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BCCUSDT

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! :-)
BShort
by Blockspacecz
2
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
by chipset
BCHUSD: one last bearish push?Looking again at BCH and redrawing the downtrend to include the "fakeouts", you can see that actually it looks like BCH has not broken out yet. Instead we are stuck under the downtrend. Now this can change. We might indeed push upwards from here and I already have a chart for that. This chart assumes the dump continues and compares the BCH cycle with BTCUSD from 2011/12. They are both day charts and you can see that the features line up well, in some case perfectly. If we are following this cycle we may have one more drop to go. Target in this cases is 520 USD. Loss of support at 20 MA means dump highly likely. Remember the gods of the market like to screw with both bears and bulls equally! In addition, Stoch RSI is maxed out.
KRAKEN:BCHUSD
by RealMcafee
1
BCHUSD possible long op (time for my bear rehab?)Ahh well, sometimes you just need to admit things didn't go like you thought and hope you didn't act too arrogant when things were going your way, that applies double if you did get it right (note to that Goldbug guy ;) ) Bears and bull? Maybe some people really are divisible into these two groups, it takes all sorts after all. Anyway.... I don't think that's me, but I'm not ready to take off the bear mask and throw it aside just yet. Anyway... let's talk about beautiful BCH! Let's look at the fractal patterns that I pointed this out in a former chart, the only thing that is different is that the last pink box has been extended downward to accommodate the loss of trading channel. Hmm.. "loss of trading channel" doesn't really sound bullish, but the god's of the market seem determined to end this correction and I have to say the fractal patterns match very well. I've drawn a large blue box, but I'm not seriously thinking this will get that far. Possible targets are based on previous levels: 1080 1310 1650 (this is hidden bonus level) 1310 is just above the 200 daily MA (red) and this will be a real tester, assuming we get that far. We also have a bear cross between the 100 and 200 MAs (not too serious) on the 17 April, which is maybe when we get there. This may lead to rebound down. Looking at the previous breakout, it's possible we may wick into Ichimoku cloud and rebound there. This would also take place right under the 200 MA, so 1310 is definitely a level to watch out for in my opinion If we fall below the 20 MA (blue) then it's likely this was a fakeout.
B
by RealMcafee
33
Bitcoin Cash Buy OpportunityThe price is at the uptrend line and it's going to bounce. RSI confirms price reversal in the oversold zone. MACD and DMI give bearish signals, but if the price moves upward within 1-2 days, these indicators also will provide support for a new upward movement. For confirmation the uptrend, the price will have to break 1500.00 level and move above the previous swing high. The current levels can be interesting for buying in long term with profit targets at 2000.00 and 3000.00 levels.
BLong
by DLavrov
7