By the looks on the chart the price action looks poised to sell off again.
There is a Super Pivot Stack providing strong resistance now that the market has sold through these levels yesterday.
The new Weekly Pivot will be out soon and this will come down to provide an even stronger resistance.
Go short if the price trades through the current session low ...
Case for Up:
Conflunce on Fib levels which match targets:
- H&S bottom Gives us a return to the 78.6% fib extn. c.$1950-2000 where we will meet resistance.
- C&H: we will probably retrace from the H&S target to the top of the cup which will then look to retest the previous highs at $2600 and complete the ascending triangle.
- Ascending triangle once broken we ...
THE BOTTOM HEAD&SHOULDERS
Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise.
Price trend downward leading to the pattern
Shape looks like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders, proportional, and not lopsided.
The two ...
BCH dropped out of a bigger descending triangle with an end move of around 85 dollars .Whether BCH completes the full move to 85 remains to be seen,
Currently BCH is moving in a smaller descending triangle which has drop to the 106 area,
However BCH could also move up to test the bottom of the last larger descending triangle which is at around 146.
Anything is ...
all is mentioned in graph ( can be long term or neutral )
1. striker in case 2k19 brings some blessings :) .. Augmenting Profits !
2. Straggler some gifts are awaiting ... descent profits though
3. Failure , long pending .. A lot of patients would be required ..
Never risk more than your affordability
close deals in case reversal is confirmed at lose of ...
Finally BCH has broken the TRI-ANGLE
I am very happy to see this cause I have invested in BCH mining this April.
I bought 50 Ant Machines S9 from Bit-Mainland and every day they are working hard to earn BCH.
I believe the price will rally to 1000 at least
and it is good for me to sell my BCH at that level.
To all thoese mining investors: Please continue to ...
BCHUSD 15M WILLIAMS %R INDICATOR STRATEGY
My 15m scalping technique - 14 length
Our team at Trading Strategy Guides believes that a momentum indicator strategy can reduce risk and enhance your overall returns.
One of the core market principles is that momentum precedes price so in this sense a momentum indicator strategy is more like a trend following ...
As you can see from the chart the 4-Hr has developed a rounded bottom. In a perfect world, we can predict future price action to go higher by doubling the width of the semi-circle for a short-term price prediction of around $147.xx. And, of course, we could just trade right thru the semi-circle for more consolidation! In this crypto game, anything is possible, ...
BCH failed to break past 197 and is going to drop to 110 for a bounce ,
A better move would be to drop to 78 for a double bottom as this will signal the bottom for BCH.
Note :BCH also shows that its going to hit 399 and 500 after its completed these moves down,
Since my last post on BCH' showing the potential made a huge rally the past few days making a big step towards confirming a mid-term low at least. The bottom formation was still valid as long as it would stay in the green zone. That bear trap produced a huge counter move bringing the price in almost a straight line to the resistance level at 600. A break of this ...
Here are examples of how I personally use the EFC Indicator signals.
When not to trade - Price & Macd flat, Macd close to 0 level, middle price range
When to trade - RSI divergence, Macd over-extended, price far from ma's
It's tempting to buy BCH right now but it would be a dangerous move, This thing is way too overbought and the probabilities and pattern are clearly for a drop back to the yellow line. I don't think Bcash will sill continue to go up and break resistance unless the whole market wakes up.
Stay tuned for more updates,