Bitcoin Cash (BCH) Short squeeze occured, can move down now.I successfully called the BCH bounce and short squeeze in the last idea. Please view for yourself.
Right now after the short squeeze, price is free to move down. Be careful about buying BCHZ18 on Bitmex. You could be burned. Do not leave any positions overnight unless you are fine with a 10% drop.
I am not going to have an actual short position but it is a nice environment for scalping.
Thanks for viewing!
This is the short squeeze. Notice how people are closing positions on Finex right now as BCH is pumping on Finex due to the pumping of BCHSV.
This chart is the BCHZ18 chart on BitMex.
Bitcoincashbtc
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.07810 to 0.06515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.07810)
Ending of entry zone (0.06515)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " 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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @0.0905
TP2 = @0.0980
TP3 = @0.1075
TP4 = @0.1210
TP5 = @0.1330
TP6 = @0.1480
TP7 = @0.1770
TP8 = @0.2010
TP9 = @0.2440
TP10 = Free
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.07810 to 0.06515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.07810)
Ending of entry zone (0.06515)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " 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 the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @0.0905
TP2 = @0.0980
TP3 = @0.1075
TP4 = @0.1210
TP5 = @0.1330
TP6 = @0.1480
TP7 = @0.1770
TP8 = @0.2010
TP9 = @0.2440
TP10 = Free
Bitcoin Cash (BCH) Insanly risky long trade I plan on taking.The basics of the idea are explained on the chart. If price wicks to the stop loss cluster and moves back up, we know it is a very good long. If price drops below and stays there. could still be a buy, but not as safe. If scenario two occurs I probably won't take the trade.
So I expect another 6% drop from here into liquidity zone
1. Lots of people betting on Bitcoin Cash dying and all are in profit
2. Longs all in a loss
3. Big liquidation on Okex
4. Expected stop hunt to 0.063
We know that the money in the market currently flows from retail to big retail. Soon it will be institutions. Few months ago large funds were downloading crypto charts for analysis and stated they are looking into getting into trading crypto. Bet some are in already.
Also, Matt Hougan is creating an index for cryptocurrencies. Anyone heard of him? /s
Thanks for viewing!
BCHBTCAlready in a short position in BCH since top, RSI divergence was plain as day.
wait for retrace for possible long 3 wave with tight stop under the .65. Everybody eats.
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
. While the price is above the support 0.0655, beginning of uptrend is expected.
. We make sure when the resistance at 0.0980 breaks.
. If the support at 0.0655 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 0.0655 is broken.
Technical analysis:
. The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
. The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 74.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.08800 to 0.07650), if so, we would set orders based on Price Action and expect to reach short-term targets.
. Beginning of entry zone (0.08800)
. Ending of entry zone (0.07650)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" 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 the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0980
TP2= @ 0.1075
TP3= @ 0.1210
TP4= @ 0.1330
TP5= @ 0.1480
TP6= @ 0.1770
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
. While the price is above the support 0.0655, beginning of uptrend is expected.
. We make sure when the resistance at 0.0980 breaks.
. If the support at 0.0655 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 0.0655 is broken.
Technical analysis:
. The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
. The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 74.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.08800 to 0.07650), if so, we would set orders based on Price Action and expect to reach short-term targets.
. Beginning of entry zone (0.08800)
. Ending of entry zone (0.07650)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" 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 the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0980
TP2= @ 0.1075
TP3= @ 0.1210
TP4= @ 0.1330
TP5= @ 0.1480
TP6= @ 0.1770
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
USDT -BCH Bitcoin Cash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2017 ( 3 / 10 )
Volume 24 H : 48000 BTC -0.18% ( 7 / 10 )
Available Markets* ( 10 / 10 )
Social Media Rate ( 8 / 10 )
Ranks ** 4 ( 10 / 10 )
Website ( 8 / 10 )
Type Cryptocurrency
Overall ( 8 /10 )
PLANNED NETWORK UPGRADE on Nov 15, 2018. It might pump a bit before this date.
I did my first 10X on this coin! It was a huge success! Sold it around Nov 2017 and dont touch it since then.
$300 - $450 levels are always great levels to buy it for the long term investment.
When Roger Ver comes to the stage, No one can hold Bcash .
