SUMMARY
On Twitter, Youtube, Steemit....there's so much dislike and hate for Bitcoin Cash (BCH)! Trace Mayer gives all his reasons as to why BCH is worthless. As a Technical Analyst, I can't see too much of a difference between BCH and what the whole Cryptosphere is going through...a correction!
The below chart is basically saying an incremental lower low is likely....pretty much like the whole Cryptosphere. The WXYXZ has placed all waves excet the final Z. Given how extended wave 5 was during the prior impulse; the correction could potentially reach the prior wave 2 level!
However, for that to occur, the MACD should have alot more up/down room than is currently shown in the below chart. It's stuck between contracting pattern lines and so likely not able ot support a drop all the way to $315 where prior wave 2 level sits unless the MACD breaks down severely. The price is also very proximal to the apex. So, my primary count is for an incremental lower low to finish the final blue Z wave before a likely breakout. Now, even with a breakout, price can still put in a lower low and in fact be fully aware of such a scenario. For now, a breakout of a certain degree should come first.
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Appreciate good information
Thanx for Info
How To Know if a Trend will Continue or Reverse! https://steemit.com/bitcoin/@investingtips/tutorial-how-to-know-if-a-trend-will-continue-or-reverse
Check out $NEO and $XVG(Verge) doing well in a bad market. Most likely will continue.
ONT as well. XVG hyped over partnership. After volatility slows down, CMT is not hyped and ran a similar test on their own blockchain just as TRX did. But they’re designing it purposely for e-commerce: no competition. Risk n reward my friend.
ONT has been on fire. I'll check out CMT. Like TRX, but haven't looked at the chart lately. XVG hyped - very true, but those of us who study charts numerically don't mind WHY they move - just that they are and do move. ;-) Price and price movement tells all... (even the things "they" haven't made public yet)
Bitcoin Cash is the exact same thing as Bitcoin except it has a different block size and a different network. The block size makes it more expensive to mine. Also, because it was new, it was supposed to have lower fees. Maybe not any more.
Bitcoin Cash was put on the GDAX exchange right after Bitcoin started to go down from its peak. It may have spooked new investors because it was a "fork" of Bitcoin and when you first learn about Bitcoin, it is advertised as better than fiat because you can't just decide to make more of it whenever you wanted to. Forks seem like a cabal of Bitcoin insiders doubling the number of coins on a whim - especially for something like a simple change in blocksize.
Personally, I didn't like the way Bitcoin Cash was advertised. There were owners (not just Ver) all over the discussion pages claiming it was the "new Bitcoin" and that they were converting all their Bitcoin to Bitcoin Cash and only investing in Bitcoin Cash. It was really annoying.
Did you know RanchoRelaxo fucks Haejin. That's why he gets those MASSIVVVVVVE UPVOTES. HE takes RANCHO's MASSSSSSSSSIVE COCK in his ass!!!!
I'm still trying to figure out if BCH was inflationary. My understanding is that once the fork happened, everyone who held BTC received the same amount of BCH because the blockchain had to re-do all of the transactions. So I could see why if you were a longtime die hard BTC advocate that would be hard to endorse.
BCH is getting flak because it's flying over the target.
Thank you for what you are here, sir @haejin you always give warm information On the platform. Thank you sir @haejin Top your work, please follow and upvote I have a post, Thank you,
I'm not sure "hate" is the right word for Bitcoin Cash. To understand why it's such a controversial coin, I decided to write an entire article outlining arguments for and against BCH:
https://steemit.com/bitcoin/@workin2005/bitcoin-btc-vs-bitcoin-cash-bch-the-great-block-size-debate
More HATE for HAEJIN than BITCOIN CASH BIOTCHHHHHHHHHHHHHH
On Twitter, Youtube, Steemit....there's so much dislike and hate for @Haejin #Hgin!
sir Good job..classy your post.
Thanks for sharing
Haejin is gay
Most of the hate I hear about Bitcoin Cash comes from hate of Roger Ver more than the actual coin.
As long as you are positioned as a long term cryptos investor and invest in the right digital assets (and BCH happens to be one of them), you should teach yourself to stay away from all the daily cryptos news.
Did you know RanchoRelaxo fucks Haejin. That's why he gets those MASSIVVVVVVE UPVOTES. HE takes RANCHO's MASSSSSSSSSIVE COCK in his ass!!!!
Bitcoin Cash was good alternative to Bitcoin in the time when BTC fees was terrible high. Now it's neutral for me like other thousands of altcoins.
Ha, this is just what I was thinking! Everyone calls Bitcoin Cash a joke, and yet it's done the exact same thing as every other crypto (tank in price over the past few months). I haven't purchased any, but have been thinking about it- who knows what projects will really rise to the top over the next year?
I think a lot of people who hate BCH are haters
please read following article resteem if you agree
https://steemit.com/news/@qam2112/ready-for-war
cool
Haejin can we please get a bitshares updates? Been about 3 weeks I think.
Much appreciated as always!
very nice post, thank you for sharing
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