Hi, right now everything looking good. We are in uptrend right now, if today we close the candle above SMA50, it’s a good sign. Today we tested the resistance $535 and we got rejected. I think we are going to repeat the same structure that happened in 24.December (red ellipses), so therefore it will take couple of days to break the resistance $535. So be patient...
Bitcoin cash has shed almost 44% of its value with the recent retracement and now it is approaching a support level at around 375, this will present us with more buying opportunities and if that happens then we can aim for our take profit target at the 141.0% fibonacci extension (963) of the last bullish impulse leg.
Wow, November a great month for everyone who was involved in finance on the bull side.
Note: Fractal on December 2nd , which is today. Lets see what it will bring. Since, I don't see any fractals for the rest of December.
How does the December is looking?
Well if you look careful at my chart, I want you to notice the similarity in the formation of the fractal...
probably one of the safest coins to enter , situation is very good for bitcoin cash , price is cheap as it didnt move fine in this bull run ,price holding very strong weekly support also broke and retested bearish weekly trendline , if you hate something it means it bothers you ! so you can invest and make money lol , the sleeping giant may wake up soon
BCH is now since the last bull cycle in a bearish market. BTC, ETH and Co. got out of it and hit almost there Fib levels. Altseason hasn't even started yet!
We can expect a massive upwards trend after this correction in those Alt's which are still very low like BCH or ZCASH.
I can see a 16K Dollar BCH in this altseason that would be a gain of 3200%!
Buy the dip,...
Globally long, locally short.
Decision making today is roulette.
Currently, only at this point is the instrument of interest.
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
BCH is near one of its weekly supports and I hope it will hold the price from dropping more (since BTC~46k and is near to its major support at 42k, which means that the probability of going down for more than 10% is low).
In the linked posts I described BCH dominance and BCHBTC pair.
To conclude, I expect the BCH to explode after BTC correction...
Hi dear friends, hope you are well and welcome to the new update on the Bitcoin Cash coin.
On the long-term weekly time frame chart, the priceline of BCH is completing the formation of bullish Cypher pattern and soon it will be entered the potential reversal zone There is also 25 SMA in the potential reversal zone and 100 AND 50 simple moving averageS supports...
So as you can see, BCH did exactly what I said it would in my last (privately published) analysis for loyal followers and website members only. BCH bounced off the Ichimoku Cloud and went up to the golden ratio fib level at 1.618 which was my target of $716.00 and from there BCH has dropped significantly.
As per usual, my target is hit and within a few days you...
I always asked myself why do this Bitcoin forks have any value at all!
How come people buy them???
What is their use case?
How come BCH have such an obscene market cap of $10,255,161,144?!?!
When it will prove to be a shitcoin?
When all these forks will disappear?
In order to protect yourself from the crypto selloff that is about to come, i have two buy and sell...