BCCash's double bottom has triggered!As I had predicted in my previous bit coin cash idea on here we reached the neckline of the double bottom on BCash and have finally triggered the breakout...the price target I have listed here is a great palce to limit sell, although we may run into decent resistance at the 1 day 200ma(in blue). We may also start to wick down just before this target too so a pip ro 2 below it as a limit sell isnt a bad call either...of course there's also a chance that fomo could allow us to send a bull wick a couple pips above this target as well. Whether or not your limit sell triggers as long as you got into this trade near the neckline a market sell will still get you plenty profit. *not financial advice*
BCHBTC
BCH on a bullish rampage should reach well above 1day 200ma… BCH on a bullish rampage should reach well above 1day 200ma before any sort of major correction. Even when we get there the correction could be quite mild before another leg up we will have to assess the overall confluence of indicators once we get there. However if one were to put a limit sell somewhere it would be at that target point, a pip or 2 below to ensure your tatget is met or even you're fomohunting a pip or 2 above for the riskier types. Of course this is just hypothetical though as this is not financial advice. Cheers!
Is BCCBTC ready to go down? Prepare for a 20% lossHope, it is the quintessential human delusion, simultaneously the source of our greatest strength, and our greatest weakness. It is time to allow BCCBTC to retrace. Looking forward to your comments!
BCH Long for the fork!Thanks to BCH we have a bull market for the next two weeks. Binance is going to be honoring the Hardfork BCH is having so people are going to buy and hold this to get the free coins. Look on a lower timeframe for entry. Don't short this unless it breaks the trendline, you will get rekt. Buy hold for 2 weeks then try short the top.
Levels of interest
Be careful about shorting Bitcoin Cash here. Consider this.Bitcoin Cash is currently having an insane pump. Many of you probably have thought about shorting it or have already done so.
But be careful. Look at the massive amounts of shorts being opened during the pump. You do not want to get caught up in a short squeeze, which is what happened for XRP. Instead, if you wish to short it, just wait for a 50% correction and short the bounce from 0.5 for a much safer short entry, You will catch most the profits without the risk of shorting currently.
While I do suspect the rally is ending soon, opening a short when shorts are insanely high is very risky. Keep in mind shorters need to buy back into the market.
During the XRP rally, the shorters opened the position and price pushed 50% higher, causing cascade of liquidations. The remaining shorters managed to close their positions at the exact top. The same could be happening for Bitcoin Cash.
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BCH At Critical Weekly Lower Highs at 600!BCH pennant on Hourly just broke, all eyes on 600 psychological. As I have just answered one of my viewers on the XRP idea in the comments, the break of 600 will be crucial for BCH, because those are the weekly lower highs. So a definitive break will change the weekly trend. But be cautious: We are already in overbought territory on most timeframes.
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BCHBTC Long- continuation symmetrical triangle on 1H with two possible scenarios
- hard fork on 15th november could also play a role in long position
BCC has more space to grow before the forkBitcoin cash has 9 more days before the hard fork is implemented. Its very likely that we are going to top around 15th November for this impulse. Therefore, its likely we can see more upside action in the next week.
BCH – Bitcoin Cash – massive volume on Binance – google trendsHi Traders!
Probably most of you already have heard about BCH hard fork. Yes, there will be a new token called BSV.
Currently, only 4% of the miners said they will be supporting BSV which makes it sure that BCH would be continued with almost all capacity and power.
New token will be supported by Binance, Coinbase, Poloniex (so far).
Existing Bitcoin Cash holders receive a new 'free' digital asset 1: 1 for held BCH on the date of the hard fork.
So these are positive news from the market.
Here are technical analysis details:
• The price level is the lowest since a year
• Bullish double bottom forming
• Weis Waves – diminishing supply and growing demand
• Volume on Binance – 17500 BTC, the next to volume ETH/BTC with 6500 BTC
• Ichimoku Cloud - Tenkansen (red) crossed Kijunsen(blue) and the chart crossed Tenkansen as well. The chart is over the cloud which is very
positive.
• MACD – positive divergence
• Visible Range counted from the beginning of the year – far below the fair price which is at 0.156. It is likely to go as high as the top of the
Visible Area where 70% of the transactions were made. It means the owners are not willing to sell below the level they bought.
