Bitcoin: 11/5/18

Yesterday's crypto advance put Bitcoin in a short-term uptrend, but positive momentum hasn't formed yet meaning that we likely only had a counter rally in the overall downtrend that price has been in for most of 2018. Yesterday's bounce also failed to change the mid-term and long-term trends which have been negative since early September. There is also no change in volume momentum/trend after yesterdays bounce, traders are remaining inactive overall this month. Yesterday's move up was nice to see, but was weak and seemed to only be led by the Bitcoin Cash pump as traders and hodlers begin accumulating Bcash ahead of the fork this month in order to get the free fork coin. Airdrops are fun if you like free coins, but the aftermath can wreck trading accounts once everyone who piled in to Bcash hit the exits after they get their free airdrop. Not a fan of Roger Ver or his shady marketing practices so hodling BCash for a free fork coin isn't a game that I'll be playing. There's only one Bitcoin and it doesn't end in "cash".