we have likely just found our support on wave 3 and are going up to around 500-516 area where I will likely be shorting once more with stop below wave 1 lows of around 520 with a target of 78.6 retracement at 460 like I mentioned previously as that is our last zone of support for now , if that does...
next off we have bch against btc, its pretty similar to what we have seen in bch/usd , the targets for this retrace are likely around 0.079-0.08 and I will be looking to short with a target of 0.072 and stop at 0.0805 for a nice risk to reward on this setup #batman
Many scalp ideas have played out that were posted in discord. Still looking for the clean break of this major level and
weakness to be found, in which case swing trade shorts will look good.
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Below i have made my new prediction for Bitcoin Cash on BitMEX
!IF WE GO BELOW 0.045 WE WILL CRASH!
Hello Lads and Ladies,
Welcome back to the TJs TA Session, today we will be taking a glance at BitcoinCash and why this might be a good LONG position.
After multiple signs of a turn in trend and a massive 35% retracement on BitcoinCash, we seem now to have found a decent level of support. Here we are as well experiencing a lot of action which is giving us a nice...
From the last post 'BCCBTC Bitcoin Cash the entry point':
It was suggested that the support zone should be in somewhere ~0.08, I personally bought some there
And by the time i write this post, the price booms to about 0.0847
Quoting the analysis from the last post:
Other exchanges trading at 785. There is support there. Bitmex contracts trading at 634. That is all-time low. There is %23 difference between bitmex and other exchanges. That is insane to me... I don't understand this at all. Anyway shorters of this coin like me should have taken their profits there. There is no more reason to short. Hard fork is still coming. We...
Bitcoin cash has 9 more days before the hard fork is implemented. Its very likely that we are going to top around 15th November for this impulse. Therefore, its likely we can see more upside action in the next week.
So as we all know there is BCH hardfork announced on 15th of November, we have seen an impulse leg targeting the resistance level followed by flag-ish pattern right under. I think we will see another leg upwards after we break out of this triangle.