Bitcoin Cash SEPTEMBER 2017Bitcoin cash price after bouncing from $500 failed near $725 against the US Dollar.
There was a break above a key descending channel at $590 on the 4-hours chart of BCH/USD
The pair is once again heading lower and might trade towards $550 in the near term.
Bitcoin cash price after a correction struggled to remain above $700 against the US Dollar. BCH/USD is again bearish and likely to retest $550.
We are ahead of big moves.
Bitcoin-cash
BCH next Pump or Bulltrap?Bcash consolidated well and the market crash didnt hit it hard. Now looks like a breakout, you can buy now or until 0.13 levels, would be breakout point
If it goes under 0.12 we sell it, maybe stoploss .15
BCHUSDT Buy Opportunity - Key Zone A reversal of Bitcoin Cash's bearish stretch is upon us as reflected by the 4H chart - right around the $600 level seems to be a great buy opportunity!
BCHBTC 3H CHART BITCOIN CASH MARKET CONDITIONSAfter the rally that started 8/17, BCHBTC pair found back support at 0.1385 and 0.1576 (which is 0.5 retracement).
Since this seems to be a bullish market, a break of downtrend line could lead back to ATH. However, market is in range conditions.
Consider MA20 just crossed below MA50, which is a bearish sign.
WNZ
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BCH Short TermBCH could break the resistance in a third attempt and pump to about 760, then doing may 1 or 2 runs more for today, cause some Korean pumpers try it hard ;-)
Bcash 1 more pump, wave 5, target $1100Expecting one more pump with difficulty adjustment coming up for miners. Afterwards dump with consolidation at $600.
Bitcoin Cash second break out opportunityAfter failing to remain on the uptrend line shown in my previous idea, BCC / BCH is still showing consolidation action slightly below the $300 level. After a long time of consolidation there are neither buy nor sell signals, which means we will have to wait for a clear one to show itself soon. This technical analysis is based on the fact that after consolidation there will be a break out either up or downwards.
Conclusion: We still have to wait for a clear move.
Bitcoin Cash break outAfter Poloniex credited BCC / BCH to its users and nothing major happened, the market is now ready for some movement. The fear of Bitcoin Cash going down in price after another large exchange lists it is seen as the reason why it was in a rather long consolidation phase. The chart shows that the price has remained withing a certain range and is now reaching a break out point.
Long trades can be considered if the price does not break the uptrend line and starts going up from there.
BCHUSD Strong Support and some GOOD news from CoinbaseSup guys, first i will begin with some good news for BCH. Coinbase announced last 3 hours that will support BitcoinCash. The reason is one that was expected, improved technology. Do not forget about Ethereum fork, nobody trusted new Ether and now look at the price compared to original one. Time will decide in BitcoinCash favor no matter what people are saying. If they like it or no, some big exchanges will change the game.
So, as you can see the chart, there is a great opportunity to enter Long because of the good support and Coinbase update: blog.coinbase.com
Bearish Sell Off Possible? BCCHere we are, days before the possible split of Bitcoin to Bitcoin Cash (BCC). This could have a number effects on the cryptocurrency, least of which is some price movements.
It appears many are buying for the sake of having some BCC when the split happens on August 1st. These buyers could turn really aggressive bear after August 1st after they get their BCC.
On the charts, we have what looks like a double top forming. Not the best I have seen, but it has potential, especially when paired with the BTC split.
From the previous high, we see a 3.85% difference in the tops which is what you would like to see in this formation. This suggests that the bears kept the highs from smashing through the previous high or even touching it for that matter.
The fall down to the now neckline is in range for what you would want at 18.31%.
Volume appears to be slowing on the upswings while it is heavier on the way down.
The uptrend before this is exactly what I want to see coming into this. It has to be there in order for bears to take their profits.
Still waiting on a confirmation as to both the price direction and volume as to whether or not this double top takes place. It must break the neckline with sufficient volume in order to be considered worthy of trading. Again, this could happen if those buying for BCC sell out in massive numbers on or after August 1st.
And at least we have some good resistance lines in place that would be wise to look at.
