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Before I begin, I would like to preface that this is not a trading market with Bitcoin as bearish as it has been. As such, BCH will likely continue to be be negatively affected if Bitcoin continues its descent. However, BCH appears to be hitting several support levels all at once. First support line comes from the falling wedge that BCH has been in since this time ...
Bitcoin Cash is a partner with Bitmex in implicit or explicit way. As you know this coin is fork of Bitcoin which claiming that it is more faster than Bitcoin. The controversy is that Roger Ver and the whole Bitcoin Cash team is scamming the Cryptocurrency with this coin, with all of the shady actions that they've made. This rumour spread among crypto twitter OGs. ...
Targets 1&2 with stop loss
we see a descending triangle at bch-xbt. with the closing under the blue support area, I am planning to opening a short position. the target is as shown
#BCH #Long (BitMEX Or Binance)
#Open: 0.0697-0.0704 opend last night
0.0715 (we hit 2 sats under)
end of correction + divergence
We either have 1 more leg down or we are done the correction already. Either way the safe bet is to play the wedge breakout.
my main count rn, havent gotten to try and counting if the triangle is really just one of those 1-2-i-ii count things, ill trade breakout anyway
IMO next target 0.2 at next resistance for its 1.618 5th wave. MACD finally has crossed also meaning its correction may be over.
Looks like we're entering a new cycle.
TP1 0.15 btc
TP2 0.2 btc
TP3 0.25 btc
(this is my first published Idea on tradingview so please be kind :) )
yes I know there is too much stuff on this but that's how I work, now look at the RSI waves synchronized with breaking the long term resistances one after the other. The pattern is beautiful and there is only 1 last to break to enter bull mode. Also ...
Big bull flag and RSI divergence, waiting for the breakout.
1st TA : 0.25 btc
If BCH break support line we enter short position.
If it breaks falling triangle we can enter new position for a short time trade in the channel. If it breaks channel up we have additional confirmation to enter a new positon.
Target the top of the channel and the ATH.
Wanted to publish it yesterday, but was to scared to call a bottom on bcash. I don't want to trade this scam, but if others want they are free to do so. I just like what I see in this chart and I am putting my emotions aside to post this.
My RSI 21 OHLC made one of my best and most profitable patterns : Hit RSI trendline, in an extreme oversold condition and then ...
Targets in white.
In my opinion BCH will land for 0.114 support and then will bounce back strongly. It seems every time it drops -49.06% and then pushes back. Nothing scientific just an intuition and idea
So BCH hit the 0.618 FIB which happened to be the 2nd of the 3 support zones. It also hit the broken resistance line which turned into support.
Now BCH has slow blocks, which makes it a lot easier to pump (it means users can't really deposit coins into exchanges to sell them, so the already restricted supply, gets more restricted). Miners sold ...