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Bchusdshort

BCH - MAKE $$$ SHORTING BITCOIN CASH PRIOR TO HARD FORK ON NOV15Analyzing the $BCH chart we can see a high probability of a down trend and hopeful retracement down the fibonacci level and moving averages. My personal trade is as follows: --open short position on 5x leverage at the .0750 level --take profts at P1, P2 --close trade at the golden ratio .619 which also coincides with the 50 day moving average. Gredy trade: -- wait for a spike back to the .0766 level --take profts at P1, P2, P3 -- close your trades at the P4, P5 ranges which is also the 100 and 200 day moving averages. Could even monitor how the fork date goes and if a heavy drop coincides that may even be able to reach the .382 fib level.
BShort
by bardownzy
5
BCH and the 3 the magic number 3 oh its the magic number I love charting BCH Actually I feel like 9/10 BCH moves first in the market, and I like being ahead of the game ;) Seems to me like we are currently in a WXY correction pattern, currently in wave Y, with the bottom near. There are VERY BEARISH feels right now. I feel very positive about this strong downwards movement. RSI overbought through the roof Bearish divergents on both volume & RSI HIGH % long positions 3 is actually my favourite number, always has been. The best things happen in 3's. Third time lucky. Three bags full So this is why I will give you 3 short targets SHORT TARGET #1 $492 SHORT TARGET #2 $393 SHORT TARGET #3 $333 After target number 3 I expect to see a BIG movement in a bullish way. Making charts to buy wine and pay for surfboard repairs. #nofinancialadvice
BShort
by River-crypto
BCHUSD - bearish triangle - last move downLooking at the BCHUSD 4HR chart, it seems to me that we're in a bearish triangle. It may possibly complete an ABCDE (or perhaps break even sooner) to make a move down to the zone of $1130-$1070. This would match the height of the triangle, and confirm to my analysis in an earlier, larger idea where I examined the complete present downwards wave 2 which, I believe, is about to end after this last move to the zone around $1100. I will be taking a short position with a stoploss above the triangle. To see my top-down analysis of the present downwards wave 2 we're in, you can find more information in this idea and its updates:
BShort
by Pvgeldrop
3
BCHUSD 240 - short term, end of wave 2Today I tried analysing BCHUSD and want to share my ideas with you. I'd appreciate any feedback or corrections to improve my analysis! Before I begin: please excuse my labelling at times, I am still learning the finesse of Elliot Waves and analysis, so bear with me if at times it sounds confusing. ;-) At present we seem to be nearing the end of a ABCDE-correction (in black) from the top of Wave 1 (in cyan, which reached a high of $1849 on the 6th of May). We're presently in wave B of an ABC-correction (in dark blue) in the higher degree (E), with accompanying declining volume, indicating a likely downmove. I suspect we'll see the end of this lower degree B-correction at $1330 max; this would match the retracement of the higher level degree wave (B) retracing 38,2% on the higher level degree (A), honoring the fractal nature of the market. After reaching the end of the lower degree B, it would seem likely we'll make a final move downwards to the green rectangle where lower degree C and higher degree (E) will terminate (and thus Wave 2, also in cyan). My prognosis for this final move is based on an overlap between retracement of Wave 1 (around 50%), extension of wave (C) (between 61,8 and 100% extension) and the visible resistance around the 20th-22th of April in Wave 1 around $1150. As far as timing is concerned: I'm presently expecting wave C/wave (E) to end in 2-3 days, though I'm keeping my motivation for that to myself for the time being, because I may be utterly wrong! Nevertheless, my price objective for wave C/wave (E)/Wave 2 stands: buyzone between $1200 (resulting in a flat) and $1100. In the short term, that means shorting in the present corrective wave B could give a profit of around 8-9% (depending in your timing). Stoplosses should go without saying; they're your friend. After the end of wave (E), I'm expecting BCHUSD to move into Wave 3. Presuming an 100% extension of Wave 1 as a cautious target, my price objective for Wave 3 would become just below $2400, also giving plenty of trading opportunity along the way in its corrections. But more on that later, let's first see how these ideas work out. Please note that the ideas above are merely personal analysis and idle musings, and are not to be taken as trading advice as such.
BShort
by Pvgeldrop
4
BCH - A tale of WoeI am not short, but my bias sure is, Bitcoin Cash is looking pretty ugly right now, the hard fork being over didn't help anything. We have created this Head and shoulders pattern and have had it do the following: 1. DAILY MACD crossed down. 2. RSI Confirmed DIVERGENCE 3. Head and shoulders pattern. 4. Broken short term up trendline Nothing good While it is possible that we could get another move up to this neckline, it seems unlikely that will happen. If we get a confirmed break of this $1,250 point that's bad news bears for BCH. We are going to $1,000 at least. If $1,000 breaks it will kind of be in no mans land in terms of support, we could see it fall hard. Right now BCH has been teasing this $1,250 break and even punched through it a little which isn't a good sign for a move to the upside. You want to see that support there BEFORE it hits those levels, not after. Not good. BCH has had some good moves and people have made a lot of money, so it's worth keeping an eye on. I might have to see it fall pretty hard for me to be a buyer. Happy Trading, -Sherem
BITSTAMP:BCHUSDShort
by Sherem
3
Bitcoin Cash -Rising wedge takes it to 1250 USDBitcoin Cash happens to be in the rising wedge formation + finished 5-wave cycle, I am awaiting a little rally upwards (possibly even to retest 1850 USD) and then C leg of the correction downwars. That should take us at least to 1250 USD and the mid-term trendline. If it can´t stop the dump, we can go even lower to long-term trendline :) There is coming another piece of market correction now, so stay tuned! Please don´t forget to hit the like button if you agree.
BShort
by Blockspacecz
3