BCHETH
BCHETHFinally the triangle will be broken, BCH has to break that 2 strong resistances, after that BCH can fly.
In the other side ETHUSD are still in bearish mode.
This is a short term trade. Im not your financial advisor DYOR.
BCH/ETHBCH/ETH seems to have found some support around 1.43 ETH. Moving sideways through the cloud. This one could pop. Would be nice to use BCASH in order to make some ETH
BCH ETH Possibilities BCH/ETH seems to be finding support along a longer term support/resistance line. Could we see it play out like previous move to ATH
BCH/ETHBCH/ETH falling below the Trendline Support (A) declining in price.
If it falls below Trendline Support (B) it will continue to decline.
Wait for BCH/ETH to form a higher low before buying in.
A higher than previous price of above 1.47 ETH needs to be formed before determining the next move.
Will update as the days progress throughout the week.
Please come back for an update!
Bitcoin Cash - Daybreak(Trade thread on Yours.org (check my signature) will be posted in a while)
It's been a while since there's been an opportunity for a long trade on Bitcoin Cash, in terms of what's safe and responsible to call at least.
Looks like we've found that situation.
BCH has diverged from BTC primarily because the BCHBTC pair has finally broken out above 0.18, MMs have absorbed the dumps, and have continued to push price up.
BCHUSD price has followed in kind.
This trade is best traded on a 6H candle closing above the wedge line at $2,550
That being said, it may move too fast for that, so I recommend taking a 50% sizing of your normal trading position now and filling the rest on a minimum of a 1H close over $2,600.
Target will be the 0.236 Fib at $3,500 and the prior high at $4,000.
However, if price action reaches these goals we will have to reconsider at the time.
STOP should be strictly adhered to at $2,300 to account for pullback.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
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Bitcoin Cash - Surviving Market Corrections(Verbose post coming to Yours.org shortly (in my signature))
So, this is reality. Yes, crypto is a long-term big bull run that’s nowhere near global adoption levels. That is the truth. However, there’s a saying everyone has heard before:
"The market can stay irrational longer than you can stay solvent."
Time frame is what matters. Over the course of 2018, I’m sure we’ll see even greater parabolic growth in crypto. The question is, if markets correct, can you survive until then?
I survived the September and October bear markets. I didn’t trade it particularly well and took some pretty big hits to my positions and wealth and even though in the end everything is fine and I have quite solid gains for the year, the losses generated then cost me gains I can’t recover during this bull run.
Here’s a reality check for you if you’re one of the “lol it’s crypto noob markets correct noob” camp.
Price just went from $4,100 --> $1,600 in 2 days 6 hours.
We just experienced a substantially more violent correction than October panic was. This is not unique to Bitcoin Cash, as all markets suffered the same fate with the exception of a few outlier shitcoins.
What it does tell you though is that the bull run is over until proven otherwise .
This is a key premise that you must accept.
The fastest way to lose money trading is to be trading in the wrong direction.
This Idea is a longer-term idea and does not comprise a shorter-term trading strategy. I will be posting shorter-term trades while also updating this one.
I am not saying that this pattern will happen, but amidst major market correction, it is something you absolutely must be prepared for.
People have smugly forgotten or don't know what "buying the dip" is about when the trend is no longer up.
Unfortunately for Bitcoin Cash, until something fundamental diverges, it will correct as well as BTFee drags all markets with it.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
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BCH has formed a Symmetrical Triangle, likely bullishBCH has formed a Symmetrical Triangle which likely bullish, I hold some BCH and looking to add once it breaks. risk reward is pretty good for me and MACD is about to get a goldencross, with Bitcoin's insane fees and insanely slow tx, I think this will play out well.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
BCHUSD - Bull flags, pump imminentA bull flag fractal pattern is draw on the chart. We should see a 5 wave impulse, the first wave to test 4k, wave 2 to retrace, wave 3 to attempt again and breach 4k, 4th wave will find 4k as support, and wave 5 could go up to 4500 or beyond (hard to tell where it might end because we are at all-time highs).
Also, just because crypto charts seem to love triangle corrections, I've outlined a probably ABCDE correction.
Let's see how it pans out.
Bitcoin Cash - The Dragon is Awake(Verbose write up and structure on Yours.org (in my signature))
Welcome to the future, friends. So many people, all these months, have said this would never happen. Mostly, they said this during times of Bitcoin Legacy pumping. In reality, people do not care about Tether, transaction fees, confirmation times, who Blockstream is, who their backers are, wash trading, or the nature of the ultimate ending of the banks behind Core, Lightning Network.
People care about one thing, which casino token they can ride to make money on. All of their profits are eliminated during correction and the ensuing bear market, and they lose all the money in their accounts, but they couldn’t care less along the way.
