BCH / USD#BitcoinCash
I think the latest support will be strong and the likelihood of maintaining it is great
So what do you think?
Bitcoincashusd
BCH READY TO BLOW AFTER 7 MONTH ACCUMULATION - CryptoManiac101Easy to read chart, no extensive deduction here
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
FCoin Sybil Attack Update - BCH AI/ML Signalo As reported last week, accusations have reached FCoin founder Zhang Jian, for orchestrating a series of Sybil attacks to drive traffic to the FCoin exchange. The Sybil attack caused an increase in Ethereum transaction fees and created congestion on the network. A reddit user has posted its analysis of what took place and is calling for individuals to join him/her in a class action suit that will be brought against the FCoin exchange.
o The AI Machine Learning 3-Day Crypto Signal for BCH is Don’t Own and was published yesterday morning. Learn how to use ML 3-Day signals when trading cryptos. The average accuracy score for the Machine Learning algorithms for BCH is 64.75%
BCH hitting a double bottom?!Let's get right to what's going on, in bullet format!
1. BCH has hit this double bottom area and bounced off of it.
2. MACD has crossed up on the daily
3. RSI broken out of this downward trendline.
4. It hit the previous resistance point/ema and moved off of it and is consolidating
It appears we are going to get a move up, but how far we go is the question? BTC appears to be heading towards it's massive trendline. IF BCH does the same, we could get a MAJOR move up, or it just goes up to this 900-1k area before reverting back down. We'll have to see how this move up goes!
Happy Trading!
-Sherem
Huobi Pro ending Japanese trading service - BCH AI/ML Signalo Cryptocurrency exchange Huobi Pro will be ending its trading services to Japanese investors starting next month. The suspension will take place July 2nd. Huobi Pro is currently the third largest cryptocurrency exchange by trading volume. The cryptocurrency exchange does not have a license with Japan’s Financial Services Authority (FSA). Web traffic tracking site Alexa indicates that 13.3% of visitors to Huobi Pro are from Japan.
o The AI Machine Learning 3-Day Crypto Signal for Bitcoin Cash is Don’t Own and was published this morning. Learn how to use ML 3-Day signals when trading cryptos. The average accuracy score for the Machine Learning algorithms for Bitcoin Cash is 62.48%
BCHUSD - Is this fractal playing out?Looks like a mini fractal is playing out.
If you look at a smaller timeframe 1hr, 4hr, it looks like BCH is looking for a bullish continuation on an equilibrium pattern. I'm guessing this will take us to about 1500, at which point we the rest of the fractal will play out and take us back to the blue line.
Let me know your thoughts!
Short term long. Medium term short. Long term, remaining bullish!
BCHUSD - Are we looking at fractals?Looks like a mini fractal is playing out.
If you look at a smaller timeframe 1hr, 4hr, it looks like BCH is looking for a bullish continuation on an equilibrium pattern. I'm guessing this will take us to about 1500, at which point we the rest of the fractal will play out and take us back to the blue line.
Let me know your thoughts!
A Second Chance to Buy in BCHUSD ...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 (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 832.10 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 35 and it prevented the price from more losses.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 39.
Take Profits:
TP1= @ 748.60
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free
Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.
Total Profit: 331814 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 151884 pip Profit
Closed Profit:
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip
Open Profit:
Profit for one trade is 1007.60(current price) - 627.89(open price) = 37971 pip
4 trade(s) still open, therefore total profit for open trade(s) is 37971 x 4 = 151884 pip
BITCOIN CASH 102% PROFIT TRAJECTORY TO $2,500Beautiful pattern emerging with Bitcoin Cash
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Bitcoin Cash Machine Learning Crypto SignalThe rolling three-day signal for Bitcoin Cash (BCH) is "Don't Own". This is day one of the three-day signal. The signal will be updated again Friday. For further details or discussion, feel free to leave any questions or check out signature/profile.
Let's discuss Bitcoin Cash before hard fork on 15th of May!Bitcoin Cash is one of the coins in the last days/weeks which had a strong movement. Why? Because of the hard fork at the 15th of May. People are expecting a huge jump in the next 2/3 days. But I see the possibility of people selling or holding. Together with the uncertainity of how Bitcoin will behave the next two days (see my last Bitcoin chart to see what I think about what will happen), I have huge doubts about huge possible profits, here.
But there is big potential. I assumed it would have gone gone higher than the 1850 USD. But this didn't work. There was even an assumption of 0.25 BTC. But it slowed down hugely, so it didn't achieve 0.2 BTC. Considering last BTC hard forks, I think that a big movement here is unlikely. There is a strong resistance line here which I don't think it will break, easily. Risks are high that there will be a fake breakout causing in lot's of FOMO losses.
The movements I see right now are between a strong fibonacci level and the mentioned resistance line. All in all, a possible win of mere 10% in USD if this happens.
