This pair has just broken the descending triangle in a very aggressive bull move. I am projecting it to go a little higher. BCC has only been on the market since this month and a lot of movement has happened. I will not be surprise if it goes even higher than what I indicated. Trade with care.
After failing to remain on the uptrend line shown in my previous idea, BCC / BCH is still showing consolidation action slightly below the $300 level. After a long time of consolidation there are neither buy nor sell signals, which means we will have to wait for a clear one to show itself soon. This technical analysis is based on the fact that after consolidation...
Apologies for those who love Bitcoin Cash I'm not a big fan of it as it stands today (tomorrow is another day I may love it). I was asked to comment on Bitcoin Cash so for what it's worth there is a Risk Reward 1:1 trade. Now for me, this is NOT a trade I want to take, for several reasons: a) I think BCH is finding its feet and I don't want to tie up my capital...
Normally, we are considering the falling wedge pattern is bullish. See below link: stockcharts.com
Looks like we have a mini-breakout here. There was a volume surge and it seems that BCH is taking the leftovers from the OMG and NEO trade. As for the exact price direction, .089 is the first target. If it goes beyond .09, then expect higher highs and lower lows. If we cant reach that then we could stick to bouncing on support.
Take a look at the chart. This is a 15minute setup, so expect to be in and out in under 24 hours for some quick gains. I have been patiently waiting for this setup to unfold and the price is now coming right where I want it. Confluence of .50 fib A wave. .-113 of Lower degree A wave within B wave. Rsi oversold And divergence. Please do your due diligence....
After its mega pump and dump, Bitcoin cash is aiming for a second round. After doubling in a day, it aims to take another 50% increase (or 3x in a few days). It is a clear cup and handle, with a target at 0.18BTC. However there is strong resistance between 0.14-0.16, where you can sell and buy back in lower before the final target. So if 0.12 is broken with high...
BCHBTC is making a move again. It could be the last wave before it corrects towards the strong demand zone. Watch the price action at the resistance level indicated in the chart above as it could break up or break down.
BCHUSD Update: This market has gone from the 190s back to 350 within 48 hours and is worth evaluating because it offers attractive short term trading opportunities at the newly developed support levels. I have not updated my ETH chart because I would just be repeating myself, it has only gone slightly higher while still in a resistance zone. Meanwhile BTC and BCH...
We have 3 probabilities here: 1. (Green) If buying pressure is very strong, it could break the strong supply zone and go beyond it. 2. (Red) If buying pressure is weak, then we could move sideways for a bit longer until the supply zone is depleted. Staying too long on this zone would be bad. 3. (Orange) If selling pressure begins to rally, then look for BCash to...
After reaching the high at 811.00 for 1BCH the market reversed and started the great journey to the deep of the financial markets. We can use tick data only for several days and this analysis can be based on the 15m time frame only. This time frame is not so reliable as hourly or daily charts, but we can try to spot possible reversal and entry levels. The market...
I do not really see big impact of the BCC (BCH) on the general BTC trend. On August 8, I see a price for BCC (BCH) at about 250 USD. For a BCC (BCH) up to 450 USD, this means a Down at BTC to about 2,650 USD. In the case of a crash from BCC (BCH) to USD 50, this means than a BTC up to USD 3,050. These are all "normal" movements at BTC. So, the overall BTC trend is...
Hi All! Today we long BCC (Bitcoin Cash) . Developers around Bitcoin Core acting like dinosaurs . 3 years cannot implement blocksize increase. Stick with Jihan on this. Long story short: twitter.com Entry: 0.09 Target 1: 0.15 Target 2: 0.4 Stop-Loss: 0.069 Happy trading! ;)
Just like when ETH forked, ETC got dumped super hard then climbed back up. I expect similar things from BitcoinCash.
As you can see, the current price BITFINEX:BCHUSD is as of this writing 10% lower than Kraken KRAKEN:BCHUSD . This is a good indicator to see a possible future price. There is a lot of support for BITFINEX:BCHUSD KRAKEN:BCHUSD that many might not see. I can tell you now that my honest opinion is that we will see $450 and higher in the coming 1-4 weeks....
That Bitcoin Cash sure don't look healthy!
Cryptos are "Fibo-Business". In this way I have analyzed BCHUSD. It is to be treated with absolute caution. It is pure speculation. ;-) But the up and down has been strictly in accordance with fibo, so perhaps the future course according to the fibo-levels too. So, I currently see two scenarios from 8 August onwards. First of all a course around 240 USD until the...
This post is for discussion only. I'm very interested, what do you think about Bitcoin Cash? Are you going to sell it when you have such opportunity? Are you going to buy it when you have such opportunity? Do you think Bitcoin Cash is better than Bitcoin? Please, share your ideas in comments. As for me, I just want to reply on many questions in my private chat...