Bitcoin China Ban, what next? This has happened before.
Back in 2017 September, China banned Bitcoin,
things were unclear, a lot of uncertainty, people were scared, many called for the end of uptrend.
Might happen again, just a perspective.
Bitcoincash
BCHUSD - TECHNICAL OVERVIEW FOR DAILY & WEEKLY TIMEFRAMEWelcome!
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Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
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Bitcoin 2018 -> What happening here?
We got same accumulating phase we got same break we got same crashed then we got same -> accumulating phase and after ATH + Supply demand zones at ATH we broke we start huge rally, why? Because here always start huge news in TV,Internet, Twitter everywhere. Mainstream going Public -> Greed -> New Paradigm. I'm wont say anything it happening about now but we talk in next Idea. (Because i'm still cant put URL in ideas need 10 reputation)
We again got same patterns like before and now in 2018 market. Big crash big buys and got huge volatility because creating new cycle. Also starting again start same fuds like 530M worth hack of largest Japan exchange like (2013) But biggest problem we got same channel.
Bitcoin 2013 vs ->Okay guys let's talk about Bitcoin in 2013 everyone said its can be same like now and what we seeing?
We got same accumulating phase we got same break we got same crashed then we got same -> accumulating phase and after ATH + Supply demand zones at ATH we broke we start huge rally, why? Because here always start huge news in TV,Internet,Twitter everywhere. Mainstream going Public -> Greed -> New Paradigm. I'm wont say anything it happening about now but we talk in next Idea. (Because i'm still cant put URL in ideas need 10 reputation)
🆓Bitcoin Cash (BCH) May-19 #BCH $BCHWe can start accumulating BCH at 2 zones : 800$ and 900$ zone.
BCH can generate new rally up to 1300$, 1700$ and even 2000$ in June
📈BUY
-Buy: 900-940$. SL if B
-Buy: 1270-1330$ if A. SL if B
📉SELL
-Sell: 1270-1330$. SL if A
-Sell: 1660-1740$. SL if A
-Sell: 1950-2050$. SL if A
♻️BACK-UP
-Sell: 900-940$ if B. SL if A
-Buy: 780-820$. SL if B
-Buy: 680-720$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
BCH analysisBCH is likely to face stiff resistance at the 20-day EMA ($1,170) and then at $1,362.74. If the price turns down from this level, the BCH/USDT pair may remain range-bound for a few days.
Bitcoin cash (BCH) - May 18Hello?
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(BCHUSD 1W chart)
(1D chart)
It remains to be seen if it can rise above the 1106.01 point along the uptrend line.
In particular, it remains to be seen if it can rise above the 1168.80 point in order to maintain the uptrend.
If it falls between 785.84-865.88, you need a Stop Lsos to preserve profit or loss.
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(BCHBTC 1W chart)
(1D chart)
We must see if we can move above the 0.024777 point and break off the downtrend line.
If it falls, you need to make sure you get support in the 0.021692-0.0231 range.
If it falls between 0.021692-0.0231, a short Stop Loss is required.
However, it may rise along the uptrend line, so careful trading is necessary.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
BCH (Bitcoin Cash) Tests Broken TriangleBCH (Bitcoin Cash) Tests Broken Triangle.
We may see some retracement to 1090 and second station is 1020
BCH BITCOINCASH JET READY - 4H CHART BCHBTC BCHUSDT BCHUSDBCH BITCOINCASH JET READY - 4H CHART BCHBTC BCHUSDT BCHUSD
BCH/USDT ANALYSISBCH/USDT seen here on Bittrex touching our support line of $1181 so now we can see a sideways movement or a pivot to upside or downside.
We have a bullish MACD touching on the 4HR so we will watch this, if support of $1181 holds we can see $1382 short term target to take profit, I will personally
not enter here but for shorters you can open short here and wait for $1040, I will wait for more confirmations before entry
We also see a local resistance at $1319 that is not marked by FIB levels.
