I have got some interesting developments for Bitcoin Cash to show you. Bitcoin Cash is right now up 31% against Bitcoin and this could be the bottom. Lets have a look at the daily chart:
Comment: Look at that volume bar, it is almost at par with the ATH volume day back in the middle of November and we still have 12 more hours to go.
If we will close at this level, we will form a large engulfing sign and that would be very bullish. I also believe that we have set a nice foundation bottom around 7000 satoshi so there isnt a lot of risk to the downside from here.
Happy investing!
Bitcoins network is slowing, expensive and the volatility has been extreme. Merchants do not care for this. It will be interesting to see how bitcoin cash compares in the future. I believe this is favorable for bitcoin cash. JMHO
Great post!
thanks man, I totally agree with you on the merchant issue. No sane person would use Bitcoin today to purchase a low cost product/service with an expensive/volatile/slow currency such as Bitcoin.
The market will decide, I have not sold any Bitcoin, but I have accumulated Bitcoin Cash...
This is just the trade-bot switching to Bitcoin Cash for a pump and dump. Don't get your hopes up about Bitcoin Cash, it will have much lower lows than the ones in your graph. Give it a few days.
It could be. But you don’t know for sure.
Nice post, upvote me back.
@miti downvote
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