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Bitcoincashusd

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 ;)
Long
by Inspirar
3
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.
B
by DrJLT
26
Bitcoin Cash PUMP using Bitcoin dips and hypes. Huuuge potentialWe are talking about plunging capital from one currency to another. Next time (and now I see it so) how much btc falls, so much BCH grows. Right? $ for $, but bch gets pumped while BTC drops and buybacks again. Does not it sound familiar? Watch out, when btc was 8,000, bch is 1200 with 3200 bumps btc was 8000 and bch 3200 it is a ratio of 0.4 Was also 0.5 1/2 BTC = 1 BCH Do you understand now how far can BCH go?
Short
by milanjelic
11
Bitcoin Cash on road to over $8,000If you are a member you already had access to this chart and early alerts! Bitcoin Cash adds on exchanges such as Coinbase GDAX which gives is a massive boost. After few minutes trading both sites go down due to huge volumes and claims of 'insider trading' (which honestly is not worth even talking about). Relaunch is scheduled to happen sometime today (December 20) We may see this coin outperform everyone's wildest dreams since its extremely undervalued even at its current stage. Our maximum target of 0.60 Satoshi is just a beginning and should be easily achieved within few days (maybe weeks depending on success of coinbase GDAX relaunch) Please invest only what you can afford to loose because even with sure trades like this one, risk is still very present. HAPPY HOLLIDAYS FROM US!
Long
by CryptoManiac101
51
BCHUSD remain slow but growingThis is an update to my previous idea: a. BCH has broken down the trend line. b. It is trading between the scenarios 1 & 2. c. After a bearish gartley formation, price has retraced to .618 level ($1800). Together with the former resistance (1780), this makes for a relatively safe starting point to look for possible gains. d. MFI suggests severe oversold condition. Some technical rebound is imminent. The strength of this rebound is likely to be low. However, selling pressure is high on this one.
B
by DrJLT
13
Bitcoin Cash Bullish Trend??BCH/USDT is forming an ascending triangle pattern. When the Bitcoin Cash breaks the resistance at $1630.6, it will shoot upward, IF IF the bitcoin does not fall drastically. Buy order should be placed at above $1630.6 level and stop loss should be placed at below $1431.37 level. Buy order: $1630.6 Stop Loss: $1431.37 First Target: $1752.72 Second Target: $1942 Good Luck! This is not a financial advice, and please trade at your own risk. If you like this analysis please hit like so I can publish more analysis in the future, and if you like to support me I will greatly appreciate the donation. Bitcoin: 12LUmUQNDbUp7mJF5HAroka7MwiYreTXbc Ethereium: 0x3c0eb2314aa9f50f301550797978eb147c95aeb3 Lightcoin:LTvzJzBY3K3uzLBfr6zs2a2UfjW5KmeDSK
by blee300
1
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.
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by gowite
1
Bitcoin Cash (BCC/BCH - USD) Listo Para DespegarParece que Bitcoin Cash BCC/BCH también está listo para una corrida. Entiendo que este "trade" será influenciado por efectos dentro del mercado en adición a el análisis técnico. La teoría es simple: una vez Bitcoin alcance el nivel de $10,000, habrán muchas tomas de ganancias. En ese punto, también se reflejará un punto de debilidad y se reflejará una corrección necesaria. Basado en esa corrección, y en los rumores actuales sobre Dragon Slayer y otros sucesos, veo una llama que impulsará esto mucho más allá ... Looks like Bitcoin Cash BCC/BCH is also ready for a break out run. I expect this trade to be influenced by market forces other than just TA. The theory is simple: once Bitcoin reaches the $10,000 level, there will be lots of profit taking. At that point, there will also be a natural weakness and tendency towards a much due correction. Based on that, and the current gossip around Dragon Slayer and other happenings, I see that as an igniter for this to go much higher... High Risk Trade IMO, but if the pump we all have expected will take place anytime, this looks like the perfect time to me.
BLong
by criptoeducacion
2