There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
The RSI resistance #2 at 60 is broken, so the probability of resumption 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 78.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (400.0)
Ending of entry zone (279.0)
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 the 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= @497.75
TP2= @637.00
TP3= @748.60
TP4= @832.10
TP5= @945.70
TP6= @1148.10
TP7= @1292.20
TP8= @1610.45
TP9= @1773.75
TP10= @1986.65
TP11= @2890.00
TP12= @4088.05
TP13= Free
Bitcoincashusd
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
The RSI resistance #2 at 60 is broken, so the probability of resumption 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 78.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (400.0)
Ending of entry zone (279.0)
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 the 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= @497.75
TP2= @637.00
TP3= @748.60
TP4= @832.10
TP5= @945.70
TP6= @1148.10
TP7= @1292.20
TP8= @1610.45
TP9= @1773.75
TP10= @1986.65
TP11= @2890.00
TP12= @4088.05
TP13= Free
Be careful about shorting Bitcoin Cash here. Consider this.Bitcoin Cash is currently having an insane pump. Many of you probably have thought about shorting it or have already done so.
But be careful. Look at the massive amounts of shorts being opened during the pump. You do not want to get caught up in a short squeeze, which is what happened for XRP. Instead, if you wish to short it, just wait for a 50% correction and short the bounce from 0.5 for a much safer short entry, You will catch most the profits without the risk of shorting currently.
While I do suspect the rally is ending soon, opening a short when shorts are insanely high is very risky. Keep in mind shorters need to buy back into the market.
During the XRP rally, the shorters opened the position and price pushed 50% higher, causing cascade of liquidations. The remaining shorters managed to close their positions at the exact top. The same could be happening for Bitcoin Cash.
Thanks for viewing! View previous ideas in related section.
BCH... DOUBLE BOTTOM?Hey Everyone,
Just looking at some of the alternate charts right now where there is a LOT more money to be made!
BCH is in a triangle and is IMO an easy trade with money management. If you are on an exchange where you can trade Short or Long, this is the perfect setup!
With a triangle there is always 2 directions. With EW, I would take an educated guess and say from here we are going up, similar to what i am currently seeing in BTC. IF BCH does breakdown, the target is $300ish.
Also as shown on the chart, BCH has formed a double bottom pattern which is usually another indicator we are about to rise here.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Bitcoin Cash: Getting ready for a big move?This chart shows BCHUSD on the 1D scale. We have identified two very similar pattern structures that may be an indicator of a market move towards December. Those are the January 10th bearish sequence from 2,945 to 605 and the May 6th bearish sequence from 1,858 to 408. Both Lower Highs on the 1W Falling Wedge.
Similarities:
- Both resulted in around 77% - 79% loss in value.
- Both kept their bearish sequence on structured Lower Highs.
Projection:
If the current bullish leg on 1D (B/BP = 41.2548) breaks the curve, then the pattern can repeat itself and reach just above the 0.500 Fibonacci level at 1,183.90 before December.
Of course this is only a medium term technical projection based on the probability of recurring patterns. Long term investors should wait for a clear bottom to be made before they buy again for the next 2019/ 2020 bull market.
Follow our profile (www.tradingview.com) to get more daily ideas.
Comments and likes are greatly appreciated.
my indicator would of told you to buy BCC on the money.My EMA DOTS indicator would of told you to buy bitcoin cash right on the money on october 31st.
you would of caught all the gains going on right now.
If you want to make your trading easy, ask me how to get this amazing indicator.
works best with swing trading. 3day chart and up.
USDT -BCH Bitcoin Cash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2017 ( 3 / 10 )
Volume 24 H : 48000 BTC -0.18% ( 7 / 10 )
Available Markets* ( 10 / 10 )
Social Media Rate ( 8 / 10 )
Ranks ** 4 ( 10 / 10 )
Website ( 8 / 10 )
Type Cryptocurrency
Overall ( 8 /10 )
PLANNED NETWORK UPGRADE on Nov 15, 2018. It might pump a bit before this date.
