OneManTrading

OneManTrading

BCH bounced from $855 twice, consolidated around the $1200 mark and now broke upward to $1333. It appears to be forming a wedge upward. Some have said it could go as high as the $1800 region. May depend on BTC as well. BTC has been moving in the lower 8K range after its push upward. If BTC moves down a bit this could help BCH. Support around $1280. NOTE: As per...

OneManTrading Updated 

ETH appears ready to move upward more due to position and downplay of MACD, RSI, and DMI. Looks even better on the 3 day chart. Guesstimate of an upward movement to 370-380 for first leg. All we need is some news. The overall market conditions with BTC and BCH have improved... meaning BTC hasn't melted down under 5000. Money has moved back into BTC and if ETH...

OneManTrading Updated 

ETH did not respond to BTC mini-correction ($700 down or so) as of this writing. ETH appears to be in a descending wedge and could have a technical breakout upward but too early to tell as MACD and RSI neutral now. If a larger correction by BTC within next 10 days (sooner) will ETH and alts follow? Hasn't affected ETH today so far.

OneManTrading

BCH has been hitting resistance around $645 but remaining above the 23.6 fib ($590) for the most part - channeling. As BTC loses some steam BCH appears to have lost a bit as well and may correct more so when BTC does. As of now the 1 day MACD and RSI appear to be descending. With the fork and uncertainty of who will mine who in the end (BCH or BTC) and of course...

OneManTrading

BTC is in a mini-correction and could possibly turn upward for one last push. But in the long run the 1 day and 1 week MACD and RSI appear to be ready for descent for a larger correction.

OneManTrading Updated 

Got in at $305 due to TA. Rode up and sold into strength once the volume picked up for this one. Have heard many things... BCH is better, BTC will correct (I agree)... but I have no idea what will happen with this correction. Even with the potential for ETH to jump up... if BTC corrects soon then ETH can follow even lower and so could BCH. BCH has followed...

OneManTrading Updated 

Appears that the DJI may consolidate up top a bit and then correct downward. Maybe even by a couple thousand points? October can be an interesting month. Plus this could be in line with the possible BTC correction? I know the two are worlds apart but imagine a big correction in both markets at once. That would send some fear through all the markets. Always fun to...

OneManTrading

Looking at this weekly chart it appears that BTC will go down to 5500 minimum. Others are calling for much lower, mid to low 4000's. Very possible. This chart shows a correction is in order regardless. The question is how will this effect all alt-coins?

OneManTrading

Been watching. Around 6070+ I made this chart. Is support in the mid 5000's? Not certain as others have been calling for a correction. How will the alt coins react? About 10 minutes ago it finally began to drop a bit. Could be a simple shakeout but hard to tell.

OneManTrading

ETH appears to be in a fight over 298 (+ -) as there is ample support in that region. Looking though... 288 could well be in the picture, especially with some others calling for the 255 region. I'm speculating that ETH will go down more and it may hit the 288 mark ultimately with mini-bounces upward along the downward way.

OneManTrading

Just looking at the BTC chart it appears that steam is running out. And as they compare... the two comparable recent spikes from BTC with it's drop to 5100 or thereabouts and BCH new life upward. At least at that point they appeared to play off one another. This isn't stellar TA but it is interesting to see. IMO BTC will drop and BCH will rise. And that is pure...

OneManTrading

I wanted to see if BTC and BCH diverge from one another. Are the miners using BCH as a hedge against BTC? Can BCH be used as a hedge against BTC at all? The chart paints a picture of this possibly happening as some warn that BTC could drop down and BCH appears to be in a possible position to move upward. All speculation... mostly questions.

OneManTrading

BCH appears to be ready for a breakout upward soon. The classic Descending Wedge appears to be near completion for this breakout upward. The indicators point to support around the 290's. According to past moves, moves can range from low to a couple hundred dollars over days. Resistance (currently) appears to be around 330 to 350 for a larger breakout beyond. A...