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BCHUSD UPDATE - WHAT NEXT? ANY THOUGHTS?Last time i analysed BCHUSD, i noted that we could be seeing a support at the blue line as now confirmed. This drop has coincided with the BTCUSD and ETHUSD drop that we have all witnessed. Stoch RSI is now crossing over now also, we could be seeing the start of the uptrend. on the 7th Nov BTCUSD was around $630 now dropped down to just below $207. this has caused a lot of pessimism in the market which i believe will bring back the money makers. caution, if this breaks below the blue line then we are looking at another low. trade safe like, comment and follow
KRAKEN:BCHUSDLong
by SiriusTrading
2
BCH - MAKE $$$ SHORTING BITCOIN CASH PRIOR TO HARD FORK ON NOV15Analyzing the $BCH chart we can see a high probability of a down trend and hopeful retracement down the fibonacci level and moving averages. My personal trade is as follows: --open short position on 5x leverage at the .0750 level --take profts at P1, P2 --close trade at the golden ratio .619 which also coincides with the 50 day moving average. Gredy trade: -- wait for a spike back to the .0766 level --take profts at P1, P2, P3 -- close your trades at the P4, P5 ranges which is also the 100 and 200 day moving averages. Could even monitor how the fork date goes and if a heavy drop coincides that may even be able to reach the .382 fib level.
BShort
by bardownzy
5
Bitcoin Cash correction is not over yet !Bitcoin cash crash to 410$ 2018 low till now. Going inside a falling wedge since 3rd week of May 2018. According to 2 pol target we can see on the bch chart, the 1st target showing BCH to 260$-270$ and there is a Fib retracement level 127.20% at the exact target and the 2nd target is showing BCH to 410$-415$, at the exact target BCH did a bounce back as we can see on the chart. Now there are two possibilities from the current market trades BCH can jump up to 600$ - 660$ to test as resistance. OR if BCH couldn't hold the support of 410$-415$ then expect Bitcoin Cash to see at 260$-270$. Yes, its possible.
BLong
by UnknownUnicorn3470358