At D1, the cloud is directing downward, indicating a downtrend.
Besides, the cloud is directed downward at H4, which also indicates a downtrend.
On H4 and H1, the correction model in the form of a triangle is visually well visible.
We recommend selling on the breakdown of the downward correction model boundaries, or in case of false growth to the level of 250...
On D1, the price fluctuates around the cloud. The triangle model of correction is visually clearly visible.
Locally, we recommend selling when the RSI reaches an oversold level on the H4 and when the price will reach to the Fibonacci level of 36.8% and 23.6%.
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is...
BCHUSD will soon test the 200 MA + latest fractal high. I will be watching for a sell, at either or both points. This possibly will create a new lower fractal to place stops, allowing for reenter, once both - 200 MA and fractal highs, have been broken. Targets on chart for both moves. Good luck. Feel free to support me in anyway you feel adequate.
Friends, found couple of confirmations to entrance short position of BCH now:
1. Double tops pattern formed.
2. Failed upper bollinger band break through, marked by yesterday red candle with long wick.
3. Price was unable to break 0.618 retracement level.
Stoploss only when price closes above the candle wick, and possible take profit point were noted by green...
Price is below the kumo (cloud) and kijun sen (light pink line), chikou spanis (orange line) is below kumo - once price closes below kenkan sen (pale blue line) and RSI has moved below middle blue line and has turned red, open a short. If confident, use the Kijun sen price cross, as confirmation, while keeping a tight stop loss. Not advice.
Bitcoin Cash looks like a laggard on the bitcoin pair but could really make up for it if Bitcoin holds its end. We had a lot of action the past hour with that scam wick up which trapped late longers and early shorters by triggering their stops only to bring us back right back to where we were. Now BCH broke up from its bullish pennant (not seen on the chart as...
Bitcoin cash seems to be in a huge falling wedge. It is testing to the top of the wedge and may even break out to the upside. Bitcoin looks really indecisive right now. I am closely monitoring my Ethereum position as well. If this doesn't break out now and bitcoin decides to take a fall we might have a very good trade on our hands. I will long the bottom of the...
Ready to get your head washed?
There is a possible h&S coming up.
I use the EMA30 by the way: much faster to react on golden cross resp. death cross. What do you think?
This is no financial advice.
Please, support me whatsoever, so I can continue to afford a premium account and spend all day looking at charts.
BTC wallet: 3HnfmwLvunzkKu4ZvCTLviAncpkvkEqrwh
BAB/USD 17.2.2020 - Bitfinex
Ponděli - 14:03
Short term - Long
1 vstup 384,52 USD (1,5%) velikost v BAB 0,4
2 vstup 12,55 USD (2,5%) velikost v BAB 0,6
3 vstup 12,58 USD (4,5%) velikost v BAB 1,1
TP: 445,74 USD (18,55 %)
SL: 355,78 USD (5,38 %)
Popis: Vstup na reakci v reakční zóně, v zóně jsem nechystal nákupy, ale nyní jsem nákupy...