BarclayJames
Long

Signals are building for a BCHUSD pump

BITTREX:BCCUSDT   Bitcoin Cash / Tether
BCHUSD             day chart

According to the aroon indicator the price is in consolidation when both aroon up and down (orange and blue) are under 50. Accordingly BCH has just come out of a consolidation phase. Aroon also says that when aroon up is near 100 and aroon down is near 0 we have the start of an uptrend. This corresponds with the previous BCH pumps as well as the current situation.

I think a new ATH             will occur on the gold             line joining the previous two ATHs and the fib time extension suggests the new ATH             will occur on or around Jan 28. It'll be interesting to see if there is anything to these indicators as I'v never used them before.

The only thing is volume is a little low, but volatility is also high according to Volatility Indicator so maybe helpful.
Comment: I wanted to add that the bitcoin market is quite important for us. You can see that there is a positive trend correlation between BCH and BTC, that means when BTC goes up BCH goes up and when it goes down BCH is going down etc etc. The only difference is the scale of the change:
snapshot


Here is a close up of BTC now
snapshot

you can see we are riding this yellow trend line. We just broke a local minor downtrend (purple) and I think there's a real possibility of coming up through the red ichimoku cloud. imo the interest will start coming back to bitcoin and bitcoin cash soon.
Comment: This is a great long-term chart for BTC imo:


and here is another:


right now I'm hodling and I DO NOT SELL MY BITCOIN CASH
Comment: ahh the charts are by TheTrex and crypto_bugga respectively
Comment: NEWS: GDAX reopening BCH-BTC trading 17 Jan
https://twitter.com/GDAX/status/951863685533741057?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fhype.codes%2Fblocktrades-added-support-bitcoin-cash
Market crash. Still holding.
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Thanks for TA! It would be very interesting if BCH hit 7k in the next few days!
+1 Reply
@money78, You're welcome. That would be interesting, but I'm not assuming the date is exact so it's probably less. I also think this pump will happen in the context of a BTC reversal and uptrend so no cashening :)
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