Bearish Butterfly Scenario for Bitcoin Cash ( Daily Chart ).
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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...
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...
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.
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.
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).
Friends, please at first support this idea with your Likes, thanks.
- Price near Key Level
- Locally downtrend
- If price will break Key Level then after pullback we can open position
- 1st Target is Support Level 242 $ and lower
- Always do your own research
Guys, if you like the idea please put like button, it's will be the best thanks.
Thank you for...
In the short term, we should check whether the stock will fall back to a buyable range and then rise.
The short-term trading target is 261.2 points.
The second target price is 351.7 points, but if you touch the 200MA and 500MA levels, the price will be the target.
From a long-term perspective, the 261.2 point or less is a buyable area.
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.
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...
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! ;)
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