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BTC Pullback on the HorizonBitcoins been running up hot recently but it looks pretty clear we are running out of steam here which is nothing unusual, we are seeing a couple doji candles right now and they lean to the less bullish side of green candles, day isn't over yet though we could see a further decline in todays candle going into close. Remember though pullbacks are necessary and healthy for our overall structure, we have weak support at 44.5k which is pretty unlikely to hold so i figure the 0.3 FIB is a pretty likely target aswell as the next option that is, the 38k level which is longterm and strong, i doubt we would go any further than that. Looking at the MACD too we see that the blue MA is coming down on the orange and we are getting pretty close to a bearish cross, unless we get an unlikely bounce, the histogram aswell is coming down towards the midline and each bar has been getting less and less, looking like we could see a little bit of a red cycle here on the daily MACD. The RSI and Stoch RSI both are overbought and seem to be starting the return to the downside, what is key here for the regular RSI is that we don't drop below that midline and if we do we need to come back up shortly after, this is due to the fact that confirmed movement above this midline is considered in an uptrend and movement below is a considered downtrend, after the past couple months BTC and crypto don't need to go back into a downtrend lol. i personally think this pullback will be a last effort to shake out any weakhands before the return to the bull cycle! Not financial advice just my opinion!
COINBASE:BTCUSDShort
by JacobR905
Bitcoin Cash $BCHUSD PT 750Bitcoin Cash Bitcoin Cash is a different story. Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a segregated witness technology. They felt as though SegWit2x did not address the fundamental problem of scalability in a meaningful way, nor did it follow the roadmap initially outlined by Satoshi Nakamoto, the anonymous party that first proposed the blockchain technology behind cryptocurrency. Furthermore, the process of introducing SegWit2x as the road forward was anything but transparent, and there were concerns that its introduction undermined the decentralization and democratization of the currency. In August 2017, some miners and developers initiated what is known as a hard fork, effectively creating a new currency: BCH. BCH has its own blockchain and specifications, including one very important distinction from bitcoin. BCH has implemented an increased block size of 8 MB to accelerate the verification process, with an adjustable level of difficulty to ensure the chain’s survival and transaction verification speed, regardless of the number of miners supporting it. In 2018, the maximum block size for BCH was increased 4x to 32MB, but actual block sizes on Bitcoin cash have remained only a small fraction of the 32MB limit. Bitcoin Cash is thus 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. However, with the faster transaction verification time comes downsides as well. One potential issue with the larger block size associated with BCH is that security could be compromised relative to the Bitcoin network. Similarly, bitcoin remains the most popular cryptocurrency in the world as well as the largest by market cap, so users of BCH may find that liquidity and real-world usability is lower than for bitcoin. The debate about scalability, transaction processing, and blocks has continued beyond the fork which led to Bitcoin Cash. In November of 2018, for example, the Bitcoin Cash network experienced its own hard fork, resulting in the creation of yet another derivation of bitcoin called Bitcoin SV. Bitcoin SV was created in an effort to stay true to the original vision for bitcoin that Satoshi Nakamoto described in the bitcoin white paper while also making modifications to facilitate scalability and faster transaction speeds. The debate about the future of bitcoin appears to show no signs of being resolved.
COINBASE:BCHUSDLong
by UnknownUnicorn19246015
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