btcmachine: BCH long#BCH on Bitmex.
Long 0.05 or above
Targets: 0.055; 0.059; 0.064
Stop-Loss: 0.04
just remindin that should be BCHABC price (mex index)
BCHBTC
Yet more fake media, bordering on the imaginationI just read an article about the current BCH hard fork and how that useless project is going; notable perhaps only in that Wright and his merry band are threatening to take BCH down by mining empty blocks etc. if things do not go to his liking. This man is a child , but if enough people choose to follow him , I DO believe they will do serious damage to the entire crypto community as a result of inter currency pairs, and the math between them.
One childish man.
At the same time I noticed , along the side of the "C.C.N." page , something I used to read for guidance but now consider the "enquirer" of crypto , a link to an article postulating that "Tokens are going down, is the S.E.C. preparing to impose regulation?"
Really?
Those in power know the answer to that already. Those with sense know that wherever money can be found and more importantly MADE , some branch of government most certainly will get involved.
But this, potential S.E.C. involvement as the reason behind Wednesdays carnage that continues today, has me smiling at a time when I have taken damage. It is naked manipulation bordering on absurd stupidity. It is an affront to proper journalism.
At some point we , as a community , need to address TradeView and ask it to STOP delivering such headlines and garbage to our news feed. I know there are controls in place but they do not suffice , as every source applicable to crypto engages in the same kind of journalism. The same naked price manipulation that one can observe the whales doing if you study an exchanges order book long enough.
So now the sec ??
Do you know who is to blame - it's a what ,not a who??
PANIC.
Caveat Emptor
BCH - Bitcoin Cash Hard Fork! Primed and ready to goLooking at the 4-hour chart for BCH or BCC, we can see a nice bull flag retracement to the .786 level. With the hard fork tomorrow, I'm expecting some serious volume and volatility. You can already see how much the volume has increased over the past two weeks. The Stoch RSI is oversold and turning about. This is a great entry point for a low risk, high reward trade considering the circumstances. Hold on to your hats! Tomorrow could get crazy!
Bitcoin Cash SV Here's Your Fib BCHSV is showing very nice price action and respecting this fib very well + decent volume. BCHSV is currently acting as an inverse to BCHABC.
I would be cautious with this coin as it's a fork of bcrash run by not so smart people, so as always use stop-loss.
Currently retracing after rejecting 2.0
BCH/USD ANALYSISBCH/USD(BITFINEX) ANALYSIS
we have likely just found our support on wave 3 and are going up to around 500-516 area where I will likely be shorting once more with stop below wave 1 lows of around 520 with a target of 78.6 retracement at 460 like I mentioned previously as that is our last zone of support for now , if that does not hold it will be pretty bad for bch TA wise , fundamentally wise bch is pretty fucked up and I have no idea how to play it without TA so for now im liking the volatility on bch and will follow it with a TA mentality if we get stopped out next trade #BATMAN
BCH ANALYSISBCH/BTC(COINBASE) ANALYSIS
next off we have bch against btc, its pretty similar to what we have seen in bch/usd , the targets for this retrace are likely around 0.079-0.08 and I will be looking to short with a target of 0.072 and stop at 0.0805 for a nice risk to reward on this setup #batman
BCH scalp long on Bitmex 1-2% of capital on this trade.
recommended levarage 5x.
Time is playing for us in this trade, just wait for pullup and enjoy.
0.14 on the 14thThe report comes after another one by The Financial Times revealed that Bitmain’s profitability figures had been scaled down for its IPO listing compared to its funding rounds. During the $400 million funding round in April, the firm had indicated that the 2017 profits stood at $1.25 billion. In yet another funding round four months later in August, the figure was amended to $1.1 billion. However, in its IPO filing one month later in September, Bitmain revised the figure again to $701.4 million, almost half the original figure.
$BCH #BCHZ18 - Bouncing BitcoinCash Trade - Day Trader ExplainsHello Lads and Ladies,
Welcome back to the TJs TA Session, today we will be taking a glance at BitcoinCash and why this might be a good LONG position.
