BCHBTC
BCHBTC: Speculative short ideaBCH doesn't look too strong following it's pump. Im seeing a descending triangle inside of a head and shoulders pattern. However, we have not broken the neckline. Therefore, this is a speculative short position that I am taking. Target is the first resistance turned support.
BCH bullish wedge in playAllot of people asked me to update BCH including my own members, so here it goes :)
The big rally we had the past week when we broke the wedge happened with allot of volume. Confirming this move up completely. 100% textbook, just like some other alts have shown as well. If this was not crypto and if there was no Bitcoin, i would be 100% confident on this trade. But we all know, Bitcoin is still inside a very dangerous zone, even though there are some bullish signs, the bearish signs have the upper hand. So for BCH, if this green support holds, we could expect to see a rally the coming months. That would mean Bitcoin has to break upwards from that long term triangle it's still stuck in.
On the right we can see a triangle for BCH, which could still turn into a flag as well, but it's best it stays above that support. The drop of the last few days has only been a pullback of that wedge. So things are still looking text book here.
Previous analysis:
BCH - Support must HOLD! BCH has returned to the S/R flip breakout area to retest and has so bounced right above it on the 50%FIB level. We need to see a dip into this zone hold for any hope of move upside momentum but those odds might be getting slimmer by the hour.
RSI seems to have topped out, hitting resistance and turning over at the moment while MACD hit its top and is about to crossover bearish. This is also confirmed by the histo about to turn negative again, therefore waiting for this next test is crucial. This trade setup was not executed and has been canceled as we wait and see what the next few hours bring.
Thanks guys!
BCH seems to have formed a possible bottom formationBCH is also looking more bullish lately. It has been a very weak one the past 2 months but things might be turning around now. Big chance it's inside a bull flag now, so we could see a small drop first before going up again. The first green should hold as support to keep this flag valid. The second one is important to keep momentum 50/50 in the mid-term.
BCH - Time to cool off or do we have another leg up?BCH has been on fire since yesterday and we are currently right up against resistance trying to break above. We have found support around the 61.8%FIB level and are trying to break higher but Bitcoin is having trouble breaking out itself.
RSI seems to be topping off here and moving sideways while MACD is starting to push up into resistance but might have some juice left for another leg up. A safer play would be to wait for a retest of the breakout level around $530 and see it hold to play a long scalp position, however Bitcoin will dictate as always the price action of the entire market so any weakness in BTC should be taken seriously when trading altcoins.
Thanks guys!
BCHBTC (UPDATE) - Still 150% Profit ProtentialBCHBTC (UPDATE) - Still 150% Profit Protential
Buy siganls:
> Top volume
> Huge breakout
> RSI very fast at oversold area (happens only with a strong momentum)
> Counter trade: People are very bearish (Shorts are increasing rapidly)
Previous idea:
BCHUSD Breakout!Targets are 850 and 1200.
This is my personal opinion and this is not a financial advice!
Good trading!
Just, just take your time and keep looking at the screen if you I think the BCH price is so hot right now, so I cannot recommend to open long-term position because if you open the 1-day TF you will see the strong resistance line (100EMA) @0.093. However, I think this action on the card is a good sign to build small position for a long-term period.
The MACD: bull trap
The RSI is at overbought zone.
The EMA lines: you see a very popular phenomenon called "Golden Cross", when it happens the price revers its trend and in this case we are looking at the emergence of the new uptrend with big potential.
TF: 4H
ENTER: 0.076-0.078
PT:0.12 and higher
GL Traders.
BCHBTC short on 1h time frameBCHBTC went parabolic since yesterday due to the Bitmain IPO.
But it remains a fundamentals trainwreck.
Approaching fast long term resistance at 0.092 and oscillators showing the way to a juicy short.
But some elements are still missing confirmation, will follow-up.
Same pattern repeatsLooks that BCHBTC will follow the same pattern: pump, followed by double top and big dump.
You can sell 20% at the top, add another 20% when double top is formed and the rest of 60% of the position after support is broken.
Good luck.
Bitcoin Cash | Good Breakout. Continuation? [BCHBTC]Bitcoin Cash just had a breakout with really good volume.
If support above the first resistance and the MA can be established, I'd say that continuation is very likely. The move is supported by bullish divergence on the Daily RSI.
It's a very tricky situation right now, because Bitcoin seems to be bearish and Altcoins usually follow.
I'd say its possible that we see some sort of de-correlation in the near term.
Altcoins are springloaded, every time BTC makes a tiny little move to the upside, we see massive gains on different Alts.
In the past, BCH was sometimes seen as a hedge against BTC. We might get some of that sentiment back if BCH manages to push up even higher.
As always, never FOMO into trades. Wait for consolidation pattern before you enter a position.
My final take profit zone would be around 0.13 and 0.14, if BCH managed to get through the previous resistances.
Bitcoin Cash 270$-290$ still possibleEvery time Bitcoin Cash corrected it made a reversal of 38.20% who knew it they did short at 38.20% level and made profit by shorting.
Currently Bitcoin Cash is forming a descending triangle on the daily and the 4 Hour Chart. if you want to enter look for 400$ level if it become stable on that area.
