Market is very bullish. Short term upside target are 277 at 200SMA 1 hour And 291 for 4hr. T1 - 277 t2 - 292 T100 - 2000 T150 - 4500 Insane fomo in the market.
H4 On D1, the price fluctuates around the cloud. The triangle model of correction is visually clearly visible. Conclusion: Locally, we recommend selling when the RSI reaches an oversold level on the H4 and when the price will reach to the Fibonacci level of 36.8% and 23.6%. H1 At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is...
Shorting @ 228. or just wait for rejection from trendline. need tight follow parallel to BTC .
Bitcoin Cash retracing to 353 or lower to 335. Both strong support zones and Fibonacci retracement levels, so good to buy there and go long. Currently at 376 support which is 0.618 Fibonacci. If price will manage to stay above that will be very bullish. At least BCH may bounce to 410 - there it will form potential right shoulder of H&S pattern, and finally dump =)
Sadly BCH has created a weak structure, head and shoulders pattern. On top of that, it's touching the falling channel which started in June. It looks like we are going to correct lower. With the first support at the indicated price. Things could go much lower based on how the chart is going to develop or we could bounce at the indicated target. Not a financial...
BCH tested Fib 61.8%. more chance to short now. chance to test higher fibs as well but more on short.
The market has just plummeted, but for a classic pattern trader I still have to share with you the bad thing about BCH / BTC. BCH SELL OR SHORT (X3) FROM : 0.0270-0.02750 TARGET 1 : 0.02400 TARGER 2 : 0.02000 SL : 0.02950
I'll give the coin a chance and buy some at $6.5 or prolly will just cash them out to get a lambo
BCH is considered to be one of the best coins on Bitmex for gain. Wait for a breakout either side. At least 50% profit with 10x leverage!!
In my past BCH analysis we have seen down rally got support near $275, and we used it as buying during pullback wave. As we can see from our 4 hour chart there has been price rejection around $325 resistance. The BCH is ready for downward moment. The new bottom we are looking here is (240) Target1 278, Target2 262, Target3 240 placed above support zone. Last...
BCHABC Trend Hypothesis > Green sphere represents buy zone, trend reversal > If the trend continues down this path, BCHABC seems to indicate over sold conditions (RSI level matching previous drop level) > Approaching strong support lines and backed by the 4hrly 200 EMA and Fib.level. 0.5 > Pattern flat towards the bottom > Seems to line up with BTC imminent...
Bitcoin cash broke support i will be looking for a short on a pullback on the S/R level. The box ive drawn shows a liquidity Gap which means that area has been traded through inefficiently so i expect this to be filled. I normally do not like to trade Bitmax altcoins but this setup is just A+ .
- Dropped below 4hr OB which previously acted as support - Take profit 1 = top of daily OB @ 7.80% - Final target is just under a daily low - will be shorting on BITMEX
BCH/USD(BITFINEX) ANALYSIS we have likely just found our support on wave 3 and are going up to around 500-516 area where I will likely be shorting once more with stop below wave 1 lows of around 520 with a target of 78.6 retracement at 460 like I mentioned previously as that is our last zone of support for now , if that does not hold it will be pretty bad for bch...