BCHBTC trade ideas
Bitcoin Cash - Coinbase All Time High Volume SpikeOver the past week, BCH has seen numerous large volume spikes one of which resulted in an All Time-High volume on Coinbase.
These large volume spikes were no doubt fuelled by uncertainty and volatility presented across the market by the most recent Bitcoin and Ethereum drop and could very well present an opportunity for short to medium term profit.
As you can see from my Technical Analysis, BCH short-term price action is currently sitting in a steep falling wedge due to the most recent market sell-off.
This type of steep falling wedge is very unsustainable if we factor in how low BCH is from previous highs and price action in September.
This presents us with an opportunity to scale in around support levels or after the falling wedge has clearly been broken in hopes of short-term profit.
The following values are purely my short-term trading values for BCH and should not be construed as financial advice.
Accumulation Zone 1 (support) - 0.07500sats
Accumulation Zone 2 (support) - 0.06750sats
Accumulation Zone 3 (breakout) - No specific value, wait for clear breakout.
Stop Loss - 0.06400sats
Targets - 0.09000sats, 0.10400sats, 0.11500sats
Clear ascending support formed on MACD on the 4h, and 8h.
Due to the recent high volume spikes if you wish to follow along with this trade you must ensure you stay up to date with real-time price action and practice efficient risk management.
BCHabcBTCA 50% decline trading around 0.052BTC and even touched at 0.044BTC, where trading volume entered and changed the trend for the short term as can be seen in the graph. Resistance in this range at 0.056BTC
BCH - Hitting all-time lows and support. Time for a bounce?Before I begin, I would like to preface that this is not a trading market with Bitcoin as bearish as it has been. As such, BCH will likely continue to be be negatively affected if Bitcoin continues its descent. However, BCH appears to be hitting several support levels all at once. First support line comes from the falling wedge that BCH has been in since this time last year. Currently, the price is approaching the bottom support trend of the wedge as well as hitting the all-time low. The Stoch RSI and RSI are indicating oversold levels. Bullish divergence can also be seen on the daily. The MACD has also broken the zeroline. History has shown that practically every major BCH run has occurred when the MACD breaks the zeroline. We may be in for a short-term bump to the upper boundary of the wedge at around .08. A breakout beyond this resistance level could be a very bullish indicator. But I cannot stress enough that this is Bitcoin's show at the moment. I would be watching for indications of reversal in the price action, not just the indicators.
BCHBTC Cashwar in progress!Cashwar/Hashwar!
cash.coin.dance
Bitcoin is losing difficulty (hash power) making it cheaper to mine, thus allowing miners to sell the price down and still make a profit!
All the while Bitcoin Cash (ABC) and Bitcoin SV is pulling hash power, causing BCH to be mined for a loss.
I'm not in favor of the SV chain, so I'm glad the ABC chain is longer, has more proof of work, and more hash power.
However there is no telling how long this will last. Lots of controversy in the community, hopefully we will come out stronger in the end.
BCH ANALYSISBCH/BTC(COINBASE) ANALYSIS
next off we have bch against btc, its pretty similar to what we have seen in bch/usd , the targets for this retrace are likely around 0.079-0.08 and I will be looking to short with a target of 0.072 and stop at 0.0805 for a nice risk to reward on this setup #batman
BCHBTCBitcoin traded around 0.084BTC Resistance in this range around 0.088BTC. The peak was at 0.098BTC and this week there is a change of trend in light of the fork, as can be seen on the graph.
$bchusd #binance #cryptocurrency #coinbase #ico #news #proBitcoin cash formation H&S... Pump and Dump
BCH bull run before forkimpulse move up after W bottom formed. Broke above bull pennant and currently consolidating for more upward movement. Targets on chart.
BCHBTC - Short Fib PlayPremise:
1. A retrace to the OTE will occur in more than 3 candles from now
2. A bearish divergence will appear at or inside the OTE
3. The local trendline support will be broken decisively with volume post entry
Execution:
1. 1:1 entry at 0.0955 and 0.0965 respectively
2. Stop : 0.09816
3. Target 1 (Demand zone locally) : 0.0867
4. Target 2 (Full retrace back to bottom) : 0.0653
Result:
1. A trade of RR 9.84/16.12 : 1 is completed.
BCH finds support before going higherLooks like we have a strong support before moving up to the next zone. Chart is pretty self-explanatory.
BCH: Is Roger Ver about to be laughing or crying?Historically we have bounced from this support/demand zone, a close under and BCH could dump off, or it could be a fake out before the bull run.
Watch for a confirmation of bounce of the demand zone, MACD cross as confirmation of reversal.
Normal RSI is looking good. I think the stoch can come down a little bit so we test the demand zone again.
Bitcoin Cash a week before hard-forkI'm bullish here, bitcoin cash hard fork news has not caught legs yet
when ppl find out they can get two bitcoin cash for bitcoin as confirmed by coinbase/binance...
poloniex even has trading pairs already up that's interesting lol
eyeing 0.12 to high as 0.15 leading up to the hard fork
Like the R/R here
there's so much hatred for Bitcoin Cash and shorting it is becoming a popular trade, gives plenty of fuel for the run up.
Breaking down below the purple box or something drastic happening with the hardfork would invalidate this idea
Looking to hedge at these red circle areas around resistance blocks
popcorn time
BCH: Feel sorry for you if you brought the top of this pumpBCH showing Bearish divergence on 4HR and RSI pivot on 1D..
looks soon this baby will come down crashing
Bitcoin Cash found the bottom. Time to BUY some coins.BCHBTC
BCH it's another great coin to invest in. As you can see, we found the bottom and we are expecting to rise from the next week.
