Downtrend line since start of May broken. Edge to edge triggered and Bband breakout on the 4 hour as volume returns after a month of consolidation. VPVR, Ichimoku and fib confluence pointing to a target of around 0.16.
Bitcoin Cash BCC a tale of Bitcoin.
It's Now on Move. Current BCCBTC price around 0.150-0.16BTC . BCCBTC Now in Buy zone for long.
Our First Resistance @0.206BTC & Second Resistance @0.263BTC
Please Take a look on Chart.
Note: Do your own research before trade. I am not responsible for any loss.
Tips Highly appreciate
Thinking the bottom will be in that turq band. Currently hit scale in point with a 9 on the TD, should dip lower and make a reversal upwards. If BTC breaks sub 7500 could fall below said turq band.
- Disclaimer - I don't know what I'm doing. Good luck.
BCHBTC just broke bearish from its triangle and altcoin-Bitcoin pairs generally look like they're due a sell-off with Bitcoin appearing like it might be in a position to rally again soon. However, if/when BCH returns to the lower trend line indicated above, around the psychological 0.1 BTC level and .786 fib retracement, I would regard it as an attractive buy....
I applied Fibonacci Retracement to the Elliott Waves (which all follow the rule to my knowledge), with Wave 5 being the exception as I predicted that with that last time BCC got listed on Coinbase. The support and resistance is calculated from the behaviour of the coin in the last few weeks. The timing is based of an average of a-lot, and I mean a-lot, of...