Bitcoin Cash Knocking Dangerously at the Weekly DoorHello dear crypto friends, hope you're doing well guys! ;)
BCH is currently in a wedgy/upward-moving channel, knocking dangerously at the weekly S&R door at the 450 region:
A break here could lead to 600 Dollars inside the previous EQ, giving more than 30% profit.
We had an upward moving bull flag already once, which saw a bull break with 100% profit (we basically doubled):
=> This is a rare, yet very strong form of bull flag, where the consolidation is moving upward instead of downward.
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BCHBTC
Bitcoin Cash May Double (+100%)Bitcoin Cash May 2019 = Bitcoin Cash April 2019. Bitcoin Cash April 2019 surged 100%+.
Weekly RSI = 60
23.6% Fibonacci Retracement = $1,068
Elliott Wave Theory + Fibonacci Retracement + RSI agree $BCHUSD is heading for $1,000.
Bitcoin Cash ABC (BCHABCBTC / BCHBTC) Looking Quite Bullish (50%We are looking at Bitcoin Cash ABC (BCHABC or BCH, depending on which exchange you are using) long term, weekly time frame, and the charts are starting to look quite bullish... Let's take a look:
Bitcoin Cash ABC touched bottom on early December 2018 just like Bitcoin, so Bitcoin Cash knows how to follow its dad. Anyways, after this low an uptrend formed, we know this by noticing higher highs and higher lows.
The growth stopped when BCHABC hit EMA50 (magenta line), which led to a retrace up to 0.618 Fib retracement from the last wave.
Now, this is where I see the bullish setup... There is no volume on the retrace. We have a dragonfly doji and still trading above EMA10. So not much down left to do, now we go up as our next move.
Bullish RSI.
MACD is bearish but trending towards the bulls.
With the altcoins market heating up and the phase we are on, it is only a matter of time before Bitcoin Cash ABC takes off.
Conditions for change: The first warning would come as a close below EMA10. The uptrend line (red dotted) still remains as support, but if BCHABC closes below 0.037000, then our bullish view is damaged and a new analysis is needed before the next call.
What's your take on Bitcoin Cash ABC?
Share your thoughts in the comments section below.
This is Alan Masters, thanks a lot for your continued support.
Namaste.
Bitcoin Cash ready for 530 $We have same configuration like BTC.
For now we do not do anything except wait ! We should back to 390 $ . Good price for buy with strong SL. if we break blue line and go to red a lot of chance go to 320 $ perfect condition for buy and have our first target 440 $ then 530 $
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$BCHABC Trying to flip resistance into support at 0.0508 sats...$BCHABC Trying to flip resistance into support at 0.0508 sats....
UCTS Buy signal on the 12h chart
MACD Bullish Div
Volume slowly rising
There is room for a potential movement till next resistance at 0.06 sats (15%..)
This could be driven by $BCHSV movements too!
#BCHABC
Bitcoin Cash getting ready for a breakout?Bitcoin cash continues to hold very stable compared to most of the market and is still fighting with this key level and .052 resistance, but each time if has been rejected it is making higher lows, leading me to believe this could break upwards as this level breaches, as the more times it is tested the weaker resistance becomes. I would look for next resistance level around .064 sat. Would be very bullish if BCH can break through .052, then fall back and retest it as support before moving higher to the .064 level, so I think bch is one to watch very closely right now. Support wise a break below the .048 level would be significant and a signal of a potential move lower, so watch these areas closely.
BCH to cash?While everyone is thinking of BTC and ETH this one is quitely making moves. Available on all exchanges including coinbase. I think BCH is making some moves here, if you remember the last runs we had this was in the thousands so atm it is at a good discount. I think for now we are going to hit the pivot point #3. I want to be holding BTC while it is moving up, I think this will out preform BTC so holding mine in this for now. There is bearish divergence on oscillators so it is not a given it will move the way we want. But there has been good buying action, but a pullback enter a stoploss and things will hopefully work out.
vs Money
BCH looking nice here! BCH forming a nice hammer after dipping into demand on the 4H
Still too early to tell whether this is the start of the next move up but we have started well here and if BTC continues to pullback in a steady fashion, most alts should see nice rallies
BCH the truthBCH Green box buy red box sell Goodluck everyone
BTC Donation adress : 1GkpVUEDKuGqVgBm8s9pmpZS6TbHkrScTi
$BCHABC $BCH Support at 0.05BTC not hodling after a few retests.$BCHABC $BCH Support at 0.05BTC not hodling after a few retests...
Next support at 0.045 Sats (let see if it can hodl again... )
UCTS Sell signal active since April 21 on the daily (15%+ already)
RSI & MACD Falling..
Potential ABCD bearish pattern un play..
$BCH
ADAM AND EVE SPOTTED?BCH(Bitcoin Cash) is currently $340 from $300 and is very...very bullish atm i was studying the charts and i spotted something that may be a bullish Adam And Eve
what is an Adam and Eve? it is a double bottom.. usually after a adam and eve is spotted an uptrend begins.. there are invert/bearish adam and eves but this is bullish
what do you think?
BCH is looking very bullish. id buy in it
but dont take my ADVICE SERIOUSLY research it!
RESISTANCES: $350 $380 $400 $450
SUPPORT: $320 $300 $280 $250 $220
Have a great day!
BCHBTC Flower of life 4 HOUR 5/10BCH Bitcoin Ca$h, has a lot of growing from a small bud to a flourishing blossoming flower BCH will breath life into Bitcoin!
Cash Money!!!!
LONG Trade setup long on $BCH / $BTC$BCH tends to rally soon after $BTC or at the same time. Bitcoin just broke out on the four hour, so going long on $BCH has a high probability of success.
2019: THE YEAR OF BITCOIN CASH2018: THE YEAR OF ETHEREUM linked below.
Bitcoin Cash to gain 15%-20% total market dominance in 2019.
Comparing Ripple 2013-2015 to BCH 2017-2019:
2013: Ripple created
2014: Ripple 2% dominance: ibb.co
2015: Ripple EXPLODES to 15%-20% dominance: ibb.co
2017: Bitcoin Cash created
2018: Bitcoin Cash 2% dominance: ibb.co
2019: Bitcoin Cash EXPLODES to 15%-20% dominance: TBA
____________________
Bitcoin = digital Gold
Bitcoin Cash = everyday transactions
Bitcoin supply = 21mm
Bitcoin Cash supply = 21mm
Bitcoin consensus = SHA-256
Bitcoin Cash consensus = SHA-256
Bitcoin on 71% sale from ATH
Bitcoin Cash on 93% sale from ATH
____________________
Benefits of Bitcoin Cash: no fee (very small) and can scale.
Bitcoin Cash end goal: 50 transactions a day for 10 billion humans.
December 2018 Earth population: 7.5B approx.
____________________
If the crypto market cap remains at $173B for the rest of 2019, BCH will see a $26B - $35B market cap and hold 15% -20% total crypto market domination.
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.
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.
BCH/BTC - retrace before continuation upwardsMy expectation for price action is indicated by the thin green and red arrows.
Blue triangle indicates the current range.
The large dotted green arrow indicates the overall trend.
Green box is buy.
Red box is sell.
Blue line indicates major support/resistance identified by the fib channels.
Green & Red lines indicate t/p.
Black dotted lines are fib retracements.
Thick white lines are fib channels.
The green arrow indicates the overall trend.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
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