200-billion-more-tariffs-china We can all say, short the market? And invest into debt free economy? Needs to break this wedge, BCH xbt bitcoin wiki pl request. All of the crypto’s have started moving to the upside including BCH.
BCH has a nice move and needs to break this 900 resistance point first then the trendline before looking for a further move to the upside. Pretty straightforward right now, MACD pointing up, RSI moving up. Needs a solid break and even then I would want to see where we are once it breaks. Lower lows and Lower highs on hourly indicate continuation of downward movement.
Could test the 200MA before going down again. Low volume will make it hard to hold at these levels. South Korean banks are using blockchain technology to launch the next-generation digital identification system in July 2018. The joint effort utilizes Samsung’s enterprise blockchain solution, Nexledger. Looks like a falling wedge on the daily. BCH is still dropping and very bearish at the moment.
As long as it stays within this descending channel there is absolutely no reason to think about a rally any time soon. It has dropped out of that bear flag as well and has started to accelerate down again. Found this jewel from another trader. Did my analysis, and it shows everything i need to know, about the macro state of crypto.
The next entries are so obvious now, it is not even funny! Crypto market in phase C of accumulation? The above chart is the Bloomberg Galaxy Crypto Index Increase of supply that lead to the most recent decline leads me to think that were are currently testing what may possibly be our last point of supply. Bulls need to hold this range as a break here will result a panic sell off in the market.
BCH – Are you ready for the bounce? Posted this possibility in Twitter on June11, so please follow me there so that you don’t miss any updates. 10k will not be a straight path. Beautiful pattern emerging with Bitcoin Cash Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you’re going right back to poverty on drop. We are not your financial advisors.
A break below would signal new lows. Volume continues to descend, bears are having a break, but bulls are not convincing us that they will reverse the down trend. The dump should start around June 22 or 23, we will make a double top near 7 k before falling down. Alternative variant: brekout 7k we go to 7. Yesterday’s price action was tricky to say the least. Lost 5 points on the first short and then another 15 on a long above 6545 before at last capturing 140 or so points on the final short from 6535 to 6395 overnight. Bitcoin Continuation pattern forming after the failed break earlier.
Just a bear flag so far. 6710 first support and if it’s going to bounce it should be from the lower parallel of the nascent pattern – but there’s no real interest A worry for any brave bulls at this point. It has been some time since an update here from Digital Alpha. There was some family business to attend to, glady it was joyous “business”. Now that things have calmed down a bit I’m able to write up a quick BTC update.
Now this is more of a “potential” scenario. Bitcoin has moved back into neutral in the nearterm. We are not yet able to consolidate above the 7700, but the pullback from that level each time is becoming shorter pulse. Spring is closing in, I think that preparing for the break. A Bullish Engulfing Candle is forming and our RSI is currently rebounding from highly oversold levels.