You can also wait Bcash to break downtrend line line and let MA 50 to pass MA 100. Be careful, BCASH Pumps so quickly. That's why it is a good time to accumulate some Bcash right now at this level.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
BCH Bitcoin Cash: Long UpdateFollowing up on my last BCH Chart:
-In case you missed it (also check my profile / notes below):
October 30th:
"BUT HEY IF YOU'RE BY THE CHARTS...
LONG IT...
TARGET - .09050
TIGHT STOP THOUGH .06485"
*I AM IN NO POSITION
- BCH REACHES FIRST ROUND OF RESISTANCE ON H4
- I WOULD TAKE 25% - 50% OUT! // WATCH HOW PRICE REACTS TO FIRST LINE OF RESISTANCE...
- H4 RSI is signaling OVERBOUGHT tho...
- IF IT SMASHES THRU THAT RESISTANCE OTHER KEY AREAS TO WATCH ARE LABELED ON THE GRAPH!
- I would NOT jump into a position either, wait for a confirmed R/S flip - if there is one...
Always take when the market makes it available...
BCHBTCBCH/BTC
There is a chance to form a double bottom on the daily timeframe
MACD can consider long domination of sellers
BCHBTC LONG/SHORT POTEMTIALwell idek if this is good or not, but if it breaks up or down im assuming y'all know what to do
$BCC - TEST, DAILY : #1THIS IS NOT FINANCIAL ADVICE.
Disclaimer: I am personally going long w/ BCC.
________________________________________________________________________________________________________
I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
These are just theories I am testing out to see what I need to adjust based on results.
________________________________________________________________________________________________________
Leave me a comment if you see something I need to change, I'd appreciate it.
BCH - On the move in STYLE!! BCH has been on FIRE today with a strong move off its demand zone around $435 yesterday with substantial volume relative to past few weeks. It has currently moved to its 50%FIB level and currently finding resistance there creating an SFP at the moment. We could very well see a pullback as the RSI is hitting resistance at the top demarcation line and might need to cool off a little before giving it another go.
Bitcoin needs to break out of its current level to allow altcoins to continue this move higher so any pullback with BTC strength could provide a nice long trade.
Thanks guys!
BITCOIN CASH: BSV TOKEN & BITPAY INTEGRATION - PROFIT = 18.33% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 30th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 18.33% PROFIT!!!
The increase in price may also be explained by positive developments including:
Dec 2017: GDAX reallows access to Bitcoin Cash 4.78% 6.48% trading.
February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash 4.78% 6.48% .
January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash 4.78% 6.48% trading on its GDAX exchange last month.
January 27: The developers behind Bitcoin 0.25% 1.05% ABC , a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash 4.78% 6.48% network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC 0.25% 1.05% and BCH addresses.
March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash 4.78% 6.48% transactions.
April 16: Bitcoin Cash 6.48% announces Memo: An onchain social network built on Bitcoin Cash 4.78% 6.48% .
April 19: Bitcoin Cash 4.78% 6.48% announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash 4.78% 6.48% .
April 22: Bitpay Adds Bitcoin Cash 4.78% 6.48% Support to Checkout Point-of-Sale App
April 27: Bitcoin Cash's announces that next fork will add "larger block sizes" and "smart contracts".
May 4: Bitcoin Cash 4.78% Opposers Scrap Lawsuit Against Bitcoin 0.25% 1.05% .com, Citing Lack Of Cash
May 19: Bitcoin initiates hard fork and adds 32MB blocks and smart contract functionality.
May 21: Cryptocurrency investor Brian Kelly said Monday bitcoin cash 4.78% is the must-own digital currency of the moment.
May 24: Mobile banking app Revolut now lets users buy, sell cryptocurrency adds BitcoinCash.
May 30: Devere Group, an international financial consultancy boasting well over 80,000 clients in more than 100 countries, has announced that Bitcoin Cash 4.78% (BCH) have now been added its recently released cryptocurrency exchange app Devere Crypto.
June 1: Unocoin (Indian Exchange) lists Bitcoin Cash 4.78% .
June 2: A Bitcoin Cash 4.78% related charity called "Eat BCH" is setup that is focused on feeding South Sudanese Families with Food Paid for With Bitcoin Cash 4.78% Donations.
