BCH BitcoinCash Bullish longBitcoin Cash (BCH) soars in value thanks to surge in crypto trading volume in South Korea
Bitcoin Cash (BCH) has seen a significant surge in value, crossing the $300 mark, fuelled by rising crypto trading volumes in South Korea.
The BCH/KRW exchange pair listed on Upbit, one of South Korea’s largest digital asset exchanges, saw a trading volume of $557.63 million in the last 24 hours.
This volume is nearly 3.5 times greater than the BTC/KRW pair on Upbit and 5.5 times greater than the BCH/USD volume on Coinbase, a Nasdaq-listed exchange.
However
the recent BCH rally may be driven by speculative motivations rather than underlying fundamentals.
Strategy Bullish
3Lots
2 Lots will be excecuted at Profit Target Zones
1Lot will follow the Trend
It will be only!!! excecuted ,if Bullish Trend changes
The stops will be delivered as soon as possible to break even,better some pips above the Buyinh price
I have marked my profit targets
Psychology:
1:The price is always right
2The Market is alwas right
3 The Chart is always right
4 IGNORE THE NEWS; Plan your trades and trade your plan.
5Drawdowns are partof the game
6 Risk management and money mangement is King!
7 wHATEVER HAPPENS;sTICK TO YOUR PLAN!
8 In a bear market no price is weak enough
9 In a bull market no price is strong enough
10 Patience !Wait for confirmation: Control emotions and tensions.
Bitcoincashbitcoin
#BCHBTC - Large Triangle Closing - Still Room to Trade!We can see this clearly defined symmetrical triangle acting as both support and resistance for #BCH coming to an end pretty soon - but there's still time for another trade!
Coming off a healthy Short trade into a touch of confusion followed by our current Buy signal from CTv2, there's room in this wedge for another 10% Long trade. What do you guys think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
#BCHUSDT #BITCOINCASH #4HHi guys..its the latest analyze chart of BCHUSDT in 4H timeframe(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
BCH completed Butterfly move for almost 400% big moveHi dear friends, hope you are well, and welcome to the new update on Bitcoin Cash.
On the long-term monthly chart, the price action of the BCH with Bitcoin pair has completed the last leg of the bullish Butterfly pattern and entered the potential reversal zone. The 1.618 Fibonacci retracement level goes in the negative zone and it is not possible for the priceline to enter the negative territory, sofar the priceline has found good support at 0.01052 btc , therefore I have set the buying range from 1.27 Fib level to 0.01052 btc , however, if in the near future there will be some changes, like the priceline finds any new support then I will be keep sharing with you.
There is also a very good downtrend line support as well.
This trade has a huge profit possibility of 399%, and the high loss possibility upto 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
A trading opportunity to buy in BCHBTCMidterm forecast:
While the price is above the support 0.0235, beginning of uptrend is expected.
We make sure when the resistance at 0.0480 breaks.
If the support at 0.0235 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.0285 on 05/09/2020, so more losses to support(s) 0.0246 and minimum to Major Support (0.0235) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 50.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.02455 to 0.02350). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
Beginning of entry zone (0.02455)
Ending of entry zone (0.02350)
Take Profits:
TP1= 0.0296
TP2= 0.0332
TP3= 0.0403
TP4= 0.0480
TP5= 0.0549
TP6= 0.0652
TP7= 0.0868
TP8= 0.1055
TP9= 0.1245
TP10= 0.1857
TP11= Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BCHABCBTC forming bullish Shark | A good long opportunity aheadThe priceline of Bitcoin Cash / Bitcoin cryptocurrency is forming harmonic bullish Shark pattern and soon it will be entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.026831 to 0.026414
Sell between: 0.027202 to 0.028036
Regards,
Atif Akbar (moon333)
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.07810 to 0.06515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.07810)
Ending of entry zone (0.06515)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @0.0905
TP2 = @0.0980
TP3 = @0.1075
TP4 = @0.1210
TP5 = @0.1330
TP6 = @0.1480
TP7 = @0.1770
TP8 = @0.2010
TP9 = @0.2440
TP10 = Free
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.07810 to 0.06515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.07810)
Ending of entry zone (0.06515)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @0.0905
TP2 = @0.0980
TP3 = @0.1075
TP4 = @0.1210
TP5 = @0.1330
TP6 = @0.1480
TP7 = @0.1770
TP8 = @0.2010
TP9 = @0.2440
TP10 = Free
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
. While the price is above the support 0.0655, beginning of uptrend is expected.
