Looking at the 4-hour chart for BCH or BCC, we can see a nice bull flag retracement to the .786 level. With the hard fork tomorrow, I'm expecting some serious volume and volatility. You can already see how much the volume has increased over the past two weeks. The Stoch RSI is oversold and turning about. This is a great entry point for a low risk, high reward...
i'm optimistic bullish short moment in bitcoin cash at binance, in my opinion, BCC/BTC at time frime 4H in Binance exchange.
because it seem like elliot waves pattern come to wave 5 and good in uptrend.
this is my plan trade, take your own risk.
stop loss : 0.079788
entry : 0.080000 - 0.081906
take profit 1 : 0.088060
take profit 2 : 0.091717
take profit 3 :...
From the last post 'BCCBTC Bitcoin Cash the entry point':
It was suggested that the support zone should be in somewhere ~0.08, I personally bought some there
And by the time i write this post, the price booms to about 0.0847
Quoting the analysis from the last post:
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
Signs of mid term bullishness:
1. Recently breaking a narrow boll
2. Uptrend RSI / MACD DIFF / KDJ
For now the price is still in downtrend, with D>K
We aim at getting back into the market at:
1. Somewhere between 50EMA and 50SMA
2. Support zone around 0.08
BENEFITS AND RISKS OF TRADING 101
a) Market Action
Market Action is determined as the summary of data showing the trading activities in the market, which determines the differentiation between the price of the currency on which profit or loss can be generated. The rate of change in profit and loss is provided in...