BCH SV Daily Analysis: The Climb to All Time HighBCH SV has fallen to exactly the level that Nouvive and Nouvive Intelligence wants it to $89. From there, it will be a slow, yet uphill battle to the All Time High of $141.
What do the charts Say?
Bullish
BCH SV is currently in a bullish triangle pennant, this means that when it breaks out from $100, it will fill the gap at $110 before deciding to climb to fill the last gap at $120.
BCH SV on the higher time frames has filled a double bottom, the market disagrees it will go below the level fo $89.
Volume is decreasing, meaning a volatile move will occur.
RSI Stochastic has crossed-over at current levels; this coupled with the rising Accumulation indicates that it will rise to the top of the pennant at $100.
Nouvive Intelligence points out that market sentiment is rising to previous highs and this is currently not a crowded trade.
Both bottoms occurred on the 0.5 Fibonacci, a move to fill the volume gap and to the tip of the triangle pennant is at the 0.618 fibonacci.
Bearish
It is unlikely but BCH SV may fall to fill the volume gaps at $87 and $77 where the 0.382 fibonacci is currently at.
If that happens, it will past the previous local low of $85, meaning above down to the 0.236 fibonacci is likely and closer to the previous support at $55.71
Nouvive Says:
Traders: An entry at $90 to the tip of the triangle and below the 0.618 fib is an 11% move and based on market sentiment may occur within the next 10 days.
Investors: An entry at $88 and a stop loss at $85 with a take profit at $120 will occur based on Market sentiment by the end of the year for a 30% gain.
BCHBTC
BCHABC preparing for a bounce up.Getting ready for a bounce from support line.
Entry: .041500<
Stoploss: .040900
Target 1: .044560
Target 2: .048214
Target 3: .051872
Happy hodl & trading session!
/Chipchop
BCHSV: Bitcoin Cash SV Death cross Time For SHORT Selling !!BCHSV Death Cross Between 20 EMA & 50 EMA, Now We Are Bearish We Cant trade against Trade So Time For SHORT Selling.
Let see ....!!
You Can Trade Above Given Entry, Exit and Traget Point.
You Can Also Set Stop Loss own RR Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
BCH - Call 911, BCH is on life support! Looking at the daily chart for BCH/XBT, we can see that it is sitting at a new all-time low. The price action has been in a falling wedge since last year and is currently sitting on its last line of defense. Nevertheless, there are some positives. The daily RSI is oversold at 26 and is due for a bounce. Support can be seen on the MACD and price chart.
BCH tends to have a knack for pumping hard at low points and then slowly selling off its gains. This may be an ideal time for a low risk-high reward trade. Buy at this level and have a tight sell-stop. The target price is the upper boundary of the falling wedge at .08.
Current Price: .0418
Buy - .04-.05
Target - .08
SL - . 039
Let's see if we can bring some life into BCH!
Cheers!
BCHABC PredictionWe think we can see strong move to BCHABC
targets
T1: 0.055900
T2: 0.059
T3: 0.061
Please like and leave comment,we'll appropriate that a lot.
Best of Luck.
CryptoStarsChannel.
BCH SV Daily Analysis: $85 Increasingly LikelyAs stated by Nouvive yesterday, a close above $101 is positive, however based on current price actions a fall below $100.25 and a further fall below $97.50 would see a 14.68% move down towards $85.30.
What does the Chart Show?
Bullish
On all the higher time frames, RSI Stochastic appears to be Heavily Oversold with a cross-over in play, meaning we could see a 17% move upwards if BCH SV is able to breakout today above $104 to retest yesterday's high of $117.
a bounce from current levels at $100.25 could see a breakout above 104 and a double bottom.
This trend line as shown on the chart below has been tested several times, it is Mixed Emotions whether it will be broken - this depends on current Market Sentiment.
Bearish
Volume has been slowly constrained with negative sell side volume being currently favoured.
A fall below $100.25 and a close on the lower time frames would illustrate that if there is no bounce at the 200MA on the 45M chart, $97.50 is very much in play.
A fall below $97.44 would mean any bullish momentum is invalidated, we could see a 15% decrease to the downside.
there are many volume gaps below at $85.30 that need to be filled, we could see a bounce following this.
Nouvive Says: To wait and see, prudent investors should wait for a break above $104 before entering a trade. If $100.25 is broken, a bounce may occur at $97.50, if this does not occur. We will see a retest of $85.44 with a potential bounce to the upside to retest $117.90 later during next week.
BCHSV : Bitcoin Cash SV Trend Reversal Making Double Top !!BCHSV Now Making Double Top Pattern if Price BreakDown NeackLine 0.02700 Then We can see a Bearish trend very Soon.
Let See What Will be Next Move ..
I hope that Trend Will be Reverse Soon after Making Double Top..
if you are doing Trade BCHSV then ,
Set Stop Loss own RR Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
BITCOIN REVERSAL IMPENDING!! (BULLs time to shine)OKAY. Although I am currently studying for exams on monday - couldn't miss on this opportunity to post about this.
