TA on Bitcoin Cash against USD (BCC, BCH)Bitcoin Cash Price Jumps 10% on Binance Support. Similarly as to all hard forks, its like a divident issuance. Therefore, price usually will fall right after the hard fork has occurred. This might present a good opportunity to short Bitcoin Cash on Bitmex right after the Binance snapshot has been taken.
"Binance would like to confirm support for the upcoming Bitcoin Cash hard fork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC)" - Binance
BCHBTC
#BitcoinCash | $BCH looks like it's going to hit $520 tonight!#BitcoinCash | $BCH looks like it's going to hit $520 tonight!
BCH - MAKE $$$ SHORTING BITCOIN CASH PRIOR TO HARD FORK ON NOV15Analyzing the $BCH chart we can see a high probability of a down trend and hopeful retracement down the fibonacci level and moving averages.
My personal trade is as follows:
--open short position on 5x leverage at the .0750 level
--take profts at P1, P2
--close trade at the golden ratio .619 which also coincides with the 50 day moving average.
Gredy trade:
-- wait for a spike back to the .0766 level
--take profts at P1, P2, P3
-- close your trades at the P4, P5 ranges which is also the 100 and 200 day moving averages.
Could even monitor how the fork date goes and if a heavy drop coincides that may even be able to reach the .382 fib level.
Bitcoin Cash (BCH) Another possible rally, short into news.Bitcoin Cash had a nice rally after news of a possible hard fork on November 15th.
Despite the good news, keep in mind after BCH has its rally, it will likely drop to normal price. Looking at Zcash, which also had a hard fork in June, it had a rally during news and declined since. I am expecting the same for BCH.
For now, you may choose to long Bitcoin Cash with a stop of 0.0725 on BitMex, and have a short order near 0.0790, if you believe Bitcoin will continue to rally.
Personally, I believe a short with a stop loss above the high will be a safer trade.
Thanks for viewing!
$BCH Experiencing a Hard BearishBitcoin Cash is a partner with Bitmex in implicit or explicit way. As you know this coin is fork of Bitcoin which claiming that it is more faster than Bitcoin. The controversy is that Roger Ver and the whole Bitcoin Cash team is scamming the Cryptocurrency with this coin, with all of the shady actions that they've made. This rumour spread among crypto twitter OGs. Rumour is rumour, profit is profit.
Despite that circumtances, in technical part, we've experincing one the most hard bearish on Bitcoin Cash / Bitcoin chart for 140 days after spike on small bull run of April.
We're not find the bottom yet, We don't really where it is, but as the RSI level is below 50 and MACD is very bearish right now, it might turned as reversal. But too early to spot so, as we are looking forward for more sentiment in the next few months.
If you wanted to go long on BCH, please don't use leverage yet. Just use Binance or another non-leverage exchange. or just use leverage. Trade safe, since Bitcoin Cash fundamental is really weak because of a lot of haters and shady acts, plus the chart is not looking really good right now.
for short-term i'm more bearish.
$BCC $BCH Breakout? #BCASH Breakout or A Fakeout?It's a long time cycle on this Bitcoin Fork. But one thing for sure until today, it's always bounce from the very bottom of it. Once the lowest low touch, it gaining massive upwards which consistently we can learn from the chart that is now quite good time to enter a long position. For non-leverage you can accumulate on my green box. For leverage trader please don't go more than 10x. You need steady gains, not "rich quick, poor quicker" tool.
So this is my setup right now. Trade safe.
BCH Bitcoin Cash: Long UpdateFollowing up on my last BCH Chart:
-In case you missed it (also check my profile / notes below):
October 30th:
"BUT HEY IF YOU'RE BY THE CHARTS...
LONG IT...
TARGET - .09050
TIGHT STOP THOUGH .06485"
*I AM IN NO POSITION
- BCH REACHES FIRST ROUND OF RESISTANCE ON H4
- I WOULD TAKE 25% - 50% OUT! // WATCH HOW PRICE REACTS TO FIRST LINE OF RESISTANCE...
