https://www.tradingview.com/chart/BCHUSD/CsqDXMGy-Bitcoin-Cash-Distractions-Abound-Slow-and-Steady-Win-the-Race/
The reality of the situation in crypto today is that there is much danger and calamity.
Mount Finex is crumbling and becoming ever more sketchy and ever more dangerous each day. It would appear to me that perhaps they are not solvent. It would also appear to me that many of the pumps that are happening in crypto are related to Tether, are for the purposes of pumping the alt-BTC ratio, and exiting the market.
The reality is that on Friday, South Korea will announce “measures on cryptocurrency trading” according to a Reuters report that is citing a central bank official.
The issue may not be isolated, as OKEx, the Hong Kong-based exchange that just launched Bitcoin Cash main trading pairs ahead of the launch of ViaBTC's Coinex, now no longer supports users from Hong Kong, it's own city.
I now have a feeling that Friday's Korea meeting is related to the Chinese capital flight we discussed in previous Operation Dragonslayer posts.
Yesterday’s market dump seemed to be related to that news. Markets have since recovered.
But, as we’ve discussed in great detail, Bitcoin Cash is the one crypto on the entire market that has the strongest fundamentals.
Why?
Because Bitcoin Cash is Bitcoin. Except it works.
This is going to prove itself to be a bigger and bigger deal as the future plays out.
Bitcoin Legacy (BTFee™) does not have a well functioning blockchain. Fees are still $60/byte, a mere 2,900%+ more than Bitcoin Cash
Average confirmation time on the BTFee™ network is at a relative low at a meager ~270 minutes.
Ethereum has proven that it cannot handle itself under the load from even one widely-used smart contract.
Litecoin as discussed, is a very centralized coin in terms of its distribution and its fees, while albeit considerably cheaper than BTFee™, are not comparable to Bitcoin Cash.
And although amidst major market correction, in the absence of a Cashening or a Dragon Slaying scenario, Bitcoin Cash will dump along with everything else, it’s still one of the the safest, if not the only safe bets on the market to hedge your value and your risk in.
The reality of price action is that we’ve now had two 12 hour candles close outside of the prior downtrend line. Price action is now retesting the 0.382 fib retrace from the mania blow off top, Tenkan-Sen has crossed Kijun-Sen. And we have a green Kumo twist, albeit slight, on the 12 hour chart.
The breakout is real, and although it’s slower than some of the other coins are experiencing, these gains are major and real and we now have a trading opportunity that is arising.
After the paywall will be a trade structure thread for trading Bitcoin Cash.
These have been well received. My last, Bitcoin Cash - Be Greedy When Others are Fearful trading thread has scored a 91.67% approval rating. I'm grateful to the community for their kindness and support.
Our Litecoin – Play the Pump and Dodge the Dump thread had take-profit, target, and extended target all hit, and received a full 100% score from readers.
I know we haven’t had a majorly successful Bitcoin Cash trade in a while, so I’m going to do this one at a discount price of $3.88 to ease some of the economic burden on readers.
Ryan also tells me that subscriber functionality is coming soon.
In this post there will be:
  • Trade structure, strategies, stops, and targets
  • Multiple updates as price action progresses and as news progresses.
Average trade structure post so far has gone on for 24-48 hours and has had ~10+ updates provided along the way.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
 

$5.70
0.0¢

Reviews
44 of 44 reviewers say it's worth paying for

0 of 44 reviewers say it's not worth paying for
Comments
  spent 5.0¢
@Holo, a lot of money is going into things as they are right now for sure.
If BCH pumps... when BCH pumps, everything is going to be affected dramatically.
That's why it doesn't pump yet.
@rutgerb - It means that the position size that you're using for the purposes of the trade should be closed if price hits that level, because it's very unlikely to revisit it the third time _and_ continue bullish momentum.
I strongly believe you should have a long-term "core" position and only be trading actively with 5-25% of your position, and a lot closer to 5% for most people.
I'm not a fan of selling core holdings outside of major situations.
@Rutger so long as it's a bull run, you can really rarely go wrong with a "buy the dip" strategy.
This dip to $1,700s is part of the strategy in the new thread.
0.0¢
   9mo ago
88.0¢ 10.0¢ 10.0¢
  spent 20.0¢
@RiversAndMountains, Appreciate your time spent for the masses, once again!
All this chart pattern for me seems so stretched out, so held. Like Nikkei '89. Fundamentals are here. Technology is already adopted, clear benefits using it, but price is standstill compared with no-value coins..
For me it seems just a matter of time, even SwissFranc peg broke. And this one is also an artificial peg. the more energy is held the more spring will bring back..
It is really quiet and too slow, we have positive news about exchanges-privKeys, op_code enabling, Privacy settings, community projects
Just one question in my mind, what: How much resources someone needs to spend daily to hold this market ?


0.0¢
   9mo ago
88.0¢
  spent 20.0¢
@RiversAndMountains Been following you since 11th of November, been invested in BTC since it was at around $3600. Made a good profit and decided to try some dabbling in daytrading. Made some pretty bad calls but learned a lot thanks to your posts. And about to start making some profit again thanks to you. Now I don't want to come off as dumb but what exactly does "STOP should be set at third throwback to the prior downtrend line at $1,455" mean? Does it mean that if the price has dropped below $1,455 for the third time you should sell all or part your BCH holdings?
0.0¢
   9mo ago
88.0¢
  spent 20.0¢
I sense your targets are too conservative.
0.0¢
   9mo ago
88.0¢
  spent 20.0¢
Exciting! I sold around 1950-2050 and bought back in at the low 1800's let see how this plays.
0.0¢
   9mo ago
88.0¢
  spent 20.0¢
I tought you said slow and steady!... haha


0.0¢
   9mo ago
88.0¢
  spent 20.0¢
It's starting to hit the $1800-ish. What would be a good indicator that we're going on a new run and thus strengthen my position with some additional BCH?
0.0¢
   9mo ago
88.0¢