Bchusdshort
BACK HOME for the HOLIDAYSBCHUSD 4H FALLING
Price is falling back to the home base by the ma's because...
Price was stretched far away from ma's.
MACD was stretched far away from 0 level line.
MACD has crossed below Red signal line indicating possible new direction.
Close trade if MACD crosses above Red signal line.
Let us know what your ideas are on this pair in the comments.
Target Over $4,000 in Days/Weeks - BEST PICKBitcoin Cash is our TOP Pick thus far. It has been hanging around $1,400 for several weeks, but that is about to change.
Targets: $2,100
$4,000
$5,000 (If we reach this target, further uptrend to continue in same bullish pattern as BTC)
Stop Loss - We are not setting stop loss for this chart because we do not believe that it will have a drop that big that it won't be able to recover in prompt time
Buy Zones - between 1,400 - 2,000
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Invest only what you can afford to loose. Even though we are confident in this uptrend, cryptocurrencies still remain highly unpredictable and slight change may alter all results, invest at your own risk.
Best of luck to everyone who follows us!
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.
Paybacks a BCH ~ Short BCH to .12 and then Moon :)Paybacks a BCH! Don't get left behind :) #satoshisVision #micropayments #merchantadoption #segwitsucks
BCH shortA small candle with a huge upper lobe depicts the model "shooting star" - a bearish model. The RSI is in the oversold zone, and MACD is preparing to make the cross down.
As you know, long candles can support at the level. Therefore, I recommend opening a sell order if today's candle closes below the middle of a long white candle.
Sell 1100
stop loss 1300
target 850 and 680
How I've been trading BCHWe all know what's going on with BCH and BTC.
I'm not entirely sure where we stand, so there's not much I can say, unrelated to my chart.
Here is what I notice:
Bollinger bands contract when preparing to break out, this is very common with Bollinger bands.
When price starts going up, buyer volume slowly increases in a near-linear manner.
When sellers come, seller volume slowly decreases, and decrease of volume is increased as gets closer to next bull cycle.
RSI shows oversold on all 3 "correction" bounces, before it started going back up.
You can use that for a signal of potential upward movement.
We've had a few falling wedges and pennants since yesterday, you know what those do.
See how you can use this.
BCHUSD Divergence and RSI Overbought & BB !!!! SHORTI am still very newbie so you can help me. This is what I see. RSI Divergence and RSI Overbought and growth in all periods outside BB.
IMHO a short....!!!
Bitcoin CASH shorting before we go up again!We did hit our 660 usd target from our earlier post.
Now it's time for the retracement. Target would be at the first green line or at the 550 usd.
TAS - BCH Trade Opportunity (Delayed)The TradeAlertSystem (TAS) aims to pinpoit entry (Enter Trade Alert) and exit points (Exit Trade Alert) for long and short positions for short day/intraday trades based on a powerfull algorithm running on background and picking the best entry and exit zones for the trader.
All the trader has to do is follow the email alerts the system sends, no more endless hours of looking at charts trying to guess entry or exit points.
The system consists also on a smart money managment that consists on entering in a trade with 1/5 of the total intended trade money in the 1st Enter Alert and exit at 1st Exit Alert, and it's also designed to cut your losses providing 4 extra price corrections possibility (pyramiding / layering entry x 4), these corrections are only allowed after a 4 candle period on the 2h chart meaning: the 1st correction should be done only after 8hs or more related to the entry position (1st Enter Trade Alert) and should be only done on a new alert (>= 8h new blue bar), and so on.
After 4 corrections a stop loss with 5% price value on the last correction price should be submitted.
Back testing gives a extremely high level of accuracy on short term trades (day/intraday trades).
The charts publishing can have some delay because I can't afford to be online 24/7. Though the email alerts work 24/7 in real time.
The chart colors are all changed to reduce headaches, so green is blue and red is white.
Entry price: 350.87 with 1/5 of trade money. (e.g.: 2000 of 10000 USD)
Disclaimer:
1. This is not a trade advising system for the general public for now, I use it for my own trades and publish it to keep an historical record and testing purposes. Follow this system at this stage at your own risk. Soon I intend to make available a real time email alerts for the TAS subscribers. PM me if you interested on receiving the latest news.
Good trading!