Hi, today we are going to talk about BITCOIN CASH
We observe a Daily chart , some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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BCH is approaching a critical support.
Only some desperate supports below.
Bounce was from Best-Possible-Bottom.
$ 222.xx is immediate support that would Ideally be held.
$ 219.xx already bounced once, it may not do so again.
$ 214.xx is the critical "Must Hold" zone, at all costs.
This is a follow up to my $220 retrace call (click)
Here is a bigger picture...
Long entry: 275 - 280
Stop loss: Roughly 272.5
Take Profit: 294, 300, 305
Expected Call Duration: 1 days to 1 week
Position Percentage: 20%
Leverage: x 3.3
Risk Level: Medium-Low
Call strength: Medium-Strong
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Bull (Green) just appeared on 15m 22m,...
This is an Update to my Bigger Picture fib Posted Here (click).
BCH bounced to a perfect 5.618 fib extension (common wave ender).
If has been pulling back along with the rest of the crypto market.
The drop has been well behaved in terms of Fib Ratios (red series).
$ 224-225 is first support (should bounce or at least pause).
$ 219-220 is critical support (better...
I hope you were entertained in September, because OCTOBER appears to be one of those WTF Months.
The reality is we are back in the face of continued bear, that and if true, will be in for some pain.
However, after late drop, we observe a formation of a CHANNEL and possible A-E formation with a new SUPPORT leg at these prices.
As you can see, in this juncture...
Priceline of Bitcoin Cash / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Price action is getting bounced from bollinger bands support.
Volume profile is showing less interest of traders at PRZ level but MACD is...
BCH fib I have been watching since last big drop.
It is has been crawling the lower bands with precision.
Band 4 (4.236-4.618) is not strong but may be bottom.
This is a follow up of my attempt to spot "the bottom" (click).
Step 1 Wait for the price to touch the Lower Bollinger Band
The first element we want to see for our simple trading strategy is that we need to see price moving into oversold territory. Any swing trading strategy that works should have this element incorporated.
Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the...
Inverting the BCH graph shows BCH is moving to 254 and BCH is repeating a previous move .
In both cases the distance moved up = ( Distance B = ( 2 * Distance A ) ).
This is then followed by a move to the .38 fib
in this case this move should take BCH to the 254 area.