DA-DA-DA-DAAAA! BITCOIN vs BITCOIN CASH? Which One Is Better!?
Hey Friends!
D4rkEnergY is back. And he will once again spread love and wisdom to his beloved Crypto-Family... Enjoy!
Let's first take a look at the Global Crypto Currency Market. The last 14 days we have been moving sideways, but we will very soon get higher. I will get back to that later. The Global Market Capitalization is around 460 Bl USD today (with an All Time High at 829 Bl USD 7.1.2018), and Bitcoin is still dominating with a Marketcap on 192 Bl USD, which is equal to 42 %. Bitcoin Cash on the other hand has a share of 5 % today.
If we look back at mid November 2017 BTC had a 52 % domination and BCH were at 12 %.
So what will happen in the future? D4 will tell you. First and foremost we have to understand, that BTC is The Leader. So BTC's price is pretty much dictating where the global market is going. The last 14 days there have been a lot of indecision and fear in the market, and when that happens BTC tends to fare better than the altcoins. And that is also what we have seen.
So BTC, 2 days ago, finally broke out from it's downtrend channel, which D4 already predicted 2 weeks ago would happen, which now means we are in an uptrend. But.. People still feel insecure, so we will still see for a time, that BTC will continuing dominating and fare better than the altcoins.
When Bitcoin goes even higher, and will start to range, THEN we will finally see, because of the trust in the market, that altcoins will start to do better. Expect therefore that BTC will lose some domination, and probably also to Bitcoin Cash.
But let's now take a look at the 1D BCHBTC chart. I will stress, that D4 is not looking into the fundamentals right now. This is only viewed from a TA perspective. But let me just throw it out right away. D4 is still bearish on Bitcoin Cash.
First we have to be aware of BCH very short life cycle. That means we have less data, which makes is more difficult for us to predict.
Normally we use all kind of tools or indicators to determine which way we are going. We look after fractals, different patterns, moving averages and Elliott Wave Theory. It doesn't really apply super well, when we don't have so much data.
But what we can pay attention to is the volatility there has been in the coin pair. As you can see we have been going down for a long time, and everything points in the same direction that we will continue to go further down. The RSI is making lower highs and lower lows, and there is still room to go even lower. What we do to determine a good place to buy is to look for previous price action.
D4 has made 2 green boxes for you. This is your buy zone. But, before you buy, we want to see some kind of confirmation, that we will go in the other direction. So keep monitor your chart, and look after a reversal before you buy.
You are welcome, guys!
D4 is everywhere
D4 predict everything
PS. I would really APPRECIATE if you gave me a LIKE. I spend a lot of time to make several charts a day for you guys. Thanks in advance, friends <3
D4rkEnergY is back. And he will once again spread love and wisdom to his beloved Crypto-Family... Enjoy!
Let's first take a look at the Global Crypto Currency Market. The last 14 days we have been moving sideways, but we will very soon get higher. I will get back to that later. The Global Market Capitalization is around 460 Bl USD today (with an All Time High at 829 Bl USD 7.1.2018), and Bitcoin is still dominating with a Marketcap on 192 Bl USD, which is equal to 42 %. Bitcoin Cash on the other hand has a share of 5 % today.
If we look back at mid November 2017 BTC had a 52 % domination and BCH were at 12 %.
So what will happen in the future? D4 will tell you. First and foremost we have to understand, that BTC is The Leader. So BTC's price is pretty much dictating where the global market is going. The last 14 days there have been a lot of indecision and fear in the market, and when that happens BTC tends to fare better than the altcoins. And that is also what we have seen.
So BTC, 2 days ago, finally broke out from it's downtrend channel, which D4 already predicted 2 weeks ago would happen, which now means we are in an uptrend. But.. People still feel insecure, so we will still see for a time, that BTC will continuing dominating and fare better than the altcoins.
When Bitcoin goes even higher, and will start to range, THEN we will finally see, because of the trust in the market, that altcoins will start to do better. Expect therefore that BTC will lose some domination, and probably also to Bitcoin Cash.
But let's now take a look at the 1D BCHBTC chart. I will stress, that D4 is not looking into the fundamentals right now. This is only viewed from a TA perspective. But let me just throw it out right away. D4 is still bearish on Bitcoin Cash.
First we have to be aware of BCH very short life cycle. That means we have less data, which makes is more difficult for us to predict.
Normally we use all kind of tools or indicators to determine which way we are going. We look after fractals, different patterns, moving averages and Elliott Wave Theory. It doesn't really apply super well, when we don't have so much data.
But what we can pay attention to is the volatility there has been in the coin pair. As you can see we have been going down for a long time, and everything points in the same direction that we will continue to go further down. The RSI is making lower highs and lower lows, and there is still room to go even lower. What we do to determine a good place to buy is to look for previous price action.
D4 has made 2 green boxes for you. This is your buy zone. But, before you buy, we want to see some kind of confirmation, that we will go in the other direction. So keep monitor your chart, and look after a reversal before you buy.
You are welcome, guys!
D4 is everywhere
D4 predict everything
PS. I would really APPRECIATE if you gave me a LIKE. I spend a lot of time to make several charts a day for you guys. Thanks in advance, friends <3
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.