Here is a possible buy opportunity. The price bounced from 400.00 support zone. We got a reversal candlestick pattern, which is a bullish signal. RSI confirmed the price reversal. The market gives us a possible buy opportunity. It is risky, but it can be profitable if Bitcoin keeps the upward movement.
Entry Price: above 432.75
Stop Level: below 360.00
BTC need retest 350 again before start new run for highest price. As I mentioned BTC must firstly hit 15k.
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Could Re-Test The Support Zones (Blue and Green Bar) Before Rebounding
Failure for the support zones to hold up will bring price down to the 50% Fib Level @ $334
Bears are still feasting.
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your...
Due to the many turbulences of the last days at BTC BCH has gained a lot. Nevertheless, BCH is strongly centralized and BCH is dependent on few people. Certainly suitable as a speculative currency and for trading, but the current indicators tend to point to a clear downturn. Be careful.
Max. Targets down could be 1100 / 850.
Let's see what happens. Happy trading. :-)
If we don't take into consideration Bitcoin movements and bearish signals from the daily timeframe, the market looks very interesting for buying.
The price reached the support zone formed by 400.00 and SMA200. We have reversal candles that tell us about a possible reversal from the support.
RSI confirms the price reversal as well as MACD histogram. Yes, DMI is...
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BCH currently performs wave 3. It's likely an extension will be formed (take note of the series 1-2 1-2). If this chart correct - next targets are 670$ and 900$. In case of extension im guessing that preferred level will be 900$.
Like and comment this idea if it was helpful. Thanks.
I like to use the Bloomberg Galaxy Crypto Index (BGCI) to get an overall View on where the Crypto Market is heading in general. If you aren't familiar with this index, please visit:
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TradingView chartsetup: Credit...
What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
This Concept is part of my ongoing study of Fibonacci Ratios applied to Assets.
This Chapter is part of an album to collect examples of true "Golden Ratio" growth.
This Chart captures the BCH.usd surge in early 2020 which grew by 1.618x increments.
This type of growth has been called "Exponential" or "Parabolic" by many analysts.
This occurrence is actually NOT...
Here's my guide I'm using for $BCH for the next 6-7 months.
Bitcoin Cash City
November network upgrade
April 2020 halving
Expected peak: 45 days before the halving (end of February)
Bitcoin Cash 2019 growth is impressive. I believe Bitcoin Cash is the most overlooked coin in...