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Bitcoincashforecast

BITCOIN CASH & WHAT YOU NEED TO KNOW ABOUT THE HARD FORK!Hey Everyone! First things first, remember to LIKE & SHARE as always :) BCH is retracing after a massive 22% surge last week. There is much uncertainty in the market as to what the HARD FORK means for BCH. Twice a year the BitcoinCash network HARD FORKS as part of a scheduled network upgrade, so this is NORMAL, except this time it is quite a contentious issue for some people in the community. A hard fork is basically an irreversible upgrade to the BLOCKCHAIN. This is how BCH was born, as a Hard Fork of Bitcoin. So what happens is the mining power moves to the new coin, in the case of previous Hard Forks for BCH the miners have followed and supported the forks so therefore an additional coin was not created. The HASH Power simply followed the Fork. But NOT this time. Due to disagreements within different factions of BCH, this FORK is causing a complete split, and the miners are not all following BCH to the new chain as they have on previous forks. There is currently 3 possibilities on how the system will be Hark Forked. 'BITCOINABC' - offering new features such as Smart Contracts (much like Ethereum) Oracle Services and Improved scalability. 'BITCOINSV' - want to completely replace BCH scripts with their own and increase block size 32mb to max 128mb 'BITCOINUNLIMITED' - this is the peace maker - proposed by Andrew Stone, to implement the features of both ABC & SV to the same coin. AN AGREEMENT MUST BE REACHED BY 15th NOVEMBER. YOU MUST BE HOLDING COINS TO RECEIVE THE NEW COINS Many exchanges are supporting the hard fork. Please do your research as to which exchanges are supporting. Bitcoin Cash trading will more than likely be suspended during the hard fork to wait and see which chain is the dominant chain in this situation. I stress - you must be HOLDING BITCOIN CASH to receive the split chain coins. The pattern on the chart as I currently see it, is in a 4th wave retrace and is missing a 5th wave. %th wave will only be achieved with a surge in buy volume. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
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by LisaNEdwards
18
BCHUSD - 1D Chart AnalysisAfter an increase of almost 56% since the 29th of October, it seems that the price of Bitcoin Cash has created yesterday another "peak" at the value of 648$. Although it didn't bounce back from the Resistance Level of 658$ the drop which started yesterday it's based on lower trading volumes and it seems to continue, as there are 3 technical indicators which are showing that the price is "overbought" : * The RSI is close to the level of 70; * The crossover of the Stochastic above the level of 80; * The upper standard deviation of Bollinger Bands has been reached At this stage, even if the MACD is indicating that there is still more room for the price to grow, it is possible to see a short term sideways movement with big chances to be followed by another price decrease with the target of 557$.
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by ReadBTC
BCH... DOUBLE BOTTOM?Hey Everyone, Just looking at some of the alternate charts right now where there is a LOT more money to be made! BCH is in a triangle and is IMO an easy trade with money management. If you are on an exchange where you can trade Short or Long, this is the perfect setup! With a triangle there is always 2 directions. With EW, I would take an educated guess and say from here we are going up, similar to what i am currently seeing in BTC. IF BCH does breakdown, the target is $300ish. Also as shown on the chart, BCH has formed a double bottom pattern which is usually another indicator we are about to rise here. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
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by LisaNEdwards
1
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
Long
by CryptoEngineering
$BCC $BCH Breakout? #BCASH Breakout or A Fakeout?It's a long time cycle on this Bitcoin Fork. But one thing for sure until today, it's always bounce from the very bottom of it. Once the lowest low touch, it gaining massive upwards which consistently we can learn from the chart that is now quite good time to enter a long position. For non-leverage you can accumulate on my green box. For leverage trader please don't go more than 10x. You need steady gains, not "rich quick, poor quicker" tool. So this is my setup right now. Trade safe.
