Bitcoin Cash (BCH) Price Prediction Forecasts

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Bitcoin Cash (BCH) Price Predictions: Market Data Forecasts and BCH/USD Value Charts

Contents

Bitcoin Cash (BCH) Daily Price Forecast: March 22, 2019

  • The medium and short-term outlook is in a downtrend.
  • Responsible selling may be considered.

BCH/USD Medium-term Trend: Bearish

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD continues in bearish trend in its medium-term outlook. The strong bearish pressure was sustained as the cryptocurrency dropped to the predicted 50.0 fib area at $146.01. Increased bearish momentum saw BCHUSD further down to $145.81 in the demand area during yesterday session.

The momentum was briefly lost as indicated by the wick in the candle as the bulls returned. This saw the cryptocurrency up at $153.47 in the supply area which is within the 38.2 fib area.

Today’s session opened with a bearish doji candle at $152.66 an indication of possible bears returned.

The bearish pressure remained strong and a retest of the 50.0 fib area at $146.01 may occur before the next of 61.8 fib area at $141.07 in the demand area.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. $152.45 in the lower demand area of the range was broken with a large bearish candle. BCHUSD dropped lower to $152.45 which was the same low on 17th March.

The broken demand area was retested before the end of yesterday session due to the bulls returned. This was a correction needed to confirm the downtrend continuation.

Price is below the two EMAs an indication of strong bears presence $146.00 in the demand area is up grabs as the momentum down south increases in the short-term.

Author: Azeez M


Bitcoin Cash (BCH) Daily Price Forecast: March 20, 2019

  • The medium-term outlook is in downtrend while the short-term is in consolidation.
  • Patience should be exercise for a breakout or breakdown to occur before taking a position.

BCH/USD Medium-term Trend: Bearish

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD is in bearish trend in its medium-term outlook. After a push of price to $166.80 in the supply area, the bullish pressure was weaken as the cryptocurrency briefly ranges around the 23.6 fib area.

The bears’ hold of the market was signaled with the exhaustion denoted by wick at $160.59 as the candle closes as an inverted pinbar during yesterday session. The break of the 10-EMA by the large bearish engulfing candle confirmed the bears' takeover as today’s market opens.

BCHUSD is down to $155.07. Continued movement to the downside may occur as indicated by the stochastic oscillator whose signal points down at 31%.
$146.01 in the demand area which is the 50.0 fib area is a target to the bears in the medium term as the bearish pressure becomes stronger.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. $161.36 in the supply area was the high while $153.56 was the low of the cryptocurrency it ranges.

Today’s bullish 1-hour opening candle at $158.65 pushed price up briefly to $159.87 in the supply area before the bears took control and dropped BCHUSD to $155.25 in the demand area.

A flag is been formed within the range an indication that downward moment may continue.

BCHUSD is ranging and trading between $161.91 in the upper supply area and at $152.45 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.

Author: Azeez M


Bitcoin Cash (BCH) Daily Price Forecast: March 18, 2019

  • The medium-term outlook is in consolidation while the short-term is in a bullish trend.
  • Traders may consider buying at pullback areas.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD continues in the range in its medium-term outlook. $134.35 in the supply area was the high due of yesterday market while $127.02 at the demand area was the low of the day. The bullish pressure was more dominate after the two EMAs were broken by the large bullish candle.

Today’s 4-hour opening candle at $131.39 sustained the momentum up north as the bulls continue their dominance in today’s session. Price is above the two EMAs crossover and the stochastic oscillator signal points up. These imply upward momentum in price within the range may occur.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bullish impulsive move to $134.35 in the supply area witnessed a correction to $127.11 in the demand area by the bears before the end of yesterday session.

The cryptocurrency is in an ascending channel. $130.75 in the lower line of the channel was with tested after today’s opening session as the bears' momentum was lost.

The bulls gradual returned was signaled by the first bullish candle at $130.78 and confirmed by the bullish marubozu candle at $131.31.

$134.00 at the upper line of the channel is the bulls initial target in the short-term as price stands above the two EMAs crossover an indication of bullish pressure.

