BCH-Bearish Beating LongtermNot Financial Advise!
BCH has several Bearish Reversal Signals on the 4h. I see a Head-and-Shoulders pattern forming with a confirmation at 700USD. Used just wicks for the pattern so maybe more unreliable.
The Volume is also declining to the right which would confirm the validity of the bearish-reversal.
This especially doesn't look too Bullish for me at least, but the prices are generally speaking on the bearish side of things so dunno could be the market sentiment....
Also Lines crossing on the MACD which signals bullish weakness to my amateur eyes.
*Insert Optimism*
Please prove me wrong! Arguments if possible.
Out of a bullish perspective I could hope we find Support at the 78,60% Fib-level, the blue line, but i think we tested that support already 2 times lets see if that was too often.
If i would do anything then short it maybe somewhere around the 78,60% Fib-Level with 20-25% Stop-Loss just for the adrenalin rush.
We have a confirmation of the longterm Head-And-Shoulders if it closes below 700USD, and shortterm the next important support is at around 1000-1100USD.
This Idea should be seen as pure speculation same as the whole market.
Peace!
Bitcoincashusd
Bitcoin Cash Buying Opportunity - 650% ProfitHello Guys. I am Bullish on Bitcoin-Cash/Bcash. As we look at the chart history, It gives us a clear picture. Every-time after 75% correction, There a huge uptrend. we may consolidate for a day or two, Slowly but surely we are moving up.
Buying Zone: 800-1150$
Target 1 : 1396$
Target 2 : 2500$
Target 3 : 3700$
Target 4 : 6500$
Stop Loss: 765$
There is no panic needed. We are now in reversal.
Note: Don't forget to put the stop loss.
BITCOIN CASH DEPENDENCE BITCOINPOSITIVE
Moving in triangle in uptrend channel and wait for break out and fixed above resistance line – first point is resistance level (RED BOX), after small correction we will go to next fibonacci level (GREEN BOX).
IMPORTANT SYGNALS:
BTC will shows bullish scenario
NEGATIVE
We will break out triangle down and continue deep correction to the next support level.
IMPORTANT SYGNALS:
BTC will shows bearish scenario (New government regulation news)
Bitcoin Cash BCH to 700% - 1,100% Long Hodlers (LOW RISK)Bitcoin cash is up to 1,100% trajectory path by year's end with indicators looking very bullish in long term
There are numerous benefits of Bitcoin Cash over Bitcoin, one of which is transaction cost.
It has huge potential in out point of view. Should you buy BCH now? Only if you're able to hold for a minimum of 2 month.
Invest what you can afford to lose. We are not your financial advisors.
BCC USD BEST BUY AREAif the price of 770 is passed, BCC USD will continue down to the 610- 415 , I can only recommend buying at low price of 610,550, 415
This road map is just a prediction. I do not guarantee 100% right. I always use this way to get maximum profit. buy at low prices and sell at high prices. with reference RSI Oscillator (Weekly) in oversold or overbought Level area.
Do not entry all your capital, Please divide into 3 positions. 20%, 30%, and 50% .
Caution: Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose.
# Be humble and patient. Do not fight the markets
Thank you.
Bitcoin Cash - BCH - The silence before the storm?Bitcoin Cash - BCHUSD
We can see that Bitcoin Cash has been struggling to regain its bullish momentum, however we find ourselves in a tight trading range between 1500 – 1700.
In this kind of scenario we would expect to see some action within the next few days.
Looking at BCHUSD, a breakout to the topside could take the prices up to the 2000 zone, where we would expect some resistance.
Should prices fall to the bottom we could see a selloff and prices could drop as low as 1200 or even lower.
Short term support is at $1400 – $1500 and resistance is at $1600 – $1700.
We will consider going long should prices drop into the $1400 zone, buy order could be stacked down to $1000 in case of a selloff.
We will consider going long on a breakout trade should prices consolidate above $1700.
Feel free to discuss this trade with me at the best Crypto Trader hangout .
Excellent Long-Term Hunting Opportunity in BCHUSD, Don't miss itTrading suggestion:
Price is in the support zone (1688.65 to 1334.70), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Beginning of entry zone (1688.65)
Ending of entry zone (1334.70)
Take Profit:
TP1= @2097.35
TP2= @2311.35
TP3= @2746.50
TP4= @2947.50
TP5= @3167.25
TP6= @4088.05
TP7= @Free
Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 40.
.Current short-term is range bound, but resumption of uptrend is expected.
Excellent Long-Term Hunting Opportunity in BCHUSD, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (1744.8 to 1334.7), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (1744.8)
.Ending of entry zone (1334.7)
Take Profit:
TP1= @2183.70
TP2= @2311.35
TP3= @2767.30
TP4= @2947.50
TP5= @3167.25
TP6= @4088.05
TP7= @Free
Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 41.
.Current short-term is range bound, but resumption of uptrend is expected.
BCH/USDBCH is currently consolidating in 12h cloud.
From there it may rally for a new all time high.
It seems that it's currently somewhere between Elliot wave 4-5. Even if this is not clearly seen with candles, it can be seen with lines.