. We make sure when the resistance at 0.0980 breaks.
. If the support at 0.0655 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 0.0655 is broken.
Technical analysis:
. The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
. The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 74.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.08800 to 0.07650), if so, we would set orders based on Price Action and expect to reach short-term targets.
. Beginning of entry zone (0.08800)
. Ending of entry zone (0.07650)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0980
TP2= @ 0.1075
TP3= @ 0.1210
TP4= @ 0.1330
TP5= @ 0.1480
TP6= @ 0.1770
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
. While the price is above the support 0.0655, beginning of uptrend is expected.
. We make sure when the resistance at 0.0980 breaks.
. If the support at 0.0655 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 0.0655 is broken.
Technical analysis:
. The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
. The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 74.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.08800 to 0.07650), if so, we would set orders based on Price Action and expect to reach short-term targets.
. Beginning of entry zone (0.08800)
. Ending of entry zone (0.07650)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0980
TP2= @ 0.1075
TP3= @ 0.1210
TP4= @ 0.1330
TP5= @ 0.1480
TP6= @ 0.1770
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
Bitcoin Cash at a crossroads! Bitcoin Cash has continued its steady climb after spiking last week to highs of $530. EMAs, however, continue to trend lower while providing resistance along the way. Depending on the outcome of the next volatility spike, both bulls and bears will have their predictions.
Bulls will argue that we have respected the trendline support and as we currently sit in the demand zone, a move higher is likely. On the other hand, bears will say that we are forming a bear flag as volume has died off completely on this bounce and our target would almost perfectly be the demand zone below near the 50FIB around $366.
Hopefully we get some movement in the coming hours.
Thanks guys!
Continue on a second chance to buy in BitcoincashMidterm forecast:
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
Technical analysis:
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 40.
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trading suggestion:
*We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
*If the Midterm level 0.1210 is broken, we will close these trades.
*Price may also reach 0.1210, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This is depends on personal strategies.
Total Profit: 40480 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 11154 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.12897(current price) - 0.09179(open price) = 3718 pip
3 trade(s) still open, therefore total profit for open trade(s) is 3718 x 3 = 11154 pip
Continue on a second chance to buy in BitcoincashMidterm forecast:
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
Technical analysis:
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 40.
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trading suggestion:
*We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
*If the Midterm level 0.1210 is broken, we will close these trades.
*Price may also reach 0.1210, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This is depends on personal strategies.
Total Profit: 40480 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 11154 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.12897(current price) - 0.09179(open price) = 3718 pip
3 trade(s) still open, therefore total profit for open trade(s) is 3718 x 3 = 11154 pip
There is a second chance to buy in Bitcoincash...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.1210) .
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
. The RSI bounced from the support #1 and it prevented the price from more losses.
. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
Total Profit: 45790 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 16464 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 04.16.2018
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.14667(current price) - 0.09179(open price) = 5488 pip
3 trade(s) still open, therefore total profit for open trade(s) is 5488 x 3 = 16464 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
There is a second chance to buy in Bitcoincash...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.1210) .
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
. The RSI bounced from the support #1 and it prevented the price from more losses.
. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
Total Profit: 45790 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 16464 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 04.16.2018
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.14667(current price) - 0.09179(open price) = 5488 pip
3 trade(s) still open, therefore total profit for open trade(s) is 5488 x 3 = 16464 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
BITCOIN CASH: HARD FORK & INCREASED ADOPTION - PROFIT = 21.16% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of May 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 21.16% PROFIT!!!
The increase in price may also be explained by positive developments including:
Dec 2017: GDAX reallows access to Bitcoin Cash 6.48% trading.
February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash 6.48% .
January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash 6.48% trading on its GDAX exchange last month.
January 27: The developers behind Bitcoin 1.05% ABC , a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash 6.48% network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC 1.05% and BCH addresses.
March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash 6.48% transactions.
April 16: Bitcoin Cash 6.48% announces Memo: An onchain social network built on Bitcoin Cash 6.48% .
April 19: Bitcoin Cash 6.48% announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash 6.48% .