- H4 RSI is signaling OVERBOUGHT tho...
- IF IT SMASHES THRU THAT RESISTANCE OTHER KEY AREAS TO WATCH ARE LABELED ON THE GRAPH!
- I would NOT jump into a position either, wait for a confirmed R/S flip - if there is one...
Always take when the market makes it available...
Bitcoin Cash, BCH made a Bear Trap Move?As many other alts, BCH was looking very bad and bearish a week ago, but i was very hesitant on giving short trades. Because it's not the first time that most of the TA signals say DOWN but the market does the opposite. We have al all learned it the hard way, that this market has become a Trapping market. The main reason for this is the low volume, so unless that changes we always need to be aware of this. The traps go both ways, not only bear traps, also bull traps.
The bigger picture though, shows the big bullish wedge on BCH is still valid. Even though the breakout was good a month ago, the follow through was very weak. But the price has still never dropped below that green support level, keeping the bullish wedge alive. The yellow circle shows a small bear trap and the last few hours we see a good strong move up (counter move).
For the long term picture, those 2 red resistance zones need to break. If the bulls are able to break the last one, it would be a very big bullish sign.
Previous analysis:
BCHBTCBCH/BTC
There is a chance to form a double bottom on the daily timeframe
MACD can consider long domination of sellers
BITCOIN CASH // BCASH TRASH - BEWARE OF POSSIBLE NOVEMBER FORKThis graph looks GREAT... but would not LONG with bitcoin cash drama && incoming fork this November.
Red line is ZERO... LETS SHORT IT DOWN!
I am NOT LONGING THIS...
IF SUPPORT BREAKS, RIP ROGER VER & JIHAN SHOW
BITCOIN CASH Making Triangle Buy at 420 USDBCH Making Triangle Buying Opportunity
Buy- 420
Sell 508 , 576, 650
Stop Limit 390
Stay Tuned..........!!
Learn Here , Earn EveryWhere
Bitcoin Cash at a crossroads! Bitcoin Cash has continued its steady climb after spiking last week to highs of $530. EMAs, however, continue to trend lower while providing resistance along the way. Depending on the outcome of the next volatility spike, both bulls and bears will have their predictions.
Bulls will argue that we have respected the trendline support and as we currently sit in the demand zone, a move higher is likely. On the other hand, bears will say that we are forming a bear flag as volume has died off completely on this bounce and our target would almost perfectly be the demand zone below near the 50FIB around $366.
Hopefully we get some movement in the coming hours.
Thanks guys!
BCH Bitcoin Cash, Long Term Low Set?BCH is showing a similar picture as ADA, with a big volume breakout of what seems to be a long term bullish wedge. Same story as ADA, still allot of risk in this indecisive market.
That pattern inside the blue lines, looks like a triangle but it could also be the form of an H&S. So the price should stay above the blue line. The orange level should be the maximum for a drop, below that level we have to assume the H&S gets triggered.
There is one thing that i don't like about BCH, is that drop we had a week ago from 520 to 440, that makes this bullish view a bit shaky.
To be clear, H&S patterns are normally reversal patterns, so this H&S is very unreliable, but it's there.
Please don't forget to like if you appreciate this :)
Previous analysis:
BCH Bearish Continuation. SHORT! Bitcoin cash is holding a tight downward channel that is clearly defined and respected when viewed on logarithmic scale. 50 MA playing an important role here. Short the continuing pattern . Target ~$300 +/-$20
BCHBTC broke out of the channel during the late September pump but this rally could not be sustained.
BCHBTC suggests a short entry when we fall below the yellow line. BCHUSD suggests a short position and a double down below the yellow line . Exit positions when we hit the bottom of the channel. Yellow box is target zone.
Note: This is Bitfinex price data.