RSI (14) holds an important 40 level and we have a higher high on this 20-day chart.
The final confirmation of a breakout will be the second 10-day close above the local (0.03212653) and previous (0.032824498) highs:
Ascending triangle drawn on 4hr chart (similar to LTCUSD as well as ETHUSD) and applied to 1 day chart due to relevant moving average resistance above triangle to be cautious of. A move above $313.30 would create a new swing high while breaching the 50 & 200 Day MAs (that are trying to bear cross) making the trade a position worth risking. The measured move for...
Won't take it but interesting.
Price is sandwitched betweet to weekly SR levels.
Indicators are giving mixed signals.
Bullish channel of HHs-HLs, double bottom near trend-line breakout.
Bearish retest of bearish breakdown. Retest of bull breakout possible.
BCHBTC pair looks like it will do a bearish retest and fuck of 25%
If BTC does 20% to 8k level that...
Looking like Bitcoin Cash is in an area of interest. Possible volatility coming with it perched close to the resistance of a key area on the 6 hours.
Rejection could see a drop-down to the pivot (depending on Bitcoin stability) however a breakout could see it reach levels from the start of July.
- Still on the larger part of bearish channel trend.
- See the chart to see detail for upcoming resistance and support for short term.
- Indicators remain bearish for now and extremely oversold on 1 day chart, i expect a bounce in near future.
- DMI : -DI (seller power) is beginning to stalled,+DI (buyer power) and ADX...
EW count says it all really. Target is 0.003232, or a 90% drop from here over the next few months.
First target will be the 0.026 region. Depending on the bounce there, we can decide if this 90% drop scenario will play out. Stop should be on that white line.
A closer look at the elliott wave count. Note that we broke the...
Looking at Bitcoin Cash on Binance for 3 Day Chart, it looks like we have reached earlier resistance levels and possible channel (a bit early to tell at this point). Odds look bearish to me. Will see how this plays out.
Why buy BITCOIN when you could have the next best thing?! The Chinese Knock Off version!
But Crypto is throwing a party and everyone is invited - yes even YOU BCASH! Just don't throw up in my kitchen like last time.
This King Club of Turd Sandwiches, is somehow still around, and what...BULLISH?! Crypto, you wild!
Well anyways, I don't have a whole lot to say...
Bitcoin is hanging at the top edge of the no trade zone established over the last 6 months, this is a classic area for price to turn around so watch for a big market breakdown around this $5,235 price level. If you have been following my trades you will see that I have flagged it as a good shorting level.
As well, we can see there is a formation (red line)...