The maximal profit potentials are up to 2k level. ~1850 USD would make more sense, though. This would be huge!
Depending on how the chart really goes, I might change my assumptions and keep you updated. There is still plenty of time to make a breakout of the resistance line. Until then keep in mind that there will be a hard fork and there still is potential. So, don't forget about this coin till then.
Have luck!
A Second Chance to Buy in BCHUSD ...New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 1292.20 is not broken, the Midterm wave will be uptrend.
Price may also reach 1292.20, 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 1292.20 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 66.
Total Profit: 571894 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 391964 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.
Closed Profit:
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip
Open Profit:
Profit for one trade is 1607.80(current price) - 627.89(open price) = 97991 pip
4 trade(s) still open, therefore total profit for open trade(s) is 97991 x 4 = 391964 pip
Take Profits:
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free
Bitcoin Cash Price TA – BCH/USD Testing Major Support
Key points
Bitcoin cash price began to move down after it traded above $1834 against the US dollar.
On the hourly chart of the pair BCH / USD (data from Bitstamp) there is a key line of the bullish trend with support at $1610.
The pair is currently testing a large support zone of about $1640, which could lose losses in the short term.
The cost of Bitcoin cash is still maintained above $1600 against the US dollar. BCH / USD, most likely, will recover after the completion of the current correction.
After a sharp upward movement, the price of Bitcoin Cash formed a short-term top of about $1834 against the US dollar. The price began to correct the decline and fell below support levels of $1800 and $1750. It also trades below the Fib pullback rate of 23.6% of the last leg with a minimum of $1459 to $1834. However, there are many supports on the lower side above the $1600 level.
Based on the chart, there is a short-term resistance, which is about $1750. A break above the declared level of $1750 could open the door for a push at $1800. Finally, a break above $1834 may require a test of $1900. The MACD for BCH/USD is back in the bearish zone. The StochRSI for BCH/USD is now well below the 50 level.
Bitcoin Cash Machine Learning 3-Day Crypto SignalThe rolling three-day signal for Bitcoin Cash (BCH) is "Buy". This is day two of the three-day signal. The signal will be updated and shared again on Sunday. For further details or discussion, feel free to leave any questions or check out signature/profile.
Bitcoin Cash has shown the best resultsThe surge in purchase volumes over the past 24 hours confirms investors' interest in Bitcoin Cash. Having formed the "double bottom" figure with a minimum of $1,230, the asset began the next growth stage and is attempting to overcome the previous high at $1,580. We believe that lateral trading will move to the upper level, which will become the launching pad for further movement.
The prospective goal of bulls is clearly seen at $1,800: it is confirmed by the mirror level, and by the 1.618 value of the Fibonacci extension, and by the boundary of the symmetrical figure, which suggests itself as the zone for the new lateral trading. The triple confirmation inspires confidence, but let's not forget that Bitcoin Cash trading is playing crypto on hard mode. Moreover, as usual, a lot depends on the original Bitcoin. In case of negative developments, a fallback to the level of $1,300 is possible. Therefore, once again, we recommend that readers refrain from trading until the situation becomes clear.
Check the full crypto review HERE
Bitcoin Cash Machine Learning 3-Day Crypto SignalThe rolling three-day signal for Bitcoin Cash (BTC) is "Buy". This is day two of the three-day signal. The signal will be updated and shared again on Thursday. For further details or discussion, feel free to leave any questions or check out signature/profile.
How far will Bitcoin cash reach?While Bitcoin is still struggling near 9000, this Bitcoin Cash's power hasn't diminished yet.
Bitcoin cash is currently challenging a minor resistance zone between 1435 and 1663 according to Ichimoku analysis.
Because
1) Today's bullish candlestick stands on the red cloud,
2) Tenkan-sen crosses above Kijun-sen
3) Chinkou-span crosses above price
4) Green cloud is rising.
On the other hand, you can see OBV indicator shows a strong upward movement since the 8 & 20 EMA crossover.
There is still some room to go towards the OBV resistance level. Therefore it can possibly reach a further more near 1600.
Bitcoin Cash - let the correction begin!I have warned everybody just 2 days ago about BCH being overbought. And now you see, that we definetely started such a needed correction. The whole market was pumped and now it´s a question how much dumped it will be?
My opinion? A lot!
As I mentioned earlier, BCH started a new cycle and now is the question where to jump in to see an incredible ride? There are three options, that you can see on a chart. In my eyes it looks like we´ll correct to the long term trendline. That´s the 800-730 level. We have 2 more supports on the way, so we have to wait and see what BTC is about to do, but in my opinion, this won´t be quick and pleasant for HODLers.
Thanks for checking, as always I am totally open for discussion in comments, if you ike my idea, than please like and follow, there will be much more of incredible content! :-)
