Market Maker manipulation or lucky break? And how will this end The "manipulation" refers to the April bull.
Bcash
Short on BCH/BTC through July down to as low as 0.124BCH not looking likely to break trend from recent high and facing key resistance at .154. Fast descending trend line was broken at .124 where we bounced off of strong support. However, I suspect that we stay under the downwards trend and head towards support at the bottom of the channel, likely retesting .124 again.
BCH / BTC Falling Wedge On BCashPossible Falling Wedge on BCash.
Would expect breakout near 50% fib that has confluence with prior swings highs. The swing highs at resistance may flip into supports which will allow the wedge the break upwards.
Target taken from the height of the wedge and applied to the projected breakout point.
Downtrend line since start of May broken; target 0.16 BTCDowntrend line since start of May broken. Edge to edge triggered and Bband breakout on the 4 hour as volume returns after a month of consolidation. VPVR, Ichimoku and fib confluence pointing to a target of around 0.16.
BCHUSD Long Term Set Up: OpportunBitcoin Cash with a lovely inverse head and shoulders set up. Strong support on the 0.236 level with a long term trade set up to the shoulder line. Profit taking levels at 0.786 and 1.0.
BCHBTC also showing support just below the 0.382 level.
BTCUSD Daily RSI still quite oversold, lot of technical room to go up.
Watching BTCUSD move to the top of the triangle, expecting to see BCHBTC to increase so BCHUSD to outperform.
WATCHING FOR ENTRY at 0.618 fibs - resistance becomes supportgood support at 0.618 fibs
also previous resistance
and at a trend line
looking for a break of trend line to the upside.
place your stop losses!
BCH under correctionWeekly chart is reversing bearishly. So, we need to expect the bullish momentum to slow down moving forward.
The long, beautiful rise to 1800 was one of the strongest among high market cap coins. So, it needs to retrace to gain a healthy bullish momentum moving forward.
See the chart below for a better view...
BEWARE WHAT BITCOIN CASH DOESThe last was a very nice run. Bitcoin cash stopped on two important resistance the red line and the upper line of this downward channel.
Break out from this two lines means easy ATH. This is what I will follow with attention. Break Out = BUY
If it fail and it break down the first orange dotted line I think that it can be shorted at least till 890.
The RSI decrease was drammatic for just a little retracement of price. Upward movement could come soon.
BIO
Bitcoin Cash: _The_ coin to watch in May.This is not financial advice, and I have no idea what I'm doing.
BCH Long builder- Going to start building a Long position at green line
- It should keep dipping below this line
- Ill build bigger as it dips and load up for bounce
- Price is strong right now
- Should see good bounce
BCASH Shorts on finex are currently parabolic (possible squeeze)Some big players have been shorting bitcoin cash since 950$ which hasn't worked out very well so far considering its currently at 1550$ which leaves many of those shorts trapped pretty hard (millions of dollars worth of shorts), which leaves me expecting a possible squeeze causing these shorts to collapse sending bitcoin cash up a couple hundred bucks and possibly up to 2000$, (I will personally start building a short position after that happens)
BTC- This a chart of Bitcoin,I mean the real one not bcash!Bitcoin could be rejected from the red clouds above as happened before.
I hope you put your stop losses well.
Bcash Elliot WaveWhats up everybody.
A look at Bcash today after a massive moon shot this week. After this last green candle rise the MACD is showing signs of decreased momentum which should pull back Bcash to the first line of support at 1250 or break down to some stronger support lines at 1130. We still should see some gains after a small pullback as we have finally pulled out of the ascending wedge that's put this market in the red since December.
Remember not to rush into any trades and buy in the red. Set your stop limits also.
practice of my bullshit taOnly publishing this so I can search it up in the future and see how I did
BCH for the winHey guys,
how are you? it's 2018-03-19 15:19 in Northern Europe.
Let's talk about BitcoinCash!
Bitcoin cash as local drunker just reached bottom and taking his very first steps as clean Crypto currencies. His first targets is a bit over 1.000$ and at the summer he will reach 3000$ and maybe more. it depends from the weather.
I really like this coin. i hope it will gain us a good profit and by my very very optimistic scenario it will be 10K or more someday maybe this year. ;)
cheers guys!
