Looks like altcoins recovering. But truth is, they can't pushing self to new ATH in $.
You loose with altcoins in btc or in $$ value.
Reason behing is margin trading with btc, and selling low volume coins after long accumulating before mainnet for a nice profit in btc before next btc pump begins.
margin trading with btc doesnt making it attractive, it's more...
RSI (14) holds an important 40 level and we have a higher high on this 20-day chart.
The final confirmation of a breakout will be the second 10-day close above the local (0.03212653) and previous (0.032824498) highs:
Everybody is focussed on the bitcoin halving on may 2020.
Don't forget that bitcoin cash will halve to.
In case of bullish market (I'm waiting for confirmation) BCH/BTC pair will give a maximum of trade opportunity.
If bitcoin price accelerate more after halving, bitcoins sons like litecoin or vertcoin have shown major increase pre halving and falls...
BCH/BTC
BCH is currently respecting this upward trend-line of support. After hitting it for the 1st time, a price reaction happened and BCH
is consolidating above this level. If this is the new Higher Low to set then there is a high probability to break the recent top at 332 sats.
BCH UPDATE
BCH has dropped into the potential buy zone and dropped a tad bit underneath. We did see a bearish red hammer candle. Though this also was followed by a 50 & 100 MA crossover. In addition, daily RSI & Stoch both reached oversold. Stoch crossed bullish and it looks to be a possible right shoulder forming on BCH. I expect a push back towards 200 MA...
If it falls, you are likely to touch the 0.02344767 point.
If it rises, it is likely to challenge the 0.03176208 point, and if the price holds, it is likely to challenge the 0.04007649 point.
You can see that the price is located near the bottom of the midpoint (0.04007649) within the large box section between 0.02344767 and 0.05670531.
The price fell as the...
BCH
BCH has recently hit previous highs and is struggling to gain any momentum. I expect a small retrace to occur and a fall into the potential buy zone. This area in the yellow box is a great point to stagger buy in bids for the long run. The daily RSI is pushing downwards while BCH slowly tries to climb. This is bearish. Wait for the retrace and bounce. Upon...
Price broke down a bear flag, we now have to retest lower support; but this is a new pair, no one knows precisely where to provide lower supports as only greed will stop our fall if we don't bounce from there. Then, the analysis: currently moving down ichimoku which we have just broken, bearish signal. Bollinger will turn down in a while as we broke the pattern....
A nice hedge if you didnt get in on ETHBTC and IOTABTC. Really sucks to see Dominance break above the bearish channel and I hope its a fake out but if its not I wanna make some money.
God Speed,
Mr. Manbearpig
Found a little bit of support in the middle of support and resistance.
We think on the next try to break the 0.327 line we will break it.
So we are looking maybe for some longs soon.
Also the daily up channel is holding + we are IN the daily Ichimoku Cloud:
The red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research...
Short term perspective.
It fell without receiving support at 20MA.
I'll have to check if it can rise above 20MA when a new candle comes tomorrow.
We should also check if we can get support at the 0.02737526 weak support level.
The pair failed to break above the weak uptrend line.
We need to check if we can support above the upward trend...
When the downward sloping trendlines since 2017 are broken to the upside in the BCH/BTC pair are broken, that might be places to add some exposure to BCH. Also when BTC holds its 20 wma now about $9300 as support, this will be one sign that BTC is in a new bull cycle that will hold until it reaches a new ATH and top in this cycle. Also some alts outperformed BTC...
The red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research...
The red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research...
BCH looks to be gaining some momentum in the upward direction gradually. I'm looking for a reversal in trend direction to continue forming as the price point goes back up to restest the 0.03028 level; minimally.
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