It is almost midnight on Christmas Day and I am tired and indecisive.
Couldn't decide between flag or inverse head & shoulders.
I will probably wake up in the morning and both were invalidated.
Anyway Im long 0.0416
Possible entry at current price level 0.0436 or long breakout / right shoulder, I would wait to break 38.2% fib 0.0450
Take Profit 0.0468
BCHZ18 is looking to breakout soon, according to the pattern we see on the chart above.
This is a symmetrical triangle and its a pattern that can broke either way.
Seeing that trading volume is decreasing and price action is being compressed a breakout will happen soon.
A break-up can lead BCHz18 straight to 0.0521 followed by 0.0546 if the first resistance can...
After the Hard Fork mess up, BCH tanked with no hope to recover.
What was supposed to be a regular "After Hard-Fork" phenomenon didn't stop at 100% retracement of the Hard-Fork pump.
Formed new ATLs mutiple times.
This beginning of downtrend can be seen at the break of HTL after the pump.
We tested HTL 3 times.
I made a post about this downtrend about to get over...
Well, ever since that dump from Hard Fork, it has been constantly dropping.
We are at Test 4 of HTL break out.
Forming a symmetrical triangle too.
Decision time -> Less than 24 hours
Short Term - Bullish
Long Term - There is no Long Term with shitcoins.
How am I trading this?
I'll be keeping an eye on this one.
A close above...
Yes, I'm serious.
I drew this wedge a week ago but wasn't really expecting it to make a stop at the support.
Now that it has, it looks like it could turn into a really good LONG trade.
BCHZ18 is already at it's lowest. Well it is if you ignore that dirty wick to 305.
I'm going to wait for a a bullish 4hrly close before jumping on it.
So, basically this trade is...
YOYOYO, I'm back, busy as fuck as usual, but still following market and trading on the side.
BCH doesn't look good :
Higher Lows/Lower High
Price is squeezing
In my opinion, this looks like a bearish pennant. I'm aiming at 0,0442, but wouldn't be surprise to see a SL hunt below 0,0438.
Bitcoin Cash has been consolidating in this area for a while. Currently has had a correction down, and if we can hold this area, it should start heading up.
Thanks for viewing! This trade is being taken as there is a long signal.
Keep in mind this could fail, so set a stop loss below the low. If there is a stop hunt, buy back in.
Currently Bitcoin is testing...
We got a nice retrace to the optimal fib zone, wicked just past the block that sent us to previous lows, AND made a Swing Failure Pattern on the hourly chart.
This looks to me like the price took the stops to the left and wants to go lower than this.
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Below i have made my new prediction for Bitcoin Cash on BitMEX
!IF WE GO BELOW 0.045 WE WILL CRASH!
Hello Lads and Ladies,
Welcome back to the TJs TA Session, today we will be taking a glance at BitcoinCash and why this might be a good LONG position.
After multiple signs of a turn in trend and a massive 35% retracement on BitcoinCash, we seem now to have found a decent level of support. Here we are as well experiencing a lot of action which is giving us a nice...
I successfully called the BCH bounce and short squeeze in the last idea. Please view for yourself.
Right now after the short squeeze, price is free to move down. Be careful about buying BCHZ18 on Bitmex. You could be burned. Do not leave any positions overnight unless you are fine with a 10% drop.
I am not going to have an actual short position but it is a nice...
Other exchanges trading at 785. There is support there. Bitmex contracts trading at 634. That is all-time low. There is %23 difference between bitmex and other exchanges. That is insane to me... I don't understand this at all. Anyway shorters of this coin like me should have taken their profits there. There is no more reason to short. Hard fork is still coming. We...
The basics of the idea are explained on the chart. If price wicks to the stop loss cluster and moves back up, we know it is a very good long. If price drops below and stays there. could still be a buy, but not as safe. If scenario two occurs I probably won't take the trade.
So I expect another 6% drop from here into liquidity zone
1. Lots of people betting on...