Bitcoin Cash (BCCBTC): Quick Analysis (500% PP)Here is a quick look at Bitcoin Cash (BCCBTC).
* We have slowly increasing volume, over the long term and decreasing price.
* BCCBTC price touches strong support (yellow rectangle) and bounces with increasing volume.
* Really strong bullish divergence on the MACD.
* RSI bouncing out of oversold.
* Early signals of formation of a bottom.
* Bitcoin Cash is asking for a wave up. If the cryptocurrency market continues printing more green volume, you can expect Bitcoin Cash to move up big.
Bitcoin Cash, like XRP, ETH and other big altcoins, goes long and strong when it starts to move. So when you see Bitcoin Cash move up, know that it will do so for long.
I hope you enjoyed this analysis... My thanks to you always for reading.
Your support is highly appreciated.
Namaste.
BCHBTC - Bears are here to stayThat's daily chart and both short and long term favors bears. There is a wall of supply in our opinion: short term 0,09 and 0,11/012, then long term all the way up to 0,15/16. Line in the sand for bulls around 0,05 . First sellers line up towards top of that downtrend channel.
BITCOIN CASH: STRESS TEST PASSED + NOVOGRATZ BULL -PROFIT=20.79%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 17th of September 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 20.79% PROFIT!!!
The increase in price may also be explained by positive developments including:
The increase in price may also be explained by positive developments including:
Dec 2017: GDAX reallows access to Bitcoin Cash trading.
February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash .
January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash trading on its GDAX exchange last month.
January 27: The developers behind Bitcoin 0.25% 1.05% ABC , a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC 0.25% 1.05% and BCH addresses.
March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash transactions.
April 16: Bitcoin Cash 6.13% 6.48% announces Memo: An onchain social network built on Bitcoin Cash .
April 19: Bitcoin Cash announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash .
April 22: Bitpay Adds Bitcoin Cash Support to Checkout Point-of-Sale App
April 27: Bitcoin Cash's announces that next fork will add "larger block sizes" and "smart contracts".
May 4: Bitcoin Cash Opposers Scrap Lawsuit Against Bitcoin 0.25% 1.05% .com, Citing Lack Of Cash
May 19: Bitcoin initiates hard fork and adds 32MB blocks and smart contract functionality.
May 21: Cryptocurrency investor Brian Kelly said Monday bitcoin cash is the must-own digital currency of the moment.
May 24: Mobile banking app Revolut now lets users buy, sell cryptocurrency adds BitcoinCash.
May 30: Devere Group, an international financial consultancy boasting well over 80,000 clients in more than 100 countries, has announced that Bitcoin Cash (BCH) have now been added its recently released cryptocurrency exchange app Devere Crypto.
June 1: Unocoin (Indian Exchange) lists Bitcoin Cash .
June 2: A Bitcoin Cash related charity called "Eat BCH" is setup that is focused on feeding South Sudanese Families with Food Paid for With Bitcoin Cash 6.13% 4.78% Donations.
June 2: Bitcoin Cash Fund starts new website to push Bitcoin Cash . The website, bitcoincashers. org -0.22% 0.59% , is a portal that will educate the masses on what cryptocurrencies are, how it works and how to buy, sell, and trade with these digital assets
June 3: Bitcoin Cash 6.13% wallet HandCash releases Mainnet BETA for Android.This Bitcoin Cash wallet has advantages including the enablement of NFC payments.
June 3: JP Morgan internal Cryptocurrency prediction report notes that Bitcoin Cash is here to stay.
September 1: CoinEx Exchange announces they will create a BSV token and award them to users on a 1:1 basis with their bitcoin cash 6.13% (BCH) holdings, based on a snapshot at the time of the fork — should such a fork happen.
September 2: The cryptocurrency payment processor Bitpay just recently the firm added bitcoin cash 6.13% support for merchant invoices and the company’s debit card loads.
September 2: Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees. The “stress test” is a community driven test of the BCH mainnet and its services, according to the BCH stress test website. The test aims to process “millions of minimum fee transactions” within 24 hours in order to prove the Bitcoin Cash blockchain’s capacity and scalability, as well as to provide data for developers and business running their services and decentralized applications (DApps) on the BCH network.
September 18: South Korea-based food dispatch platform called Shuttle Delivery now accepts BCH for door-to-door meal deliveries throughout the Seoul region.
September 20: Former Goldman Sachs executive and Fund Manager at Fortress Investment Group Michael Novogratz said the Bitcoin market achieved a “bottom” and ready for an upswing.
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
BCH - $500 too strong....for nowBCH broke the trendline with decent volume yesterday, moving with the rest of the market but has yet again found it hard to break that $500 psychological barrier on its second attempt. I think it will take a leg higher in BTC for it to muster the strength pierce that supply area before moving quickly to $530 as RSI seems to be turning over right now, which mirrors our outlook on a pullback right now.
BTC is the driver, even though some are saying XRP is driving the market at the moment. Don't get confused, Bitcoin will dictate where we go next and everything is looking very hot right now so be smart and patient! You're better off waiting for a pullback where the S/R flip occurred near the demand zone than doing anything here.
Thanks guys!
