BCH - Massive Inverse Head and Shoulders spotted on the dailyWatch for a reversal on the right shoulder. If the inverse HS target price is hit, we could have a 50% gain. Currently at 30 on the 4-hour RSI and the daily RSI has come down quite a bit.
BCHBTC
BCH Bitcoin cash, wedge, bear flag, H&S Bitcoin cash, this one got pumped so hard the past month to make the crypto market crazy again. This strategy seems to be over already and from the looks of it, price want's to drop again. It has formed several bearish patterns, the biggest one is the possible H&S. The right should is still not complete, so things could still become bullish eventually. Since the green area is a very big support area! So as long as price is able to stay above the 1.250 than it's still bullish. So if we drop towards that level and the support would hold it will fail the H&S which could trigger an acceleration upwards. But i give that scenario 25% chance. The bearish pattern has more chances for succeeding
Bitcoin Cash hard fork. Worth it without free tokens?Coin of the day is Bitcoin Cash.
The most famous hard fork of Bitcoin, Bitcoin Cash solves infamous Bitcoin scalability problems in its own style, trying to cut any possible corner and become the most usable and adoptable cryptocurrency.
15 May hard fork
Was the announcement of future BCH fork fueling the coin growth? Did people bought the coin in anticipation of getting new free tokens? It is certainly possible, as many people associate the phrase “hard fork” with “free” tokens. Not every hard fork creates a new cryptocurrency however, and you’ll be sorely disappointed if you bought BCH in order to secure coins of a new cryptocurrency.
The BCH hard fork scheduled for May 15 will change Bitcoin Cash’s consensus rules, but there will be no new cryptocurrency as a result.
Bitcoin Cash main course is to resolve BTC scaling problems. The side that is now advocating for BCH is saying that BTC will never be able to scale properly as long as its maximum block size remains limited to 1 megabyte. Bitcoin Cash claims to greatly improve scalability with its 8 megabyte block size, while those who advocate for the original Bitcoin are leaning on second layer solutions such as the Lightning Network.
If today fork is successful, Bitcoin Cash will increase its maximum block size even further to 32 megabytes. Such improvement seems to be excessive for current network load, as the average Bitcoin Cash block size never came close to exceeding the 8 mb limit and only peaked at the 4.7 mb mark for a brief period in mid-January according network researchers. Probably the team expects that the load will increase or this move with the expectation of a distant future.
The Hard Fork is set to take place at 16:00 UTC, therefore this afternoon should see some increased activity within the Bitcoin Cash network. Though this is unlikely to lead the price to spike, we should watch out for signs of surges as we near the allocated fork time. Moreover, we should also be cautious about this causing the value of Bitcoin Cash to drop, this too, is possible.
What is announced for hard fork:
Block size increase from 8MB to 32MB.
The OP_RETURN data carrier size is increasing to 220 bytes. This will enable smart contracts.
Bitcoin Unlimited , the full node implementation for Bitcoin and Bitcoin Cash networks plays an important role in the upcoming hard fork along with ABC developers.
Technicals
BCCBTC is trading in the correctional pattern to the April growth. Peaked on May 6th the price was gradually lowering, making the flag formation. Last three days were showing that the price seems to find a support level in the 0.155 - 0.16 zone. 100-days EMA stays below the price, and the overall pattern looks bullish. If we consider the takeoff scenario from the 0.16 level, a breakthrough of the Bearish Trend Line and 0.17 level will be a confirmation signal. 0.14 level could be a support for the deeper correctional movement in case of the after-hard-fork drawdown. Breakthrough below the 100-days EMA would send the price into a more depressive pattern.
BCH $2100 INCOMING MISSILE LAUNCHwe've done the retrace by the books and now thrusters have been refilled to above maximum capacity. wave goodbye to nasa. i am a financially independently this is no advice
BCH BITCOIN CASH AnalysisFinancial Analysis, good profits.
Bitcoin Cash Smart Contract / 32 MB Block / Lower fees / Lower consumption for mining.
Hard Fork May 15, the game will change!
Let's discuss Bitcoin Cash before hard fork on 15th of May!Bitcoin Cash is one of the coins in the last days/weeks which had a strong movement. Why? Because of the hard fork at the 15th of May. People are expecting a huge jump in the next 2/3 days. But I see the possibility of people selling or holding. Together with the uncertainity of how Bitcoin will behave the next two days (see my last Bitcoin chart to see what I think about what will happen), I have huge doubts about huge possible profits, here.
But there is big potential. I assumed it would have gone gone higher than the 1850 USD. But this didn't work. There was even an assumption of 0.25 BTC. But it slowed down hugely, so it didn't achieve 0.2 BTC. Considering last BTC hard forks, I think that a big movement here is unlikely. There is a strong resistance line here which I don't think it will break, easily. Risks are high that there will be a fake breakout causing in lot's of FOMO losses.
The movements I see right now are between a strong fibonacci level and the mentioned resistance line. All in all, a possible win of mere 10% in USD if this happens.
The maximal profit potentials are up to 2k level. ~1850 USD would make more sense, though. This would be huge!
