I got my confirmation on Bitcoin Cash and now I have an active position.
I bought after a breakout of a support line of an ascending triangle on 1H.
Now I expect a retest of a current structure high & potential continuation to 734 level.
Bitcoin Cash is a different story. Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a segregated witness technology. They felt as though SegWit2x did not address the fundamental...
Wow, November a great month for everyone who was involved in finance on the bull side.
Note: Fractal on December 2nd , which is today. Lets see what it will bring. Since, I don't see any fractals for the rest of December.
How does the December is looking?
Well if you look careful at my chart, I want you to notice the similarity in the formation of the fractal...
Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin Cash, we are looking at the 6-hour timeframe perspective. The Cryptocurrency Market divergences increasing these times this is why there are currencies developing very bullish constellations while others are still in more neutral to bearish structures. These divergences between...
Bitcoin cash is retesting a major daily/intraday structure support.
After the price set a new higher high higher close last week,
the price retraced and now chances are high to see a bullish movement from the underlined structure.
Please, support my idea with like and comment!
Price is currently following an uptrend on the lower timeframe making higher highs & lows. Price has now made a new higher low, & retested previous resistance as new support. Next, I am anticipating price to resume to the target zone above for a new potential higher high next.
probably one of the safest coins to enter , situation is very good for bitcoin cash , price is cheap as it didnt move fine in this bull run ,price holding very strong weekly support also broke and retested bearish weekly trendline , if you hate something it means it bothers you ! so you can invest and make money lol , the sleeping giant may wake up soon
BCHUSD D1: BEST Level to SHORT IT 40% gains(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
HIGH RISK setup. proceed ahead with caution.
DO NOT USE HIGH LEVERAGE.
🔸 Summary and potential trade setup
::: BCHUSD D1 chart review/outlook
::: setup still valid as of right now
::: MAX 40% correction incoming...
As predicted in my April 5 post, the price of BCH retraced and found support at previous resistance. The waters might be choppy in the short term, but the trend is expected to continue to new mid-term highs.