Hey Everyone! First things first, remember to LIKE & SHARE as always :) BCH is retracing after a massive 22% surge last week. There is much uncertainty in the market as to what the HARD FORK means for BCH. Twice a year the BitcoinCash network HARD FORKS as part of a scheduled network upgrade, so this is NORMAL, except this time it is quite a contentious issue...
I successfully called the BCH bounce and short squeeze in the last idea. Please view for yourself. Right now after the short squeeze, price is free to move down. Be careful about buying BCHZ18 on Bitmex. You could be burned. Do not leave any positions overnight unless you are fine with a 10% drop. I am not going to have an actual short position but it is a nice...
Midterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
Midterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
After numerous days of consolidation we are starting to get some volume, If we breakout from the downtrend, we should expect some FOMO.
The basics of the idea are explained on the chart. If price wicks to the stop loss cluster and moves back up, we know it is a very good long. If price drops below and stays there. could still be a buy, but not as safe. If scenario two occurs I probably won't take the trade. So I expect another 6% drop from here into liquidity zone 1. Lots of people betting on...
Everytime ADX touches DI+ to the upside, price tanks. Everytime Fisher Transform posts a Crossunder, price tanks. BCHUSDLONGS are hitting historical resistance, and are seriously overextended. TD Sequential posts an unperfected Sell Setup. Draw your own conclusions. Four levels of confluence. My orders are already in.
BCH hit the supply zone above after its massive rise on upcoming fork news EMAs have crossed bullish and continue to climb We have dipped into the demand zone below and could still see price return back inside as BTC does look like it wants to pullback This would be the ideal spot to enter a scalp long into the fork Upside targets are still very...
After an increase of almost 56% since the 29th of October, it seems that the price of Bitcoin Cash has created yesterday another "peak" at the value of 648$. Although it didn't bounce back from the Resistance Level of 658$ the drop which started yesterday it's based on lower trading volumes and it seems to continue, as there are 3 technical indicators which are...
Midterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
Midterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
Bitcoin Cash is currently having an insane pump. Many of you probably have thought about shorting it or have already done so. But be careful. Look at the massive amounts of shorts being opened during the pump. You do not want to get caught up in a short squeeze, which is what happened for XRP. Instead, if you wish to short it, just wait for a 50% correction and...
Hey Everyone, Just looking at some of the alternate charts right now where there is a LOT more money to be made! BCH is in a triangle and is IMO an easy trade with money management. If you are on an exchange where you can trade Short or Long, this is the perfect setup! With a triangle there is always 2 directions. With EW, I would take an educated guess and say...
This chart shows BCHUSD on the 1D scale. We have identified two very similar pattern structures that may be an indicator of a market move towards December. Those are the January 10th bearish sequence from 2,945 to 605 and the May 6th bearish sequence from 1,858 to 408. Both Lower Highs on the 1W Falling Wedge. Similarities: - Both resulted in around 77% - 79%...