BCH - $500 too strong....for nowBCH broke the trendline with decent volume yesterday, moving with the rest of the market but has yet again found it hard to break that $500 psychological barrier on its second attempt. I think it will take a leg higher in BTC for it to muster the strength pierce that supply area before moving quickly to $530 as RSI seems to be turning over right now, which mirrors our outlook on a pullback right now.
BTC is the driver, even though some are saying XRP is driving the market at the moment. Don't get confused, Bitcoin will dictate where we go next and everything is looking very hot right now so be smart and patient! You're better off waiting for a pullback where the S/R flip occurred near the demand zone than doing anything here.
Thanks guys!
BCHBTC
BCH UpdateAfter yesterdays drop through the support area, BCH nearly hit our target by a few ticks but profits were still taken on the trade as it played out perfectly. Being flat now waiting for a potential test of the support area now turned into resistance (S/R Flip )is a wise move as we are now in no-mans-land.
RSI is turning back up while MACD has flatlined shows the indecision right now in the price, which also reflects the uncertainty of BTC's direction.
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BCC - when, when not now?BCC is one of the top currencies, when enter than now?
Partialy buy at the price drop. Dont go allin. Or wait longer?
Too much about BCC do not see, why? I dont know..
I think we are approaching very strong support, but I'm amateur and all my analyzes are purely like a hobby, I do not understand too many technical aspects.
Trade at your own risk.
I dont like too long analyzes and realy I dont like IF in them.
But, IF BTC will exist and be stable, BCC will go to the moon :)..
Buy, forget and wait for lambo :D...
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I'm not a professional trader, but amateur. I do not understand too many technical aspects (trying to learn), and I do not know much formations.
All my analyzes are purely like a hobby.
I share my thoughts here because I enjoy it.
I'm not responsible for your losses, thank you for your understanding.
My own ten (I'd like to follow, I'm working on it):
1. Follow the tenth
2. Patience
3. Modesty
4. No emotion
5. Do not get into the rocket (do not buy pumped)
6. Be on the launch of the rocket (buy dips)
7. Do not buy allin
8. Do not sell at loss (do not use stop loss, buy only good project)
9. At a big loss (eg -20%) buy more (dip) and forget
10. Do not forget to live a reality, enjoy it
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BCH/BTC Still holding Long#BCH #Long (BitMEX Or Binance)
#Open: 0.0697-0.0704 opend last night
#Targets:
0.0715 (we hit 2 sats under)
0.0729
0.0735
0.0750
#Stop_Loss: 2-4%
BCCBTC Short: Fundamentals and TechnicalsLooks like a bearish divergence on the RSI with lower highs on higher RSI levels at previous prices.
Throw in some Craig Wright drama with Roger Ver, pending forks, technical questions and continued development on the BTC competition, short looks obvious to me.
Bitcoin Cash Approaching To 2018 Low Point!Currently, we sitting on the round number area at $500. We have tried to break this two times and those attempts were unsuccessful and currently the last 4h candle close gave us a minor break below the $500 (close was $499.5) and currently the last 4h candle formed a pattern called "Dragonfly doji"/"Hammer" which indicates that the trend could turn around so, we have mixed sings :)
If we start to fall further from the round number then our next support would be 2018 low which is at $471.1. If this level doesn't hold us then there are the minor level where Bitcoin' Cash' started rally upwards from last year but I think this level is just a good to know and if we drop below 2018 low then we are in a big trouble and we could even touch the $300, there is the bottom trendline pulled from the daily chart!
If You want to search a bounce zone then technically there are no good areas where multiple criteria would meet but if Bitcoin' founds a support from the current price then we could see a little bounce from here around $500 because currently, this level hols us pretty well.
Summary: If the 2018 low breaks we are in a big trouble and if You look for a bounce and some quick profits then here is the opportunity BUT ONLY then when Bitcoin' shows some positive signs!!
BITCOIN CASH: BSV TOKEN & BITPAY INTEGRATION - PROFIT = 18.33% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 30th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 18.33% PROFIT!!!
The increase in price may also be explained by positive developments including:
Dec 2017: GDAX reallows access to Bitcoin Cash 4.78% 6.48% trading.
February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash 4.78% 6.48% .
January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash 4.78% 6.48% trading on its GDAX exchange last month.
January 27: The developers behind Bitcoin 0.25% 1.05% ABC , a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash 4.78% 6.48% network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC 0.25% 1.05% and BCH addresses.
March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash 4.78% 6.48% transactions.
April 16: Bitcoin Cash 6.48% announces Memo: An onchain social network built on Bitcoin Cash 4.78% 6.48% .
April 19: Bitcoin Cash 4.78% 6.48% announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash 4.78% 6.48% .
April 22: Bitpay Adds Bitcoin Cash 4.78% 6.48% Support to Checkout Point-of-Sale App
April 27: Bitcoin Cash's announces that next fork will add "larger block sizes" and "smart contracts".
May 4: Bitcoin Cash 4.78% Opposers Scrap Lawsuit Against Bitcoin 0.25% 1.05% .com, Citing Lack Of Cash
May 19: Bitcoin initiates hard fork and adds 32MB blocks and smart contract functionality.
May 21: Cryptocurrency investor Brian Kelly said Monday bitcoin cash 4.78% is the must-own digital currency of the moment.
May 24: Mobile banking app Revolut now lets users buy, sell cryptocurrency adds BitcoinCash.
