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Hello Crypto traders!
Let's talk about Bitcoin Cash!
Bitcoin Cash was one of the first in which a rise occurred at the end of December in 2018. And now, it could be the first one that can complete a correction since we see both, BCHUSD and BCHBTC at important support area between 61,8% and 78,6% Fibonacci retracement!
But, the most important from EW perspective...
I 'd like btc at these lvl's, looking to scoope a bag around here. Hoping for another legdown to buy some more.
Personally i'm not going to use a stoploss on this case as i'm certain Ver will pump this again. using 5% of my budget for this trade.
Target 1 is .05 ish.
Looking that Bch stay in the accumulation zone, 3 bull scenarios. Next hours will definitely tell us more. Still possible little drop in the 35-31 zone.
If a price will fall bellow next support 25 and 23 on double bottom, bellow that can be really bearish
Still in the descending channel, volume looks really low.
Last UCTS signals from this chart were massive, 100-60-22%.
I'm looking at a potential falling wedge forming since december 21.
I'll set up alerts around this & see how evolves..
My target of 0.03sats is still in play
Sell signal in the UCTS script. Descending channel in play and volume looks really low. Below EMA50.
I expect price to retrace to ~0.03sats. MACD bearish and RSI falling.
For now put alerts and wait for new information
Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017....
BCHBTC formed Bullish Descending Triangle (Flag) on 1D chart. BCH often breaks out violently, or just go sideways if no buyers show up - this is also an possibility. Also, the volume is currently low and if it doesn't increase, I doubt we will go higher.