Hi, Traders ! Monfex is on the air !
Bitcoin Cash stays on the track towards the next target level of $350.
* We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks.
* As BCH network halvening approaches, many of market participants expect the price of BCH to surge, as...
Hello, dear Traders!
Monfex is at your service and today we overview BCH/BTC.
After the price had plummeted to the support line, a triangle formed. Near the triangle's resistance we have MA50 , the breakdown of which will be a confirmation of a bullish scenario to the next green resistance zones.
But there can also be an another script. By breakout the support...
Ok, hope we have all been enjoying the crypto volatility :)
Ok so where next. I will will stick to just the3 bitmex coins since keeps it simple.
Ok so out of those coins i can onl;y see that TRX is worth shorting and BCH and most likely ADA after the first correction btc makes.COINBASE:BCHBTC
I have only done the chart for BCH, but as you can see rsi we make...
Enter a short position if the descending triangle breaks down. Aligns perfectly with the previous descending triangle target. But wait for confirmation of breakdown WITH VOLUME before taking a position
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg...
. While the price is above the support 0.0655, beginning of uptrend is expected.
. We make sure when the resistance at 0.0980 breaks.
. If the support at 0.0655 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 0.0655 is broken.
. The Falling Wedge...
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is below...
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested...
BCH/BTC dropped significantly today and could inalidate the breakout above the upper median line (uml) of the descending pitchfork. Price has found a very strong resistance at the 50% Fibonacci line of the ascending pitchfork. A failure to close above this line could signal that the rebound is completed and the price could start another leg lower soon.
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.
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support lines (0.1610) & (0.1480), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Signal to enter the market occurs when the price comes to...
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
BCHUSD has been testing long term resistance and accumulating for some time now. SMA cross-over signals trend reversal but with all eyes on BTC, alt/btc pairs have been getting crushed.
Latest BCH price action has been indicating a rally to ATH at $2,800 as people realise that longing BCH at these price levels will be more profitable than longing BTC. BCHBTC has...
The BTC/BCH Pump & Dump is an interesting aspect of the amount of manipulation that can still occur within the "Large Cap" Coins. Macro forces are definitely in play within this particular movement.
"The Cashening" seemed like an opportune moment for BCH community/stakeholders to push for a market grab, due to the instability that Segwit2X caused.