BCHBTC went parabolic since yesterday due to the Bitmain IPO. But it remains a fundamentals trainwreck. Approaching fast long term resistance at 0.092 and oscillators showing the way to a juicy short. But some elements are still missing confirmation, will follow-up.
Looks that BCHBTC will follow the same pattern: pump, followed by double top and big dump. You can sell 20% at the top, add another 20% when double top is formed and the rest of 60% of the position after support is broken. Good luck.
bitcoin cash btc ratio trend analysis
Bitcoin Cash just had a breakout with really good volume. If support above the first resistance and the MA can be established, I'd say that continuation is very likely. The move is supported by bullish divergence on the Daily RSI. It's a very tricky situation right now, because Bitcoin seems to be bearish and Altcoins usually follow. I'd say its possible that we...
Every time Bitcoin Cash corrected it made a reversal of 38.20% who knew it they did short at 38.20% level and made profit by shorting. Currently Bitcoin Cash is forming a descending triangle on the daily and the 4 Hour Chart. if you want to enter look for 400$ level if it become stable on that area.
Here is a quick look at Bitcoin Cash (BCCBTC). * We have slowly increasing volume, over the long term and decreasing price. * BCCBTC price touches strong support (yellow rectangle) and bounces with increasing volume. * Really strong bullish divergence on the MACD. * RSI bouncing out of oversold. * Early signals of formation of a bottom. * Bitcoin Cash is...
That's daily chart and both short and long term favors bears. There is a wall of supply in our opinion: short term 0,09 and 0,11/012, then long term all the way up to 0,15/16. Line in the sand for bulls around 0,05 . First sellers line up towards top of that downtrend channel.
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 17th of September 2018 . Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 20.79% PROFIT!!! The increase in price may also be explained by positive developments including: ...
BCH broke the trendline with decent volume yesterday, moving with the rest of the market but has yet again found it hard to break that $500 psychological barrier on its second attempt. I think it will take a leg higher in BTC for it to muster the strength pierce that supply area before moving quickly to $530 as RSI seems to be turning over right now, which mirrors...
Preppin an Entry here... Yes, a large buy zone. Disclaimers and all that... Longmoney
After yesterdays drop through the support area, BCH nearly hit our target by a few ticks but profits were still taken on the trade as it played out perfectly. Being flat now waiting for a potential test of the support area now turned into resistance (S/R Flip )is a wise move as we are now in no-mans-land. RSI is turning back up while MACD has flatlined shows the...
BCC is one of the top currencies, when enter than now? Partialy buy at the price drop. Dont go allin. Or wait longer? Too much about BCC do not see, why? I dont know.. I think we are approaching very strong support, but I'm amateur and all my analyzes are purely like a hobby, I do not understand too many technical aspects. Trade at your own risk. I dont like...
#BCH #Long (BitMEX Or Binance) #Open: 0.0697-0.0704 opend last night #Targets: 0.0715 (we hit 2 sats under) 0.0729 0.0735 0.0750 #Stop_Loss: 2-4%
Looks like a bearish divergence on the RSI with lower highs on higher RSI levels at previous prices. Throw in some Craig Wright drama with Roger Ver, pending forks, technical questions and continued development on the BTC competition, short looks obvious to me.
Currently, we sitting on the round number area at $500. We have tried to break this two times and those attempts were unsuccessful and currently the last 4h candle close gave us a minor break below the $500 (close was $499.5) and currently the last 4h candle formed a pattern called "Dragonfly doji"/"Hammer" which indicates that the trend could turn around so, we...