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Bchanalysis

BCH/BTC - retrace before continuation upwardsMy expectation for price action is indicated by the thin green and red arrows. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance identified by the fib channels. Green & Red lines indicate t/p. Black dotted lines are fib retracements. Thick white lines are fib channels. The green arrow indicates the overall trend. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Short
by Halams
Coming back from Holidays: today about Bitcoin Cash ABCHello everyone and of course happy holidays! I wanna talk about Bitcoin Cash ABC currency today, not really strong, but kind of promising crypto. Holidays is not the best timing for trading, as I see it, but let's now look at the market. Bitcoin Cash ABC fell by 5.99% on Tuesday, following on from an 8.14% slide on Monday, to end the day at $170.08. Recovering through the afternoon, Bitcoin Cash ABC move back through the 38.2% FIB of $163 and the day’s major support levels by the day’s end, while sitting short of the 23.6% FIB of $184. At the time of writing, Bitcoin Cash ABC is $169,49 , being at the green zone. For the day ahead, a hold onto $180 levels through the morning would support another run at the first major support level at $183.82 and 23.6% FIB, with a broad based cryptomarket rally needed to support a breakout to $185 levels later in the day.
KRAKEN:BCHUSD
by AlekseyMarkonov
what's going on with Bitcoin Cash now?Last week (Dec 11) we received an official statement that the Malta-based cryptocurrency exchange OKEx announced that it will list Bitcoin Cash ABC under the original Bitcoin Cash ticker BCH. So the value of BCH is going up and reflecting the upward trend. According to the announcement, the sixth largest crypto exchange will change the ticker of Bitcoin Cash ABC from BCHABC to BCH. It will also change the Bitcoin Cash SV ticker from BCHSV to BSV. Currently, Bitcoin Cash and Bitcoin SV trade fight sees both record yearly lows. Nevertheless, Bitcoin Cash is currently at the green zone and ranked 8 in the list of crypto considering Market Cap. The two communities started so ‘hash war’ where they tried to prove which is the most powerful network. At the moment of writing, the two assets are caught up in a war that appears to be used to drag each other value to the ground. Bitcoin Cash runfortunately recorded lows around $73.35. Bitcoin SV, on the other hand plunged only to find balance at $64.52. Bitcoin SV is currently a position below Bitcoin Cash (BCH). it was following a raise of 7,32% during past 24 hours. And considering all the conditions of the 'hash war' BCH is predicted to be at the winning point later on and to raise in value and trade in the range of $88,12-$89,3. !WARNING! My predictions is not a PROMISE. You invest on your own risk.
KRAKEN:BCHUSD
by AlekseyMarkonov