BCH/BTC LONG w/ Elliot Wave PredictionAfter the boom Bitcoin Cash has been in an accumulation phase for a while now. There is a possible upside break of the symmetrical triangle which increases in likelihood because of the drop in Bitcoin price. Open a long position around 0.135 when upside break is confirmed and ride with Elliot Wave predictions. As always, make sure you do your own analysis and don't forget to set a stop loss!
CASH
Bitcoin Cash SEPTEMBER 2017Bitcoin cash price after bouncing from $500 failed near $725 against the US Dollar.
There was a break above a key descending channel at $590 on the 4-hours chart of BCH/USD
The pair is once again heading lower and might trade towards $550 in the near term.
Bitcoin cash price after a correction struggled to remain above $700 against the US Dollar. BCH/USD is again bearish and likely to retest $550.
We are ahead of big moves.
$BTH Bitcoin Cash new uptrendThis is how I see the new trend with the little data there is since the China bump.
Traget in a couple of days $695
Stop below $520
BCH next Pump or Bulltrap?Bcash consolidated well and the market crash didnt hit it hard. Now looks like a breakout, you can buy now or until 0.13 levels, would be breakout point
If it goes under 0.12 we sell it, maybe stoploss .15
BCHUSDT Buy Opportunity - Key Zone A reversal of Bitcoin Cash's bearish stretch is upon us as reflected by the 4H chart - right around the $600 level seems to be a great buy opportunity!
BCHBTC 3H CHART BITCOIN CASH MARKET CONDITIONSAfter the rally that started 8/17, BCHBTC pair found back support at 0.1385 and 0.1576 (which is 0.5 retracement).
Since this seems to be a bullish market, a break of downtrend line could lead back to ATH. However, market is in range conditions.
Consider MA20 just crossed below MA50, which is a bearish sign.
WNZ
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USD/JPY JUICY LONG SETUP (MANY CONFLUENCES)We have seen this pair stalling around the MIDRANGE and now it has just broke out of a major trend line and rejected a key level in the market
BCH Short TermBCH could break the resistance in a third attempt and pump to about 760, then doing may 1 or 2 runs more for today, cause some Korean pumpers try it hard ;-)
Bcash 1 more pump, wave 5, target $1100Expecting one more pump with difficulty adjustment coming up for miners. Afterwards dump with consolidation at $600.
Bitcoin Cash second break out opportunityAfter failing to remain on the uptrend line shown in my previous idea, BCC / BCH is still showing consolidation action slightly below the $300 level. After a long time of consolidation there are neither buy nor sell signals, which means we will have to wait for a clear one to show itself soon. This technical analysis is based on the fact that after consolidation there will be a break out either up or downwards.
Conclusion: We still have to wait for a clear move.
Bitcoin Cash break outAfter Poloniex credited BCC / BCH to its users and nothing major happened, the market is now ready for some movement. The fear of Bitcoin Cash going down in price after another large exchange lists it is seen as the reason why it was in a rather long consolidation phase. The chart shows that the price has remained withing a certain range and is now reaching a break out point.
Long trades can be considered if the price does not break the uptrend line and starts going up from there.
Potential Bullish ButterflyBreak of CTL on Daily
Waiting for a retest of TL to enter
I believe we can see further push down on UJ
Target @ 106.25
Bearish BatWe have reach a very critical level @ 1.5
& completely a Bearish Bat
Sellers are beginning to jump back into the market
w/ multiple reversal patterns on Daily TF
Target @ 1.479
Bullish GartleyBullish Gartley on the Daily TF
Bullish Engulfing Reversal Pattern
Moving averages crossed on Daily TF
As long as we get a break above close above candle of the 1.65 level
we should see a shift in momentum for the next coming days
Target @ 1.675 Level
Lower TF confluence:
Looking for a retest of the neckline for the IHS for more entries
The Wall Is Gone! Road to 100 USD?BCH has found a pretty solid support level around 200 USD, but is this the bottom? I honestly don't think so.
Holders of BCH have the only way to deposit and sell their BCH from cold wallets at the moment (ViaBtc). And this way is not very well-known so I believe many people are still waiting for the opportunity to sell their coins. Morover some of marketplaces have not supported BTC hard fork (f.e Coinbase, Poloniex) and their users have not recieved any BCH yet. Poloniex users will receive their BCH at 14.08.2017 and Coinbase is planning to add BCH support in the begining of 2018.
That being said, the 3000+ BCH buy wall at 200$ price level is eaten for now and I am pretty sure the price will drop down to 150$ and even deeper in the nearest future. (probably after 14.08). But you have to be very carefull in short term trading, because there could be agressive speculative action and pumps to 250$ or even 300$ price levels.
BCHUSD Strong Support and some GOOD news from CoinbaseSup guys, first i will begin with some good news for BCH. Coinbase announced last 3 hours that will support BitcoinCash. The reason is one that was expected, improved technology. Do not forget about Ethereum fork, nobody trusted new Ether and now look at the price compared to original one. Time will decide in BitcoinCash favor no matter what people are saying. If they like it or no, some big exchanges will change the game.
So, as you can see the chart, there is a great opportunity to enter Long because of the good support and Coinbase update: blog.coinbase.com
