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Bitcoincashforecast

Bitcoin Cash A Journey From $77 to $501In my previous post we finally witnessed that the Bitcoin Cash had broken out the resistance of the pennant and produced more than 43% profit in 1st rally: In previous article the exponential moving average 10 had formed bull cross with exponential moving average 20 up to 3 day chart but now this bull cross is reflected upto week chart which is really a very strong bullish indication and we are seeing this bull cross 1st time since after May 2019: Previously the ichimoku cloud was turned bullish upto 1 day chart but now it has turned bullish upto 4 day chart and this time lagging span has crossed up the bullish cloud with bull cross formation between conversion line and base line, and candle sticks likely to cross up the cloud very soon. Previously the MACD upto 1 week chart was weak bearish and stochastic had given bull cross but now upto 3 weeks chart the MACD has turned strong bullish and Stochastic has given bull cross 1st time since after 19 Mar 2019. In Oct 2019 I posted an idea on tradingview where I predicted that the Bitcoin Cash has formed Gartley pattern and it can move upto 133% from the potential reversal zone of this gartley pattern now you can see the price action has taken powerful bullish divergence and so far it has produced more than 110% profit. But if the candle sticks will be closed above 133% level which is the 0.786 Foibonacci projection of A to D leg of this Gartley pattern then we can witness more powerful bull rally which can lead to break out from the key level resistance at $501. In may 2019 the simple moving averages 200SMA, 100SMA, 50SMA and 25SMA on day chart formed a complete opened alligator mouth which leaded the price action from 76 dollar to 517 dollars. Now the these simple moving averages are likely to form same alligator's mouth very soon. Now lets move to previous post again as we have already seen that we have 3 resistance levels one above another. 1st Resistance at: $304.48 2nd Resistance at: $355.43 3rd and Key level Resistance at: $501 Now lets have a look at price action move from $170 up til now since I am posting the predictions of Bitcoin Cash. 1st the price action broke the 1st resistance at $304.48 and then moved down and retested this resistance as support now in next rally the price action has broke out the 2nd resistance level at $355.43 and now the candle sticks are consolidating and likely to make a same move of price correction again and soon the priceline will retest the previous resistance of $355.43 as support and in case of successful retest the price action will take the bullish divergence and may hit the 3rd and key level resistance at $501 and this one will be approximately 40% bullish move and we will be up by 194% from $170, and if the $501 resistance will be broken out then we can see a massive powerful bull rally. Sofar my stop loss is still $304.48 that is the 1st resistance and now working as a very strong support specially after successful retest. Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
BCH (Y20.P1.E11).Macro.SummaryHi All, Rumors\News: > Looking at the news media, it seems many people are baffled\perplexed as they have no answer to the recent ALT markets performance; > Some think its the whales playing games; > My thoughts, be careful as I did that in the last year bull trend and I got caught with some coins that stopped performing and in actual fact started to go down. So if your going to do it, its better to not go greedy, have a target and get out; Thoughts and observations: ** On the daily chart ** > Candlesticks > Main candle closed at the main resistance with a relative big wick and a Evening star\Bearish Harami. BEARISH sentiment. It would be interesting to see how the next few days candles close. > RSI curving > We had a slight BEARISH Divergence. Also hitting over 80% at its peak. > MA\EMA > I have the Daily 377 SMA acting as resistance, just like BTC and the 200 MA as support > and we broke out of the downward channel which the top can be tested as well. Since I'm bullish, I think the next test will be the daily 200 MA, likely, if the price drops further. > MACD looking strong bullish with a possible tint of curve downwards coming. > 4 HRLY chart, support broken > DAILY Chart trend Top trend line established as per chart and possibly the 377 MA could be the upper line trend for some time. Why? the bottom tend line might be tested first. Assuming the bottom is in, we have the bottom trend line which helps define the potential price range for the coming weeks\months. > Summary Price to drop to major support for the next rally. The 1st target has confluence with the 200 daily MA and potentially the second is a per chart, green bar. DAILY Charts 4 HRLY chart Support broken
BITSTAMP:BCHUSDLong
by ssari
