bitcoin cash will be more successful BCHBTC > ETCETHBCC is a real/equal alternative, isnt it?
Equally important and trustworthy as BTC. The network size decides the election.
Remember the ATHof ETC near 50% in price?
ETC's only agenda was "immutability" supporting a thief at that time. Weak/logically flawned point.
Blockchains are no autonomous. People run blockchains. You could say a blockchain network is 10000 human witnesses who all let their computers represent them (since it is impossible to do it manually) all using the same software
I suggest neither long nor short today. But watch the network size and If it network is growing/catching up well is growing
- as it may be near the price bottom. (for example 5% network size - price bottom near 0.05BTC)
BCCBTC
Possible bounce back for BCCIndecision candle has formed on previous candle, current candle is down but if this candle or the next candle trends above previous candles high could be a small bounce up to next resistance
Bitcoin Cash is threatening to breakdown last major supportI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below!
Patterns: descending triangle
Horizontal support and resistance: S = 0.092 | R = 0.0927
12 & 26 EMA’s (calculate % difference): 12 = currently acting as resistance | 26 = -0.37%
50 & 128 MA’s: 50 = -0.68% | 128 = -4.40%
FIB’s: 0 = 0.092
Candlestick analysis: Bearish spinning top
Ichimoku Cloud: Fullish bearish with Tenkan resistance
TD’ Sequential: R-3 = R-2
Visible Range: Low volume below 0.084. High volume node at 0.1
Bollinger Bands: If not super squeeze then damn near
Trendline: Connect 5/7 to 7/18
Daily Trend: chop
Fractals: UP = 0.1 | DOWN = 0.091
On Balance Volume: New low/bear div’
ADX: Just made a new high after lower highs and higher lows.
Chaikin Money Flow: Resistance < 0 and turning back down
RSI (30 setting): Just made new all time low on daily
Stoch: Bearish cross and turning back down
Summary: If/when 0.09 breaksdown then there is very little support below. Still to early to open a short yet, due to being at support. Good time to set a stop order to open at 0.888. Stop loss = 0.1025 and point of control on the VPVR gives me high confidence that the stop will be safe.
BitcoinCash Great Entry Point! Jump in....Hello guys, whats up? I hope you have a great day.
Sorry that I didn't post any idea past couple of weeks. I went on a trip and I'm back and hungry for profit!
these days we saw BTCUSD correction lead to a bloody alts market. but as we come closer to C.B.O.E ETF decision we can see scared handes throw away alts. so we can spot very good entry points for them.
in this case, we can saw a very nice falling wedge pattern on the daily chart of BCHBTC and we are close to a major support line.
you can enter here with the stop loss below support line.
just remember always put stop loss in place on this market because no matter how much your setup would be strong, if BTCUSD decide to move against you your coin will move with BTCUSD too.
If you like this idea please leave a like and follow me for further ideas.
Feel free to comment we will respond to you asap
BCC waiting for breakoutPatience is a virtue. We will just need this to breakout so that we can get a great entry!
Bitcoin Cash (BCC) Another Run (180% Earnings Potential)Last time we traded Bitcoin Cash (BCC), or BCH as it is known on Bittrex, we made a huge ~80% profits. We are now sitting at a very strong support for this coin and I am receiving several signals for the charts telling me that it is time to get ready.
Now, even before we get started, let me tell you that these are very early signals and these trades all carry a certain degree of risk. Some you win, some others you lose. The overall market sentiment, and Bitcoin, are very important in deciding which one it is that will happen for us... and of course, your degree of patience will be instrumental in your final results when it comes to trading cryptos. Patience is the key as I love to say.
With that said, let's trade Bitcoin Cash another time and make huge profits out of it. Easy profits, since all you have to do is buy and hold, to later sell for profits. Lovely isn't it?!
Bitcoin Cash (BCCBTC) Money Trade by Alan Masters
TRADE INSTRUCTIONS
Buy in: 0.110 - 0.118
Bitcoin Cash Targets by Alan Masters:
(1) 0.126
(2) 0.137
(3) 0.146
(4) 0.155
(5) 0.168
(6) 0.185
(7) 0.203
Next support:
(1) 0.102
(2) 0.094
Stop loss: You can set your own risk level if you wish to use a stop loss. If we break down rather than up, you can look for 0.108 as a sell signal but only to buy back in at the "Next support". If you believe the price is going down based on your own experience, then you can set a buy order at the next support level (0.102).
Capital allocation: <10%.
BRING ME THE CASH: BITCOIN CASH
How can I get more cash?
How do I get money, which can help me achieve a state of wealth, by allowing cash to enter my life?
Has it ever happened to you that you always seen to get the "wrong" trade?
We have 5 different options, I am picking one, but the 1 I chose isn't going anywhere!
Yet, the other 4 seem to be doing great. What's the problem, is cash from me running away?
Maybe you need to consider that you are trying to avoid money in your life, subconsciously, because money might get in your way.
So in order to be able to receive cash, get money and enter the state of mind that allows you to have wealth.
