BCH panic sell - Support and Resistance Levels - Binance+Kraken Responsibility

[DashingAgent]

BCH panic sell - Support and Resistance Levels - Binance+Kraken Responsibility

Binance and other big exchanges like Kraken, Bithumb should disable the trading for BCH or should kick the whale who sold his BCH in last minutes before the fork and disturb the market badly, even the AI indicators has failed to determine the support and resistance levels. So my question from the community is that where you see the next resistance and support levels? https://prnt.sc/vjh5la

[bounceback]

BCH panic sell - Support and Resistance Levels - Binance+Kraken Responsibility

Binance and other big exchanges like Kraken, Bithumb should disable the trading for BCH or should kick the whale who sold his BCH in last minutes before the fork and disturb the market badly, even the AI indicators has failed to determine the support and resistance levels. So my question from the community is that where you see the next resistance and support levels? https://prnt.sc/vjh5la

I think the same moment with last BCH hardfork where BCH real coin gone and become with both coin BCHN and BCHA, I have check telegram channel with MXC exchange where many investor complain with their BCH fund is gone. Good luck for bitfinex BCH holder because both coin BCHN and BCHA have credit to holder account based on how much BCH holding before snapshot. I think is usually happen with coin wanna begin with hardfork because before snapshot coming price is up and after snapshot and their coin record have track with exchange holding they will sell coin because have success reach with maximum holding coin to earn hardfork.

[Husires]

A state of panic will not occur in the price, many will not tend to sell currencies, but rather they will do so after prices move up or down, so I expect either the price to stabilize at the current level or start increasing in the coming hours.

The currency has suffered from many hardforks and there is no longer as much enthusiasm for it as it was in the past, so the best time to sell it is immediately after 15 Nov, and I do not think that the price will return to above $ 1000 in the future.

[DashingAgent]

So if someone buys again after selling it? will those coins gone to?

BCH panic sell - Support and Resistance Levels - Binance+Kraken Responsibility

Binance and other big exchanges like Kraken, Bithumb should disable the trading for BCH or should kick the whale who sold his BCH in last minutes before the fork and disturb the market badly, even the AI indicators has failed to determine the support and resistance levels. So my question from the community is that where you see the next resistance and support levels? https://prnt.sc/vjh5la

I think the same moment with last BCH hardfork where BCH real coin gone and become with both coin BCHN and BCHA, I have check telegram channel with MXC exchange where many investor complain with their BCH fund is gone. Good luck for bitfinex BCH holder because both coin BCHN and BCHA have credit to holder account based on how much BCH holding before snapshot. I think is usually happen with coin wanna begin with hardfork because before snapshot coming price is up and after snapshot and their coin record have track with exchange holding they will sell coin because have success reach with maximum holding coin to earn hardfork.

[asus09]

So if someone buys again after selling it? will those coins gone to?

BCH panic sell - Support and Resistance Levels - Binance+Kraken Responsibility

Binance and other big exchanges like Kraken, Bithumb should disable the trading for BCH or should kick the whale who sold his BCH in last minutes before the fork and disturb the market badly, even the AI indicators has failed to determine the support and resistance levels. So my question from the community is that where you see the next resistance and support levels? https://prnt.sc/vjh5la

I think the same moment with last BCH hardfork where BCH real coin gone and become with both coin BCHN and BCHA, I have check telegram channel with MXC exchange where many investor complain with their BCH fund is gone. Good luck for bitfinex BCH holder because both coin BCHN and BCHA have credit to holder account based on how much BCH holding before snapshot. I think is usually happen with coin wanna begin with hardfork because before snapshot coming price is up and after snapshot and their coin record have track with exchange holding they will sell coin because have success reach with maximum holding coin to earn hardfork.

I don't know what happen later with BCH will delist and change with new coin bchn and bcha? right now on market still listed and have price for BCH coin although lower after panic selling from many holder when reach snapshot. Just drama will begin for BCH holder not sell yet because they have get moment where BCH coin assets holding is gone then replace by bchn and bcha. Just pray and always check update news from mxc telegram group tp know when you got new coin and your bch assets back to your wallet, maybe take few days for distributing new bch coin depend what exchange will sent first and your exchange holding how long take time for selling, I afraid if late for distributing you will miss opportunity to sell coin on higher price  

[Bitcoin_Arena]

Binance and other big exchanges like Kraken, Bithumb should disable the trading for BCH or should kick the whale who sold his BCH in last minutes before the fork and disturb the market badly,

It's a free market. You don't expect exchanges to block some traders because the odds went against you. So suck it up and grow some trading balls. It you are an experienced trader, these kinds of price alterations and manipulations expected all the time.

even the AI indicators has failed to determine the support and resistance levels. So my question from the community is that where you see the next resistance and support levels? https://prnt.sc/vjh5la

Why are you even following AI or bot indicators? There is a clear note on the indicator saying "Based on the last 30 days" and then you go on and religiously follow the indicator? If it was that easy to predict, don't you think every trader would be a millionaire now?

If you are looking for the next resistance or support levels try checking out the 6 hour, daily or weekly charts as well.

[hd49728]

I don't get the ideas you put in to make responsibility accusation on Binance and Kucoin. Binance after hacks in the past and suspicious price tradings with hacked coins, they improved their system and you can not sell your coins at the price is higher more than 5 times than current market price. You can test it by selling one coin at too high price and you will get a rejected message and a warning from Binance.

I don't know about the limit of selling and buying price on Kucoin exchange.

Generally I don't think exchanges are responsible for any selling and buying from exchange users. I agree all exchanges have to use price limits to avoid price manipulations from hackers.

[leea-1334]

People need to get over the hysteria of forked coins,,, BCH to be fair I give credit they actually still survive after 3 years but as you can see from the value it is really just a handful of people. Other than places that already accept Bitcoin, I have never in my life seen anyone ask for BCH payment or even seen a BCH wallet. Sorry but this is unnecessary stress on a limited ecosystem.

[death69]

There is no point determine support and resistance levels during such great event. The market needs some time to be balance and stable enough so as we can easily spot out the support and resistance. Dont rush too fast.

And dont trade during this event. If you have bought bitcoin before, you will have a chance to earn great amount of money. Right now, the only thing can do is to wait. Be patient. Whales are everywhere and you cant force the market to stop them. They receive a huge fee from these big investors

[ReiMomo]

I agree that we can't blame nor force Binance and other exchanges for this panic selling we are in a market where everyone is allowed to decide on what they want to do on their assets regardless if they are whales or small-time traders. Most of these exchange platforms already have features to secure and have control over possible hacking from someone.

If this panic selling seemed to have a huge impact on you might as well avoid trading during this time but never expect that it won't happen again.