BCH Breakout - How BTC will react ? by cryptopassion

View this thread on steempeak.com
bitcoin · @cryptopassion · (edited)
$7.39
BCH Breakout - How BTC will react ?
Hello all,

The Bitcoin Cash (BCH) just went out of the triangle which has been created and kept since several days now.

This is a clear bullish signal which needs to be confirmed in the coming hours because we have always the risk that it returns inside the triangle and even use this movement to drop below the triangle.

![BCH.jpg](https://steemitimages.com/DQmRUAsPvoaFm51WraiPnRVsYvNkXwyH99nqq9SffC74yyp/BCH.jpg)

However, as I explained you in my previous article [here](https://steemit.com/bitcoin/@cryptopassion/bitcoin-vs-bitcoincash-new-high-for-bitcoin-drop-for-bitcoincash) , it would be really interesting to see now how the BTC will react in the coming hours.  

The last days, we have been able to see that the BCH is decorrelated from the Bitcoin. When the BTC was dropping, the BCH was increasing and vice versa. 

I really hope that this breakout of the BCH is not the first sign of a coming correction for the BTC. Please keep in mind that we are on new highs on the BTC and that a major correction could happen soon and be used by the BCH to confirm his breakout.

Take care,
*CryptoPassion.io*

PS : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions.

Version française ici : [[FR] Breakout du BCH - Comment le Bitcoin va-t-il réagir ?](https://steemit.com/fr/@cryptopassion/fr-breakout-du-bch-comment-le-bitcoin-va-t-il-reagir)

[![CryptoPassion-Bannière.jpg](https://steemitimages.com/DQmPUVQGwLT9h8TUYnGrejuq8k1E2dXn3NCCGxAjDFGEGUp/CryptoPassion-Banni%C3%A8re.jpg)](https://steemit.com/@cryptopassion)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id11,558,281
authorcryptopassion
permlinkbch-breakout-how-btc-will-react
categorybitcoin
json_metadata"{"app": "steemit/0.1", "format": "markdown", "links": ["https://steemit.com/bitcoin/@cryptopassion/bitcoin-vs-bitcoincash-new-high-for-bitcoin-drop-for-bitcoincash", "https://steemit.com/fr/@cryptopassion/fr-breakout-du-bch-comment-le-bitcoin-va-t-il-reagir", "https://steemit.com/@cryptopassion"], "image": ["https://steemitimages.com/DQmRUAsPvoaFm51WraiPnRVsYvNkXwyH99nqq9SffC74yyp/BCH.jpg"], "tags": ["bitcoin", "trading", "money", "cryptocurrency", "crypto-news"]}"
created2017-08-31 10:19:00
last_update2017-08-31 12:31:27
depth0
children13
net_rshares2,149,722,580,505
last_payout2017-09-07 10:19:00
cashout_time1969-12-31 23:59:59
total_payout_value6.998 SBD
curator_payout_value0.394 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,623
author_reputation1,093,676,521,224,968
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (62)
@randowhale · 
This post received a 2% upvote from @randowhale thanks to @cryptopassion!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!
👍  
properties (23)
post_id11,558,595
authorrandowhale
permlinkre-bch-breakout-how-btc-will-react-20170831t102423
categorybitcoin
json_metadata"{"format": "markdown", "app": "randowhale/0.1"}"
created2017-08-31 10:24:24
last_update2017-08-31 10:24:24
depth1
children0
net_rshares995,525,841
last_payout2017-09-07 10:24:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length211
author_reputation47,497,053,264,845
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@prakashghai ·
$0.06
Wow - Looks like a Big Move is Coming

hope this is not a False Breakout
👍  
properties (23)
post_id11,558,670
authorprakashghai
permlinkre-cryptopassion-bch-breakout-how-btc-will-react-20170831t102459686z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 10:25:48
last_update2017-08-31 10:25:48
depth1
children2
net_rshares16,899,988,348
last_payout2017-09-07 10:25:48
cashout_time1969-12-31 23:59:59
total_payout_value0.042 SBD
curator_payout_value0.014 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length72
author_reputation20,469,682,718,075
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptopassion · (edited)
This needs to be confirmed. Currently it is a bullish indicator but let's see in some hours if it can continues to move up because the BTC is increasing also now so it could freeze the BCH.
properties (22)
post_id11,567,148
authorcryptopassion
permlinkre-prakashghai-re-cryptopassion-bch-breakout-how-btc-will-react-20170831t123614956z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 12:36:12
last_update2017-08-31 12:49:54
depth2
children1
net_rshares0
last_payout2017-09-07 12:36:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length189
author_reputation1,093,676,521,224,968
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@prakashghai · 
at $596 we need to wait for more time
properties (22)
post_id11,575,418
authorprakashghai
permlinkre-cryptopassion-re-prakashghai-re-cryptopassion-bch-breakout-how-btc-will-react-20170831t142755146z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 14:28:06
last_update2017-08-31 14:28:06
depth3
children0
net_rshares0
last_payout2017-09-07 14:28:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length37
author_reputation20,469,682,718,075
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@minnowbooster ·
@minnowbooster upvoted this post!
![@cryptopassion got you a $1.55 @minnowbooster upgoat, nice!](http://minnowshares.net/upgoat/?user=cryptopassion&receiver=cryptopassion&value=1.55&hash=125)
*@cryptopassion got you a $1.55 @minnowbooster upgoat, nice! (Image: pixabay.com)*
---
[Want a boost? Click here to read more!](https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta)
properties (22)
post_id11,559,263
authorminnowbooster
permlinkcomment-1504175727450
categorybitcoin
json_metadata{}
created2017-08-31 10:35:27
last_update2017-08-31 10:35:27
depth1
children0
net_rshares0
last_payout2017-09-07 10:35:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length373
author_reputation230,261,973,332,657
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@matuca · (edited)
$0.06
At this moment the btc $4663 ... you think that a low comes?
👍  
properties (23)
post_id11,560,115
authormatuca
permlinkre-cryptopassion-bch-breakout-how-btc-will-react-20170831t104911136z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 10:49:09
last_update2017-08-31 10:49:48
depth1
children2
net_rshares16,899,988,348
last_payout2017-09-07 10:49:09
cashout_time1969-12-31 23:59:59
total_payout_value0.042 SBD
curator_payout_value0.014 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length60
author_reputation2,479,958,677,629
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptopassion · (edited)
Yes I see that the BTC is continuing to increase.
Kinda hard to know at this moment, the BCH is consolidating and the BTC increasing. Perhaps the BCH will return inside the triangle, as I said, it is a possibility. 

