Bitcoin Cash in anticipation of new hard forkCoin of the day Bitcoin Cash
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
"Before we see mass adoption of cryptocurrencies, we need to see a significant reduction in the time it takes to process transactions," said Coelho, CMO of Flashmoni, a blockchain company creating financial solutions for the unbanked and underbanked.
Bitcoin Cash was created with these considerations in mind, using 8MB blocks instead of the 1MB blocks used by the more traditional Bitcoin.
Upcoming Hard Fork
The upcoming hard fork (known as Bitcoin ABC), scheduled for May 15, will give Bitcoin Cash 32MB blocks, expanding its capacity for processing transactions.
The update also will make available to execute "simplified smart contracts" on the bitcoin cash blockchain.
This particular bit of news is what is driving market excitement around bitcoin cash.
The fork will also remove the Segwit protocol, short for segregated witness, the process by which the number of transactions in a block can be increased by moving certain signature data from transactions to the end of the block.
Bitcoin cash was up more than 10% Friday, continuing its outperformance of other major cryptocurrencies, as a competing hard fork approaches on May 15.
Technicals
BCCUSD rose from 700.0 to 1396.0 from April 19. BCCBTC drew a bottom at the 0.091 level and started to grow after 18th of April. Break above 0.12 level, and 100-days EMA confirmed turnaround pattern and fueled further growth. Now the price is in a bullish bias, the daily median of volumes rises. Closest resistance level is 0.16, a breakthrough above this level will lead the price to the 0.17 resistance. Bullish Trend Line and 0.15 level will serve as a support for the uptrend scenario. A breakthrough above 0.12 level and 100-days EMA will dismiss the bullish scenario.
BCC
Bitcoin cash buy signal 30% gainNo stopping this coin. Its been going up the last few days. Last buy signal using Bottom Finder (blue spike) though was around 22/04, then potential gain today 23/04 was 30%. Buy signal at 121, max price today was 160.
Bitcoin Cash Going to Hit 0.25 btc Soon ...BITTREX:BCCBTC is goes to moon,
Fundamentally, Hard fork is going to happen in 15th may, so it can goes to up.
Technically, the 1D Chart Resistance line already broken,
Macd Histogram forming above the line.
Coin already started Pumping,
So it can Hit the 0.25 BTC Soon...
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Bitcoin Cash Cup and Handle formationHello guys, im here again sharing with you my TA analysis which if you don't know are 90% accurate.
So as you can see bitcoin cash as successful formed a cup and now finally making the handle, you can expect in the next few hours a pull up to to atleast 0.14-0.15 .
Always have your stop loss set not more that you can afford losing, we are in a world war here don't risk yourself to take a bullet, play safe.
Ill be updating once it plays out, this is not financial advise, this is a get rich scheme.
Bitcoin Cash Retrace For NowBearish divergence on 1 hour RSI
It could bounce off the .5 fib level or the .618
.618 has stronger support however the rising trend line and .5 meet up, so we''ll see where is bounces
Short the market then go long
Bitcoin Cash (BCC) Confirmed Breakout (394% Earnings Potential)I was looking at Bitcoin Cash (BCC) yesterday and thinking of posting my trade about it but wanted to wait for a retrace before that. It turns out that Bitcoin Cash is holding way stronger than expected, and if we want to trade this coin for profits, this can actually be good news as this strength can work in our favor once we are positioned to make some easy money with Bitcoin Cash.
So without waiting anymore time, here is the trade analysis for Bitcoin Cash. Huge earnings potential... Enjoy the ride.
Bitcoin Cash (BCC) Trade by Alan Masters (394% Earnings Potential)
TRADE INSTRUCTIONS
Buy-in: 0.10 - 0.13
Note: You can aim to buy on the lower end of this buy-in range. There is huge growth potential for Bitcoin Cash for its next bull run.
Targets:
SHORT / MID TERM
These are targets (price levels where you can sell for profit) that can be reached in the short (1-4 weeks) and mid (4-12 weeks or 1-3 months) term.
(1) 0.137
(2) 0.150
(3) 0.163
(4) 0.182
LONG TERM
These are long term targets. They can be reached in a few weeks time as they can take up to 6 months or longer. For me long term in the cryptocurrency markets means 2-8 months.
(1) 0.219
(2) 0.259
(3) 0.298
(4) 0.355
(5) 0.427 (All time high on Bittrex)
Stop-loss: 0.090
CHARTS, SIGNALS & INDICATORS
On the daily chart:
- You can see the first and second bull runs for Bitcoin Cash, date (bottom and red) marked with a red vertical line. You can also see the long term view of this coin, the top (magenta line) and the bottom after its last bull run (gray line).
- Confirmed huge breakout on the daily chart... let's take a closer look:
- We are now trading above the SMA20 (green) and SMA50 (blue) lines. This is a bullish signal. These lines also crossed each other, the green crossing the blue one while trending up and about to cross the brown one (SMA200) on the 4 hours chart... very bullish.
- MACD cross over and positive divergence.
- RSI trending up and very bullish.
- DMI and OBV are also on the bullish zone.
