Bitcoin Cash [BCH] Price Analysis: Long-term bears loom as mid-week bulls carry token

The market cap of the collective cryptocurrency market was stable at $135 billion, riding high from an early-week low of $131 billion.
At press time, the coin had gained marginally against the US dollar by 1.29 percent, and was trading at $133.10. The price of Bitcoin Cash [BCH] had petered out after spiking to $135.71, following which the price began to peter out.  Bitcoin Cash posted a market cap of $2.36 billion, with a surging Binance Coin [BNB] behind by just $220 million.
LBank dominates the BCH market, accounting for 13.05 percent of the global BCH volume via the trading pair BCH/BTC. Other exchanges which posted high Bitcoin Cash trading volumes were P2PB2B, HitBTC, and BiteBTC.
1-hour
Source: Trading View
The mid-week uptrend pushed the price from $128.37 to $133.46, and was followed by a market correction which pulled the price from $133.57 to $129.25. Following this roller coaster-like movement, the coin was stable around the $132 mark.
Bitcoin Cash showed an immediate resistance level of 133.46, which the coin touched earlier this week. The immediate support level of the coin stood at $127.15.
The Bollinger Bands showed a massive increase in volatility as the coin’s price shot up, before dropping down within a two-day window. The Moving Average line showed a bullish market.
The Chaikin Money Flow tool pointed to an increase in the money inflow into BCH tokens, as the CMF line was above 0.
The Awesome Oscillator indicated a rise in short term momentum. However, since the concluding bars were red, a bearish phase for the coin was expected.
1-day
Source: Trading View
Barring one solitary long-term uptrend in February which raised the price from $128.03 to $152.76, the coin was stuck between two downtrends. Prior to the uptrend, the coin’s price dropped from $196.72 to $119.01, following which the coin’s price fell from $150.85 to $130.02.
The coin’s immediate support stood at $118.42, while the immediate resistance for the coin was found at $153.
The Parabolic SAR indicated a bearish market.
The MACD showed a mildly bearish market as the Signal Line was just above the MACD line.
The Relative Strength Index pointed to a drop in the coin’s investor interest as the RSI had dropped from 69.21 to 52.81, since February.
Conclusion
Bitcoin Cash was buoyed by mid-week bulls and managed to sustain its high, with the coin pushing above the $130 mark. In the short-term, the coin was trading on a high as the CMF line pointed to an increase in money inflow and short term momentum looked to rise. In the long-term however, the coin was struggling to get free from the bears’ grasp.
The post Bitcoin Cash [BCH] Price Analysis: Long-term bears loom as mid-week bulls carry token appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bears lose momentum as bulls look to gain authority

Bitcoin Cash [BCH] looked to consolidate its price valuation as the token gained momentum against the US dollar by 2.59%. The token was priced at $131.59, with a market cap of around $2.3 billion. The coin recorded a trading volume of $270 million over the past 24 hours.
The token was traded the most on P2PB2B exchange with the BCH/BTC trading pair, which contributed $22 million of the total trade, equivalent to about 7.83% of the 24-hour trading volume. It was closely matched by HitBTC exchange, which recorded 6.78% of the total trade.
1-hour
Source: TradingView
The token recovered some of its losses, as the price experienced a prominent uptrend on the chart. The uptrend extended from $128.10 to $133.30, while the previous downtrend extended from $134.003 to $128.30. The resistance line remained constant at $134.20.
The Bollinger Bands indicated a volatile period for the token as the bands seemed to be diverging. The Moving Average line was moving, with the candlesticks above it, suggesting an bullish run.
The Relative Strength Index or RSI suggested that the buying and selling pressures had evened each other out.
The Aroon indicator had the red line hover over the blue line, an indication of a bearish phase for the coin.
1-day
Source: TradingView
The long-term chart for the token indicated a major downtrend that extended from a high of $629.10 to  a low of $123.90. The resistance zone for the token remained between $195.90 and $123.90 since the fall in valuation. The support line was constant at $76.10 for the entirety of the trend.
The Parabolic SAR markers hovered over the candlesticks and indicated an ongoing bearish trend. However, the dotted markers were flattened very close to the candles and pointed at the possibility of a change in trend soon.
The Chaikin Money Flow indicated that there was no money coming into the token’s market as the line remained under the zero line.
The MACD line indicated a bearish trend for the coin. However, since the blue and red line were in close proximity to each other, a crossover was imminent.
Conclusion
The indicators for the BCH charts suggested that the bear trend was losing its momentum, with the bulls slowly coming back into the market.
The post Bitcoin Cash [BCH] Price Analysis: Bears lose momentum as bulls look to gain authority appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bulls push for short-term consolidation

