It's possible we're gonna see an additional leg of the zig zag (Z), which would mean it'll bounce off $560 again or move lower to my first target of $520.
THIS IS A WEEKLY BITCOIN CHART - BIG PICTURE In Elliott Wave Theory Wave 3 is ALWAYS the longest Wave. If you compare Wave 1 to current Wave 3 it's currently roughly the same length This means: Wave 3 IS NOT OVER Can it take a pullback in the short term, yes sure, but in my medium/longer term view Bitcoin it's heading HIGHER ****** Please note don't take the...
$675 Has been well respected all weekend looking for a bullish reaction to start the drive up to $941 weekly target.
BCH looks like its breaking out of the triangle formed during the ABC wave and is beginning to move into an upward trend. It is acting very fiblike and should see a 10-15% gain over the next few days
Idea: BCC continuation long based on bullish RSI swing failure on the hourly chart. Cons: BCC has had a strong move up in the past 24hrs with only his small area of consolidation. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you...
Bitcoin Cash has been showing a lot of positive outlook. Although I believe a correction is underway, I do not believe it will so severe, since Bitcoin is going through a correction itself. If we get a sideway channel here. We can look to go long again to previous resistance. Trade with care.
Here's a simple analysis of BCC - Target is $600
BCC has had nearly perfect pullbacks to the 61.8% fib lines on each leg up (didnt include here because it looks too cluttered), line 5A represents the first downard impulse wave with the corrective wave AB setting up at the time of drawing. Looking for a pullback around the 23.8% fib level which also served as a support line on the first run to ATH. Bitcoin cash...
Volume is dropping off, and we have formed a lower high after setting the higher low that was anticipated in the video TheChartGuys posted this morning. The break of this current depicted range will indicate short term momentum into the afternoon. Very extended to the upside after a 200% move so bulls need to protect profits.
Trading idea and analyse from trader Nika Lekishvili www.tradingview.com ~ My Channel GL !
Bitcoin cash has surged above $900, passing a notable milestone amidst a two-day rally during which the price of the cryptocurrency more than doubled. Heading into weekend trading sessions, bitcoin cash has emerged as the third-largest cryptocurrency by network value, behind bitcoin and ethereum. And while it might still be too early to compare bitcoin cash to...
ABCD move also ties in nicely with a 3rd Elliot wave leg. Targerting $1000
Book profit @BCH - arount 0.20 - 0.22 its for trader not for investor - for long tearm BCH is Good One for HOLD - for short term Book profit and once again you can buy @0.1315 - 0.1565 level in coming hours .. Cheers !! Thanks Sudeep
Looks like BCC is trying to complete a cup and handle. Everything looks good. Fingers crossed for more moon.
With BCH's current jump there's still a lot of momentum, the question is where to catch on to it. With no clear big consolidation stretches the only money to be made is with swing trades. If you managed to buy it at around .16 during the most recent drop, its best to exchange at .20. I had success bidding at .1535 and asking at .195 using the fib on the chart....
If BCash remains to have an uptrend slope (sky blue dotted line) then we could potentially see a cup & handle. If uptrend is broken and we see more downtrend slopes, then this idea will become invalid.