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Bchabc

Bitcoin Cash setting up for a potential moveThis is still potentially a bit early as price is resting under the .051 area which seems to be an important resistance and support area , but BCH has held up pretty well. It is still fighting with the .051 area. It has had a few spikes through, but fallen back below each time. Although it is currently under this area, I think there is the potential this can go either way. Each time it has fallen after spiking through, it has made a higher low. This could be a sign support is getting stronger, and a move up could be coming. The more times price tests .051 resistance the more likely it is to break it, so I would continue to watch .051, as if price can regain and hold this level there is the potential early signal of a change out of the current downtrend and a larger move to the upside. Neutral for now, but if it can pop above that level again and hold and find support on top that would be bullish . However if .051 continues to act as resistance it is bearish . If it does begin to fall back I would watch to see if it can hold above the most recent spike lows it made around .047 area. Breaking below them would not be a good sign. For resistance continue to watch .051 and above that .053-.054.
BLong
by CoinsightGhost
BCHABC - Daily MACD has me watching Bitcoin Cash very closelyI couldn't help but get a little giddy after looking at BCH's daily MACD this morning. So I gave the chart a closer look and here is what I found. (**I'm using the BCHXBT chart from Kraken for a more complete price history.) DOWNSIDE ARGUMENT BCH has this repeating fractal after a large pump which it has completed five times before. The current price action is following this pattern exactly. If history were to repeat itself, we should see a reversal at resistance around the .055 area and the daily MACD would likely retest support along the solid green trend, which would send the price crashing. There is overhead resistance on the chart and the zero-line is overhead resistance on the MACD. These make me pause. UPSIDE ARGUMENT The daily MACD looks to be beautifully positioned for a big move. If it can break that zero-line, I think the price will really jump. You can see support along dotted green trend on the MACD. Another thing I noticed is the last fractal never really completed or it never dipped below the second lower low. Could this be an indication of a turning point? I do not know. I like the progression I see with BCH, but there are still some variables that need to come to fruition before I get on board. The potential is definitely there. We should have confirmation soon so stay tuned.
Long
by jpbrown1023
1
BCHABC/BTC Analytic #BCHABC $BCHABC #BCHABCBTC (1 May)RED ARROW indicates the EXPECTED Time and Targets Level Stoploss point up to maximize profit and reduce risk I'm working all the time, even in Bearish Market ====================== My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
BLong
by CryptoStation
Bitcoin Cash (BCHM19) Fractal For 120% ROE on 10X LevWe are looking at Bitcoin Cash (BCHM19) and can notice a similar pattern compared to its last bullish wave. Easy to notice on the chart, we have two broadening falling wedges (purple dashed arrows) wherein both cases a low was hit followed by higher lows before a breakout. There is no more volume for the bears and the RSI and MACD also support a move to the upside. The MACD presents a bullish crossover, which also happened before the breakout on the last retrace. The RSI hit a low point and quickly bounced, which also happened before the breakout on the last retrace. Now, there can be another drop but if you look at the set up above, it is likely that a break to the upside can happen. Bitcoin Cash also tends to trade inverse to Bitcoin on many occasions, and this can turn out to be one of those. This is not a piece of trade advice. If you use this chart to trade remember to use a stop loss and also know that this is very risky. Want to see a full trade for Bitcoin Cash (BCHM19) with buy-in, targets, stop-loss, and additional information? Make sure to hit like. If enough people hit like, I will share this full trade as I will know there is enough interest. Thanks a lot for reading. I hope you enjoyed the chart above. Namaste.
B
by AlanSantana
BCHBTC LONG TERM ANALYSYSBCH trapped in a triangle since its inception, RSI shows its trying to get out of the triangle in a month or two. We have to keep in mind that BCH doesn't have any value, its price movement almost entirely depend on BTC. When it broke out of triangle in December 2018 a narrow channel started(showed in dark lines), a possible move can lead to test the wall of triangle around 543. it will definitely fail and drop to the bottom support Week support : 405 Strong support : 334 These week and strong support levels will decide shape of the narrow channel. it will bounce from these support levels. Refer my another short term analysis idea here Join telegram channel : t.me
Short
by athishhy
BCHABC-BTC Long Trade PlanCommodity : BITCOIN CASH ABC Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point. Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-2 weeks Investment in trade : 3% of the total Trading Balance. Prospective Profit : 8% to 27% Prospective Loss : 7% RRR : Between 1.18 and 3.92 depending on TPs Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
BLong
by CryptoTherapist