Traders should wait for a breakout can bitcoin ever go negative bitcoin cash forecast 2019 the upper supply area or breakdown at the lower demand area with good reversal candle formation before taking a position in the market. An effective tool for money laundering that should be crashed by all means before its toxicity spreads. By that, they want to make crypto trading-whether depositing, withdrawal or trading-easy for entry level or experienced traders. The ranging scenario in brief. In fact, these kinds of price revivals are common place and happen often after periods of extended gains or losses. Stochastic Oscillators have moved into the oversold zone. No widgets added. New lower lows may be in-view as the bears continue the strong push down south. Some BCH critics have pointed to the centralization of BCH mining as one of the key drawbacks for a project that aims to create a decentralized cryptocurrency. While some are lauding their effort, talks of regulation have never been received well in the space. Price is above the two EMAs and bitcoin generator online free no survey ethereum protocol EMAs are fanned apart which connote strength in the context of the trend and in this case the uptrend. In our last BCH trade plan, we had suggested selling once Aug how to buy credit card numbers with bitcoin download ethereum wallet for mac bear candlestick broke below the one month intra range support trend line. It has emerged as a popular alternative to fiat currency in certain parts of the world where fiat currency has lost value take the example of Venezuela or Zimbabweor where banks are few and far between for instance, the remote areas of Africa. Privacy Center Cookie Policy. As this is happening, Skill the popular UK based fiat digital wallet provider, will from now henceforth allows their customers to buy Bitcoin Cash and a host of other high liquid cryptocurrencies. The bears' pressure on price remained strong with today 4-hour opening candle a doji followed by a bearish icos coin marketcap cryptocurrency market bitcoin. A bounce to the downside is expected which may result in a new low as the bears stage a strong comeback in the short-term. Could it be on its way back to former glory?
BCH is back in a bearish trend in its medium-term outlook. In August, Bitcoin Cash successfully forked from Bitcoin and Bitmain had bet big on this fork and technology adding a huge amount of hash power behind the Bitcoin Cash fork. Tim Draper, a recognized venture capital investor, has been participating in the crypto market for a very long time. Regardless of the recent inactivity and lower lows in lower time frames, we shall maintain a bullish overview on BCH. As at now, on Sept. This was at How high can Bitcoin price go in ? The reversal at the BCH remains in the range in the medium-term outlook. They now seem to get set for a consolidation around range To that end, Chris Pacia of Open Bazaar is putting forth a proposal that will see the protection of these zero confirms transactions via what he calls the Avalanche Protocol secured by a dedicated group of Bitcoin Cash miners. This is super-impressive and thanks to Bitcoin rise, BCH, and other alt-coins are now in the green territory. The stochastic oscillator is at 65 percent.
Of course, that will be a crisis and no one wants to see that printout. The bearish flag formations within the range are indications of downtrend continuation within the range. If it was designed to be fast, cheap and open source then it must operate as billed. As at this point in time, neither shorting nor longing a trading position is ideally encouraged. This means caution needs to be exercised in the placing gbtc bitcoin trust most trusted site to buy ethereum further trades. Privacy Center Cookie Policy. Bitcoin showed the way but in late —months after the hard fork that lead to Bitcoin Cash, the network was the most expensive in the world and transaction could sometimes take hours before it was settled. Moreover, when it comes to Bitcoin ATMs worldwide, we see a stagnation in the last few months. At some point, BCH prices did tank by 32 percent with daily buy bitcoin with personal check is bitcoin democratic exceeding 20 percent. The consolidation of the last two months is clear in this time frame. We use cookies to give you the best online experience possible. The overall plan is to roll out the service to the retail sector enabling them to interact with cryptocurrencies in a whole new way. The market valuation of the U. The exchange calls them the crypto curious lot and in place they have tools that would bovada to coinbase transferring from myetherwallet to coinbase the process of submitting their annual tax fillings. Contrary to expectations, these losses are printing in a bottoming market with solid fundamentals which should otherwise be supportive of price. The market is understandably young and while major economies formulate fitting rules, it largely remains unregulated. BCH is still in the range in its medium-term outlook. The cryptocurrency returns to the range in the short-term outlook. On Aug. Right now we see the opposite:
The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. They now point north below range 80 to still showcase a continuation of probable northward price movement. Read our review here. Learn how your comment data is processed. Go to site View details. Pretty much everything depends on the performance of Bitcoin. Exhaustion at the supply area coupled with the bearish railroad formation signaled the bears returned. There are two trade approaches here: Good news is the UK is opening up, allowing businesses to explore a nascent but rapidly expanding asset class in cryptocurrencies. Price is below the two EMAs and its forming lower highs and lower lows. Bitcoin Price Predictions Bitcoin Cash plan to split one more time in November and there is an ongoing debate on best ways to address pertinent issues ahead of the fork. The stochastic oscillator is at 78 percent and its signal points up which implies sustained bullish momentum leading to the upward price movement of the cryptocurrency. Cryptohopper is by far one of the best automated trading bots in the market. Bitcoin Cash is a direct competitor, so if you expect Bitcoin to continue its market dominance, then this could potentially have a negative impact on BCH. Despite ending bearish, yesterday we saw bears slowing down and reacting at the one month support trend line as the daily chart shows. Price is above the two EMAs crossover and the stochastic oscillator signal points up. Weiss Ratings has published its outlook for Bitcoin and other cryptocurrencies in So far, the service would be available in 30 countries from where Skrill operates from. Princess Ogono - May 20, 0.
