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RE: BCH Update: Prominent BULLISH ABCDE pattern?

in #bitcoin7 years ago (edited)

Currently, only about 2% of the global hashrate is being used to mine BCH. This not only means slow transaction speeds but I'm foreseeing a clogged network unless next difficulty change kicks in.

I doubt we'll be seeing BCH anywhere near bullish in the short term. Actually, I think it'll go down even more.

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Yes I've heard of that, that would also make it vulnerable for a 51% attack, but I'm just pointing what the technicals show me, have a great day!

Makes sense mate, you've a great day too!