$BCH (Binance BCC) looking overbought. If it breaks below the middle support we could see sub-600 dollar prices shortly so I've opened a position.
This trading stuff is addictive ain't it!
Bitcoin Cash is currently having an insane pump. Many of you probably have thought about shorting it or have already done so.
But be careful. Look at the massive amounts of shorts being opened during the pump. You do not want to get caught up in a short squeeze, which is what happened for XRP. Instead, if you wish to short it, just wait for a 50% correction and...
Bitcoin Cash (BCH) is no exception, support is being established at the same prices as before 2017 cryptocurrency market bull run. So after a 100% retrace, nothing left to sell since all gains have been wiped, Bitcoin Cash is ready to move again.
Let’s take a look at the chart, later on we can trade:
We’ve tested the 2017 support, from which level all...
$511 best place to open Buy after a pullback.
Technically Price broke up a triangle with powerful Volume. $511 is Mirror level
Fundamentally Fork is coming.
Bitcoin Cash Price Jumps 10% on Binance Support. Similarly as to all hard forks, its like a divident issuance. Therefore, price usually will fall right after the hard fork has occurred. This might present a good opportunity to short Bitcoin Cash on Bitmex right after the Binance snapshot has been taken.
"Binance would like to confirm support for the upcoming...
Analyzing the $BCH chart we can see a high probability of a down trend and hopeful retracement down the fibonacci level and moving averages.
My personal trade is as follows:
--open short position on 5x leverage at the .0750 level
--take profts at P1, P2
--close trade at the golden ratio .619 which also coincides with the 50 day moving average.
Gredy trade:
--...
Bitcoin Cash had a nice rally after news of a possible hard fork on November 15th.
Despite the good news, keep in mind after BCH has its rally, it will likely drop to normal price. Looking at Zcash, which also had a hard fork in June, it had a rally during news and declined since. I am expecting the same for BCH.
For now, you may choose to long Bitcoin Cash...
As I see BCH right now, it really looks like it´s bottoming out and forming falling wedges on several timeframes. It also didn´t have a proper retracement since May, so we should see one in the near future. The stochastic refuses to go into oversold, so something is pushing it up.
At the moment, it is just an unconfirmed idea and we are on the resistance. If you...
After 2 consecutive days of growth in which it has tested twice the Support Level of 419$, the price has bounced back, following the sideways movement that started after the drop on the 11th of October.
Even if the trading volumes are still very low, Bitcoin Cash remains one of the most volatile assets from the major cryptocurrencies, with a daily moving average...
While BCH has also broken it's trend line, we really need a break above $600 to signal a move higher.
MACD is itching to cross and RSI is lower than it's been in a while.
It seems it's just a matter of time before we get a move up.
Once we break $600 and really start moving up, my first target is $1,600.
Happy Hodling,
-Sherem
![BCHUSDT: [BCHUSDT] Bitcoin Cash vs Tether [820% PP]](https://s3.tradingview.com/n/NGW2xitC_mid.png "[BCHUSDT] Bitcoin Cash vs Tether [820% PP]")
