Bitcoin Cash Technical Analysis: Finally, Some BCH Price Action!

Bitcoin Cash Technical Analysis: Finally, Some BCH Price Action!
фото показано с : bitcoinist.com

2018-11-14 14:00

The latest Bitcoin Cash technical analysis wades through the FUD, speculation and an all-out crypto-war to figure out what’s in store for BCH price with the looming hard-fork.

Bitcoin Cash Technical Analysis

Bitcoin Cash (BCH) 00 is nice and frothy on the expectation of the November 15th fork. Currently, BCH price shorts are outpacing longs and data from Bitfinex shows that BCH shorts are nearly double the number of open longs.

Bitfinex and Polo are supporting BCHABC and BCHSV markets and to be honest, anything could happen at this point on November 15th, so traders should be prepared and welcome the change of pace and action.

BCH has cooled off a little bit since leaping more than 50% to notch a two-month high above $646 and the current spike in short positions is not surprising given that opening such a position is typical when an asset has reached a top quickly with little supports in between the low and high.

To be honest, conducting a technical analysis on BCH right now is a little ‘speculative’ as swathes of traders are setting up positions to either gain from a massive price spike or dip, while many others are entering BCH for the free coins after the hard-fork.

Also to keep in mind, actual interest in Bitcoin Cash, according to Google Trends data, is still non-existent compared to Bitcoin 00. 

As mentioned earlier, anything could happen so keep an eye on your charts!

Daily Chart

The daily chart shows BCH pulling back sharply from the recent high and the presence of doji candles suggest some price uncertainty which is reflective of the near 50-50 split between the BCH-ABC and BCH-SV community as miners, investors and whomever else might be involved chooses a side.

The 20-MA appears to be functioning as a solid support (aligns at 61.8% Fib Retracement ($500)) and currently BCH rides along the 100-MA. The RSI has started to curve upward into bullish territory as the 50-MA kisses the 20-MA and the MACD is crossed and slightly descends from bullish territory.

If BCH falls below $500 it could quickly drop down to $460 (below the 50-Ma) and if this support gives way a full retrace is on the cards.

Traders should keep a close eye on charts across multiple exchanges and remember that post fork sell-off of BCH ABC and BCH SV could occur so try and remain impartial.

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]

What do you think of the latest Bitcoin Cash technical analysis? Share your thoughts below!

Images courtesy of Shutterstock, Trading View. Market data sourced from Bitfinex.

The post Bitcoin Cash Technical Analysis: Finally, Some BCH Price Action! appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cashcoin (CASH) на Currencies.ru

$ 0.0004289 (+0.63%)
Объем 24H $2
Изменеия 24h: -19.83 %, 7d: -30.46 %
Cегодня L: $0.0004262 - H: $0.0005443
Капитализация $22.93k Rank 99999
Цена в час новости $ 0.0029892 (-85.65%)

bch bitcoin cash price analysis technical longs

Источник: bitcoinist.com

bch bitcoin → Результатов: 126


DeFi Lender Nexo Is Now Offering Instant Credit Lines for Bitcoin Cash (BCH)

Nexo is one of the most successful crypto lenders on the market and has developed the BCH lending service in collaboration with Bitcoin.com. By making BCH-backed loans available on their platform, it enables BCH holders to take loans against their assets instead of having to sell when needing liquidity. This increases the utility of the […]

2019-12-16 21:19


Макс Кайзер спрогнозировал обвал стоимости BCH и BSV на 90%

По мнению телеведущего Макса Кайзера, вступление криптовалютного рынка в «красную» зону приведёт к ещё большему ослаблению альткоинов. Он уверен, что цифровые валюты, конкурирующие с биткоином, понесут колоссальные потери, и уже точно мы не увидим приход так называемого «альтсезона».

2019-9-3 17:47


Макс Кайзер спрогнозировал обвал стоимости BCH и BSV на 90%

По мнению телеведущего Макса Кайзера, вступление криптовалютного рынка в «красную» зону приведёт к ещё большему ослаблению альткоинов. Он уверен, что цифровые валюты, конкурирующие с биткоином, понесут колоссальные потери, и уже точно мы не увидим приход так называемого «альтсезона».

2019-8-29 16:44


Фото:

Bitcoin Cash Multi-Party Escrow, Vitalik Buterin Suggests BCH as Data Layer for ETH

Another week has passed for the Bitcoin Cash (BCH) community and as usual, there’s been a bunch of announcements and developments. BCH supporters this week saw the release of a multi-party onchain escrow system, Ethereum cofounder Vitalik Buterin discussed using the BCH chain as a data layer, and more BCH-accepting merchants were onboarded.