Author: Azeez M


Bitcoin Cash (BCH) Daily Price Forecast: March 15, 2019

  • The medium and short-term outlook is in the uptrend.
  • The journey to $180.00 supply area is on.

BCH/USD Medium-term Trend: Bullish

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD is in bullish trend in its medium-term outlook. The breakout at $135.35 in the upper supply area occurred with a large bullish with marubozu candle on 15th March.
BCHUSD rose to $159.64 in the supply area over the weekend before the minor draw down to $145.76 in the demand area as yesterday session opens.

Although the bulls stage a return before the end of trading with a push of price to $156.68 in the supply area.

Today’s 4-hour opening candle at $156.50 sustained the bullish momentum as BCHUSD was up at $166.80 in the supply area shortly after opening. Price is above the two EMAs which are fanned apart, an indication of strength in the context of the uptrend. The stochastic oscillator signal points up at 74%. This implies an upward momentum in price in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency continues in a bullish trend in its short-term outlook. Price is on a making progressive higher high with a push to the upside at each touch of the trendline.

Today’s 1-hour candle was a doji followed by a bullish candle $153.56 confirmed the bulls takeover. BCHUSD was up at $166.80 in the supply area.

A minor pullback may occur before uptrend continuation. $172.00 in the supply area remained a target for the bulls as price stays above the two EMAs in the short-term as the pressure becomes much stronger.

Author: Azeez M


Bitcoin Cash (BCH) Daily Price Forecast: March 13, 2019

  • The cryptocurrency is in a range-bound market in both the medium and short-term outlook.
  • The need for patience is essential for a breakout or breakdown in price before takin a position.. before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD continues in the range in its medium-term outlook. The momentum to the downside was strong during yesterday session with a retest $125.10 in the demand area. The bearish marubozu ensure the bears touch at the lower price range.

BCHUSD was up before the end of yesterday session as the bulls gradually took over the control with the formation of an engulfing candle at $125.25. The cryptocurrency was up at $128.50 in the supply area.

The bulls may continue the upward price movement within the range as confirmed by the signal of the stochastic oscillator pointing up at 39% and price hovers around the 10-EMA.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. The strong bear pressure successfully broke the lower demand area of the three times. The bulls return at each break and push price back within the range.

Today's bearish 1-hour opening candle at $127.80 drop BCHUSD to $127.01 before the bulls returned it back to the range at $127.75.

Price is above the 10-EMA and the stochastic oscillator signal pointing up at 60% an indication of upward momentum in price within the range in the short-term.

$132.00 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 11, 2019

  • The medium nd short-term outlook is in consolidation.
  • Traders should exercise patience while trading the consolidation

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD remains in the range in its medium-term outlook. $135.50 was the high while $126.58 in the demand area was the low of the day during the weekend as the coin consolidates.

The bears sustained the momentum downward shortly after today’s opening session with a large bearish engulfing candle as the cryptocurrency as BCHUSD dropped to $127.02 in the demand area.

With price below the two EMAs and the stochastic oscillator signal pointing down, these is an indication of downward price movement within the range.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. A breakdown due to the bears' pressure at the lower demand area of the range occurred on 8th March. BCHUSD dropped to $125.28.

The bullish pressure also led to breakout at the upper supply area of the range with the cryptocurrency making a high of the day at $135.50.

BCHUSD is back in the range with a retest at $127.20 in the lower demand area of the range as the bulls stage a return. This was confirmed by the stochastic oscillator signal pointing up at 20% in the oversold region.

$132.93 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 8, 2019

  • The medium and short-term outlook continues in a range-bound market.
  • Traders should be patient for a define trend after a breakout or price breakdown.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD continues in the range in its medium-term outlook. $132.67 was the high while $129.17 in the demand area was the low of the day during yesterday session as the coin consolidates. The bears sustained the momentum downward with a further drop to $125.02 in the demand area after today's opening.

