This is also a good sign for other Altcoins trades, because this is basically another confirmation that Bitcoin might really tank.
I don't know do USD pairs, but you can check it out, as there is a good chance that this will be a HUGE opportunity.
This is a quick chart analysis:
-4H candles, which means each candle is really strong.
-TD count already up to 9, if it keeps on going green after 9, mega .
-MACD going wild as well as ; on the positive side of things.
-The looks even stronger.
Remember to follow all of the usual advises:
-Diversify and patience.
-Always stop to think, and breath, before taking any action.
Last time BCH had a really, it was an incredible rally.
I will be looking at the BCHBTC pair, to see if I can do a more in depth analysis and give you supports and targets.
This is a "buy signal" for experienced traders.
Trade at your own risk.
- Black line is support (very strong).
- Candle stick TD count is only #2, plenty of room for growth.
- MACD hasn't crossover yet, so basically the action is yet to start.
- RSI is fairly low, which allows plenty of room for growth. If it goes above 90, that's oversold, yet we are just above the middle:
- The purple numbers will be your targets, based on Fibonacci. The black is your support.
- The EMA30 shows strong support @$1,280. Your stop loss should be around $1,250.
It takes time to see the effect, or it might continue going up, since this is a USD trade and not BTC.
The BCH (BCC) vs BTC pair is very likely to fall. But again, that is just a possibility. The charts will decide what we should do for each coin.
*** Follow the trade description if you have questions about... Well, there is only sell for profit or sell for loss. So for now, just HOLD.
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Let me give you a quick advice: When following target lines, always consider a range, most of the times the targets are broken past the resistance, but some others it doesn't really get there, so, if you really, really wants the sell order to fill up, you can put it 5% lower. And if you are ok with waiting or you want to extract the maximum, you can put it 5% higher. But always use these lines as reference to come up with your own sell point.
And that's, my suggestion.
Now they are even reversing to continue climbing up right away, WOW, Bitcoin Cash... Ok, let's do this. LET'S TRADE!
The indicators are still showing room for growth though on the positive side:
Hold these coins as they can become very valuable pretty soon.
- Top line is resistance, bottom line is support.
- Black lines; so you can get an idea of support prices.
- Magenta line so you can get an idea of resistance prices.
- When we break the channel, we go to the moon (huge price increase).
Hope you like it and enjoy it.
So let me correct myself and put it this way. "It might be added to Coinbase".
Hope that helps clear any misunderstanding that I created with my update. I apologize.
I use the charts, so I don't know where we are going now. All I know is that I am selling HIGH!!!
Thanks for all the support, always, that I receive thus far.