BCHBTC is making a move again. It could be the last wave before it corrects towards the strong demand zone. Watch the price action at the resistance level indicated in the chart above as it could break up or break down.
Bcash has gotten some legs on this reversal. Looks like we'll see a wave 5 here up to the support/resistance point of .16. I would think we'll see this target by tonight or early tomorrow morning when I'm trying to sleep, but can't because I'm watching charts. happy trading!
We have 3 probabilities here: 1. (Green) If buying pressure is very strong, it could break the strong supply zone and go beyond it. 2. (Red) If buying pressure is weak, then we could move sideways for a bit longer until the supply zone is depleted. Staying too long on this zone would be bad. 3. (Orange) If selling pressure begins to rally, then look for BCash to...
Due to the inability of Bitcoin Cash to adjust the difficulty of the network, coins are transferred incredibly slowly. Bitfinex openend his deposit wallet yesterday at (10:00 UTC), they are asking for 15 confirmations, meaning 15 blocks. So the next block, which hasn't been mined yet as for now, will enable trader to finally dump their 'free' coin. This will...
As you can see, the current price BITFINEX:BCHUSD is as of this writing 10% lower than Kraken KRAKEN:BCHUSD . This is a good indicator to see a possible future price. There is a lot of support for BITFINEX:BCHUSD KRAKEN:BCHUSD that many might not see. I can tell you now that my honest opinion is that we will see $450 and higher in the coming 1-4 weeks....