Bitcoin Cash (BCC / BCH) started moving yesterday, it started to move, started to move strong. This completely changed the charts and gave us an opening to a new trade, even with these declining markets... Let's see what we are looking at here, but first, why is Bitcoin Cash price climbing when everything else is going down?
You know how big and easy news move this market, the cryptocurrency market, and there are big news for the Cryptocurrency community. There is a conference in Mexico from the 15th to the 18th February where many cryptocurrency experts will attend and give lectures about the cryptocurrency markets and other important topics. It turns out that Bitcoin.com, owned by Roger Ver, Bitcoin Cash main guy, is the main sponsor of this event. Making it basically a Bitcoin Cash sponsored event, so this can be one of the reasons the price started to move up suddenly.
*** Indicators
- On the chart above you can see how the MACD just crossed over and it is trending upward. You can see plenty of room left for growth. If more momentum builds up, Bitcoin Cash has the potential for a very strong run. - The TD indicator is giving us another positive signal. We just started a new green count after reaching a full 13 negative count, this is a good sign, we will know in a very short few days how exactly this trade will develop, no need to wait long. - Bitcoin Cash movement started after reaching a bottom @ 0.1206, a price that hasn't been seen since December 19th, almost two months ago. So basically two months of retrace and consolidation from our last run... We traded that one as well. It was a profitable trade. - The price broke and remained above the EMA30 & 90 price line, this is a very positive signal. This was a resistance point that was easily broken and will now serve as support. - The weekly chart candles, chart formation and overall picture, gives us room for plenty of growth. Closing this week positive can give us the next week a strong run. Let's trade Bitcoin Cash, let's make some money with this coin. - The fact that Bitcoin Cash broke free from Bitcoins hold, is also a positive signal.
Note: There are some bearish signals for this trade, so this isn't 100% bull time but, this is a trade that can be done. Keep your stop loss and watch and... Let's Trade!
I am inspired to tell you how good we do, you do, when things don't go our way.
It is good to learn to prosper, even when things are not looking so great.
Times change, the season passed. Don't worry about the summer, winter won't last.
Time is today, the world seems so great, why not take a minute, to cherish yourself?
Why not take a minute, to develop your Soul?
Yes, take some time off, to know who you are.
Thank you for your continued support.
Namaste my brother, such an incredible beautiful Soul.
P.S. Please allow this trade time to develop. :) Patience is the key to success, here and everywhere else.
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Bitcoin Cash vs USD its a different story but still looks pretty similar to our BTC chart.
Looking at it from the exchange BitStamp, Bitcoin Cash had huge volume yesterday, which is really good since the volume was low on the BTC side. This means that people used more USD to buy Bitcoin Cash rather than BTC.
The MACD is also crossing over and there is plenty of room for growth.
The TD Indicator is also giving bullish signals. This is good for our trade, let's see how it goes.
Here is the daily chart for Bitcoin Cash vs USD (you can see similar patterns with the chart above):
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The order book is filling up nicely on our side for Bitcoin Cash (vs BTC), this is good news.
For Bitcoin Cash vs USDT, the orderbook looks "ok" on Bittrex, not as good as the BCCBTC one.
Anyways, there is lots of potential, specially if Bitcoin Cash decides to go against Bitcoin, so for this trade we are looking good.
Thanks for your continued support.
评论
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I saw Roger Ver on TV yesterday, maybe that's why Bitcoin Cash was pumped.
We are still within range. Please allow this trade time to continue.
Keep your stop loss active.
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This Bitcoin Cash is killing me. Let's hope we don't hit our stop loss.
This trade is still active.
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We are within buy-in range.
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We are pretty flat on the USD side (BCHUSD).
Bitcoin Cash going down vs BTC because Bitcoin is going up. Pretty obvious, but I still believe that it needs to be stated.
Here is the 4 hours chart for BCHUSD:
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Please allow this trade time to develop. When Bitcoin finishes its final leg down, Bitcoin Cash will have its moment, then it is time to move on.
This can take several days, at the least, to develop. So let's wait patiently and see how this goes.
Bitcoin Cash vs BTC is holding strong around the EMA21 level, which is 0.144 on the 4h and Daily charts. The next level to look at after this is our stop loss.
Bitcoin Cash vs USD is holding much more stronger and it is holding nicely between EMA7 & EMA21 on the daily chart. It doesn't look like it wants to make any harsh movements, still can go down a bit, but not that much (relative to our hugely volatile cryptocurrency market) so on the USD side it looks more stable. This is a simple hold.
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Keep your stop loss active. If it hits stop loss, then close this trade and we will visit again in the future... but I rather not. Bitcoin Cash seems to be more manipulated than Ripple (which is hugely manipulated).
So I might as well forget about this one since each time the charts point one way, the manipulators go the other.
交易结束：到达止损
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Trade closed: Stop loss has been activated.
I will try not to revisit this coin for a while, highly manipulated.
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I am not a fan of Bitcoin Cash because of the manipulation but the charts here look good for a long term hold / trade.
So if you are looking for long term trades, you can hold this one and wait.
BCH is known to be shady; the people behind it have done harm to Bitcoin, harm that contributed towards the cryptomarket crash, leading to great loss. Why are you promoting this wretched coin?
rt1223
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@rev214us, don't marry your coins, and don't fall for obvious propaganda lol
kardia
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@rt1223, FUD spread against Bitcoin was one of the major reasons why Bitcoin lost so much value. When Bitcoin went down, the whole market went down with it. People lost money as a result. Lots of FUD came out of the BCH camp against Bitcoin.
rt1223
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@rev214us, "FUD" is a stupid term for a natural part of the market cycle, there can't be greed forever, there is no market of only longs without shorts, btc isn't your favorite sports team, stop reading /r/bitcoin and stop following people just as easily manipulated by propaganda
@rev214us, it is tough for some to look past numbers at times...just like those that follow Roger...BTC will fight plenty of bad actors but we both know if it doesn't survive then none do
SaintDank
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@rev214us, you dont understand do you bch is in every way better than btc, it makes sense to dethrone a useless currency with one that has an actual uses
kardia
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@bikramganger, I understand that BCH is cheaper and faster than BTC (for now). What you and other BCH cheerleaders seem to not understand is when Bitcoin goes down it takes everything down with it, including your beloved BCH. Haven't you learned anything from this bear market?