Exhaustion to the bear momentum is denoted with the wick in the candle. This suggests bulls gradual return within the range with confirmation from the stochastic oscillator whose signal points up at 40%

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in a range-bound market in its short-term outlook. The bears' sustained the downward journey during yesterday session. BCHUSD dropped to $129.13 in the demand area, this was the low of the day.

The bears successfully broke the lower demand area of the range at $127.20 shortly after today’s opening. The cryptocurrency dropped further down to $125.02 before exhaustion with the candle closing within the range.

$132.93 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: March 6, 2019

  • The coin is back in consolidation.
  • Patience should be exercise for a define trend before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220
Demand zones: $50, $40, $30

BCHUSD is back in the range in its medium-term outlook. After successfully pushing price down to $120.36 in the demand area, the bearish pressure weakens. This area was a strong demand area because price was around here between 13-18th of February before taking an upward leap.

The bullish pressure retuned the cryptocurrency back in the range with a large engulfing candle as BCHUSD made a high of $132.96 in the supply area before the end of yesterday session.

Price is above the two EMAs while the stochastic oscillator signal points up at 83% in the overbought region, an indication of upward momentum within the range in the medium term may be witnessed.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. The predicted bears' target at $120.00 in the demand area was narrowly missed on 4th March. The bears dropped the coin to $120.36 before exhaustion sets in and the bulls stage a strong comeback.

The breakout at the two EMAs coupled with the large bullish engulfing candle confirmed the bulls’ takeover. BCHUSD rose to $132.92 before the end yesterday. The bulls may maintain d a strong hold of the market as confirmed by the stochastic oscillator whose signal points up and price stays above the two EMAs.

$132.93 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: March 4, 2019

  • The medium and short-term outlook is in a bearish trend.
  • Responsible selling may be consider.

BCH/USD Medium-term Trend: Bearish

Supply zones: $180, $200, $250
Demand zones: $50, $40, $30

BCHUSD is in a bearish trend in its medium-term outlook. The bears' pressure remained strong over the weekend at $132.75 in the supply area during yesterday session. Confirmation to the bears came after the break of the 10-EMA and BCHUSD dropped to $128.00 in the demand area before the end of yesterday session.

Today’s 4-hour opening candle was bearish at $128.91 an indication of sustained bearish pressure. The lower demand area of the range at $125.35 was broken due to the strong bearish pressure with a large engulfing candle.

BCHUSD dropped to $120.36 in the demand area. The journey downward may continue as the bearish pressure remained strong. This was further confirmed by the stochastic oscillator signal pointing down at 20%. This implies a downward momentum in price in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bears were in control of the range but with the formation of the morning star confirmed the bears' takeover. The two EMAs were broken with a large bearish candle as BCHUSD dropped to $126.82 in the demand area shortly after opening.

The bears sustained the momentum as the lower demand area of the range at $127.20 was broken with a large bearish candle. The cryptocurrency dropped to $120.36 in the demand area.

The journey down south is continuing despite the brief pullback as a result of the bullish pinbar. A retest at $120.00 in the demand area may occur as the bearish pressure become strong in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: March 1, 2019

  • The medium and short-term outlook is in a range-bound market.
  • Traders should be patient for a breakout or breakdown before placing a trade.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220
Demand zones: $70, $50, $30

BCHUSD is in a range-bound market in its medium-term outlook. The control of the market has been stiff between the bulls and the bears strong with $132.75 as the high of the day while $127.64 was the low of the day.

The bulls seem to prevail with today’s 4-hour opening candle closed as an inverted bullish hammer at $129.32. BCHUSD was up at $131.71 in the supply area above the 10-EMA.
The stochastic oscillator signal points up at 68% an indication of upward momentum within the range.

BCHUSD is in consolidation and trading between $136.75 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The tweezer top at $132.75 in the supply area signaled the bears' comeback. The cryptocurrency made a low at $127.64 in the demand area before the end of yesterday session.

The bulls had a comeback after today’s session indicated by the bullish candle formed after the gravestone doji of 1-hour open candle. BCHUSD rose to $131.18 above the to EMAs in the supply area as it continues in the range.

