Looking at the flow of dominance, it seems to be a transfer of funds. As a result, BCH rose above 227.67. We hope to stay at this price point and climb above the light blue uptrend line. Watch how BCH moves in time with BTC's inflection date.
BCH / USDT are considering purchases near the Fibonacci level of 0.786 at a price of $ 180
BCH is forming a head and shoulders pattern, which is currently being confirmed by volume, as the volume is decreasing steadily at all 3 peaks. If the bears sink the price below the neckline, that will be a very bad signal. Once the head and shoulders pattern is successful, the next price could be at $167. On the other hand, to be able to enter the uptrend, BCH...
I think the current position is an important point. I just hope the price will rise above 227.67 and keep it. If it falls once again, it is likely to fall to 166.74. We have marked the inflection date of the BTC, so let's see what happens before and after the inflection date.
It was off the last line (227.67). The box section should be formed above 227.67. Too early to draw a new trend line. I need to watch a little bit more.
Expect a downturn in the price of a particular currency, which is influenced by the movement of the bitcoin price. Every investment and every trade is a risk, so you should always do your own research before making any decisions. We do not recommend investing money that you cannot afford to lose.
When we look at the overall flow. I touched the sky blue uptrend line on BTC chart today. However, I'll have to wait until the RSI goes below 30 and comes up.
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Still further tightening with clear profit potential in both directions, depending on what grandpa BTC does now.
I'll give the coin a chance and buy some at $6.5 or prolly will just cash them out to get a lambo
Hello Tradies! There's so many people focused on BTC it's getting a bit boring. As promised to Purple Crypto members, here is my analysis for BCHABC/USDT (or Bitcoin Cash). It is showing positive signs of an uptrend on multiple charts. On this 12H chart: - rising Stoch RSI - rising TRIX - rising MacD - some selling activity and - a steep rise in the stoch RSI...
We can play in the horizontal channel, enjoy!
BCH is considered to be one of the best coins on Bitmex for gain. Wait for a breakout either side. At least 50% profit with 10x leverage!!
The priceline of Bitcoin Cash / US Dollar has formed a bullish butterfly pattern and entering in potential reversal zone. I have defined the targets as per Fibonacci sequence plz find below: Buy between: 270.41 to 246.82 Sell between: 288.75 to 333.09 Regards, Atif Akbar (moon333)
BTC resistance 9890-9920 support 10210-10280 daily long range 9980-10400 Trade idea buy limit at 10050 20-50x s/l 9970 t/p 10400 BCH good news, 30% at 300 hold till month end. Please like our idea by pressing like. Feel free to comment below and we can strike a meaningful conversation. Find us at Telegram below for updated free ideas. t.me
if BCH break that line i marked in the top we have a great bullish to the green marked line :) G.L.