BITCOIN CASH CROSSROADBCH is channelised in a downtrend.
It found now a nice basis which normally should put it high again. The propulsive strenght of this Basis seems to weaken, designing a descending triangle. The only solution to come out of this channel is another strong squeez.
If this squeez did not arrive, a strong sell off will follow.
If it come out of the channel the orange areas are the target.
Wait, buy or sell the break out.
BIO
BCC
BCCBTC Bitcoin Cash the entry pointSigns of mid term bullishness:
1. Recently breaking a narrow boll
2. Uptrend RSI / MACD DIFF / KDJ
For now the price is still in downtrend, with D>K
We aim at getting back into the market at:
1. Somewhere between 50EMA and 50SMA
2. Support zone around 0.08
No rush.
Potential H&S on BCC/USDTBy the look of it we may have a H&S "by the book". It would confirm by crossing the neck line, usually followed by a small correction then dumping as low the distance from the neck line to the highest point.
#BitcoinCash | $BCC $BCC looks Primed & Ready to RUN to $850!#BitcoinCash | $BCC $BCC looks Primed & Ready to RUN to $850! or atleast a double top.
We entered this position too early, w/ a $100k average @ $578.34.
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BCH: LONG THE RETESTNose pattern/Double bottom in the support area.
Longed the retest, stoploss below previous lows.
3:1 Risk reward
#BitcoinCash #SHORTS are about to meet their RECKONING!!#BitcoinCash #SHORTS are about to meet their RECKONING!!
I see 5 Waves down, ALMOST complete 4 #BitcoinCash | $BCH $BCC!I see 5 Waves down, ALMOST complete 4 #BitcoinCash | $BCH $BCC!
Obvious Bullish Divergence spotted on #BitcoinCash | $BCC $BCH!Obvious Bullish Divergence spotted on #BitcoinCash | $BCC $BCH!
Easiest trade of the year. Shorting Bitcoin Cash.Lets make some money by shorting this garbage.
Rsi has bearish divergence. TD sequential is about to hit a 9.
You can use massive amount of leverage and use the top as a stop-loss.
I'm not doing that. I shorted with a medium size position and will consider doubling down. If we get the same signals on a higher time frame. Like 12 hour.
Never the less this is a very high probability trade I'm taking without a second doubt.
$BCCInverse head and shoulders
ABC wave still have a wave up if it bounces off very strong trend line
BCCUSD [Bitcoin Cash] 50% up and bears still under control ?Everyone and his dog talking about 50% up on Bitcoin Cash based on speculation related to the upcoming fork…
Great but if you are not long from 500 USD or below and you are trying to chase the price here it may end up badly ( simply it might be you turning the light off ;) )
Based on that chart we are in consolidation phase at best ( from beging of September ) between 400 and 650 USD.
Only move and close above 700USD may open the way towards 900 USD.
Any kind of dissapintment here may bring new wave of sell off towards bottom of the consolidation and daily close ( twice in a row ) below 400 USD may open the way towards ….. 150 USD.
Next ...in the name of hardforkits not a normal rally......its for hardfork...so no short... just long till 15th nov
The ONLY reasonable TARGET | BULL RUN of 2018! | #BitcoinCashThe ONLY reasonable TARGET | BULL RUN of 2018! | #BitcoinCash
BITCOIN CASH BUY AND SHORT TRENDS BEFORE FORKWe are on a strong upwards trend testing the upper resistance of a larger down trend. We are getting near the 15th November, date of the announced fork.
Some days before traders are going to short it... therefor I draw a "short risk zone" with the upper resistances.
Is BCCBTC ready to go down? Prepare for a 20% lossHope, it is the quintessential human delusion, simultaneously the source of our greatest strength, and our greatest weakness. It is time to allow BCCBTC to retrace. Looking forward to your comments!
Be careful about shorting Bitcoin Cash here. Consider this.Bitcoin Cash is currently having an insane pump. Many of you probably have thought about shorting it or have already done so.
But be careful. Look at the massive amounts of shorts being opened during the pump. You do not want to get caught up in a short squeeze, which is what happened for XRP. Instead, if you wish to short it, just wait for a 50% correction and short the bounce from 0.5 for a much safer short entry, You will catch most the profits without the risk of shorting currently.
While I do suspect the rally is ending soon, opening a short when shorts are insanely high is very risky. Keep in mind shorters need to buy back into the market.
During the XRP rally, the shorters opened the position and price pushed 50% higher, causing cascade of liquidations. The remaining shorters managed to close their positions at the exact top. The same could be happening for Bitcoin Cash.
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