If you still hold BTC you may want to dig into the research behind the BCH fork and track what happens in the coming weeks and months as the BCH commercial ecosystem grows.
And if you've been trading altcoins for the past couple years you know how much greater the gains can be from altcoins when they finally start to gain momentum.
Well, what about BCH?
Having just passed it's 1 year fork anniversary, with real-world commercial projects for BCH now launching almost weekly, I'm expecting upwards price momentum to start closing the price gap with BTC very, very soon. In fact, the chart suggests this week may be the turning point.
Let's take a quick look using the BCH/BTC 1 Week candlestick chart.
Basic description: Each red or green 'candle' represents a full week of time. Green means the price of BCH went up relative to the price of BTC during that week. Red means the price went down during that week.
The graph is smoothed using a Heiken Ashi candle view. You can see the waves of price momentum up and down over many months, ranging within quite a clear channel.
I've drawn a green line on the top channel. From today's price, moving back up to reach that previous price level would be a 68% gain in BCH vs BTC.
We can also see from the MACD indicator (circled pink) that the bars are moving back up, suggesting that BCH will gain positive price momentum against BTC.
We can also see the tinken and kijun lines (circled in orange) are getting closer together. When they cross, a clear change in momentum will be signalled.
Let's zoom in a bit...
I also have a couple of Hull Moving Averages on the chart with short time intervals. As you can see, the shorter moving average, indicated with blue, has (over the past few weeks) crossed above the longer moving average, indicated with pink.
This suggests the tide is turning, ready for upwards momentum pressure.
Plus, the current week Heiken Ashi candle is smaller than last weeks, also indicating a squeeze in price momentum and probable change in direction.
If we get a green candle confirmation perhaps by the following weekend, the chart will definitely be indicating traders coming into the market for a very possible 68% gain of BCH compared to BTC in the next few months.