Hi traders, today we're looking at Bitcoin Cash. This is my 1st BCH chart, so bare with me on this.
I actually am not a fan of this coin, but for trading purposes I've bought into this. The past few months the entire crypto space has been consolidating, and caused Bitcoin Cash to hover around its weekly hold around $305.
Before the start of October, the price...
Bitcoin Cash has moved away from the worst levels of the trading month, with the cryptocurrency now trapped in a period of sideways consolidation around its monthly opening price.
A run-up in price to $232.64 over the last few hours, however, has begun to indicate that a breakout could be imminent.
The BCH / USD pair is still technically bearish over both the...
I have introduced to you a short line tool, a very practical "n-word wave" battle method, which is evolved from the wave theory. The logic is to simplify the cumbersome and uncertain wave theory and make it easier for you to operate. In practice, this technique is very suitable for short-term operations, especially contract trading, because huge profits can be...
We had a false start with Ethereum last week, so we got stopped out with a 3% loss.
Today is BCH turn, Buying small dips throughout the day is my strategy.
For a reminder the rules are
Candle above the 20MA but MA on an upward direction
MACD on the upward momentum
Stochastic RSI upward but not above 80
We are the blockhalving earlier then BTC, so this should...
Now there is a small consolidation, thus a set of positions is now underway.
I see 2 scenarios:
1. Break through 257 and hike to the upper zone, there is increased liquidity, past long-term consolidation.
2. Break through 195 and hike to the lower zone. If the price goes there, then it is likely that there will be few false breakdowns, basically all the candles...
Looks good but this could only be short term as an injection of income goes into the market. Got to be careful with these possible traps laid by bears.
Changed BCH chart to Kraken exchange chart with longer period.
The last line of the BCH is 165.3.
The number of points available for split is less than 261.2.
Prices remain above the lime green uptrend line and should be bought when prices fall below the trend line.
The downward trend was followed by a fall below two RSIs of 30.
Of course it can fall...
The hypothesis with the formation of the wave (iv) probably turned out to be erroneous. In the sense that it remained under consideration, but became much less likely. This is not scary, the entry points on it were with very short stops, so we did not lose much (I personally did not buy the BCH at all and recommended looking at more promising coins).
Now it’s...
BCH is still in the downward trend since December 2017 and shows no sign of slowing down.
Either this is a bear flag and we’ll drop straight down or we’ll go up to the trend line of resistance and get rejected. If it continues squeezing to the end of the funnel it could be ready for a massive bounce from either a double bounce or a new all time low.
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...
Direction: Long
Reasons for it:
- Price is right to Key Level
- Price can bounce of Key Level right away
- Or 2nd variant, price can make a fake breakout of Key level then start rising
- Always do your own research
Guys, if you like the idea please put like button, this will be the best thanks.
Thank you for your support, I appreciate it.
Direction: Long
Reasons for it:
- Price in Parallel Channel
- Price accumulate near bottom part of Channel
- 1st resistance 235 $
- 2nd resistance 242 $
- If price will breakout bottom part of Channel, idea will be invalid
- Always do your own research
Guys, if you like the idea please put like button, this will be the best thanks.
Thank you for your support, I...
We want to be bullish in the crypto space. As we have tried to maintain a positive or neutral stance, we have ignored the growing bearish picture in Bitcoin Cash (BCH). You could call Bitcoin Cash (BCH) a lot of different things. Some of those things are nasty, given how the coin fits into the crypto "political" picture.
Keeping emotions out the picture, we are...
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...
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