Cashwar/Hashwar! cash.coin.dance Bitcoin is losing difficulty (hash power) making it cheaper to mine, thus allowing miners to sell the price down and still make a profit! All the while Bitcoin Cash (ABC) and Bitcoin SV is pulling hash power, causing BCH to be mined for a loss. I'm not in favor of the SV chain, so I'm glad the ABC chain is longer, has more...
New low for 2019! Hashwar with BCH, lots going on and minor price action.
Just an update, lack of action lately. Certainly the calm before the storm. I will post 12/4/1 hour below.
8500 next target after retracement.
Highlighted all the moves based on trend with and against BTC in the bear or bull market.
Still could push higher before a larger correction, the last subwave 5 only hit the .5 Fibb Ext, may not be over. However if it corrects to the .5-.382 fib for the move from 5880-7300, then targets should be close to 8500 for the next larger subwave 3. Subwave 5 could take us close to 10k Ending major wave 3 retracing no lower than 8500 (unless subwave 3 fails)....
Is Reddcoin still a on track and competitive? Or will it dwarf in BTCs shadow?
Bottom close? Some targets for ETHBTC, will adjust if we go lower.
Looks like the bottom cycle worked.
Using fractals to help map out key levels, these are my predictions for the market.
Also looks like we found the bottom. Maybe the shorts will power a bull run when they get squeezed. Can't wait for that weekly cloud bounce. ;)
Look's like were going back up towards the trend line, may stop at the cloud/or the other indicators.
Yeaaaa. next target ~10k, then consolidate, consolidate, drop, consolidate, move up, consolidate, drop... ... ... move up.