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by blockchaindedi
BCH Bitcoin Cash: Long UpdateFollowing up on my last BCH Chart: -In case you missed it (also check my profile / notes below): October 30th: "BUT HEY IF YOU'RE BY THE CHARTS... LONG IT... TARGET - .09050 TIGHT STOP THOUGH .06485" *I AM IN NO POSITION - BCH REACHES FIRST ROUND OF RESISTANCE ON H4 - I WOULD TAKE 25% - 50% OUT! // WATCH HOW PRICE REACTS TO FIRST LINE OF RESISTANCE... - H4 RSI is signaling OVERBOUGHT tho... - IF IT SMASHES THRU THAT RESISTANCE OTHER KEY AREAS TO WATCH ARE LABELED ON THE GRAPH! - I would NOT jump into a position either, wait for a confirmed R/S flip - if there is one... Always take when the market makes it available...
BLong
by dulskilla
BCHUSD - 1D Chart AnalysisAfter 2 consecutive days of growth in which it has tested twice the Support Level of 419$, the price has bounced back, following the sideways movement that started after the drop on the 11th of October. Even if the trading volumes are still very low, Bitcoin Cash remains one of the most volatile assets from the major cryptocurrencies, with a daily moving average of 4.47%, compared with 1.46% as much as Bitcoin has. At this stage, the RSI and the Stochastic are indicating a slight retrace of the price but if the volumes will remain low, the trend will stay bearish and it seems it's just a matter of time until the price will test again the level of 419$, scenario which is confirmed by the MACD as well.
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by ReadBTC
Bitcoin Cash at a crossroads! Bitcoin Cash has continued its steady climb after spiking last week to highs of $530. EMAs, however, continue to trend lower while providing resistance along the way. Depending on the outcome of the next volatility spike, both bulls and bears will have their predictions. Bulls will argue that we have respected the trendline support and as we currently sit in the demand zone, a move higher is likely. On the other hand, bears will say that we are forming a bear flag as volume has died off completely on this bounce and our target would almost perfectly be the demand zone below near the 50FIB around $366. Hopefully we get some movement in the coming hours. Thanks guys!
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by CM_Trades
Bitcoin Cash can retest $525Bitcoin Cash -1.66% bounced nicely after dipping into the demand zone around $430 and has made a higher low after bears tried to breach lower into support a few days ago. The EMAs had bounced but are looking to turn back lower again here if we cannot push higher. We just dipped into demand and are currently right on top of the zone and it buyers can step in here and propel us back above the EMAs, we can possibly get back up to the supply zone that was tapped on that spike up Monday. Stops can be placed right below this support area as a break below could result in a retest of the $430 block. As always, watch Bitcoin -0.57% for any signs of weakness or breakdown to exit the trade early. Thanks guys
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by CM_Trades
2
Bitcoin Cash stuck between a rock and a hard place! Bitcoin Cash continues to trend sideways in this range but finds itself right under a massive POC, which currently happens to be resistance. Seeing that we are having tons of trouble getting higher and with the EMAs turning over, we could see price depreciation coming very soon to demand level below unless we get a pop soon. Keep an eye on this supply zone and any further rejection with volume will confirm its strength. Thanks guys
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by CM_Trades
4
Bitcoin Cash hype dying down! Bitcoin Cash has broken below the trendline and is now finding it as resistance sitting on important support. A breakdown from this level could see us revisit the $500 level quickly with the overall target set near $460 on a Bitcoin collapse back down to $6200. MACD continues to trend lower while RSI broke below support but is heading back up to restest the breakout, which could end up being the ideal spot where price could head back lower and RSI return to the bottom for the range. A possible short trade would be to wait for the demand zone to break then take a short position on a retest and fail to break back above the S/R flip zone. Stops would be set above the retest of the trendline SFP and targets are outlined on the chart. Thanks guys
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by CM_Trades
BCH-Rock-n-Roll-Wave Analysis-Extending 5thBITFINEX:BCHUSD is ready to rock-n-roll. This is a trade for the extending 5th wave. The main trading method that I apply is Elliot Wave Theory with some indicators for confirmation. I did extensive analysis in the related idea BITFINEX:BCHUSD -BREAKOUT-EXTENDING 5TH). Review: We have completed Waves 1, 2, 3, and 4 (ending). Wave 3 Extended over 700% of Wave 1. After Wave 3, a rare expanding diagonal triangle formed which according to Elliot suggest that Wave 5 will extend as well. This could be a rare Wave where there are two extended impulse waves. Don't forget that we already completed higher degree waves 1 & 2 (Cycle Waves). Also, it is impossible to know exactly where the terminal point of a extending wave will end. But, we will try our best to figure that out because there is just as much money to be made in corrections. Let's review the charts: We have a Micro-Wave ready to fly... Key target: 1.618 ($562) Anticipated Terminal 5th Wave Target: $760-$725 Turn up the music! Will update. -AB
