aside from huge spike, a nice wedge is forming in BCH/BTC. watch for the break up or down out of the wedge but make sure there is volume.
Stay on the lookout for yes, ANOTHER bullish breakout of BCH
OK higer low , support hold it coul be the moment before nice move will create HIGER HIGH . we start buy the coin to day morning .Check up the analysis and make resolution we think the buy will bring nice profit , buy and hold is our strategy and profit you must to take about you .
Just trying out an idea for a few friends. Nothing rigorous - just a practice.
this is an update on the evolving considerations of bitcoin chart: www.tradingview.com
The crazy bull-run from Bitcoin Cash could be about to come to a halt. There is a reversal pattern forming. If support is broken, we might see a drop to the fib level 0.618
Trade set up for this. All details on chart. We will find out within 1 hour.
Over 200% in a few weeks? We need a short plan! A breakout from the support at $885 should bring a huge selloff where we can add short positions all the way down to the pivot support at $535. Be advised, there is a classic fibo support at $582 which can reverse the market pretty hard. Here;s a closer look. Cheers and GLWT! -Erik
BCH has hit top. WIll probably crashing down.
BCHBTC already break trend down, and heading to bullish confirmation. if bullish confirmation break up, we can set target at 0.10466
After closing our longs from our previous thread, the RSI made a selling signal, we continue to trade in a downtrend channel, and we have failed to trade above the major fibo resistance level. The selling pressure may be returning! We had a bearish confirmation at $639 and a minor uptrend line break. One more white uptrend line remains to be tested. Over Bitcoin...
Consolidation under the local maximum level The penetration of the level of 0.5% Fibo enables the profit
In this comparative analysis, we can notice how, before mid-October, BitcoinCash and Bitcoin had a negative correlation (marked by the purple arrows as price action from both repelled each other), and as the Elliot Waves cycle on BCH initiated around October 23rd this has shifted to a positive correlation, as rallies in BitcoinCash mimic those in Bitcoin at a...
The market bounced off the 0.618 fib retracement and the bullish momentum is still on. Our target is 0.10424.
Price brokeout R-resist. and now will break the next r-resist. When will breakout - waiting for rising. Use Supply zone as target (680-690$)
BCH hit support at 0.078 Bullish movement continues?
Price brokeout R, its mean continue rising trend, but.. Bitcoin cash brokeout S-support line of continuation movement, so I expecting some correction to R(mirror support)(will short) then continue rising (long position)