What happens to the price of a Bitcoin Cash in the day of hard forks? The answer is on the charts
Source:
Each hour location along with a line of $ 500 increases the chances of falling . Recall that tomorrow will be an important event in the life of cryptocurrency — there will be hardwork BCH. It is possible that up to this point the growth will continue, but until the main fork of Bitcoin trades did not give a clear idea about the future.
The Overall situation looks like this:
the-
the
- BCH can not break through the resistance zone at $ 540; the
- for the 1-hour chart formed a down trend, now the price of the asset is slightly beyond; the
- cryptocurrency has a very good chance to sink below $ 500.
At the moment, Bitcoin is trading Cash at 522 dollars. In the past 24 hours the rate has increased by 2.6 percent. Market capitalization is of 9.12 billion dollars, while the daily trading volume exceeded billion.
theTechnical analysis
It Seems that the expectations of hard forks gradually lose their relevance. Cryptocurrency is not growing, which means soon the bears can take the situation into their own hands. A couple of days ago cryptocurrency failed to break the resistance line at $ 530, now it is again going to test the line. If penetration does not happen, the asset will fall again to $ 500.
The Second major barrier to Bitcoin Cash — 100 SMA on the 1 hour chart. At the moment she runs in the area of $ 540. According to NewsBTC, to confirm the signal to long the asset must pass this obstacle with large trading volumes. If it succeeds, you should open a short position with a stop loss at 545 dollars.
image Source — NewsBTC
The Rollback is confirmed by technical indicators. MACD (on the scale of 1 hours chart) is in a bearish zone. RSI is also moving down, so the hopes for growth yet.
Subscribe to our cryptcat, here you can find a even more promising .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Why Bitcoin is a very important concept? The businessman
So says one of the most prominent supporters of Bitcoin entrepreneur mark Andreessen. Recall, he was one of the first who said about the potential of cryptocurrency in public. In a recent interview, cryptomnesia noted that the ind...
Ripple in a consolidation phase. When the coin will start to grow?
October is over and with it ended «the era of market wins» Ripple. After several sharp price swings cryptocurrency trading found your channel and can't seem to leave. Now the price of the asset goes to the narrow gap. To...
Section of power in Bitmain. Jihan Wu removed from the post of Director
According to one of the thematic Chinese news agencies Sanyan Blockchain, co-founder of mining company Bitmain is no longer able to influence corporate decisions. Citing an unnamed source "financial news", the reporters quote a la...
You can not compare Bitcoin with banks the speed of transactions. Why?
the network Board of the Bitcoin miner will be the same no matter transfer you a hundred dollars or a million. On October 16 in the blockchain of Bitcoin has registered a virtually instantaneous transaction with a volume of 194 mi...
All ready: which stock exchanges and wallets will support hardwork Bitcoin Cash
earlier, we wrote about how the holders BCH to the upcoming split of the blockchain cryptocurrency and in detail told about the . This time we will gather the names of the platforms, where does one store their coins from the proce...
To the moon: CEO of Ripple spoke about the desire to overtake banking network Swift
a Blockchain startup Ripple Labs, digital money which is often used as a buffer for payments in other cryptocurrencies, is rapidly gaining a customer base. Behind the scenes of the event in Singapore, the company's CEO told Bloomb...
2 thousands of confirmations of the transaction. It is not necessary to trade on Poloniex
the Agency CCN found out that the crypto currency exchange Poloniex to deal with Bytecoin need too much time. The journalist decided to speculate in cryptocurrencies before, and this used the savings in Bytecoin and other currenci...
Analyze charts: what will happen to the price of Bitcoin after a Bitcoin hard forks Cash
seems to not render almost any influence on the price of Bitcoin. It remains stable, like a few months ago. However, some experts suggest that after November 15 the new money will flow into Bitcoin. If this really happens, the ma...
Grow: the number of cryptomate in the world has increased to 4,000 pieces
One of the most accurate signs of mass adoption of Bitcoin — the prevalence of cryptomate all over the world. On the eve of their number reached 4,000 pieces. ATM for Bitcoin can make the crypt more accessible to ordinary people w...
Bitfinex has increased the fee for withdrawal. Now exchange is not profitable PayPal
to Convert the crypto to Fiat is not cheap, at least on Bitfinex. This Sunday the Hong Kong stock exchange updated its policy regarding commissions. Now traders will have to pay three percent of the frequent insights from the trad...
Hasrat of Bitcoin fell by 13 percent. Blame "Satoshi"
on the Eve of Hasrat Bitcoin experienced the most serious decline in this year. In just 24 hours it has dropped from 54 to 47 aksaka per second. The average value Hasrat 7 days start to decline rapidly from 4 November. The exact c...
The investigation into the hacking NiceHash. There are new details
NiceHash, along with law enforcement US, EU and LIFARS are still investigating the break-in site, which happened on 6 December 2017. Then the hackers stole . Recently, they have been able to determine the origin of the hacking, so...
NEM has grown by 25 percent. The cryptocurrency has again added to Coincheck
In the vastness of the stock market held a regular pump. This time the coin for became the New Economy Movement (NEM), which is displayed under the Ticker XEM. Just a couple of hours the price of bitcoin has increased by 25 percen...
Resourceful miners found a way a substantial reduction in price bitcoin mining
bitcoin is always fraught with honest costs in terms of money and environment. Representatives of the Northern Bitcoin claimed that they managed to reduce the costs due to inactive metal mining mine in Norway. The company expects...
"The first cryptocurrency state" Detention was 100% Scam
Our work draws on all sorts of adventures, which promise untold riches. It would seem that only died down a funeral volleys -2011, 2012 and even MMM-Global, as everyone rushed to get into a new one . We never stopped believing dou...
FAQ: everything you need to know to the beginner about cryptocurrency exchanges
the crypto currency exchange is the natural habitat of the majority of investors and traders in digital assets. According to Coinmarketcap, their number has already exceeded 15 thousand and continues to grow every day. Today we wi...
Anonymous bought a million litecoin. Now he owns the biggest LTC wallet
last week, the Litecoin network has processed one of the largest transactions in its history. Someone bought 1.15 million coins LTC totaling $ 61 million. It is noteworthy that amounted to only 50 cents. The news appeared on Twitt...
Joe Lubin: on the distribution of the blockchain will take more time than on the Internet
Creator and co-founder of Ethereum Joe Lubin told the journalists of the German t3n resource about the similarity of development of blockchain and . However, the situation with the first technology is a bit more complicated, so th...
Comments (0)
This article has no comment, be the first!