Bcash been running along side with BTC this recent spike. The kumo cloud is acting as support and pushing up the price. I think this might be on a similar run like $VTC did before. Just a simple and quick charting let me know what you guys think.
Updating by looking at 1-hour time frame from a 4-hour time frame previous post. Los Angeles 6:36PM I wanted to update the indicators RSI and ADX on a granular level. What to look for: ADX is healthy that is running above 25+. RSI is above 60+
BCASH 4 HOUR TIME FRAME Breakout Confirmed BULLISH. Los Angeles 4:54 AM. I don't own a lot of BCASH so I'm comfortable just selling my portion at Target Price 1. I don't think Bcash will have the strength to reach Target Price 2 or Target Price 3 unless you're waiting out for a couple days. I think in December the market is going to have a strong finish. I do...
Updating to show current indicators. ADX must stay in the 25-50 range to continue its bullish trend. ADX at 25-50 does not necessarily mean it will only uptrend - when ADX is 25-50 it could also show significant strength to the downside. Please do a quick read up on ADX. www.investopedia.com Previous Post:
BCH Bitcoin cash dropped to support level around $330 and holding. In descending wedge that's close to breakout. BCH has been selling off with the other alt coins today, but they have started to recover. RSI indicator showing Oversold and starting to turn up. Might be a good time to start picking up some cheap BCH for possible bounce up. Targets at next fib...
Wanted to publish it yesterday, but was to scared to call a bottom on bcash. I don't want to trade this scam, but if others want they are free to do so. I just like what I see in this chart and I am putting my emotions aside to post this. My RSI 21 OHLC made one of my best and most profitable patterns : Hit RSI trendline, in an extreme oversold condition and then...
BCash failed and people realized that it is not Bitcoin but just a useless coin for miners. TD indicator shows a slight possibility of a bounce tomorrow but it should fall further down. Sell volume was rising on 4h chart. Overall, the chart will be identical with other pump and dump shitcoin charts.
Hey Guys, I hope everyone who saw our post yesterday changed their coins to Fiat and we are now waiting for our buying point. Not a lot of people believe in the idea of BCH, but the coin does hold a future with the solid back up of Roger which can be seen in its last rally from $295 to $970 in less than a week. That means you could have easily got more than 3X...
Bcash consolidated well and the market crash didnt hit it hard. Now looks like a breakout, you can buy now or until 0.13 levels, would be breakout point If it goes under 0.12 we sell it, maybe stoploss .15
Hello everyone! So BCH hit the 0.618 FIB which happened to be the 2nd of the 3 support zones. It also hit the broken resistance line which turned into support. Now BCH has slow blocks, which makes it a lot easier to pump (it means users can't really deposit coins into exchanges to sell them, so the already restricted supply, gets more restricted). Miners sold...
Just look at how beautiful this cup and handle looks. It seems that BCash has been gaining traction from the miners because of lowering the mining difficulty. If miners flock to BCash, its price would also move positively. For now, ride until BCash's wheels fall off. For now, BCash just needs to create the handle before a bigger move up.
Expecting one more pump with difficulty adjustment coming up for miners. Afterwards dump with consolidation at $600.
If BCash remains to have an uptrend slope (sky blue dotted line) then we could potentially see a cup & handle. If uptrend is broken and we see more downtrend slopes, then this idea will become invalid.
Looks like we have a mini-breakout here. There was a volume surge and it seems that BCH is taking the leftovers from the OMG and NEO trade. As for the exact price direction, .089 is the first target. If it goes beyond .09, then expect higher highs and lower lows. If we cant reach that then we could stick to bouncing on support.
Seems like BCash will be moving on a dead cat bounce pattern, but that is still to be confirmed. There are two demand zones which I see here (refer to the rectangles in the chart). These zones could be a potential reversal point, but if it goes down then expect BCH to go lower.