Chart speaks for itself.
Been long this for couple days. looks like another push is coming here we are flagging on the 15minute chart and looking to take out 1600 which could start the next push
If we dont see any major manipulation today, we are on the 4th wave as of this writing, I dont typically chart Poloniex for this as the volume is not to my liking for accuracy, but Poloniex has seen some massive interest in BCH.
Didn't really post this in time but figured i would share anyway, breaking out exactly as expected.
Overbought RSI Rising wedge ABC retracement Bull trap.
my idea is positive , so people don't be afraid , its normal what happening , bch still powerful )) hope everything will be good for us )) thanks.
Now don't get me wrong! Everybody's waiting for the Bitcoin Cash to reach previews highs. Most traders were watching for the 1000's level to find the sweet spot buying the market, after that instant bounce from 2860 and the beginning of a correction. Looking now to the 240min chart what we may see is that price is testing the upper parallel of a rising channel...
eToro and Bitstamp, announce plans to support this crypto currency.
So many are bullish towards Bitcoin Cash after its huge leap to 2799. What I am trying to paint here is another scenario for Bitcoin Cash in the event that Bitcoin takes another correction to the 5000s before moving beyond 8000s.
Looks like bitcoin is retargeting and will become more profitable to mine than #bch bitcoinCash, this will not do... Satoshi says the price needs to go higher, much higher... Maybe if it becomes profitable enough everyone will switch to mine $bch and the $btc chain could come to a halt, with not enough hashrate(mining power) to solve blocks... expect confirmation...
BCH has seen price recovery after that massive spike. The price has broken through three major resistance levels. Eyes on 1550, thats the next major resistance line. Volume is still strong at time of posting, but if this wanes we could see price dropping to 1320. Im long, but lets not go all in just yet.
Bitcoin Cash has recently retraced back down to the daily MA cloud, and appears to be bouncing off of it and moving to the upside. Good momentum on the Daily with the well positioned StochRSI is giving a good entry signal.
This is another idea i see that bch will go up to 1450 maybe more in this days . hope it will be true ))
After the massive run to 2500. bitcoin cash has pulled back to support and started to round. we had our first leg of the move a few hours ago and now been consolidating above vwap curling up for the next move. I think this 2ndary move should trigger in next hour or 2 with risk down to the vwap area.