BCH has returned to the S/R flip breakout area to retest and has so bounced right above it on the 50%FIB level. We need to see a dip into this zone hold for any hope of move upside momentum but those odds might be getting slimmer by the hour. RSI seems to have topped out, hitting resistance and turning over at the moment while MACD hit its top and is about to...
BITFINEX:BCHUSD Bitcoin Cash is looking very nice for a trade right here, it just broke out of a 5 month falling wedge pattern with big volume, www.freeonlinetradingeducation.com , and it also pop above the 50 day moving average. We also have a positive divergence on the MACD indicator, where the indicator is moving up just as the price is moving down, which is...
Long Entry between $520-$505 Targets $592 & $637 Stop Loss $485.
BCH has been on fire since yesterday and we are currently right up against resistance trying to break above. We have found support around the 61.8%FIB level and are trying to break higher but Bitcoin is having trouble breaking out itself. RSI seems to be topping off here and moving sideways while MACD is starting to push up into resistance but might have some...
Buy - $555.0 Take Profit - $1100.0 Stop Loss - $400.0 ------------------------------ Target= +$555 Risk= -$155 ------------------------------ Risk:Profit = 1:3.5
Every time Bitcoin Cash corrected it made a reversal of 38.20% who knew it they did short at 38.20% level and made profit by shorting. Currently Bitcoin Cash is forming a descending triangle on the daily and the 4 Hour Chart. if you want to enter look for 400$ level if it become stable on that area.
BCH broke the trendline with decent volume yesterday, moving with the rest of the market but has yet again found it hard to break that $500 psychological barrier on its second attempt. I think it will take a leg higher in BTC for it to muster the strength pierce that supply area before moving quickly to $530 as RSI seems to be turning over right now, which mirrors...
Technical : I see many reasons to take on this trade. My personal bias for the market is bearish but at the moment everything is point at further upside. Elliott Wave Analysis : Since a few days we have been in a corrective triangle pattern which occurs mostly in Wave B or Wave 4. We can confidently count the first wave of the triangle as a Wave A. The final...
Bitcoin cash crash to 410$ 2018 low till now. Going inside a falling wedge since 3rd week of May 2018. According to 2 pol target we can see on the bch chart, the 1st target showing BCH to 260$-270$ and there is a Fib retracement level 127.20% at the exact target and the 2nd target is showing BCH to 410$-415$, at the exact target BCH did a bounce back as we can...
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
Bitcoin cash corrected 88.50% from its All Time High 4100$. Going under a falling wedge from May/2018. Now immediate resistance at 528$ and support at 48$ then 470$ if break we can see BCH at 400 to 415$ level. On previous swing high of BCH at 660$ 50 day MA worked as resistance. Trading at this level is very risky until more confirmation of price movement . At...
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.
Hello dear BCH fans, traders and HODLers! BCH just broke with a huge volume spike. We have now reached the previous highs of the equilibrium at 610, it is normal to see a reaction here from the bears. If we can break further, we have the previous resistance before the bear break on the daily at 645-650. To the downside we have the 525-520 Daily higher Lows as...
Hello my dear Bitcoin Cash traders! ;) BCH is still waiting for big brother BTC to make its move on 6.800: We are clearly inside an equilibrium right now, definitely more descending than penannt pattern, but of course, gonna highly depend on where we break with big brother BTC. Have fun watching! ;) If you had some value from my analysis, make sure to like &...
Hi guys, I got a feeling we are almost done making an WYZ correction and a good opportunity to go long is around the corner at around 325-350 price. Let me know what you guys think.
BCHUSD is making a pennants on 4 Hour Chart and tried to breakout upside 3 times but failed all the three times. Mostly breakout happens on 3rd try. it already tried to breakout upside but failed and no volume as well. Now chance is higher that BCH will breakout downside and will go to at least $415 level.