BCHBTC SHORTA nice hedge if you didnt get in on ETHBTC and IOTABTC. Really sucks to see Dominance break above the bearish channel and I hope its a fake out but if its not I wanna make some money.
God Speed,
Mr. Manbearpig
BCHBTC trade ideas
Places where adding exposure to BCH might make some senseWhen the downward sloping trendlines since 2017 are broken to the upside in the BCH/BTC pair are broken, that might be places to add some exposure to BCH. Also when BTC holds its 20 wma now about $9300 as support, this will be one sign that BTC is in a new bull cycle that will hold until it reaches a new ATH and top in this cycle. Also some alts outperformed BTC when BTC reached its previous ATH at $1200 in March 2017 and continued this outperformance until the BTC top in Dec 2017 and a few weeks after that.
BCHBTC PUSHUPSBCH looks to be gaining some momentum in the upward direction gradually. I'm looking for a reversal in trend direction to continue forming as the price point goes back up to restest the 0.03028 level; minimally.
Next attack from the bulls?Found a little bit of support in the middle of support and resistance.
We think on the next try to break the 0.327 line we will break it.
So we are looking maybe for some longs soon.
Also the daily up channel is holding + we are IN the daily Ichimoku Cloud:
Bitcoin Cash
If it falls, you are likely to touch the 0.02344767 point.
If it rises, it is likely to challenge the 0.03176208 point, and if the price holds, it is likely to challenge the 0.04007649 point.
You can see that the price is located near the bottom of the midpoint (0.04007649) within the large box section between 0.02344767 and 0.05670531.
The price fell as the upward trendline broke.
The 165.3 branch divides the medium and long term investment areas.
The current position is a possible section when you slowly divide and rise into a buyable section.
We should check if we can rise above the upward trend line and cross 261.2.
BCH overviewThis chart is quite complicated for wave identification, but I will try. Big corrective wave (2) was finished at the end of September. Since then and nowadays wave (i) with ending diagonal in wave 5 was performed. Now we should wait for the end of wave (ii). From my point of view If BCH does not go up from the current fibo level of 0.61 - the correction can be quite deep, up to the level of 23.6 (look at the volume profile, there is no any support till this level)
Stop - Yellow line
TP - Green line
BCH Target Levels#BCH will retest this resistance (hopefully test and break). I think the next important levels are as follows.
It would be very optimistic awaiting the last target, but anything is possible.
#bchabc #bitcoincash #btc #crypto #alts
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research shows that by creating a portfolio of trades we can reduce the drawdown on our portfolios on BitMEX. We keep 8 positions (1 on each) open at all times and swing trade following our system.
We are committed to helping traders get to the next level
Expected profits for 12 months following our ideas.
1BTC to 30BTC X1 leverage
1BTC to 100BTC X2 leverage
1BTC to 1000BTC X3 leverage
Best regards,
Ryan Grey
BCH will explode soonRSI (14) holds an important 40 level and we have a higher high on this 20-day chart.
The final confirmation of a breakout will be the second 10-day close above the local (0.03212653) and previous (0.032824498) highs:
BITCOIN CASH ... PRE-HALVING ACCUMULATION DOUBLE BOTTOMEverybody is focussed on the bitcoin halving on may 2020.
Don't forget that bitcoin cash will halve to.
In case of bullish market (I'm waiting for confirmation) BCH/BTC pair will give a maximum of trade opportunity.
If bitcoin price accelerate more after halving, bitcoins sons like litecoin or vertcoin have shown major increase pre halving and falls approaching/post halving.
BTC/USD halving
LTC/BTC halving
VTC/BTC halving
Interestingly pre halving peak on the alt/btc pair was approximatively 50 days prior to halving for both LTC and VTC.
Assuming a similar behavior and bullish market confirmation soon, bitcoin cash will beginn to run like a crazy for the next 3 months. After that again BTC only.
BIO
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research shows that by creating a portfolio of trades we can reduce the drawdown on our portfolios on BitMEX. We keep 8 positions (1 on each) open at all times and swing trade following our system.
We are committed to helping traders get to the next level
Expected profits for 12 months following our ideas.
1BTC to 30BTC X1 leverage
1BTC to 100BTC X2 leverage
1BTC to 1000BTC X3 leverage
Best regards,
Ryan Grey
INTRADAY MARKET UPDATEThe red column indicates to sell and the green column indicates to buy... Look at the most recent bar to see if it is a buy or a sell. Follow us to get updates on here every 2 hours for our system!
To effectively use our system you need to trade XRPBTC , EOSBTC , XBTUSD , ETHUSD , LTCBTC , TRXBTC , ADABTC and BCHBTC all at the same time on BitMEX. Our research shows that by creating a portfolio of trades we can reduce the drawdown on our portfolios on BitMEX. We keep 8 positions (1 on each) open at all times and swing trade following our system.
We are committed to helping traders get to the next level
Expected profits for 12 months following our ideas.
1BTC to 30BTC X1 leverage
1BTC to 100BTC X2 leverage
1BTC to 1000BTC X3 leverage
Best regards,
Ryan Grey
BCH about to make a move up if we break through 0.03253Targets and areas of interest lined up.
BCH is about to break through a monthly resistance. If it does and closes above it. We can expect a sharp move up.
BCH LONG $BCH
Starting to look interesting; we're still being rejected at weekly resistance so I wouldn't be a buyer just yet, however if we see a weekly close above 0.03257, I'd anticipate a +48% move to retest the 0.04843 level, which would then entice me more than the current R:R.
Short BCHBTCClassic double top!! Nice risk management. Wish I seen it last night but that's alright. Risk is still minimal if you titrate the position size down accordingly.
God Speed,
Me, Manbearpig
Unpopular fact BCH halving in about 5 mthsRun-up may start now, dragging BTC and LTC up along with it. Early December it will be BTC's start of its 5 mths run-up to its halving.
Looking Possibly BullishWith new all time highs in US equities indexes we should see that spill over into the cryptocurrency markets.
Ew Count ScenarioCould be the start of a wave 3 up to the blue box range or a double top failure let's see what happens gl.
BCHBTC Perfect Balance. Sideways trading.Pattern: Rectangle on 1D.
Signal: Bearish near the 1D Resistance Zone, Bullish near the 1D Support Zone.
Target: 0.026500 and 0.03200 respectively.
