BitcoinCash will crash
Updated
Bitcoin Cash (BCH) experienced a serious mining anomaly today. The network failed to produce a single block in a five-hour period and it didn’t even cause a significant transaction backlog.
***Bitcoin Cash usage is still lagging, show the latest blockchain event, where miners were unable to discover a block for hours. The Bitcoin Cash network returned to regular block production as of 8:00 UTC on Thursday, with a five-hour gap in block production. The event happened after block 620025, and the next block number, 620026, took more than five hours to discover and propagate.***
Are this opportunity for miners to change the game ? To share Mining power to some other networK? Jes it is, if this block lag continue the price will fall down 100%
Short I starts form 395-385
Short II starts from 375-370
LASTCHANCE starts from 355-345
Target price is 300-290
**STOP IT IF PRICE BRAKE 400**
This is not financial advice this is just idea
***Bitcoin Cash usage is still lagging, show the latest blockchain event, where miners were unable to discover a block for hours. The Bitcoin Cash network returned to regular block production as of 8:00 UTC on Thursday, with a five-hour gap in block production. The event happened after block 620025, and the next block number, 620026, took more than five hours to discover and propagate.***
Are this opportunity for miners to change the game ? To share Mining power to some other networK? Jes it is, if this block lag continue the price will fall down 100%
Short I starts form 395-385
Short II starts from 375-370
LASTCHANCE starts from 355-345
Target price is 300-290
**STOP IT IF PRICE BRAKE 400**
This is not financial advice this is just idea
Trade active
BCH stood at $378.09 just as it entered the chart for January 30. The cryptocurrency continued its decline until it reached $372.88, where it marked the day’s low. The trading pair saw retracement, and the price moved towards the $390.00 mark, after which it retreated between the $380.00 to $387.00 trading range. The cryptocurrency saw another incline towards $393.25 US Dollars at 16:26 GMT, after which it immediately returned to $381.03 US Dollars.At 16:55 GMT, the trading pair’s price line was led across the $395.00 mark and it marked the day’s high of $398.99 US Dollars. The cryptocurrency closed trade at $392.62 US Dollars.
***The 20-Day Exponential Moving Average (EMA) closed trade at $392.40, while the 50-Day Moving Average (MA) has a closing value of $392.43. The third technical indicator, the Relative Strength Index (RSI), stood at 50.75 on the scale at the end of the day ***
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