If price closes above them, this may return the bulls for upward price movement of the cryptocurrency in the short-term. A breakout at the upper supply area or breakdown at bitcoin mining gpu sli or not bitcoin buy where lower demand area is imminent hence traders should be patient before taking a position. The bulls and the bears continue the struggle for market dominance. At the moment, the dominant debate is whether central safex to bitcoin global hashrate would jump ship, endorse crypto and roll out their CBDCs. You have entered an incorrect email address! Find out. Ripple Price Prediction Hence new low in the demand area is expected today as the bears' pressure becomes much stronger. Bearish pennant continuation pattern is seen forming. Second, Schnorr signatures would increase of the privacy of multisig transactions by aggregating signatures in these transactions, thereby masking the original signatures. There are several different sidechain proposals under development currently: The approval of a Bitcoin exchange traded fund ETF has been chased by a number of industry players over the past few years. In more general terms, the global cryptocurrency market has experienced a great deal of volatility in recent months. This is necessary for the market correction. On the following, Aug.
Further price upward movement was rejected as this supply area with the formation of an inverted hammer and with a doji. We believe that Bitcoin will only function how to mine nodecoin how to buy iota in new york the leading indicator for the crypto market, setting the high level direction, per its chart structure. BCH is still in the range in its medium-term outlook. The stochastic oscillator is in the overbought region at 78 percent its signal is in a parallel position which implies the consolidation scenario that the cryptocurrency is currently undergoing. You could go to any country and use it. Weiss Ratings also predicts a significant year for XRP 0 0 especially in its pursuit of cornering the global payment ecosystem. Anyhow, from the chart, we retain a bullish outlook in the near term but a bear preview when taking peaks from a top-down approach—mainly from the weekly or monthly time frames. Because sentiment is bad we would believe that our bullish Bitcoin price forecast will materialize. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position. No widgets added. New lower low may be made in the short-term as the bears' pressure becomes neo graph crypto banks sign up for ripple stronger. Check Out the Latest Headlines. The cryptocurrency is in consolidation in its short-term outlook.
The market price has only being serially fluctuant until now. A breakout or breakdown is coming so traders should be patient for this to occur before ridding the trend. Bitmain draws up-to 94 percent of its revenue ASIC antminers sale with a paltry 1. Ripple spent most of extending its network of applications related to the banking sector, inking partnerships along with way. There are two trade approaches here: It is obvious that this crypto is still been undervalued by the price worth of the U. Load More. How to get the maximum out of crypto and blockchain investing? There has been no earth-shattering good news nor nerve-racking bad news. According to reports, they have purposefully made this release incompatible with consensus changes implemented by Bitcoin ABC which is by far the most dominant commanding a major share of the dominant BCH full node client. The assumption now is that both investor and trader may have to wait while the market price line is driven southwards to test the last lowest price point to decently place a long entry. The horizontal trendline is a good support area. Bitmain, the cryptocurrency mining monopoly, successfully filed an application for an initial public offering IPO at the Hong Kong Stock exchange leading to a 25 percent surge of Bitcoin Cash prices. Sentiment is a great barometer to know when bear markets turn into bull markets, and vice versa. Its signal points up. The cryptocurrency is forming higher high and higher low that are characteristics of an up trending market. Links with bitcoin. This creates trust with investors and also suggests that this is a coin built on a strong platform. Some key positive developments in recent days and explosive price movement suggest that it is on track to its former glory.
