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Bitcoincashusd

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.
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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.
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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
Fool Me Once, Shame On YouFool Me Twice, Shame on Me Due to the fact that Bitcoin once again failed to break 8k, there is a solid chance that it will start a retracement. IF BTC does in fact start this retracement, BCH may have a chance for a solid rebuttal! Judging by the chart, BCH is attempting to cross the downward trendline that was formed from its previous high of $2800. My plan of action: IF BCH succeeds in crossing this line, I will place my long for a quick scalp non the less. If we then form a new higher high above the 1224 price mark, I will likely stay in my position to see how this plays out. IF BTC continues to rise, and BCH fails to gain momentum, I will stay out of this trade all together. IF you are able to short BCH, I wish you luck! Note: trendlines were drawn off 15 minute intervals DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Long
by oh92
22