bch

cash Analysis
Bitcon cash or BCH is one of the most popular currencies on the crypto market.Most traders use it like an alternative of Bitcoin,but there are differences between BCH and BTC .Bitcoin cash has created a “hard fork ” of the Bitcoin blockchain which was in last year the creation of a variant of the original software. Coinbase initially suggested that it would not handle transactions in BCH. Later, the company said that it would begin supporting some transactions in BCH in January 2018 but then a short changed course by opening trading on December 19,the complained alleges.Coinbase Begins Fact-finding for Claims of insider Trading separating its Bitcoin Cash launch.Coinbase is a digital currency exchange came across a new lawsuit alleging that their employees and other related insiders have collected massive amount by trading on confidential information that the cryptocurrency exchange decided to support transactions in a Bitcoin offshoot called Bitcoin Cash.
The U.S. District Court for the Northern District of California filed in“The class action suit.” It appears to be the first filed in a federal court alleging insider trading-like claims over Coinbase’s announcement that it would handle transactions in Bitcoin Cash last December.The complaint says that insiders crowed the price of Bitcoin Cash, also known as BCH, by executing buy and sell orders moments after the move by Coinbase which is one of the largest cryptocurrency exchanges in the world.The action started the value of the cryptocurrency to raise-up by 200 percent in a while after trading opened on Dec. 19, the complaint adds. That forces Coinbase to briefly freeze the trading, while remaining Bitcoin Cash purchasers were forced to pay “artificially inflated prices that had been manipulated well beyond the fair market value of BCH at that time,” it alleges.The complaint clarifies that Coinbase CEO Brian Armstrong has openly accepted the impression of insider trading and promise to engage in an internal investigation, “to date, neither Armstrong nor the company has disclosed the result of its purported investigation.”Green & Noblin has filed a complaint which is based in Larkspur, California, and also by The Grant Law Firm in New York. An Arizona base resident, plaintiff, Jeffrey Berk, is who claims that his buy order for BCH was executed at roughly double the price as when he submitted it.However, Coinbase did not quickly respond to an email looking for comment about the lawsuit.Even if the complaint makes insider trading-like allegations, it cites California’s Unfair Competition Law and ordinary law negligence as causes of action likely because BCH is not currently regulated as security. The Commodities Futures Trading Corp. has said that Bitcoin is a commodity.In a blog post, a senior Coinbase manager stated that employees were informed about a month ahead of time that support for trading in BCH was coming. Those employees “were explicitly prohibited from buying and selling BCH,”he added. “All employees were also barred from sharing this information .

Bitcoin developers and users alike have been looking for a solution to the ongoing problems that have resulted from the rapidly growing interest and demand for the cryptocurrency and unsecured payments. August 2017 was seen as a big month for Bitcoin. SegWit was implemented on the Bitcoin network as a protocol which will allow the Bitcoin network to expand in order to accommodate surging customer and transaction interest. But so far, the protocol hasn't been widely adopted and hasn't made much of an impact. Now, the focus is on a "Lightning Network," which some developers have suggested could be a revolutionary change for the network.

The primary purpose of Segregated Witness was to provide itself as an on-chain scaling solution for Bitcoin as well as a fix for the issue of transaction malleability. Transaction Malleability refers to a ‘bug’ in the software of Bitcoin itself that allows users to change the ID of their transaction by altering the hash number of the transaction itself. While this has no bearing on the actual funds that individuals receive, it could seriously disrupt off-chain transactions, such as the oft-hyped Lightning Network.This was done by employing a change in the software that changed the block limit from a size-based limit, to a weight-based limit. This is somewhat hard to grasp conceptually, but it allowed them to artificially increase the capacity of the blocks.The Lightning Network (LN) has passed 1000 active nodes on its Bitcoin mainnet implementation, marking a major milestone for the scaling solution.

The lightning network is currently in the early stages althrough it is available for live public tests. It is expected to move toward becoming enterprise-grade in the upcoming months.

Last month was very uncertain for Bitcoin and Bitcoin cash because of the rumors for new SEC regulations on crypto exchanges like Coinbase and Binance.The banks and financial institutions are scared of blockchain technology but sooner or later they will be part of all entire market.After this fast correction probably the bulls would return back but it’s early for decisions before FED's upcoming meeting ,this week.If they keep the rates as expected the whales and banks will return in Bitcoin and Bitcoin cash very soon.

The support at 785 is very stable and strong because of trend lines and fibonacci pivots. The daily trend is still upward and there is no reason to be scared of bear market in next months.Fibonacci support at 50 precent retracement is around 1000 usd and day by day goes stronger.The european central bank also keeps low rates and this is positive for the crypto market.The upper move can be stopped at 4h resistance around 1300 usd and there might be price range around 1250-1300 .The actual price is around 1050. At the beginning of BCH in 2017 lots of enthusiasted traders bought around that price which can be the new support for the week(11.03-18.03.2018).Meanwhile Coinbase announced, that they will make their own ETF (exchange traded fund) based on crypto equities especially BCH and BTC.These are my expectations for the future price movement of BCH in the next few weeks.But like said everything will be more clearly after Federal reserve meeting this week.
If the daily resistance around 1580 breaks there is an upward potential of over 2300 usd per BCH.
This analysis isn't advice to invest in Bitcoin cash or other crypto assets.
Nikolay Sachanski.