BCH/BTC looks like in a long triangle and just hitted bottom!Hello traders!
I really am taking a look in some of the BTC pairs right now since my focus is mainly on trading on Bitmax!
now.
I see a nice long position here and long term trade. the first target would be around 0.14321, where the really nice RS is and if we dont break that, this could mean tha we are going even lower and break the triangle...
Slo_crypto
Bcash
BCash ready to dieMaybe one last pump for roger and jihad, watch for mempool spam of lightning testnet FUD
BCH/USD H&S and a short? Hello traders!!
I have taken a look in to BHC/USD again after we did a short from 1500$ to 1200$ and reached the first target!
Now as we saw in the previus post the actual target was 800$ but for that we must bounce back down here at 1275$ area and if don't we could break out of the channel!
I did comment on a previus post that if u are in a short position you need to take some profit at 1200$ and now if u are still in a trade the stop target is at 1340$. if we cross that on the upside u should close the trade!
Take notice that right now would be a perfect entry for the next short but we need to get some indication of a bear first! so wait couple hours or a day and this could be ready to drop to 800$ and we could make dubble bottom or even go further who knows?
Note: BCH is really similar to BTC at this point!
Note 2: The % from a neck line to the head is the same as from this point to 800$ area.
Slo_crypto
Descending broadening wedge on $BTC weekly...Very bullish wedge here. Broke through resistance at the .382 fib after shaking out the weak hands and trapping shorters. Also if you look at the monthly the sight of the hammer/wick has me very bullish as well. Monthly close above $11,500 will send us towards the red box for my first target of the year.
$Qwark against dollar still proposing a bullish continuation...Qwark loads will be available tomorrow and this is starting to look more bullish against the USD.
Bitcoin Cash (BCC / BCH) vs BTC & USD (160-400% Potential)Bitcoin Cash (BCC / BCH) started moving yesterday, it started to move, started to move strong. This completely changed the charts and gave us an opening to a new trade, even with these declining markets... Let's see what we are looking at here, but first, why is Bitcoin Cash price climbing when everything else is going down?
You know how big and easy news move this market, the cryptocurrency market, and there are big news for the Cryptocurrency community. There is a conference in Mexico from the 15th to the 18th February where many cryptocurrency experts will attend and give lectures about the cryptocurrency markets and other important topics. It turns out that Bitcoin.com, owned by Roger Ver, Bitcoin Cash main guy, is the main sponsor of this event. Making it basically a Bitcoin Cash sponsored event, so this can be one of the reasons the price started to move up suddenly.
*** Indicators
- On the chart above you can see how the MACD just crossed over and it is trending upward. You can see plenty of room left for growth. If more momentum builds up, Bitcoin Cash has the potential for a very strong run.
- The TD indicator is giving us another positive signal. We just started a new green count after reaching a full 13 negative count, this is a good sign, we will know in a very short few days how exactly this trade will develop, no need to wait long.
- Bitcoin Cash movement started after reaching a bottom @ 0.1206, a price that hasn't been seen since December 19th, almost two months ago. So basically two months of retrace and consolidation from our last run... We traded that one as well. It was a profitable trade.
- The price broke and remained above the EMA30 & 90 price line, this is a very positive signal. This was a resistance point that was easily broken and will now serve as support.
- The weekly chart candles, chart formation and overall picture, gives us room for plenty of growth. Closing this week positive can give us the next week a strong run. Let's trade Bitcoin Cash, let's make some money with this coin.
- The fact that Bitcoin Cash broke free from Bitcoins hold, is also a positive signal.
Note: There are some bearish signals for this trade, so this isn't 100% bull time but, this is a trade that can be done. Keep your stop loss and watch and... Let's Trade!
*** Trade Instructions
Buy-in: 0.144 - 0.178
Targets:
(1) 0.196
(2) 0.240
(3) 0.312
(4) 0.427 (All Time High)
Stop-loss: 0.139
*** Message of the day: Inspiration
I am inspired to tell you how good we do, you do, when things don't go our way.
It is good to learn to prosper, even when things are not looking so great.
Times change, the season passed. Don't worry about the summer, winter won't last.
Time is today, the world seems so great, why not take a minute, to cherish yourself?
Why not take a minute, to develop your Soul?
Yes, take some time off, to know who you are.
Thank you for your continued support.
Namaste my brother, such an incredible beautiful Soul.
P.S. Please allow this trade time to develop. :)
Patience is the key to success, here and everywhere else.