After multiple signs of a turn in trend and a massive 35% retracement on BitcoinCash, we seem now to have found a decent level of support. Here we are as well experiencing a lot of action which is giving us a nice possibility to make good and well planned leveraged trades.
The first thing that I want to talk about is the fib lines. This is one of the best examples one might find for using fibs. We have here a very clear downtrend, as well as a clear bottom. Meaning by that we can simply apply the 1 at the top and 0 at the bottom. Fibs is showing us a possible retracement/bounce after a short term trend (depending on your timeframe).
Since we are in the middle of the fight, you can adjust the fibs a little and not catch the very last and lowest spike at the bottom, sine the 23.6% fits better at that point.
Now lets take a look at our RSI and StochRSI indicators.
RSI is down to 31 points and showing us a mini bullish divergence on the 6h chart.
StochRSI is looking very very flat for a long time and now slowly starting to turn and break back upwards.
We have the all time BitMEX low at 631 and we went down to 632, basically retraced fully to the very bottom.
Especially with a day left till the hard fork of BitcoinCash, we might still see a nice pump.
AAAANNND A MASSIVE DUMP WHILE DOING IT HERE :D
Still valid, still good, simply stagger up longs till support and then run the bounce.
Based on all of the above I will make my trade like following:
BCHZ18 LONG
7.5x - 15x
Buy -> NOW - 560 - 545 - 525 - 495
Targets (longer term) are our fibs -> 723 - 772 - 811 - 850
Targets (short term) -> 631 - 650 - 687 - 700 - 722 - 753 - 777
Stop Loss -> 480
Bitcoin Cash (BCH) Short squeeze occured, can move down now.I successfully called the BCH bounce and short squeeze in the last idea. Please view for yourself.
Right now after the short squeeze, price is free to move down. Be careful about buying BCHZ18 on Bitmex. You could be burned. Do not leave any positions overnight unless you are fine with a 10% drop.
I am not going to have an actual short position but it is a nice environment for scalping.
Thanks for viewing!
This is the short squeeze. Notice how people are closing positions on Finex right now as BCH is pumping on Finex due to the pumping of BCHSV.
This chart is the BCHZ18 chart on BitMex.
Its BoOOoOm-TiMe for #BitcoinCash | $BCC $BCH in the next 36HRS!Its BoOOoOm-TiMe for #BitcoinCash | $BCC $BCH in the next 36HRS!
My accuracy has been unparallel as of late. We've been delivering more than 90% accuracy with our alerts, and intend to continue delivering this level of accuracy.
We like to say that charts speak louder than words. And, as such, we ask that you give that chart below your full attention:
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.07810 to 0.06515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.07810)
Ending of entry zone (0.06515)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @0.0905
TP2 = @0.0980
TP3 = @0.1075
TP4 = @0.1210
TP5 = @0.1330
TP6 = @0.1480
TP7 = @0.1770
TP8 = @0.2010
TP9 = @0.2440
TP10 = Free
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.07810 to 0.06515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.07810)
Ending of entry zone (0.06515)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @0.0905
TP2 = @0.0980
TP3 = @0.1075
TP4 = @0.1210
TP5 = @0.1330
TP6 = @0.1480
TP7 = @0.1770
TP8 = @0.2010
TP9 = @0.2440
TP10 = Free
Bitcoin Cash BCH H&S and Bullish WedgeBCH' has been moving a lot the past weeks with high volume moves. It already made a 50% correction since the rally from the low 2 weeks ago. At the moment the long term bottom formation is still in play. For the big inverse H&S on the left, we need to stay above the 500. Otherwise we will drop towards that blue circled line again. On the short term there is a chance for another smaller inverse H&S, but needs to stay above the 530ish. But do know, this type of H&S at this position is unreliable, they tend to fail many times.
There is positive note, it broke that downwards channel today and it made a strong move up with high volume, so there is chance for bullish development. It's just that Bitcoin' has weakened a lot the past days and Tether' has been dropping a lot as well the past days, increasing uncertainty in the crypto market again. For the big inverse H&S to play out, we need strong moves upwards, we can see corrections in the mean time, but the moves up have to be strong and with volume. If that happens, there is chance for it to succeed.