BCHUSD likely to hit the key level resistance at $501In my previous post I depicted that After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the priceline of Bitcoin Cash was going through the price correction period since Jun 2019 Upto Dec 2019 and the most lowest point has hit the 0.786 Fibonacci projection from lowest to highest point, and in the meanwhile the price action had formed a pennant and we were waiting for the bullish divergence which could lead the price action of BCH to breakout the pennant’s resistance. www.tradingview.com Now finally we can see that the Bitcoin cash has broken out the resistance of the pennant. So far it this bullish move has produced more than 43% profit but the game is not over coz the indicators and oscillators are still turning bullish. In previous article we were waiting for exponential moving 10 to form a bull cross with EMA 20 on day chart but now the bull cross is reflected upto 3 day chart and both moving averages has crossed down the priceline and lifting the price action up. Previously the ichimoku cloud was turned bullish upto 4hr short term chart but now it has turned bullish upto day chart and lagging span has crossed up candles and cloud both and candle sticks has crossed up the cloud with strong bullish rally which is a very strong bullish sign for the future as well. And before we had bull cross from stochastic on day chart and MACD was turned strong bullish now we have stochastic bull cross upto week chart and moving average convergence divergence is turned weak bearish from strong bearish and turning bullish upto week chart. On 2 day chart the price action had formed bullish Shark as below: And now after taking the powerful bullish divergence the price action has hit the Fibonacci projection area of C to D leg and entered in sell zone of mid term trading setup a to watch it you can play the above idea. Now we have a resistance at $304.48 once the price action will able to cross up the 0.786 Fibonacci projection of C to D leg the definitely the price action will hit at this resistance and if the pricline will be able to breakout this resistance the it will move to hit the next resistance level at $355.43 and this move can be rapid after this resistance we have key level resistance of Bitcoin Cash which is at $501which is not broken since Nov 2018 once it will be broken then a new bull rally will be started. Moreover the Gartley pattern on week chart is also on the play to give more bullish power to price action as we are in the potential reversal zone of this big bullish Gartley pattern. Soon I will post more updates with the further developments in the price action of BCH. Moreover I have shared tradingview link below where you can find my all trading ideas on different assets and I have also shared Binance exchanges link with some other useful links coz Binance has largest volume of every cryptocurrency with minimum trading constraints. Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
1
BCHUSD Has Completed The Bullish Setup For Upto 163% GainsThe price correction and formation of pennant: After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the price action is going through the price correction period since Jun 2019 Upto Dec 2019. Now the price action is hitting 0.786 Fibonacci projection of lowest point of Dec 2018 to highest point of Jun 2019. With the price correction the price action has also formed a pennant with four touches at the support of the pennant, this time the priceline has hit the spike beyond the lowest band of Bollinger bands and hit the support of the pennant and like to have a bounce form this point. The moving averages: If we see the moving averages then on day chart the exponential moving average 10 is likely to form a golden cross with exponential moving average 20 like it formed in Oct 2019, at this time the EMA 10 is crossing down the price action to lift it up then it might form a golden cross with EMA 20. It will be 1st golden cross of above said exponential moving averages since after death cross which was formed on 17 Nov 2019 but this time the price action has already hit the support of pennant therefore this time we can have more powerful bullish divergence than the previous move Oct 2019. The true cloud reversal: On 4hr after 12 Nov 2019 the ichimoku cloud is proper reversed to bullish 1st time after 12 Nov 2019 when it was turned bearish during this time period the cloud was reversed to bullish on 3 Dec but that was clearly false reversal coz at that time the lagging span was failed to cross up the priceline and conversion line was also not able to proper cross up the base line but this time we can see very clear the lagging span has proper crossed up the candle sticks and conversion line has also crossed up the base line in very obvious manner and the cloud is also turned bullish therefore this time the cloud reversal is likely to be very true. Oscillators: The Relative strength index (RSI) was oversold and now it has turned strong bullish on the other hand if we see the stochastic RSI then it was also oversold and now turned strong bullish by giving bull cross from oversold zone and the moving average convergence divergence (MACD) has also given strong bullish signals by giving bull cross. The harmonic move and Volume profile: The price action of Bitcoin Cash has also formed a Gartley pattern which was started since Dec 2018. After initial leg (X to A) the A to B leg is retraced almost upto 0.618 Fibonacci (there is slight difference of 0.027‬ Fibonacci but all legs are driven perfectly as required for bullish Gartley therefore I have ignored this slight difference and considering it upto 0.618 Fibonacci levels), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally the C to D leg is retraced between 0.618 to 0.786 Fibonacci level and here the Gartley is completed and from this are the potential reversal zone starts. Now the price action is expected to take bullish divergence between 0.382 to 0.786 Fibonacci projection of A to D leg as it has already projected and again entered in potential reversal zone but the price line may take another bullish divergence to hit the sell zone as if we see the Volume profile of complete pattern then it is still showing very less interest of traders below this potential reversal zone of Gartley pattern. So according to this pattern we can set our targets as below: Buy between: 243.03 to 168.34 Sell between: 301.81 to 443.66 So this time the Bitcoin Cash's move has potential to give upto 163% gains, however our stop loss point would be the base of this potential reversal zone in case of complete candle sticks closes below this support level. Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
