Bitcoin technical analysis #25 - The 'no trading' zone + BCH waking up

in #bitcoin7 years ago

Hi guys, little update on Bitcoin (BTC) here.

For this video I use the BTC vs USDT one hour candles from Bittrex

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Thank dobe, will be waiting for your BCC in case you have an opportunity.

Thanks for update valuable info

I really think people should not buy BCH. It's a scam and I think the charts were about to reflect that. Nobody mines it. I think this is just price manipulation to get people excited, then whoever is behind it will sell and never look back. Long term this is not viable and will go to zero.

But I could be wrong!

Still, there are better plays than chasing breakouts. It's way too risky to jump on this train.

how do you mean a scam?

It is not a real improvement, it's an attempt to centralize it. Now they are already talking about a new fork/scam. I think the pushers of it are giving up and rigging a rally to get out and then it will drift lower forever.

It was based mostly on Tone Vays's research not my own. I'm sure he researched it better than I could

Hi I like Tone Vays as analyst but all he says about Bitcoin cash is just not true. Tone also called Ethereum a scam... he is missing out in so much profits because of his political views on everything other than BTC... Just saying.

Do you leave your money in USD when you sell? Do you buy a different alt coin?

Hi I usually put it into USDT on bittrex or sometimes altcoins if they are going up. yesterday I had it in Bitcoin cash.

dobe4ever: What do you think about Bit20?

I had no idea about that one, thanks for letting me know. I guess we will have to wait and see if people actually use it. No volume so far.

Thank you very much for this very valuable sharing, once again.