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Bitcoin Cash / Bitcoin

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BCHBTC trade ideas

BCH – Bitcoin Cash – massive volume on Binance – google trendsHi Traders! Probably most of you already have heard about BCH hard fork. Yes, there will be a new token called BSV. Currently, only 4% of the miners said they will be supporting BSV which makes it sure that BCH would be continued with almost all capacity and power. New token will be supported by Binance, Coinbase, Poloniex (so far). Existing Bitcoin Cash holders receive a new 'free' digital asset 1: 1 for held BCH on the date of the hard fork. So these are positive news from the market. Here are technical analysis details: • The price level is the lowest since a year • Bullish double bottom forming • Weis Waves – diminishing supply and growing demand • Volume on Binance – 17500 BTC, the next to volume ETH/BTC with 6500 BTC • Ichimoku Cloud - Tenkansen (red) crossed Kijunsen(blue) and the chart crossed Tenkansen as well. The chart is over the cloud which is very positive. • MACD – positive divergence • Visible Range counted from the beginning of the year – far below the fair price which is at 0.156. It is likely to go as high as the top of the Visible Area where 70% of the transactions were made. It means the owners are not willing to sell below the level they bought. • We had last peak at 0.09 which is crucial level to break • All 4 EMAs has been broken on the daily chart – EMA (9,21,50,100) • Today’s long candlewick suggesting the market doesn't accept the lower price. • Google trends – second highest level in the 3-month time span – might go even higher as these data come from 2nd of November Set your stop-loss at 0.082 What are your feelings towards BCH and this hard fork? Are you in? Be careful with that trend as BCH is very volatile. Don’t forget to set your stop-losses. If you like our job please give us a like. Don’t wanna miss the update = click follow on our profile. WE TRULY LOVE YOU GUYS! <3 <3 <3 MASSIVE Hugs! WBM Team.
Long
by WBM_Team
Long on Bitcoin Cash vs Bitcoin before the volume kicks in"But most of all because to be a theorist you have to admit the possibility of being wrong – the provisionality of knowledge” “And here lies a delicious paradox: consent grew more powerful the more economic life was financialized. And as finance grew in importance, the more prone our societies became to economic crises. Hence the interesting observation that modern societies tend to produce both more consent and more violent crises.” “All dynamic societies founded their success on two production processes that unfolded in parallel: the manufacturing of a surplus and the manufacturing of consent (regarding its distribution).” ― Yanis Varoufakis, The Global Minotaur
Long
by noam_chom
2
Long-term TrendBitcoin Cash is looking bullish in the long-term. We have found support on the 0.786 Fibonacci retracement level. This support line is very strong especially because it's on the border line of the small and big volume node, meaning trades were abundant above the support line but whenever it touched the support line it bounced back up or it needed a big volume to swiftly pass it. We also have a huge ascending support line coming from last october. Then we have a descending wedge which is often a bullish sign. I believe we have a ABC correction wave within this wedge. We've hit the top resistance line of the wedge three times, usually the breach occurs on the forth time. This is BCH/BTC chart, so if Bitcoin goes up together, we'll see massive profits. Good luck with your trading :)
Long
by skyunlimited
[BCHBTC] Bitcoin Cash Bull Next [133% – 433% PP]Bitcoin Cash (BCHBTC) is the next in line. All the signals are there, only the catalyst is missing. Bitcoin Cash is a solid project, is the first Bitcoin hardfork and it has a very bright future. This is a solid altcoin to hold long term and you can expect massive gains once the next bull run comes. Let’s start by looking at the weekly chart, no indicators this time: This is a weekly chart. Each candlestick is equivalent to 7 days. The brown line at the bottom is where Bitcoin Cash found support recently (Sept. 18). This same brown line is the price level that held BCHBTC price back in August, October and December 2017. This is a strong support for BCH and after it was touched a strong bounced happened. We notice the wave up, wave down pattern and we can see the price declining from May all the way to Sept. We complete a negative nine count on the TD Sequential and follow up with a reversal candle and a new count. After a very long and strong wave down, comes a wave up. It can take a while longer before BCH goes on a positive trend, this will be marked once we break and close above EMA10 (blue line) on the chart above. On the shorter time frames, you can see a huge increase in volume and additional bullish signals such as MACD bullish divergence and bullish RSI. We will position ourselves now for the upcoming wave. Trade instructions for Bitcoin Cash by Alan Masters Buy in: 0.0771 – 0.0813 Next support: 0.0753 Targets for BCHBTC by Alan Masters: (1) 0.0911 (2) 0.1031 (3) 0.1161 (4) 0.1311 (*) 0.4271 (All time high) Stop loss: (1) Close daily candle below 0.0716. (2) Close weekly candle below 0.0656 (this is a stronger stop loss for longer term traders). Capital allocation: <20%. Note: Big market cap. coins and solid projects allow for big capital allocation. If your strategy is for long term, low risk, you can trade coins such as LTC, ETH, BCH, ADA, easily and without much risk. If you have a small capital and want to increase your total Bitcoin holdings, then smaller cap. coins, with higher potential yet higher risk, can be traded. You can also have a diversified selection of altcoins where you have small and big projects. Short, mid and long term as well as low and high risk… It all depends on your own financial situation, trading strategy and lifestyle. Choose what works best for you, what suits your own needs… And of course, feel free to contact me if you have any questions. Namaste.
Long
by AlanSantana
9