BCH-Coinbase-Fork Aftermath-Part 2
Updated
BINANCE:BCHABCBTC
BINANCE:BCHSVUSDT
BCHUSD
The hash war continues...
HODL/Accumulate
Can't give BCH a buy until we find the real committed hash to each network.
Hopefully this will be over sooner rather than later. Let the markets to decide.
I think it is personally foolish to assert a ticker symbol after a few days especially when there is a dispute in the community. But I digress, This analysis is to track Coinbase BCH.
The Fork:
Levels:
Fib Time:
Now, Trying to bottom with Fib Time Ext.
Expecting a spike back to previous levels. But, uncertainty can cause us to go lower if this hash war continues.
Will update.
-AB
BINANCE:BCHSVUSDT
BCHUSDThe hash war continues...
HODL/Accumulate
Can't give BCH a buy until we find the real committed hash to each network.
Hopefully this will be over sooner rather than later. Let the markets to decide.
I think it is personally foolish to assert a ticker symbol after a few days especially when there is a dispute in the community. But I digress, This analysis is to track Coinbase BCH.
The Fork:
Levels:
Fib Time:
Now, Trying to bottom with Fib Time Ext.
Expecting a spike back to previous levels. But, uncertainty can cause us to go lower if this hash war continues.
Will update.
-AB
Note
Despite being a leader in the digital currency space, the exchange has left investors in the lurch for days as their portfolios bleed. While listing the second chain is undoubtedly risky, failing to reactivate trading entirely has cost investors far more than BSV going to zero.We reached out to Coinbase for information on the Bitcoin Cash timeline but did not immediately receive a reply.
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According to the announcement, trading of Bitcoin Cash SV is not expected to resume any time soon, or maybe at all. <- This is not acceptable from a crypto exchange ‘leader’. Given the fact that other leading exchanges have already given their respective BCHSV to users.Note
Most likely litigation will insue against Coinbase if they continue to provide insufficient information in regards to their customers BCHSV.Note
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Price-Action still holding spiral...
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Users who filed a class action lawsuit against U.S. cryptocurrency exchange and wallet provider Coinbase will now go to court Jan. 31, 2019, new court documents filed Nov. 20 confirm.Note
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Breakout could be imminent...Note
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Leading Diagonal above...Anticipating breakout...
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A lot of pressure building...
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Coinbase BCH is not a pretty chart...Note
Did Coinbase make the right decision?Note
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Most likely a lot of users pulled money from Coinbase into wallets. Now, since they see that Coinbase is being political about the fork and is not offering support for BCHSV they moved to other exchanges like Binance and Poloniex. A large majority of the crypto community despise politics and Coinbase’s actions have a deep stench of bias. We will see if Coinbase will remain a popular exchange.Note
Coinbase and other exchanges who prematurely labeled BCHABC as BCH better pray that the majority of miners do not point their hash power towards SV. These exchanges will face extreme losses which could end up putting them out of business.Note
The responsible action would have been to assign new tickers to the chains such as BCHSV & BCHABC.Note
Bitcoin Cash is currently 33.1% ahead on proof of work.Both Bitcoin Cash and Bitcoin SV chains are at the same height.
Doomsday clock for exchanges....
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Current Hash: 49% to ABC
51% to SV
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Broke the spiral...Note
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How long until Coinbase gets a new CEO?Note
BCHABC hit my target of 170. Hopefully these idiots will start using common sense and think about what damage they are doing to the community.
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Please visit my ananlysis BCHABC - Wave Failure.Note
Bitcoin SV is currently 26 blocks ahead and BCH is 26% ahead in Proof of Work. Doomsday clock for exchanges that decided to be political about the fork...Note
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Hope that Spiral holds...Note
3min shows hope...Micro-Wave:
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According to the filing, Coinbase listed the newly forked BCH without notice, after it had previously tipped insiders and employees. While regular customers rushed to place their orders, trading of BCH was halted. The existing open orders belonging to regular customers were only settled after the halt was lifted and the BCH price had already spiked. This allegedly caused substantial losses to the plaintiffs, who are now seeking for restitution from Coinbase.Note
FBI to Investigate Coinbase’s Misconduct?The amended class action follows only a month after the U.S. District Judge Vince Chhabria dismissed Jeffrey Berk’s lawsuit against Coinbase for violating insider trading policies. Plaintiffs were then given a 21-day period to file an amended complaint and Coinbase will now have to respond to the allegations by December 20, while the initial hearing for the case has been set for January 31, 2019. A source told blokt that FBI may be involved in investigating Financial Crimes being committed by Coinbase, but this claim is yet to be confirmed.
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Pressure building against Coinbase...Note
Plaintiff Nathaniel Pyron told blokt:“The Coinbase trading platform is flawed with algorithm manipulation with Coinbase trading there [sic] own funds while doing so. The FBI may be involved investigating Financial Crimes being committed by Coinbase. “
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I suspect you will see more C-Level departures from Coinbase soon.Note
I will be moving all my coins off the exchange as soon as my BCHSV is unlocked.Note
Need to hold $150...Note
Flat Correction indicatedNote
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COINBASE BCH (BCHABC) death watch...$140 is a key level....Note
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COINBASE...Watch for Negative news....
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COINBASE will be in serious trouble if BCHABC fails...Note
COINBASE is in deep sh*tNote
Please Visit newest idea: BCHABC-DEATH WATCH
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