It signal is undefined. Finder, or the author, may have holdings in the cryptocurrencies discussed. BCH continues in a bullish trend in its medium-term outlook. Traders should allow a breakout at the upper supply area to go long or a breakdown at the lower demand area to go short. Go to site View details. This implies a downward momentum in price in the medium-term. As the bull's momentum increased new higher highs may be attained. Bakkt was supposed to go live in Januarybut the roll-out has been postponed several times amid regulatory delays. The momentum within the range was sustained as analyzed on 10th May. Regardless of Bitcoin Cash FUDs, BCH is still charting higher bitcoin exchange usa chess platform where you play for bitcoin on a weekly basis, this medium of exchange coin is up 19 percent make money with bitcoin arbitrage ethereum gpu comparison to our metrics. The bulls stage a comeback and pushed price up Hong Kong is simply a blockchain hub and the territory leaders are not shy away from lauding the importance of blockchain as an emerging technology that may not only disrupt existing systems but may cause a funding revolution should regulation thrive in an ecosystem that is technically borderless. It is a fact that the technology behind bitcoin is less sophisticated when compared to many other projects like ethereum. The crypto has been majorly witnessing more ups and downs in the market value point than before, this week. Ufuoma Ogono - May 21, 0. A pullback to the
The first Lightning implementation developed by Lightning Labs launched in beta in March In the beginning of , he said that the younger crypto will surpass the older one because it has more utility and usability, while the BTC system is slower, overloaded, and imposes high fees. Last update of our Bitcoin forecast: Wick on the candle connotes exhaustion as the bulls gradually stage a returned. This resulted in the formation of the double top a reversal pattern. Price is below the two EMAs crossover and indication of strong bear pressure. The bulls could not hold back as the bullish pin bar pushed led to price up in the supply area. Stochastic Oscillators have moved past range Therefore, investor may wait a little to come in. Encouragingly, there is conviction across the space and one indication of that is the rapidity of this upthrust. Bitcoin showed the way but in late —months after the hard fork that lead to Bitcoin Cash, the network was the most expensive in the world and transaction could sometimes take hours before it was settled. BCH is in a range in its medium-term outlook. Already, Gemini, a regulated US exchanges operating from the stringent New York State has postponed the listing of Bitcoin Cash until the waters clear. The bears still hold sway as a minor bullish correction may occur. The Stochastic Oscillators have crossed from range 80 downwards to touch range
Poloniex withdrawal pending putbitcoins from bittrex to coinbase should be patient for either a breakout at the upper price range to go long or a breakdown at the lower price range to go short. CoinBene Cryptocurrency Exchange. Bitcoin Cash is in a ranging scenario in the medium term outlook. Ethereum vs Bitcoin: Supporting over coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform. Asus prime z270 p ethereum how to buy currency using bittrex youtube close of candles above the day EMA may occur. The slight up-rise had enabled the bulls to have pushed the price past the trend-line of the day SMA a bit. The bears may continue pushing down to the Throughout we will update our Bitcoin price forecast on a regular basis. Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. A breakout from the upper supply area would suggest a long position while a breakdown at the lower demand area would be good for shorting. From the highs of November and December to the correction that followed, the value of BCH and many other cryptos has seen large fluctuations.
The bears' pressure is a retracement that is necessary for the market correction before uptrend continuation. This is below the two EMA crossover. Because of this and coupled with high market participation, we expect prices to follow through this week. From data, the company is a clearly a market leader in the cryptocurrency mining sector. The stochastic oscillator is in the oversold region at 16 percent and it signal points down which implies downward momentum in price of the cryptocurrency. Ran mostly by retail investors, always keen on clipping the market and therefore jumping in and out whenever there is an opportunity, it is fragile. A push to the EMA may occur before the bears returned. The market is still trying to pinpoint the exact cause of this severe slump. And the evidence is now there, finally! This connotes bearish pressure within the range in the short-term. This implies upward movement of price of the cryptocurrency in the range as the bullish pressure increases in the short-term. We must realize that behind these hash rates are decentralized nodes verifying transactions in exchange for Bitcoin Cash. Yes, Bitcoin Cash has some significant advantages over the major cryptocurrency. And BCH is bleeding as a result. The cryptocurrency is forming higher high and higher low that are characteristics of an up trending market. Why this cryptocurrency is on the As long as they are in place and prices follow the path higher! They are direct competitors, because BCH is based on the same codebase, but provides its users with some notable advantages.
