BCH/BTC must have been one helluva short.
There is so much resistance in this chart that my usual minimalism (4 orange lines) is being tested.
I restrained myself.
Only 2 meaningful support levels i can make out before 'price discovery' aka 'bleeding out'
What a shite project indeed.
+ It needs to make a higher high to reverse course and the level I'd be...
BCH/BTC recently broke above 200 Moving Average, which is a good/bullish sign. Now after the correction, price could be very attractive for a mid term buy.
In part 1, I analyzed the market caps of Bitcoin Cash 2019 to Ripple 2017
In part 3, I'm analyzing the price action of Bitcoin Cash 2019 to Ripple 2017
BCHBTC 2019 = XRPUSD 2017
1. Same pattern: sell off into M pattern
2. Identical 200D EMA
3. Identical 200D EMA breakout and breakdown
4. Identical 4 touch support found
BCHBTC 2019 = XRPUSD 2017
Next move: a...
BCHBTC now Very down and very near of last Bottom around 0.0235 BTC.
If this hold then good otherwise free fall we can expect.
If Main strong Support Break then I can expect BCHBTC price between 0.016-0.020 BTC.
So be careful from BCHBTC trade.
I just suggest you open any trade with stop loss and think why you open.
This two main point is very important .
I also...
Conclusion for today’s Bitcoin Cash technical analysis: The downtrend is expected to continue with 0.02388 as the minimum target if the 0.03095 price level is breached.
Bitcoin Cash Analysis (BCH/BTC) for today is provided using a log scale on the Daily timeframe candlestick chart. The downward trend on the Daily timeframe is highlighted using a bearish trend...
When placing trades on Alts we use 10X leverage and keep 8 of them in our portfolio long-short. BCH is one of the top performers this year. Further downside anticipated.
Even though Bitcoin Cash is in the red zone, its price drop is not so huge compared to other altcoins.
Although the trading volume keeps reducing, the rate of Bitcoin Cash has been going up since mid-July. The rising RSI indicator is moving upward, suggesting growth in a short-term scenario. In this regard, BCH is likely to achieve 0.032 BTC in the first days of...
All diagonal resistance trendlines will end here.
BCH bottoming,ready to go significantly higher in the upcoming months.
Beautiful chart, ready to make big moves.
Bitcoin Cash is the winner today among all other top cryptocurrencies. Its rate has soared by 11.38% over the last day.
Although the rate of Bitcoin Cash has rocketed over the day, it is not going to go down fast. According to the chart, both lines of MACD are moving upward, suggesting a further price rise. Thus, trading volume is also increasing, which means that...
My friends,
Could we see something good next weeks?
Yes we have a chance, bitcoin can be now in the middle of abc correction...if so, we will see more red on btc. Well, this is a good information for the alts, some capital should came here and more positive colour will appear.
See you soon
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