Situation report: a bullish morning star appeared on the 4 hour chart of BCHUSD (see rectangle)that could confirm that BCH is on its way to the second resistance. Also 50 ma doesnt show any signs of downward movement on the 4 hour chart. See also my BTCUSD chart in related ideas. OBV and Accum/Dist are still in divergence
This can indicate a breakout due to this descending wedge. Make sure to have stop loss ready if it's a false breakout (~10%). I would only buy in if I see the breakout myself, never before. BCH is one really risky coin to invest in, by the day. I would only do it if your risk assessment is high. I still believe in this coin for long position, however :)
BCH looks all set for a rally towards 100 MA amid forming a solid base on 200 MA (30 Minutes time frame). Also consider the negative correlation between BTC and BCH which could be another plus point for the pair, as Traders expect another correction in the BTC. Profit and Stop-loss levels are highlighted on the chart. However, 100 DMA stands as a partial profit...
If you are a fan of Bitcoin Cash and see great potential in this "altcoin". If you don't care that any long trade can be closed by stop because of unstable market conditions. If you want to become a rich guy and do it very quickly (it's a joke). This trading idea is for you. Like in the previous trading idea we got a price reversal from one of Moving Averages....
BCH in a falling wedge , 1, 2, 3 and 4 hour RSI's seem ready to make a comeback. However, with SO much hype around this coin, RSI's aren't true indicators of future price movement. For day trading, i would buy at 1000 if we dip back down. Take profit around 1200 short term or HODL if there's another bull run. As always, make sure TA tools are on your side,...
BCH moving in Falling Wedge, should touch support line.
Yesterday BCH didnt breakout and double bottom pattern didnt confirm. now it looks like its in a falling wedge pattern. Any upward breakout of the red line could lead for a reversal. Also tere might be a relationship with BTC,when BTC goes down, BCH goes up. Next thing thats interesting is that OBV and Accum/Distseem to be in a divergence while there is a price...
Once again BCH bounced off the .786, which has turned into a fantastic scalp. However, the key thing to watch out for is a break above this wedge. My plan of action: I have placed additional longs to trigger as soon as we have a candle close above the line. So watch closely! As a day trader, I will likely take support at each fib level that shows any form of...
- Ascending Broadening Wedge Pattern => Bearish Pattern Its easy to watch for resistances on the path of BCC at $1300 and $1500 www.elliottwaveanalytics.com
First thing I noticed was the green consolidation area. Price has been coiling inside of it. The red wicks look like a move to get people to FOMO and panic buy/sell. Basically shake them out out of their positions. Then I noticed the trend has also been bouncing off the pink trendline, that, together with resistence around ~$450 makes a bullish ascending triangle...
Adam & Adam double bottom breakout. BTCUSD is in critical range it seems it broke out downward from the pennant.
Se è vero che siamo alla fine della seconda onda, allora la terza onda arriverà a sfiorare i 4000 USD!
Looking for the A leg to fall as low as €984 making a good 0.%50 retracement to place a target of €1844. Move brakes down if close below €758
POLONIEX:BCHUSDT It seems like we just made a Head and Shoulder Pattern on Bitcoin Cash, as seen in the chart. The price objective would give me a negative number, so there is no point on calculating it. But I would expect a deep retracement on it, maybe all de way to $400 dollars. We’ll see, good luck to you.
Last night, BCH jumped above its resistance lines, triggering the correction that everyone was nervous would be a crash. During the day, the price mostly consolidated, without breaking its trend. This trend has been broken through recently, and it even broke through the newest support line. Expect a large bounce above or at $1k support line. Bitcoin Cash's...
Bitcoin has regained some footing after rejecting the $5000 handle. This weekend the Crypto Spread indicator measured tremendous outflows to the Altcoins, specifically Bitcoin cash. BCH managed to dethrone Ethereum momentarily as the number 2 cryptocurrency by volume, but this was short lived. Currently, the pendulum seems to be swinging back to BTC, as it...
This is my prediction for BCH longterm. Crypto currencies run in a fractal pattern (BTC to $180, then correction to $80, bull-run to $1000 in late 2013, correction until summer 2016, then to $7800 a few days ago - rinse and repeat). The same goes for BCH, but un steroids.