RE: Bitcoin Cash to the ATH in the next 2 days?

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Bitcoin Cash to the ATH in the next 2 days?

in bitcoin •  7 years ago  (edited)

Hi dobe, thanks for the analysis. Here's my 2-cents (:

I'm thinking we are going to see an Elliot Wave Correction (ABC). We just did A and B, so the next leg down is C.

I'm anticipating strong Support Levels around the 78.6% Fib level on your chart.

Some interesting info on Bitcoin Cash:

Bitcoin Cash gets its next difficulty adjustment soon, because blocks have been mined insanely fast the difficulty adjustment is going to be something like 4x. When this happens the profitability for BTC will be greater than BCC, so some miners will switch back to BTC leaving the BCC chain with slower block times (in the short term).

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