It also seems that it's forming a pennant
I expect that the 5th wave to be at least the same length as wave 3, but it can be slightly lower.
This is an update for old prediction
BCC/TETHERWe may be in a good BitcoinCash buyback zone, a minimum zone of value before starting a possible Elliot wave 5 that can reaches the red lines zones.
Likely Targets :
1 - $4100
2 - $5000
3 - $5400
BCH/BCC USDIt seems that BCH still has momentum.
Daily, 4h and 3h Stoch RSI and MACD still looks good.
It may turn resistance into support.
As we got used, the BTC money seems to have moved to BCH for a while.
It may still do a 75% retracement but I think that not ontil BTC will start to move upward again.
It may hit 9.5-10k.
This is a risky trade as BTC might pump again and BCH price might decrease.
Excellent Long-Term Hunting Opportunity in BCHUSD, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (2285.90 to 2042.05), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Take Profit:
TP1= @2746.50
TP2= @2909.40
TP3= @3160.00
TP4= @4088.05
TP5= @Free
Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 50.
.Current short-term is uptrend and continuation of uptrend is expected.
BITCOIN CASH - Symmetric Triangle Pattern, 100% Profit PotentialThis graph shows where bitcoin cash could be heading next in terms of surprise, I have predicted that there are two possibilities of where the value could head one being in the upwards Direction towards the $4,600 Mark and the other being the opposite trend at the $1,500 Mark. This is quite unlikely as you would take use cell value in order to push fit quick cash to this price, however, we should take it into account as if the $2,000 Mark is broken downwards there is a possibility that we could head to that price.
The more positive side is that there is a higher chance for the currency have another increase and return back to the previous house we'll probably find some consolidation and resistance.
MACD - Lots of Potential for upward movement.
RSI - also leaves space for an upwards trend more so than downwards.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
BCH (Bitcoin Cash) Breaking UP/Out of Triangle/WedgeThis current wave of selling is possibly the last chance to get in at this price level in this rising support channel before breaking UP in the direction of new ATHs (All Time Highs).
Whether it is a Triangle, Wedge , Flag, or Pennant , the channel is rising and the breakout is beginning to build bullish buying signals....
All of the many channels are pointing nicely upwards. The Buy Zone to get into BCH ( Bitcoin Cash) at bottom channel prices is steadily rising, bouncing off, and testing bottom support of, the upward curled 50 EMA (50 day moving average) on the 4-hour and daily charts . As slow as it may have been these last days of the market correction with light holiday volumes, it has left the door open for those wanting to get more into it. MACD and RSI are both breaking up with lots of room to move off these steadily rising support levels of the upward price channel . So all systems (signs) are UP from what I see for whenever the volumes move back into normal gear, which will more than likely pump the price action more in the general upward trend this building support channel is carrying us.
Bitcoin Cash (BCH) cost ONLY 0.1 - 2%
of what it cost to send Bitcoin (core) ( BTC)
(from our research experiments...)
Thus, Bitcoin Cash is 100 times a better Medium of Exchange than BTC
and is still valued less than 1/5th. You do the math.
Looks like lot's of upside there to me to me... ;)
Basic economics for a crypto "currency" to succeed as a "medium of exchange" is that it must beat out the competition in cost, speed, reliability and security - with emphasis on COST.
If noting else, I consider these good well-thought-out reasons to at least hedge Bitcoin Core (BTC) bets with Bitcoin Cash (BCH).
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy Holidays and
All the very best wishes of luck in your trading ;)
BCHUSD possible consolidation before the next jumpUnfortunately, briefly after I updated my previous post BTC crashed. This has posed a systemic risk in the entire market, and BCH fell extraordinarily hard.
It was this hard, I believe, because many people suffered from long squeeze when their positions from the rally this week became untenable. I myself had to close half to deleverage and reduce risk exposure. I must admit that I was too greedy not to take profit after that much gain.
Needless to say, however, BCH is technically superior to BTC and enjoys some advantage by association compared to many alts. This ensures that the long-term value of BCH is relatively safe.
Considering this, I think a very likely scenarios would be that BCH consolidates before further gains. Why? Because this crash has spread enough FUD to depress the market. Many people have lots of paper gains from the rally that they may want to materialize. On the other hand, there's strong community support, and I believe the insane drops below $2000 were results of liquidation & stop losses positively feed back to each other. It doesn't mean the market believes a that level is legitimate.
On the chart, we can see that on 29 Oct the weekly EMA crossed the monthly EMA and another cross hasn't occurred. Therefore, BCH is still bullish in the long-term. The price touched below the monthly EMA three times between late Nov and early Dec and found support. The most likely scenario is that this time the support is solid.
I believe the mid-term trendline (thick green) could provide some support, while the .618 level ($2950 circa) of the last rally some resistance. If this is confirmed, we may have an ascending triangle before the next breakout.
Nevertheless, there's systemic risk posed by bitcoin. It's currently unusable, and next week there'll be another fork coming. These are risks we must consider before deciding on a trade. I think it's better not to use margin at this point.