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 !
CASH
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.
$BCH #BCHZ18 - Bouncing BitcoinCash Trade - Day Trader ExplainsHello Lads and Ladies,
Welcome back to the TJs TA Session, today we will be taking a glance at BitcoinCash and why this might be a good LONG position.
After multiple signs of a turn in trend and a massive 35% retracement on BitcoinCash, we seem now to have found a decent level of support. Here we are as well experiencing a lot of action which is giving us a nice possibility to make good and well planned leveraged trades.
The first thing that I want to talk about is the fib lines. This is one of the best examples one might find for using fibs. We have here a very clear downtrend, as well as a clear bottom. Meaning by that we can simply apply the 1 at the top and 0 at the bottom. Fibs is showing us a possible retracement/bounce after a short term trend (depending on your timeframe).
Since we are in the middle of the fight, you can adjust the fibs a little and not catch the very last and lowest spike at the bottom, sine the 23.6% fits better at that point.
Now lets take a look at our RSI and StochRSI indicators.
RSI is down to 31 points and showing us a mini bullish divergence on the 6h chart.
StochRSI is looking very very flat for a long time and now slowly starting to turn and break back upwards.
We have the all time BitMEX low at 631 and we went down to 632, basically retraced fully to the very bottom.
Especially with a day left till the hard fork of BitcoinCash, we might still see a nice pump.
AAAANNND A MASSIVE DUMP WHILE DOING IT HERE :D
Still valid, still good, simply stagger up longs till support and then run the bounce.
Based on all of the above I will make my trade like following:
BCHZ18 LONG
7.5x - 15x
Buy -> NOW - 560 - 545 - 525 - 495
Targets (longer term) are our fibs -> 723 - 772 - 811 - 850
Targets (short term) -> 631 - 650 - 687 - 700 - 722 - 753 - 777
Stop Loss -> 480
Digital Gold (#Bitcoin) vs The Reigning Champ ($USD)! Ding, DINGDigital Gold (#Bitcoin) vs The Reigning Champ ($USD)! Ding, DING
BCHUSD finished correction and now pump into 3. wave BCH is going up again, just set the orders and enjoy.
Bitcoin cash close to the brakeout!
Bitcoin Cash looks like is trying to brake to the upside!
we have a triangular pattern formed at the resistance line.
if we get the third wave that will push us above the resistance and hopefully getting support on the EMA
Bullish Short term on BCCEasy 10-15% setup on binance, Falling wedge into a reversed Head & Shoulders. Could also pump and go over 30%
BCH - short run to 590-600 before a drop to $500 supportThis is one of theories I have, see other charts as well
BCH Bitcoin Cash Bulls give up!Looks like a drop to me but if they don't hold 580$ level it will drop back to 540$.
BCH bitcoin possible drop!BCH lost it strength. it might be a shake out but bulls need to push or price will fall back to 600ish level.
Wedge Target: 610$
just a idea from a unexperienced trader about BCHjust a idea from a unexperienced trader about BCH
i tryed to fit in tw count any suggestion ideas and tips about mistakes i propably have made are welcome
BCCash's double bottom has triggered!As I had predicted in my previous bit coin cash idea on here we reached the neckline of the double bottom on BCash and have finally triggered the breakout...the price target I have listed here is a great palce to limit sell, although we may run into decent resistance at the 1 day 200ma(in blue). We may also start to wick down just before this target too so a pip ro 2 below it as a limit sell isnt a bad call either...of course there's also a chance that fomo could allow us to send a bull wick a couple pips above this target as well. Whether or not your limit sell triggers as long as you got into this trade near the neckline a market sell will still get you plenty profit. *not financial advice*
BCH on a bullish rampage should reach well above 1day 200ma… BCH on a bullish rampage should reach well above 1day 200ma before any sort of major correction. Even when we get there the correction could be quite mild before another leg up we will have to assess the overall confluence of indicators once we get there. However if one were to put a limit sell somewhere it would be at that target point, a pip or 2 below to ensure your tatget is met or even you're fomohunting a pip or 2 above for the riskier types. Of course this is just hypothetical though as this is not financial advice. Cheers!
possible $bch scenarioif this is the top of wave 3 then a retrace to the 21ema level and historical resistance turned support is most likely.
with the fork this could go all the way to 4.2fib of wave 1, id be looking a a safe long on the yellow line and then a mega short at the top cause this is likely to dump hard post fork
A Level of interest for Bitcoin Cash the real Bitcoin ?BCH on the move, watching this purple box for a potential setup.. not sure which way yet depends on how it reacts when we hit that box
short term bullish but watching that black line, maybe look for a short play if support breaks there
Bitcoin Cash Eyeing a potential Double Bottom breakout. Something has lit a fire under bcash's ass and sent it launching upwards....I was lucky to have gotten on right at the breakout but I took my profits slightly early at .0792 sats. Now I'm contemplating re entering but am expecting bch to have a slight retracement before it shoots for the enckline of the double bottom. It ay not though at this rate....I anticipate it breaching the neckline within the next 3 1 day candles and either doing a temporary fakeout or ust triggering the breakout right away...if it does trigger then BCH will be making its way all the way to the 1 day 200ma in blue. I ahve a feeling November 5th may be a bullish day.
BCH Bull Pennant after Pennant! Upcoming Fork. Bull flag after bull flag. Trendline appearing as resistance.
MY Bitcoin Prediction, The Undeniable Truth...As we all know, Bitcoin is by far the best investment you could've made in 2009; That doesn't mean it still is in 2018. Trust me I'm not going perma-bear all of a sudden, but looking at the strength of the bulls at this position just makes someone think a bit harder about whats going on. So I've noticed that not a lot of people are posting about this HUGE Ascending Parallel channel we have going on, even though were running along it to the ticks, as you can see from the chart. Now carrying on about strength of the bulls, lets just say, its not looking good. The bulls have failed to break this huge descending triangle, (no that wick was not a break). And it seems they are accepting defeat as Bitcoin falls lower every day. I believe there is more blood to come, but this could be a bear trap for all I know, so I am watching this from the sidelines and not entering a position until a clear break is made.
Wish you safe trading! -Trader A
