Be careful about shorting Bitcoin Cash here. Consider this.Bitcoin Cash is currently having an insane pump. Many of you probably have thought about shorting it or have already done so.
But be careful. Look at the massive amounts of shorts being opened during the pump. You do not want to get caught up in a short squeeze, which is what happened for XRP. Instead, if you wish to short it, just wait for a 50% correction and short the bounce from 0.5 for a much safer short entry, You will catch most the profits without the risk of shorting currently.
While I do suspect the rally is ending soon, opening a short when shorts are insanely high is very risky. Keep in mind shorters need to buy back into the market.
During the XRP rally, the shorters opened the position and price pushed 50% higher, causing cascade of liquidations. The remaining shorters managed to close their positions at the exact top. The same could be happening for Bitcoin Cash.
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Bchusdlong
BCH/USD pauses at 110-EMA, stay long on break aboveBitcoin cash pauses 3-day bull run, finds stiff resistance at 110-EMA.
We are seeing some overbought pressures. Pullbacks possible at stiff resistance.
Cloud offers immediate support at 533, break below could see further weakness.
On the upside, breakout at 110-EMA could see test of 23.6% Fib at 745.
Support levels - 533 (cloud top), 495 (5-DMA), 450 (20-DMA)
Resistance levels - 575 (110-EMA), 659 (Sept 2nd high), 745 (23.6% Fib)
Watch out for break above 110-EMA to go long, place stops at 530, target 660/ 700/ 745.
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.
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Bitcoin Cash - Up to 165% profit potential!As I see BCH right now, it really looks like it´s bottoming out and forming falling wedges on several timeframes. It also didn´t have a proper retracement since May, so we should see one in the near future. The stochastic refuses to go into oversold, so something is pushing it up.
At the moment, it is just an unconfirmed idea and we are on the resistance. If you want to play safe, you should WAIT until the break of the yellow and blue line and buy on the pullback.
The SL should also be adjusted by your risk management. Mine is on -14% (394 USD) because in this case, we are targeting huge gains of 55%, 95% and 165% (target are marked by white horizontals). Therefore we can use a smaller position and place the stop wider.
There is also coming a BCH hard fork on 15th of November. That could give BCh nice boost, too.
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BITCOIN CASH Making Triangle Buy at 420 USDBCH Making Triangle Buying Opportunity
Buy- 420
Sell 508 , 576, 650
Stop Limit 390
Stay Tuned..........!!
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BCHUSD - POSSIBLE UPTRENDi am expecting a longer term uptrend for this crypto
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Bitcoin Cash - Lets Cash! 07/10/18Going to play BCH long here. Made an eve-adam double bottom and is now making a bull flag. Be careful as there is a sign of bearish divergence on the oscillator. This could be just the bull flag. Watch some of www.tradingview.com - this is the kind of correction for a buy setup. Set SL accordingly (if it breaks the middle of the eve-adam) Target is $600 is, if it breaks that top its $700.
thepatternsite.com
vs BTC
$BCH double bottom $BCH looking for a double bottom with a clear bullish divergence on 4HR chart. R/R is good here above 5 with stops placed under previous low. give a little distance on stop in case of stop run before run up.
Green area is Daily order block supplying support. If $BTC ends up ranging for a few days I could see this going higher than what is projected on chart but lock in profits with the uncertainty currently happening.
BCH, broken trendline's and the moon in sightFolks, we already broke a large trendline a couple weeks ago. Once we bust through this 630 area we are testing right now we will head to the 900 area. I imagine we'll get some consolidation and if we bust that area there is a lot of room for it to run up.
Happy Trading,
-Sherem
BCH crashing very badly following a channel on 4 hour chartBCH is crashing very badly following a regression channel on the 4 Hour Chart and moving and hitting target exactly according to my previous analysis posted.
Long BCH/USD on 1H 100-SMA breakout, tgt 545/ 555/ 580Bias on the daily chart is neutral, but we see scope for some upside on the hourly charts.
On 1H charts, momentum studies have turned bullish and RSI has edged above 50 mark with scope to run further.
Break above 1H 100-SMA will see next major hurdle at 1H 200-SMA at 542.
Breakout at 1H 200-SMA will see test of 38.2% Fib at 547 ahead of major trendline resistance at 556.
BCHUSD to shoot up if BTC remains stableBitcoin Cash looks like it will bounce back to the upper trend-line to test it again. However, this move will see an increase by over 20%, while at the moment all altcoins incl BTC are low and looks like they go even lower.
Let me know if you think BCH is strong enough to do it?
The altseason coming? Nice bitcoin cash trade opportunity.BCHBTC chart here is showing a classic falling wedge pattern
Judging by historical support/resistance, the bottom is very clear here.
We can simply put our stop loss under 0.1 key support and a get a very nice trade with risk reward ratio greater than 8
***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
BCH oversold on every timefrime?I was checking BCH out and noticed from weekly to hourly. This typically means it has no choice but to go up from here and could run out of steam at the moving averages (800) or the next resistance line (880)
BCHUSD to test the funnel ~100 pips opportunityBitcoin Cash to test the upper trend line of the funnel. The green area should be the deciding point on whether it is going to breakthrough or continue in the same manner. I look forward to hearing your ideas too.
