My technical view of whats going on with BCHBTC . Chart is pretty self-explanatory. Let me know if you have thoughts.
Best of luck
Best of luck
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Elliott*註釋
**Copied from pt. 1Bitcoin Cash to gain 15%-20% total market dominance in 2019.
Comparing Ripple 2013-2015 to BCH 2017-2019:
2013: Ripple created
2014: Ripple 2% dominance: ibb.co/vx8wpb0
2015: Ripple EXPLODES to 15%-20% dominance: ibb.co/PZpcg3x
2017: Bitcoin cash created
2018: Bitcoin Cash 2% dominance: ibb.co/dQF0qbJ
2019: Bitcoin Cash EXPLODES to 15%-20% dominance: TBA
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Bitcoin = digital gold
Bitcoin Cash = everyday transactions
Bitcoin supply = 21mm
Bitcoin Cash supply = 21mm
Bitcoin consensus = SHA-256
Bitcoin Cash onsensus = SHA-256
Bitcoin Cash Average transaction fee: $0.07 USD
Average confirmation time: ~15 minutes (targets 10 minutes)
Transactions reversible?: No. Once a transaction is sent, it is final.
Bitcoin on 71% sale from ATH
Bitcoin cash on 93% sale from ATH
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Benefits of Bitcoin Cash: no fee (very small) and can scale.
Bitcoin cash end goal: 50 transactions a day for 10 billion humans.
December 2018 Earth population: 7.5B approx.
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If the crypto market cap remains at $173B for the rest of 2019, BCH will see a
Bitcoin Cash Hard Fork May 15, 2019. No Knew tokens issued. This is an upgrade to the current BCH network introducing an optional new way to sign your BCH transactions called Schnorr signatures.
2nd Bitcoin Cash upgrade coming November 2019
"Schnorr Signatures Await Bitcoin Cash as the Next Upgrade Draws Near" news.bitcoin.com/schnorr-signatu...
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Links ^ that didn't work from the copy + pasteibb.co/vx8wpb0
ibb.co/PZpcg3x
ibb.co/dQF0qbJ
news.bitcoin.com/schnorr-signatures-await-bitcoin-cash-as-the-next-fork-draws-near/
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BCH lagging BTC as its done historically. 5%-10% left in BTC, 140%+ in BCH. BCH time註釋
BCH to well outperform BTC註釋
THE KING ALWAYS MOVES FIRSTBCHUSD BREAKOUT
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THE KING WANTS $7.4k註釋
TOTAL MARKET CAP RUNS THROUGH TARGET 1 $180B, HEADING FOR TARGET 2 $200B註釋
i need to sleep. BTC should move first to 7.2k-7.4k. BCH will follow close behind +140% upside.註釋
BCHUSD bullish weekly slow stoch crossBCHUSD weekly RSI 55
3 Days until Schnoor Signatures
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BCHUSD next stop: $500+交易進行
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* blue parabolic curve is eye balled. A.K.A a rough estimate of the curve註釋
BCHBTC Bullish Slow Stoch Cross*交易進行
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BCH vs. BTC YTD Payments (spending): ibb.co/zV3VtLXBTC Payments Count YTD: 529.90586k
BCH Payments Count YTD: 82.89271k
BTC Payments Growth YTD: +166%
BCH Payments Growth YTD: +640%
both impressive.
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^ data from CoinMetrics: coinmetrics.io/charts/交易進行
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Binance leverage coming: ethereumworldnews.com/binance-hints-impending-margin-feature-boost-crypto-rally/Institutions + banks + whales + margin. Crypto interest is at a global all time high meanwhile prices are at a low. massive amounts of fuel backing this rally. rally likely to extend.
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Whole Foods + 30k new merchants now accept Bitcoin CashMalls across the US now accept Bitcoin Cash
Bitcoin Cash Partners with CryptoSpace
Bitcoin Cash + Cannabis Industry working on a solution for the entire sector
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BCHUSD about to rocket交易進行
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Institutions + banks + whales + margin will fuel this rally註釋
Markets will FOMO註釋
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May 27th, 2019 Bitcoin + Bitcoin Cash average fee update:Bitcoin: $2.078
Bitcoin Cash: $0.0054
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May 28th, 2019BTC average fee: $4.311
BCH average fee: $0.008
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Cashscript is coming, bringing Ethereum-like smart contracts to Bitcoin Cash!news.bitcoin.com/cashscript-is-coming-bringing-ethereum-like-smart-contracts-to-bitcoin-cash/
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sorry my boxes were off on last post. 交易進行
Breakout incoming.註釋
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$BCHABCBTC UPDATE: Feb - March ABC sideways pattern retraced 71.8%
May - June ABC sideways pattern has retraced 71.8%
We are still searching for a bottom and next move (surge) targets will slightly change depending on where we find the bottom.
As it stands right now (if no new low is hit):
T1: .065+
T2: .076+
T3: .092+
Best of luck.
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buying every dip註釋
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Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019: news.bitcoin.com/bitcoin-cash-shows-phenomenal-growth-over-the-last-two-quarters-of-2019/交易進行
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First U.S. government blockchain token to be backed by the Bitcoin Cash Network! reddit.com/r/btc/comments/c7vshk/local_us_government_to_use_bitcoin_cash_slp_tokens/
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targeting new 2019 high. stop loss previous low免責聲明
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