Just wanted to make an analysis on BCH/EUR
Please see my other BCH/USD which is essentially the same.
I strongly believe 1 BCH will be worth 520 € more or less, and I'm trying to resist FOMO and looking for a juicy entry around 286 €
Good luck Bitcoin Cashers :D
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...
ZEC versus BTC has been bleeding for several month now... I believe a correction upward is due.
Last time (in January 2018) we dipped very low and bounced hard, and I'm expecting a similar scenario to happen in august.
My stop-loss is below 0.005, but you are on your own here.
Zcash KRAKEN:ZECUSD holders are getting depressed, because this coin has not been performing very well.
Good news is this coin is very solid for many reasons (Do your own research) and this price action is actually very good news for us. Only shitcoins do get rich-quick pump&dump.
Please keep in mind catching the bottom is very risky, because it can actually dip...
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.
BTC used to be king, but is actually plagued by all kind of problems : technically outdated, slow, expensive to transact with.
Maximalists are trying to spread the narrative of digital gold, but when you think 2 minutes this is non-sense.
Some prominents useful idiot on twitter are trying to pump it -- "last time below 10k", etc --- but the market will hammer...
The cryptography behind Zcash is extremely advanced and allows total privacy. This coin has the potential to become THE world money, by being
1) A medium of exchange
2) A store of value
Recently, the masterminds behind Zcash -- Electric Coin Company -- announced they will to go all-in on $ZEC. electriccoin.co
It's needless to...
So, the black trend line is acting as support as it should.
I believe by the time we reach target, the MA50 will act as a resistance, which is why I'm conservative on price target, but it could shoot much higher.
If this trade doesn't go our way, I think we will touch the MA200 and bounce hard from there.
About fundamentals, Bitcoin Cash have extremely strong...
We have several supports here :
- the black trendline became support
- The 50 daily ma
- 0.5 fib retracement
If you believe in TESLA, then long right now. And make sure to set a stop-loss (it's on the chart).