Ever since 7-April, which marks the correction bottom and trend reversal, the maximum we have is three consecutive days closing red. This is great news.
Currently BCHUSDT closed the last three days red. This is the fourth day.
1) It can happen that this day also closes red, this puts pressure on tomorrow being green based on past action.
2) It can happen that todays ends up closing green and the market starts to turn.
This is not only true for this period but also other periods. Whenever Bitcoin Cash is rising, long sequences of bearish days are rare to come by.
If the market starts to turn, the current down period will result in nothing more than a very short stop with minimum retrace before additional growth. This is a transition period. The whales move billions of dollars and the algorithms need to be recalibrated, "reprogrammed," after just a few weeks.
Each time a set of Altcoins move forward for several weeks, there is a small pause, the programs are updated, the money is positioned and a new set of Altcoins will grow. The previous set can continue growing but the top performers tend to change. You will see this happening week after week after week throughout the entire bull market.
The trick to achieve high profits is to forget about catching the next big wave. Choose your pair and hold, if you look closely, it has been growing day after day after day. When you try to catch the next wave, it is always too late, but everything is growing slowly, we are soon to be one level up marketwide. I predicted 2-3 levels up by the end of the month. Watch!
Bitcoin Cash already produced more than 70% growth since the 7-April bottom. It will continue rising long-term, this is only the start.
Diversification can be a good strategy if you want to catch those moving up strong. But it is better to focus on strategy and sure success rather than excitement and perceived high gains. The market is growing anyway and it is not going away.
Do it right and you will earn more mid-, short- and long-term.
Namaste.