Bitcoin-cash
BITCOIN CASH (BCH/USD) - Technically Strong Signs & Price LevelsAt the moment, the Bitcoin price and the altcoins have started to make a slight correction. Altcoins correction depends highly from BTC but just in case let's prepare for technically good entry areas and currently, let's look where it can be on the Bitcoin Cash chart.
BCH has started to form a bearish chart pattern called Rising Wedge. If the price and if the Daily candle gets a close below the lower trendline and below the $400 then there is a pretty high chance that the price can approach our good entry area. Technically a good entry area stays around $300:
- The round number should work as a support level
- Previous resistance becomes support
- EMA100 & 200 are supporting that strong price level
- Different Fibonacci retracement levels are exactly in this area.
Firstly, prepare for the drop downwards if the Daily candle gets a close below $400 and secondly wait for that possible bounce area. Technically it is pretty good and lately, those levels have worked really nicely on the altcoins.
At the moment, the current trades should be made through the confirmations and a possible bullish confirmation should come after the Daily candle close above $450, the first target is $500. I have to mention this scenario because my major target on BTC is still $10,000, nothing has changed it, yet!
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BCHUSD Experimental Elliot Wave Setup 1 Hour
I guess I'm going to start calling this the Mikeiavelli Wave since it's not exactly an Elliot wave, but really just an Elliot wave setup that is using price's distance from an exponential moving average to chart the wave instead of the literal price action of bitcoin cash/bitcoin.
So I spotted something while setting up this BCH chart, and that the targets of two waves, one a sub wave, line up the 1.618 and 1.414. Funny thing is this is the same for bitcoin's chart:
Not sure what to make of the confluence, I suppose in the initial wave, if the btc/bch ratio stayed the same, then the waves would have the same fib ratios, but this was over quite some time, so on jan 24th, the ratio was .036, and on the 4th of feb, the ratio was .041
So anyways very interesting, will continue to look for this harmony, and maybe check ethusd next.
Original Experimental Elliot Wave:
Previous Analysis:
BCH to around 1500 a real possibility! Traces of trend reversalWeekly candle charts are more accurate than daily candle charts, monthly are better than weekly and so on and so forth. Here we are looking at the monthly. We see something very nice. We see higher lows! It looks like we are on our way to retest 517 (our previous high) If we go over 517 or rather 520 (the crowd likes nice round numbers) then according to the monthly chart we don't have much stopping us getting to the price of between 1348 & 1842. Which would be an insane price jump. Higher lows is good but not a guarantee that the we are in an upwards trend, higher high is a better indicator so we shall wait and see. With the bitcoin halving coming up I speculate we will see a nice jump over that 520 mark and then whatever happens, happens. There is a natural resistance at the 1000 mark. I'm aware of that. Can't wait to see what unfolds.
As always! These are all probabilities and possibilities. Just like in holdem poker AA doesn't always win! But looking at this, I feel like I have a nice hand where Im willing gamble with it. If it doesn't pan out I take a tiny loss and live to play and wait for my next good hand.
Good luck! Be smart and always protect your money at all costs! It is the most important thing you need to learn.
BCHUSD 300% Parabolic Move Some thoughts and highlighted trendlines regarding Bitcoin Cash's quiet sideways movement, perhaps we'll see some movement from alts into 2020 now that attention is on Bitcoin. We have a head and shoulders possibility here to send us down, but I think that is already invalidated. H&S usually don't hold much weight in crypto.
Keep an eye on it!
Bitcoin Cash - Buy when it's cheap and sell when it's high.Hi friends, looking at the chart Bitcoin Cash price was playing in the range between two horizontal lines. And recently in med-term (4H timeframe I mean), it drew Falling wedge, and broke up finally.
So what can we do at current minor signal of altseason?
Binance coin finally got golden cross (50EMA, 200EMA). and the price is at the support line I think.
And why I think it's cheap, is my RSI pivot support/resistance line says it's oversold, and SToch also oversold.
Enjoy the trading with strict risk management.
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BCHABC/BTC (1D): Where Is Going to Be the 1st Strong Resistance?The coin stopped updating its minimums. That's a 1st sign that the trend is switching to a bullish gradually. Right now we are in an accumulation period. If the market maker will give us a chance, then a good entry point will be from a lower dynamic line. Targets are marked on the chart. Good luck everyone!
Bullish on Bitcoin Cash if this happensI believe a inverse head & shoulders pattern is developping.
I'm looking for the price to retrace to $309 and then buy some $BCH in hope for the price to go back to $318 which would validate the pattern, and smash through the moving average resistance up to $336.
$BCH is a sleeping beast, I am betting on it.
#BCHUSD#Bitcoin Cash, Short signal with low riskTechnical Analysis, H4 Time.
The BCHUSD is stuck in the $ 285 to $ 336 range, only serious news can move it away.
You can see that a double top template is created here.
It is best to sell close to the resistance especially the above case there is a lot of uncertainty.
Target: $ 290
ABCABC (BITCOIN CASH) NOW=0.0334
UNTIL TOMORROW PRICE REACH 0.034027 BTC. THIS PRICE IS VERY VERY IMPORTANT . IF BCH PRICE CAN BREAK AND HOLD IT THEN PRICE ACCORDING GREEN LINE WILL GO TO 0.04134 BTC
ELSE PRICE ACCORDING TO RED WAY FALL DOWN TO 0.019696 BTC
I THINK 0.019696 BTC IS GOOD PRICE TO BUY
BCHUSD Bitcoin $$$$$$$ Gann Cycles 6/26I made a trailing indicator for GANN cycles. These cycles are based off (at least partially) of the zodiac. The short cycles are moon cycles. (closest to current price 7/10/14/20/21/28/30)
So as important cycles approach pivot points, price will react or reverse.