BCH/BTCWelcome to the crypto bubble.
Nobody left trading alts vs BTC . Nobody left yelling "alt season".
All important traders are dead.
(No, not you with your 0.1BTC or 1BTC - whatever is left in your stack from this 28 month alt bear market. Take no offense, 99.9999% of traders got rekt from these pump and dumps.)
Alt markets are out of sellers and the algorithms have found that threshold, where there's more buyers than sellers.
Bottom is in, where alts vs BTC is concerned.
I'll cover 10ish major cryptos that are worth trading, then I'll leave you guys alone for a while.
They are worth trading for the following reasons:
Fundamentals - Niche/target market, competitor comparison, development, necessity, use-case/potential demand, age, etc
Longevity - they've survived attacks on the technical and financial fronts (pump and dumps) - the longer an asset or species or coin is able to remain dominant, the more likely it is to remain dominant
(obviously, there's diminishing returns to that theory, post-adoption curve)
Liquidity - trading on margin invites additional market makers for both support and resistance - falling knives stop when big buyers have orders up, ready to buy cheaper
List of pairs I will be trading:
XRP/BTC - Real Time Gross Settlement - Proof of Correctness
XLM/BTC - Real Time Gross Settlement - Stellar Consensus Protocol - Jeb has always been about the people, which is why he left Ripple. More likely to gain traction, if run correctly.
ETC/BTC - Smart Contracts - Potential testnet for Ethereum/replacement, should FUD arrive again. Never forget, Ethereum lost the right to claim immutability. Good hedge to Ethereum bet.
IOTA/BTC - "Tangle is better than blockchain" - People love to FOMO this shitcoin. The fact is that Tangle will theoretically be better than blockchain, but that's probably way down the road, after IOTA dies. It'll pump HARD though.
ETH/BTC - Smart Contracts (Demand should grow globally)
LTC/BTC - Silver to Bitcoin and trustworthy testnet that can deploy innovation, without as rigid scrutiny s as BTC .
XMR/BTC - Anonymous (Ring CT )
BCH/BTC - Only potential Bitcoin competitor. Roger Ver is doing a fantastic job with this, by the way. I know, he gets emotional, but he's light-years ahead of 99% of people in this space.
EOS/BTC - Ethereum on Steroids. Expected to fail, as Ethereum will be the hardest thing in crypto to dethrone. It pumps like nuts when there's FOMO though.
NEO/BTC - Smart Contracts (Demand should grow from China)
ZEC/BTC - Anonymous (Zero Knowledge Proofs)
Based on Poloniex's moves with TRX in recent past, and the belief that the market alpha owns Polo, with that "Circle acquires Poloniex" news from forever ago (which we can get into another time), it appears to me than there are a lot of plans for Tron.
Although Justin Sun struck me as malleable, under-experienced and deceptive, this project has everything it could need, to go global. As a commodity/investment, or, as a patsy...
The TRX/BTC pair may be added to my list, if it meets my criteria in the coming months.
Regards
BCHBTC trade ideas
BCH/BTC - it's time to buy or what?Simply put, an area of support is where the price of an asset tends to stop falling, and an area of resistance is where the price tends to stop rising. But traders really need more information about support and resistance beyond those simple definitions before they attempt to make trading decisions based on those areas in a chart.
To use support and resistance effectively, you first need to understand how asset prices typically move, so you can then interpret support and resistance from that framework. You also need to be aware that there are different types of support and resistance, such as minor and major/strong. Minor levels are expected to be broken, while strong levels are more likely to hold and cause the price to move in the other direction.
BITCOIN CASH ($BCH) 14 MONTH LONG WYCKOFF ABOUT TO COMPLETEI never post on TV unless i'm 99% sure in the setup.
My first and only post on TV was the BTC 2018 bottom setup I was confident in, and it ended up taking path a) at the end.
Currently, I am looking at the BCH 14+ month long wyckoff accumulation pattern
Made me look at the giant wyckoff on D3 instead of the smaller one on H12. This one broke down on Nov 14, 2018 (BSV split) and is giving a hint that Roger Ver's and Bitmain's casino chips may end up being an EPIC win, while everyone is a) not looking b) loling and trolling
50-200 SMA golden cross is a few days or another 10% pump away from happening on the daily.
Strong buy for 2020, especially with the Bitcoin Cash halving 3 months before Bitcoin's.
BCH BTC daily chartHi everyone
BCH is under the ICHI cloud, 50 & 200 EMA to keep downward more. but faces with support areas that I expect to bounce upward.
so if you look for entry point, wait for the price to touch support levels, if it bounce its a good chance to follow my expected movement
upward. stay safe
Enjoy the market
BCHBTC 1D death cross, fib, and support zones.BCH is just now working on its 1D death cross (200 EMA crossing above the 55 EMA). This fits nicely with BCH rising into a nice orderblock (blue box). We have a confluence of multiple resistances here - 618 fib, stacked 55/100/200 EMA , and daily volume profile PoC . Looking at RSI , we see a trend line that it is likely to test and stochs also looking like a bit of upside, which should see us moving up to these resistances. I will be layering shorts from PoC (~.0339) to 200 ema (~.0352). Target here is the next order box (.0265, 25% move). Will start phasing out of short if we get any 12h or 1d closes above this order box (~.0365), with a SL at .0388.