BLong
by FibMarketWatch
15
BCH - Could the run be over? Bitcoin Cash has been sitting on top of this very strong support level for over a week now and could potentially still break up higher into the supply zone above but we are seeing some bearish divergence developing. Price is currently just slightly above the 50%FIB level and needs to start moving upwards towards the top of the trendline to continue this uptrend. MACD is still nose-diving towards the center line while the Histo is hinting at higher lows while RSI has developed bearish divergence with price, which unless we can get a higher low forming within the next few hours with a price move up could spell further downside for BCH. The short and long targets have been outlined and could take a few attempts to achieve them but they are the main support/resistance levels that we can look for if the price does break out on either side. Bitcoin price will most likely dictate any movements at the moment so keeping a close eye there is very important. Thanks guys!
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by CM_Trades
BCH - Support must HOLD! BCH has returned to the S/R flip breakout area to retest and has so bounced right above it on the 50%FIB level. We need to see a dip into this zone hold for any hope of move upside momentum but those odds might be getting slimmer by the hour. RSI seems to have topped out, hitting resistance and turning over at the moment while MACD hit its top and is about to crossover bearish. This is also confirmed by the histo about to turn negative again, therefore waiting for this next test is crucial. This trade setup was not executed and has been canceled as we wait and see what the next few hours bring. Thanks guys!
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by CM_Trades
BCH - Time to cool off or do we have another leg up?BCH has been on fire since yesterday and we are currently right up against resistance trying to break above. We have found support around the 61.8%FIB level and are trying to break higher but Bitcoin is having trouble breaking out itself. RSI seems to be topping off here and moving sideways while MACD is starting to push up into resistance but might have some juice left for another leg up. A safer play would be to wait for a retest of the breakout level around $530 and see it hold to play a long scalp position, however Bitcoin will dictate as always the price action of the entire market so any weakness in BTC should be taken seriously when trading altcoins. Thanks guys!
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by CM_Trades
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!
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by CM_Trades
BCH - $500 too strong....for nowBCH broke the trendline with decent volume yesterday, moving with the rest of the market but has yet again found it hard to break that $500 psychological barrier on its second attempt. I think it will take a leg higher in BTC for it to muster the strength pierce that supply area before moving quickly to $530 as RSI seems to be turning over right now, which mirrors our outlook on a pullback right now. BTC is the driver, even though some are saying XRP is driving the market at the moment. Don't get confused, Bitcoin will dictate where we go next and everything is looking very hot right now so be smart and patient! You're better off waiting for a pullback where the S/R flip occurred near the demand zone than doing anything here. Thanks guys!
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by CM_Trades
Bitcoin Cash bullish bias: 1 hour timeframe wave analysisThe 1 hour timeframe of Bitcoin Cash (BCHUSD) is labeled in this analysis with price swing from June 28, 2018 to July 18, 2018 identified as a regular flat (3 wave) Elliott wave structure. This is currently followed by further correction as labeled on the chart, which implies a higher price for Bitcoin Cash (BCHUSD). Correction that originated from July 18, 2018 downwards is expected to find support within the region of the horizontal blue lines indicated on the chart (i.e. 749.30 and 700.0). These are the 100% and 138.2% retracement of wave a by wave c respectively. The arrow indicated on the chart shows the trajectory for price if Bitcoin Cash finds support in the region mentioned above. Target for the trade is placed between ~984.60 and 1009.70 at which point Bitcoin Cash is expected to encounter resistance. Point of invalidation (POI) of this analysis is a price close below ~669.60 at which point the assumed wave c would have retraced 161.8% of wave a.
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by Coin_Analyst
2