💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
BCH is moving sideways around the $650 zone and heading up to the $800 and $1100 zones. But if in the next few days it loses the $650 zone, it will fall back to the $550 zone
📈RED PLAN 🔴Buy : 635-665$. SL if B
🔴Buy : 780-820$ if A. SL if B
📉BLUE PLAN 🔴Sell : 780-820$. SL if A
🔴Sell : 1070-1130$. SL if A
🟣PURPLE PLAN 🔵Sell : 635-665$ if B. SL if A
🔵Buy : 535-565$. SL if B
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Bitcoin Cash (BCH) is a peer-to-peer electronic cash system, which aims to enable “new economies with low fee micro-transactions, large business transactions, and permissionless spending”.
Bitcoin Cash originated from an upgrade proposal of Bitcoin, that increased the maximum block size from 1 megabyte to 8 megabytes, which ultimately led to a hard-fork on August 1st, 2017 . Since then, additional changes have been approved, such as a new difficulty adjustment algorithm, the support of new opcodes, Schnorr Signatures, and further extensions in the block size.
Bitcoin Cash uses the same SHA-256d-based Proof-of-Work consensus mechanism as Bitcoin. Bitcoin Cash also has a target block time of 10 minutes, and its total supply is capped at 21 million.
On November 16th 2018, the Bitcoin Cash blockchain withstood another hard-fork, which resulted in a chain split into Bitcoin Cash SV and Bitcoin Cash ABC. Since then, Bitcoin Cash ABC has commonly used the BCH ticker and referred to as Bitcoin Cash.
The Bitcoin Cash network has protocol upgrades twice a year, on November 15th and May 15th. These upgrades are required for all node operators . For instance, on May 15th 2018, Bitcoin Cash upgraded to increase its block size to 32 megabytes.