BCHBTC: Is the next bullish wave about to happen?Here is my view on Bitcoin Cash vs BTC for the next few months.
After ranging for half a year between 0.025 and 0.034 followed by a breakout through resistance, the price has found its support between 0.030-0.035. If we do get a bullish confirmation in terms of a huge green candle that goes +15% or +20% up then it will be a great confirmation for bullish continuation. In this case, I expect the price to reach at least 0.06.
What to expect next?
In my opinion, it is not the best idea to jump in right now and hope for a blast. We should not guess the move but rather act accordingly. Ideally, we want to sea a bullish confirmation shooting above 0.037. If that happens, it is considerably safe to open long with the stop-loss around 0.031. The risk-reward ratio in that case will be up to 5:1 or even higher.
What if...?
This scenario will be violated if the price drops sharply below 0.029. If this happens, then we might see another 1-2 months of a sideways movement before any significant price action occurs again.
Remember, the price of entry does not matter as long as the Risk-Reward Ratio is good enough and the market shows actions according to your strategy. What do I meen by that? Let's say you are expecting a green confirmation for your entry and suddenly the price moves much faster and much further than you expected. Should you still enter that trade? If it does not violates your rules for entries then yes definitely you should enter a trade. Stronger move means stronger confirmation for you and thus more confidence in your strategy.
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GENERAL RULES TO KEEP YOUR ACCOUNT SAFE:
1. Do not risk more than 2-3% per trade!
2. Try to wait for a trade with the Risk-Reward Ratio of at least 3:1
3. Always use stop-loss!
4. Do not FOMO and do not add to a losing trade
5. Remember: Patience is the key!
THIS IS NOT A FINANCIAL ADVICE so please do not follow it if you are in doubt. DYOR!
BCH BTC LONGIt looks like bch has completed a falling wedge pattern, which is often bullish.
The pattern is interesting because there is triple bullish divergence on the RSI, the price in satoshi is dropping, but the momentum isn't following to the downside. A bounce could be incoming. This combined with the btc halving could see bch propel higher.
IF it breaks the dotted line (resistance line), then it's highly likely that bch will complete the inverse head and shoulders reversal pattern.
The same structure can be observed in other coins as well, such as ETC.
As usual the post is for educational purpose only. :)
Bitcoin Cash Trend ReversalWe can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom.
I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position.
Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Bitcoin Cash Bounce Off SupportBitcoin Cash retrace is coming to an end?
We can see here a higher low (light blue) and prices starting to move above EMA10.
BCHBTC can move to the upper side of the purple channel.
The indicators are looking good but the trading volume is still low.
Normally a bearish signal but since today is a Saturday we can either expect to see the trading volume grow by Monday or else experience a drop.
We remain bullish on BCHBTC as long as prices are trading above 0.028840.
This is not financial advice.
Thanks a lot for reading.
Namaste.
BCH making correlating moves with... Hi!
BCH has always been a volatile and for the courage traders a profit machine at times. Much like XRP it goes totally off the rails when it wants.
I see strong correlation between BCH and BTC, and as you might now by now, I have been and am still really bullish on BTC, so same will apply for BCH aswell. BCH has been for as long as I can remember a great mirror for BTC, many times even being the signal before the runs. We should assume it hasn't changed now, and because BCH has made a solid bottom and started next bull trend, I see no reason not to include a chart of this as well.
All the best!
-B
BCH/BTC 2H (Binance) Falling wedge break-out & on supportBitcoin Cash is looking quite bullish on that Time-Frame, even the RSI is showing a break-out.
I'm expected to catch it on the pull-back, but I will start entering now above 20EMA (red one):
Buy Entry= 0.032750 - 0.032150
Take Profit= 0.033633 | 0.034488 | 0.035853
Stop Loss= 0.031269
Risk/Reward= 1:1 | 1:1.73 | 1:2.88
Expected Profit= 3.65% | 6.28% | 10.49%
Possible Loss= -3.64%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
RogerCoin lookin' superbullishForks.. Forks everywhere...
So BCH vs BTC looks extremely good:
Trednline break (dotted red line) supported by bullish RSI divergencies on all major TFs: 15, 30, 60, 120, 240.
I can also see multiple C-forks on different TFs, most important being daily - if we get a close above 0.035, it would clear the way for a lot more upside.
BCHBTC trend is downRejected by the weekly ichimoku cloud, the 4H 200 ema, with 4H RSI crossing under support and weekly MACD ticking down. In a descending wedge pattern. Target 0.01764.
Gap at 0.068 means that at some point in the future, price will reverse trend and head up. However falling out of the longterm descending triangle is bad, i can't imagine how that can be reconciled with the gap.