BITCOIN CASH - Technical Analysis - 37.4%-518% Profit ExpectedBITCOIN CASH - BCHABCUSD - Technical Analysis - 37.4%-518% Profit Expected Big Move Coming Up ... 5x Gains Expected. Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. Target Profit Range - 158 - 448 (37.4%-518% Profit Expected) TP - 1 - 158 TP - 2 - 211 TP - 3 - 265 TP - 4 - 325 TP - 5 - 385 TP - 6 - 448 Buying Zone! Long Position Early Entry Trigger Point - $100-$115 Ideal Entry Trigger Point - $65 - $80 Adjust your Stop Loss according to your lot size, account equity, strategy & money management. ***If you want to get in this trade from this point 214 you can still make 23.83% profit till TP3 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow , If you agree with my analysis :)
BLong
by Jaffery
**Bitcoin Cash: Long in the Long-Term**Hi, Traders ! Monfex is at your service ! Bitcoin Cash posts higher gains as it continues to spread adaption and development globally. * Bitcoin Cash (BCH) adoption, development, and participation continue to expand as more and more positive BCH-related announcements grows up. * In addition to that, there is currently over 18 million BCH coins in circulation and only three million coins left to mine. * Technically, BCH has found the strongest Support near the round $200 level and now shows very promising signs of recovery. * Overall, we expect a robust growth of BCH to at least $270 as the price has settled down and the new bullish cycle is likely to start off. * RSI & MACD support the bullish idea with RSI showing flat divergence at the Support level, while MACD continues expanding into the positive territory. Active trade signal Buy up to $230 now. Buy to average out @ $210 in case of a further decline. 1st Target: $270. Stop-loss: $199. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
COINBASE:BCHUSDLong
by Monfex_UK
BCH (Prj.2019.P02.E01).MACRO.Level.H&SAs per Peter Brandt's tweet, and this chart, we see a Head and Shoulders formation. The target is $127. My thoughts: > One would expect at least 1 other level of consolidation on the way down before hitting the final target, as per the chart > The 2x HULL moving average along with the Daily RSI chart, gives us an overview with the price movement and corresponding key indicators as to what's next a) The reversal at the top was noted along with the cross over of the 2x Hull MA. b) Anything below the 52.21 RSI on the Daily is viewed as a bearish trend and hence if the 2x Hull lines cross over along with the RSI crossing the 52% RSI, will give some sort of extra confirmation to go long c) Fib. Fan along with noted support and resistance lines will also help identify when to go long. d) Expecting a bounce around $172 price level for a short Closeup view on the daily
BLong
by ssari
BCHUSD formed Gartley | Upto 133% expectedPriceline of Bitcoin Cash / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Price action is getting bounced from bollinger bands support. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is oversold and in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 261.41 to 192.04 Sell between: 317.16 to 448.29 Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
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)
BLong
by moon333
Bitcoin Cash Analysis: Bears Have Come to Crash The Party!Conclusion for today's Bitcoin Cash analysis: A close below ~264.21 implies lower prices in Bitcoin Cash. Bitcoin cash analysis for today is carried out using a log scale on the Daily timeframe. Chart inspection and analysis primarily focuses on the uptrend in Bitcoin cash since price reached a bottom of 73.50 on December 15, 2018. A bullish trendline is plotted to highlight bullish momentum that followed the December price low, as well as the 200 moving average and 50 moving average to present the trading bias favored in this Bitcoin Cash analysis. Price reached a peak of 483.77 on June 25, 2019, followed by a sell off and consolidation. The 50 Day moving average successfully crossed below the 200 moving average, implying a bearish bias in Bitcoin Cash. Also adding to the bearish analysis is a break below the bullish trendline that has lasted over 8 months. 264.21 is marked as a key price level to watch in Bitcoin cash as a close below would add to the two previous evidences for more downside. A close above ~335.12 would be required to relief Bitcoin Cash for further pressure to the downside.
BITSTAMP:BCHUSD
by Coin_Analyst
Long Term BCH Trading Guide: Key Levels, Elliott Wave, FibsHere's my guide I'm using for $BCH for the next 6-7 months. Catalysts Cashscript Bitcoin Cash City November network upgrade April 2020 halving Expected peak: 45 days before the halving (end of February) T1: $974.31 T2: $1,418.84 T3: $1,863.37 T4: $2,138.09 Bitcoin Cash 2019 growth is impressive. I believe Bitcoin Cash is the most overlooked coin in the space and one of the best long term investments. Good luck hope this helps.