I did my first 10X on this coin! It was a huge success! Sold it around Nov 2017 and dont touch it since then.
$300 - $450 levels are always great levels to buy it for the long term investment.
When Roger Ver comes to the stage, No one can hold Bcash .
You can also wait Bcash to break downtrend line line and let MA 50 to pass MA 100. Be careful, BCASH Pumps so quickly. That's why it is a good time to accumulate some Bcash right now at this level.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
Bitcoin Cash (BCH) Another possible rally, short into news.Bitcoin Cash had a nice rally after news of a possible hard fork on November 15th.
Despite the good news, keep in mind after BCH has its rally, it will likely drop to normal price. Looking at Zcash, which also had a hard fork in June, it had a rally during news and declined since. I am expecting the same for BCH.
For now, you may choose to long Bitcoin Cash with a stop of 0.0725 on BitMex, and have a short order near 0.0790, if you believe Bitcoin will continue to rally.
Personally, I believe a short with a stop loss above the high will be a safer trade.
Thanks for viewing!
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!
Bitcoin Cash can retest $525Bitcoin Cash -1.66% bounced nicely after dipping into the demand zone around $430 and has made a higher low after bears tried to breach lower into support a few days ago.
The EMAs had bounced but are looking to turn back lower again here if we cannot push higher. We just dipped into demand and are currently right on top of the zone and it buyers can step in here and propel us back above the EMAs, we can possibly get back up to the supply zone that was tapped on that spike up Monday.
Stops can be placed right below this support area as a break below could result in a retest of the $430 block. As always, watch Bitcoin -0.57% for any signs of weakness or breakdown to exit the trade early.
Thanks guys
Bitcoin Cash stuck between a rock and a hard place! Bitcoin Cash continues to trend sideways in this range but finds itself right under a massive POC, which currently happens to be resistance. Seeing that we are having tons of trouble getting higher and with the EMAs turning over, we could see price depreciation coming very soon to demand level below unless we get a pop soon.
Keep an eye on this supply zone and any further rejection with volume will confirm its strength.
Thanks guys
Bitcoin Cash needs to break supply zone to get going! Bitcoin Cash seems to be having trouble at this supply zone and EMAs are starting to roll over. If we don't get a bounce back above soon, we could see lower prices in the range of $465.
Check chart for annotations!
Thanks guys
Bitcoin Cash hype dying down! Bitcoin Cash has broken below the trendline and is now finding it as resistance sitting on important support. A breakdown from this level could see us revisit the $500 level quickly with the overall target set near $460 on a Bitcoin collapse back down to $6200.
MACD continues to trend lower while RSI broke below support but is heading back up to restest the breakout, which could end up being the ideal spot where price could head back lower and RSI return to the bottom for the range.
A possible short trade would be to wait for the demand zone to break then take a short position on a retest and fail to break back above the S/R flip zone. Stops would be set above the retest of the trendline SFP and targets are outlined on the chart.
Thanks guys
BCH - Could the run be over? Bitcoin Cash has been sitting on top of this very strong support level for over a week now and could potentially still break up higher into the supply zone above but we are seeing some bearish divergence developing. Price is currently just slightly above the 50%FIB level and needs to start moving upwards towards the top of the trendline to continue this uptrend.
MACD is still nose-diving towards the center line while the Histo is hinting at higher lows while RSI has developed bearish divergence with price, which unless we can get a higher low forming within the next few hours with a price move up could spell further downside for BCH. The short and long targets have been outlined and could take a few attempts to achieve them but they are the main support/resistance levels that we can look for if the price does break out on either side.
Bitcoin price will most likely dictate any movements at the moment so keeping a close eye there is very important.
Thanks guys!
BCH - Support must HOLD! BCH has returned to the S/R flip breakout area to retest and has so bounced right above it on the 50%FIB level. We need to see a dip into this zone hold for any hope of move upside momentum but those odds might be getting slimmer by the hour.
