First support is no more support. Looks like free fall.
Building a position here, bcs my experience with BCH is that always he pumps hard, and above all tops.
Sl below @ 0.02-0.019
First tp1 is @ 0.027
I will long hold this position, or maybe even upgrade it if price fall.
-Bitcoin Cash weekly chart view is still sideways
-It is trading inside a potential ascending triangle
-A clear flat area of resistance at 500 dollars
-And new upward trendline of support at 175 dollars
-BCH is likely to retest major support again
-Can we expect another strong upside movement after retest?
-There is a big chance because of good...
I don't follow Bitcoin Cash, but can't help but notice that it looks like it may bounce from here.
BCH IS of the original Bitcoin-chain and the chart does indicate it's meeting some resistance here.
Looks like BCH may reverse against BTC around here.
BCH formed a triangle formation globally with a base of 777%.
At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend. Enter on a breakout or pullback after a breakout of a given formation.
If you are not new to trading, then you can try trading...
I predicted a rise on the 14 and it happened.
Now, it will all depend of BTC that has good chances to move above 11200 in the coming week.
It's all written
We could rise back to 270 and hopefully after reclaim 320 again.
Watch out for whales moves as they played us a bad trick early september
BCH / USD pair If you are not new to trading, then you can try trading within the global triangle.
Moreover, a fractally symmetrical triangle of 23% is formed there, which can act as an upward pennant of 53%.
Enter on a breakout or pullback after a breakout of a given formation.
Globally, the BCH main trend has formed a symmetrical triangle formation...
BCHBTC chart is only looking bearish in my opinion, we are below two important resistances, but I am seeing a bullish divergence on RSI which means that we can see a pullback or a short term bullish rally.
But don't expect much more than that, the chart has a lot to show us before starts to look bullish.
Buy on 1 hour chart
Sell on 7h chart
Sell on 3 day chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
-Bitcoin Cash is on an accumulation phase
-Trading at key support area or pivot zone last Dec 2018 history
-BCH is also forming a potential Descending triangle pattern
-Which is a bullish reversal sign if confirmed
-If you are a long term trader
-This crypto is perfect for your taste
-Because you are buying a demand zone
-But always remember to buy only...