Now you need to be careful with the BTC, because I already noticed that the BTC likes to do a new high and do a  correction the same day.

Let see what will happen and try to understand the logic if there is one ;)
properties (22)
post_id11,567,642
authorcryptopassion
permlinkre-matuca-re-cryptopassion-bch-breakout-how-btc-will-react-20170831t124314770z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 12:43:12
last_update2017-08-31 12:43:27
depth2
children1
net_rshares0
last_payout2017-09-07 12:43:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length431
author_reputation1,093,676,521,224,968
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@matuca · 
now $4852
properties (22)
post_id11,696,230
authormatuca
permlinkre-cryptopassion-re-matuca-re-cryptopassion-bch-breakout-how-btc-will-react-20170901t204428493z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-09-01 20:44:30
last_update2017-09-01 20:44:30
depth3
children0
net_rshares0
last_payout2017-09-08 20:44:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length9
author_reputation2,479,958,677,629
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sadhiq ·
$0.06
The BCHEUR shows another kind of triangle but it doesn't show any breakout...
What's your opinion on this?
👍  
properties (23)
post_id11,560,957
authorsadhiq
permlinkre-cryptopassion-bch-breakout-how-btc-will-react-20170831t110318851z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 11:03:18
last_update2017-08-31 11:03:18
depth1
children2
net_rshares16,899,988,348
last_payout2017-09-07 11:03:18
cashout_time1969-12-31 23:59:59
total_payout_value0.042 SBD
curator_payout_value0.014 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length106
author_reputation5,964,246,104
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptopassion · (edited)
To be honest, I look only the charts in dollars. We could start to check it in different currencies, in yen also why not. So yeah I focus only on the chart I trade. But as already explained, all these info are indicators, it is never 100% sure. Let say that you have more probability that it goes in that direction. 
Please use these info to do your own analysis and make your own opinion.
👍  
properties (23)
post_id11,567,447
authorcryptopassion
permlinkre-sadhiq-re-cryptopassion-bch-breakout-how-btc-will-react-20170831t124025185z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 12:40:24
last_update2017-08-31 12:50:45
depth2
children1
net_rshares1,047,827,218
last_payout2017-09-07 12:40:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length389
author_reputation1,093,676,521,224,968
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@sadhiq · 
Ok, thanks. That's how any info should be used :)
properties (22)
post_id11,649,708
authorsadhiq
permlinkre-cryptopassion-re-sadhiq-re-cryptopassion-bch-breakout-how-btc-will-react-20170901t094629648z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-09-01 09:46:30
last_update2017-09-01 09:46:30
depth3
children0
net_rshares0
last_payout2017-09-08 09:46:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length49
author_reputation5,964,246,104
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemlit ·
$0.28
Let the Bulls keep running!
👍  ,
properties (23)
post_id11,561,138
authorsteemlit
permlinkre-cryptopassion-bch-breakout-how-btc-will-react-20170831t110628638z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 11:06:27
last_update2017-08-31 11:06:27
depth1
children1
net_rshares80,989,622,136
last_payout2017-09-07 11:06:27
cashout_time1969-12-31 23:59:59
total_payout_value0.209 SBD
curator_payout_value0.068 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length27
author_reputation2,171,034,208,886
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@cryptopassion · 
Bulls are always better for most of people hehe but it is possible also to earn some money when it is bearing also :p
properties (22)
post_id11,567,232
authorcryptopassion
permlinkre-steemlit-re-cryptopassion-bch-breakout-how-btc-will-react-20170831t123737155z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-08-31 12:37:36
last_update2017-08-31 12:37:36
depth2
children0
net_rshares0
last_payout2017-09-07 12:37:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length117
author_reputation1,093,676,521,224,968
root_title"BCH Breakout - How BTC will react ?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
Help/Feedback