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Bitcoincash

If Litecoin Will Outperform BTC, Will BCH Outperform LTC?I noticed a lot of twitter talk on the LTCBTC ratio chart about to breakout. A very nice looking chart pattern. My question is if LTC is about to outperform BTC, why not BCH outperform LTC? It seems to be forming a similar pattern to LTCBTC. They are both highly correlated cryptocurrencies as well. Both LTC and BCH seem to have fundamental catalysts that could push them higher. Mimble wimble upgrade for LTC, and the SmartBCH sidechain for BCH. Will be interesting to watch how it plays out. Please comment. Thanks!
by jaepayne
3
1INCH possible entryRather neutral market structure on the weekly timeframe so let's take a look at the daily. Here we can also see no real longterm trend. What we can see is a downtrend happening since the beginning of November. I have defined two key resistance areas where the first one is also a key psychological area at $3. As you can see by my many arrows there are more than enough S/R contact points on both levels (my sincere apologies for the arrow overload). In terms of candlestick we have a three white soldiers pattern with strong bodies forming. If we can break the trendline, I'll be looking to enter with a conservative target around $3 and a more aggressive target at $4. How are you feeling about this?
Long
by Coinathlon
Bitcoin- Are bulls in the first stage of grief: denial?I know I will get a lot of hate writing this post, but really, are bulls in denial? I'm bearish BTC since it was around 60k and since then I've read all types of analyzes and arguments why Bitcoin should rise. If is not this support, then the next one, if is not this, a moving average, a trend line drawn just to fit the purpose or an Elliott count, anything, just to say UP. This is spelling one thing to me: Denial. Let's face it, Bitcoin is in a downtrend now. For how long? nobody knows, but now is not the time to buy simply because you are trading hope, not what the chart is telling you. Technically speaking, as I predicted, Bitcoin dropped and reached my target of 41k zone support From this zone a rebound is likely and BtcUsd can rise and retest the new 46k resistance. Here bears should be strong and I expect a continuation of this new downtrend and finally a break under 41k support. In conclusion, I would not be surprised if Bitcoin will drop to 30k zone.
BITSTAMP:BTCUSD
by Mihai_Iacob
114
BCH - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BCH is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: BCH is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:BCHUSDLong
by TheSignalyst
11
BTC is near critical support, Can this downtrend be continued?#BTC Short term Analysis Bitcoin rejected from 52k-53k area rapidly, The only support that we can bet on that is 45500$. Breakout of this major descending trend line made me happy BUT it looks like it was just a fake breakout.(Bears have full control) If the 45500$ support is lost, the price will drop emotionally up to 42000$ and 40000$ support areas. I hope price can hold 45500$ support area, In this case we will move in this big trading range like past.
by TahaZargar
1
Bitcoin- New leg up is probableIn my previous Bitcoin analysis I said that although I'm quite bearish in the medium term, a leg up can happen on Bitcoin. Indeed, we had this first leg of correction with BtcUsd rising from 45.500 to 49.500. Now Bitcoin is in a slight correction of this first leg up and is dropping slowly putting in a flag pattern on our short-term chart. A new leg up is pretty probable at this moment and my target for this correction can be reached (52-53k zone). As I said multiple times, only and only Btc above 53 would change my medium-term perspective to bullish.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
25
BCH Resets its Would-Be 5th Wave Rally with PullbackWith our crypto crash last week, Bitcoin Cash invalidated its PURPLE primary pattern with the break of 386.59. This means that our larger Wave 4 correction that started after the May 2021 peak had been continuing all this time with that purple subwave (i) actually being a fake-out rally! Therefore, the GREEN pattern is now primary, and it has the entire 4th wave pullback identified as a double-zigzag (since the would-be C-wave is actually an ABC zigzag down, now labeled as 'Y'). It is not clear if the pullback is done yet, and we may see a slightly lower low to the 0.618 extension of our W-wave which would fall at about 324.07 on the chart. (FYI, there should have been a RED alt pattern on this chart as I had on all my other crypto charts... Point is now moot as GREEN has supplanted this.) So what's the good news despite all this doom and gloom?! BCH has a clean slate on where it can go next. Without 1-2 setup present, we can't make a clear projection yet on where the top should go, so I've added the big green box as our rough target zone. This falls within the 0.382-0.618 extension range of our larger 3-4, a common Fibonacci proportion; this is 1139-2370. However, as I'm interpreting the larger pattern starting from the Dec 2018 bottom as a diagonal, I'd expect the 5th wave to extend to somewhere between the 1.382 and 1.618 extensions of the larger 1-2. While the lower end of this range falls within the green box, the upper end falls at 3181! So yes, there's a puncher's chance we make it that high! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
KRAKEN:BCHUSDLong
by Critique-al-Thinker
BITCOIN PENDING LONGS 💰💰💰From a HTF premise for me BTC is still bullish we are makin higher highs and higher lows on a weekly timeframe, and right now price fullfilled all the imbalances on te buy side and should go to close the bearish one. What puts me in favour for longs more than shorts is that we have a weekly orderblock in 44-43k area that should act like a valuable area of ,, support ,, if you will. Only a close above 40k will make me rethink my view on BTC THE KING. What do you think ? Commente below..
BITSTAMP:BTCUSD
by AnonimFXRO
2