Still trying to wrap your head around Bitcoin Cash? Learn how it works, where to get it, and whether it's going to make you money. Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted. Bitcoin Cash (BCH) leaps $450 in price in 90 minutes, sporting a new market cap of $39.1B. Bitcoin Cash (BCH) Website: Bitcoin Discussion /r/BitcoinCash is for discussion focused on Bitcoin Cash (BCH) news, information, and. The price of Bitcoin Cash is fluctuating wildly just days after it was minted – a trend expected to continue as bitcoin users face difficulty accessing their BCH.

// -- Discuss and ask questions in our. Early-Stage Volatility BCH price discovery was off to a rocky start on Tuesday, with volatility extending throughout the week. Values peaked at $756.93 on Wednesday before crashing below $400 during the same session. BCH was last down 22% near $373.00 for a market cap of roughly $6.2 billion. Hash Power Remains Low Low hash power is one of the bigger problems facing BCH. This has resulted in slow confirmation times that often stretch several hours.

Although this issue will likely be resolved over time, it could be several weeks before blocks are found at lower intervals. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. -- // Speculation of collusion is widespread, with some users arguing that miners are purposely creating no blocks for hours at a time. Difficulty Accessing BCH Accessing BCH deposits remains a chief concern for many investors since most exchanges have not supported the new currency. Users have also been warned about withdrawing their BCH from cryptocurrency wallets given the security implications of doing so. Users who spend from a BCH address do not reveal their private key, but do give up their public key. This is not the case with a bitcoin address.

Is perhaps the most prominent cryptocurrency exchange to refuse Bitcoin Cash. It has drawn the ire of disgruntled members who are demanding to trade or withdraw their BCH token.

Together, they’ve threatened Coinbase with a class action lawsuit. Bitcoin Prices Stable Bitcoin has defended its since the August 1 fork, with prices showing remarkable stability in comparison with previous months. The BTC/USD exchange rate broke above $2,800.00 on Friday.

At present values, bitcoin is capitalized at roughly $46 billion. However, some analysts say bitcoin could be in for greater volatility as the full effect of the hard fork materializes.

This could occur once BCH deposits are enabled. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom. Best regards, Jonas Borchgrevink.

Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. ( 0 votes, average: 0.00 out of 5) You need to be a registered member to rate this. // -- Discuss and ask questions in our. That are rooted in the historic late-year run-up in the segment are mostly to be blamed for the current trends, but now the long-term charts are oversold the short-term momentum is also getting stretched, so a durable bottom is likely very close. That said, short-term traders, especially using leverage, should remain cautious of volatility, and are vital in the current environment for such strategies.

BTC breached the $8200 support level in early trading today, and now it’s likely headed for an near $7650 that we have been monitoring throughout the correction. Should the crash spike below $7650, further support zones are between $6800-$7000 and $5750-$6000. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. -- // BTC/USD, 4-Hour Chart Analysis Ethereum gave up its short-term relative strength, as we expected, and the coin is still likely headed below the prior crash lows, being in an earlier phase of the correction than the rest of the majors.

Below that $740-$750 zone, key levels are at $625, $575, and $500, and traders and investors alike should wait before entering positions in ETH. ETH/USD, 4-Hour Chart Analysis Altcoin Bloodbath LTC/USD, 4-Hour Chart Analysis With the total market cap of the coins falling almost to $350 billion, there is no real hiding place from the decline in the sector, and all of the majors are getting crushed. Litecoin is headed to $100, Ripple is near the $0.68 support, Dash is at $500, with 60+% losses now across the board top-to-bottom. While it’s impossible to pick an exact bottom in such an environment, and panic selling and liquidations could still continue, long-term investors could add to their positions at the current levels. Stay tuned for our detailed technical analysis later on today. Featured image from Shutterstock Disclaimer: The analyst owns cryptocurrencies. He holds investment positions in the coins, but doesn’t engage in short-term or day-trading, nor does he hold short positions on any of the coins.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom.

Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service.

Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. ( 16 votes, average: 4.88 out of 5) You need to be a registered member to rate this. // -- Discuss and ask questions in our. Most of the altcoins are also sporting heavy losses, with double-digit daily declines across the board. Correlations remain very high in the segment, with Ethereum’s continued relative strength being the only major outlier, while to some extent, NEO, Ethereum Classic, and Stellar are also holding up better than average.

Bitcoin is still not oversold from a short-term momentum perspective, but given, our trend model shifted from sell to neutral thanks to today’s plunge. Although further losses are still likely, a durable bottom could be close in time, and investors could still accumulate the coin near the main support levels at $8200 and $7650. Traders could enter smaller positions near those levels too, but volatility is expected to remain high, so risk management is still critical, as a “flush-out” liquidation event could happen to end the cycle. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace.

-- // BTC/USD, 4-Hour Chart Analysis Ripple is showing signs of early relative strength today, as it is holding up well above the crash low near $0.85 following today’s breakdown. A test of that level is still likely, and a spike below the lows could even carry the coin back to the next main support level at $0.68, but the long-term setup points to a durable bottom soon, and investors could add to their positions during the current leg lower. XRP/USDT, 4-Hour Chart Analysis. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade.

Read our Terms & Conditions. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate.

Failed Trade Recommendations should not be rated as that is considered a failure either way. ( 16 votes, average: 5.00 out of 5) You need to be a registered member to rate this. // -- Discuss and ask questions in our. Key points • A fall to the 200-day EMA has proven to be a good long-term buying opportunity in the past two years. • Traders can buy 25% of the desired allocation around the $8900 levels and keep a stop loss of $7400.

• Averaging down is not a good trading practice. Hence, fresh positions should be avoided if the price breaks down and sustains below the 200-day EMA. What is our track record in picking tops and bottoms? Calling a top is a very difficult task. We tried to call a top in Bitcoin on two occasions.

The first call on proved to be wrong. We had expected a dip of about 30% from the highs to about $7,000 but Bitcoin only dipped to $8595.95 levels on November 29 and that too only during intraday. Thereafter, Bitcoin continued its incessant run and we again made a call of a top on, when it was trading just above $16,000 levels. The virtual currency topped out at $19891. Should I Mine For Ubiq UBQ. 99 levels on December 17. This call proved to be very close to the top.

Traders who sold following our call would be sitting pretty with enough money to invest at lower levels. So, is Bitcoin a good buy after falling more than 50% in about a month and a half? // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace.

-- // Where should traders start buying? In end-2015, the price broke above the 200-day EMA. Since then, there have been five dips to the 200-day EMA, which have proven to be a good long-term buying opportunity. Currently, the 200-day EMA is placed at 8898. We believe that a retest of this level is likely to attract long-term buyers once again. Traders should wait and watch for about 4-hours to see whether the level is holding or not. If the level holds, 25% of the desired allocation in Bitcoin should be done around $8900 levels.

The SL for this purchase should be kept at $7400 levels. Remaining positions can be added when the cryptocurrency confirms a bottom. We have used a log scale to fit the chart within the scale.

What are the supports in the short-term? The current pullback is close to the 78.6% retracement level of the latest leg of the rally. We believe that the zone between $8900 and $8600 will act as a strong support zone. However, if the bears breakdown and sustain below the 200-day EMA for three days, it will indicate weakness. The next level on the downside that can offer some support is $7500 to $7800. We don’t advise averaging down. Traders should hold all their purchases as long as Bitcoin remains below the 200-day EMA.

Long positions should again be initiated once the cryptocurrency confirms a bottom. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom.

Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service.

Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. ( 28 votes, average: 4.93 out of 5) You need to be a registered member to rate this.