The wave (iv) of (more likely) or the initials in the wave (v) of continues to form. The initials are less likely due to the fact that the leading diagonal was clearly from triples, which is typical for waves A and not typical for the first waves at all.
In short, I’m waiting for bitcoin cash to the turquoise (blue) area and I will buy with a stop at the end of...
Bicoin Cash may break the descending line of the triangle.
Se see that, although it has had a bad July BCH moves still above the bullish trendline. Now Stoch. and MACD seem to point to a recovery above the triangular formation.
Things are turning interesting here.
Decreased volatility for the last few days is an indication of volatile price change is in the near future.
We are more likely to have a rally, than a decline, as we are finishing what appears to be a micro 1-5,abc pattern.
If the price continue to stabilize, this will lead for the price action for Alt coins accumulation,...
I believe a inverse head & shoulders pattern is developping.
I'm looking for the price to retrace to $309 and then buy some $BCH in hope for the price to go back to $318 which would validate the pattern, and smash through the moving average resistance up to $336.
$BCH is a sleeping beast, I am betting on it.
BTC dominance has surged first in response to the slow death of ETH tokens and then on trade fear demands from China. Once the tariffs came off BTC cooled as we predicted, but nonetheless, the concerns are far from over. So lets discuss some key points:
1. Even though BTC has dropped its dominance is raising but both BCH and BNB are two of the few that are...
Priority: Short
Reasons for open position:
- Price broke trendline
- Price locally change trend to downward
- Sell zone by trend
- Target is 323.75$
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
Also, you can ask me questions which you have in comments! Please no need to...
Ok don't listen to all those complicated charts, here's the simple thing :
We have confluence of the 50 weekly MA as support, also with this trendline from last december lows.
For me personally, I have a bullish bias and I go with the uptrend, so I would like to see a retest of the $300 levels and watch closely the price action (in hope to go long). Needless to...
Took a small short term position here at 872 ...BCH chart is mimicking BTC and I am expecting one last extended wave up on BTC before further down. Would have prefered multiple FIb supports, rather than just horizontal local so will be running with 2% stop as opposed to usual looser stops.
Bitcoin Cash has the opportunity to break out of the bull flag at around $ 300 to the $ 410 range. There the price course should be analysed again.
Ideally, after the first small outbreak, the course will retest the bull flag. There, the long entry signal would be generated.
It is important to observe and anticipate this move.
Since the last Report, that was published before the Libra announcement, things changed, and market pushed higher.
However, we still hitting a major price juncture, and a $2.5k price dump in BTC has shown that. However, alts held reasonably well, so what happens next?
I am not sure who is buying at these levels now, but those people must have deep pockets....
Could go either way this one. Possible bullish momentum but also leading with a bear flag which could mean possible downside.
I'd wait. Entry needs to be governed by price action, right now it is lacking.
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