BCH time to retraceBCH tested Fib 61.8%. more chance to short now. chance to test higher fibs as well but more on short.
BCHSHORT
BCH NOT GOOD - OR SELL OR SHORT The market has just plummeted, but for a classic pattern trader I still have to share with you the bad thing about BCH / BTC.
BCH SELL OR SHORT (X3) FROM : 0.0270-0.02750
TARGET 1 : 0.02400
TARGER 2 : 0.02000
SL : 0.02950
Bcash Coin slow and steadyI'll give the coin a chance and buy some at $6.5 or prolly will just cash them out to get a lambo
BCH Bitmex Pump or Dump??BCH is considered to be one of the best coins on Bitmex for gain.
Wait for a breakout either side.
At least 50% profit with 10x leverage!!
BitcoinCash BCH USD ready for new lowIn my past BCH analysis we have seen down rally got support near $275, and we used it as buying during pullback wave.
As we can see from our 4 hour chart there has been price rejection around $325 resistance. The BCH is ready for downward moment.
The new bottom we are looking here is (240) Target1 278, Target2 262, Target3 240 placed above support zone. Last wave going up touching 325 was just pullback and price rejection has seen twice at same level. Until then go short if your analysis matches mine. STOP LOSS near $330.
We will analyze again when it reaches near next support based on how it reacts with it. Please like, follow and let me know if you looking analysis for other coins, I will try my best
BCH USDBCH/USD
Quite the significant bearish div here on the 12H. If I were in a long, I would be careful.
If we do pull back from here, I'd anticipate the green box below to get tested as support; from there we'll see how the bulls react.
BCHABC Short BCHABC Trend Hypothesis
> Green sphere represents buy zone, trend reversal
> If the trend continues down this path, BCHABC seems to indicate over sold conditions (RSI level matching previous drop level)
> Approaching strong support lines and backed by the 4hrly 200 EMA and Fib.level. 0.5
> Pattern flat towards the bottom
> Seems to line up with BTC imminent potential breakup
Bitcoin Cash broke support expecting more downsideBitcoin cash broke support i will be looking for a short on a pullback on the S/R level.
The box ive drawn shows a liquidity Gap which means that area has been traded through inefficiently so i expect this to be filled. I normally do not like to trade Bitmax altcoins but this setup is just A+ .
$BCHABC - 4HR - SHORT- Dropped below 4hr OB which previously acted as support
- Take profit 1 = top of daily OB @ 7.80%
- Final target is just under a daily low
- will be shorting on BITMEX
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
Bitcoin Cash Pojecttion 12HrsRegards,
Updating Bitcon's current cash scenario, I see it transiting an ascending channel started from $ 645 @ $ 781 starting from yesterday
a decline from its lower retest around $ 710 to settle at current levels of $ 773 to $ 760.
In the idea of the possible projections for greater probability upwards, this is due to the fact that a pennant that represents in these instances a continuity pattern can be negotiated; but as we already know the market has the last word.
Projections:
Upload 820 @ 835
Download 735 @ 710
Thanks for your comments and I like it; if you liked
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Saludos,
Actualizando el panorama actual de Bitcon cash, lo veo transitando un canal ascendente iniciado desde $645 @ $781 iniciando desde ayer
una subida desde su retesteo inferior alrededor de los $710 para situarse a los niveles actuales de $773 @ $760.
En la idea dejo las posibles proyecciones dando mayor probabilidad hacia arriba, esto debido a que se esta negociando un banderín lo cual representa en estas instancias un patrón de continuidad; pero como ya sabemos el mercado tiene la ultima palabra.
Proyecciones:
Subida 820 @ 835
Bajada 735 @ 710
Gracias por tus comentarios y likes; si te a gustado.
BCHBTC ShortWhy wouldn't you be short here?
Weekly view is the single most eye opening thing I've looked at this weekend for many assets...
I am shocked and appalled with myself for not seeing this so much sooner.
If you're late to this party, I wouldn't worry, I am confident in the 100% retracement.
See you there.
This is not financial advice.
SHORT BCH 10x leverage between 0,1362 and 0,1355Premium call given yesterday at 3.30pm UTC !
SHORT BCH with 10x leverage
Entry zone: 0.1362 to 0.1355
Target 1: 0.1346
Target 2: 0.1336
Target 3: 0.1322
Target 4: 0.1310
Stop-Loss: 0.1382
Remember to move your stop-loss to targets !
BCH sell signaleOf course one has to wait until the upcoming hardfork before selling the coins, if this is the reason for holding the BCH-coins.
But technically the signs for a near correction are strong.
1) There is a negative divergence between the RSI and BCH - peaks
2) BTC and altcoins are already in correction mode. They have lost some points from their high. Meanwhile BCH is steady on high level. This spread will be closed and it will look like a crash.
3) ADX is sending alarm signals too. DI- is rising out of negative zone while DI+ is just on the neutral line and will cross the DI- trendline soon.
4) with Elliot-waves we can see that the ATH has already been achieved and we´ve just entered the corrective waves; wave B could be the last possibilty to get out before a steep wave c would lead to a very lower price
If I were not interested in the hardfork I would sell my coins; at least take profit.
This is no trading advice! And of course I can be wrong.
BCHUSDNow price in the middle of downtrend channel under 2 cross resistance lines. MAs shows continue of decreasing. Mostly price go down to supply zone near 161.8 Fibonacci.
BCH/USD Leaning towards the bearish sidePosition: Leaning Bearish.
I am going to trade BCH because it made for a great trade last time it got clobbered. While I didn't trade it last time, I will look to scoop up smaller amounts on the way down in a martingale fashion. If you scooped up shares down to 800, you made a great ROI on the way back up, even if you got out at the 1200-1300 area.
Bear indicators:
1. MACD averages crossing down, but... still in positive territory.
2. RSI is in oversold territory and it's topped while showing signs od divergence
3. Hit it's massive trendline that has proved resilient.
For all of this to be confirmed, we need a break of that $1300 support level. It could very well break up, but we will at least go sideways for a little while.
Happy Trading
-Sherem
