Bcash
BCHUSD: Ascending Triangle With Daily Moving Averages Coiled UpAscending triangle drawn on 4hr chart (similar to LTCUSD as well as ETHUSD ) and applied to 1 day chart due to relevant moving average resistance above triangle to be cautious of. A move above $313.30 would create a new swing high while breaching the 50 & 200 Day MAs (that are trying to bear cross) making the trade a position worth risking. The measured move for the breakout is $346 (+10.5%) with a 2.3 ratio. BCH is still btrash though.
BCHUSD tradeWon't take it but interesting.
Price is sandwitched betweet to weekly SR levels.
Indicators are giving mixed signals.
Bullish channel of HHs-HLs, double bottom near trend-line breakout.
Bearish retest of bearish breakdown. Retest of bull breakout possible.
BCHBTC pair looks like it will do a bearish retest and fuck of 25%
If BTC does 20% to 8k level that would align perfectly with BCHUSD 45% drop .
Make Or Break For BCHLooking like Bitcoin Cash is in an area of interest. Possible volatility coming with it perched close to the resistance of a key area on the 6 hours.
Rejection could see a drop-down to the pivot (depending on Bitcoin stability) however a breakout could see it reach levels from the start of July.
BCH/BTC
- Still on the larger part of bearish channel trend.
- See the chart to see detail for upcoming resistance and support for short term.
- Indicators remain bearish for now and extremely oversold on 1 day chart, i expect a bounce in near future.
- DMI : -DI (seller power) is beginning to stalled,+DI (buyer power) and ADX (momentum) is still weak.
- RSI : Currently entering the oversold area.
- MACD : macd line is hovering on bearish area yet the histogram seller is appear still continue it's pressure for now.
peace._
I Can't Believe It's Not Bitcoin! - BCASH! (BCH)Why buy BITCOIN when you could have the next best thing?! The Chinese Knock Off version!
But Crypto is throwing a party and everyone is invited - yes even YOU BCASH! Just don't throw up in my kitchen like last time.
This King Club of Turd Sandwiches, is somehow still around, and what...BULLISH?! Crypto, you wild!
Well anyways, I don't have a whole lot to say about this, I don't like trading this coin but someone asked me to take a look at it, and this is my take from a technical standpoint, on BCASH.
Long a breakout and make sure to take profit. Short the breakdown. Either scenario is very possible because of Bitcoin right now. I don't even want to go further. I don't even like being reminded this abomination even exists.
BCHBTC to New All Time Low. 90% drop short opportunity.EW count says it all really. Target is 0.003232, or a 90% drop from here over the next few months.
First target will be the 0.026 region. Depending on the bounce there, we can decide if this 90% drop scenario will play out. Stop should be on that white line.
A closer look at the elliott wave count. Note that we broke the upwards sloping support and there is literally no support from here. (Note that waves 3 and 4 are speculative at this point as we don't have a definite price point to measure it from yet, but this would be based off of fib levels from wave one to wave 2. I expect the white line sloping down to act as pretty strong resistance, which can give us an idea of time frame for this trade. BCH could turn bullish again if it broke this line.
MACD looks like it just suicided off a cliff.
Meanwhile, here is the USD pairing. Clear huge bearish wedge forming. Although in my opinion this one seems less bearish, it STILL makes sense to short the BTC pairing, assuming that BTC continues its parabolic move up, because we would not expect BCH to move up more than BTC.
...
However, if the daily closes like this, it's best to lower the stop loss.
That's all from me. Please be careful with your trades and good luck!
Please don't forget to leave a like!
BTCUSD | Watch For Big Market BreakdownBitcoin is hanging at the top edge of the no trade zone established over the last 6 months, this is a classic area for price to turn around so watch for a big market breakdown around this $5,235 price level. If you have been following my trades you will see that I have flagged it as a good shorting level.
As well, we can see there is a formation (red line) spanning the entire length of the bear market that used to be strong support but is now resistance; bitcoin is unlikely to break it on it first try around. The confluence with the top edge of the no trade zone reinforces the idea that this a convenient area to short the market.
Turning to the Gann lines, we can see that bitcoin cleared the 3/1 Gann, but it remains untested. It is unlikely that the 4/1 Gann will be breached as a result. Testing the 3/1 Gann line means descending below $3,843, but this is a bearish confirmation level which will induce plenty of selling.
The declining trade volume on the CM indicator supports the bearish picture, so I expect bitcoin to retrace sharply with increasing volume to around the $2,000 level which would complete a symmetrical corrective structure ("measured move") that is common in crypto.
How to gauge the measured move?
A corrective structure can be measured on the weekly log chart, where we can see that the all time high of approx. $20,000 to $6,000 was a -67.74% move. Now if we extend that percentage from the break of support at $6,000 we get a measured move target of $1,991. Since there is a downward slope to the support/resistance level we can also estimate a measure move for a "wick target" of $1,740. So be sure to pepper some buy orders around that wick target ;)
PS. Bitcoin dominance looks to be very bullish, so expect altcoins (ethereum, litecoin, etc.) to drop even harder than bitcoin.
invest wisely, Do not panic!Hello traders!
ABC/Bitcoin cash currently testing a support level, in case it drops from green line it will bounce within pink parallel channels before it finally drops to Red resistance level .
We havn't find the good entry point to enter,
I repeat , DO NOT PANIC !
invest at your risk!
Good Luck!
remember the other forks of btc dark bch bchsv btg and prob morethese things at time had inverse relations ships with btc as well as have very strong trends when not in consolidation patterns
I ve tried to get in BCHSV at what i thought were bottoms which faild been stopped out of a long trade for 200% percent to the upside 3 times maybe 4 but dont think that means that it wont happen thats its just not happening think for prospective bch in the bull run when bch went from 200 to 2k in a few weeks... it showed strong opposite correlation of btc which bchsv is starting to show again
BTC-BCH Bitcoin Cash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2017 ( 3 / 10 )
Volume 24 H : 48000 BTC ( 7 / 10 )
Available Markets* ( 10 / 10 )
Social Media Rate ( 8 / 10 )
Ranks ** 4 ( 10 / 10 )
Website ( 8 / 10 )
Type Cryptocurrency
Overall ( 8 /10 )
PLANNED NETWORK UPGRADE on Nov 15, 2018. It might pump a bit before this date.
I did my first 10X on this coin! It was a huge success! Sold it around Nov 2017 and dont touch it since then.
It is come to buy it back around 0.07 and 0.05 ! When Roger Ver comes to the stage, No one can hold Bcash .
You can also wait Bcash to break downtrend line line and let MA 50 to pass MA 100. Be careful, BCASH Pumps so quickly. That's why it is a good time to accumulate some Bcash right now at this level.
$300 - $450 levels are always great levels to buy it for the long term investment.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
BCASH Possible Double TopBCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH