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BCC

BITCOIN CASH WILL MAKE IT !Traders, Here we have BCHUSD on 1D chart. When I trade a Bull Flag the biggest difference from a Flat Top Breakout is that the consolidation is occurring BELOW the high. So as a Flat Top Breakout consolidates within a few cents of the highs, a Bull Flag experiences typically 2-3 red candles I set my stop at the low of the flag which is usually pretty close by. This gives me a good risk reward ratio. If I want to double my position on the high of day break and then sell through that spike I can make a little more money. It’s important to be careful not to buy a double top. If we have a big pullback, then squeeze right back to the highs we’ll sometimes see a double top formation, or a U shape on the chart. In the examples below you will see some perfect bull flags, but you will also see some sloppier bull flags. The most important thing is that we trade bull flags on the best here. Regards, Mohsen
BLong
by MohsenCapital
1
BCH H&S 40% Profit OpportunityAs expected, when the fork was announced for BCH, we saw a sharp rally. Now that the fork is complete as of yesterday, here comes the sell. As we can see here, we have a head and shoulders reversal pattern that has confirmed BUT has bounced off a major uptrend line (red) that spans back for months. To be safe, I suggest entering the trade once the red support line is broken to the bottom. If you're more aggressive, I would enter the trade now as we have a fairly solid 1:10 trade. The closer you can short to the neckline the better.
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by ttrending
4
Bitcoin Cash hard fork. Worth it without free tokens?Coin of the day is Bitcoin Cash. The most famous hard fork of Bitcoin, Bitcoin Cash solves infamous Bitcoin scalability problems in its own style, trying to cut any possible corner and become the most usable and adoptable cryptocurrency. 15 May hard fork Was the announcement of future BCH fork fueling the coin growth? Did people bought the coin in anticipation of getting new free tokens? It is certainly possible, as many people associate the phrase “hard fork” with “free” tokens. Not every hard fork creates a new cryptocurrency however, and you’ll be sorely disappointed if you bought BCH in order to secure coins of a new cryptocurrency. The BCH hard fork scheduled for May 15 will change Bitcoin Cash’s consensus rules, but there will be no new cryptocurrency as a result. Bitcoin Cash main course is to resolve BTC scaling problems. The side that is now advocating for BCH is saying that BTC will never be able to scale properly as long as its maximum block size remains limited to 1 megabyte. Bitcoin Cash claims to greatly improve scalability with its 8 megabyte block size, while those who advocate for the original Bitcoin are leaning on second layer solutions such as the Lightning Network. If today fork is successful, Bitcoin Cash will increase its maximum block size even further to 32 megabytes. Such improvement seems to be excessive for current network load, as the average Bitcoin Cash block size never came close to exceeding the 8 mb limit and only peaked at the 4.7 mb mark for a brief period in mid-January according network researchers. Probably the team expects that the load will increase or this move with the expectation of a distant future. The Hard Fork is set to take place at 16:00 UTC, therefore this afternoon should see some increased activity within the Bitcoin Cash network. Though this is unlikely to lead the price to spike, we should watch out for signs of surges as we near the allocated fork time. Moreover, we should also be cautious about this causing the value of Bitcoin Cash to drop, this too, is possible. What is announced for hard fork: Block size increase from 8MB to 32MB. The OP_RETURN data carrier size is increasing to 220 bytes. This will enable smart contracts. Bitcoin Unlimited , the full node implementation for Bitcoin and Bitcoin Cash networks plays an important role in the upcoming hard fork along with ABC developers. Technicals BCCBTC is trading in the correctional pattern to the April growth. Peaked on May 6th the price was gradually lowering, making the flag formation. Last three days were showing that the price seems to find a support level in the 0.155 - 0.16 zone. 100-days EMA stays below the price, and the overall pattern looks bullish. If we consider the takeoff scenario from the 0.16 level, a breakthrough of the Bearish Trend Line and 0.17 level will be a confirmation signal. 0.14 level could be a support for the deeper correctional movement in case of the after-hard-fork drawdown. Breakthrough below the 100-days EMA would send the price into a more depressive pattern.
BLong
by DestinationMoonCrypto
Let's discuss Bitcoin Cash before hard fork on 15th of May!Bitcoin Cash is one of the coins in the last days/weeks which had a strong movement. Why? Because of the hard fork at the 15th of May. People are expecting a huge jump in the next 2/3 days. But I see the possibility of people selling or holding. Together with the uncertainity of how Bitcoin will behave the next two days (see my last Bitcoin chart to see what I think about what will happen), I have huge doubts about huge possible profits, here. But there is big potential. I assumed it would have gone gone higher than the 1850 USD. But this didn't work. There was even an assumption of 0.25 BTC. But it slowed down hugely, so it didn't achieve 0.2 BTC. Considering last BTC hard forks, I think that a big movement here is unlikely. There is a strong resistance line here which I don't think it will break, easily. Risks are high that there will be a fake breakout causing in lot's of FOMO losses. The movements I see right now are between a strong fibonacci level and the mentioned resistance line. All in all, a possible win of mere 10% in USD if this happens. The maximal profit potentials are up to 2k level. ~1850 USD would make more sense, though. This would be huge! Depending on how the chart really goes, I might change my assumptions and keep you updated. There is still plenty of time to make a breakout of the resistance line. Until then keep in mind that there will be a hard fork and there still is potential. So, don't forget about this coin till then. Have luck!
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by calumon