The collective coin market turned green after days of sideways movement, and the sixth largest coin looked to return to the bullish days of February. BCH was pegged down since the start of the month, with Binance Coin [BNB] hot on its tail.
Bitcoin Cash marginally gained against the US dollar by 0.35 percent and was trading at $128.01, at press time. The market cap of the coin stood at $2.27 billion, ahead of BNB by just $140 million.
In terms of exchange dominance, P2PB2B took the top spot, accounting for 10.86 percent of BCH trading volume, in the pair BCH/BTC. Other prominent exchanges were HitBTC and LBank.
1-hour
Source: Trading View
Bitcoin Cash’s one-hour chart showed two sets of downtrends and a single uptrend. Bitcoin Cash dropped from $133.97 to $130.59, and later from $130.74 to $127.9. Following these downtrends, the coin rose back up from $125.95 to $128.28, showing signs of stabilization.
The immediate support level of the coin stood at $125.14. Bitcoin Cash found immediate resistance at $128.30.
The Bollinger Bands pointed to a decline in the coin’s volatility as the price looked to stabilize. The Moving Average line indicated a bearish market.
The Chaikin Money Flow tool indicated a rise in cash inflow into BCH tokens, as the CMF line was above 0.
The Awesome Oscillator indicated an increase in the market’s short-term momentum. However, the concluding bars were red and minor, suggesting bearish activity with low severity.
1-day
Source: Trading View
The one-day chart saw two notable movements in opposite directions. Bitcoin Cash enjoyed an uptrend in February, pushing the price from $128.03 to $152.76. Post the uptrend, the coin dropped from $153.15 to $132.65.
Bitcoin Cash found immediate support at $118.42, which the coin dipped below in early February. The immediate resistance level of the coin stood at $153.
The Parabolic SAR showed a bearish phase for the coin as the dotted markers were above the coin’s trend line.
The Relative Strength Index indicated that investor interest was on a decline, with the RSI dropping from 69.04 to 47.73.
The MACD pointed to a bearish market as the MACD line was below the Signal line.
Conclusion
With low volatility and positive money inflow, the bulls look to bless the BCH market in the short term. In the long-term, the bears still ruled as investor interest was declining, with both the Parabolic SAR and the MACD pointing to incoming bearish activity.
The post Bitcoin Cash [BCH] Price Analysis: Bulls push for short-term consolidation appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bears’ grip loosens as bulls fight back for control

After a brutal bear attack, Bitcoin Cash [BCH] recovered part of its losses on the back of the bulls. The token’s value against the US dollar spiked by 0.53% in the last 24 hours and the token was valued at $131.30, at press time.
The market capitalization remained steady at $2.3 billion, with the 24-hour trading volume capped at $264 million. The coin was most traded on P2PB2B exchange via the BCH/BTC and BCH/USD pairs, which contributed to 9.84% and 6.51% of the total trade volume, respectively.
1-hour
Source: TradingView
The short-term chart pictured a bearish trend for the coin. The uptrend extended from $123.50 to $131.30 and the price movement was sideways between the resistance lines at $132.60 and $126.30. The support line for the coin stood at $121.90.
The Bollinger Bands were diverging, indicating a volatile period for the coin.
The MACD line indicated a bullish trend for the coin, as the blue line hovered over the red line after witnessing a crossover.
The Relative Strength Index or RSI pictured an even buying and selling pressure for the coin as the marker stood between the overbought and oversold zone.
1-day
Source: TradingView
The long-term chart was bearish since the end of last year as the coin failed to recover from its losses. The downtrend extended from $626.50 to $154.80, while no significant uptrend was seen. The resistance levels were found at $651.80 and $412.10.
The Parabolic SAR indicated that the coin continued to be bearish, as the dotted lines remained above the candlesticks.
The Fisher Transform pictured a bullish trend for the token, as the blue line remained above the red line.
The Awesome Oscillator indicated bearish momentum for the coin market.
Conclusion:
The short-term indicators projected an impending trend change for the coin on the back of some bullish activity. The long-term chart however, pictured a continuing bearish trend for the coin.
The post Bitcoin Cash [BCH] Price Analysis: Bears’ grip loosens as bulls fight back for control appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH/USD] Technical Analysis: Bear run amok in the crypto-ecosystem