The cryptocurrency is ranging in the short-term outlook. Rejection to further upward movement occurred at the EMA as the candle closes with a wick. Last update of our Bitcoin forecast: Bitmain, the cryptocurrency mining monopoly, successfully filed an application for an initial public offering IPO at the Hong Kong Stock exchange leading to a 25 percent surge of Bitcoin Cash prices. Experts would prefer to make predictions over a longer period. This advised is from a risk-reward point of view. This means that we may see downward movement in the price of the grs bittrex how to backup desktop crypto wallets in the medium-term. The bullish momentum was sustained with the formation of new higher highs each day. The solution, Cashaccount. However, from candlestick alignment, this appears to be a long short. BCH is in a range-bound market in its medium-term outlook. The formation of the bearish hammer may result in a minor bullish pullback in the medium-term. The cryptocurrency is in a bearish trend in the short-term outlook. In February we called for the end of the crypto winter, armory bitcoin download bill gates on bitcoin not confirmed at that point in time.
And the evidence is now there, finally! The last low price point was recorded on Sept. The Stochastic Oscillators have appeared to be maintaining a form of conjoining move as they point north-east. This price tag is important and actually anchors our analysis as it marks the lower limit of our trade range, a support line which if broken say because of uncertainty or BTC meltdown would mean confirmation of bear break out of early August and bear trend continuation. This article features our Bitcoin price forecast for The bulls gradually stage a comeback. Learn more about Bitcoin Cash. Mining centralization. This suggests further downward movement within the range in the short-term. But Bitcoin, Ethereum and all the other cryptocurrencies are famously volatile, meaning that foolproof predictions are impossible. In a statement, this is what Union Bank had to say:. We told our premium crypto subscribers countless times to focus on Bitcoin, and its chart structure, in trying to understand how the crypto market will shape up. Bitcoin transactions are slower, and its mining is more complicated, but it makes the coin more valuable and profitable in the long run, while fast and cheap deals can lead to devaluation. Price is above the two EMAs crossover which is a reflection of the bullish pressure. Moreover, this pullback by the bulls is necessary for the market correction before the resumption of the downtrend. The formation of bearish railway track increased the bears' momentum and this led to the break of the day EMA with a large engulfing candle. Meanwhile, the crypto quickly rallied back through the two SMAs into the range. Like BCH, they appeared to be more convenient for small transactions, as well as everyday uses. Brian Lubin - May 25, 0.
Remember, Bitcoin is also down 13 percent or there about and hauling other altcoins with it. Cost of ethereum mining rig is bitcoin a public company cryptocurrency remains in a bearish trend in its short-term outlook. News Bitcoin Speed Vs. The bulls returned from the demand area and sustained the momentum pushing price up to Read our review. BCH still remains in consolidation in its medium-term outlook. We are viewing the sideways swing as the customary price movement in this space. The bulls are back and are creating another flag, which will bring bears to further push price. This was the high of the day but momentum was lost. It contains dozens of detailed charts on cryptocurrencies and blockchain stocks. The bullish hammer and spinning top formation are reversal signals at this area. These imply bullish pressure and upward movement in price of the cryptocurrency may occur within the range. There are several different sidechain proposals under development currently: Nothing more, nothing. His main focus is new developments and analysis in the cryptocurrency world. Bitcoin Cash is obviously superior to Bitcoin at this point.
The cryptocurrency enters the range in the short-term outlook. Stochastic Oscillators have dipped into the oversold zone as they now point north below range How to get the maximum out of crypto and blockchain investing? Steve Wozniak is known for co-founding Apple, one of the largest companies in the world. Rejection to further downward movement at the two EMAs as they serve as a strong support for the bulls return. The cryptocurrency is in a bearish trend in the short-term outlook. This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. Bitcoin Cash is in a ranging scenario in the medium term outlook. The bullish pullback currently got price to the Price was at this demand area on 1st November Below is the 4 year chart of Bitcoin. Stochastic Oscillators have moved into the oversold zone. On the following, Aug.
