Bullish Indicators:
-Strong support at 61.8% retracement level, bouncing off twice with it being higher RSI on the second test with 29 RSI first touch and 36 RSI second touch
-Solid entry point on stochastics; it is about to break the 20 level
-Trading at the bottom of RSI and stochastic support
-Bullish MACD divergence on 1h candles
Price Target 525 Stop Loss...
Bitcoin Cash has had a bit of a bullish run the last few days. That being said, we all know about possible Dragonslaying and Cashening scenarios. But, when are they? Where could they be? Many things are hard to decipher and hard to see.
Bitcoin Legacy just had its difficulty adjustment. 18% up to a new all time high. There's a lot to talk about, more than I can...
We retraced to 0.382 of the previous bull move, have been making higher highs and higher lows, broke through two bearish trendlines , and just bounced off of a bullish trendline and the 0.5 retracement showing solid support. First target is 340 where I expect some resistance, followed by 450 where I think we will see a pullback to retest the previous high at 420...
Although fundamental news or potential factors around Bitcoin Gold are not quite available, the Technicals do show a clear destination for the price to reach when it is put all together. The new goal for the Bitcoin Gold (BTG) will be $500 USD. Let's see !
Classic cup and handle pattern has formed. Volume breakouts at critical places confirm the pattern
Based on the size, it should send this up to 591.91 (fib 1.272)
After performing a corrective bullish run from $150ish to $420, I'm looking for $BTG to consolidate and regroup. The data is razor thin since we've only been trading for a month, but here are some levels to watch. If we break the downtrend channel to the upside we will evaluate how to get long.
In light of recent TradingView censorship, the majority of this post will be on my Yours (in my signature). The post is more verbose and has some images that I can't post here anyways.
There will also be an optional trade structure/plan for those interested, as we do have ourselves an opportunity for a long trade.
Check out my Yours (in my signature) for the...
ABCD pattern and we are sitting on fibonacci 0.618. It have big chance to go back to the 360$(fibonacci 0.786). The 360$ also a ressist of the bearish trend.
Target : 355-360$
In light of TradingView locking pretty much all of my posts, the majority of what I say will go on my Yours blog, in my signature below.
Content in the body of the TradingView post will remain sparse. Follow me there if you want to read more.
Regardless of all the noise on Twitter and Reddit and Discords/Telegram/Slacks the last few days about "Bcash" this,...
BCHBTC up against a formidable resistance with sellers wiling to take profits. Price action may get rejected at short term resistance, while a retest will likely be bought for a successful penetration for new highs.
