Bitcoin Cash is showing both MACD and RSI Bearish Divergence on the 4 Hour Timeframe at the Hi-ADR and this could result in BCH forming a Bearish BAMM to take it back down to the 0.886 Fibonacci Retrace at $99.67 if my projection is correct.
BCASH really took a nosedive since its all time high around $4500 down almost 99%, and has yet to recover even slightly. The previous bull run where most coins went to new all time highs or at least close to their previous all time high, Bcash didnt even come close and any gains it had made in that last run was deleted in almost one single weekly candle, which...
BCASH really took a nosedive since its all time high around $4500 down almost 99%, and has yet to recover even slightly. The previous bull run where most coins went to new all time highs or at least close to their previous all time high, Bcash didnt even come close and any gains it had made in that last run was deleted in almost one single weekly candle, which...
ya git mi lol action reaction chart let's see what happens NO ADVICE GIVEN
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0196). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BCHBTC is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.0196). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BCHBTC is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Roger Ver (aka Bitcoin Jesus) is going to claim this knock off is the real Bitcoin pump it pretty hard. Don't call this coin BCASH because he'll get very upset. It's the real Bitcoin lol.
Camarilla method
We'll see! Not advice. Take with a grain of salt as you should with all trading.
For those hoping for a cup and handle reversal it looks very unlikely, it looks like a typical wave 4 breaking the channel in both directions with a continuation symmetrical triangle. Bulls last point of defence is at $180, a break will likely see us down to $55 with a potential to go all the way to $20 on the yearly S2 confluence with the wave 5 target.
BCHUSD hit several resistances. Most probably going to target 72 - 107$ region. Not a deep analysis, just a quick look at the chart though. Roger Ver going to short the rest of his worthless BCH on you before it goes to 0 ;-) Happy short trading!
Searching a short entry on BCHUSD to possibly complete an inverse H&S. Target 1 entry: 358$ Target 2 entry: 364$ Target 1 exit: possible ascending triangle bottom ~240$ depending on when we hit it Target 2 exit: possible H&S target ~180$ HAPPY TRADING!
For now, everything issuing on like I said in previous idea. Please support this idea with your likes and comments.
unless bcash can show engulfing candles above these emas, i will be looking to short it. targets as shown.
BCH Resist @ $500, $640, $1300, $1650, $2950, ATH BitcoinCash has been suppressed underneath a two year descending trendline. A major crash in late 2018 drove BCH to super lows ($74) where it has established a new long term ascending trendline, BCH has been bull for 14 months now. It became even more bullish 7.Jan.2020 when it broke above the two year descending...
BCH currently performs wave 3. It's likely an extension will be formed (take note of the series 1-2 1-2). If this chart correct - next targets are 670$ and 900$. In case of extension im guessing that preferred level will be 900$. Like and comment this idea if it was helpful. Thanks.