Bitcoin Cash Price Update - Another Down Day, Will It Continue?
Bitcoin Cash fell again today, so the big question comes, will this continue? Well, lets have a look at the daily graph:
Comment: We can see that the fall has slowed down a bit, we did not make a lower low today and we do have a trendline to look out for. We are right not at that specific trendline, and if we will close above that trendline today, I do think we could move higher again.
However, at this time, Bitcoin Cash is specifically competing against Bitcoin and therefore, there is another way of looking at this and that is the mining profitability. Go to this sight:
www.fork.lol
Here is a screenshot:
Comment: Here we can see that right now it is more profitable to mine Bitcoin (yellow) but Bitcoin Cash (blue is catching up again. This is a good site that does update by the minute so you know whats happening in the background.
Happy trading!
I've been following www.fork.lol for some time and I see many green flags. Maybe BCH will have 1 more down. If it does go down I'm buying. Hopefully if it does go down it'll get to $1000 cause that'd be a steal.
Happy steeming Everybody!
it is a good site, now it has shifted again so this could be crucial:
https://imgur.com/a/MPKnz
A friend told me that Palm Beach Confidential finally recommended BCH. The fundamentals have changed after the hard fork. BCH is the most profitable coin to mine according to https://www.coinwarz.com/cryptocurrency?sort=profitusd&dir=desc
So we may soon see some bull volume.
yeah, i read that as well about PBC, I think they have around 50000 paid subscribers so for sure, that would inject some money in the system for the long term
50K for PBC alone! that's crazy because it's one of the high end newsletters. Seems you are very well informed :-)
May be it will stop down price. Then after some day again increase Bitcoin Cash.