BCH/BTC Seems Poised To DropTimeframe: 1h
Main Scenario: The price it has increased and now it has retested the inside sliding line (SL) of the major descending pitchfork. It should drop further if the rate will stay below this very important dynamic resistance (support has turned into a resistance). However, we still need a confirmation that the rate will drop again, so, you should stay away and wait for a fresh trading signal. Technically, it is expected to drop after the failure to get back above the ML.
Alternative Scenario: A valid breakout above the SL could invalidate a further drop and could announce a potential upside movement.
Entry/Stop Loss/ Take Profit: You can sell it if the rate will make a valid breakdown from the minor ascending pitchfork's body and below the outside sliding line, from 0.09865 level and you can place the Stop Loss above the SL, somewhere at 0.10189 level. The Take Profit could be placed at 0.09208 level.
Duration: 2-3 days
Consolidation/Ratification level: You can drag the Stop Loss progressively if the rate will plunge aggressively.
Warning Level: You should keep an eye at the sliding line (SL) because only a valid breakout could signal a potential upside movement. The rate should drop significantly if the rate will make another false breakout or if it will close much below it.
Risk Management: Risk/Reward Ratio: 2.03.
BCHBTC
BCH BEAR FLAG ON DAILY, REVERSAL NECKLINE AT 920Hey friends,
BCH in the bigger Daily picture is right now in a bear flag. For a bull break, the reversal neckline is at $920. On the weekly a bull break could lead to a huge tightening pattern between 1.800 and 600 Dollars.
On the 4H we're forming an equilibrium: we have a double top at 880, to the downside we have higher Lows at 780. We're right now barely upholding 4H 26 EMA as support at 830.
=> A break here will be coming
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Bitcoin Cash (BCH/BTC) Could Extend The Sell-OffTimeframe: 240M
Main Scenario: The crypto pair could resume the downside movement only if it will slip and close below the 0.09985 former low. BCH/BTC has increased significantly in the last hours and it is pressuring a dynamic resistance and maybe it will retest other upside obstacles before will drop again. Right now will be better to stay away and wait for a confirmation that the rate will drop again on the short term.
Alternative Scenario: Price could stabilize above the median line (ML) and could fail to make a valid breakdown below the inside sliding line (SL), this situation could send the rate higher in the upcoming period.
Entry/Stop Loss/ Take Profit: We can go short on this crypto pair if the rate it will make a valid breakdown below the SL and if it will close below the 0.09985 former low. The Stop Loss can be placed somewhere at the 1.10925 level and the Take Profit right above the downside 50% Fibonacci line of the major descending pitchfork, somewhere at 0.07954 level.
Duration: One Week (5-7 days)
Consolidation/Ratification level: If the rate will drop again from here, then you can drag the Stop Loss right above the today's high.
Warning Level: A further drop will be invalidated if the rate will make another false breakdown below the SL or if it will fail to reach it.
Risk Management: Risk/Reward Ratio: 2.01. You can register a nice profit if the rate will validate our setup.
BCHBTC Long idea (Shitcoincash)All alts have been absolutely taken down, Rekt hard, most are down 50% , but after the insane pump of BTCUSD 0.05% from 6350$ to To 7500$ , betting on them making 20-30% moves in the coming days, although we might see them dump a bit more if BTCUSD 0.05% continues to make moves , but once it starts ranging , should give alts room for growth, BCHBTC 0.38% has also been absolutely Rekt , looks very close to the bottom from here , broke out of the falling wedge and now going for a retest , bullish on it , targets are on the chart , there are 2 possible scenarios here , first it bounces after the retest of the falling wedge , while second it does not bounce and falls right through it , I take it as a 30/70 ratio , with the second scenario most likely to happen , as i expect more moves from BTCUSD 0.05% , alts should dump a bit before they start to make move up, if first scenario is happening , entry is around this price, entry for second scenario is on the chart , although on the daily chart , indicators look very bearish , Stoch RSI crossed bearish and falling from overbought conditions , Stoch crossed bearish , RSI Neutral , only the MACD is bullish , this also makes the second scenario very likely , please do not forget to like and comment if u like what am doing here ;) , I made a chart about BCHBTC 0.38% few days ago , will also share it along with this , that was before it broke out of the falling wedge , although i did not indicate the targets and it was on a 4hr time frame. Will leave the link below this :)
BCHBTC Update 7/18 1H/12HShould be close to a bottom for BCHBTC Hopefully it trends up when bitcoin does.
BITCOIN CASH (#BCH): Trend Reversal - Head and Shoulders patternBCH bounced off the bottom line of Triangle pattern and is rising now. Now, I can see new pattern - bullish Head and Shoulders with the prospect of going up. Meanwhile BCH is heading EMA21 trend resistance. In case of breaching this resistnace, BCH will go to price level between 0.120 - 0.125BTC.
RSI and Stoch looks pretty good too.
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BCH - From hell to the heavenHello, have you heard of Adam and Eve eating the forbidden fruit and being chased down to earth as a human?
BCH is one of the forbidden fruits that help this pair go down to the earth
According to our observation, at present, BCH will increase in the next few days, we also recommend a small buy order as follows
- EP: 11048
- TP: 12617
- TG: 13792
However, with this relatively weak wave, we see the downward trend remains a major trend, so after adjusting the BCH will put the pair Adam and Eve back to where love begins with the price below 9000, they I will update the height of the ground where Adam's and Eve's living space will be located on the surface of the sea in how many miles later when the BCH docked down to reach hell.
In another view, BCH is the same boat Noah will save humanity from the disaster of floods when from under the underworld, BCH will have an unprecedented increase. As soon as the lutjins appear we will help you find the Noah shipbuilding with a more accurate target.
We wait for the progress of the Board
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BCH trying for Inverse Head & ShouldersHey guys, BCH, similar to EOS, is trying for an Inverse Head & Shoulders on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at 705-710 conservatively. We're exactly between 4H EMAs 12 & 26. => A bullish break could signal some uptrend potential.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin, otherwise it'll be a fake out!
In the direct correlation of BCH/BTC, we're at a very important support level at 0,108.
If we cannot break to the upside, we're looking at the Daily close line at 685: RSI has cooled enough for another leg down. So, if you wanna play bullish, never forget: We're still in highly bearish terrain, any possible plays have to be highly secured & conservative in order to protect your money.
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BCH/BTC downside needs confirmationYou can sell a valid breakdown below the sliding line (SL) and you can place a target around the former low.
It's almost time to long BCHBitcoin cash has been forming a falling wedge
RSI making higher lows even when the price is making lower highs, that's bullish divergence
We can also see the divergence on CMF
I will wait for the breakout of previous high before taking a position