BCH has found a pretty solid support level around 200 USD, but is this the bottom? I honestly don't think so. Holders of BCH have the only way to deposit and sell their BCH from cold wallets at the moment (ViaBtc). And this way is not very well-known so I believe many people are still waiting for the opportunity to sell their coins. Morover some of marketplaces...
I do not really see big impact of the BCC (BCH) on the general BTC trend. On August 8, I see a price for BCC (BCH) at about 250 USD. For a BCC (BCH) up to 450 USD, this means a Down at BTC to about 2,650 USD. In the case of a crash from BCC (BCH) to USD 50, this means than a BTC up to USD 3,050. These are all "normal" movements at BTC. So, the overall BTC trend is...
A pennant seems to be formed in LBCBTC. Further breakout is possible when pennant breaks to the upside (mind the oversold STOCH RSI). However, when pennant breaks to the downside, price may fall to around 13.7 - 14k, assuming it will bounce on the larger triangle we can see when zooming out on LBCBTC.
As you can see, the current price BITFINEX:BCHUSD is as of this writing 10% lower than Kraken KRAKEN:BCHUSD . This is a good indicator to see a possible future price. There is a lot of support for BITFINEX:BCHUSD KRAKEN:BCHUSD that many might not see. I can tell you now that my honest opinion is that we will see $450 and higher in the coming 1-4 weeks....
Cryptos are "Fibo-Business". In this way I have analyzed BCHUSD. It is to be treated with absolute caution. It is pure speculation. ;-) But the up and down has been strictly in accordance with fibo, so perhaps the future course according to the fibo-levels too. So, I currently see two scenarios from 8 August onwards. First of all a course around 240 USD until the...
BCH Bitcoincash Flying Bat, what you think comment below.
You can all thank me later... As soon as 20 blocks are mined, and people's deposits credit at Via BTC and other exchanges allow deposits this house of cards will melt down...at the same time boosting BTC. Please sell all for BTC now.
RSI is flat while price in decline, MACD unable to break SMA. In short: either short or hold off for rebound
Surprisingly BCH is growing, not dropping after HF. Probably due to the hype in media as a cheap bitcoin alternative compared to original version. Similar type of media hype that brought Ethereum from 40$ to 400$. In my view this is may not be great for original Bitcoin, but positive for altcoins due to new money coming to the overall cryptocurrency market. What...
Bitcoin is very close to start trending up again, as I expected originally...a correction until August 1st. I specially like all the negativity and manipulation that forced people out of their positions, into altcoins as a hedge, in cash on the sidelines. Many wanted to buy back on dips after the surge off the lows after Bitmain started supporting Segwit in all...