It looks like bch has completed a falling wedge pattern, which is often bullish. The pattern is interesting because there is triple bullish divergence on the RSI, the price in satoshi is dropping, but the momentum isn't following to the downside. A bounce could be incoming. This combined with the btc halving could see bch propel higher. IF it breaks the dotted...
Formation of harmonic bullish BAT pattern: The Bitcoin Cash with Bitcoin pair is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone to give chance to earn more gains. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50...
BCH/BTC BCH broke bullish of this inverse H&S pattern and currently testing the old resistance to potentially turn into new support territory. Bullish momentum cross of 26 EMA and 50MA on the 4H time-frame gives us to shift bias to the upside. Now, BCH needs to hold this current price levels for at least 24-48H to keep this short-term uptrend intact. A price drop...
Looking at the bigger picture, weekly chart. Bch has been accumulating since November 2018 (drama lama hard pork period). It looks like that accumulation is over. What a coincidence tho, this coincides with bch halving, happening in 40 days roughly. Keep in mind bch halving happens before BTC halving, and whales love to make as much money as possible. So the...
BCH/BTC BCH broke upward trend-line support but immediately bought up at a key support area between 0.382-0.5 Fib. This area of support also coincides with the 50D MA plus the previous swing Low at 0.0370 sats which resulted in the price reaction to pull back up by 10%. I'm expecting BCH to consolidate at these current levels for the next 24 - 48 hours before...
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BCH/USD BCH went straight up over 37% within a day and passed thru 200D MA too. We know the history of BCH, it loves to pump hard and dump hard after but this one is a bit different. BCH breaks key resistance areas and trading above $300. I'm not buying this coin yet, I'll wait for the price to pullback at key support areas where the 200MA coincides.
BCH/BTC BCH just closes the day with an engulfing bullish candle and above key resistances. Now that resistance areas are broken, BCH has to do is to confirm this old resistance turning into new support and we can see another 10% move up before it reaches our target zone. But we can't be overconfident even the 200MA is on our side during this uptrend, the RSI...
BCH/BTC BCH reached the target zone and now facing a potential pullback to retest on previous resistance to turn into new support between 0.02929 - 0.02838 regions. After BCH reached overbought condition after quite some time, the price immediately reacted and reversing back to a normal level. BCH may have to consolidate and find new support to continue its...
BCH/BTC BCH broke bullish after trading outside the trend-line resistance. We can see an EMA cross of 12 & 26 on the Daily time-frame. This will signal an early sign of momentum change to the upside. I expect BCH to cool down a bit as the price is extended during its breakout. A retest of the EMAs and immediate support between 0.382 and 0.236 regions.
BCHBTC NEXT WEEK BULLISH MOVE IS READY. Note: This is only for Educational Purpose this is not Investment advice.
BCH/BTC BCH broke the support area between 2690000 - 2630000 sats and currently struggling to get above the old support. If Bitcoin Cash is unable to get above 270000 sats, I expect further downside to retest the old swing low at 240000 sats regions. Though RSI is too extended below oversold conditions, we might see a pullback to the upside.
$BCH Starting to look interesting; we're still being rejected at weekly resistance so I wouldn't be a buyer just yet, however if we see a weekly close above 0.03257, I'd anticipate a +48% move to retest the 0.04843 level, which would then entice me more than the current R:R.
Its about time Bitcoin Cash gave us the opportunity to long those steroidal rallies, this is looking like a safe bet to get in before the storm strikes next week. - Daily Bullish engulfing Support Levels: - Mid Range: .3009 BTC Resistance levels: - 25% range : .03115 BTC (Very weak resistance now, hammered 3 times already) - Range High : .03219 BTC (Strong...
Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. Green line indicates t/p. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see...
Update. As before, we expect the consolidation to be completed and the BCH growth impulse to start.