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Bitcoin Cash $BCHUSD PT 750Bitcoin Cash Bitcoin Cash is a different story. Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a segregated witness technology. They felt as though SegWit2x did not address the fundamental problem of scalability in a meaningful way, nor did it follow the roadmap initially outlined by Satoshi Nakamoto, the anonymous party that first proposed the blockchain technology behind cryptocurrency. Furthermore, the process of introducing SegWit2x as the road forward was anything but transparent, and there were concerns that its introduction undermined the decentralization and democratization of the currency. In August 2017, some miners and developers initiated what is known as a hard fork, effectively creating a new currency: BCH. BCH has its own blockchain and specifications, including one very important distinction from bitcoin. BCH has implemented an increased block size of 8 MB to accelerate the verification process, with an adjustable level of difficulty to ensure the chain’s survival and transaction verification speed, regardless of the number of miners supporting it. In 2018, the maximum block size for BCH was increased 4x to 32MB, but actual block sizes on Bitcoin cash have remained only a small fraction of the 32MB limit. Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can. However, with the faster transaction verification time comes downsides as well. One potential issue with the larger block size associated with BCH is that security could be compromised relative to the Bitcoin network. Similarly, bitcoin remains the most popular cryptocurrency in the world as well as the largest by market cap, so users of BCH may find that liquidity and real-world usability is lower than for bitcoin. The debate about scalability, transaction processing, and blocks has continued beyond the fork which led to Bitcoin Cash. In November of 2018, for example, the Bitcoin Cash network experienced its own hard fork, resulting in the creation of yet another derivation of bitcoin called Bitcoin SV. Bitcoin SV was created in an effort to stay true to the original vision for bitcoin that Satoshi Nakamoto described in the bitcoin white paper while also making modifications to facilitate scalability and faster transaction speeds. The debate about the future of bitcoin appears to show no signs of being resolved.
COINBASE:BCHUSDLong
by UnknownUnicorn19246015
4
BCH - What happens next?Hi, this is my new update for BCH. Last week we saw BCH held the SMA100 very well and today we finally broke the SMA50 and we have already backtested. In my last update, I told you we have reached bottom for BCH and that was because we got a double bottom in RSI, a double bottom in MACD and a beautiful double bottom in the chart. Now we are getting ready for resistance $620-630 and once we get above it, then we are ready for resistance $725-730. So be prepared and don't PANIC ;)
BITSTAMP:BCHUSDLong
by Trading-Temple-
1
BCH - Be PreparedHi, this is mye new update for BCH. In the last 12 days BCH has fallen 25% and this gives us a good discount compared to the other coins. After a big fall from $610, we have now find support around $440 and we saw yesterday that the SMA100 held very well and we got a beautiful double bottom in RSI and that indicates we have reached the bottom and now we are going up. First resistance for BCH is around $535-550 and once we get above it we are going to test the resistance $610-635. So be prepared and don't PANIC, good things take time.
BITSTAMP:BCHUSDLong
by Trading-Temple-
2
BCH - Still Bullish? Hi, we expected something similar will happen when Bitcoin goes in correction mode. Now we have to figure out what is going to happen after that. As you see we have made a double bottom in RSI(43) and that is the first positive sign and I expect we are going to see (W) formation in RSI and in the chart, which I have drawn for you. The second positive thing is that both uptrends held. The third positive thing is that SMA50 so far has held. The fourth positive thing is that we have made higher high and we have not made lower low. I think the first move is that we are going to test the support level 630 that we lost yesterday, if we get above it, it is time to move further to 730. We have to wait for more information. So be patient and don’t panic 🙌🏼 The altseason is right in the corner. 🤞🏼
BITSTAMP:BCHUSDLong
by Trading-Temple-
Bitcoin Cash - Major Breakout - Too the moon $10kThis is in a long time, I had my eyes watching it for long time as well. We broke out of ascending triangle which was going on for almost 2 years... you know it consolidated a lot but never given the foot hold. The immediate next target is 600, once crossed, should be without much resistance we face real challenge around 1500-1800-2000 zone... this will be tough fight but we shall be clear above $2k in few weeks. Imagine everyone moving major money off BTC to BCH... we will be at 50% parity with BTC
BITSTAMP:BCHUSDLong
by UnknownUnicorn1616991
4