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BAB

BCH BABUSD H&S failure or crash mode again? Part 2In the previous analysis i showed a H&S pattern of which i assumed it would probably fail and we could see a counter move up. We made that higher low on the right shoulder and since then we went up. However, this is not a strong counter move as i expected it to be (if the H&S would fail), the blue circle area should have been a bit stronger. On the left we can see a small triangle, from the looks of it, it could break down. Because on the right we can also see the volume has been quite low the past days. So ideally we see the red or blue line play out, test support again and make a very big bull flag coming week. So the chance for a big rally from this point on, are IMO small. Please don't forget to like if you appreciate this. Previous analysis:
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by botje11
3
BCH (ABC) continuation patternBAB or BCHABC is in a very bullish trend . It is now forming an HVF (triangle), and is consolidating inside the funnel ( parallel channel ), after a what seems to be a fake-out. The pattern is suggesting that sellers have not taken control yet, although the fake-out is something to keep in mind. the chance to go up is probably 50%, but the risk reward is great. Stop is the most recent low made (190). Best is to buy as close to the low as possible, or when volume confirms a 2nd try for a breakout.
BLong
by RegideTrader
1
BCH BSV BAB Low volume and trianglesI actually did not want to make an analysis on these 2 but since many people have asked me to i will give it a try. The reasons i did not want to do it myself is very simple, there is not enough data to analyse these 2, only 3 weeks of data. But i will give it a try. My second reason is, i honestly do not even want to waste my time or energy on something that is being used like a little toy by an elite few who simply just do whatever they want and have been the catalyst for the dump the crypto market had the past weeks. I hope these people are very proud of themselves for proofing the world that crypto is not decentrale as it is on paper. On the left we can see a triangle in the making where the volume is dropping as well. Usually this means we can see a break on the downside. But that blue circle shows a possible bear trap move, indicating some big players might be accumulating here in this triangle. So only if we break up with high volume, this story might be true. That red zone is a clear resistance level. On the right we can see an inverse H&S brought the price to the current levels and from the looks of it we broke upwards from that triangle. But there is no volume at all there. That tells me this breakout will most probably fail. Unless it can stay above the 95ish and still make another move up this week with high volume. Otherwise i think it can test the 70ish zone again. Please don't forget to like if you appreciate this:)
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by botje11
16
Bitcoin ABC (Bitcoin Cash) fundamental analysis. Dear colleagues and followers, We at Osiris Finance happily resume or regular posting schedule after the Bitcoin Cash hard fork. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make them less susceptible to statistical outliers. Bitcoin price extended declines and traded to new lows below $4,550 against the US Dollar. BTC/USD is currently under pressure below $5,000 and the decrease in Bitcoin Hash Rate could ignite more losses. The chart indicates that the price dropped heavily below the $5,060 and $4,860 support levels. It even declined below the $4,550 support and traded to a new multi-month low around the $4,400 level. The RSI has reached the 10 level, suggesting that the price is facing a solid selling interest below $4,860. However, there are chances of a short-term bounce from the recent low of $4,407. An initial resistance is near the 23.6% Fib retracement level of the recent decline from the $5,751 high to $4,407 low. Moreover, there is a major bearish trend line in place with resistance at $4,700 on the same chart to act as a barrier for buyers. (Source: coingape.com) According to the recent news, two separate crypto exchanges, Huobi and Kraken, have independently decided to list Bitcoin ABC coins as Bitcoin Cash (BCH) on their exchanges. In the same announcement Kraken also warned that, despite listing Bitcoin SV as well (by the ticker BSV), the exchange ultimately regards it as a high-risk investment as it does not meet usual listing requirements (Source: ethereumworldnews.com). Coin.dance platform has also formally announced that Bitcoin ABC has won the “has war” (Source: cash.coin.dance). The Indian government is actively preparing a draft bill on crypto regulation, which is expected to see light this December, according to documents obtained by digital news website Quartz India Tuesday, Nov. 20. The government has filed a counter-affidavit yesterday, Nov. 19 in the Supreme Court of India, which is currently hearing a case filed by several crypto exchanges against the Reserve Bank of India (RBI). The document states that the Indian finance ministry panel, responsible for the draft and headed by secretary in the department of economic affairs Subhash Chandra Garg, will present its first version in December. Quartz India reports that the draft report and bill will be sent out to members of the inter-ministerial committee (IMC), and that the next meeting of the IMC will specifically discuss the draft legislation. The documents notes that it is expected that the draft report will be placed before the IMC by next month. (Source: cointelegraph.com) The world’s second-largest cryptocurrency exchange OKEx hit back at accusations it “manipulated markets” by adjusting Bitcoin Cash (BCH) futures settlements in a fresh statement Nov. 20 sent to Cointelegraph. The exchange, which opted to deliver BCH futures early due to the coin’s contentious hard fork Nov. 15, subsequently saw a barrage of negative publicity over the decision, pundits complaining it had overstepped its remit in freely deciding when and how futures contracts would be settled. In particular, a Medium user AMBER AI accused OKEx of “outright market manipulation and one of the more serious acts of fraud in the history of limit order book trading in the cryptocurrency markets”. Published Nov. 19, the post provides a lengthy analysis of the futures settlement and further alleges OKEx contradicted its own small print several times during the process. It is argued traders have lost $24 million due to the move. Responding, the OKEx exchange sent a circular to users in which it said the futures settlement change was “based on the consideration of market integrity and customer interests”. OKEx added it would consider legal action against AMBER AI for “interfering” in its operations. (Source: cointelegraph.com) Due to the high volatility on the market and high uncertainty surrounding most of the coins, the Osiris Team does not recommend to trade with short-term investment horizons. As mentioned previously, the Osiris team is currently holding Bitcoin ABC (BAB on Bitfinex, BCH on Huobi and Kraken) guided primarily by fundamental analysis. The comparative performance of BAB is promising, BAB being the only coin among the top-20 staying in the green. As can be seen from the chart, BAB is also the only coin trading above its 4:30 UTC levels before the overall market dump. Currently, Bitcoin ABC can be undoubtedly called the winner of the “hash war”, controlling over 60% of the hash rate, being 46 blocks ahead and 54.3% ahead on proof of work (Source: cash.coin.dance). The mining of Bitcoin ABC has also become more diversified, including ViaBTC, AntPool and BTC.TOP pools. Recent block statistics (fees, sizes and outputs, source: blockchair.com) shows that at least these three pools are not “selfless”, mining solely for the promotion of the chain, but rather self-interested miners, implying that their activities are sustainable, which is crucial given overall concerns of loss generation over Bitcoin ABC and Bitcoin SV mining. Overall, the Osiris Team remains bullish on Bitcoin ABC. There is no firm selling target as upward coin movement is bounded not by technical or liquidity factors but rather by sentiment. As we believe negative sentiment over Bitcoin ABC is to vanish (which indeed is slowly happening), we will sell when we see signals of long-term price stabilisation at higher levels (probably over 340-350 USD) and resume short-term trading. Despite the fact fundamentally justified price for Bitcoin ABC is around 430 USD, given the overall bearish sentiment around crypto and significant selling pressure around 360 USD, where most of the sell orders are concentrated and where historical highs have previously formed (see chart), these assessments (~430 selling target) now seem slightly optimistic. Thank you for staying in touch and good luck in your today’s trades. We are looking forward to your feedback and any suggestions here at TradingView.
BLong
by Osiris_Finance