Bitcoin cash chart resembles a OTC stock pump and dump IMO

in #bitcoin7 years ago

Bitcoincash.JPG

I was doing some of my daily browsing and stumbled across this chart from coindesk.com. I had expected bitcoin cash to trail off slowly, but surely since the hash rate had been adjusted, but this chart now looks more lice a classic OTC pump and dump. If cash continues to hold that level of support shown there in the image, it might actually be due for a bounce soon, which would give a small profiting window. Something to keep in mind!

Image is from coindesk.com