Worst case scenario,
As BCHUSD moves into the month of October RSI is currently sitting within the 20/30 zones on the daily chart. BCHUSD will within the next three to five days indicate whether a correction is in store or whether further downside to $130 levels. If the support of $213-$200 is broken then a drop to the next support level of $173 is the next...
BCHBTC Looking bearish in one day chart.
In one day chart Bitcoin cash break down the Bearish pennants and we can see target 0.023 BTC and if it break again down then 0.020 BTC is strong psychological Support.
We can see some pump in BCH because or trap.
I am shorting and I also told you when prize was 0.026 BTc I told you I sort every pump.
and it went up to...
Here we have Daily BCH chart.
I wanted to point out the rising support line (yellow) BCH had going on since the bottom of Dec 2018.
Recent dump broke this support line, yesterday BCH tried to make the recovery above this line but it seems to be failed attempt. This is not a good sign.
If BCH manages to close above this line today we can have some...
The market has just plummeted, but for a classic pattern trader I still have to share with you the bad thing about BCH / BTC.
BCH SELL OR SHORT (X3) FROM : 0.0270-0.02750
TARGET 1 : 0.02400
TARGER 2 : 0.02000
SL : 0.02950
COINBASE:BTCUSD Shown in my previous post (linked) was how crucial holding the 125 daily moving average was to BTC. As soon as it closed convincingly below it yesterday, I went 100% USDC, and shipped them to my Nexo savings account. if you don't know about that, hit me up. Returns that beat the S&P500 average annual return over the last 30 years by more than a...
#Bitcoin is finally giving up and breaking down. I've been on the sidelines and ignoring all of the fake breakout attempts. Time to be patient, but a big buying opportunity could be coming (eventually). Ideally we drift down for a few weeks/months.
#BTC $BTC $BTCUSD #Crypto
We are currently inside an ABC flat correction. Look for the up move to 323 / 325 range. At that point, we will have to wait and see whether or not the correction pattern becomes more complex or not.
If the pattern does get bigger then we will get a hard rejection and fall back down to break the most recent low 303 / 300 range, before looking for...
Some thoughts and highlighted trendlines regarding Bitcoin Cash's quiet sideways movement, perhaps we'll see some movement from alts into 2020 now that attention is on Bitcoin. We have a head and shoulders possibility here to send us down, but I think that is already invalidated. H&S usually don't hold much weight in crypto.
Keep an eye on it!
Hi friends, looking at the chart Bitcoin Cash price was playing in the range between two horizontal lines. And recently in med-term (4H timeframe I mean), it drew Falling wedge, and broke up finally.
So what can we do at current minor signal of altseason?
Binance coin finally got golden cross (50EMA, 200EMA). and the price is at the support line I think.
Reached a new resistance at ~.033 sats and now is deciding...
In any case, I'm waiting to have a retest of prev resistance (potential flip to support OR a breakout above resistance and retest w flip for a potential long position
Volume, RSI and UCTS are bullish.
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...