Stock BCHG plotted with crypto BCHStock: BCHG . If you have money in the stock market, here is a HUGE play. Graph is a percentage graph for comparison. Notice how stock BCHG has pumped up/down relative to crypto BCH. This shows me that there is a lot of pumping/dumping in this fund relative to the BCH. The next BCHG pump is coming. And combine that with final bitcoin major wave 5 in the crypto market coming. This could be a 10x.
A good play, is put some money in it. Do a 100% (160% to cover taxes if you pay 37% short term capital gains), and sell that.
160 x 63% = 100 roughly.
Your original principle will be out (in full after tax). The remaining 100% is free money to ride this crypto wave up.
If you want, you can try and play the intermediate pumps.
Warning: If you jump in, it could go up tomorrow. Or it could fall another 20-30% first. Who knows. the resistance levels I drew are good indicators of where it might find a bottom. Just have to stomach it until the pump comes.
Getting huge returns comes with volatility.
Purple lines are weekly resistance levels. Orange is daily resistance level.
Invest at your own risk!
