jdharward
Long

BCH Pump #2 imminent - Pause in rally explained

BITFINEX:BCHBTC   Bitcoin Cash / Bitcoin
This is really an update to my previous chart just after the rally.

There is a war going on between BTC             and BCH. BCH is going to win however.

Chart: Nice breakout wedge forming and narrowing!

Key support levels of .21 and resistance of .29 due to massive sell walls at .30 designed to prevent BCH from going higher. Read on:

Here's what's going on!

1) "Whales" sich as Roger Ver are in the process of moving "YUUUGE" stacks of BTC             (think 25K             plus BTC             ) in order to sell .
2) Currently, there are around 175,000 unprocessed BTC             transactions on the network. Users are experiencing in excess of 24 hour wait times on their BTC             .
3) This thing is largely driven by Asia and their largest exchange crashed last night causing the crash in the first place.
4) Massive sell walls erected at .30 across multiple exchanges. These sell walls are meant to prevent the price of BCH from advancing beyond .30 while Whales like Ver wait for their BTC             to show up and dumping to commence.

BTC             Longs - this is the eye of the storm but the calm is only temporary.

Keep an eye on the order book for the cancellation of sale wall orders. Once those walls are canceled, the flood gates will open again and rally will resume.

HODL! (Your BCH. Dump your BTC             )
Trade ist aktiv: We're back on! at .25 BCH and climbing. BTC is sinking into the abyss.... yes!
Kommentar: Off to the races! BTC down to 5700 -- LOL
BCH is not decentralized. Like Ripple but worst. BTC will win at the end.
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What is happening now
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Dude seriously
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Sounds correct. Current trend is BTC down BCH up. I would not bet against this trend and I think the respective market caps will overshoot the price of BCH before settling lower. People are panicking that their BTC that always goes up has lost 25% in the past week. All they see is BCH up a stupid amount. When they try to send their BTC to an exchange and it gets stuck the panic only increases.
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bitcoin cash is going to 3500 dollars
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You have it backwards. Dump your BCH with another pump and buy more BTC. BTC as a store of value is not going anywhere. BCH will be used as the name indicates, as cash not as a store of value.
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@getbits, I agree. I trade to earn more BTC. But BCH... Wow! That is amazing! Roger Ver rocks! PROFITS!! $$$
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@getbits, Wrong
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@getbits, Looks like we're off to the races
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correct
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