3 oh its the magic number I love charting BCH Actually I feel like 9/10 BCH moves first in the market, and I like being ahead of the game ;) Seems to me like we are currently in a WXY correction pattern, currently in wave Y, with the bottom near. There are VERY BEARISH feels right now. I feel very positive about this strong downwards movement. RSI overbought...
Bitcoin Cash looks like it will bounce back to the upper trend-line to test it again. However, this move will see an increase by over 20%, while at the moment all altcoins incl BTC are low and looks like they go even lower. Let me know if you think BCH is strong enough to do it?
BCH/USD was unable to clear stiff resistance at 55-EMA. Break below 21-EMA has now opened up further downside for the pair. Next major support lies at 675 (trendline). Break below will see major weakness. Resumption of upside only on break above 55-EMA.
Bitcoin Cash to test the upper trend line of the funnel. The green area should be the deciding point on whether it is going to breakthrough or continue in the same manner. I look forward to hearing your ideas too.
Bullisd Divergence 4H. Last wave of fall. Oversold. Channel creakout - trend will turn to bullish. My levels to buy
So, the price broke the structure just below the head n shoulders and is now retesting the area. It's a good spot to get into a short trade with good r:r ratio, let's see how it goes. Set SL around 1300 and TP's around 1050.
Looking at the BCHUSD 4HR chart, it seems to me that we're in a bearish triangle. It may possibly complete an ABCDE (or perhaps break even sooner) to make a move down to the zone of $1130-$1070. This would match the height of the triangle, and confirm to my analysis in an earlier, larger idea where I examined the complete present downwards wave 2 which, I believe,...
Today I tried analysing BCHUSD and want to share my ideas with you. I'd appreciate any feedback or corrections to improve my analysis! Before I begin: please excuse my labelling at times, I am still learning the finesse of Elliot Waves and analysis, so bear with me if at times it sounds confusing. ;-) At present we seem to be nearing the end of a...
I am not short, but my bias sure is, Bitcoin Cash is looking pretty ugly right now, the hard fork being over didn't help anything. We have created this Head and shoulders pattern and have had it do the following: 1. DAILY MACD crossed down. 2. RSI Confirmed DIVERGENCE 3. Head and shoulders pattern. 4. Broken short term up trendline Nothing good While it is...
Bitcoin Cash happens to be in the rising wedge formation + finished 5-wave cycle, I am awaiting a little rally upwards (possibly even to retest 1850 USD) and then C leg of the correction downwars. That should take us at least to 1250 USD and the mid-term trendline. If it can´t stop the dump, we can go even lower to long-term trendline :) There is coming another...
enter after the breakout.
Buy when the price goes into the cloud. Put Likes
The following technical indicators support downside: - 2H 5-SMA sharply lower, 20-SMA has turned. - -ve DMI dominance, ADX above 25 and rising. - Stochs and RSI are sharply lower. - Bollinger bands are widenning. - Gravestone Doji formation on daily charts.
BCHUSD 4H FALLING Price is falling back to the home base by the ma's because... Price was stretched far away from ma's. MACD was stretched far away from 0 level line. MACD has crossed below Red signal line indicating possible new direction. Close trade if MACD crosses above Red signal line. Let us know what your ideas are on this pair in the comments.
Bitcoin Cash is our TOP Pick thus far. It has been hanging around $1,400 for several weeks, but that is about to change. Targets: $2,100 $4,000 $5,000 (If we reach this target, further uptrend to continue in same bullish pattern as BTC) Stop Loss - We are not setting stop loss for this chart because we do not believe that it will have a...