Bitcoin Cash is headed for a collision with the intersection of the downward trend line and a longterm support. The Bolinger Bands are tightening and the total market cap is falling. I'd target the longer-term resistance line for a purchase between $105-$120 in the months to come.
First, sorry for a delayed TA, I needed to gather some thoughts, find time, and energy to put the gravity of Crypto for the last year of 2019.
So far this year have been one hell of a roll coaster. I have feeling that December, is just going to get just as wild.
First, we have a fractal on Dec 7th, so this Weekend, we can expect fireworks. I trully, hope this is...
Bearish Butterfly Scenario for Bitcoin Cash ( Daily Chart ).
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Here's my guide I'm using for $BCH for the next 6-7 months.
Catalysts
Cashscript
Bitcoin Cash City
November network upgrade
April 2020 halving
Expected peak: 45 days before the halving (end of February)
T1: $974.31
T2: $1,418.84
T3: $1,863.37
T4: $2,138.09
Bitcoin Cash 2019 growth is impressive. I believe Bitcoin Cash is the most overlooked coin in...
Disclaimer! This content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.
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...
Since Bitcoin Cash is a good asset, I decided to show its next action. To begin with, let's set the levels.
The main levels:
600 - is a strong resistance level.
312 - local resistance. Where the price will come when the trend line is broken.
203 - local support.
73 - global support and global minimum coins.
Indicators
According to MAs, it is clear that they are...
Since the last update (look update from October, 20 in my telegram channel) everything is globally unchanged. Locally, an initial impulse and correction were forming. Now probably this is also over. The hypothesis will be confirmed after a breakdown of the green channel up, where I will recommend a long with a stop for a local minimum (currently 233).
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...
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