Bitcoin Cash (BCH) Update: PURE HYPOTHESIS: Can BCH Move Inverse to BCT during its Wave IV correction?; Read about it in this blog!
For the past several days, I've been thought experimenting as to how Bitcoin Cash would behave if its cycle became non-phasic to that of Bitcoin, in other words, inverse to Bitcoin's price during its correction. Here is a pure thought experiment hypothesis of how EW count could conjecture such a scenario. Bear in mind, that this would require a solid confirmation of the inverse non-phasic relationship timing once Bitcoin does begin to correct. This means, Bitcoin Cash will have to start surging while Bitcoin was correcting to its Wave IV. BCH may not perhaps begin to surge right away, but first decline with BCT then either rapidly or gradually separate away and diverge. Also, given the now common place occurrence of the extended 5th waves for cryptos, I wouldn't be surprised to see that occur for BCH. Let's see what happens.
Please don't make this a trade...the non-phasic/inverse relationship between the two needs to be confirmed. I'll be posting updates on this hypothesis. It's just a hypothesis and nothing more for now.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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.
thx for sharing
BCH is getting pumped right now!
At least on Kraken
Any thoughts on Monaco and Bytom. I'm very interested in both and they have been going down a lot. I see great potential in them. So I'm waiting for a bottom.
Very deep. Your for sure on the trail of something.
I picture a mechanic listening to a engine, or a doctor with a scope you have to know what your listening to. Or @haejin reading charts.
Interesting..following
Awesome
Yes as mentioned i feel bitcoin cash had inverse correlation with Bitcoin. I worked on a lot of correlation analysis in my IB days. Very interesting to combine that with technical understanding. Perhaps later after the initial sell-off occurs this inverse relationship will take hold.
Does anyone know what the current state of hashrate mining power and difficulty BCH currently has ?
http://fork.lol/pow/hashrate
started out as a joke, but is still giving accurate data between btc and bch