BCH/BTC: Here is a CRAZY PROJECTION !!!
I'll be darned! Here is BCH to BTC. It DOESN'T have a BEARISH pattern! I can discern a potential Cup & Handle pattern as drawn out below. But compared to ETH/BTC and ZEC/BTC, it is clean bullish! This has been one of the gut feeling I've had that Bitcoin Cash could become INVERSELY correlated to Bitcoin.
Here is my CRAZY PROJECTION:
Could ETH/BTC and ZEC/BTC be giving such ominous BEARISH H&S Patterns because BITCOIN will become SUBORDINATE to another CURRENCY? In that ETH and ZEC and other /BTC measurements will no longer be and rather, PERHAPS, it'll be to /BCH
If so, OH MY F@CKEN GOD!
To REITERATE, Here is ZEC/BTC and ETH/BTC Scary Charts:
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
there was a strange trend whereby volume for bitcoin cash was decreasing but the price was remaining the same - this seemed a little odd to me
I can't help but think China has something up its sleeve in relation to Bitcoin cash
there might be something true in it hmmm
Bitcoin had upgraded to SegWit but still have to Hardfork in November to double Block Size, currently 1MB to 2MB. Bitcoin Cash solved the blockchain bottleneck by increasing the block size to 8MB. TX fee dropped on BCC but not on BTC.
https://www.coindesk.com/block-494784-segwit2x-developers-set-date-bitcoin-hard-fork/
https://www.bitcoincash.org/
BCH > BTC
Sometimes crazy works!
So...buy BCH now?
Buy/Sell decisions must be self made. If you do buy, consider laddering in. I have posted on how to ladder entries in past blogs.