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BCCBTC

BCC/BTC TRASH COINSome of my trainees asked me to do TA work on BCC so here I am. Firstly I wanna say that this coin TA wise makes ABSOLUTELY NO SENSE. There is no wave structure and it just feels VERY odd. One thing I found out is that it is SORT OF respecting the FIB retracement. We can see a bounce off the 0.236 and also a bounce off the 0.382. These moves seem to be stopped by levels that are too strong to be broken. I strongly advise not to trade this coin as it makes absolutely no sense BUT if you REALLY want to trade it. Buy zone: 0.102 area (the 0.5 FIB) Sell target: 0.145 area (big level that I probably wont be able to break past) The chart clearly shows that when this coin decides to go up it does not retrace at all it just goes up, green green green and green until it is stopped. For that reason I advise to move your STOP LOSS up as the price goes up that way you are protected and if your stop loss is reached it probably means the move up is done. Follow me on telegram if you want to be updated on this trade. Please make sure to like this chart if you agree and if you want to trade actual good coins that show logical volume movement make sure to check my other charts!
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by UnknownUnicorn2029062
2
Holding BCC Losing Money? You can profit from it falling $$$We may be able to catch BCCBTC in the middle of a correction. Good to short, if your holding BCC this is the time to profit from the bearish market. Overall BCCBTC is in a range between .0640 and .2262, the range provides plenty of safety for us for now. You will note on the chart its currently in a bearish (downward) channel which is overlaid in light blue, you can profit from this. You will also note that every move up finished by a Large decisive Bullish bar (The bar closes near the top, circled in yellow), the market then slowly retraces the whole length of the bar or more. We have such a bar on 8th of February and a retracement that is underway but not complete. We would sell this now at live price around 0.1435, with an initial re-buy target of .1240, and for those brave enough leave about a quarter of the trade for the bottom of the range at 0.06500. for your re-buy. If we see an unexpected turn upward to .166 this will be your stop loss close position. Remember if you want to make Dollars your decisions have to make sense. Please note: Buy and hold positions create a clear bias in the opinions of traders, we have seen the effects and continue to see the effects of to many people holding coins and then trying to talk up a falling coin. What I intend to do is trade it, make money from it and share my thoughts with you. Follow to make more Dollars from trades that make Sense
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by DollarsAndSense
4
BCCBTC Potential for a 40% Mid?BCC has been steadily declining since before the start of the new year, as we can see along the past couple months, BCC has fully completed full count downs numerous times signaling its gearing for a trend reversal, the possibilities of this coin are a potential climb to the next Fibonacci resistance fast within a few weeks gaining 35%+ , or the other option that may occur with this coin is it will do another +2 days of an upwards trend followed by another down count that may take a few weeks before a trend reverse, this is definitely a coin to keep your eyes on and if you do decide to enter always be sure to keep a tight stop loss since the potential for this coin to burst is there
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by gloomog
Bitcoin Cash (BCC / BCH) vs BTC & USD (160-400% Potential)Bitcoin Cash (BCC / BCH) started moving yesterday, it started to move, started to move strong. This completely changed the charts and gave us an opening to a new trade, even with these declining markets... Let's see what we are looking at here, but first, why is Bitcoin Cash price climbing when everything else is going down? You know how big and easy news move this market, the cryptocurrency market, and there are big news for the Cryptocurrency community. There is a conference in Mexico from the 15th to the 18th February where many cryptocurrency experts will attend and give lectures about the cryptocurrency markets and other important topics. It turns out that Bitcoin.com, owned by Roger Ver, Bitcoin Cash main guy, is the main sponsor of this event. Making it basically a Bitcoin Cash sponsored event, so this can be one of the reasons the price started to move up suddenly. *** Indicators - On the chart above you can see how the MACD just crossed over