BTC v BCH & BTG Price Comparison Chart

This chart is to track the progress of the three coins and to understand the (strictly occasional) inverse relationship that BTC is now developing with BCH and BTG.

No trading advice here. Take your own risks. This relationship does not always work.

Note

The reason behind the 3k dip in BTC price:

coindesk.com/report-bitcoin-derivatives-banned-south-korean-government/

Note

coindesk.com/threat-bitcoin-futures/

To me right now both BCH and BTG appear to be the best buys. There are more people who will bet on BTC 'futures selling' now that the prices are already sky high. If this inverse relationship lasts, then BTG and BCH should theoretically benefit from it. Once again, these are my personal views.

Note

There is a massive arb between GDAX and all other major exchanges. can be used once for quick profit over the next 36 hours at most I think.

BTC, ETH and LTC are all priced higher, and this is due to the lay man who knows probably nothing apart from 'BTC is going to get higher because of the futures listing at CBOE, so will ETH and LTC' mentality perhaps.

Also, with regards to BCH, when BTC starts to fall, BCH should benefit. Also BTG in my view. BCH will be credited to users accounts holding BTC at the time of the fork in July/August 2017 at Coinbase/GDAX. Trading is expected to begin at the same time. This should have an effect on the prices too.

Note

next (and hopefully final) BTC wave down incoming... (I think)

imgur.com/a/WnabR

Should be all over by 11:00 p.m. GMT, hopefully sooner. Target is 50% fib line.

MACD is the key here....

Note

If my calculations are correct, BCH should rise to $6200-$6500 level. BTC should come down to 50% Fib level (i.e. between 5400 and 19900 - Bitfinex charts).

BCH will hence achieve 0.5 BTC value. Anything above it will be a bonus. That will be the time to switch from BCH to BTC.

Just an idea. Just like my friend qdoc says, do your own due diligence.

Note

Change of position.... BTC (blue line) vs BCH (red line). You can compare with the charts above.

Note

BCH has been added to Coinbase and GDAX. Currently in 'post only' trading mode. If you are registered, then wait for an email from them.

UnknownUnicorn995432

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.