Bitcoin Cash hard for is “Nakamoto Consensus, as Satoshi created it” WallStreetTechnologist. Bitcoin Cash finds a support at $570; bulls have eyes on $600. Bitcoin Cash was ballistic this week with significant gains that touched $640 to the upside. The bulls have found a new support catalyzed by the hard fork scheduled for November 15. Bitcoin Cash community is set to test the first Nakamoto consensus. As discussed by the WallStreetTechnologist: “We are literally seeing the FIRST practical application of a mass decentralized consensus system (aka ‘vote’) that needs no administrator, no organization, no coordination, no public debate, no polling stations, nor any face to face meetings! It is Nakamoto Consensus, as Satoshi created it.” Bitcoin Cash price technical picture While the community is patiently waiting for the hard fork, Bitcoin Cash price has been trimming the gains from the monthly highs of $640. The crypto has dipped below $600 as it explores the levels towards $550. There has been a support formed at $570 and a bullish reaction has emanated following the formation of the second shoulder of the head-and-shoulders pattern. A reversal is expected to continue as the price gains ground towards $600. The downwards trend has come to a halt and the ongoing bullish trend will face resistance at the 50 SMA currently at $586.67 and $591.33 (100 SMA) on the 15-minutes timeframe chart. Although the 50 SMA is still below the longer term 100 SMA, other indicators like the MACD (heading north) and the fast stochastic oscillator, buried dip in the overbought regions are viable buy signals. $600 is the breakout point that will revamp the trend supported by the hard fork in the coming week. Bitcoin Cash has in the past embarked on a sole recovery mission this year where it almost touched $1,800. The same is likely to happen in the next 8 weeks before the year ends. BCH/USD 15′ chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD: Rallies Likely Short-Lived As Long As Italy Risk Lingers – Credit Suisse Yohay Elam 4 years Bitcoin Cash hard for is "Nakamoto Consensus, as Satoshi created it" WallStreetTechnologist. Bitcoin Cash finds a support at $570; bulls have eyes on $600. Bitcoin Cash was ballistic this week with significant gains that touched $640 to the upside. The bulls have found a new support catalyzed by the hard fork scheduled for November 15. Bitcoin Cash community is set to test the first Nakamoto consensus. As discussed by the WallStreetTechnologist: "We are literally seeing the FIRST practical application of a mass decentralized consensus system (aka 'vote') that needs no administrator, no organization, no coordination, no public debate, no polling… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.