Muzoeph

Pure S&D

BITFINEX:BCHUSD   None
we follow price action in on this trade
Trade active: we continue to watch Price action on this one
Trade active: almost at the first 4H supply target
Trade closed: target reached: finally reached my second target!

Comments

@sheriu what convinced you on the long term potential of BCH

Posting this all over the place for more eyes to look at it. I started looking at the crypto space since a few weeks and realized that I had a major portion of my holdings in BTC(5000+) and sold them off at 6100 into cash and BCH. I have a sizable portion in BCH(@340) and ETH(@300) at 60:40 ratio and plan to hold it. There is no loss or gain at this moment. But I'm worried what will happen to these coins if BTC crashes to 3500-4000.

Here is the link to richest BCH addresses. Not sure if I'm interpreting the numbers correctly (can someone take a look please)
https://bitinfocharts.com/top-100-richest-bitcoin%20cash-addresses.html

To me it looks like the below addresses have purchased(or transferred?) huge amounts of BCH in October (as recently as yesterday) without selling out yet (First Out/Last Out columns are empty)

24 1549C7SbUjfNJk9TvTUqsD32j2tJ5iihHR 44,009 BCH ($14,809,982 USD) 0.2635% 2017-10-09 09:29:23 2017-10-09 09:29:23 2
29 1BoiNA9MHqBqZc9ffz4UtV29aSjh7rMcfD 39,942 BCH ($13,441,191 USD) 0.2392% 2017-10-25 13:11:05 2017-10-25 13:11:05 1
32 1KJskfoLfaqDnBYHHHLCQoXDZxGvYhKGrY 35,004 BCH ($11,779,585 USD) 0.2096% 2017-10-18 12:00:24 2017-10-18 18:38:39 5
36 1DDKxA3AsJexhXRnoxJrQywcyqHBwbxUHq 28,964 BCH ($9,746,874 USD) 0.1734% 2017-10-22 17:11:26 2017-10-22 17:11:26 1
49 13RoJq4mmQJiujVZN7cA8hHJQp6Wgi4C7G 25,000 BCH ($8,413,042 USD) 0.1497% 2017-10-11 19:39:41 2017-10-11 20:05:44 2

Another interesting trend analysis I came across on BCH
https://techburst.io/why-i-will-make-1-mil-with-bitcoin-cash-eac347c775e1
+2 Reply
Muzoeph imkeshav
@imkeshav, thats why we learn trading to analyze for our selves not depending on someone's word's.. trading is about you not anyone else..
Reply
imkeshav Muzoeph
@Muzoeph, But if you are an investor looking for the dips to buy? I agree with you though that complete responsibility stays on me. But you guys do help a lot with your ideas and comments
Reply
Muzoeph imkeshav
@imkeshav yeah true that brother.. Tradingview community makes a lot of sense
Reply
SheriU imkeshav
@imkeshav, I conducted research into BitcoinCash early and found out it was much better overall in every way and I had a sneaking suspicion that core would make the segwit agreement and have miners agree and later bail out form 2x. They were already trying to brainwash ppl into thinking ‘miners are evil’. What I predicted happened and then fear mongering towards the better tech BCH confirmed that they feared BCH. In November the 2x split will have all 3 competing for hash power, and BCH already has miner support so it will win hands down. As I see it bitcoin is fighting dirty and saying (it’s an attack on bitcoin) The real attack is on BitcoinCash - the real bitcoin that forked away. Legacy Bitcoin is no longer bitcoin -no longer on chain transactions - segwit transactions are not bitcoin transactions .. also LN is another layer and may as well be MasterCard. The great thing is BCH has proven it can perform better than Visa without off chain solutions. BCH has proven, we can scale on chain and ‘don’t need off chain solutions’ - the BitcoinCash are trying to save bitcoin. Also I suspect bitcoin is deliberalty forking (BTG) and coming (BitcoinSilver) and is acting like a man in a van handing out lollies to unsuspecting children. This is causing FOMO and having people buy up something that is no longer bitcoin (on chain signatures and peer to peer cash etc). I believe BCH has a good chance after 2x it is the better one out of all. Roger Ver (Bitcoin Jesus) is telling the truth, Jihan Wu is a business man not an evil miner, Craig Wright regardless of if he is Satoshi or not (not my business) is working on scaling etc... these guys are working hard while Legacy bitcoin perform tricks and fees ppl lies. It’s sad to say the least. But come November and a fight for hash, we are highly likely to find BCH is best supported by miners and that is a very big deal. May the best coin win
+1 Reply
This is best held long
Reply
Muzoeph SheriU
@SheriU, i agree,for an intraday trader taking profits twice and entering twice is the other option..
+1 Reply
SheriU Muzoeph
@Muzoeph, I’m better at finding out a good enter... but yes for traders .. agreed
Reply
Muzoeph SheriU
it's always nice to have good entry, its maximizes profit n' reduces losses
+1 Reply
SheriU Muzoeph
@Muzoeph, yes over time ... I’ve found it’s one of the most important things... I prefer a good entry and long hold.. always seems to work better :)
Reply
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