https://www.tradingview.com/chart/BCHUSD/BZvgQs4v-Bitcoin-Cash-Finally-Light-But-It-s-a-Complicated-Situation/
Right now there is a lot to be happy about. Bitcoin Cash just revisited, for the first time since the November run, the $2,000 mark. It's not a surprise it was sold off after a manic +30% run, and is now consolidating. This is very normal and this consolidation may continue for a while before further upward movement.
The reality of the situation in crypto right now is the following.
South Korea, as said before, is holding a meeting or has held a meeting, can't tell which, but is announcing what measures its taking to regulate/control the crypto market "Friday".
As of time of writing, it's currently 10:30 in the evening on Thursday.
To put into some perspective on how big of a deal this is, take a look at Bithumb total volume versus Mount Finex total volume.
Nearly the same, yet Bithumb is heavy Ripple and Bitcoin Cash trading. Bithumb is a market leader and the South Korean market is a big deal.
As of right now, unconfirmed transactions on the BTFee™ blockchain are back to ridiculous levels.
And fees are again reflecting this.
Keep in mind with Bitcoin Cash, so long as your wallet allows you to set custom fees, you'll be accepted into the next block with fees as low as 2 satoshis/byte. The major reason fee metrics aren't as low as they should be in reality is because most wallet software is defaulting to a fee structure required for BTFee™.
Worthy of note in the above screenshot is BTFee™ is sitting at 1.59T difficulty. Why significant?
Because it's going up another 15% in 5 days. Keep in mind difficulty rose last adjustment period by approximately the same amount and it was what fundamentally caused the BTFee™ mempool to congest and backlog, as the same amount of hashpower will no longer find the same amount of blocks after that kind of upward adjustment.
Something to be concerned about is Mount Finex, part of the Blockstream/North Corean cartel, has printed themselves a solid $125,000,000 in Tether in the last 24 hours. The majority of which came in the last 3 hours.
Still think that a Tethered pump and pump of BTFee™ so that it doesn't die to Bitcoin Cash hasn't been happening?
Still think that there's "no risk of a Tethered black swan"?
I've seen some of the posts on Yours in the last few days take a specifically contrarian and hostile approach to what I write and talk about, and some of the more successful clickbait ones have made such a claim.
While I have no objection to the different tactics people can use to make themselves money in this free market structure, and while I have not read the paywall content myself, many of the things described in the preamble are things I find concerning.
Do you realize what will happen when Tether becomes an issue?
There will be no warning.
November 21 Tether announced it was hacked out of the blue.
And the markets responded in kind
Although those numbers look trivial under the current circumstances, that was only four weeks ago. I'm sure you all can recall how non-trivial the event was.
When it happens, the market won't bounce immediately like it did because they shut down the Tether wallet, the currency people on Finex, Polo, Bittrex, Binance, and HitBTC sold their crypto into as they exited all markets.
Think that over.
Do you think printing money out of nothing when you're not the Federal Reserve is something that's going to go unanswered? All of a sudden there's no rule of law in the world?
What will happen is, just like the "Tether Hack", BTFee™ market will flash down $3,000 in 15 minutes and that will only be the beginning as every arbitage bot makes every single market on every single exchange follow.
One of the reasons I post what I post is because I'd prefer to see people not lose their life savings amidst another Mt. Gox.
When people open their articles telling you they have 200 Bitcoin Cash ($300,000 USD) and made themselves an additional 105 Bitcoin Cash (~$150,000) trading against trading advice that is relatively conservative, has a plan, has targets, and has stops, your alarm bells should really be ringing.
Unless you have the opportunity to short sell on margin, you have no ability to make money during a downswing. Advising retail traders to start shorting on Mount Finex, the only place there is to margin trade Bitcoin Cash is like advising a child to put his hand in an electrical socket.
I despise charlatans. If you lose your money listening to bullshit, be responsible to yourselves. The situation at hand is not a drill.
Regardless of all of the above, all of the fundamentals are in place for further long trades. The bull run is not over unless someone shoots it in the back of the head, and while that could be exactly what $125,000,000 in Monopoly money has been created for, who cares?
We never trade without a STOP anyways.
I am doing a new trade thread for two reasons.
  1. Last thread hit target convincingly with no signs of impending movement to target #2
  2. Above 24 hours, the threads become very long and hard to read, and hard to update. This is a cleaner solution for a focused situation over the next 2 days to the weekend.
Our last thread, Bitcoin Cash – Distractions Abound But Slow and Steady Wins the Race trade structure worked out perfectly and readers made $600 points during the trade.
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 more than one majorly successful Bitcoin Cash trade in a while, so I’m going to do this one at a discount price of $5.88, which while higher than the last, will still ease some of the economic burden on readers.
In this post there will be:
  • Trade structure, strategies, stops, and targets
  • Insights on the Bitcoin Cash futures market
  • Insight into the situation with Bitmex
  • 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
 

