BCHUSD.P trade ideas
BCH / USD Main trend. Channel. 1 week.Main trend. Term 1 week. From the breakdown of the big triangle, the pumping is more + 500% Rollback. As a result, a channel was formed. Work in it. The potential is very significant.
Under the idea, I consolidated my ideas of working on this coin over the past year, both medium-term and local in nature.
BCH/USD Mid-term work in the channel.
BITCOIN CASH U.S DOLLAR BEST PRICETHE HISTORY OF BITCOIN CASH
In October 2008, Satoshi Nakamoto published the famous whitepaper entitled “Bitcoin: A Peer to Peer Electronic Cash System”. In 2009, he released the first bitcoin software that powered the network, and it operated smoothly for several years with low fees, and fast, reliable transactions.
Unfortunately, from 2016 to 2017, Bitcoin became increasingly unreliable and expensive. This was because the community could not reach consensus on increasing the network capacity. Some of the developers did not understand and agree with Satoshi’s plan. Instead, they preferred Bitcoin become a settlement layer.
By 2017, Bitcoin dominance had plummeted from 95% to as low as 40% as a direct result of the usability problems. Fortunately, a large portion of the Bitcoin community, including developers, investors, users, and businesses, still believed in the original vision of Bitcoin -- a low fee, peer to peer electronic cash system that could be used by all the people of the world.
On August 1st, 2017, we took the logical step of increasing the maximum block size, and Bitcoin Cash was born. Anyone who held Bitcoin at that time (block 478558) became an owner of Bitcoin Cash (BCH). The network now supports up to 32MB blocks with ongoing research to allow massive future increases.
BCH Bitcoin Cash: 1D & 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1D and 1M linear scale chart for Bitcoin Cash (BCHUSD).
See the Bitcoin Cash price on the 1M (left chart) and 1D (right chart). On the 1D chart there is a ascending triangle bull flag forming with the measured move around the 0.50 Fibonacci Retracement area (on 1M chart). 200 SMA, RSI, and Ichimoku Cloud are included in the analysis.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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Bitcoin Cash 1W: Long-Term Bullish Scenario (+872% Potential)👋 Hello and welcome traders to another trade idea with SunnyHillCapital
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