$BCH looking for a double bottom with a clear bullish divergence on 4HR chart. R/R is good here above 5 with stops placed under previous low. give a little distance on stop in case of stop run before run up. Green area is Daily order block supplying support. If $BTC ends up ranging for a few days I could see this going higher than what is projected on chart but...
Folks, we already broke a large trendline a couple weeks ago. Once we bust through this 630 area we are testing right now we will head to the 900 area. I imagine we'll get some consolidation and if we bust that area there is a lot of room for it to run up. Happy Trading, -Sherem
BCH is crashing very badly following a regression channel on the 4 Hour Chart and moving and hitting target exactly according to my previous analysis posted.
Bias on the daily chart is neutral, but we see scope for some upside on the hourly charts. On 1H charts, momentum studies have turned bullish and RSI has edged above 50 mark with scope to run further. Break above 1H 100-SMA will see next major hurdle at 1H 200-SMA at 542. Breakout at 1H 200-SMA will see test of 38.2% Fib at 547 ahead of major trendline resistance at 556.
Bitcoin Cash looks like it will bounce back to the upper trend-line to test it again. However, this move will see an increase by over 20%, while at the moment all altcoins incl BTC are low and looks like they go even lower. Let me know if you think BCH is strong enough to do it?
BCHBTC chart here is showing a classic falling wedge pattern Judging by historical support/resistance, the bottom is very clear here. We can simply put our stop loss under 0.1 key support and a get a very nice trade with risk reward ratio greater than 8 ***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
I was checking BCH out and noticed from weekly to hourly. This typically means it has no choice but to go up from here and could run out of steam at the moving averages (800) or the next resistance line (880)
Bitcoin Cash to test the upper trend line of the funnel. The green area should be the deciding point on whether it is going to breakthrough or continue in the same manner. I look forward to hearing your ideas too.
BCHUSD going up for next target area.
Regards, Updating Bitcon's current cash scenario, I see it transiting an ascending channel started from $ 645 @ $ 781 starting from yesterday a decline from its lower retest around $ 710 to settle at current levels of $ 773 to $ 760. In the idea of the possible projections for greater probability upwards, this is due to the fact that a pennant that represents...
Bullisd Divergence 4H. Last wave of fall. Oversold. Channel creakout - trend will turn to bullish. My levels to buy
Looking at BCHUSD over the past period, I believe we are presently either in the start of wave 3, or at least in an area that isn't going to much lower for the time being. Looking at the chart, we've had an impulse wave up (wave 1 in dark blue), followed by a deep ABC-correction (wave 2 in dark blue), retracing to 91,8% of wave 1. Even if the present correction...
enter after the breakout.
Key points The price of Bitcoin Cash has risen above the resistance level of $1550 and $1700. There is a critical line of the bullish trend, which is at the level of $1680 on the four-hour chart (Bitstamp data) The pair can adjust, but there is strong support at $1650. BCH broke the barrier at $1700 and is likely to be able to hold this position. There was...
Buy when the price goes into the cloud. Put Likes
You can hate on Bitcoin Cash all you want, but Bitcoin Cash has outperformed all of the other cryptos by far. it took just 2 WEEKS for it to DOUBLE. 2 BLOODY WEEKS! What is really tricky about this is identifying a trading opportunity, which right now I don't see any. I do think it's a good time to take some profit. You could risk shorting it as the charts...
BCH/USD extending upside from multi-week lows of 603.30, bias higher. The pair has taken out 1400 handle and has hit 9-week highs of 1438. Price action has shown cloud breakout which raises scope for further upside. Technical studies support upside, momentum with the bulls. Next major resistance above 23.6% Fib lies at 1644 (Feb 18 high). Immediate support lies...