Why? Because most people are simply gambling and chasing a get rich quick scheme.
Investors have made nearly 1000% since November 1. Gamblers have likely lost money.
You can decide for yourself whether you want to listen to trolls, shills, and charlatans, or if you want to find better sources of information.
The definition of insanity is doing the same thing over and over again.
Right now, mining profitability has stabilized to equality after being heavily in BTC’s favour for the last few weeks, Bitcoin Cash has been released on Coinbase, and fees and transaction times are absolutely suffocating the Bitcoin Legacy chain.
Shoutouts to everyone over the last month or two who have been following my posts while I made the $3,400 call when everyone said I was retarded.
I also made a $5,500 call at the same time.
We'll see.
What's up and where are we going? Check out my Yours.org post (in my signature) for a verbose write up and optional trade structure.
Post will have:
Trade structure, strats, stops, and targets
Bitcoin Cash futures market
A possible black swan on the horizon
Multiple updates and strategies as price progresses.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
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BTC if $15,000 Support doesn't hold watch for $10k-$12k NextChart has been in a strong uptrend but this pullback could be big. If support doesn't hold @ $15K then I would expect a pullback to $10,000-$12,000. At those levels I would consider it oversold. With many AltCoins trying to attack Bitcoin we shall see what the future brings.
Bitcoin Cash - Finally Light, But It's a Complicated Situation(Verbose details and optional trade structure on Yours (in my signature))
Right now there is a lot to be happy about. Bitcoin Cash just revisited, for the first time since the November run, the $2,000 mark. It's not a surprise it was sold off after a manic +30% run, and is now consolidating. This is very normal and this consolidation may continue for a while before further upward movement.
The reality of the situation in crypto right now is the following.
South Korea, as said before, is holding a meeting or has held a meeting, can't tell which, but is announcing what measures its taking to regulate/control the crypto market "Friday".
Mount Finex has printed themselves an additional $125,000,000 Tether.
Yet, despite that, we are in a bullish flag pattern after a major break out, which is a continuation pattern that indicates further upward movement.
Fundamentals are critical, but for daily trading, technicals are what matter the most, and we have them.
Check my Yours post for more info.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
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BTG - Potential breakout point after an ABCDE correctionBTG might have it's day in the sun in the coming weeks. I will be looking for an entrance when I see wave E break downward.
Bitcoin Cash - Distractions Abound; Slow and Steady Win the RaceFull post with trade structure on my Yours (in my signature)
The reality of the situation in crypto today is that there is much danger and calamity.
Mount Finex is crumbling and becoming ever more sketchy and ever more dangerous each day. It would appear to me that perhaps, with their new minimum deposit requirements and only processing LTC withdraws quickly, that perhaps they are not solvent.
It would also appear to me that many of the pumps that are happening in crypto are related to Tether, are for the purposes of pumping the alt-BTC ratio, and exiting the market on inflated pairs via KRW, JPY, and USD fiat exchanges.
The reality is that on Friday, South Korea will announce “measures on cryptocurrency trading” according to a Reuters report that is citing a central bank official.
twitter.com
Yesterday’s market dump seemed to be related to that news. Markets have since recovered.
But, as we’ve discussed in great detail, Bitcoin Cash is the one crypto on the entire market that has the strongest fundamentals.
Why?
Because Bitcoin Cash is Bitcoin. Except it works.
This is going to prove itself to be a bigger and bigger deal as the future plays out.
Bitcoin Legacy (BTFee™) does not have a well functioning blockchain.
Fees are still $60/byte, a mere 2,900%+ more than Bitcoin Cash
Average confirmation time on the BTFee™ network is at a relative low at a meager ~270 minutes.
Ethereum has proven that it cannot handle itself under the load from even one widely-used smart contract.
Litecoin as discussed, is a very centralized coin in terms of its distribution and its fees, and while albeit much cheaper than BTFee™, is considerably more expensive than Bitcoin Cash.
And although amidst major market correction, in the absence of a Cashening or a Dragon Slaying scenario, Bitcoin Cash will dump along with everything else, it’s still one of the the safest, if not the only safe bets on the market to hedge your value and your risk in.
The reality of price action is that we’ve now had two 12 hour candles close outside of the prior downtrend line. Price action is now retesting the 0.382 fib retrace from the mania blow off top, Tenkan-Sen has crossed Kijun-Sen. And we have a green Kumo twist, albeit slight, on the 12 hour chart.
The breakout is real, and although it’s slower than some of the other coins are experiencing, these gains are major and real and we now have a trading opportunity that is arising.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
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Bitcoin Cash - Be Greedy When Others are FearfulFull post will be available on my Yours (in my signature) after I've had some time to compose it properly.
