So I decided to look at BCH today because I never follow it and I mistakenly read BTCUSD price as BCHUSD and immediately wondered how BCH caught up with BTC. Thankfully I was wrong. But looking at the daily chart, it's completely obvious that BCHUSD is in a Descending Broadening Wedge, which is a Bullish signal for Trend Reversal.
Refer to this website for statistics and buy/sell targets. How you interpret the signals is completely up to you. thepatternsite.com/dbw.html
My thought is we're either near a breakout, or we may fall again for the third touch at the bottom, before rising for a breakout. Either way, it seems like a good long position if you're going to hold for a few months.
BCH is going to do great this year, if not within the next 3 months. It will try to catch up to BTC. Maybe by the end of the year or in 2020 we could see parity. Unless BTC explodes like Hillary Clinton's mind did (and every other democrat) when Donald trump won the election. How do you lose a rigged election? I hope the public pushes for blockchain voting system or at least the return of paper ballots soon. Get the money out of politics, and gets rid of the direct election of senators.
For now, I buy crypto watching this ship sink is fun, but we're on this ship, no fun.
AussieCrypto1
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@Mikelikescrypto, Dude you don't have a clue. B-Trash in parity with BTC? Voting on the blockchain? Hahaha you clearly don't understand blockchain and just think its is like a censorship resistant ledger when in fact only Bitcoin has those qualities. A blockchain can be centralized and 99% of them are with companies and faces behind them! Why do you think Satoshi is annonymous? You think Banks are going to just roll over and take this? People printing there own money? Hell no, regulation will come in just like with ICO's and the only crypto in existance that cannot be shutdown or centrally controlled is Bitcoin. I'm sure the government would happily throw Roger Ver back in Jail lol. So how does a centralized blockchain in voting fix anything?? Yeah it's permanent and cant be changed but its still has a central point of failure. It would be worse having voting on the blockchain. You think about how you can prove your identity on it and then think about double voting. How does blockchain get money out of politics? It aint on the voting side LOL, The money in politics is where leaders get money to advertise their agenda from large companies and as soon as they win, these companies expect (have an understanding) that the politician will pass bills and laws to benefit said company that payed for the campaign.. Blockchain does not stop this.. Honestly, people call it B-trash for a reason. Look at the 12months plus research from microsoft and tell me that the 1 moron developer for B-trash is smarter and more correct than a team of fucking geniuses. Mirososft conculded B-trash will not scale and segwit/off chain scaling is needed to even get close to visa/mastercard.. Please do some more research before spreading such garbage.
Mikelikescrypto
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@AussieCrypto1, you just called BCH, Bitcoin cash, btrash, what you think bcore is with it's high fees and new ownership, is that going to do well? Sorry you bought into the fork.
Whatever you do, don't listen to this guy. As you can tell, he's not very smart. Do you own research and stay away from that echo chamber called r/bitcoin.
AussieCrypto1
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@Mikelikescrypto, New ownership? Are you high on crack? No one owns Bitcoin you idiot. I love it when people say "do your research" when they clearly havent.. Get off your knees and give Roger Verr's cock a rest aye?
For now, I buy crypto watching this ship sink is fun, but we're on this ship, no fun.