2019-7-16 00:56


Фото:

Bitcoin Cash Update: Multi-Party Escrow, Vitalik Suggests BCH as Data Layer for ETH

Another week has passed for the Bitcoin Cash (BCH) community and as usual, there’s been a bunch of announcements and developments. BCH supporters this week saw the release of a multi-party onchain escrow system, Ethereum cofounder Vitalik Buterin discussed using the BCH chain as a data layer, and more BCH-accepting merchants were onboarded.

2019-7-16 00:56


Bitcoin Cash’s [BCH] Roger Ver accuses Tone Vays of losing BCH vs BTC bet despite ‘cheating’

Bitcoin [BTC] has often been reprimanded by the Bitcoin fork coin maximalist due to its scalability, block size, and mining fees, among other things. The debate surrounding the digital coins at the joint edition of CC Forum and Malta AI & Blockchain Summit witnessed an argument between BCH’s Roger Ver and Bitcoin maximalist Tone Vays.

2019-5-26 17:30


Bitcoin Cash (BCH) или BCash? Что бы сказал Сатоши? Часть вторая

Наиболее известный имперсонатор Bitcoin — четвертая по величине криптовалюта на рынке, Bitcoin Cash (BCH) или BCash, как утверждают его противники. Роджер Вер, известный как “Биткойн Иисус” за свое раннее начинание в мире криптовалют, совершенно справедливо ненавидит текущее состояние BTC.

2019-5-25 15:01


Фото:

Инвестиции в криптовалюту: Bitcoin Cash (BCH)

«Bitcoin Cash (BCH) — это настоящий биткоин, лишенный изъянов и недостатков цифрового золота» — Roger Ver, главный сторонник этой электронной банкноты. С чего всё начиналось? История BCH По мере возрастания внимания к биткоину повышалась численность транзакций.

2019-4-3 11:56


За прошедшую неделю было перемещено 40% Bitcoin Cash

Похоже, что в последние время кто-то занялся активным перемещением средств на рынке Bitcoin Cash (BCH). Согласно данным, предоставленным bitinfocharts, за последнюю неделю было перемещено монет на сумму $1,43 млрд, что составило почти 40% капитализации BCH, что достаточно необычно для данной криптовалюты.

2018-12-17 10:56


Фото:

BCH Upgrades: What’s New and What’s Next

It’s been two weeks since the Bitcoin Cash (BCH) hard fork that upgraded the BCH chain and resulted in a blockchain split. But although many people have been focusing on the birth of Bitcoin SV, a number of BCH proponents are already moving forward and discussing the network’s latest upgrades, as well as the next hard […] The post BCH Upgrades: What’s New and What’s Next appeared first on Bitcoin News.

2018-11-29 03:10


Разработчики BSV положили конец «войне хэшрейтов»

Bitcoin Cash (BCH) разделился на две сети в результате хардфорка чуть больше недели назад, а между возникшими криптовалютами уже разыгралась нешуточная конкуренция. Майнеры Bitcoin Cash SV (BSV) и Bitcoin Cash ABC (BCH ABC) начали наращивать хэшрейты и длину цепочек.

2018-11-27 14:30


Bitcoin Cash (BCH) fork, Binance “maintenance” and market dump coincidence?

There were couple of interesting coincidences that were simultaneous with today’s monumental crash of bitcoin and crypto prices. The long raging civil war in the BCH camp that will end in a malignant and bloody split with one of the chains probably dying is certainly one of the plausible explanations for the crash even though […] The post Bitcoin Cash (BCH) fork, Binance “maintenance” and market dump coincidence? appeared first on CaptainAltcoin.

2018-11-15 03:04


Фото:

BCH Roundup: Merchant Adoption, Wallet Services, and Hackathons

Another busy week has passed for Bitcoin Cash (BCH) proponents as there continues to be an influx of bitcoin cash adoption, new platforms, and improved infrastructure. Also read: Popular Discussion Board 4chan Now Accepts Cryptocurrencies for Passes Bitcoin Cash (BCH) Market Action Every week there’s an awful lot of developments happening within the BCH ecosystem and […] The post BCH Roundup: Merchant Adoption, Wallet Services, and Hackathons appeared first on Bitcoin News.

2018-10-3 00:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.