• We had last peak at 0.09 which is crucial level to break
• All 4 EMAs has been broken on the daily chart – EMA (9,21,50,100)
• Today’s long candlewick suggesting the market doesn't accept the lower price.
• Google trends – second highest level in the 3-month time span – might go even higher as these data come from 2nd of November
Set your stop-loss at 0.082
What are your feelings towards BCH and this hard fork? Are you in?
Be careful with that trend as BCH is very volatile. Don’t forget to set your stop-losses.
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Bitcoin Cash, BCH made a Bear Trap Move and Going Towards 900Since my last post on BCH' showing the potential made a huge rally the past few days making a big step towards confirming a mid-term low at least. The bottom formation was still valid as long as it would stay in the green zone. That bear trap produced a huge counter move bringing the price in almost a straight line to the resistance level at 600. A break of this level would confirm a higher high on the mid-term and would confirm a bull trend on this time frame. For the long time frame we need much more upwards movement, but lets take it step by step.
For now i have a target of around 850/900 for BCH'. On the right we can see a possible bull flag. So unless Bitcoin' makes a break of the 6500ish level, i expect it to move sideways a bit. Make a correction in time in this bull flag, gain strength and make a solid support in the bull flag before making another attempt to break the 600ish. For the bull flag pattern i want to see the green support at 550/540 hold.
If the bull flag plays out, we could see another fast and strong move up like we have seen the past days.
Previous analysis:
Ethereum Classic (ETC) 30% Move Possible !!Ethereum Classic (ETC) Now Starting if Falling Wedge Breakout Succesfully then we have see a Big Rally in Ethereum Classic (ETC) .
I am Very Positive About this becouse ETC Completely Touch own Low Bottom and Spike From Here .
Let see.........!!
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Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
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Bitcoin CashSo as we all know there is BCH hardfork announced on 15th of November, we have seen an impulse leg targeting the resistance level followed by flag-ish pattern right under. I think we will see another leg upwards after we break out of this triangle.
BCH-BTC More pump is coming or done ?RSI on 4hr has almost reached 90. I have played out some possible scenes for testing the green resistance line which is pretty important one.
if we can break above that green line, it will signal more uptrend with possible 3 targets planned out
Overall if you read all my posts, you must know that i' m very bullish on November and December for crypto.
THIS IS NOT FINANCIAL ADVISE.
BCHBTC : 83% profit expected before upcoming HardForkBCHBTC now shows healthy movement inside 1st GannFan area.
If this movement hold until 15th Nov HF date, we can expect 0.159BTC/BCH (additional 83% gain)
Next Target : 0.159 BTC/BCH
If the BCHBTC reach the target or not, sell all of your BCH holdings just before 15th Nov UTC.
Nice Moves on Bitcoin CashSome successful trades by Yekturus.
Yekturus Study Page:
Yekturus Strategy Page:
Disclaimer:
This strategy is for information purposes only. It is not intended to be investment advice.
Bitcoin Cash Surged on Hard Fork NewsBitcoin Cash surged by 30% in 48 hours after good news coming of exchanges and wallets regarding a hard fork on November 15. Nevertheless, there are no catalyst going head for Bitcoin cash as the bearish market is still on.
Trade Step-ups:
Bearish Reversal: Price rejects a breakout from current bearish trend, look for a swing to the bottom level of the trend. Profit level to look for are 410.00.
Bullish Breakout: Price breaks current trend, look for consolidation above 620.00.
BCHBTC Falling wedge breakout!Targets are 13000, 14500, 18000.
This is my personal opinion and this is not a financial advice!
Good trading!
Bitcoin Cash Eyeing a potential Double Bottom breakout. Something has lit a fire under bcash's ass and sent it launching upwards....I was lucky to have gotten on right at the breakout but I took my profits slightly early at .0792 sats. Now I'm contemplating re entering but am expecting bch to have a slight retracement before it shoots for the enckline of the double bottom. It ay not though at this rate....I anticipate it breaching the neckline within the next 3 1 day candles and either doing a temporary fakeout or ust triggering the breakout right away...if it does trigger then BCH will be making its way all the way to the 1 day 200ma in blue. I ahve a feeling November 5th may be a bullish day.