June 2: Bitcoin Cash 4.78% Fund starts new website to push Bitcoin Cash 4.78% . The website, bitcoincashers. org 0.59% , is a portal that will educate the masses on what cryptocurrencies are, how it works and how to buy, sell, and trade with these digital assets
June 3: Bitcoin Cash wallet HandCash releases Mainnet BETA for Android.This Bitcoin Cash 4.78% wallet has advantages including the enablement of NFC payments.
June 3: JP Morgan internal Cryptocurrency prediction report notes that Bitcoin Cash 4.78% is here to stay.
September 1: CoinEx Exchange announces they will create a BSV token and award them to users on a 1:1 basis with their bitcoin cash (BCH) holdings, based on a snapshot at the time of the fork — should such a fork happen.
September 2: The cryptocurrency payment processor Bitpay just recently the firm added bitcoin cash support for merchant invoices and the company’s debit card loads.
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
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
Major bull run coming or End of Crypto (please read the descriptBCH is following one unique pattern of 6 weeks Down and up,
This one is final one before a major bull run, its because if it goes a little up and follows the 6 weeks down theory it would go below unexpected prices which is very very un un likeley.
so guys stock up before we take off to all time highs again,i would say Staring from July - Mid july,
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
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
BITCOIN CASH: HARD FORK & INCREASED ADOPTION - PROFIT = 21.16% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of May 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 21.16% PROFIT!!!
The increase in price may also be explained by positive developments including:
Dec 2017: GDAX reallows access to Bitcoin Cash 6.48% trading.
February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash 6.48% .
January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash 6.48% trading on its GDAX exchange last month.
January 27: The developers behind Bitcoin 1.05% ABC , a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash 6.48% network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC 1.05% and BCH addresses.
March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash 6.48% transactions.
April 16: Bitcoin Cash 6.48% announces Memo: An onchain social network built on Bitcoin Cash 6.48% .
April 19: Bitcoin Cash 6.48% announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash 6.48% .
April 22: Bitpay Adds Bitcoin Cash 6.48% Support to Checkout Point-of-Sale App
April 27: Bitcoin Cash's announces that next fork will add "larger block sizes" and "smart contracts".
May 4: Bitcoin Cash Opposers Scrap Lawsuit Against Bitcoin 1.05% .com, Citing Lack Of Cash
(NEW) May 19: Bitcoin initiates hard fork and adds 32MB blocks and smart contract functionality.
(NEW) May 21: Cryptocurrency investor Brian Kelly said Monday bitcoin cash is the must-own digital currency of the moment.
(NEW) May 24: Mobile banking app Revolut now lets users buy, sell cryptocurrency adds BitcoinCash.
(NEW) May 30: Devere Group, an international financial consultancy boasting well over 80,000 clients in more than 100 countries, has announced that Bitcoin Cash (BCH) have now been added its recently released cryptocurrency exchange app Devere Crypto.
(NEW) June 1: Unocoin (Indian Exchange) lists Bitcoin Cash.
(NEW) June 2: A Bitcoin Cash related charity called "Eat BCH" is setup that is focused on feeding South Sudanese Families with Food Paid for With Bitcoin Cash Donations.
(NEW) June 2: Bitcoin Cash Fund starts new website to push Bitcoin Cash . The website, bitcoincashers.org, is a portal that will educate the masses on what cryptocurrencies are, how it works and how to buy, sell, and trade with these digital assets
(NEW) June 3: Bitcoin Cash wallet HandCash releases Mainnet BETA for Android.This Bitcoin Cash wallet has advantages including the enablement of NFC payments.
(NEW) June 3: JP Morgan internal Cryptocurrency prediction report notes that Bitcoin Cash is here to stay.
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
BCH Distribution Phase EI've been trading off this 4hr BCH chart for a while now with great success.
Key distribution touch points are in place with a weak bounce confirmation of the SOW break being where I added to my short significantly. I took a measured risk with a small entry through the opening LPSY level, added at first test and again on the clear break of SOW.
Pros:
Distribution touch points present
SOW break is clean with a failed second test
Guppy support through colour change on key areas
Cons:
Sell volume not as strong as expected through the channels
Strong bounce at first test breaking higher than I would like from the SOW range
Bounce potentially incoming that will need to be monitored
I'm looking for more downside but the indicators show it may be due another bounce here. A break of the previous high would be a concern for me. It looks likely to fail based on previous weakness of Stoch RSI wedge breaks in the downtrend. My short trailing stops have been established as we continue. I'd be looking for a 0.12 target which has seen signification S/R before.
