BCH - A tale of Woe

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
I am not short, but my bias sure is, Bitcoin Cash is looking pretty ugly right now, the hard fork being over didn't help anything. We have created this Head and shoulders pattern and have had it do the following:

1. DAILY MACD crossed down.
3. Head and shoulders pattern.
4. Broken short term up trendline
Nothing good

While it is possible that we could get another move up to this neckline, it seems unlikely that will happen. If we get a confirmed break of this $1,250 point that's bad news bears for BCH. We are going to $1,000 at least. If $1,000 breaks it will kind of be in no mans land in terms of support, we could see it fall hard. Right now BCH has been teasing this $1,250 break and even punched through it a little which isn't a good sign for a move to the upside. You want to see that support there BEFORE it hits those levels, not after. Not good.

BCH has had some good moves and people have made a lot of money, so it's worth keeping an eye on. I might have to see it fall pretty hard for me to be a buyer.

Happy Trading,
Comment: Not looking good, we are going down.
Comment: BCH is coming back up and hitting this technical support turned resistance area from 1250-1300 area.
It is looking great if you are flat waiting for a bargain :-)
How is that not looking good? I am short hahaha
hi is it good to short it now boss?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out