This is a really difficult concept. It took me 6 months since Nov 2018 (a time I lost a hearty chunk o cash) to really grasp how miner efficiency upgrades can tank the bitcoin price. I even was an s9 miner in 2017. Now I am trying to make others aware of what I learned.
The total amount of bitcoin blocks mined is limited to 2016 per fortnight (1800btc/day). The...
Quite the significant bearish div here on the 12H. If I were in a long, I would be careful.
If we do pull back from here, I'd anticipate the green box below to get tested as support; from there we'll see how the bulls react.
BCH is going to dump soon. I know this because I have the only logical metric in crypto. I have the Fundamental price floor.
I have been working hard over this past week, sculpting and perfecting my site. I have opened the kimono so to say, and asked traders for opinions. I have gotten many opinions, and I have learned one true fact. Most of the traders on here...
Price expecting around $550 - $600
solid buying while BTC is about to drop money should be moving to bitcoin cash as it is playing catch up.
Bitcoin should drop to around 6-7000 before a short uptrend.
There is a few weeks that i checking BitcoinCash and waiting for an opportunity to enter long term trade and i think, this is the buying zone.
Please consider that in case of the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Take Profit List:
The RSI downtrend is...
Bulls (Optimistic MidTerm):
The recent uptrend marks the completion of 5 waves (yellow). This can be considered as the completion of 3rd wave (white) since the bottom in Dec '18. With that assumption, price is correcting as part of 4th wave and then there will be a move to new highs with targets between 500-600+
The 3 boxes represent the areas of support where...
#letCHARTStalk and all these #FOMO's walk I am going smash on BCH swapping some of this and all of that until BCH hits 600 and I pull some profits out but watch this shit fly! #FOMO love #donateit #soIcanTAKEit #comeonwithit! BCH is like the 20 $ bill to the BTC 100 dollar bill, everyone loves and prefers 100s because they are awesome but they can be harder to...
Previous resistance has held as perfect support in confluence with the .5 fib level. There is no need for any concern regarding the price action as the pullback is quite typical for crypto. They price will consolidate in this range, until the RSI restes a little before completing wave 5 with a $480 minimum price target.
BCH was forming this flag per my previous post, even looked like it broke it. But now it appears that once we break through this 340 area, we are going to go up much higher in a hurry.
It all looks fairly bullish to me. Watch this 400 area. We break that and the next stop is basically 650. While the daily MACD is positive, the weekly MACD is showing a lot of...
After a beautiful surge, we are not staring at at bullish flag, gathering strength into another breakout?
With more Traditional exchanges will allow trading in the crypto world will equal to more capital flowing into crypto thus pushing value higher. So unless, we are going to get some major bad news, it is unlikely that crypto will suffer a major bear...
Currently, Bitcoin Cash has made pretty nice recoveries but soon it reaches into the resistance. The resistance free area starts to become over and it is time to take some profits.
Those who are in mid-term position on BCH then they should consider taking some profit around $400.
Those who want to take risky short-term trades, right now, on BCH consider that the...
There are very few coincidences in math and in life. The fib extension lines on BCH as well as BTC, ETH and LTC have all been target magnets during this move up. Right now BCH is eyeballing a 50% move up to test the clif of resistance that it fell off of prior to B-Cash camp feud that triggered the capitulation move down for the entire crypto market. These price...