April 22: Bitpay Adds Bitcoin Cash 6.48% Support to Checkout Point-of-Sale App
April 27: Bitcoin Cash's announces that next fork will add "larger block sizes" and "smart contracts".
May 4: Bitcoin Cash Opposers Scrap Lawsuit Against Bitcoin 1.05% .com, Citing Lack Of Cash
(NEW) May 19: Bitcoin initiates hard fork and adds 32MB blocks and smart contract functionality.
(NEW) May 21: Cryptocurrency investor Brian Kelly said Monday bitcoin cash is the must-own digital currency of the moment.
(NEW) May 24: Mobile banking app Revolut now lets users buy, sell cryptocurrency adds BitcoinCash.
(NEW) May 30: Devere Group, an international financial consultancy boasting well over 80,000 clients in more than 100 countries, has announced that Bitcoin Cash (BCH) have now been added its recently released cryptocurrency exchange app Devere Crypto.
(NEW) June 1: Unocoin (Indian Exchange) lists Bitcoin Cash.
(NEW) June 2: A Bitcoin Cash related charity called "Eat BCH" is setup that is focused on feeding South Sudanese Families with Food Paid for With Bitcoin Cash Donations.
(NEW) June 2: Bitcoin Cash Fund starts new website to push Bitcoin Cash . The website, bitcoincashers.org, is a portal that will educate the masses on what cryptocurrencies are, how it works and how to buy, sell, and trade with these digital assets
(NEW) June 3: Bitcoin Cash wallet HandCash releases Mainnet BETA for Android.This Bitcoin Cash wallet has advantages including the enablement of NFC payments.
(NEW) June 3: JP Morgan internal Cryptocurrency prediction report notes that Bitcoin Cash is here to stay.
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
If you missed our first HUNT, you may want to check this!New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support lines (0.1610) & (0.1480), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Midterm forecast:
While the level 0.1480 is not broken, the Midterm wave will be uptrend.
Price may also reach 0.1480, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 0.1480 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 70.
Total Profit: 52816 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 23490 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.17009(current price) - 0.09179(open price) = 7830 pip
3 trade(s) still open, therefore total profit for open trade(s) is 7830 x 3 = 23490 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
If you missed our first HUNT, you may want to check this!New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support lines (0.1610) & (0.1480), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Midterm forecast:
While the level 0.1480 is not broken, the Midterm wave will be uptrend.
Price may also reach 0.1480, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 0.1480 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 70.
Total Profit: 52816 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 23490 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.17009(current price) - 0.09179(open price) = 7830 pip
3 trade(s) still open, therefore total profit for open trade(s) is 7830 x 3 = 23490 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
BITCOIN CASH: START OF A BULL RUN? = 25.54% PROFIT!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 25th of April 201 8.
Using this buy in point and selling at today's price, you would have expected to net 25.54% PROFIT!!!
Dec 2017: GDAX reallows access to Bitcoin Cash trading.
February 7: Decentralized marketplace OpenBazaar has added support for bitcoin cash.
January 10: Cryptocurrency exchange startup Coinbase has blamed overwhelming demand from buyers for issues experienced during the launch of bitcoin cash trading on its GDAX exchange last month.
January 27: The developers behind Bitcoin ABC, a software implementation which accounts for 81.48% of all nodes running on the bitcoin cash network, have released a new update designed to solve an issue whereby users could lose funds when mixing up BTC and BCH addresses.
March 23: Chinese Exchange BitAsia supports 0 confirmation Bitcoin Cash transactions.
April 16: Bitcoin Cash announces Memo: An onchain social network built on Bitcoin Cash.
April 19: Bitcoin Cash announces Op-Codes and Scripting Capabilities Coming to Bitcoin Cash.
Aoril 22: Bitpay Adds Bitcoin Cash Support to Checkout Point-of-Sale App
April 27: Bitcoin Cash's announces that next fork will add "larger block sizes" and "smart contracts".
May 4: Bitcoin Cash Opposers Scrap Lawsuit Against Bitcoin.com, Citing Lack Of Cash
These factors have together with the substantial increase in trading volume have led to Bitcoin Cash's' increase in price.
A majority is trading volume is coming from Korean and Chinese cryptocurrency exchanges.