There has been a strong ascending trend-line in place since 2015 (Point A). The price has bounced off this line 5 times in the past 3 years. This is stronggg okay. I predict it will slowly climb above $5,000 and then drop down to $5,000, coinciding with launch of the bitcoin ETFs.
We can already see slight rejection of this line with a bullish pin-bar. "Buy when others are fearful"
GOOD LUCK!
Bitcoin Cash (BCH) May be a good 5% move up.Bitcoin Cash has been consolidating in this area for a while. Currently has had a correction down, and if we can hold this area, it should start heading up.
Thanks for viewing! This trade is being taken as there is a long signal.
Keep in mind this could fail, so set a stop loss below the low. If there is a stop hunt, buy back in.
Currently Bitcoin is testing the lows once again. If it breaks down, this trade is negated. The stop loss should get us out beforehand.
BCHSV - Another 40-60% Capitulation Before the Bottom?Hey guys,
I've been watching BCHSV which resulted from the BCH fork that occurred a few weeks ago. Here are a few thoughts:
Fundamentally I think exchanges and significant market stakeholders are betting on the ABC version of the fork - BCHABC - which indicates to me that BCHSV will likely undergo and remain heavily discounted, or at least experience heavy volatility. The BCH ticker will likely go, by default, to the BCHABC version. As a result, BCHSV will likely struggle to get widespread exchange access, and judging the current "influencers" behind the vision and mission of the asset, it will likely struggle to find many friends while getting relegated to the margins. That being said, this asset is being monopolized with relatively few significant market participants so anything can happen over the longer term.
From a technical perspective, we can see the fundamentals playing out on the chart and we now have a falling wedge pattern that has paved the way to capitulation. Currently we have strong support at $37, but if this breaks we could reach prices as low at $19.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Bitcoin Cash - Coinbase All Time High Volume SpikeOver the past week, BCH has seen numerous large volume spikes one of which resulted in an All Time-High volume on Coinbase.
These large volume spikes were no doubt fuelled by uncertainty and volatility presented across the market by the most recent Bitcoin and Ethereum drop and could very well present an opportunity for short to medium term profit.
As you can see from my Technical Analysis, BCH short-term price action is currently sitting in a steep falling wedge due to the most recent market sell-off.
This type of steep falling wedge is very unsustainable if we factor in how low BCH is from previous highs and price action in September.
This presents us with an opportunity to scale in around support levels or after the falling wedge has clearly been broken in hopes of short-term profit.
The following values are purely my short-term trading values for BCH and should not be construed as financial advice.
Accumulation Zone 1 (support) - 0.07500sats
Accumulation Zone 2 (support) - 0.06750sats
Accumulation Zone 3 (breakout) - No specific value, wait for clear breakout.
Stop Loss - 0.06400sats
Targets - 0.09000sats, 0.10400sats, 0.11500sats
Clear ascending support formed on MACD on the 4h, and 8h.
Due to the recent high volume spikes if you wish to follow along with this trade you must ensure you stay up to date with real-time price action and practice efficient risk management.
BITCOIN CASH ABC : BCHABC Trend Reversal !!BCHABC Going Down Trend if Price does not hold Support Level 0.046800
You Can Trade Scalping, Day Trade Not Good For Longer term Because this is New Baby.
Warning- Trade Own Your Proper Risk Management !!
BCH - Hitting all-time lows and support. Time for a bounce?Before I begin, I would like to preface that this is not a trading market with Bitcoin as bearish as it has been. As such, BCH will likely continue to be be negatively affected if Bitcoin continues its descent. However, BCH appears to be hitting several support levels all at once. First support line comes from the falling wedge that BCH has been in since this time last year. Currently, the price is approaching the bottom support trend of the wedge as well as hitting the all-time low. The Stoch RSI and RSI are indicating oversold levels. Bullish divergence can also be seen on the daily. The MACD has also broken the zeroline. History has shown that practically every major BCH run has occurred when the MACD breaks the zeroline. We may be in for a short-term bump to the upper boundary of the wedge at around .08. A breakout beyond this resistance level could be a very bullish indicator. But I cannot stress enough that this is Bitcoin's show at the moment. I would be watching for indications of reversal in the price action, not just the indicators.
BCHBTC Cashwar in progress!Cashwar/Hashwar!
cash.coin.dance
Bitcoin is losing difficulty (hash power) making it cheaper to mine, thus allowing miners to sell the price down and still make a profit!
All the while Bitcoin Cash (ABC) and Bitcoin SV is pulling hash power, causing BCH to be mined for a loss.
I'm not in favor of the SV chain, so I'm glad the ABC chain is longer, has more proof of work, and more hash power.
However there is no telling how long this will last. Lots of controversy in the community, hopefully we will come out stronger in the end.