BCC/BCH-USDT1d, 12h, 2h, 1h RSI looks good
6h, 4h,3h RSI tries to reverse
It also seems to be forming a head and shoulders or a cup and handle.
It surely tries to break the old resistance(blue line).
Also, it is above the green Ichimoku cloud on 1h.
It may do an all time high, but also might sell into older resistance areas.
Overall feeling is that nobody really wants that BCC to go up and.
This might take a wile until it happen, maybe we need BTC to stop pumping for this to happen.
Bitcoincashforecast
Bitcoin Cash Trading OpportunityThe price bounces from 853.00 support level and bounces from the support zone formed by SMA. RSI confirmed price reversal from the support level. The price diverges with RSI. The market is going to move high.
BCH Bitcoin cash is like Bitcoin a year ago Hey Everyone,
After a crazy long weekend, the Crypto market saw Bitcoin making all of the miners confused,
It's an opportunity that will not return again it's like Bitcoin a year ago.
Our mind can't realize the future potential there is in these coins it's like the internet in the 80's.
Bitcoin will go up and still didn't reach his full potential and as we all saw the fall didn't make so much damage for the long-term traders, as I wrote, bought bitcoins a few days ago and I meant it, this price is still good to buy,Bitcoin cash will make much more duplicates than Bitcoin on your investment because of the rate at the moment.
BCHBTC Bullish PatternThe market bounced off the 0.618 fib retracement and the bullish momentum is still on. Our target is 0.10424.
BCC to MoonBCC reminds me a lot of Bitcoin's Fractal before we broke ATH. Watching for the retrace back to the trend line before entry
BCH: Symmetrical triangle can bust up any minute! According to the Elliot Wave Principle, every market rise in five waves and corrects in three.
After an amazing impulse from $190 to $972 in five waves, BCH corrected in a double combo WXY waves, labeled in blue.
It all formed a symmetrical triangle set to bust before the end of the month, five new impulsive waves are expected is this count is correct. An extension of 1.618 can take us up to over $1400! I'm not crazy and neither does Fibonacci. That could be our Wave III
BITCOIN CASH // HITBTC OpportunityHi Seildev here,
We're looking at 1 hour time frame a triple bottom with RSI divergence
upwards.
Historically the chart has not given a 3 point triple bottom.
If retraced back to 0.055313 then this is a great opportunity
for us to buy with:
- Target 1 profits at 0.067464
- Target 2 profits at 0.082000
As always, trade with a plan and safe trading.
Seildev
Bitcoin Cash: Rally or Crash?Is this a falling wedge reversal we see? Then we need a game plan!
The max consolidation level stopped the drop and we’ve seen a nice bounce. From here, we may see a breach of the falling wedge, a fibo extension target at $454, the pennant target at $466, and possibly even a daily target at $612. I can also see the rally kissing the major fibo resistance at $707.
Alternatively, we may resume the downtrend by breaking through the key fibo level at $359, the sub-key fibo at $341, and finally with bearish confirmation at $307. A fibo extension gives us a target on the hourly at $250 and a daily at $154 if we break the all-time low (I think this is unlikely at this time).
My method also includes analyzing the $BCHBTC pair. Here is the plan of action in that chart:
PLEASE NOTE: the long idea here is counter-cyclical until a breach of the bullish confirmation at $484.
As always, I will be updating this daily.
Cheers and GLWT!
Erik.
*If you like my ideas, please upvote :)
BCH found its bottom, time to push a little higher!An ABC correction with an extended C as i see it, BCH started with an impulse again, the long term support held the bleeding, let's see if it can reach again the resistance and form that fractal!
BCH trough an ABC correction bottom could be aroud $360Looks like BCH is correcting from an 5 impulsive waves waving from $300 to $540, C could find the bottom around $360.
Bitcoin Cash going to test the buy zone again.Bitcoin Cash seems to be under a bit of pressure from the usd on the near term. Still doing very well in my opinion seeing how the market responded on the dip down to $300.
It is possible that the prices could go down into the 300 dollar zone again and if the market responds the same a nice double bottom will be formed and quite a good buy signal. For now we will keep an eye on the market.
Considering some buy orders in the $300 zone as well as a long position if 570 gets broken.