Of course one has to wait until the upcoming hardfork before selling the coins, if this is the reason for holding the BCH-coins.
But technically the signs for a near correction are strong.
1) There is a negative divergence between the RSI and BCH - peaks
2) BTC and altcoins are already in correction mode. They have lost some points from their high. Meanwhile BCH is steady on high level. This spread will be closed and it will look like a crash.
3) ADX is sending alarm signals too. DI- is rising out of negative zone while DI+ is just on the neutral line and will cross the DI- trendline soon.
4) with Elliot-waves we can see that the ATH has already been achieved and we´ve just entered the corrective waves; wave B could be the last possibilty to get out before a steep wave c would lead to a very lower price
If I were not interested in the hardfork I would sell my coins; at least take profit.
This is no trading advice! And of course I can be wrong.
But technically the signs for a near correction are strong.
1) There is a negative divergence between the RSI and BCH - peaks
2) BTC and altcoins are already in correction mode. They have lost some points from their high. Meanwhile BCH is steady on high level. This spread will be closed and it will look like a crash.
3) ADX is sending alarm signals too. DI- is rising out of negative zone while DI+ is just on the neutral line and will cross the DI- trendline soon.
4) with Elliot-waves we can see that the ATH has already been achieved and we´ve just entered the corrective waves; wave B could be the last possibilty to get out before a steep wave c would lead to a very lower price
If I were not interested in the hardfork I would sell my coins; at least take profit.
This is no trading advice! And of course I can be wrong.
Trade active:
The first mover (wave A) has been longer and steeper than expected. And it can continue - the indicators are bullish!
But I think that before the day of the hardfork BCH will have another rush to higher prices - perhaps around the fib retracement. And then it´ll have its third correction - not because BCH is weak but the speculators are taking their gains.
If we look at the past the course of BCH swung around 1.200 - 1.270$ - and this could be the turning point for BCH this time as well.
The Hardfork on may 15 will not emerge new coins. It´ll be an upgrade. So my argument in the beginning is false - I apologize.