Bitcoin Cash halving will happen in 150 minutes.
Now what do we see on the chart?
We arrived at key level of 280,5$ which is a key level for BCH and structure was created here in the fall.
Around this level we also have the top of our upward channel, or rising wedge.
On the daily we got the 55ma sitting at 281,78.
We saw a nice little pump before the halving...
What is the Bitcoin Cash Halving?
Bitcoin Cash Halving is the event where the number of generated Bitcoin Cash rewards per block will be halved (divided by 2).
The total number of Bitcoin Cash mined by miners per block will reduce from 12.5 to 6.25 BTC in the next bitcoin halving.
The number of Bitcoin Cash found per block will become more scarce and this halving...
We are seeing really nice progress not only from Bitcoin but also from the major alts. Looking at the total market capitalization (excluding BTC) it currently stands at $74.6 or 18 percent up on weekly basis (btw the total market cap including BTC surpassed the psychological level of $200 billion yesterday, which is a very bullish sign in the...
Accumulation along the $222 support level
100MA about to cross 200MA , indicating 'interest' in the market
$267 target 1st, then $305 monthly resistance to close out the valley later as 2nd TP
Expect a pullback retouching the $222 support, great buy-in price, before moving back up.
As always please do your own research, I am not a financial advisor.
BCH/USD holding very Critical Point could go 420$ or 135$, As compare to BTC hit the yesterday Resistance level 7200$, IF BTC/USD HOLD 7k and next level 9k Resistance and BCH USD follow up upside 310$ nad more hard pump 420$
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Well, my previous analysis on the BCH ascending triangle did not work out, but I can at least blame Covid and a liquidity crisis.
Pretty clear ascending triangle on BCH, which is fairly buyable on this trend or at breakout for a target around $340, which will be a 40-45% move up. Tight stop loss below the descending triangle, but not too tight so you don't get...
BCH LOOKS INTERESTING AT THIS MOMENT
depens on the whale study can BCH increase any moment to high rage.
CoinBene shows good whale effects.
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Don;t have much time to write up today.
I believe the key here is the volumes in the H&S. This means we are close to the bottom.
The question is how are we going to go about this bottom.
I think, i presented my case.
Stay safe everyone.
April 2 - 3 is going to be a key, which means tomorrow lol
BLUE = Bear/Resistance
Yellow = Bull/...
Added to my BCHUSD short position on the recent mini pump and still have powder dry for any spike higher.
Two methods to measure wave 5 have confluence around the $100 price, a long term channel and a H&S target, all on declining volume on rising price.
Will the whales dump over the weekend or continue to rope a dope the evergreen crypto bulls......
Exiting the canal is a drain;
As long as we're in the channel, we can work from longitude.
BTC is growing, BCH will overtake in growth.
the buying area is interesting after a resistance breakdown.
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