Bitcoin Cash - Could see fireworks soon This came across my radar, which I though was worth mentioning. Looking at daily chart for Bitcoin Cash, you can see it has a nearly completed symmetrical triangle pattern. RSI is oversold and MACD has a near bullish cross. We could have a big breakout to the upside over the next week or so.
BCHBTC
Is BCH propping up BTC?I can't help but notice, that while BTC is steady, BCH is falling fairly quickly to 0.01, this drop has been horrible since May 7th. Reversal soon?
BCH consolidation ongoing, all goodHey guys, BCH is right now in consolidation mode similar to brother BTC. We're right now under the 12 & 26 EMA on the Hourly, and barely holding 12 EMA on the 4H, which is weaker relative to Bitcoin. The reason is clear: BCH, similar to EOS, tried yet another bull flag break, when big brother BTC was just consolidating. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;) So should we fall dawn more, the 26 EMA would come in at around 750 right now.
Just like with big brother, we need a Daily Higher Low & Higher High, in order to change the trend. Right now we're rejecting from EMA 12 on the Daily with a long wick of profit taking. Should we not get our HL & HH, it will turn out as yet another bear flag on the Daily.
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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 throwbackPrice increased and jumped above the SL of the descending pitchfork and above the 150% line. A valid breakout will signal an increase towards the 61.8% and towards the 50% line of the black ascending pitchfork. The perspective will remain bullish as long as the rate stays above the lower median line (lml).
BCH break of 4H lower highsHey guys, BCH just rocketed up, surpassing 4H & Daily lower highs, and is leading the bull move with brother BTC. I was talking in today's video of the Crypto Chart Analysis to take profit & not go short in this environment, please watch it if you haven't seen (link in my status). It was a quite substantial move, with both BCH & BTC breaking out of a bear flag. => It could be related to the futures contracts closing.
Whatever the reason: BTC has to still get above the 4H/Daily higher lows at 6341, so keep an eye on that. No matter what you do, set your stop loss. Good trading! ;)
If you find my analysis helpful, please like & subscribe, and watch my daily videos ! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BCHBTC ShortWhy wouldn't you be short here?
Weekly view is the single most eye opening thing I've looked at this weekend for many assets...
I am shocked and appalled with myself for not seeing this so much sooner.
If you're late to this party, I wouldn't worry, I am confident in the 100% retracement.
See you there.
This is not financial advice.
Technical Analysis on Bitcoin Cash (BCHBTC)A short term correction is possible till the major uptrend support
1)The major long term uptrend support is intact.
2)The immediate support is 0.12331 btc level which will be the same as the major uptrend support line. A chance of bounce back from here is highly likely.
3)The immediate resistance will be the the channel resistance.
shorting 'bitcoin cash'view the image & levels within the chart & decide if this is a wise position for you to take on bchbtc
write @humhawbtc on twitter your jokes or say wtf to mine
The way I see it, there are 3 targets for BCH in coming monthsthis is no financial trade fiduciary i am not not advice. this chart shows supports and upside. the bottom is a huge support
Continue on a second chance to buy in BitcoincashMidterm forecast:
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
Technical analysis:
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 40.
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trading suggestion:
*We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
*If the Midterm level 0.1210 is broken, we will close these trades.
*Price may also reach 0.1210, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This is depends on personal strategies.
Total Profit: 40480 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 11154 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.12897(current price) - 0.09179(open price) = 3718 pip
3 trade(s) still open, therefore total profit for open trade(s) is 3718 x 3 = 11154 pip
Continue on a second chance to buy in BitcoincashMidterm forecast:
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
Technical analysis:
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 40.
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trading suggestion:
*We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
*If the Midterm level 0.1210 is broken, we will close these trades.
*Price may also reach 0.1210, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This is depends on personal strategies.
Total Profit: 40480 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 11154 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.12897(current price) - 0.09179(open price) = 3718 pip
3 trade(s) still open, therefore total profit for open trade(s) is 3718 x 3 = 11154 pip
BCH breaks neckline, more gains than BTCWatch my daily technical analysis on Bitcoin & other crypto alts like BCH ETH EOS IOTA LTC
BCH wonderfully breaks the neckline bullish at 880 after fakeout to the downside, with 3% potential gains. EMA 12 on 4H is now support, while 26 is resistance. We hadn't touched the 12 EMA since the big flush from 1100 down. 835 is now support on the 4H, while we have 2 resistance areas coming up with 900 & 950, and might have to consolidate before breaking those.
As BTC & BCH are almost correlated like Gold & Silver, meaning BCH is always more volatile, the gains to the upside are always more with BCH, but obviously, also to the downside.
So, watch out for grandpa, as it is still fighting with 4H EMA right now and might consolidate here a little bit before continuation.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Can BCH reverse from here?RSI is near oversold region.
Trendline support is seen in the chart.
Will this trendline support or will it break?
NOTE - 1.This is not an investment advice, its just for knowledge purpose.
2. Any suggestions or idea will be appreciated as I am learning TA.
BCH/BTC down channelBCH/BTC has managed to increase a little and to stay above UML of the descending pitchfork and above the lower median line (LML) of the ascending pitchfork. Price failed to reach and retest the upside line of the down channel so a breakdown below the LML and below the outside sliding line (sl) of the ascending pitchfork is still favored. Only a valid breakout from the down channel and above the sliding parallel line (SL) of the descending pitchfork will confirm a larger rebound.
BCH - ending DiagonalWe're getting close to the end of this correction in my opinion. Sentiment for crypto is very bearish at the moment, so I'm expecting a spike up soon with BTC testing 7200 and BCH testing 1030.
We have Bullish divergence on the RSI and we are very oversold on 6 and 12 hr Stoch. I personally won't be selling if we go a bit lower. We may very well double bottom with the ending diagonal.
Where from here? Not certain yet, but I think we'll have at least a 10% gain in the short term. Good Luck!
BCHIf BCH manage to break it up, it should give us a nice leg up. Good set up to open long here at the break out of the apex or you can take the risk and open before for more gain!! If you want to gamble, you can go there bitmex.com/register/YsZ2K9
Trade safe!!
BCHUSD - Are we looking at fractals?Looks like a mini fractal is playing out.
If you look at a smaller timeframe 1hr, 4hr, it looks like BCH is looking for a bullish continuation on an equilibrium pattern. I'm guessing this will take us to about 1500, at which point we the rest of the fractal will play out and take us back to the blue line.
Let me know your thoughts!
BCH: Open fire!Decreasing volume and triangle It means continuing UP! BTC looks good, so catch this coin. New BCH trend is obviously visible.
There is a second chance to buy in Bitcoincash...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.1210) .
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
. The RSI bounced from the support #1 and it prevented the price from more losses.
. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
Total Profit: 45790 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 16464 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 04.16.2018
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.14667(current price) - 0.09179(open price) = 5488 pip
3 trade(s) still open, therefore total profit for open trade(s) is 5488 x 3 = 16464 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