Depending on how the chart really goes, I might change my assumptions and keep you updated. There is still plenty of time to make a breakout of the resistance line. Until then keep in mind that there will be a hard fork and there still is potential. So, don't forget about this coin till then.
Have luck!
BCHBTC Poses Lonely GainsDear investors,
While the entire crypto market faces cloud sky, BCHBTC remains a strong pair to attract traders' attentions. A previous high of 0.169 on April 23th, 2018 was broken on May 5th when we saw large buying volumes overtaking the resistance line with bright overall market momentum, reaching a high of 0.187. The support remained intact for the next week, until we saw sharp decline on May 11th, when BCHBTC was carried down about 10% by the overall market momentum. The current trading volume of BCH is significantly higher than most other coins, equivalent to about 4.4% of its market cap. This relative volume/capitalization makes BCHBTC relatively bullish on the short-term comparing to other major coins. As we take on the 0.169 level again, the MACD creates a buy signal with a bullish cross at the -0.002 level. If recovery remains on track, our profit target is located to return to the ascending trend line set up in the beginning of May.
Entry Point: As close to 0.157 as possible
Profit Target: 0.185, 0.190, raise stop-loss to break even when first profit target hits
Stop-loss: 0.150
Note: Exit trade immediately if the 0.157 resistance line does not hold
The journey to parity and beyond...BCH v BTCThe journey to parity...(BCHUSD-BTCUSD)
This chart shows the difference between the USD value of BTC and BCH. There is a clear trend and BCH looks set to close the gap as it bumps up against an overhead trend line.
BCH BCC / BTC Update on BCC BCH / BTC
Binance
If the 0.786 fib lvl will hold (0.165537) we can see a bounce back to our top of the wedge!
The 0.618 fib lvl is a strong level! (0.149582) - the orange case is the most possible way we will go.
Strong support of BCC BCH is the 200 MA which is around 0.13600
BITCOIN CASH: NEW DEVELOPMENTS = 25.54% PROFIT!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 1st of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 25.54% PROFIT!!!
December 2017: GDAX reallows access to Bitcoin Cash trading.
February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash.
January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash trading on its GDAX exchange last month.
January 27: The developers behind Bitcoin ABC , a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC and BCH addresses.
March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash transactions.
April 16: Bitcoin Cash announces Memo: An onchain social network built on Bitcoin Cash.
April 19: Bitcoin Cash announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash.
April 22: Bitpay Adds Bitcoin Cash 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 Opposers Scrap Lawsuit Against Bitcoin.com, Citing Lack Of Cash
May 4: A new on-chain social network based on Bitcoin Cash blockchain was launched this week. Blockpress allows people to create, share and, connect with each other without the involvement of intermediaries. The application, according to its team, has already shown great prospects despite still being in the testing phase.
May 8: Bitcoin Cash Fund partners with YeeCallApp to Bring BitcoinCash to 33 Million People in Asia.
May 9: Bitcoin Suisse announces the release of a new version of the “Online Trading Platform”, which now offers Ether (ETH) and Bitcoin Cash (BCH) in addition to Bitcoin (BTC)
These factors have together with the substantial increase in trading volume have led to Bitcoin Cash's' increase in price.
BCH Rally Set to Continue BCH has been on a tear since the early April bottom. Yellow boxes are targets.
Resistance at the 0.18 BCHBTC at the 0.618 level, blew past 0.5 level.
BCHUSD saw earlier resistance at 0.236 but today's day candle has shown signs of a trend reversal - the 0.236 level, which once was a resistance level, is now a support level. This leads me to believe that BCHUSD can continue to outperform BTC.
Watch BCHBTC levels as above 0.2 has never been sustained. This may be a near term opportunity only, unless BCHUSD sustains unprecedented BCHBTC levels.
If you missed our first HUNT, you may want to check this!New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support lines (0.1610) & (0.1480), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:
Midterm forecast:
While the level 0.1480 is not broken, the Midterm wave will be uptrend.
Price may also reach 0.1480, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 0.1480 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 70.
Total Profit: 52816 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 23490 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.17009(current price) - 0.09179(open price) = 7830 pip
3 trade(s) still open, therefore total profit for open trade(s) is 7830 x 3 = 23490 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
If you missed our first HUNT, you may want to check this!New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support lines (0.1610) & (0.1480), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:
Midterm forecast:
While the level 0.1480 is not broken, the Midterm wave will be uptrend.
Price may also reach 0.1480, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 0.1480 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 70.
Total Profit: 52816 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 23490 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.17009(current price) - 0.09179(open price) = 7830 pip
3 trade(s) still open, therefore total profit for open trade(s) is 7830 x 3 = 23490 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
BCH/BTC (BCHM18)Whats Up Guys,
Im trying to make a quick scalp here. I Entered long BCH Bitcoin Cash. 15x Leverage
Looking to trade at the target area listed on the chart. Make sure you adjust your values if you're trading BCH/BTC (Bitcoin Cash / Bitcoin) vs a specific Pair like BCHM18.
Stop Loss - Red Line
Target Area Boxed Out.
Good Luck. See you on the trading floor.
www.bitmex.com