and it is trending upward. You can see plenty of room left for growth. If more momentum builds up, Bitcoin Cash has the potential for a very strong run. - The TD indicator is giving us another positive signal. We just started a new green count after reaching a full 13 negative count, this is a good sign, we will know in a very short few days how exactly this trade will develop, no need to wait long. - Bitcoin Cash movement started after reaching a bottom @ 0.1206, a price that hasn't been seen since December 19th, almost two months ago. So basically two months of retrace and consolidation from our last run... We traded that one as well. It was a profitable trade. - The price broke and remained above the EMA30 & 90 price line, this is a very positive signal. This was a resistance point that was easily broken and will now serve as support. - The weekly chart candles, chart formation and overall picture, gives us room for plenty of growth. Closing this week positive can give us the next week a strong run. Let's trade Bitcoin Cash, let's make some money with this coin. - The fact that Bitcoin Cash broke free from Bitcoins hold, is also a positive signal. Note: There are some bearish signals for this trade, so this isn't 100% bull time but, this is a trade that can be done. Keep your stop loss and watch and... Let's Trade! *** Trade Instructions Buy-in: 0.144 - 0.178 Targets: (1) 0.196 (2) 0.240 (3) 0.312 (4) 0.427 (All Time High) Stop-loss: 0.139 *** Message of the day: Inspiration I am inspired to tell you how good we do, you do, when things don't go our way. It is good to learn to prosper, even when things are not looking so great. Times change, the season passed. Don't worry about the summer, winter won't last. Time is today, the world seems so great, why not take a minute, to cherish yourself? Why not take a minute, to develop your Soul? Yes, take some time off, to know who you are. Thank you for your continued support. Namaste my brother, such an incredible beautiful Soul. P.S. Please allow this trade time to develop. :) Patience is the key to success, here and everywhere else.
BLong
by AlanSantana
152
Bitcoin Cash, a sleeping time bombI have been monitoring this for a while, and I noticed it went completely off the radar, simply because people lost interest in it. However, knowing the history of the coin, and the team behind it, it still has a lot of backing. As we can see on the chart, it has been consolidating for a while, and it's not dropping below the fib target for a very long time, which indicated that holders are superior to the sellers right now. Indicators are showing very low volume and an oversold BitcoinCash. For my fibonacci targets, I didn't take into consideration the huge peak at the top, because I know it was artificially made by Roger Ver's 50000 bitcoin buy. This is, in my opinion a great buy. I'm going to wait for a small bullish sign ( a sign of an uptrend), then I get in. But I believe this trade is very low risk and high reward.
BLong
by Zebre_Trader
2
Early entry on Bitcoin CashI'm not choosing sides between BTC and BCH, honestly I think that both LN and BigBlock are bad ideas. Since BCH has big figures backing it, such as the CEO of BITMAIN, JihanWu, and the Bitcoin Jesus Roger Ver. I expect there will be some sort of shilling effect coming soon. Additionally, fundamental news or announcements often coincides with chart pattern, like what I am looking on the chart here is a potential symmetrical triangle. I will enter a small long position trying to catch the 'early entry'. ****Disclaimer-This is not an investment advice, you are responsible for your own trade.****
BLong
by JoE
BCC Bitcoin Cash Possible 200% run up if market settles?After a long correction and returning to near 62% Fibonacci Retracement is Bitcoin Cash headed up. With a lot of events in the upcoming days look for the traditional equity markets to cool off after 2/8/18. With no more alpha in these markets for the short term the money will look to come back into crypto as its primed to end its almost 50 day correction. Bitcoin will surge and bring all the alt coins up. Don't overlook Bitcoin Cash. Look for these points of support and resistance on the way up. Entry .13050000 #1 Resistance .17455550 #2 Support .14010030 #3 Resistance .20800000 #4 Support .18899994 #5 Resistance .38809500 Stop Loss .10746834 This is not financial advice just my opinion and how I will be following this trade. Remember to invest only what you can afford to loose. Cryptocurrency is very speculative and may not be for everyone. Trading in a correcting market offers big potential gains but can be very risky. Patience and good luck.
