A look at Bitcoin cash

Cryptocurrencies are all the rage with their wild swings and stories of billionaires who are made every time it makes new highs.

With current news, such as

Bitcoin price: Cryptocurrency DROPS below 9k after HARSH words from federal commission

Bitcoin price: Why is bitcoin dropping today? BTC down 23 percent on Monday price

cryptocurrencies have been dropping like rocks.

Is this a chance or is this the road to the end?

Here is a Technical analysis for long term chart.

Bitcoin

Bitcoin is forming a bullish hammer at the broken resistance TL, if closes above the TL is bullish.

Bitcoin cash

 Bitcoin cash the result of the hardfork split from Bitcoin may be in the process of forming a butterfly. The pattern is not confirmed yet, as there is no candles in the chart. However, if bitcoin rises, the rest of the cryptocurrencies may be dragged up.

Disclaimer: This is not a recommendation to buy sell or hold.