RSI seems to have topped out, hitting resistance and turning over at the moment while MACD hit its top and is about to crossover bearish. This is also confirmed by the histo about to turn negative again, therefore waiting for this next test is crucial. This trade setup was not executed and has been canceled as we wait and see what the next few hours bring.
Thanks guys!
BCH - Time to cool off or do we have another leg up?BCH has been on fire since yesterday and we are currently right up against resistance trying to break above. We have found support around the 61.8%FIB level and are trying to break higher but Bitcoin is having trouble breaking out itself.
RSI seems to be topping off here and moving sideways while MACD is starting to push up into resistance but might have some juice left for another leg up. A safer play would be to wait for a retest of the breakout level around $530 and see it hold to play a long scalp position, however Bitcoin will dictate as always the price action of the entire market so any weakness in BTC should be taken seriously when trading altcoins.
Thanks guys!
BCH - On the move in STYLE!! BCH has been on FIRE today with a strong move off its demand zone around $435 yesterday with substantial volume relative to past few weeks. It has currently moved to its 50%FIB level and currently finding resistance there creating an SFP at the moment. We could very well see a pullback as the RSI is hitting resistance at the top demarcation line and might need to cool off a little before giving it another go.
Bitcoin needs to break out of its current level to allow altcoins to continue this move higher so any pullback with BTC strength could provide a nice long trade.
Thanks guys!
Bitcoin Cash 270$-290$ still possibleEvery time Bitcoin Cash corrected it made a reversal of 38.20% who knew it they did short at 38.20% level and made profit by shorting.
Currently Bitcoin Cash is forming a descending triangle on the daily and the 4 Hour Chart. if you want to enter look for 400$ level if it become stable on that area.
BCHUSD: Elliott Wave hints at further upside potentialTechnical : I see many reasons to take on this trade. My personal bias for the market is bearish but at the moment everything is point at further upside.
Elliott Wave Analysis :
Since a few days we have been in a corrective triangle pattern which occurs mostly in Wave B or Wave 4. We can confidently count the first wave of the triangle as a Wave A. The final corrective drop as a B and now we seem to be working on the C. The ranges of 515-520 show confluence zones so thats my target for the next wave.
ABCDE triangle patterns and descending triangle chart patterns have an entry requirement which was met at 463.4.
Oscillators : Daily RSI has been bullish for the past week. This reinforces my bullish view at least for the next week.
Caution : This is not the time to short BCHUSD. The hourly RSI might put in a bearish divergence but it will very unreliable against FOMO. The sane thing to do is to wait for retracement.
Godspeed
_________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
Bitcoin Cash Approaching To 2018 Low Point!Currently, we sitting on the round number area at $500. We have tried to break this two times and those attempts were unsuccessful and currently the last 4h candle close gave us a minor break below the $500 (close was $499.5) and currently the last 4h candle formed a pattern called "Dragonfly doji"/"Hammer" which indicates that the trend could turn around so, we have mixed sings :)
If we start to fall further from the round number then our next support would be 2018 low which is at $471.1. If this level doesn't hold us then there are the minor level where Bitcoin' Cash' started rally upwards from last year but I think this level is just a good to know and if we drop below 2018 low then we are in a big trouble and we could even touch the $300, there is the bottom trendline pulled from the daily chart!
If You want to search a bounce zone then technically there are no good areas where multiple criteria would meet but if Bitcoin' founds a support from the current price then we could see a little bounce from here around $500 because currently, this level hols us pretty well.
Summary: If the 2018 low breaks we are in a big trouble and if You look for a bounce and some quick profits then here is the opportunity BUT ONLY then when Bitcoin' shows some positive signs!!
WILL BCH MAKE IT ALL 5 WAVES? Hey Everyone,
BCH has survived the stress test with flying colours! Nice to see the transactions flying through... So what next for BCH?
There are 2 distinct pathways right now, we are currently sitting at the C wave end, and if this is the pattern then we will retest the last bottom in the next few days. If we are in a 5 wave impulse, we should continue to climb higher!
So if you are trading BCH be very aware of the 2 patterns and trade carefully :)
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