You have to first dive into your subconscious, and understand that your problem isn't bad luck, more like something completely different that you will soon understand.
Get away from everything, the computer, the friends, the family, even the trades.
Dedicate time to yourself, to your own mind, it is time for meditation, it is time to pray.
As you sit down on your own and listen to all of the thoughts that are coming to your head.
Ask the following question: What Am I Thinking About All Day?
As you receive the answer, make sure that you change those thoughts, negativity, worry, despair, frustration, for the positive things that you want to have in the first place.
Focus on positive feelings, focus on the feeling that the cash that you are trying to acquire will bring to your day to day. As you feel rich and grateful for being alive and happy, that's when the state of wealth will allow you to receive the cash and money that you have been asking for every single day.
Namaste.
Bitcoin Cash - Could see fireworks soon This came across my radar, which I though was worth mentioning. Looking at daily chart for Bitcoin Cash, you can see it has a nearly completed symmetrical triangle pattern. RSI is oversold and MACD has a near bullish cross. We could have a big breakout to the upside over the next week or so.
Quick day rundown. pt I dont feel amazing about all of this. It all feels normal. All of my old charts said we would be going to new lows Old BTC chart said around 6600 before drop to 5.4. Seeing the way that the coins were traded (on binance) I would not be surprised if we do. There was a lot of money pumped and dumped yesterday and most likely many bag holders.
I want to see us come above 6600. I almost don't see it happening. But im hoping/waiting for a new signal.
Check out the other parts too!
Can BCH reverse from here?RSI is near oversold region.
Trendline support is seen in the chart.
Will this trendline support or will it break?
NOTE - 1.This is not an investment advice, its just for knowledge purpose.
2. Any suggestions or idea will be appreciated as I am learning TA.
Bitcoin Cash in Ascending Triangle Breakout Pattern.Hey, I am back with another Technical Analysis, this time looking at Bitcoin Cash.
Lets keep it simple and just right on look at the chart.
On the chart you can see Ascending Triangle that has formed, if Triangle has to be valid it has to seen at least 2 swings high and 2 swings low , currently there are 2 up and 3 down.
Bassicaly in ascending triangle you have one strong ressistance level and increasing demand on Uptrend line, thats how Ascending Triangle is being formed.
Lets just move by looking at Indicators.
RSI shows clear uptrend ( demand increasing over time).
MACD shows really small period cycles, currently Bitcoin Cash should start curve upwards by bouncing off uptrend line in chart.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with Bitcoin Cash somewhat clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !
If I see something worth to share on the chart I will surely do an Update.
Bitcoin Cash - Inverse Head and Shoulders GaloreHey everyone! This is piggybacking off a previous post (linked below). Looking at the 4-hour chart for Bitcoin Cash, I see 2 inverse head and shoulders near completion which could make an exciting trade setup up. The completion of the first inverse head and shoulder pattern should bring us to the neckline of the second set up. And hopefully, it will domino from there. As always, keep an eye on Bitcoin through this trade (and all your trades) as it has a tendency to make trade setups go awry.
BitcoinCash vs Bitcoin Uptrend EstablishedBitcoinCash found the bottom at btc 0.123 while forming a bullish divergence on the RSI oscillator. The following wave up resulted in a break above the downtrend trendline and the 50 Moving Average, suggesting the continuation of the already established uptrend.
The recent wave up resulted in a break above the btc 0.152 resistance level, confirming BCC/BTC bullish intentions. The potential move up might result in a growth towards btc 0.2, that is 38.2% Fibonacci retracement applied through the all-time high.
But this is only the first upside target and key resistance level. If Bitcoin Cash will break above, that should confirm further uptrend and could send price much higher. On the other hand, rejection could result in a corrective move down or an extended consolidation.
The risk of the downtrend will only become valid once/if price breaks below the btc 0.123. In that case BCC could go down towards btc 0.1 psychological support.
Downtrend line since start of May broken; target 0.16 BTCDowntrend line since start of May broken. Edge to edge triggered and Bband breakout on the 4 hour as volume returns after a month of consolidation. VPVR, Ichimoku and fib confluence pointing to a target of around 0.16.
Potential to gain from 65% to 323%, in multiple timeframe TA.Multiple time frame TA included.
Charts speak for them self.
If i missed something please let me know, i will appreciate it!
With breakout form B-C downward channel, we appear to have completed the wave 5, and are in the process of setting up the ABC pattern now.
It is possible we can go lower, but i think that will depend on BTC more than anything that BCC can throw.
I guess in plain words anything bellow $1000 is a buy in usd, or anything bellow 13 million satoshi, grab it with your feet.
We still have a few resistance to break up, as we will move into 1-2 wave, but if the volumes pick up, we are definitely getting out of this triangle, and reaching new heights.
Stop zone are identified. and we might have a crappy breakout, that will take us back to C again, which will suck for everyone.
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
Time to sell Bitcoin cash? Chart Analysis [16-05-2018]Head and shoulder pattern setting up on BCCUSD. Fib shown as guide for potential take profit areas.
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.