Buy 100% · Sell 0%
BCH USDT
Bitcoin Cash
Short summary for BCH
Scenario, levels and timeframe alignment.
Dominant share 100%
4 of 4 TF support LONG
LONG prevails on the 4h and 1d timeframes, while the 15m and 1h timeframes more often point higher. Shorter and longer timeframes are aligned, making market structure noticeably clearer.
BCH does not have enough closed trades for local statistics yet, but signals and the public feed are already available.
6/100
Quick check of tokenomics, liquidity and contract permissions.
BCH is better approached with patience right now. Main reference: 4h, current scenario: "LONG is late: do not chase".
Signal balance: buyers 100%, neutral 0%, sellers 0%. The current bias is on the buyer side, but entries should still be checked against the working timeframe. Timeframes: 4 of 4 TF support LONG.
BCH trade history is still building, so current structure matters most now: scenario, signal balance and chart levels.
Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin.
Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience.
Why was Bitcoin Cash Created?
The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to large number of transactions.
Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today.
Nov 16th 2018: A hashwar resulted in a split between Bitcoin SV and Bitcoin ABC