Bitcoin: The Cashening
Updated
Fundamentals:
Bitcoin -6.95% Core is dying a slow death as morons continue to debate the situation of fees and transaction times. The solution has been here for months and its called Bitcoin Cash 23.58% .
All you have to do is compare two transfers on each chain and your logic will shift in a matter of minute. BTC $30 USD vs BCH $0.02 USD. Not only is Bitcoin Cash cheaper to send, but you will be able to send multiple transactions in the time it takes to send a single Bitcoin Core transaction.
Over the last couple of days, it appears the masses are starting to take notice of these fatal flaws in the Bitcoin Core SegWit upgrade path. As a result the value held in Bitcoin is flowing to Bitcoin Cash.
Technical Analsys:
A complete Elliott impulse wave set has completed over the last month and we will now follow through with an ABC corrective wave.
Expecting first bounce and H&S baseline to confirm , around $14,300 USD. Following the bounce - the next supports should fail and I will be looking to buy at around $11,000 depending on the Bitcoin Cash 23.58% situation at that point in time.
Bitcoin -6.95% Core is dying a slow death as morons continue to debate the situation of fees and transaction times. The solution has been here for months and its called Bitcoin Cash 23.58% .
All you have to do is compare two transfers on each chain and your logic will shift in a matter of minute. BTC $30 USD vs BCH $0.02 USD. Not only is Bitcoin Cash cheaper to send, but you will be able to send multiple transactions in the time it takes to send a single Bitcoin Core transaction.
Over the last couple of days, it appears the masses are starting to take notice of these fatal flaws in the Bitcoin Core SegWit upgrade path. As a result the value held in Bitcoin is flowing to Bitcoin Cash.
Technical Analsys:
A complete Elliott impulse wave set has completed over the last month and we will now follow through with an ABC corrective wave.
Expecting first bounce and H&S baseline to confirm , around $14,300 USD. Following the bounce - the next supports should fail and I will be looking to buy at around $11,000 depending on the Bitcoin Cash 23.58% situation at that point in time.
Trade closed: target reached
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