Bitcoin Diamond ( BCD ) is a hard fork of Bitcoin . The fork occurring at block height 495866, implemented changes including a new proof of work algorithm to deter attacks on the network and segregation of transaction signatures from transactions on the chain for additional capacity allowing a greater number of transactions per second on the network as a whole.
Bitcoin Diamond ( BCDBTC ) Chart Analysis
We are looking at Bitcoin Diamond ( BCDBTC ) on the daily time frame, we have the called "Falling Wedge", let's take a look:
- We saw a , drawn left, that produced an 85%+ breakout. Now we see a second forming for Bitcoin Diamond which we believe can produce even more gains.
- This pattern is supported by on the , marked with magenta arrows.
- We have the same divergence shown on the . The bounce on late May might as well have been an accumulation move.
- Big bags are being accumulated by whales and big money all across the board... Something really big is coming.
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