Bitcoin Cash has suffered a great deal due to the hard fork between ABC implementation and the SV implementation and is struggling to rise to its original price. BCH is currently trading at $193 with a market cap of $3.52 billion.
1 Hour
Source: Trading View
In the one-hour time frame, BCH shows a downtrend extending from $368 to $200, with no uptrend in this forever lasting bear market. While the support at $225 is broken, new support is formed at $158. The resistance points can be seen holding steady at $368 and $275.
The Parabolic SAR shows a rather positive trend for BCH with the SAR markers spawning below the price candles.
The CMF is below the zero line which indicates that the money inflow is comparatively less than the money outflow.
The Stochastic RSI has shot above the overbought zone in a bullish crossover.
1 Day
Source: Trading View
The one-day chart for Bitcoin Cash shows a strong downward movement, with no uptrend in the horizon. Downtrend, however, extends from $1295 to 196. The previous supports have been breached and the prices are in a free fall, but the resistance points can be seen at $907, $651 and $1169.
The Bollinger Bands are in an expansion but the prices have fallen down, below the simple moving average.
The MACD is showing a huge crossover to the bottom, which indicates that prices for BCH are showing a bearish downtrend in the one-day longterm chart.
The Relative Strength Index shows an oversold market for BCH as the prices have tumbled down without any stop.
Conclusion
The SAR and the Stochastic RSI show a bullish trend for BCH in the one-hour chart, while the CMF shows that the money is flowing out of the BCH market. The one-day chart with indicators shows nothing but bearish signs as indicated by the Bollinger Bands, MACD and RSI.
The post Bitcoin Cash [BCH/USD] Technical Analysis: Bear run amok in the crypto-ecosystem appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH/USD] Technical Analysis: The Grizzly-show is yet to end

Bitcoin Cash has been mutilated by the hard fork that took place on November 15. However, exchanges like Coinbase have already accepted the ABC implementation as the winner and assigned it the ticker of Bitcoin Cash.
The current price of Bitcoin Cash is at $222.4 and the market cap is hovering around $3.87 billion. The 24-hour trade volume as seen on Coinmarketcap at the time of writing is $63.34 million, of which 23.39% of the total trade volume is contributed by Binance with trade pairs BCH/USDT and BCH/BTC.
1 Hour
Source: Trading View
Bitcoin Cash has suffered due to the hard fork and has no uptrend as a result. The downtrend for Bitcoin Cash extends from $431.7 to $235.5. The prices have dipped recently on November 20 and broke previous supports and the prices are currently being supported at $225.1. The resistance for Bitcoin Cash has been set at $280 and $368.8.
The MACD line has crossed the signal line to the bottom in a bearish crossover. The histogram for MACD has red bars hanging from the zero line.
The Stochastic lines have struck the oversold zone in a bearish crossover.
The Chaikin Money Flow indicates that money flowing out of the market is more than the money flowing into the market as the CMF line has crossed below the zero line.
1 Day
Source: Trading View
The downtrend ranges from $1295.6 to $253.2 while there doesn’t seem to be an uptrend in the bearish scenario. The resistance is set up at $651.8, $907 and $1169.2.
The Aroon indicator shows a downtrend in progression as the Aroon downline has hit the 100 line. The Aroon downline has struck the bottom, indicating that the uptrend has been extinguished.
The Relative Strenght Index shows an oversold market as it has breached the 30 line.
Conclusion
The one-hour chart shows an overall bearish trend as indicated by CMF, MACD and Stochasatic . The indicators in the one-day show a bearish trend that has overtaken the crypto-verse.
The post Bitcoin Cash [BCH/USD] Technical Analysis: The Grizzly-show is yet to end appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash Price Analysis: BCH/USD Trends of November 7–13, 2018

CoinSpeaker

Bitcoin Cash Price Analysis: BCH/USD Trends of November 7–13, 2018

Confirmation to the bulls’ takeover was seen as the next daily candle closed as bullish engulfing above the two EMAs.

Bitcoin Cash Price Analysis: BCH/USD Trends of November 7–13, 2018

Continue reading at Coinspeaker
Source: CoinSpeaker

BCH/USD Bitcoin Cash Price Analysis: BCH Stable at $7.76 billion

Overly, the market is flat and the lack of solid price movement after Oct 15 could hint at a lower level price accumulation and potential BCH bulls as long as trend above $400. Rallies above $550 and $600 could lead to surges towards $850, our first ideal bull target.
Latest Bitcoin Cash News
Aside from being a peer to peer electronic cash payment system that executes according to the dicta of Satoshi Nakamoto, Bitcoin Cash allows developers to build application on top of its blockchain. Many dApps are now live but the recent beta form launch of Hivr, a social media dApp complete with an inbuilt wallet and a native tipping tool seem to be revolutionary. At the moment, the dApp is limited to Android devices but developers plan to build the iOS version once Hivr comes out of beta.
At the moment, users can post for free onto their social news feed, chat and even tip content creators with BCH. Other dApps as Block Press for example offer limited feature as instant messaging but the creators of Hivr say they are rolling out an application that wraps up all the wonderful features found in the Bitcoin Cash community for free. Because of this, users can create post for free and enjoy a feature rich social platform that is intuitive and easy to use.