$3.75
$2.00

Reviews
42 of 43 reviewers say it's worth paying for

1 of 43 reviewers say it's not worth paying for

Comments
  spent 20.0¢
Slightly off topic but was wondering if you’d considered the possibility of bitcoin core developers undertaking a *temporary* block size increase as a very last resort if operation dragonslayer went into full swing and BCH looked likely to annihilate BTC? Is it a risk at all and what effect do you think that would have on the BCH price?
0.0¢
   11mo ago
88.2¢
  spent 20.0¢
@Dugg - That's actually a scenario that I discussed in one of the previous Operation Dragonslayer analyses.
There's absolutely a non-zero risk of that happening, although it diverges from their interests as well.
@David - It's usually based on things like prior break out points and apparent momentum. Right now it's always important to confirm after a major movement that's it's not a topping pattern.
Where price action is right now doesn't seem to be one though, in my opinion.
@T38 - The Operation Dragonslayer posts have a lot of information on Tether and the alts and the BTC pump. We may have found a similar connection.
@eleare - It's such a very complicated situation. But the reality is that when Cash starts to pump for real, nobody is going to pay attention to the ponzi coins like EOS and IOTA.
The slow period of accumulation has been these last 4 months while nobody is paying attention. This last month and a half or two is them setting up a slow choke on BTFee™.
@vight - Ryan says notifications here are incoming. Right now on TradingView I update that every time there's an update. I should start using Twitter for it too.
@rutgerb - $2,100 first and then we'll see. I hadn't set a firm target yet because I believe next breakout of $2,100 will be pretty manic, and that's why things were sold off so it couldn't maintain over $2,000 and especially $2,500.
@pete4 - EOS is definitely mooning. Before TradingView deleted all my posts I had a call there when it was still like $2 that it was a bear trap and target was $6.
It exceeded those expectations, but I'm concerned about EOS because the token you trade is a non functioning security in the parent company behind EOS.
@quang & pete - Yes the last few days there's been someone posting during the North American evening with the same picture as mine but putting underscores after the name and reposing the content. Ryan has been banning them.
If it doesn't have proper formatting, spelling, and grammar, it's not me.
@Truth2 - Requiring a revenue stream is your own judgment. There's probably a reason you're here under "TheTruth2" instead of your old account.
Shill Shitcoin Gold more though.
0.0¢
   11mo ago
88.0¢
  spent 20.0¢
@RiversAndMountains How do you figure the price to buy back in after we sell at the target? I'm I doing this right?
0.0¢
   11mo ago
87.8¢
  spent 20.0¢
Which of @RiversAndMountains posts / other posts should I go read to get a better understanding of the fundamentals of how tether works? I think I follow, but I am not sure. My takeaway is that there is an exchange in Asia that is using tether to inflate BTC. I know my question makes me sound naive,... looking for tip on what thread to pull to get smart on it.
Thanks for the great work!
0.0¢
   11mo ago
88.0¢
  spent 20.0¢
Hello @RiversAndMountains . I bought all your posts so far and after having educated myself in whats going on, I have two questions left for you:
When the cashening happens, wouldn't they prefer to buy Bitcoin Cash slowly instead of making a rush to translate that feeling of confidence and "natural growth" that had Antshares when rebranded to NEO for example?
My second and last question is, if the "big blockers" are one of the sides of this operation, shouldn't it be logic or possible that they try to "destroy" in a pump & dump some of the coins that represents a threat to them or to Bitcoin Cash? I'm thinking about IOTA (Which has demonstrated that big volume is enough to show how useless is), Ethereum (Crypto kitties) or Bitcoin Gold (Still nothing happened to this one)?
Thanks for your attention and your posts, you are the best in here.
0.0¢
   11mo ago
88.0¢
  spent 20.0¢
Hey RiversAndMountains, thanks for your informations about BCH. Im sharing your opinion that its a tough battle with BCH vs BTC. Is there a possibility to get live notifications of your updates or posts? Maybe here or on Tradingview
0.0¢
   11mo ago
88.0¢
  spent 20.0¢
Spot on as always! What is our trading target this run?
0.0¢
   11mo ago
  spent 20.0¢
@vight, you can subscribe to updated on TradingView. I get an email every time @RiversAndMountains, or anyone else I subscribe to posts updates.
0.0¢
   11mo ago
  spent 20.0¢

0.0¢
   11mo ago
  spent 20.0¢
@Riversandmountains can you please do an analysis of the EOS Situation. All my research points that EOS once released will eventually overtake EthKitty as Number 2 on Market Cap. Would love to pay for an insight into your highly valued analytical mind as to what the fuck is going on with EOS :-D
0.0¢
   11mo ago
  spent 20.0¢
Hey man, I think you're being hacked. Last 2 days I bought posts that were really bad and terribly formatted with content from your old posts. The comment price was obscene as well I think I recall them being $10 and $25 dollars today to comment
0.0¢
   11mo ago
  spent 20.0¢
I agree with Quangdexter. I bought a post several hours ago for $10 and it had all your old posts behind the paywall. Its a weird situation
0.0¢
   11mo ago
  spent 20.0¢
I found a lot of information about tether and Bitfinex after pulling the Bitfinex’ed thread. It seems that everyone is concerned about the 1) timing of tether minting and BTC movement, 2) the timing of Wells Fargo dropping them and their seemingly unfettered production of tether, 3) their recent hacks and circumstantial evidence of bailing themselves out, 4) conflicts of interest with common ownership between Bitfinex and Tether. Ultimately, it seems that the concern is that the market is being inflated with securities being manufactured that everyone assumes has value but really doesn’t, a la Mortgage Backed Securities and Collateralized Debt Obligations and CDO^2. Sounds familiar,...
Am I missing anything?
Edit: I neglected to mention the concerns about them not getting audited. I read a memo written by their CPA firm that seems to identify that they have 400MM in assets matching what was then their liabiliteis. I understand the concerns people have about no official audit report, but I am not 100% convinced that it means that they are hiding something. Now if it turned out that the CPA firm that is working with them has been let go, or if an audit firm that worked with them prior has been unable to do follow up testing, then that would be cause for alarm.
PS. I am a CPA in US, but don’t practice audit so I’m a little rusty on the nuances of this situation, but can do research if someone helps direct me where to look fir good technical information on their reporting.
0.0¢
   11mo ago
  spent 20.0¢
If he's such a good trader and bch is so profitable how come he requires u guys as a revenue stream?!? Btc is bitcoin...
0.0¢
   11mo ago