*If we close below the 55EMA (blue line); Expact a drop towards the green box of support. This is a really good buy entry zone.
*If we find support on the EMA and break the first red bo; we can potentially rally towards the second red box.
>>> It's a waiting game now....
Brief Summary: BCH/BTC has entered the 1st standard deviation of the 200 MA on the 4H chart (purple band). The taget is the 200 MA, and stop losses should be set above the purple band.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to...
Good Friday my fellow cryptocurrency trader.
Here I have the Bitcoin Cash ABC (BCHBTC) chart for you on the daily and weekly timeframes.
The main chart above is the daily (D) timeframe
On this chart, we can see that BCHBTC hit a low in Mid-July '19. This same low has been maintained.
BCHBTC has been consolidating trading sideways since then.
EMA10 is now...
This is the most idiotic product in the crypto space and will hurt many people as it is going to suffer more than any other shitcoin imo. I am shorted it with high leverage with tight stops, target new lows
This looks insanely bullish to me for some reason... I just have this feeling in my gut like this is a harbinger of things to come for the entire market with BTC making the smaller gains if you know what I mean.
BCHBTC binance pair has formed a bullflag, included a fib extension targets. Alligator is currently 'eating' the three lines are stretched apart and moving higher denoting trending periods. This is the best time for long entries. Included a Jaw, Teeth, Lips diagram.
Guys, this is the long of your life : BCH just broke a big resistance(in yellow) and retested it with success, it will go up to 0,236 of fibonacci, so to around 0,0667 btc.
THIS IS NOT A FINANCIAL ADVICE !
not 100% sure this is a true bullish pennant, but we have a breakout 'flagpole' and a sequence of higher lows. Not sure why it just seems insanely bullish to me. RSI strong and divergent on the 4hr. Trendline of resistance turned support. We have just flipped 0.04}
*** I am not a professional ***
BCH possibly will give us a short opportunity if the header and shoulders that it seems to be created were confirmed after crossing the neck line.
We suggest to open short position with the target at the 0.5 and 0.618 of Fibonacci and with the stop above the right shoulder.
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