- The weekly chart is also very positive for long term gains and up potential.
- Volume fairly low on Bittrex compared to the strength of this coin. Plenty of room left for growth. Strong volume on Binance.
NOTES
- When joining a new trade, please allow time for this trade to develop. Every trade can take several days to weeks before its price starts to move up.
- Diversify as much as you can and fill comfortable doing. Instead of putting lots of money in one single trade, it is better to divide your money into different trades, this way you can increase your earnings potential as well as reduce risk.
- If you are trading many different coins, use different exchanges for better money safety. Diversify your trades but your holdings as well.
- Always research, think, breath and relax before buying or selling your coins. Always be patient and take your time to take the next action, rushing never helps. This way you can take better decisions when making your next move.
- Secure profits. As we move up in the charts, prices start to increase and targets are being reached... Always secure profits. You can start by selling 10-20% on the first target, 20-30% on the second target, and finally breakeven by the third target. With the remaining funds/coins, you can sell anytime you want for profits. There are many different ways on how to approach the targets, but these general suggestions can give you an idea on how to sell.
- It is very easy, a very, very easy game, all you have to do is buy, and wait until you have to sell.
- Namaste.
Bitcoin Cash - Needs time to cool offOverbought RSI, 86 on 4-Hour, 81 on 30 min. It may go up a little more, but I expect a retracement here soon.
Gearing Up For A Big Move? BCash Testing Long Term DowntrendBCash has been silent for a long time. The last few times the price has tested the down trend BTC has been strong, however, in its weakened state, now might be the time where BCash believers try to pump their beloved. Definitely one to keep an eye on over the coming weeks.
Long Complex correction. Very easy to play the patternPlay the Big pattern at play. When nobody is talking about it is when it will blow!!
BCC :- Target Activated - 1294 Coming Bitcoin Cash (BCC) :-
Bitcoin Cash has given us a breakout confirmation too on the upside and prices have now jolted up higher towards the 750+ regions
Prices have now confirmed their upmove all the way to 1294 in the coming few months as we go on to reach our falling wedge breakout targets.
Keep in mind we could see a slight move downwards before we see a final push upwards to 1294.
Bitcoin Cash :- Falling Wedge Bitcoin Cash (BCC):-
Bitcoin Cash is still trading within the falling wedge while the price moves are sobering and also the lines are converging closer and closer.
You could see a breakout from this pattern in the coming few weeks which can see prices head to weekly resistance levels of 1294.
Go Long upon the breakout from the downtrend line.
#BCC thoughtsA huge falling wedge built from the end of the bull market (almost 5 months)
- RSI curving up -Oversold
- support
BCC/BCH (BitcoinCAsh) 100% targetBCC soon explode btc dragged it alot deeper then should bcuz of lasts dips.
target oi 0.2.first fib lvl.
touching now some important and strong support level expecting a bounce from here,unless btc will dip more.
also daily RSI came to OVERSOLD.
waiting 4 more bullishness
Bitcoin Cash (BCC) :- Falling Wedge Analysis
Bitcoin Cash (BCC) :-
1.Bitcoin Cash is still trading within its falling wedge but the sell volumes have drastically reduced and a small rise on the rsi is currently visible.
2.A break from this wedge is the only we can confirm a move to previous supply zones closer to 1689.
Eventually prices will break out and you will see the move begin upwards.
1294 is out primary target before we move towards 1689.
BCH/BCC - Bitcoin Cash set for liftoff in 3, 2, 1...The last two times Bitcoin Cash hit below 20 on the RSI, it grew 11x and 4x. BCH recently went below 20 again and is currently sitting at 27 on the daily. The price action is currently in a falling wedge (within a falling wedge). History has a way of repeating itself. I've got the popcorn ready. Now to sit back and watch!
BCH - Just passed the 78.6% Fib retracement mark Looking at the 4 hour chart, Bullish divergence on the MACD, 15 on the RSI, touching the lower boundary of the falling wedge. The last time the RSI was this low was in December and 2 weeks later, the price had exploded. BCH fans may have their day in the sun very soon, especially with Bitcoin exhibiting such weakness at the moment. Will we see the Cashening?! I know I'll be watching.
Bitcoin Cash :- Falling Wedge Breakout in the making.^Bitcoin Cash^
A wild ride is coming up on this one.Give it time and space and we will back to 4 digits sooner than later.
A falling wedge is a clear chart pattern of a massive upmove that is gonna take place asap.
Go long upon the breakout and play it long all the way till 1250.
BTC/USD - 3/26/2018Good Morning, Traders!
BTC recently broke through a strong support level bearish. The price was forming into a descending triangle in a way up until this point. Currently the price is testing the 61.8% fib retracement level as support. This may indicate the end of this downward push for now, because this support is backed by additional support in a trend line that has been used as support and resistance since early March.
If the price is able to continue its bearish rn, it is expected to reach the bottom trendline of the long-term symmetrical triangle that is forming before reversing into the positive direction once again.
Important Resistance Levels: $8,970, 8,600, 8,330
Important Support Levels: 8,000, 7,870
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst