I know many people hate BCH. But if you compare BCH's chart and BTC's chart there is one thing I can tell you that the first one is more trustful. While there is a bearish divergence hidden in BTC chart, everything happened reasonably with BCH: Price is bouncing from uptrend line after escape the downward channel, RSI is rising gradually and CCI (commodity channel...
The sky is the limit for BCH. I can see how an elliot wave continuation pattern could play out on a daily chart following that last monster up move. Just as i suspected we saw consolidation around the 550 level, which aligned with the 50% fib, and is now resting on the 61.8% fib level. On the 1H chart, bulls have retained control of the 20MA and is now pushing...
Initially I thought the fork was in play here & there was a move off the bottom of it yesterday which was heavily sold into. This makes me think the wedge is the real deal in play here & a move imminent. Trend is falling so my bias is down. Alternatively wait and see and jump on the correct bus when it leaves the depot....
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...
Just an update on my prior charts, it's looking very good for a sharp move to the upside if you clearly just watch how the correction is developing, prepare for a sharp impulse up but WAIT for the pullback please! thanks good luck,
there are some divergences, But DIVERGENCE IS NOT EVERYTHING. It should break down trend line to open long position. Once it breaks, we can expect 944 and even 1200 level
Bitcoin cash has pulled back after last weeks epic rally. See if it forms a base.
Impulse to the left and now we are currently in a correction, it's very simple to trade wait for the break and then the pullback and trading the reversal within that pullback $1120 is the target, Remember Bytecoin is in an uptrend, the odds are in your hands if trading with the trend! Good Luck,
Volume picking up as the 30 minute candle closes above resistance level
Same pattern as yesterday continues as we are on our 2nd inside bar on the daily time frame in a row. If not in a position we can patiently watch and look to enter on bullish momentum. If in a position we can have a stop level if the higher low pattern breaks. Move imminent and will come with a volume spike.
We will have to wait and see if this market is expecting a follow-up rally, that initial up move had some serious weight behind it. I would be shitting my pants if I was a bear right now
Price is currently sitting at a 50% pullback level from all-time high. This beast is not done with the $1,000 level IMO - Great spot to start building back in.
My original forecast was $1000, Due to the pullback we have a chance to reach $1120. We have a reversal on the pullback and a potential close above the 10EMA. Great Potential Trade! Always use a stop loss, don't risk anymore than 2-3% of your account.