BTC /USD fakeout or breakout?
BTC /USD fakeout or breakout? I'm thinking fakeout, but hey, you never know. Good luck and happy trading friends...
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Well that dropped even more than I previously expected...Note
BTC is consolidating at the tippy top of it's 3 year resistance. Last time it blew past this was December 2017 when it wound up peaking at $19,892. Be careful, but it's looking like a bonafide breakout is impending...Note
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Bitcoin Cash is able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can. Bitcoin Cash was started by bitcoin miners and developers concerned about the future of the bitcoin cryptocurrency, and its ability to scale effectively. I think BCH/USD is getting ready for a +13% run over the next 7 days. And out of all the top cryptocurrency, I think that Bitcoin Cash has the greatest potential for the biggest % gains this year. On Monday November 2nd at 4:15pm, Paypal (Venmo) has it's Q3 earnings call. As you know, Paypal (Venmo) has entered the cryptocurrency market, announcing that it's customers will be able to buy and sell Bitcoin , Ethereum , Litecoin, and Bitcoin Cash (a hard fork from Bitcoin ). "It is hard to overstate just how significant the news related to PayPal (Venmo) supporting crypto transactions is for the adoption and maturation of cryptocurrency. Virtually overnight, over 300 million users will have the ability to pay for goods and services via crypto, and to do so using a platform and interface that is an embedded aspect of e-commerce." (credit: Forbes, Sean Stein Smith). Good luck and happy trading friends...Trade active: I took up new positions at 7:37pm 10/30
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.