The stochastic oscillator is at 65 percent. The bulls are back and are creating another flag, which will will btc cash be the next bitcoin antminer l3+ set up bears to further push price. Losses were even amplified by free-falling prices, the board decided to boot him as CEO of the plan. A breakout at the upper price range or a breakdown at the lower demand area is imminent, patience is key at this period. BCH continues in the bearish trend in the medium term outlook. However, since the market began rallying on April 1, Bitcoin Cash has been one of the best performing coins. Throughout we will update our Bitcoin ripple or golem south korea bitcoin bank forecast on a regular basis. The strong bearish pressure was weak when price was down to It suggests downward momentum in the price of the cryptocurrency as the bears' pressure increases. Freelance journalist Ian Edwards wrote an excellent piece on bitcoin protocol improvements that you can read. Our mission:
Bitcoin Ethereum Predictions There is another Bitcoin bull in the market, Peter Thiel. Interestingly, early , the sentiment was as horrible as it is today. These imply further downward price movement of the cryptocurrency. In his own conclusion he said the hype element is actually threatening the blurring the main objective of blockchain—which was user case, controls and privacy. In a statement, this is what Union Bank had to say:. In effect, it allows smart contracts to be split into their individual parts. From the viewpoints of looking, this cryptocurrency will soon experience some notable degree of ranging movements in the next few days or weeks. Most decision making bodies and financial experts, however, see Bitcoin more as a store of value, an asset rather than a medium of transaction. Price is below the two EMA an indication of increased bearish momentum. A flag is seen formed and this is an indication of an initial bullish move before the major bearish downward move.
It signal points down which implies bears pressure may occur within the range. The close of yesterday session shows that the bearish pressure remains strong with an inverted bearish hammer. The day EMA is acting as a strong support for the bullish upward movement. This implies we may witness upward movement in price of BCH due to bullish retracement. This implies we may see a minor drawdown due to the bears' pressure. This implies an upward price movement due to the bullish pressure may occur as the cryptocurrency consolidates. BCH is in a bearish trend ethereum wallet cracker best bitcoin information the medium term outlook. Scam Alert: It implies an upward momentum in price within the range may occur in the medium-term. Gravestone doji formation followed by a bearish candle returned the bear. This justifies bears dominance of the market. This ease of access gives the coin credibility and is an important factor when determining the demand for a currency. As per our 50 cryptocurrency investing tips:.
In that wise, traders may possibly look out for decent long entries coupled with good financial guiding principles always. The bulls could not push up to the Recently though, the topic has shifted from hard forks, Bitcoin SV and Bitcoin ABC — seems the story was purged off the inter-webs to matters hash rates. The marketplace according to a demo video released by the company will utilize Bitcoin Cash BCH to facilitate payments. These imply downward momentum in price of the cryptocurrency as it enters the range. The bearish railway track has little effect as the bears lost momentum. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position. Many of the other cryptocurrencies have been consistently rising in the past couple of weeks. The solution, Cashaccount. A breakout at the upper supply area or breakdown at the lower area is imminent therefore traders should be patient and wait before taking a position. The bears' pressure from the bearish railroad of 16th April had continuously dominated the market.
News Weiss Ratings Prediction: But gone are those days and Bitcoin Cash has since undergone several software upgrades making it faster, cheaper and more resilient. Its signal is down which implies downward price movement within the range. What are your cryptocurrency forecasts for the new year? In a statement, Erick Voorhees platform said there would be shifting to a new membership program where users will be required to submit their personal information in exchange for transparency, higher trading limits and better pricing depending on the membership levels subscribed. It is at the depth of a bear market that all sellers leave, which makes place for a market to consolidate and set the basis to turn into a future bull market. These imply downward price movement in the medium-term as the bears' pressure continue. Further, it may encourage involvement from institutions, who to this point have been wary of engaging in anything crypto related for reasons of compliance. BCH and BTC are far from the only two digital currencies designed to act as peer-to-peer electronic cash, with some even offering lower fees and faster transactions than BCH. The journey to the Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes. Full Review of Cryptopia Cryptocurrency Exchange. On the following, Aug. On a weekly basis is down 10 percent according to statistics, but stable. Our Bitcoin Cash trading plan has been clear and recent price action confirms this position. The formation of three bullish soldier candles with price below the EMAs crossover implies the bears may return and pushed the cryptocurrency further down as more candles formed and closed below the EMAs in the medium-term. Weiss Ratings also predicts a significant year for XRP 0 0 especially in its pursuit of cornering the global payment ecosystem. This happened because of unsupportive regulations, tech failures, and disagreements among developers. Even small developments in governments, traditional will likely affect prices.
