Conclusion for today’s Bitcoin Cash technical analysis: The downtrend is expected to continue with 0.02388 as the minimum target if the 0.03095 price level is breached.
Bitcoin Cash Analysis (BCH/BTC) for today is provided using a log scale on the Daily timeframe candlestick chart. The downward trend on the Daily timeframe is highlighted using a bearish trend...
A bullish set-up has developed for Bitcoin Cash on BitMEX (BCHU19). This is no surprise, of course, Bitcoin is retracing so the altcoins finally get a chance to breathe and grow... and the altcoins market is surely starting to heat up... Lots of profits can be easily collected with patience in the weeks to come.
Back to the chart...
We have a bullish...
Higher Lows in price and RSI=Move to the upside
Potential Targets shown on chart. Looking like a pretty bullish chart in my opinion.
MACD crossed bullish and bar size increasing showing strength.
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- Still on the larger part of bearish channel trend.
- See the chart to see detail for upcoming resistance and support for short term.
- Indicators remain bearish for now and extremely oversold on 1 day chart, i expect a bounce in near future.
- DMI : -DI (seller power) is beginning to stalled,+DI (buyer power) and ADX...
In part 1, I analyzed the market caps of Bitcoin Cash 2019 to Ripple 2017
In part 3, I'm analyzing the price action of Bitcoin Cash 2019 to Ripple 2017
BCHBTC 2019 = XRPUSD 2017
1. Same pattern: sell off into M pattern
2. Identical 200D EMA
3. Identical 200D EMA breakout and breakdown
4. Identical 4 touch support found
BCHBTC 2019 = XRPUSD 2017
Next move: a...
Bitcoin cash has been trading this triangle since the December 2018 low. I am looking for a high volume breakout with conviction to confirm pattern otherwise I will be trading my targets on my previous chart linked below.
Ascending triangle breakout target: $800s
Elliot Wave targets: $520-$960 (boxes on chart)
$bch many Request of Many #Crypto Friends I share my Opinion about #BCH
Still I am bullish on #BitcoinCash and still my Target is 600$ and 800$.
Chart Looking Bullish.
I never trust on negative #FUD in the Market.
but stay away from June contract on #BitMEX
for more Updates please follow my Twitter: twitter.com
When Wave 3 is less than 1.62, the 5th Wave overextends itself.
From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3.
Extended Wave 5 = either 0.62 x length
(beginning of Wave 1 to top of Wave 3) or = length of
(beginning of Wave 1 to top of Wave 3) or = 1.62 x length of
Bitcoin Trash at ~450 support zone - not the strongest one but it worked out twice already. If Bitcoin won't dump (which is the biggest question of all), it may start bouncing from here. IF the King falls hard, which is also a possibility, ABC will fall down to the next support at 430 and maybe lower to 410. Last seem to be the strongest one.
update on $BCH,Reached support at ~.045s sats as our previous analysis was seeing
RSI entering oversold levels
UCTS Sell signal on the 1D and 6H charts
I don't see signals of bouncing/reversal here yet but stay alert (many iterations in the past with good results)
Bitcoin Cash ABC has lost support on the 100MA and will likely now fall like a dead weight until it reaches at least the 200MA, where a bounce back up to the 50MA (which by then will have dropped from current levels) will be highly likely. This free Moving Average indicator is linked below...
Save crucial space on your Trading View chart by utilising my free to...