Amidst the hype of Bitcoin Legacy reaching a $20,000 high, CBOE and CME Futures, and today, even Litecoin is finding a new high, perhaps many people have forgotten about Bitcoin Cash.
From the persepctive of a trader or an investor, this is indeed a very good thing. Why? The answer is simple. The herd is always wrong. The best times to sell are when everyone is euphoric and greedy and the best times to buy are when everyone is depressed and fearful.
The reality of why is simple.
Fundamentally, Bitcoin Cash is Bitcoin. It's a pure hard fork of original Bitcoin, adhering strictly to the original whitepaper of electronic peer-to-peer cash. Bitcoin Cash is not an altcoin. It is a fork of Bitcoin. The major changes made during this fork are the blocksize went from 1MB to 8MB, and the way mining difficulty, which affects how often blocks are found for how much hashpower is on the network, changed from an adjustment every 2016 blocks, no matter how long they find to change, to adjusting each and every block based on the hashpower of the previous 144 blocks.
So, why should you care about Bitcoin Cash?
1. Bitcoin Cash is a fork of Bitcoin. Not an altcoin.
2. Bitcoin Cash has major support from ViaBTC, Antpool, Bitcoin.com, and BTC.top/BTC.com and will always have hashpower
3. Bitcoin Cash has a community whose growth is going parabolic. Real users are catching on and real businesses are starting to see adoption. You want to see a pump created by global, organic demand from a fixed supply? Wait and see. 2018 is going to make non-believers eat crow.
4. Bitcoin Legacy fees are $62/byte. Bitcoin Cash are 0.016/byte.
5. Bitcoin Legacy requires hours for a confirmation. Bitcoin Cash will confirm on the next discovered block.
Fundamentals: check
Now for technicals
Price action has shown a proper reversal from the $1100 area. We had a $450 immediate bounce followed by an obvious flagging pattern. This pattern has persisted through consolidation and is now looking to break upwards.
If this pattern breaks upwards and out of the downtrend line at approximately $1,500, we are looking at a run towards $2,000.
When I have some time to put a proper post together I'll post a trade thread on Yours.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party: (dafoh.org)
Bitcoin Cash - What if Today is the Day the Dragon is Slain?Bitcoin Cash has had a bit of a bullish run the last few days. That being said, we all know about possible Dragonslaying and Cashening scenarios. But, when are they? Where could they be? Many things are hard to decipher and hard to see.
Bitcoin Legacy just had its difficulty adjustment. 18% up to a new all time high. There's a lot to talk about, more than I can talk about here. You can check out my Yours blog in my signature if you want a deep dive into the analysis of the situation today. Please keep in mind today's Yours is fundamental/situational analysis and not a trade structure.
Regarding price action, Cash is actually doing pretty well considering all the Tethered mania around IOTA and Bitcoin Legacy. We are in a descending channel formed by the downtrend line from the previous $1720 double top and the recent two lows. Price action is starting to form a potential bottoming/reversal pattern, even though it's at the bottom of the Kumo.
We still trade slightly below the 0.382 retracement, but considering the nature and origin of yesterday's price action, along with the $200 difference in trading value between Finex and Korea, you have to evaluate things within the context of the situation at hand.
Willy21 shows very oversold on both averages and selling momentum appears to be tapering off.
Bitcoin Legacy may be at a top after dropping $600 in an hour.
So, how to trade?
The reality is that long entries should happen on a breakout of the local downtrend line at $1560. You must wait for a 1H+ candle to close above this trendline as confirmation for a safe trade. This resistance must be broken through and it's also the densest volume profile area. What we're looking for is the $1600 mark to transform into a resistance-becomes-support situation.
Fundamentally, you should not invest in coins because they're pumping. You should not invest in coins because of Cashening or Dragonslayer situations, either. You should invest in coins because of fundamentals, and the reality is that Bitcoin Cash has one of the strongest, brightest, and best organic and natural communities in all of crypto. Possibly the best and most legit natural community.
What does this mean? This means that growth in your investment is not reliant on conspiracies or manipulation. Instead, it's reliant on achieving the organic, critical masss from merchant and human adoption. It's something spreading like wildfire, faster than most people can see.
By the time they see the smoke, there will already be fire.
When there's fire, Bitcoin Cash will never see a four digit number starting with "1" again.
Regarding Bitmex holdings, Bitmex only has about 13,500 Bitcoin Cash in their holdings, as they weren't that big August 1. Xapo dumped nearly 100,000 yesterday. Bitmex has not moved their coins yet. What's curious about this is _why_, and I discuss that in my Yours article.
