TP1 0,032350, TP2 0,034500
Risk/Reward: 1/3, 1/5
Breakdown downtrend line, aggressive bullish momentum, successful testing and price rebound from the support level.
The priceline of Bitcoin Cash ABC / Bitcoin cryptocurrency has completed a bullish BAT pattern and entered in potential reversal zone.
From here the price action can hit the sell targets soon insha Allah.
The targets are:
Buy between: 0.032792 to 0.028410
Sell between: 0.043266 to 0.058977
Atif Akbar (moon333)
Bitcoin Cash (BCHM19) is starting to move. As you might know, we have an active trade for it which generated 45% ROE already, but, this trade is on the 4H time frame, so it is only valid for the SHORT term.
Looking at the daily time frame, there is potential for more... Please allow me to show you:
We can see a beautiful ascending channel.
We have increasing...
We are looking at Bitcoin Cash ABC (BCHABC or BCH, depending on which exchange you are using) long term, weekly time frame, and the charts are starting to look quite bullish... Let's take a look:
Bitcoin Cash ABC touched bottom on early December 2018 just like Bitcoin, so Bitcoin Cash knows how to follow its dad. Anyways, after this low an uptrend formed, we...
BCHABC looks gorgeous. We have Adam eve bottom pattern, we have cup handle, we have inverted H&S we have 21 MA bellow prices, we have MACD crossing bullish, OBV bullish, bullish flag being broken.
$BCHABC $BCH Support at 0.05BTC not hodling after a few retests...
Next support at 0.045 Sats (let see if it can hodl again... )
UCTS Sell signal active since April 21 on the daily (15%+ already)
RSI & MACD Falling..
Potential ABCD bearish pattern un play..
This is still potentially a bit early as price is resting under the .051 area which seems to be an important resistance and support area , but BCH has held up pretty well. It is still fighting with the .051 area. It has had a few spikes through, but fallen back below each time. Although it is currently under this area, I think there is the potential this can go...
2018: THE YEAR OF ETHEREUM linked below.
Bitcoin Cash to gain 15%-20% total market dominance in 2019.
Comparing Ripple 2013-2015 to BCH 2017-2019:
2013: Ripple created
2014: Ripple 2% dominance: ibb.co
2015: Ripple EXPLODES to 15%-20% dominance: ibb.co
2017: Bitcoin Cash created
2018: Bitcoin Cash 2% dominance:...
I couldn't help but get a little giddy after looking at BCH's daily MACD this morning. So I gave the chart a closer look and here is what I found. (**I'm using the BCHXBT chart from Kraken for a more complete price history.)
BCH has this repeating fractal after a large pump which it has completed five times before. The current price action is...