Momentum in crypto market is still bad and has been for months now. But like BCH' there are some big factors in favor for bullish moves:
- The big wedge (check previous analysis)
- Higher low and higher high since September
BCH' just needs to break the 650ish, which has been a very tough nut to crack the past months.
Read my previous analysis to understand the whole game plan better. Always keep track of my Bitcoin' analysis because i update there much more about the market conditions. Sometimes giving warning signals or bullish signals.
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Previous analysis:
BCHBTC [Intraday] Support around 510/00 holds, one more rally ?Its in relations to our previous comment here
where we advised nott to chase the price. Strong pullback reached suport around 510/500 and we see nice bounce.
If you were looking for long that might better place than previous top of the range. First target 580/600.
Best trade in crypto BCH falling wedge reversal patternBCH has been a hot coin moving with great percentages and being traded more than usual. In this market the runners are the best plays.. looking to buy a close outside the top trend line but its hard if the break comes with a lot of vol.
dont wanna keep jumping ahead of break last three anticipation trades I was wrong... going to be patient
other trades on market are zec big move up look to buy low sell high scalp
xrp same thing...
both have bigger downsides and could also slowly fade lower.
have to find good entry with a tight stop bottom fishing play or possible break out of top but hate playing alt breakouts in slow markets … usually not much follow through
Bitcoin Cash BCH H&S and Bullish Wedge After the big and strong high volume rally BCH' has made, the bull flag i suggested in the previous analysis failed completely, it actually never even made the first leg up so there was not even a bull flag to be seen. Volume is still high on BCH' as well. The whole market is anticipating on the hard fork of BCH', as always a lot of speculation going on about this and a million different scenario's and opinions are being told. Best advice that i can give about this is, ignore it completely. The current market is not the same as a year ago, people are better informed nowadays. So just let the chart and it's patterns tell you what the market is thinking.
The long term bottom formation is still in play for BCH', the one i started to show in September and 2 weeks ago at the start of the big rally. This long term picture is still in full play, despite the weakness of the past few days. On the bigger picture it's just another correction on the big rally it made. Mostly because Bitcoin' has failed another attempt to break upwards because of the low volume.
This time i have added this potential inverse H&S in the long term picture. Here we have the same story as for XRP' (read it to know more). We want to see buyers stepping in around that blue support zone. If they do and we start to go up again, we need to see a big strong and high volume move up again towards the neckline. Like we saw during the rally from 450 to 640. If we see that develop, there will be a very big chance for a move towards that 850/900 target. That would mean we need Bitcoin' to break the 6500 resistance once again and go above the 7000 to reach those levels.
Short term, we can see another possible bear flag. Support seems to have been broken already so we can expect a bit more downwards movement. I am not so sure about the bear flag, so i have drawn 2 scenario's here. Yellow circle shows the target of the bear flag, but for the bullish version i want to see the blue line develop. Meaning, if we drop from here that the green support zone around 510/530 holds. I showed this support zone a few days ago and so far it is still holding. If this support zone breaks with high volume (as the past few days) we have to assume we will move towards the next support around 450.
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Previous analysis:
And the two long term analysis on BCH'
Bitcoin Cash (BCH) Insanly risky long trade I plan on taking.The basics of the idea are explained on the chart. If price wicks to the stop loss cluster and moves back up, we know it is a very good long. If price drops below and stays there. could still be a buy, but not as safe. If scenario two occurs I probably won't take the trade.
So I expect another 6% drop from here into liquidity zone
1. Lots of people betting on Bitcoin Cash dying and all are in profit
2. Longs all in a loss
3. Big liquidation on Okex
4. Expected stop hunt to 0.063
We know that the money in the market currently flows from retail to big retail. Soon it will be institutions. Few months ago large funds were downloading crypto charts for analysis and stated they are looking into getting into trading crypto. Bet some are in already.
Also, Matt Hougan is creating an index for cryptocurrencies. Anyone heard of him? /s
Thanks for viewing!
BCHBTCAlready in a short position in BCH since top, RSI divergence was plain as day.
wait for retrace for possible long 3 wave with tight stop under the .65. Everybody eats.