BCHBTC Solid support at 0.5 fib level

23 באוג׳ 2017

Whereas 0.5 fib was acting as resistance, it now acts as support. Combine that with tweets from John McAfee, a noted BCH supporter, saying he is mining BTC because it is more profitable (right now) vs mining BCH, you can assume he (and other BCH supporters) are buying BCH with their freshly mined BTC.

Long term target is 0.53 BCHBTC, the 2.618 fib extension from the recent run.