This pair is very good to observe I think there is 2 possibilities which are sky rocket again like BTC did or ending up trend due to overbought This pair is very interesting so we will check the move out together If you trade Trade with care If you like my work please follow and like
Recommending here a short sl at least at 508 and with at least i mean at least if you dont want to lose your money take this suggestion. This is not a financial advice if you want to copy this trade you can do it but you act on your own resposibility.
After failing to remain on the uptrend line shown in my previous idea, BCC / BCH is still showing consolidation action slightly below the $300 level. After a long time of consolidation there are neither buy nor sell signals, which means we will have to wait for a clear one to show itself soon. This technical analysis is based on the fact that after consolidation...
Looks to be wining up momentum for a break higher. Bollinger bands are getting pretty tight signalling a break one way or the other. With the divergence on the Stochastic RSI it indicates to me that it wants to go higher. It seems to be benefiting from BTCUSD moving downward. This is just an idea.
After Poloniex credited BCC / BCH to its users and nothing major happened, the market is now ready for some movement. The fear of Bitcoin Cash going down in price after another large exchange lists it is seen as the reason why it was in a rather long consolidation phase. The chart shows that the price has remained withing a certain range and is now reaching a...
Looks like it found .618 fib retracement for temp bottom on 2H chart and forming a flag pattern. Let's see if it breaks out soon.
BCH found support at 265 and bounced up, it is now trying to break the resistance at 344. Found good support at 310. Have a good day!
As you see in the last chart ( BCHUSD-15-Until-8-8-240-USD-than-2-ways-poss-65-or-440-USD/ ), Cryptos are "Fibo business" (Fibo Areas). Now we are in an new phase with BCH. The steam is out, but Fibo is still important. We need to interpret fibo in a different way. So i see two possible szenarios: more up to 520 USD or down to 230 USD further down. Currently I...
I see the opportunity to BUY this BCHUSD it start to be bullish again so Trade with care and enjoy profit If you like my work please help to follow and like Thank you
If it completes the flag pattern, meaning it reaches fib retracement of 0.618 level, at the same time, meets the trend line (pink), it has the potential to reach fib projection of 1.27 level. The entry would be around the yellow circle area.
Normally, we are considering the falling wedge pattern is bullish. See below link: stockcharts.com
Watch the red line. Poloniex going to add BCC on August 14th.
BCHUSD Update: This market has gone from the 190s back to 350 within 48 hours and is worth evaluating because it offers attractive short term trading opportunities at the newly developed support levels. I have not updated my ETH chart because I would just be repeating myself, it has only gone slightly higher while still in a resistance zone. Meanwhile BTC and BCH...
Keeping an eye on BCHUSD one of the most hated cryptocurrencies it seems. Well it has been beaten down pretty badly but now on the 30 min and 1 hr charts it's starting to look like a buy. Showing good divergence as well as that 20 Moving average rising and the 100 falling, a crossover would be another good indicator. Bollenger Bands are tightening very nicely...
After reaching the high at 811.00 for 1BCH the market reversed and started the great journey to the deep of the financial markets. We can use tick data only for several days and this analysis can be based on the 15m time frame only. This time frame is not so reliable as hourly or daily charts, but we can try to spot possible reversal and entry levels. The market...