Check if you can rise above 3000MA.
If all the MAs converge on the 3000MA or above the 0.04175987 point, it is expected to exert tremendous power.
No matter how the price of BTC moves, we expect to see a big rise in the end.
At this point, what should be considered is whether to buy BTC or buy major coins.
*If we close below the 55EMA (blue line); Expact a drop towards the green box of support. This is a really good buy entry zone.
*If we find support on the EMA and break the first red bo; we can potentially rally towards the second red box.
>>> It's a waiting game now....
Brief Summary: BCH/BTC has entered the 1st standard deviation of the 200 MA on the 4H chart (purple band). The taget is the 200 MA, and stop losses should be set above the purple band.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to...
This looks insanely bullish to me for some reason... I just have this feeling in my gut like this is a harbinger of things to come for the entire market with BTC making the smaller gains if you know what I mean.
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.
We are active with Bitcoin Cash (BCHBTC / BCHH20) on a SHORT with 7X... Let's take a look at the chart.
Bitcoin Cash moved first and with strength leaving others behind.
Right now, we can see a bearish candlestick for the last peak as well as momentum is lost.
If you look at the MACD, you can see it curving down while the histogram is going lower.
BCH possibly will give us a short opportunity if the header and shoulders that it seems to be created were confirmed after crossing the neck line.
We suggest to open short position with the target at the 0.5 and 0.618 of Fibonacci and with the stop above the right shoulder.
Please, support this idea with your like or with your comment. Your are...
Bitcoin Cash retracing to 353 or lower to 335. Both strong support zones and Fibonacci retracement levels, so good to buy there and go long.
Currently at 376 support which is 0.618 Fibonacci. If price will manage to stay above that will be very bullish. At least BCH may bounce to 410 - there it will form potential right shoulder of H&S pattern, and finally dump =)