Support: $1181/$1040
Resistance: $1319/$1382/$1638
As always use 3% SL or SL at your discretion to protect your funds
BCH - Ready for $1750? Hi, this is my new update for BCH. 4 days ago we lost our support level around $1300 and we tested the previous top around $1160 and it held very well. Now we have made a beautiful double bottom and we are battling against the resistance level $1300, so once we break it we are going to test the next one around $1500-1550 and if we break that too, then the next one is very big an it is around $1750. If we break the resistance $1750 then we are ready for ATH. So be prepared and don't panic ;)
Bitcoin cash attempts recoveryAfter the disaster caused by panic selling it is normal that there is an attempt to recover.
On Bitcoin cash there seem to be no particular obstacles to reach a sizeable price of USD 1608.
The only problem is that the market sentiment at the moment is very poor -0.88 means that for a few hours the price will probably have difficulty to rise.
This can be a good price to start taking positions without exaggerating.
My advisor Marketmiracle generated an entry notice at the price 1223 usd with target 1608 usd, I will probably wait a few hours and further confirmations before taking a position.
You can see all the input and output signals of my Marketmiracle advisor at marketmiracleadvisor.com
BCHUSDT waiting for a breakout_As you can see, its now landing on a great support
_Heikin Ashi has appeared a green candle again while landing on that 1202-1220
_A Stoploss would expect to be at $1210.32
_While aiming for that $1283.62 level
_Within the 2.66/1 risk/reward ratio as it has a thick cloud acting as resistance up there
_TDI appear as oversold over the 30mn TF
_Macd has slowly losing its strength, expect to cross over.
BCH Longs - Buy the dipsBCH Buying oppurtunity in this dip..
Buy around 1050, 1150,1250 levels..
Target1 - around 1750
Target2 - 2000
BITCOIN CASH ANALYSISBitcoin Cash rebounded from uptrendline with strong bullish movement
Price is based above key level at 1217.50
Above SMA 100
MACD shows start of bullish momentum
It's expected to target resistance level at 1600.00
BTC/USD : THAT'S THE BTC CHART AFTER THE ELON GAINS..... 🔥 🔔Elon musk's batteries are vegan and ecological 😂😂😂😂
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A proper zone for long position in BITCOINCASH.First I have to note that crypto market is really volatile now! and if you are looking for trades in short time frames you have to use stop loss for your trades.
A resistance area has broken and now its a support for the chart, meanwhile two ascending trend lines are pushing the chart upwards.
Altcoins Update: BCHSince the previous post got hidden because of house rules. Here we go again:
Volume and Price action shows:
Target 1: 2627
Target 2: 6055
Target 3: 16957
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!
bchusd analysis#BCHUSDT is preparing to go upper than 2000$ after that we can rest 2-3 month for the last rally this year
BCH - Another Leg up continuation on its Massive PumpBCH - Bitcoin Cash is a fork (variant) of bitcoin that was branched off in 2017. The technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash allows larger blocks in its blockchain than Bitcoin which, in theory, allows it to process more transactions per second.
BCH has underwent an insane run from 683 to 1611 from 23 April in mere weeks, now we see cup and handle formation playing out, and the formation of bullish pennant/flag where it hit an ATH at 1611 and pulled back to find strong support at 0.618 fib level ( 1250-1265 ). This area has held up 4-5 times, with strong bullish action upon touching this support zone. So now we anticipate a breakout of this bullish flag out of the top resistance line, good entries are at the bottom of the flag where the support is at 0.618 fib around 1308 - 1257. From here we look to target firstly the ATH at 1611, next target will be 1930 (the extension of the bullish flag confluence with the target of a completed cup and handle formation) at 1930 and the 1.618 fib level at 2185.
Entries at 1257 - 1308
Targets are 1611, 1930, 2185 as described above.
Stop loss according to risk appetites : 1174, 1103 or 1050 (in the 0.5 to 0.382 zone where we see strong support lines which were previous resistance)
