BCash failed and people realized that it is not Bitcoin but just a useless coin for miners. TD indicator shows a slight possibility of a bounce tomorrow but it should fall further down. Sell volume was rising on 4h chart. Overall, the chart will be identical with other pump and dump shitcoin charts.
While we aren't in the business of picking bottoms, it's interesting to note that the Bitcoin Cash algorithm (the program that runs the Bitcoin Cash protocol) had a -72% difficulty adjustment in the past 24 hours. This makes it easier for miners to mine new blocks and increases the speed at which blocks are mined, increasing the odds that a miner will mine a new...
Stochastic on multiple timeframes shows oversold conditions and MACD seems to be bottoming out above neutral. If we have enough support to keep MACD positive we should see a move up soon.
I'm going long at .136 :D
with recent SOS in background and price action moving in a trading range established by 2 main trigger lines (yellow at top and bottom) where have buying and selling pressure.
potential up movement to test recent trigger levels while price above base price marked as blue on chart.
