*Current price is holding key support. If we break this floor then I expect a drop towards the green box. We have a big gap in volume between these zone's >>> this means there's not much trading going on there.
*2D MACD is going down in volume .
*We got out of the red box in the RSI >>> I expect a drop to the green RSI zone for a bigger bounce in price.
BCHBTC binance pair has formed a bullflag, included a fib extension targets. Alligator is currently 'eating' the three lines are stretched apart and moving higher denoting trending periods. This is the best time for long entries. Included a Jaw, Teeth, Lips diagram.
BCHBTC Now Trading bellow 0.029 BTC.
And I told you many Time for Short at 0.03150 BTC
and Price exactly hit Our Target point and our position entry filled.
My entry was 0.03146 BTC and now I closed my 70% position.
still looking bearish BCHBTC.
my Target for BCHBTC is 0.025BTC.
but keep in mind one think.
if 0.025 BTC level break down then free fall till 0.020...
Bitcoin Cash btc pair Bullish before some days.
And 21% Up within last Week.
why it was pumped.
Because in daily candle Cup and Handle pattern work very well.
And still My Target of Bitcoin cash is 0.03150-0.03250BTC.
if this happened then I will short from there.
And My Target will be 2%-4%.
Keep an eye on Chart and Also eye on MACD and...
BCHUSD is displaying signs of a falling wedge within the channel trading region. A breakout upward may result in a break of the major downward trendline that has been holding this back for months. Or, it may simply push the price up to the trendline and fall back lower.
0.91 regression downtrend on the 4hr chart, smaller time frames can be less reliable with regression analysis, in which i refrain from doing this often, however this is a strong trend. Red fractal indicates following of the trend and a small downward move to the 0 fib line.
BTC continues its journey within the downward channel, finally breaking the weekly 100 Moving Average (as should be expected) with the help of the 21 daily exponential moving average... as usual, the trend is your friend.
Next major support: the weekly 50 Moving Average around $6800, although it is also likely we will stay within the downward channel and fall no...
$BCHSV hit the Golden Pocket (fibs btw 0.65 and 0.68 retracement) with great precision! Is the a conscience? Or could we see a big move to the upside? Place your bets now traders! I would put a stop loss at ~$120.00. For a more brave trader, or with smaller positions, $115 or $100 might look like a better stop area. With this coin not being as liquid as others, it...
In the current range, it is heavily compressed and in the event of a failure of the black range it can fall to around 183.
By analyzing the timing of lower frames, we expect a good move from this range
Hidden bearish divergence with LH and HH on RSI.
Bounce off the .5 retracement.
Looking for extension to 1.0 level of retracement (Target Level) which corresponds to downward resistance and accumulation zone.
*Not Financial Advice*
We have a major trend line to POTENTIALLY test. But mainly, after a 5 wave move, you always take the entire range to find the retrace. the .618 level and the BTC range of .021 - .023 are probable and should be seen as a buying opportunity. .033 was a triple top in late 2018 and should provide some resistance. after that, the fib extensions on this first (of many...
in 4 hour chart, Ascending triangle pattern sighted very clearly..
but it tell something different by looking with indicators
see a potential support or resistance through fib retracement line.
DMI : DMX is still rising mean momentum strength is still strong for bull for mean...