Bitcoin Cash - Intraday - We look to Buy a break
Trading close to the psychological 300 level.
Short term MACD has turned positive.
278.6 has been pivotal.
A break of bespoke resistance at 278.6, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 299.7 and 304.8
Resistance: 278.6 / 290.0 / 300.0
Support: 270.0 / 262.0 / 257.5
Bitcoin cash's alligator status is currently 'asleep' on the monthly chart
I recommend this as a long term buy, based on the comparison to Litecoin's bullish alligator cross from sleep.
Litecoin at this time of alligator awakening skyrocketed from $5 to ~$300
All i know is that it is a big increase and should be acknowledged when looking at bitcoin cash's...
Bitcoin Cash reclaims support above $300 as buyers build the momentum to take down the $400 resistance.
BCH/USD faces increasing selling pressure at $310 ahead of the next key hurdle at $320.
Bitcoin Cash price hit a wall at $326 in the wake of rallying prices across the cryptocurrency market. A flash drop occurred culminating in a devastating drop to $245 on...
Sometimes when you're in doubt about a chart, you have to really zoom out to a bigger timeframe to understand where the bigger move is coming from.
Moves within moves, timeframes within timeframes. Anyways, we can see the 2020 coronavirus crash the price went up to almost $515, which it hasn't came near to since the virus.
But now on the daily, we're about...
X Force Global Analysis:
Bitcoin cash (BCH) has been showing signs of reversals through a descending wedge on a downtrend. In this analysis, we take a look at Bitcoin Cash's technical evidence to assess its bullish probabilities.
- To begin with, we can notice extremely extended bullish divergences on the daily, as prices form lower lows and...
Suggested Entry: 25215
Target 1: 26650
Target 2: 27800
Target 3: 28840
Stop Loss: 24250
The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons:
- Technical indicators support a stronger evidence for bullish momentum
- While confirmation is yet to be provided, it could be argued that BCH has broken out...
Hi friends hope you are well and welcome to the new update on Bitcoin cash. Recently a very positive move can be observed on the daily chart that after touching the support at $215 the price action moved up and broke out at $225 resistance again. At this time the price action is retesting the $225 resistance level as support that is really very good gesture...
Bitcoin Cash Market Breakdown - July 10th, 2020
Bitcoin Cash hit both of our entry points, and even though the market looks choppy and unsure.. my thoughts are why try and scalp this long play real quick.
We understand now that the levels touched are respected and we know where the price is going to float to
Entry should've been along $222, even better...
Hi friends hope you are well and welcome to the new update on Bitcoin cash. In my previous post I explained why the Bitcoin cash can move down to hit the support of the wedge. At this time the price action is at the support of the wedge pattern now we will try to understand what the price action can do next.
The movement within a wedge:
Price action of Bitcoin...
Bitcoin Cash Market Breakdown - June 20th
Re-entry price set at $222 support
Starting March 24th, this is the start of the uptrend. The price action on BCH touched $267, couldn't break through, and is in the process of bleeding out right now to the start of the uptrend. $222
Let the price continue bleeding out and then make your entry, patience...
Hi friends hope you are doing good and welcome to the new update of Bitcoin cash. After the strong best trend that was started from Feb to March 2020. The price action of the BCH completed the final bearish leg of bullish Shark pattern on the 4 day chart. And on 19th March I posted an idea on this move of Bitcoin cash. I predicted as per Fibonacci sequence of this...
When looking at a pair that has a positive bullish momentum, we get the risk of entering out of FOMO.
Make sure that you don't enter when the price is really high and hasn't retraced yet. For instance, keep an eye on the RSI and don't buy when it's above ~70.
Here in this parallel channel we can see that currently we have a nice opportunity for a buy, because...