May 30: Devere Group, an international financial consultancy boasting well over 80,000 clients in more than 100 countries, has announced that Bitcoin Cash 4.78% (BCH) have now been added its recently released cryptocurrency exchange app Devere Crypto.
June 1: Unocoin (Indian Exchange) lists Bitcoin Cash 4.78% .
June 2: A Bitcoin Cash 4.78% related charity called "Eat BCH" is setup that is focused on feeding South Sudanese Families with Food Paid for With Bitcoin Cash 4.78% Donations.
June 2: Bitcoin Cash 4.78% Fund starts new website to push Bitcoin Cash 4.78% . The website, bitcoincashers. org 0.59% , is a portal that will educate the masses on what cryptocurrencies are, how it works and how to buy, sell, and trade with these digital assets
June 3: Bitcoin Cash wallet HandCash releases Mainnet BETA for Android.This Bitcoin Cash 4.78% wallet has advantages including the enablement of NFC payments.
June 3: JP Morgan internal Cryptocurrency prediction report notes that Bitcoin Cash 4.78% is here to stay.
September 1: CoinEx Exchange announces they will create a BSV token and award them to users on a 1:1 basis with their bitcoin cash (BCH) holdings, based on a snapshot at the time of the fork — should such a fork happen.
September 2: The cryptocurrency payment processor Bitpay just recently the firm added bitcoin cash support for merchant invoices and the company’s debit card loads.
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
BCH break out! Watch for previous tops at 610Hello dear BCH fans, traders and HODLers!
BCH just broke with a huge volume spike. We have now reached the previous highs of the equilibrium at 610, it is normal to see a reaction here from the bears. If we can break further, we have the previous resistance before the bear break on the daily at 645-650.
To the downside we have the 525-520 Daily higher Lows as clear break, should we top out at 610.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Bitcoin Cash break coming!Hello my dear Bitcoin Cash traders! ;)
BCH is still waiting for big brother BTC to make its move on 6.800: We are clearly inside an equilibrium right now, definitely more descending than penannt pattern, but of course, gonna highly depend on where we break with big brother BTC. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BCH can bounce#BCH
At the moment there is a chance of a rebound. There is good support, but a little lower it is recommended to use a stop order.
#BCHLooks awful Similar, My super low bids didn't get hit adding now with bids placed from .097 and .1
BCH/BCHU18 LongWe have been looking at BITMEX:BCHU18 downtrend and on the denoted blue square we can see a daily downtrend line broken and used as support. The best long opportunity would've have been the re-test on 16 August 0900 Eastern Standard Time. BITMEX:BCHU18 just started an uptrend and volume is picking up on the whole cryptocurrency market. We believe that a break of the current ascending triangle upwards would be the best entry point for a long opportunity, playing a classic breakout of the formation. Watch for 0.0851 resistance to be broken, using a 15 minute to 30 minute candle close above, my method would be to market buy and stop back inside the formation or long now with limit with a stop below the current formation.
Possible entries: 0.0855-0.0860
Possible stops: 0.0837
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Bitcoin Cash is threatening to breakdown last major supportI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below!
Patterns: descending triangle
Horizontal support and resistance: S = 0.092 | R = 0.0927
12 & 26 EMA’s (calculate % difference): 12 = currently acting as resistance | 26 = -0.37%
50 & 128 MA’s: 50 = -0.68% | 128 = -4.40%
FIB’s: 0 = 0.092
Candlestick analysis: Bearish spinning top
Ichimoku Cloud: Fullish bearish with Tenkan resistance
TD’ Sequential: R-3 = R-2
Visible Range: Low volume below 0.084. High volume node at 0.1
Bollinger Bands: If not super squeeze then damn near
Trendline: Connect 5/7 to 7/18
Daily Trend: chop
Fractals: UP = 0.1 | DOWN = 0.091
On Balance Volume: New low/bear div’
ADX: Just made a new high after lower highs and higher lows.
Chaikin Money Flow: Resistance < 0 and turning back down
RSI (30 setting): Just made new all time low on daily
Stoch: Bearish cross and turning back down
Summary: If/when 0.09 breaksdown then there is very little support below. Still to early to open a short yet, due to being at support. Good time to set a stop order to open at 0.888. Stop loss = 0.1025 and point of control on the VPVR gives me high confidence that the stop will be safe.
BCHBTC - Almost Ready to Run?Life's a BCH while waiting for BTC...
Similar pattern to January wedge leading to a massive ~90% run.
Daily MACD Cross looks ok, might bounce before anything.
Bottom target around 93,000 sats.
Peace,
DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...
The altseason coming? Nice bitcoin cash trade opportunity.BCHBTC chart here is showing a classic falling wedge pattern
Judging by historical support/resistance, the bottom is very clear here.
We can simply put our stop loss under 0.1 key support and a get a very nice trade with risk reward ratio greater than 8
***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
BitcoinCash Great Entry Point! Jump in....Hello guys, whats up? I hope you have a great day.
Sorry that I didn't post any idea past couple of weeks. I went on a trip and I'm back and hungry for profit!
these days we saw BTCUSD correction lead to a bloody alts market. but as we come closer to C.B.O.E ETF decision we can see scared handes throw away alts. so we can spot very good entry points for them.
in this case, we can saw a very nice falling wedge pattern on the daily chart of BCHBTC and we are close to a major support line.
you can enter here with the stop loss below support line.
just remember always put stop loss in place on this market because no matter how much your setup would be strong, if BTCUSD decide to move against you your coin will move with BTCUSD too.
If you like this idea please leave a like and follow me for further ideas.
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