bch/btc 0.016 sats????So the diving continues with this coins. Charts showing its a got a bit more to go. As always protect your crypto and dont rush into anything
------If you have any coins that you would like Me to check out just leave a message and I would be more than happy to check them out for you------
------If My charts have helped you and you are feeling generous-tips welcomed :) thanks------
Btc- 1HrzkkMTJZHvLxgutmNT9qNAussZwSBrf8
Ltc- LNhiQ2uEjUhy8UwmXUk1sgA9ZSXqSBkKRV
Eth- 0x85a2db972B76b8d8eAB52F77aB499CD5F74eDfaF
Bch- qr44ltflnphqprc34lmg9nz5zcr6dy0wdcqvx3q9u8
Iota-XTFHKGXUVPTQXFKLWDILPIYASLUIMK9GIJOGXACLEIPIOJI9LVYPGWDYCREXZCEYZ9MZLJJXPYDMRWWTYOYRKBZCCW
BCHBTC trade ideas
BCH - Call 911, BCH is on life support! Looking at the daily chart for BCH/XBT, we can see that it is sitting at a new all-time low. The price action has been in a falling wedge since last year and is currently sitting on its last line of defense. Nevertheless, there are some positives. The daily RSI is oversold at 26 and is due for a bounce. Support can be seen on the MACD and price chart.
BCH tends to have a knack for pumping hard at low points and then slowly selling off its gains. This may be an ideal time for a low risk-high reward trade. Buy at this level and have a tight sell-stop. The target price is the upper boundary of the falling wedge at .08.
Current Price: .0418
Buy - .04-.05
Target - .08
SL - . 039
Let's see if we can bring some life into BCH!
Cheers!
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.
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