50/50 Spot as I see it...We are in a tough spot for trading.
- Daily Volume on Dec 21st was almost double average volume (similar to Sept), which may have shown the end of the current trend
- Buyer Volume since then has been averaging down, meaning less and less buyers are showing confidence in this current bounce up
- MACD is reaching signal line. If it breaks above zero, it will show momentum to the upside. But the cycle looks like it may be topped out, which would send it back down.
- We are seeing a topping out of this current bounce while also meeting up with a resistance level of around ~2640-2650 level.
What are you doing now? I am waiting in cash
I am relatively new to trading, so give me some advice or note anything I am missing
Thanks!
CASH
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.
Updated Bitcoin Cash Bull Flag (30% Gain)Entry .04
Target .0535
Stop Loss .0375
Bull Flag Pattern and .5 Extension of ABC
BCHBTC Cashwar in progress!Cashwar/Hashwar!
cash.coin.dance
Bitcoin is losing difficulty (hash power) making it cheaper to mine, thus allowing miners to sell the price down and still make a profit!
All the while Bitcoin Cash (ABC) and Bitcoin SV is pulling hash power, causing BCH to be mined for a loss.
I'm not in favor of the SV chain, so I'm glad the ABC chain is longer, has more proof of work, and more hash power.
However there is no telling how long this will last. Lots of controversy in the community, hopefully we will come out stronger in the end.
BCH/USD 4h - Little spike before the Blood ForkHello,
I think BCH could spike a little bit because people wants to profit from the free meal the fork could offer.
Then, it will go much lower if the blockchain splits.
Thank you !
BITCOIN CASH - SHORTDo to upcoming Bitcoin Cash Fork it's pumping, no idea why...(you wont get free coins or tokens) Probably will hit previous resistance/support level and drop down.