BCH
🆓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/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 - $3474BCH is currently trading just above the support zone of $1110. If it can stay above this support, we could start seeing a move towards $1323, $1455, $1561 and $1668. If it can break the resistance at $1661, we could start seeing a bigger move towards $1820, $2013, $2571 and $3474.
Failure to hold the support at $1110 could lead to a drop towards $946 and $761.
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
#bitcoin dominance... how this decade could play out... what are your thoughts
this would actually be healthy
and support my longer term views of increasing adoption
#stablecoins
#defi
#doge
#ltc
#xrp
and many other #alts will continually chip away at the #godcoin
it still may reach insane #USD numbers including John McAfee's $1 million dollar prediction
But space is growing faster than Bitcoins inflation rate, lol ... and BTC can only get so many people excited.
What if #coinbase releases a token, apple and so on...