If it completes the flag pattern, meaning it reaches fib retracement of 0.618 level, at the same time, meets the trend line (pink), it has the potential to reach fib projection of 1.27 level. The entry would be around the yellow circle area.
Normally, we are considering the falling wedge pattern is bullish. See below link: stockcharts.com
Watch the red line. Poloniex going to add BCC on August 14th.
BCHUSD Update: This market has gone from the 190s back to 350 within 48 hours and is worth evaluating because it offers attractive short term trading opportunities at the newly developed support levels. I have not updated my ETH chart because I would just be repeating myself, it has only gone slightly higher while still in a resistance zone. Meanwhile BTC and BCH...
Keeping an eye on BCHUSD one of the most hated cryptocurrencies it seems. Well it has been beaten down pretty badly but now on the 30 min and 1 hr charts it's starting to look like a buy. Showing good divergence as well as that 20 Moving average rising and the 100 falling, a crossover would be another good indicator. Bollenger Bands are tightening very nicely...
After reaching the high at 811.00 for 1BCH the market reversed and started the great journey to the deep of the financial markets. We can use tick data only for several days and this analysis can be based on the 15m time frame only. This time frame is not so reliable as hourly or daily charts, but we can try to spot possible reversal and entry levels. The market...
I do not really see big impact of the BCC (BCH) on the general BTC trend. On August 8, I see a price for BCC (BCH) at about 250 USD. For a BCC (BCH) up to 450 USD, this means a Down at BTC to about 2,650 USD. In the case of a crash from BCC (BCH) to USD 50, this means than a BTC up to USD 3,050. These are all "normal" movements at BTC. So, the overall BTC trend is...
Nice right? hope my friends followed my advice!
Buy Zone 100 - 50 Dollars Targets : 357 - 623 - 935 - 1500 Dollars ..
BCHUSD Update: Lower highs and lower lows signal further weakness. This market has no bullish structure in place at the moment and no support levels to speak of. In a situation like this I would look at purely psychological levels like 250 or 200 for any potential signs of reversal. I have not been reading up on the forums about what is going on fundamentally...
my idea is that BCHUSD will drop to lower 295.79106 witch is a good buying zone between 267.83114 as red trendy line shows fib retracement 0.236 on +23%, 0.0382 on +37% and 0.5 on +50% risk 30% profity =>51% use capital management
Sup guys, first i will begin with some good news for BCH. Coinbase announced last 3 hours that will support BitcoinCash. The reason is one that was expected, improved technology. Do not forget about Ethereum fork, nobody trusted new Ether and now look at the price compared to original one. Time will decide in BitcoinCash favor no matter what people are saying. If...
Cryptos are "Fibo-Business". In this way I have analyzed BCHUSD. It is to be treated with absolute caution. It is pure speculation. ;-) But the up and down has been strictly in accordance with fibo, so perhaps the future course according to the fibo-levels too. So, I currently see two scenarios from 8 August onwards. First of all a course around 240 USD until the...
This post is for discussion only. I'm very interested, what do you think about Bitcoin Cash? Are you going to sell it when you have such opportunity? Are you going to buy it when you have such opportunity? Do you think Bitcoin Cash is better than Bitcoin? Please, share your ideas in comments. As for me, I just want to reply on many questions in my private chat...
BCH Bitcoincash Flying Bat, what you think comment below.
Inverted Head and Shoulder pattern created on BCHUSD ...