BITCOIN CASH ANALYSIS FOR THE YEAR FOR CLEMENTE!VEMOS A BITCOIN CASH , EN UNA TENDENCIA BAJISTA , DONDE LAS RESISTENCIAS DINAMICAS , HAN CONDUCIDO AL PRECIO EN UN CANAL BAJISTA , DONDE TENEMOS COMO RESISTENCIA PRINCIPAL LA DIRECTRIZ SUPERIOR DEL CANAL , Y RESISTENCIA IMPORTANTE TENEMOS LA PARTE SUPERIOR DE LA VELA PREDECESORA DEL GAP ,ESPEREMOS LA EVOLUCION DEL PRECIO , POR AHORA RECOMENDACION VENTAS , RECUERDEN ESTAMOS EN TENDENCIA BAJISTA!
Bitcoincashusd
Straggler or Striker ? ... hoping not a failure 2k19 :)all is mentioned in graph ( can be long term or neutral )
1. striker in case 2k19 brings some blessings :) .. Augmenting Profits !
2. Straggler some gifts are awaiting ... descent profits though
3. Failure , long pending .. A lot of patients would be required ..
Rules!
Never risk more than your affordability
close deals in case reversal is confirmed at lose of 2-5 percents max.. coz losing emotionally is stupidity!!
Most coins follow same patterns within same time usually ..
Have a Good 2k19 :)
"fingers crossed"
Bounce From the H&S Target Low ($140)Hey everyone, in my last post I called a H&S pattern near the top of the head (where I closed my position at $183) after seeing the right shoulder confirmation I measured the distance from the peak of the head to the neckline and used that measurement at the break of the neckline to find a position to buy ($140) I ended up buying at $140.75.
On a longer-term perspective looking at the daily chart a cup & handle formation looks to be coming to an end, as if this break from the H&S above pushed price down to form the end of the handle, and we are oversold on the hourly. I am looking for a +15-20% trade from this bounce. Good luck to everyone, and if you have another opinion or something to add please leave a comment. Thanks!
Bitcoin ABC FallGreetings from Benice team!
The market has continued to grow on all fronts today, including the coins which are far away from the TOP.
Bitcoin Cash ABC especially stepped up to the plate! It has grown 43% during the day!
It can momentarily drop to somewhere around 100. According to RSI, there is an oversold situation.
SELL signal for the current assets.
Restart purchasing at 100 and 98.
Globally, the coin is worth accumulating a part of the funds in it.
Follow our updates of the idea!
From yesterday’s open at $86.6 the price of Bitcoin Cash has dec
Looking at the hourly chart you can see that the price action formed a descending triangle from which a breakout occurred from the downside. The price went on downwards making new all-time lows for the price of Bitcoin Cash in a three-wave manner and is currently on the horizontal support level where it is searching for support.
Judging by the wick from the downside the level will serve at least as a temporary support but I would expect further depreciation for the price of Bitcoin Cash in the upcoming period as the target for the descending triangle breakout is around $65.
Pivot points
S3 68.42
S2 79.08
S1 82.92
P 89.74
R1 93.58
R2 100.40
R3 111.06
BSV LOOKING DUMPY!!
Bitcoin cash SV has been on a steady decline for a few weeks now
We are currently sitting at the bottom of the support OB and we need to see a bounce ASAP or we could dump down to the next demand zone
We are currently on a descending price channel and have been riding along the top with no break above.
EMAs have crossed over bearish and with BTC on the verge of breaking down from support, we could very well see a failure here and lower prices
Next level down is very important to hold or else we could see a drop back down to 0.0150
Bottom of the channel would put us below this OB indicating extremely bearish PA so something to watch as we approach this support zone
Thanks guys!
BCHUSD - 1D Chart AnalysisAfter the big drop of the market capitalization and negative fundamentals, the price of Bitcoin Cash also had an aggressive movement and became one of the coins which are leading the drop. Looking at the chart, we can easily compare the current decrease of the price with the ones we could see the US Stocks having in the middle of the previous financial crisis.
Well, it's obviously that we have a bearish market as long as the current price it's almost 48% lower compared to it's last "peak" but the technical indicators are a bit in contradiction as it follows:
* We have 2 indicators which are showing that the price has reached the "oversold" area :
-The RSI is 27;
-Stochastic's crossover below the level of 20.
* And another 2 indicators which are shoring that there is still more room for the regress to continue:
-The price didn't reach the lower standard deviation of the Bollinger Band which can also be considered as a Support Level, meaning that it should't have any difficulty in going even lower;
-The MACD is still below the Signal, meaning that there is no reason to believe that the price will change it's direction very soon.
At this stage, if the price will follow the same pattern as in the interval 15th-18th of November, we can expect it to have some sideways movements before it will drop again, with the possible target price at 315$.
Bitcoin Cash (BCH) May be a good 5% move up.Bitcoin Cash has been consolidating in this area for a while. Currently has had a correction down, and if we can hold this area, it should start heading up.
Thanks for viewing! This trade is being taken as there is a long signal.
Keep in mind this could fail, so set a stop loss below the low. If there is a stop hunt, buy back in.
Currently Bitcoin is testing the lows once again. If it breaks down, this trade is negated. The stop loss should get us out beforehand.
Bitcoin CashBCHUSD
Today hardfork.
Have support zone. Moving in the falling wedge.
Next target near 300$
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
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.
There is a probability of resuming the uptrend in BCHUSDMidterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased.
While the RSI uptrend #3 is not broken, bullish 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 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (400.0)
Ending of entry zone (279.8)
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= @497.75
TP2= @637.00
TP3= @748.60
TP4= @832.10
TP5= @945.70
TP6= @1148.10
TP7= @1292.20
TP8= @1610.45
TP9= @1773.75
TP10= @1986.65
TP11= @2890.00
TP12= @4088.05
TP13= Free
There is a probability of resuming the uptrend in BCHUSDMidterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased.
While the RSI uptrend #3 is not broken, bullish 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 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (400.0)
Ending of entry zone (279.8)
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= @497.75
TP2= @637.00
TP3= @748.60
TP4= @832.10
TP5= @945.70
TP6= @1148.10
TP7= @1292.20
TP8= @1610.45
TP9= @1773.75
TP10= @1986.65
TP11= @2890.00
TP12= @4088.05
TP13= Free
Bitcoin Cash breakout comingAfter numerous days of consolidation we are starting to get some volume, If we breakout from the downtrend, we should expect some FOMO.
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!
BCHUSD - ShortEverytime ADX touches DI+ to the upside, price tanks.
Everytime Fisher Transform posts a Crossunder, price tanks.
BCHUSDLONGS are hitting historical resistance, and are seriously overextended.
TD Sequential posts an unperfected Sell Setup.
Draw your own conclusions. Four levels of confluence.
My orders are already in.
BCH gearing up for another run!
BCH hit the supply zone above after its massive rise on upcoming fork news
EMAs have crossed bullish and continue to climb
We have dipped into the demand zone below and could still see price return back inside as BTC does look like it wants to pullback
This would be the ideal spot to enter a scalp long into the fork
Upside targets are still very beneficial as we have seen BCH run up hard into announcements like this
Thanks guys!
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$.