2019: THE YEAR OF BITCOIN CASH pt. 2My technical view of whats going on with BCHBTC . Chart is pretty self-explanatory. Let me know if you have thoughts.
Best of luck
BCHBTC trade ideas
BCHBTC Bull FlagOver the last month or so, we saw LTCBTC leading the way out of the crypto winter.
It had 2 consecutive bull flags, That was easily traded.
Now i see Flag on both BCHBTC and also on BTCUSD.
Is it the same route we will take now?
I believe so.
This is within the next 2 weeks
BCH min. 80% opportunity - BIG BREAKOUT IS COMINGBreakout will be soon. Buy, place stoploss at 422xx sats. and hodl min. for 80%.
Bitcoin Cash getting ready for a breakout?Bitcoin cash continues to hold very stable compared to most of the market and is still fighting with this key level and .052 resistance, but each time if has been rejected it is making higher lows, leading me to believe this could break upwards as this level breaches, as the more times it is tested the weaker resistance becomes. I would look for next resistance level around .064 sat. Would be very bullish if BCH can break through .052, then fall back and retest it as support before moving higher to the .064 level, so I think bch is one to watch very closely right now. Support wise a break below the .048 level would be significant and a signal of a potential move lower, so watch these areas closely.
BCH to cash?While everyone is thinking of BTC and ETH this one is quitely making moves. Available on all exchanges including coinbase. I think BCH is making some moves here, if you remember the last runs we had this was in the thousands so atm it is at a good discount. I think for now we are going to hit the pivot point #3. I want to be holding BTC while it is moving up, I think this will out preform BTC so holding mine in this for now. There is bearish divergence on oscillators so it is not a given it will move the way we want. But there has been good buying action, but a pullback enter a stoploss and things will hopefully work out.
vs Money
A Good Place To Make Some GainsDuring long downtrends if you are like me and enjoy riding the uptrend wave more than making menial gains on downtrend retracements look to alt coin/BTC pairs usually during crypto wide downtrends they are a good place to make some gains as they will trend the opposite direction of the norm. Not to hard to average 50 to 100 dollars per trade during the lulls.
Good setup and good opportunityBCH have two long good setup against $ and BTC.
Play this one vs BTC.
BCH BTC - Long - suitable for BitmexFor the first time in history we have a golden cross (50MA orange crossed 200MA purple) on the daily chart.
Looks like a double bottom is forming.
Bullish divergence on the smaller timeframes.
Once it reached the green box then I will long BCH.
Lets catch the starts :)
A close below +/- 0.042 would make this this setup invalid!
ALWAYS use stop loss!
Like & follow if you want to see more nice setups!
BCHBTC Bitcoin Cash 1D/1H 5/8Looks like bitcoin cash is close to a bottom on the 1 hour, stoch RSI oversold. Daily Support with momentum oscillator in green.
BCHXBT Kraken~ This is how I think, might play outHi Folks,
Bitcoin Cash falling like no tomorrow. I think where is Demand Zone from there we might see trend Reversal. If not it will go to the second demand Zone.
I would not be even surprise if we see bit Pin bar to go through two demand Zones.
Don't set Buy order and wait for confirmation. As we have falling almost on all of coins and we made Lowest Low.
BCH Long - BCHM19 Long BitmexBCH holds support above the daily 50 EMA & 100 EMA. Potentially it could form a golden cross.
RSI on the daily is > 50. Which means that bulls are in control here.
Bullish continuation on different STF.
On Bitmex an entry around 0.0413 would be ok.
Point of invalidation @ 0.0395, set here your stop loss if you trade on Bitmex.
Target 1: 0.050 Target 2: 0.063
Leverage max 5.
Nice RR of 4.5 which is baded on target 1.
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2019: THE YEAR OF BITCOIN CASH2018: THE YEAR OF ETHEREUM linked below.
Bitcoin Cash to gain 15%-20% total market dominance in 2019.
Comparing Ripple 2013-2015 to BCH 2017-2019:
2013: Ripple created
2014: Ripple 2% dominance: ibb.co
2015: Ripple EXPLODES to 15%-20% dominance: ibb.co
2017: Bitcoin Cash created
2018: Bitcoin Cash 2% dominance: ibb.co
2019: Bitcoin Cash EXPLODES to 15%-20% dominance: TBA
____________________
Bitcoin = digital Gold
Bitcoin Cash = everyday transactions
Bitcoin supply = 21mm
Bitcoin Cash supply = 21mm
Bitcoin consensus = SHA-256
Bitcoin Cash consensus = SHA-256
Bitcoin on 71% sale from ATH
Bitcoin Cash on 93% sale from ATH
____________________
Benefits of Bitcoin Cash: no fee (very small) and can scale.
Bitcoin Cash end goal: 50 transactions a day for 10 billion humans.
December 2018 Earth population: 7.5B approx.
____________________
If the crypto market cap remains at $173B for the rest of 2019, BCH will see a $26B - $35B market cap and hold 15% -20% total crypto market domination.
Bitcoin Cash Analysis - A New BeginningSeems to be positive trend getting formed which might be a start of a new trend. The Bitcoin cash price seems to be moving in positive direction relative to Bitcoin which sends some positive signals for the altcoin. Anything below the red trend line marked will invalidate the bullish movement and might be a start of a new bear market.
So the strategy to trade is to buy the Bitcoin Cash ABC, with stop loss of 0.4500 which is below the crucial red line marked which will invalidate the trend marked. The sell position will be between 0.6250 and 0.6550.
Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.
BCHBTC- Looking for a break above .052 for continuation of uptrend.
- Potential Gap Fill for ~50%
- Break here would mean a visit to .041-.043
BCH/BTC nearing ATL. Long if it doesn't break into a new ATL.BCHBTC is nearing all time low. Long if it doesn't break into a new ATL . Stoploss at trendline . Entering after it shows life after hitting trendline . Consider BTC before entering.
BITTREX:BCHBTC
BCH/BTC nearing ATL. Long if it doesn't break into a new ATL. BCHBTC is nearing all time low. Long if it doesn't break into a new ATL. Stoploss at trendline. Entering after it shows life after hitting trendline. Consider BTC before entering.
BCH trade idea:BCH trade idea:
Looks decent on lower timeframes, if I were looking to long, I'd wait for a retrace to green support/99MA below if the opportunity arises. That or a break and close above r1.