BLong
by vthokiee97
2
BCH - bear or bull? Entire cryptomarket at a crossroads. BCH's path in 2018 depends on the severity of the current BTC -0.79% correction. This applies to most currencies in my opinion. Here are two possible scenarios: Bullish perspective - market revival end Feb 2018 Bitcoin Cash -0.54% started as a hard fork of Bitcoin -0.79% on Aug 1 2017. Since then it has demonstrated a distinct fractal pattern (red boxes) consisting of two peaks. We have completed two of these cycles. The chart shows two pitchforks displaying the two trading channels that BCH has travelled. The black channel is the dominant one and the one we are now in. The orange channel is one we broke into during a failed breakout in Dec 2018. I think this "failed" breakout demonstrates the exuberance that follows BCH pumps. The navy blue line (bottom) is the BCHBTC 0.10% price. I believe that overall the BTC -0.79% market determines the course of all cryptocurrencies. You'll notice that whenever the BCHBTC 0.10% price bounces off the trendline (green box), the price starts moving up on the dollar chart - makes sense right? This is the start of a BCH bull run. Just looking at the BCHBTC 0.10% chart I guess we have about one month until this happens again. This lines up nicely with the 1280 level on the BCHUSD -0.54% chart, which is the bottom of the orange channel. That means if support is found here, BCH will be moving up in the world. And you see that purple line? Well it lines up nicely with the last 3 ATHs. I haven't gone so far as to actually start believing these numbers yet. They're just too much. In fact that's what makes me somewhat skeptical myself. It's not even hype time and I already disbelieve. But the chart does look nice and shows a nice continuation of events. I guess we all want to believe the party never ends. Disclaimer: I'm a longer term holder in BCH since Aug 2017 so I'm always looking for excuses to get all warm and fuzzy over my BCH. Take this with a dollop of skepticism at best. I think if the bullish forecast transpires, BCH will break all records this year. Bearish Perspective - BTC breaks 20 week MA and begins multi-month bear cycle If BTC nosedives the entire crypto market will be wiped out. Sorry there it is. That's my opinion. BCH will fulfill the bear cycle similar to the end of the first fractal pattern. This could see us scraping the bottom of a very nasty bear period, which could see BCHBTC as low as 0.04. Here the chart also shows two pitchforks except this time we have a downtrend (red). The pending red box will be a crucial test for us. If we survive then we'll go up to a higher trading channel (see bull perspective), if not we go down to the bottom of the red channel, where WE WILL BOUNCE FUCKING HARD . (Sorry.) I think after this bear cycle many cryptocurrencies will start to come back to life and BCH will see a new 2-pattern bull cycle.
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by RealMcafee
BCC/BTC - Volume/Price Divergence - 8-10% Swing OpportunityBCC/BTC is now exhibiting a Volume/Price divergence, and has been for the better part of a day. Using the VZO Indicator, which is a leading indicator, gives us an idea of bulls vs bears action in the market. A divergence such as this demonstrates that there are a lot of bulls (and therefore upward pressure on prices) that haven't yet been reflected in the price action. Given this, we look to enter once a strong upward movement is determined. Usually, I wait for a green closing candle (and a strong close relative to total trading range for that period), and then set a conditional buy order above the high of the previous candle. E.g. if the previous candle's high was 0.133300 (such as BCC 0.11% looks like it will), I'll set a conditional buy at 0.133700. This hopefully will catch any potential movement up - price movements based on a Volume/Price divergence can be extremely quick - and prevents us from being bounced into the trade via a high shadow candle. Look to enter this trade at 0.133700 - 0.134700 , and then set a stop loss below the lowest closing price (which at the moment is 0.130303). This is a very tight stop loss (3.5%), but it's preferable to take a small loss on a volatile movement such as this. Time is of the essence with these! So get in quickly. Note: the last candle was a hammer candle, and the current candle has ranged high (and low), so this could go either way yet. Always exercise caution. You're better off missing a few % points of profit to negate the risk of a loss.
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by DreamsDefined
1