BCC
BTC's death throes. Long live Bitcoin cash!If you haven't heard, there is currently a war going on between Bitcoin Core and Bitcoin Cash, the one true king of coin.
Last night on heavy trading, BCH reached .49 to BCT before sharply selling off due to the largest exchange in Korea going offline.
Currently, there are certain Whales (Roger Vers and Bitmain in particular) that are leading the push from BTC into BCH. Roger transferred 25,000 bitcoins to Bitfinix last night and finally 14 hours later the TX is confirmed.
Sell has already starting, BCH is chewing away towards .26 as we speak.
We could see .50 or even .70 on tonight's push. Get on the train.
BTC holders - sorry but this ends in tears for you. Its not too late to GTFO out and get right with God. :)
Or something.
BCH Pump #2 imminent - Pause in rally explainedThis is really an update to my previous chart just after the rally.
There is a war going on between BTC and BCH. BCH is going to win however.
Chart: Nice breakout wedge forming and narrowing!
Key support levels of .21 and resistance of .29 due to massive sell walls at .30 designed to prevent BCH from going higher. Read on:
Here's what's going on!
1) "Whales" sich as Roger Ver are in the process of moving "YUUUGE" stacks of BTC (think 25K plus BTC) in order to sell .
2) Currently, there are around 175,000 unprocessed BTC transactions on the network. Users are experiencing in excess of 24 hour wait times on their BTC.
3) This thing is largely driven by Asia and their largest exchange crashed last night causing the crash in the first place.
4) Massive sell walls erected at .30 across multiple exchanges. These sell walls are meant to prevent the price of BCH from advancing beyond .30 while Whales like Ver wait for their BTC to show up and dumping to commence.
BTC Longs - this is the eye of the storm but the calm is only temporary.
Keep an eye on the order book for the cancellation of sale wall orders. Once those walls are canceled, the flood gates will open again and rally will resume.
HODL! (Your BCH. Dump your BTC)
ARK, long opportunity!Stop-loss: 2.25 $
Take-Profit1: 3$
Take-Profit2: 3.25$
Take-Profit3: 4$ / Long term
Bitcoin Cash - The one of the TwoBCC is very bullish right now.
No wonder, if we compare this Chart to the actual Situation out there. We will have two Camps and one camp is the BCC-Camp.
Lets see what happens tomorrow with this BCC to have a clearer and deeper insight as for now. We are in the mid of a movement, so i dont want to decide for myself what happens next. Things can change to fast.
Will update the Chart tomorrow
Good Luck to us.
BCH USDT - Fib Levels and Analysis - Bitcoin Civil War?Looking for Entry back into BCH BCC Bitcoin Cash?
After hitting amazing highs on various nearing 2800+, plenty of cryptonites will be gagging to get back on board....
We see the dump bounced at the corresponding fib level giving opportunities for quick profits on the bounce, set good stops for maximum risk management on this one
So loads of FUD about Bitcoin civil war with BCH but just keep waiting till time is right and start rolling in green - Bitcoin parity? :P
Where next?
1200 are looks tempting for proper entry but we may see it also go under 1000/900's or maybe even back to high 700 on a dump spike
Have a powerful weekend and good trades to you all
Major
[BCC] Hope you made a ton, now get out while you can!The great BCC pump of November is coming to a close--take your winnings and hit the exit! My opinion is that this pump was market manipulation by a group of whales. If you happened to benefit, that's great. If you were on the sidelines during this manipulation, stay there! Don't buy in on the back-end of the pump and subsidize this shady behavior!
BCC kills BTC...It's a war-crypto-game between BCC vs BTC
probably not for long
BTC goes down to $5000 and then it stays around this price during weeks
Bitcoin Cash ready for 40% correction or reversalseems like a bullish pennant though not sure if its going to break up or down.. my view is its gonna consolidate for sometime than crash? idk
The "Great Flipping" is on! (Maybe??) BTC to flip with BCCMassive cup and handle formation with a clean break out of the handle today.
Bitcoin Cash is the superior bitcoin and "flip" places with Bitcoin as we call it today. BTC has gone from just shy of $8K down to $6600 while Bitcoin Cash briefly "false crashed" down to $540ish on Wednesday to have nearly doubled by Saturday morning.
Do your own DD or let me save you some research. For those who follow my charts, I am long MGTI and follow them heavily. $20 stock next year that company.
MGTI is heavily involved / in bed with bitmain and they have plans to expand to 25,000 miners. I would bet money there will be a joint venture of some sort between MGTI and Bitmain and you can better believe it will involve BITCOIN CASH.
Or, just "bitcoin" as it will be known in 6 months.
Do your own DD of course but I'll save you some time. I'll save you some time. Some highlights:
www.reddit.com
www.reddit.com
BTC v. BCH - Never forget to keep your perspectiveAll this talk about BCash dethroning Bitcoin inspired me to plot the two next to one another for a little perspective. Let's not get too carried away with the idea that Bcash somehow poses a threat to Bitcoin's viability as a store of value.
LIKELY TREND REVERSAL FOR BCCBCC just broke the key 925 support level while in a descending flag pattern. Likely trend reversal for BCC
BCH Up trend looking suspect The up trend from the $280 low has traced out three waves so far and is turning at a .618 fib level. This is typically a turning point for corrections. A further break down could indicate a long term zig zag unfolding and no new high for quite some time.
Bitcoin Short, but not over yet. Target $5200 then bounce.BCC seems to be taking strides and affecting BTC pricing. I've shifted some BTC into BCC for now.
Fibonacci 62% retrace from ATH is gives us a bounce at $5000, with a target buy price of $5200.
We also have a strong Ichimoku resistance/support shoulder at the same range around $5000-5500, which should help the bounce for a continuation upward after this minor correction.
Bitcoin Cash - 1k is comingHello Fellas,
I hope you didn't get shaken out by yesterdays event. It was noise and Bitcoin Cash now has completed its 4th Elliot wave.
We set sails for 1k now and then beyond afterwards.
There's now only 1 bitcoin that has an actual scaling plan for 50.000 TPS with graphene & 1gb blocks that'll be able to support the mass adoption Bitcoin needs to succeed.
By the end of 2018, BCH will be recognised as the current BTC ticker and Blockstream will have fallen.
