(Analysis for Traders or fans of digital coins)
Before continuing reading I want you to take all these data with caution and it is your responsibility to apply them or not, as this is my analysis. It does not mean that it does, but I speculate on the basis of current data and events.
As I predicted in a previous note, we could see that most of my predictions were met. I will mention some of them below:
1- We could see that at the end of the month the price of most of the cryptocurrencys recovered their base price, which in most denotes a strong upward trend, which has apparently set a new floor for many of them.
2- We could also see how bitcoin after hardfork is recovering and is sitting on new bases apparently.
To check my previous prediction, enter here: https://steemit.com/bitcoin/@ivarwilliams/the-tsunami-is-coming-in-the-criptocurrencys-my-prediction-for-july-2017
Analysis and prediction for August
BCC-Bitcoin Cash
On 1 August the so-called Hardfork happened, which as a result of this came a new criptomoneda called Bitcoin Cash or BCC.
Many have doubts about this criterion, which are deciding to choose to invest in it even though it does not have much support.
As we see in the chart, BCC was already listed long before August 1 and its trend in only a few days was down, but if we did not look after the harfork, it began to become very unstable which apparently will continue for a Time until it receives the necessary support.
In places like HitBTC we can see that it gave an opening arriving until the 900 USD, soon began to descend uncontrollably.
In these graphs we can see a large index of volatility and instability with apparently bearish tendencies.
My prediction: What will happen to BCC?
"I think it will keep its price between 200 and 400 USD, for a long time to get the necessary support.
- BCC is able to establish a base by the end of September.
BTC- Bitcoin
Unlike BCC we can see that Bitcoin is much stronger, I think he has already planted a new floor that will only take him up.
As you can see the graphs that accompany BTC are very different, also the volume increased, which apparently can increase.
Well, you might say ... "This is a little bubble"
But the truth does not appear as one, because we can notice that its tendency to rise is not in an unbridled form, if it is not doing it gradually.
And if you notice this tendency arises long before the Hardfork, and still does not change abruptly.
My prediction: I think that BTC has been consolidated and if it continues like this we could see BTC arriving around the 4000 USD.
What do you think? What will happen?
Ivar Williams