Watch my daily technical analysis on Bitcoin & other crypto alts like BCH ETH EOS IOTA LTC BCH wonderfully breaks the neckline bullish at 880 after fakeout to the downside, with 3% potential gains. EMA 12 on 4H is now support, while 26 is resistance. We hadn't touched the 12 EMA since the big flush from 1100 down. 835 is now support on the 4H, while we have 2...
RSI is near oversold region. Trendline support is seen in the chart. Will this trendline support or will it break? NOTE - 1.This is not an investment advice, its just for knowledge purpose. 2. Any suggestions or idea will be appreciated as I am learning TA.
BCH/BTC has managed to increase a little and to stay above UML of the descending pitchfork and above the lower median line (LML) of the ascending pitchfork. Price failed to reach and retest the upside line of the down channel so a breakdown below the LML and below the outside sliding line (sl) of the ascending pitchfork is still favored. Only a valid breakout...
We're getting close to the end of this correction in my opinion. Sentiment for crypto is very bearish at the moment, so I'm expecting a spike up soon with BTC testing 7200 and BCH testing 1030. We have Bullish divergence on the RSI and we are very oversold on 6 and 12 hr Stoch. I personally won't be selling if we go a bit lower. We may very well double bottom...
If BCH manage to break it up, it should give us a nice leg up. Good set up to open long here at the break out of the apex or you can take the risk and open before for more gain!! If you want to gamble, you can go there bitmex.com/register/YsZ2K9 Trade safe!!
Short Sell: 0.149 Stop: 0.154 Target: 0.138 Term 3-4 days
Looks like a mini fractal is playing out. If you look at a smaller timeframe 1hr, 4hr, it looks like BCH is looking for a bullish continuation on an equilibrium pattern. I'm guessing this will take us to about 1500, at which point we the rest of the fractal will play out and take us back to the blue line. Let me know your thoughts!
Decreasing volume and triangle It means continuing UP! BTC looks good, so catch this coin. New BCH trend is obviously visible.
Bitcoin Cash (BCH)
New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume. *There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the...
Up we go - slowly but steadily ....
Hey everyone! This is piggybacking off a previous post (linked below). Looking at the 4-hour chart for Bitcoin Cash, I see 2 inverse head and shoulders near completion which could make an exciting trade setup up. The completion of the first inverse head and shoulder pattern should bring us to the neckline of the second set up. And hopefully, it will domino from...
BCH continues to impress with every swing, both up and down. It's my favorite coin to trade at the moment. I'm uber bullish on the future, but I do believe the major caps will dip down one more time to test their previous lows. For BCH, I'm looking at buying the 900-800 level, sometime in June. If we hold above the neckline (1400 area), this count would be...
BCH/BTC dropped significantly today and could inalidate the breakout above the upper median line (uml) of the descending pitchfork. Price has found a very strong resistance at the 50% Fibonacci line of the ascending pitchfork. A failure to close above this line could signal that the rebound is completed and the price could start another leg lower soon.
It looks very good for BCH on the daily chart right now w/ a green three . Happy short term trading.