BCH doesn't look too strong following it's pump. Im seeing a descending triangle inside of a head and shoulders pattern. However, we have not broken the neckline. Therefore, this is a speculative short position that I am taking. Target is the first resistance turned support.
Allot of people asked me to update BCH including my own members, so here it goes :) The big rally we had the past week when we broke the wedge happened with allot of volume. Confirming this move up completely. 100% textbook, just like some other alts have shown as well. If this was not crypto and if there was no Bitcoin, i would be 100% confident on this trade....
BCH has returned to the S/R flip breakout area to retest and has so bounced right above it on the 50%FIB level. We need to see a dip into this zone hold for any hope of move upside momentum but those odds might be getting slimmer by the hour. RSI seems to have topped out, hitting resistance and turning over at the moment while MACD hit its top and is about to...
Long Entry between $520-$505 Targets $592 & $637 Stop Loss $485.
BCH is also looking more bullish lately. It has been a very weak one the past 2 months but things might be turning around now. Big chance it's inside a bull flag now, so we could see a small drop first before going up again. The first green should hold as support to keep this flag valid. The second one is important to keep momentum 50/50 in the mid-term.
BCH has been on fire since yesterday and we are currently right up against resistance trying to break above. We have found support around the 61.8%FIB level and are trying to break higher but Bitcoin is having trouble breaking out itself. RSI seems to be topping off here and moving sideways while MACD is starting to push up into resistance but might have some...
BCHBTC (UPDATE) - Still 150% Profit Protential Buy siganls: > Top volume > Huge breakout > RSI very fast at oversold area (happens only with a strong momentum) > Counter trade: People are very bearish (Shorts are increasing rapidly) Previous idea:
Targets are 850 and 1200. This is my personal opinion and this is not a financial advice! Good trading!
I think the BCH price is so hot right now, so I cannot recommend to open long-term position because if you open the 1-day TF you will see the strong resistance line (100EMA) @0.093. However, I think this action on the card is a good sign to build small position for a long-term period. The MACD: bull trap The RSI is at overbought zone. The EMA lines: you see a...
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.