Some people already know this but I'm going to post this anyway cause I know ya'll curious why price is going down. So just moments ago tether announced they have lost 30 million usdt to external "hacker". Prior to this incident there were sources reporting Bitfinex got cut off by the banks and when their users requested withdrawl from the exchange, they couldn't...
BTC and BCH charts mirror eachother strongly which shows that people are trading one coin for another to multiply their holdings. Yet Despite BTC's recent growth BCH seems to be holding it's price quite well which means not everyone is dumping their BCH for BTC. Although the price gap between the pair seems to be widening perhaps BTC's growth also helped BCH's...
The bulls are on steroids. Brought price back above 7.5k after a double top. Things could play out in many different ways from here wait for confirmation!
The cup and handle is a pretty typical formation after a pump and dump/hype and crash situation. As we have seen BCH has a steady ground on the 800 mark, and now it's reversing the trajectory. Conversely BTC is dropping at the moment probably for a long overdue consolidation or a short to 6.5k. If BTC is really correcting then for certain BCH will reach 3k or...
CME pump is over, media cooling off, testing new height. high risk and possibly high reward. To be safe, go short. Btc charts have strong relationships with other cryptos check eth charts for comparison.
There are a lot of patterns on the big chart that seem to repeat themselves a couple times. BTC is beyond the paradigm shift in trading. It's mind boggling to see how far it has come and just looking at that near straight line on the overall chart is quite a view. All it takes is one more negative news and tower will collapse.
Based on the history of bitcoin after negative news btc always drops to consolidated value. It's no different with the segwitx2 cancellation, it's just this time the consolidation has past it's initial low point and is now moving towards the second phase. There seems to be a nice upward triangle wedge every time after initial low. And the total recovery time from...