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BCCUSD
BEWARE WHAT BITCOIN CASH DOESThe last was a very nice run. Bitcoin cash stopped on two important resistance the red line and the upper line of this downward channel.
Break out from this two lines means easy ATH. This is what I will follow with attention. Break Out = BUY
If it fail and it break down the first orange dotted line I think that it can be shorted at least till 890.
The RSI decrease was drammatic for just a little retracement of price. Upward movement could come soon.
BIO
Bitcoin Cash - let the correction begin!I have warned everybody just 2 days ago about BCH being overbought. And now you see, that we definetely started such a needed correction. The whole market was pumped and now it´s a question how much dumped it will be?
My opinion? A lot!
As I mentioned earlier, BCH started a new cycle and now is the question where to jump in to see an incredible ride? There are three options, that you can see on a chart. In my eyes it looks like we´ll correct to the long term trendline. That´s the 800-730 level. We have 2 more supports on the way, so we have to wait and see what BTC is about to do, but in my opinion, this won´t be quick and pleasant for HODLers.
Thanks for checking, as always I am totally open for discussion in comments, if you ike my idea, than please like and follow, there will be much more of incredible content! :-)
Reversal is ClearI did not pay attention on $BCH until today..
After a release from AntPool about burning tx fee to blackhole address, I looked into its chart. This is clearly a confirmed reversal, a long term reversal of $BCH. The reason is, there's Cup & Handle breakout at the bottom of downtrend. According to Investopedia, C&H at the bottom is a sign of reversal. I heard some people believe C&H only happens during bull trend. But, I believe it's also a reversal if happens in a bear-trend.
In addition to C&H, we can see clearly that bulls are managed to break long term down trend and then breakout S/R. we have three confluences here.
But.. I don't have any position yet and not going to chase the candle from here. RSI looks extremely over-bought. Here I'm looking for pullback at 894 - 1063 area. I think that is where it should retrace and hold the support. With more decent RR, I'll jump onto the train.
Target? As I said, it's a long term reversal. So, we don't have a specific target, we should expect a new bull run from here.
Let's see next few days
BITCOIN CASH: CONTINUING BULL RUN = 24.92% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 17th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 15.34% PROFIT!!! IN 24 HOURS.
The increase in price may also be explained by positive developments including:
1. CBNC Commentator and CEO 2.09% of BKCM, Brian Kelly an investment firm focused on digital currencies recommendation on investment in Bitcoin Cash 2.07% . He has noted increased volatility in the past month and increased volume as proof of its potential to grow.
Analysis using the Crypto Bull/Bear Signal suggests the move may be in line with an increase in buying activity as a result of this news.
This is an increase of almost 10% above our original buy signal article:
Altcoin's Market Overwiew by Matthew. Correction?
Hey there. In the last idea we considered the correction of altcoins although in fact it was a 4-wave impulse. But all the same short signal from me arrived and in idea of bitcoin we considered all of them. Received their 8-6% of the profit with me. Now perhaps looming the total the correction movement. Divergence has intensified especially in altonah. The relative strength is shown by Ethereum. On each chart, we will look at the criteria and goals for the short, as well as the area of purchase(kickbacks) for the long side of the trend
BCC VIDEO Bitcoincach seems to be the MOST promising coin before July !!!!!!!! with a growth of 260% IFFFFF we don't go further down.
My strategy would be : be sure we don't go down by waiting confirmation on Stochastic, and then bet on BCC for this first half of year.
Bitcoin Cash Is Goin', Goin', Goin' (for now)RSI + MACD + E.W COUNT + EMA55 + UPWARD CHANNEL MOVEMENT all indicate continuing growth of Bitcoin Cash. There is a clear crucial intersection happening at $1183.00 which we'll mark as TARGET #1.
If TARGET #1 is exceeded and our current channel (magenta) is broken, our next target should be $1295.00
TARGET #2 @ $1295 will either be met in the next 2 days if our current channel is broken as mentioned before, or within March 17th, when channel resistance + EW 5th peak + 7-DAY resistance is met.
It is in my opinion that TARGET #2 will be met in the next week regardless of the road it takes.
Look at trend in RSI and MACD - Couldn't be any clearer.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
BCH/USD - 3/5/2018Good morning, Traders! In the long-term, starting from where it was introduced into Bitfinex, BCH has been following a very fundamentally sound Elliott impulse wave pattern. The first 3 waves were characterized by the close of the previous highs and lows. I believe the end of wave 4 has recently occurred due to the notion that wave 2 was quite long, lasting a few months. Meaning that wave 4 should be shorter lived before the beginning of wave 5. This, and the fact that there is a strong upward trend line that was formed near the end of October are the strongest basis I have for the starting of wave 5. As the price began its decline in 2018, the price was seeing lower highs as well as higher lows but has not broken the upward trend line or some strong support levels like $1000 and $900. At this time, the price is essentially just using the EMA(100) as resistance and the upward trendline as support. So, ultimately, whichever one of these blockades are broken with enough volume will be the cause of the next run. I'm leaning towards the EMA(100) being broken just because of the sheer amount of support along with traders starting to become much more bullish in the month of March which would help immensely with volume.
Important Resistance Levels: $3802, 2836, 2194, 1667
Important Support Levels: $1131, 1000, 890
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Written by:
Arham Bheda
Senior Research Analyst
A joyous day for BCC! What does this mean for the market?BTC is looking bullish but BCC still holds a valid place in the market. Technical analysis on BCH looks good with the USD price recently bouncing off of the .786 on my chart for the 3rd time in a month and resting on support found with my pitchfork at the midpoint between there and .618. BCC seems to be forming an ascending triangle indicated by the turquoise line on my chart...As always though,with crypto you never know what tomorrow holds. How do you think Bitpay’s integration of BCC will affect the market?
#BCC BCC BITCOIN CASH CUT AND DRY SHORT UNLESS BREAK BULLFLAGI THINK THIS IS OBVIOUS BEAST TO WATCH.... TO FINISH BIGGEST TREND ON BOARD IT HITS E.... HOWEVER COULD PICK UP STEAM IF BITCOIN BREAKS..... WATCH CAREFULLY OVER NEXT COUPLE DAYS IF IT CLEARS FLAG BUY.... OR BUY IN BUY ARE E & C