Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
You should keep holding it and sell if bch goes above your buy price or reach the goal you had in mind. It still has a lot of potential in it and keep in mind that bch is forked from btc and is in the list of the top coins in coinmarketcap so it is unwise to just sell at a loss right now. My opinion on it right now is that it will be like etc for ETH so it will always have a value and is not just a shitcoin.
I believe bch has its own fans and it's not easy to collapse, but it's better to sell bch to buy coins like, dashcoin, lite, or even bitcoin, they can give you a bigger and more stable profit, I've long sold bch, and not be affected by whatever is attached to them, it is better to move and keep moving forward.