BCH $40 Back Up & Why Try To Catch Bottom?
Channel: Marc De Mesel
Date: 2019-01-06

Was wrong thinking bottom was in at $75 for BCH, think odds are still in favor of lower low. Eventhou Dobe4ever was correct there was indeed massive volume for $BCH on the breakout from $75 to $220, but as Keven Svenson points out as well, like BTC there was no volume when bottom was made for BCH. 

Checked BTC bottom of Jan 2015 and indeed there was massive volume when bottom of $160 was hit and it also shot up immediately within hours to $220 unlike BCH that was bottoming for 3 days around $80, much longer. 

Considering all these factors, lack of volume, duration of bottom and taking into account the massive capitulation still to come for overall market, aiming back for bottom of $40 for #BitcoinCash, likely to happen together with BTC bottom somewhere middle 2019.

Volume BTC Bottom 2015: https://twitter.com/marcdemesel/status/1081755424347557889