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BCCBTC

BCCBTC - Reversion to the Mean TradeBCC has had an extreme move to the downside with bitcoin making new highs, and it is finally starting to show some exhaustion. The daily chart is showing a bounce into and out of the MA cloud indicating a bullish trend continuation. Momentum appears to be slowing down on the 4H chart with a doji HA candlestick forming and indicating price could potentially change direction. I will be waiting for the next candle to open and indicate a strong momentum to the upside before entering positions. Heavily oversold weighted RSI is also a good indication price could swing to the upside and attempt to touch the MA cloud or possibly the 50% fib area.
BLong
by philipdinu
4
End of bear trend for BCH and Altcoins?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 show bullish divergence (which is a sign of reversal). We hit the 0.08 support, which is kinda bullish, after breaking the last bullish trendline and not showing strength to continue. In Crypto, a 65-75% pullback is usually enough and then coins to pump. Now most people and companies have sold their bch and the miners have mined tons of it, which means it could pump again soon. Why? Because there will be less supply and more demand. Scammers, like Jihan Wu - Roger Ver - Brian Armstrong - Erik Vorhees, are playing their little games and have problably already gotten in, ready to pump it again.
BLong
by BitcoinMacro
2