BCHBTC trade ideas
WARNING! This is CRAZY TALK! BCH/Bitcoin *REPOST*Many of my posts were deleted by mods because I included my Twitter handle in the post. I wasn't aware of the policy against that, so I'm reposting my most recent posts.
Originally posted Feb 06, 2018 @ 4:40pm PST
BCHUSD BTC BCHBTC
I'm having fun today with some experimental analysis. Perhaps I'm forcing things here--or perhaps I'm onto something.
Per usual, I'll let the reader analyze the chart for themselves. I do this for two reasons:
1) It gives the reader the opportunity to see something I may have missed
2) There are some bits I don't like giving so easily--but they're there if you're astute.
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As always,
Happy Trading
Black Friday, Green Bitcoin Cash! Multiple charts, 24/7 stream.Hello again. This time We come on the battlefield stronger and more oriented in the area.
Why BCH?
There are money inside each crypto. We are looking for the deepest sky right now.
Bitcoin cash is my favourite. I've got a feeling with prooves. Charts will explain themselves, and I will update this idea to guide You.
Yellow line and blue one are main lines coming from 1W time frame analysis. These are strong price borders. Once broken, trend will appear clearly. As I predicted ealrier, there You have Triangle formation for green charts.
See my previous idea for entertainment and for education. There was nice guide on BCH too, but triggered with stop. Nothing has been lost.
#1 Crypto BCH/BTC Support/Resistance & Signals Feb 3 2018Support:
Weekly S3/previous highs @0.13
Weekly S4 @ 0.123
Monthly S1 @ 0.119
Resistance: S/R /Weekly S2 @ 0.136
Previous support/Weekly S1/Daily R1 @ 0.142
Weekly pp/S/R @ 0.149
Trend: Bearish (Ich)
Divergence: Bullish Divergence H4 tf
Candles: Bullish Hammer Daily tf untriggered
Time to seek for oportunity. Choice from big 4 - BCH !Hi. There is nice looking chart. I see an oportunity with BCH/BTC pair, I am analyzing this through the market with the highest volume. We can also equate this view with BCH/USD, in case of sudden pump there will be similar reaction on charts.
Of course,We can specify lower supports,one of them could be near 0.118. Manage stop loss right below 0.148. Breakout through resistance will confirm bullish reversal.
MACD is on long side, but remember that this is just an idea.
BCH (BCHBTC) - Bearish TrendBCHBTC is in Negative trend for some time and all trend lines and indicators suggest this bearish trend to continue for some more time. It broke the key support level last week and going down on the channel. Until it breaks the resistance level between 0.15 to 0.16 BTC this week, the present course of price movement to continue for some more time.
Bitcoin Cash about to breakout towards new heights ?Technical analysis shows BCH/BTC about to breakout from a wedge.
The direction in which the movement will go is not totally clear, but combined to fundamental analysis we could guess a breakout towards long view.
I think we could see the pair approaching 0.3 BCH/BTC within the coming weeks.
--> Long opportunity with the following level to take profit : 0.199, 0.248 & 0.298
However, as their is a risk that break out goes also in the other direction I would strongly advise to add a stop loss around 0.135
This only reflects my own view and is not an investing advice.
Keep an eye open for corridor of BCH
I see a bounce inside the corridor for BCH
Tho watch out for a break below this corridor and previous minimum
I have set my stop-loss some satoshis under the corridor limit - 0,16
Assuming that if it breaks from this limit, only 0,1390 is the next clear resistance