There is a little support at 283, if buyers can drop price , then the price will drop by 279.
Whether it decreases or not, but after that there will be a new growth to 288 or maybe more.
After that there will be a rollback to 283-279.
We have 5 waves (green) done and there is bearish divergence with RSI making lower low on the 8H timeframe. The 21 Weekly MA acted as resistance above $300 and rejected the price.
Optimistic Scenario:
This 5 wave is beginning of a new rally, and we correct to 0.5 Fib ($250) or 0.618 Fib ($230) before we make new highs (bove $310). The 50 WMA can also support at...
BCHUSD price moved exactly as predicted. Charts don't lie. We remain utterly bullish on this coin.
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Uptrend.
So far, the price cannot be higher resistance level 288. Since the buyers tested this level a couple of times, there is a chance of breaking it and going to 294. At this level there is also resistance, but it is already stronger. After the third test of this level, the price will rebound to level 279.
It is also worth remembering the preliminary rollback,...
There will be a rollback, the double top is visible on the CCI.
In addition, they both crossed level 200, which is a strong signal about a dump or rollback.
Rollback will continue to roll back to 291.
From there, there will probably be a set of positions and a price increase to 325.30, or the price will drop to 285.
By MAs you can see an upward trend, which shows...
BCHUSD is in correction mode. We also expect a similar wave movement at this exchange rate as the lightcoin dollar pair. That is why similar motions are similar. In our opinion, the exchange rate is in front of a larger rising wave. Its size may be reduced by a possible intense dollar strengthening. However, according to current data, the rate of appreciation up...
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...
Bitcoin Cash has been very strong last few days.
Now at maximum resistance near $300 round number.
It will likely reject at first, but lets see if bulls persist.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden...
BCH has been looking strong even before the spike today.
It smacked into the 2.236 extension from $335 top > drop.
Safe to assume pullback is due, to WHICH fib is the question.
Swing traders who use Fibs have taken profit.
Bulls will want to hold the 3.236 fib at $ 246-47.
Bears will want to hold the 2.618 fib art $263.xx
.
See some of my other plots and...
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...
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...
October surely was a fate defining moment for - CHINA.
China finally realized that the way to truly win the global war against the USA, if it comes to it, is to dethrone Dollar. Something Russia has been actively doing since the sanctions have been placed on it, after the Ukraine debacle.
Nothing threatens the dollar more than creation and affirmation of a...
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Reasons:
- Price near 2 resistance lines
- Price accumulates under resistance lines
- I expect that price can bounce of resistance line lower
- Always do your own research
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In this video we will take a look on BITCOIN, ETHEREUM and RIPPLE vs. US Dollar and I will show you my own Trading Plan and where are the best places for opening positions.
As you remember English is not my native language, so please don't judge strictly my English, I will continue to improve my...
Hello my dear BCH traders & HODlers,
Bitcoin Cash is dangerously grinding at the $300 yet again. We had a very smiliar shape before- which I'm going to show you in this video -where we made 100% profit unleveraged. Have fun watching! ;)
If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other...
Its no secret that BCH follow BTC price movement. This week Bitcoin Cash had a violent move up, while BTC and other Alts stopped after last weeks HUGE bull move, Bitcoin Cash continued into early this week.
I remember pulling up a chart and and all the coins being within a percent of previous day, and BCH was up 18-20% out of nowhere. Surely I counted the Elliot...
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