If we look at the movements of the last weeks, we could extrapolate the trend lines on the basis of fibo under the condition that the top is around 900 USD (fibo 1). So there could be two possible trend ways up to the target 1.300 USD. it is very rough, but possible. Correction way 1 to around 575 USD. Correction way 2 to around 400 USD with a between high to 760...
BCC / BCH is close to make a move and considering the new fee in btc it could move in an explosive uptrend.
Im expecting here more retrace to 475-510$ it's not an advice to short more like an advice to buy incase the target is hit. If you already invested in its the best investment you made in your life ;) If the target is hit the TP is 1300$ within 10 days or less. Target before we rush into the new year 7000$. I will keep the idea updated and post later why i think...
Bitcoin Cash bearish move out of pennant chart pattern. Possible support levels around $450 and $400. $BCH #bitcoin #bitcoincash #cryptocurrency *Note: Idea/opinion, not investment advice
Here are my continued thoughts on BCC. We're currently in a descending triangle and probably going to enter into a double ZigZag Elliott correction wave. Who really knows for sure, but the pattern seems tone setting up. My target is still ~$600 for now. Check out this resource and let me know if I've missed anything: www.elliottwave.net
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.
BCC It is currently 133% more profitable to mine on the Bitcoin Cash blockchain. I expect that a lot of miner will switch to BCC for at least N days causing a big hashrate drop on BTC. The transaction on BTC will be lower and the price of BTC will decrease. Ref: cash.coin.dance fork.lol Send me a beer, I will pay it in BTC: 3EzR8JV9EtaM38J6bMHVoDJMfH1mNpmhHZ
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...
Looks like BCC is trying to complete a cup and handle. Everything looks good. Fingers crossed for more moon.
After failing to remain on the uptrend line shown in my previous idea, BCC / BCH is still showing consolidation action slightly below the $300 level. After a long time of consolidation there are neither buy nor sell signals, which means we will have to wait for a clear one to show itself soon. This technical analysis is based on the fact that after consolidation...
After Poloniex credited BCC / BCH to its users and nothing major happened, the market is now ready for some movement. The fear of Bitcoin Cash going down in price after another large exchange lists it is seen as the reason why it was in a rather long consolidation phase. The chart shows that the price has remained withing a certain range and is now reaching a...
As you see in the last chart ( BCHUSD-15-Until-8-8-240-USD-than-2-ways-poss-65-or-440-USD/ ), Cryptos are "Fibo business" (Fibo Areas). Now we are in an new phase with BCH. The steam is out, but Fibo is still important. We need to interpret fibo in a different way. So i see two possible szenarios: more up to 520 USD or down to 230 USD further down. Currently I...