Bitcoin Cash is one of the few big cryptos going up right now. The other one is Ethereum. But I wanted to show you the chart for Bitcoin Cash in relation to Bitcoin. Here is the daily:
Comment: You can now see that we have crossed that important trendline to the upside. However, this is not a daily close so keep that in mind, but as long as we stay above that trendline, Bitcoin Cash could continue to charge much higher. At this time Bitcoin Cash is up more than 8% against Bitcoin.
In addition to the breakout, the volume has also picked up, it is already twice as much as yesterdays volume. That is the crucial part here, the volume needs to ramp up in order to carry on here.
Anyways, this looks like a great entry point if you are looking for a trade of accumulate more Bitcoin Cash.
Happy investing/trading!
How likely is it to see a flippening in your opinion? I really want BCH to succeed. I got out of ETH because it was a margin trade. But if both of them goes up a lot more, BTC will be thrown to the background.
It always piss me off when suddenly every coin I invested in shows the exact same dip when Buttcoin takes a dip.
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Man, it really is a tough one to answer. From a practical point of view, it should happen tomorrow, but who knows what will happen when Lightning Network will be implemented.
I do believe that both of them will go up this year, but BCH much more in terms of percentage. Lets say that BTC will close the year at 100k and BCH at 30-40k.
BTC is still my largest holding althogh my other coins are getting closer by the day.
So, when did you exit ETH?
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I got out of ETH around $1320 (Kraken) and bought some EOS and a X2 margin trade on ETC.
Look at what happened with https://raiden.network/ Almost nothing happened. I'm sure LN (Which IMO a joke taken too seriously) gets out the hype BTC will have some gains. It could even trigger the next big bull run in BTC. But personally I barely even touch the coin. The results of my actions have been mixed.
I agree with your BCH prediction. I do have a hard time thinking of 100K BTC unless it immediately falls down over 50% like TRON did. Either way percentage gains always happen in smaller coins. So that's where I'm looking at.
BTW how does 20K Dash look like?
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Any news supporting the rise in price for Bitcoin cash ? And what's wrong with ripple. Its market cap has dipped significantly.
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Whats wrong with Ripple is that it is the banksters coin;)
Regarding Bitcoin Cash, I dont know besides the technical analysis. However, I found this on their Twitter, dont know how significant it is:
https://twitter.com/BITCOlNCASH/status/950947506015289344
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Great call on BCH. I have been loading up the truck since early December. I think BCH will surpass BTC this year. Great TA.
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thx, sounds like a good idea. Could happen, anything is possible in the crypto world.
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good information
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keep up a good work, i vote for u
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Bitcoin best investment ever,nice information thank you
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good job dear @freeforever
I like it your post dear
and good information dear
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Have been waiting for this, hadn't clocked it myself so thanks for sharing :-)
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BCH is a great economic lesson on current utility and fees, if you are using any swap bot or exchange bitcoin core seems like a worse choice all around, and until there is a functional lighting network this divide should grow! my 0.02
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