BCHBTC binance pair has formed a bullflag, included a fib extension targets. Alligator is currently 'eating' the three lines are stretched apart and moving higher denoting trending periods. This is the best time for long entries. Included a Jaw, Teeth, Lips diagram.
As we have outlined first tren reversal in Bitcoin Cash here on Tradingview and made on this more than +40% already - our first target was fully reached. It's a good time to take profits here. I am still expecting to reach the second target ($260) immediately or with a little pullback to our new Key Support level ($220), where you can add into your long....
The price correction and formation of pennant:
After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the price action is going through the price correction period since Jun 2019 Upto Dec 2019.
Now the price action is hitting 0.786 Fibonacci projection of lowest point of Dec 2018 to highest point of Jun...
Looking at BCHABC's daily chart, I believe we have a very bullish set up. In fact, I'm surprised the price isn't higher as bullish as the MACD is. This very well could be an indication that the price will soon jump. The price action has broken out of a descending wedge and appears to be repeating a pattern it did in April. Not only does the price action match that...
The price got stuck in 300 zone. On the backtest we see, how MM drops out everyone from triangles in this zone. Control your positions here. Have some extra money to buy more at the lower levels. Good luck everyone!
BITCOIN CASH - BCHABCUSD - Technical Analysis - 37.4%-518% Profit Expected
Big Move Coming Up ... 5x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
Target Profit Range - 158 - 448
(37.4%-518% Profit Expected)
Priceline of Bitcoin Cash / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Price action is getting bounced from bollinger bands support.
Volume profile is showing less interest of traders at PRZ level but MACD is...
Looking at Bitcoin Cash's daily chart, we can see the price is currently testing overhead resistance. The setup isn't ideal as the price action looks like a giant bear flag. But the MACD has a bullish cross over the signal line and with all the positive price action in the alt market the past couple days, it wouldn't surprise me to see BCH go on a bull run of its...
I wanted to share this beauty of a chart by the team at Monero.
I love geometry, shapes, waves and everything else in between. I wonder where it will head to next...A, B or C? ;)
At Purple Crypto Premium, we have had a ripper of a month in September of precision trades with on-point signals.
Total trades: 3
Profiting trades: 3
Losing trades: Nil