Bitcoin Cash (BCHU19) is no exception, this setup is very similar to the one we just shared for ADAU19 which you can find in the related ideas below.
The signals are simple and as follow:
Break above resistance in the form of EMA5, EMA10, and EMA50.
Bull volume growing (above average - highest in the past 4 days)
Is bch about do jump out of a plane with no parachute? Let's see.
Forget Ta, Btc looks ready to push up, also dominance is rising. If dominance happens to break it's triangle bullish, get ready for the death of alts.
Keep it simple guys.
Signal Type: Regular (Short)
Entry Zone: 2980-3015
BCH VERY BULLISH - LONG
HOLDING SUPPORT AT 0.03000-0.02970 + GOLDEN CROSS AT 1H AND HOLDING SUPPORT AT 55MA ALSO HAVE ANOTHER GOLDEN CROSS AT LARGER TIME FRAME WHICH IS 4H VERY BULLISH FOR BCH.
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Its about time Bitcoin Cash gave us the opportunity to long those steroidal rallies, this is looking like a safe bet to get in before the storm strikes next week.
- Daily Bullish engulfing
- Mid Range: .3009 BTC
- 25% range : .03115 BTC (Very weak resistance now, hammered 3 times already)
- Range High : .03219 BTC (Strong...
Hi guys, so we have a retest of a bull break. Bitcoin Trash brokeout after our short. it is currently testing the 4hr 20ma and 20ema for support right around the trendline it broke.
Bitcoin seems to be slowing and coming for a little bearish wave test of support. Makes perfect sense for this to pump a bit and be made a risk free trade.
Let's see what we can do here.
Ohh, I think this is it for bch...lol It's probably Roger selling too...haha.
No but really, with bitcoin breaking out, I believe the bottom is in for btc, so alts are going to suffer. I like this because it pumped the most.
Reason for Trade: 1hr
-Btc dominance broke strong resistance, alts rekt.
-potential bearish macd cross
-Algo target -0.236
Be sure to move stoploss to breakeven once take profit 1 has been reached.