Looking more likely that this is going to be the outcome when you consider USD values with BCH, or the whole crypto market if BTC is coming down in value.
This is a really interesting area that majority of tradeable assets tend to hit, and cryptocurrencies is that one.
Depending on your gameplan. Have tight stop losses as it really does depend on BTC when it...
Price really wants to go to $500, but the psychological affect of not wanting to buy at the top is weighting down on the price action.
As you can see based of volume, a lot of ppl bought pretty low, so they are in no hurry to sell. However, a lot of new buyers are not that eager to drop $500 on what used to cost on average $120. So i can expect some stronger than...
The current price is bouncing between two ranges marked by red and green arrows, we have resistance from 21 Weekly average (330) and support from 50 moving average (309), one of them has to give way
RSI recently got rejected from top of the channel (red arrow) and now below 50, likely will go to bottom of channel
The bearish rising wedge is an obvious pattern...
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,...
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 $300 levels and watch closely the price action (in hope to go long). Needless to...
Reasons for open position:
- Price broke trendline
- Price locally change trend to downward
- Sell zone by trend
- Target is 323.75$
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...
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.
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.