COINBASE:BCHUSDLong
by ll21LAMBOS21
7
Bitcoin Cash Technical Analysis: Bearish Chart Pattern FormationConclusion for today’s Bitcoin Cash Analysis: Price closing below ~303.31 implies further downside in Bitcoin Cash. Bitcoin cash technical analysis for today examines the cryptocurrency on a Daily timeframe using a log scale. Price action from July 20, 2018 till current date is presented with the period including the previous downtrend in Bitcoin Cash that terminated on December 16, 2018. A bullish trendline is used to highlight the current uptrend since December of 2018, as well as the 200 Day moving average which lies just below the trendline. Price action from April 04, 2019 to current date appears to be working on the formation of a complex, Head and shoulders top pattern. The aforementioned pattern is ideally bearish and therefore implies lower prices in Bitcoin Cash. A major requirement however is that price must close below the neckline of the pattern for chart pattern confirmation. July 15 2019 price low of 251.23 is sufficient as confirmation as it lies closest to the neckline. The width of the pattern is indicated on the chart and can be used for price projection (upon confirmation) to obtain the minimum estimate for the bearish move. Less conservative strategies that involve selling prior to a break of the neckline involves initiating a short trade as soon as the 303.31 price level gives way to the downside. A break below the bullish trendline and the 200 Day moving average (both of which provide support) do increase the chances of price following through to the downside.
BITSTAMP:BCHUSDShort
by Coin_Analyst
3
Bitcoin Cash Analysis: Daily Timeframe Chart Patterns.Conclusion for today’s Bitcoin Cash technical analysis: The downtrend is expected to continue with 0.02388 as the minimum target if the 0.03095 price level is breached. Bitcoin Cash Analysis (BCH/BTC) for today is provided using a log scale on the Daily timeframe candlestick chart. The downward trend on the Daily timeframe is highlighted using a bearish trend that has been established over 13 months ago starting back in May of 2018. Attempts at breaking the trendline to the upside in April, May and June of this year did not see a follow through in price action and rather was followed by a pullback. This implies a resumption of bearish strength. In addition, a rising wedge (diagonal) is used to track the bullish swing from the 0.02388 price low on December 16, 2018. The aforementioned chart pattern has bearish implications, and this was confirmed by a break below the lower boundary of the wedge on June 16, 2019. Key level to therefore watch for support in BCH/BTC is 0.03095. Price breaking below implies a retest of the December 16 price low as a minimum expectation.
by Coin_Analyst
5
Bitcoin cash technical analysis: 6 Hour timeframe chart patternConclusion for today’s Bitcoin Cash Analysis: Price closing below ~242.29 implies an increase in bearish strength. The 6 hour timeframe of Bitcoin cash is presented using bar charts and a log scale. Price action from May 06, 2018 to current date is the main focus, with the duration having a downswing in price followed by the current upswing (uptrend). Current resistance that is active is also marked on the chart between 665.73 and 404.87. A confirmed double top formation (bearish) is also observed within the resistance price levels and indicates more downside action to follow. Immediate support for the current uptrend (retracement) is anticipated at either 346.56, 294.43 or 242.29 price level where Bitcoin cash could consolidate prior to the resumption of the current uptrend. Price closing decisively below 242.29 (the 61.8%) retracement of the uptrend implies an increase in bearish strength.
BITSTAMP:BCHUSD
by Coin_Analyst
1
Bitcoin Cash Analysis - A New BeginningSeems to be positive trend getting formed which might be a start of a new trend. The Bitcoin cash price seems to be moving in positive direction relative to Bitcoin which sends some positive signals for the altcoin. Anything below the red trend line marked will invalidate the bullish movement and might be a start of a new bear market. So the strategy to trade is to buy the Bitcoin Cash ABC, with stop loss of 0.4500 which is below the crucial red line marked which will invalidate the trend marked. The sell position will be between 0.6250 and 0.6550. Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.
Long
by SuperCryptoNiteAnalysis
Bitcoin Cash (BCH) - "The Resistance Free" Road Becomes to End!Currently, Bitcoin Cash has made pretty nice recoveries but soon it reaches into the resistance. The resistance free area starts to become over and it is time to take some profits. Those who are in mid-term position on BCH then they should consider taking some profit around $400. Those who want to take risky short-term trades, right now, on BCH consider that the maximum what you will get is 28% (which is great obviously) but it is very risky. Those who want to wait for a little correction, then technically a good entry area would be around $200. From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc. Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice week, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
BITSTAMP:BCHUSD
by VaidoVeek
2