Amazing Bull Run For Bitcoin Cash, Say No More... (Video)
Bitcoin Cash is really kicking some serious ass here. Today it is up 15% and at the moment I dont see any sign of fatigue as of yet. Here is the daily chart:
Comment: As you can see from the chart, we have almost gone parabolic here and the volume on Coinbase has been amazing, the highest ever. However, it is clearly lower on some other exchanges and I wanted to show you the chart from Coinmarketcap.com here:
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Comment: Here you can see that the volume was clearly higher in November, December and January, but Im still very bullish here at the moment.
Now, if we go back to the Coinbase chart, we do have 2 important resistance levels to look out for. The first one is the last major peak we had at 1615 and if we can get a daily close above that level, we can likely head up to the second resistance level as well, which is all the way up at 2400.
Historically, Bitcoin Cash bull runs have been very strong so I would not rule out a move to 2400 or perhaps even higher than that before we will hit the wall.
In the video Im also having a look at BCH vs BTC and that chart looks almost as bullish as the one versus the USD.
Happy Investing!
Above all my favorite thing to see is that BTC is pretty much stagnant while the rest of the crypto-sphere is moving up. I think we could potentially see BTC marketshare drop to 25% this year and by next year BTC would be just another coin. I'm seriously excited for Dash Evolution and EOS MainNet.
haha, yeah, BTC is weak against the others right now, it could go down to 25% but I do think that if there will be a financial crisis, BTC will likely become a safe haven and not likely tokens.
Dash and EOS are doing very well now, together will BCH, XMR and LTC
Unfortunately it seems that the governments are capable of maintaining the ongoing fiancial bubble for much longer. People have gotten stupider and more delusional and at this point I think we'd have to see a real scarcity in real resources to see this bubble pop. At least the MSM keep them hooked and as long as there is free stuff and food on the table, the bubble can be maintained. So basically things would be really really bad when the bubble pops. If it does pop, Cryptos will end up far outperforming Silver.
I like this your post