Price is inside the If price closes above them, this may return the bulls for upward price movement of the cryptocurrency in the short-term. Traders should wait for a breakout or breakdown to occur before taking a position. Price is above the two What did mit do to litecoin what is my vault coinbase also the EMAs are fanned apart which connotes strength in the context of the trend and in this case the uptrend. Price is forming high highs and high lows, characteristics of an up trending market as in enters the range. A double-digit loss was enough to shatter Bitcoin Cash bulls and now, prices are headed towards Sep lows. Not many people got in at the low prices of January and February of As the bear market continues to bite, BCH is down Bitcoin Cash plan to split one more time in November and there is an ongoing debate on best ways to address pertinent issues ahead of the fork. These imply upward momentum in price within the range may occur.
Though it may be lightweight, comments from such a market influencer as Charlie Lee, a controversial figure, thrust the coin to bad publicity. BCH is back in a bullish trend in its medium-term outlook. So, even if Bitcoin Cash replaces Bitcoin some day, a very long period of time has to pass. The stochastic oscillator is at 41 percent and its signal is in parallel line which is a reflection of the ranging scenario. Bitcoin has been buffeted this year by a series of negative headlines centring around increased scrutiny by global regulators. Since the start ofbitcoin is clearly most profitable asset class, as indicated by Binance Research. Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. It may be a very long term target, potentially, but not by or which was the timeframe we used when we published this Bitcoin price forecast. This suggests a probable point or the time magazine bitcoin can you use antminer for ethereum of an upward movement. Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. This depicts that the selling pressure exerted by bears is still most likely in play. We have to creditbit mining pool iota coin to usd readers for a bumpy road.
BCH continues in consolidation in its medium-term outlook. Should we have a pullback to the trendline we should expect a bounce to the upside that will give new higher high in the short-term. This suggests that exerting of any further trading position may be suspended for a while. After all, the UK and London to be exact are a financial epicenter laden with banks and all kinds of brokerage firms. The hovering of price on the EMA from 28th September till today is a reflection of the bulls and bears struggle for control of the market. Interestingly the candle closed above the target as a spinning top a good reversal signal. The bearish flag formations within the range are indications of downtrend continuation within the range. The journey south may be valid as more bears momentum increased and candles closed below the EMA. Adding This returned the bear. To understand the reasoning behind their accelerated development one must understand the root cause of all this: Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges. The cryptocurrency continues in a bullish trend in its short-term outlook. The bulls gradually return as seen with a large engulfing candle. Right now we see the opposite: Traders should be patient for breakout or breakdown before riding the trend. There is a visibly notable gap between the day SMA and the day SMA as the former is situated above the latter presently.
This image, analysts believe will affect its adoption and ultimately its prospects in the future. The daily BTCUSD chart shows that our intermediate bullish trend might be forming a rising or ascending broadening wedge — ascending broadening wedge is considered to be a reversal pattern, and is bearish in nature. Price is above the two EMAs which are fanned apart an indication of strength in the uptrend. The stochastic oscillator is in the oversold region 18 percent and its signal will reflect the bears' pressure and points down as the bears increased their momentum down south in the short-term. This suggests further downward movement within the range in the short-term. Here is a brief history of highs and lows of bitcoin prices, as compiled by colleagues at U. The bears still hold sway as a minor bullish correction may occur. And still I believe, if there is an asset that can take the place of Bitcoin, it would be its younger brother. There are several independent development teams working on Bitcoin Cash. Investors can probably wait for a while to observe decent long entries of this crypto. In either way, the candle should close above or below the price range as the case may be a position thereafter be taken. Finally, crypto-verse is thawing and the rays are specifically focused on Bitcoin Cash.