B-CASH making it happenWould love to hear your opinion. what do you think of this setup. Will B CASH find the support or will it continue down?
BCCBTC - BitcoinCash/Bitcoin Coinbase EU & GDAX Price PredictionI applied Fibonacci Retracement to the Elliott Waves (which all follow the rule to my knowledge), with Wave 5 being the exception as I predicted that with that last time BCC got listed on Coinbase. The support and resistance is calculated from the behaviour of the coin in the last few weeks. The timing is based of an average of a-lot, and I mean a-lot, of Fibonacci Time Zones, along with the times that Coinbase EU & GDAX will list BCC.
BTC: 17Jy8drNeGP5QgUfFSa4ZxxiEGpAgywtZe
ETH: 0xb2401351b54db536e827f1809a3c01d0187ecdda
LTC: LTaXgLiBwgGapqisnnVMe6bmW6XqhNcTve
BCC/BCH: 17Jy8drNeGP5QgUfFSa4ZxxiEGpAgywtZe
Bitcoin Cash LongBcash upside break. Say what you want. Trade what the chart tells you. Target and stops shown.
BCH: BCash Following BTC POLONIEX:BCHUSDT appears to be following BTC in the current rally despite a previously inversely correlated relationship. BCH has broken through the one major resistance point on the down trend and is heading for another one, experienced some pullback, and has broken through the (minor) resistance on the pullback and bounced on the 200MA on the 4HR. These are all bullish signals and considering that BCH is currently moving up despite BTC bleeding the rest of the market, it would appear BCH is preparing for a rally of its own. A restest of resistance at 100Ma and .05 Fib can be expected.
ROGER VERTICAL BCASH 50% profit easyBCASH looking like it could potentially pop out of descending downtrend resistance line. Look for break out on increasing volume.
DAILY RSI looks good, MACD could be a bit more convincing so if you feel more comfortable wait for the daily MACD cross. STOCH looks good,
Take profits in zone A B and C
Stop loss for this trade should be placed @ 2032 below the last swing low.
LINES were drawn on the 4 hour time-frame this is why they might not look accurate but they are :) also we got a 4 hour MACD cross
Bitcoin cash ... who are you?Bitcoin cash is deciding his future.
It seems like it have a very strong hand. Bitcoin a weak hand. The pot is big. Perfect scenario to reverse the stacks
But who knows maybe they are just bluffing.
Let see what happen but be ready to increase your percentage on bitcoin cash if you still did not .. or decrease it!
BCASH Tightening RANGE about to POP??Is BCASH going to break bullish . Lets hope so.
Again buy on break of 2905 resistance and look for increasing bull volume to confirm the move.
Take profit in Zone's A between 3700 and 4500 roughly
Happy trading.:)
Bitcoin CASH a FLAG is coming I can see a flag is coming watch carefully for stop lost 0.180 - 0.184
Have a nice year.
A few things I'm watching todaySo after Coinbase's Bcash fiasco yesterday here are a few things I'll be watching today.
1. Coinbase is allowing trades on Bcash again at 12(the vertical line) in post only mode. Since they halted trading last night it's entirely possible Bcash bag holders will take the opportunity to dump. It's also possible people who couldn't get in last night will pump Bcash. As Bcash and Bitcoin are strongly inversely related I won't be in any positions until after 12 today.
2. The horizontal support/resistance lines I drew yesterday seem to be significant, so I'll be watching for a bounce in either direction off those.
3. A break of the diagonal resistance line(bright red) that has held down the price since the top would be very bullish.
4. The 4 hour Tenkan and Kijun are looking like they might cross bearish for the first time since November 11th. This is pretty bearish but it's worth remembering they crossed bullish 4 days later and the price went from ~7000 to almost 20000 since then.
$BCHBTC - Potential long term 175% gainBCH has reduced significantly trade volume and price has been severly depressed.
This symbol has been consolidating in a triangle for about a month following the explosive rally.
Bullish scenario
There is potential for a total 175% gain, it is safer to take profit along the way at this retracements:
- TP1 +90%
- TP2 +108%
- TP3 +175%
A strong breakout with solid volume and confirmed by indicators is a must for a safe trade.
It is also advisable to trail the price with your stops to avoid sudden reversals typical for the volatility of this asset.
Bearish scenario
If we break downwards we might see a flash crash similar to what happened to NEO (see my previous analysis)
So I recommend to stay away in this case.
Trade Safe