Come and join the Bitcoin Cash Fund community chat and get involved
chat.thebitcoincash.fund
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party: (dafoh.org)
Bitcoin Cash - Where There's Smoke, There's FireFriends, before we begin, let us have a moment of silence.
For whom?
For all of the people who have been deceived this last week into selling their Bitcoin Cash below $1,500 and at BCHBTC ratio levels as low as 0.13.
Those are now locked in losses that are hard to recover.
Regardless, we have ourselves a real, high volume breakout of the major downtrend line, have retaken on the 0.236 fib, Kumo twists green... literally all the indicators show nothing but strength.
Next stop? breaking/regaining the $1750 area and the uptrend line from the current run.
I've posted a brand new Yours. This article does not have a trade structure and is all research and analysis, including a new perspective on the infamous Operation Dragonslayer .
Thank you guys so much for your support and taking the time to read my stuff. I really appreciate it.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party: (dafoh.org)
Bitcoin Cash - #3 in Market Cap and Volume for a ReasonIn light of recent TradingView censorship, the majority of this post will be on my Yours (in my signature). The post is more verbose and has some images that I can't post here anyways.
There will also be an optional trade structure/plan for those interested, as we do have ourselves an opportunity for a long trade.
Check out my Yours (in my signature) for the rest of the post. Follow me on Twitter (in my profile) as updates arise.
The boys at Yours also recently integrated TradingView ideas, so show them some love and I'll have the post there up in about 5 minutes after publishing this.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party: (dafoh.org)
Bitcoin Cash - Strong Hands and Long-Term Focus AdvisedIn light of TradingView locking pretty much all of my posts, the majority of what I say will go on my Yours blog, in my signature below.
Content in the body of the TradingView post will remain sparse. Follow me there if you want to read more.
Regardless of all the noise on Twitter and Reddit and Discords/Telegram/Slacks the last few days about "Bcash" this, and Roger Ver that, don't lose sight of what Bitcoin Cash is: a community-activated hard fork of Bitcoin to solve both the high transaction fees and slow confirmation times caused by the 1MB block cap and the infiltration and subversion of Bitcoin Legacy by Blockstream, who is entirely backed by a group of really nice guys like Axa and Mastercard et al.
You know, a really similar group to the "big money" that's coming to Bitcoin Legacy that you're somehow supposed to benefit from, even though you're the source of profit on their winning trades.
Give yourself an education on how Bitcoin Cash came to be, and make a decision for yourselves as to what you want to do with the future:
www.reddit.com
Right now, as far as BCH price action goes, there is nothing bullish to discuss.
We trade at the support line of the Kumo on the 1H chart. Tenkan-Sen has crossed well under Kijun-Sen, and all oscillators are showing no signs of reversal.
What does have some signs of good news is that we are in an immediate falling wedge pattern, which does often reverse at the bottom, break out, and lead to a new run. We are also inside of a larger ascending triangle, where upwards breakouts often happen, and towards big gains. That being said, we have no bullish indicators that this is going to happen, so we look for bounces and reversal patterns in the key $1400-$1420 zone.
If we do not receive a bounce at this area, the next chance is $1320. Anything further than that on any sustained time scale will confirm a very bearish trend reversal.
Bitcoin Cash is a coin that you should be holding based on your belief in the long-term fundamentals of the coin, where it came from, where it's going, and what its community is trying to achieve.
If you don't believe in its fundamentals, sell now and move on to something else.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party: (dafoh.org)
BCH Long Target Target: $2100
Stop-Loss: $1515
Bullish flag, symmetry with the pervious move up. Also Approaching mid-term trend line where it should bounce if it fails to break out of the flag beforehand. I have given 3 options on how it will play out. Target is correlated with the 1.618% fib level established from the previous all time high. Be careful of a break of this mid-term trend line. Good luck and message me with any suggestions on how i can make these charts easier to read for you.
Fool Me Once, Shame On YouFool Me Twice, Shame on Me
Due to the fact that Bitcoin once again failed to break 8k, there is a solid chance that it will start a retracement.
IF BTC does in fact start this retracement, BCH may have a chance for a solid rebuttal!
Judging by the chart, BCH is attempting to cross the downward trendline that was formed from its previous high of $2800.
My plan of action:
IF BCH succeeds in crossing this line, I will place my long for a quick scalp non the less.
If we then form a new higher high above the 1224 price mark, I will likely stay in my position to see how this plays out.
IF BTC continues to rise, and BCH fails to gain momentum, I will stay out of this trade all together.
IF you are able to short BCH, I wish you luck!
Note: trendlines were drawn off 15 minute intervals
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