In the meantime, the CEO of Binance Zhao Changpeng responded to queries on why the world’s largest cryptocurrency exchange by trading volume is yet to change the Bitcoin Cash ticker symbol from BCC to the BCH like other exchanges. In his response Zhao said BCC and BCH are both acceptable but most tend to settle for BCH. He went on and said the exchange has no plans of changing the symbol to BCH.
Bitcoin Cash (BCH/USD) Price Analysis
Weekly Chart

On to the charts and BCH is technically bearish and struggling to stay afloat under immense bear pressure. Even though most traders are upbeat and looking forward for prices to recover now that BCH is trading 90 percent from 2017 peaks, the lack of follow through after last week’s bullish attempt mean our last Bitcoin Cash trade plan is valid as traders maintain a neutral to bearish outlook.
Previously, we had said for bulls to flourish and at least reverse this year’s losses then we had to see rallies above $600 triggering bulls who in turn should eye $850 or higher. However, none of our trade conditions is live. Furthermore, what we have is a consolidation in lower time frames as BCH prices oscillate inside Sep high low.
Therefore, unless otherwise, bears are in charge and it could get worse if prices sink below Sep 2018 lows at $400 as it could herald a new bear phase with first targets at $250 in line with our last Bitcoin Cash price analysis.
Daily Chart

On to the daily chart and not only is BCH consolidating horizontally within a tight $80 range with minor resistance at Oct 11 and 15 highs at around $550, but there is a clear indecision thanks to two counter moves of Oct 11 and 15.
Even in the midst of a 90+ percent decline, we shall recommend taking a neutral stand until we see price rise and reverse Oct 11 losses or confirm it by melting below $400. If the former is the case then bulls set in motion by end of Sep could rally above $600.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post BCH/USD Bitcoin Cash Price Analysis: BCH Stable at $7.76 billion appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Cash Price Analysis: Successful ViaBTC’s ICO is “Very Bullish” for BCH

ViaBTC demonstration that it’s possible for startups to raise funds on the Bitcoin Cash blockchain is very bullish for BCH investors. Complementing this is Roger Ver’s solid plan of setting up a “high liquid exchange with BCH as base”. This and other fundamental development means our previous Bitcoin Cash trade plan is valid. In that case we recommend risk-off, aggressive traders to load up at spot and trade in the direction of Sep 27 with stops just below Aug 14 lows at $470.
Latest Bitcoin Cash News
Roger Ver or “Bitcoin Jesus”, a controversial Bitcoin Cash evangelist is considering opening a new cryptocurrency exchange. He is now looking for a partner. Though he might end up creating one “internally” it’s obvious that once it goes online, BCH will be base. As always, Roger Ver is confident. This time he says, should they decide to build their own exchange, then it will be at a cheap and “achieve exactly what they want”.  He went on to say the exchange will attract thousands of users per day. Because of this extreme popularity, the exchange will offer instant liquidity. Though no other details about design filtered through, Bitcoin.com will be host. The site is known to advance Bitcoin Cash causes. Aside from Roger Ver’s future exchange, CoinEx is the only exchange that has BCH as base currency.
In other boosting news, ViaBTC did their first ICO offering raising $30 million in 2.2 hours. The ICO was executed via the WORM protocol in the Bitcoin cash blockchain. The token, VIAT, is a value-added service that acts as GAS and as a means of value transfer. In total there will be 2 billion VIAT tokens and VIAT traders at CoinEx will receive air drops.
Bitcoin Cash Price Analysis
Weekly Chart

All things constant, BCH is stable. It’s down one percent in the last week and still trading inside week ending Sep 30 high lows. Besides, prices are drifting closer towards the psychological support at $500 and almost $70 from the main resistance line and buy trigger at $600.
Regardless of the optimism around price action, the simple fact that BCH buys are having a hard time to reverse losses from week ending Sep 9 hints of the strength of underlying bears. The moment prices break below $500 then odds of further declines towards Sep lows will rise. After all, prices are technically bearish with recent gains based on expectations/sentiment rather than solid price shifts.
Therefore, unless otherwise, we retain a neutral but bearish projection as far as price action is auctioned. We shall cancel this forecast once BCH prices rally past $600. Ideally, there should be volume surges as those of week ending Sep 30.
Daily Chart

Notice that BCH prices are in consolidation mode with clear resistance at $600 on the upside and support at $400. This $200 range is important in our Bitcoin Cash price analysis. However, the $500 support is conspicuous and is our immediate support line.
In our last Bitcoin Cash price analysis, we had proposed small size buys by risk-off traders with stops at Aug 14 lows. Against prevailing market conditions, this projection is still true. Since prices are still trading within Sep 27 high low in a clear consolidation, we suggest risk off traders to load up at spot rates with first targets at $500. However, should bears drive prices lower below $500 and $450, then we shall revert back to neutral waiting for reactions at the main support line at $400.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post Bitcoin Cash Price Analysis: Successful ViaBTC’s ICO is “Very Bullish” for BCH appeared first on NewsBTC.
Source: New feedNewsBTC.com