Currently, Bitcoin Cash has made pretty nice recoveries but soon it reaches into the resistance. The resistance free area starts to become over and it is time to take some profits.
Those who are in mid-term position on BCH then they should consider taking some profit around $400.
Those who want to take risky short-term trades, right now, on BCH consider that the...
Bitcoin Cash price on Friday is on the back foot, down in negative territory by some -2.5% in the second half of the session.
Next major target for the bulls will be for a return up to the $400 price territory.
BCH/USD Breakout and sable 303 level Buy this position first target is 331 level next target 340 Area and final target is 400.
BITMEX:BCHM19 Bitcoin Cash is holding above the important 1H support and I am waiting for a certain reaction of the coin. I assume probability of an accumulation and movement up to the place of structure at least.
Dear friends, do you remember how many posts and comments in this platform used to say "Bitcoin Cash is the New King?"
From the beginning, I did not understand for what the cryptomarket and community need this coin. For me, BCH was a useless coin from the start. It was rather difficult to discuss with BCH fans that "BTC is the King" and "BCH just a piece of shit"...
Forget whatever your paid group analysts are saying about bitcoin cash.
All you need are these 4 Support/resistance levels to develop your trades.
- Long the retest of support (75% range level)
- Target- Mid Range, 25% and Range High
- Stop loss- below range low
- Trust and Follow what plan A says, forget plan B, Real trader doesn't need...
One of my friends called SV delisting as "mental orgasm" I totally agree with that. Bastards responsible for BTC dump from 6k to nearly 3k, that rekt so many good traders, are now rekt themselves. RIP BCH SV.
So what it brings to ABC? First of all money from SV went directly into ABC and pumped the price by 10%. As SV will slowly be delisted by other exchanges,...
Bitcoin Cash is overvalued. There's crypto coins that are indistinguishable in use from this trash and cost 80000% cheaper. *cough* BTX, BTG, BTD *cough* The only purpose this coin has is to make Roger and Co cash in a quick thieving scheme stealing the brand of bitcoin. 36% of last 7 days blocks of bitcoin cash is mined by Bitcoin.com AKA Roger and Co....
Not too complicated TA combinations on this one. Purely based on the fact that every +200% rise on BCH after the All Time Highs, ended with a decline. Obviously during the bear market the price broke the low, while since the December bottom, the sole +200% rise pulled back to its 0.786 Fibonacci.
If the current rise gets completed at +210% again, then that puts...
Reasons for open position:
- if price will break trendline we can open a long position after pullback
- and if price will break level at 265$, after pullback we can open short
Target for long is 333, for short is 209
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Bitcoin Cash (BCHM19) can also be shorted though this one looks less exact. We have the same bearish divergence I showed on the ADAM19 short.
If this analysis comes true, I am looking at EMA50, or near 0.786 Fib. retracement, as the next and main support.
There is huge profits potential here (ROE) but remember that all of my BitMEX trades are for advanced...