$2,425 is strong resistance and not a "buy" at this point in time. I would like to see Bitcoin Cash trade above $2,425 for at least a day on strong volume. Once it does this, I would be a buyer. Otherwise, it is dead money.
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Also daily volume has been very low which indicates lack of trades/traders.
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Has finally broken $2,425 level but not high enough volume for me to be convinced that it will hold. Let's see how the next few days turn out.
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As I stated on 1/6, there was not enough volume to convince me that Bitcoin Cash will stay above $2,425. Disappointing to see it go back down but not surprised. Still lack of big buyers.
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Continues to be weak. No volume, no buyers. Just stuck in this trading range.