$135.00 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.


Bitcoin Cash (BCH) Technical Analysis: Feb 14, 2018

Latest Bitcoin Cash News

In the Philippines, virtual currency exchanges must obtain an operating license from the country’s central bank—the Bangko Sentral ng Pilipinas (BSP). Good news is, the country’s regulator is open to new and innovative technologies.

Read: Will the Opening of Bakkt Affect the Crypto Market as Much as We Anticipate?

Statistics indicate that by Nov 2018, the central bank had issued 40 provisional licenses to different businesses keen on operating virtual currency exchanges in line with Circular No. 944. This guidance was drafted after an initial warning by BSP on entities operating without a license back in 2014.

They have since warmed up to cryptocurrencies and their recent regulatory sandbox and consequent partnership with the Union Bank in launching a two-way cryptocurrency ATM is their show of intent. Although we are yet to know supported coins, the central bank is clear that their involvement is not in any way an endorsement of any cryptocurrency. In a statement, this is what Union Bank had to say:

“In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa”

Also Read: Kaspersky Lab Says Over 10% of People Have Made Online Purchases using Cryptocurrencies

In other news, CoinBase users can now back up their coin’s private keys in Google Drive or iCloud. The feature, CoinBase says in a Medium post, is a safeguard just in case there is a loss of the device or the owner loses their private keys.

BCH/USD Price Analysis

Back to price action and like the rest, BCH prices are tepid and uneventful. Aside from the conspicuous Feb 8, high volume, wide trade range bull bar, there is nothing much striking as far as BCH/USD price action is concerned.

The relative “calmness” means our previous trade conditions are still valid. Note that BCH prices are still oscillating within Feb 8 high low and the simple fact that this is a double bar bull reversal pattern spring off the 78.6 percent Fibonacci retracement line in a minor bull trend set in motion by upswings of mid-Dec 2018 translates to bulls.

This is regardless of the heavy sell pressure of the last few weeks which encouragingly have failed to breach the psychological $100 level. With hindsight, the more sellers fail to break below $100 and instead accumulate horizontally as they trade inside a tight trade range is bullish in an otherwise bear breakout pattern. Even so, we recommend patience. It is easy to see why.

BCH is ranging and a solid breakout above $135 will catalyze demand and that is what is needed to trigger participation. The immediate first target is $230 or Dec 2018 highs.

All Charts Courtesy of Trading View—CoinBase

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Feb 7, 2018

Latest Bitcoin Cash News

Good news is the UK is opening up, allowing businesses to explore a nascent but rapidly expanding asset class in cryptocurrencies. And this was expected. After all, the UK and London to be exact are a financial epicenter laden with banks and all kinds of brokerage firms.

Read: CoinBase Announces Crypto Earning Opportunity Via Invitation To “Coinbase Earn BAT”

By allowing B2C2 to offer crypto derivatives in a contract for differences (CFDs) to potential institutional customers, the FCA is effectively allowing willing funds and other institutional grade customers to make leveraged bets on future prices of supported digital assets. This is beneficial and while it not only increases liquidity as the different type of traders are drawn into the market but businesses stand to reap big benefits from betting on further prices under a regulated environment.

Besides, these traders would get in and out of trades without the need of holding storing a wide variety of these tokens. The move comes days after the FCA released a Consultation paper on Crypto assets Guidance as the regulator provides additional guidance to the existing “regulatory parameter.”

Also Read: New Zealand’s Cryptopia Hack Sees $3.2 Million Liquidated Via These Crypto Exchanges

Christopher Woolard, executive director of Strategy and Competition said this about this:

“This is a small but growing market and we want both industry and consumers to be clear what is regulated, and what isn’t. This is vital if consumers are to know what protections they’ll benefit from and in ensuring we have a market functioning as it should.”

BCH/USD Price Analysis

Meanwhile, BCH prices are steady and up 3.5 percent in the last day meaning it is the third highest performer after Binance Coin—pumped by BTT listing and Litecoin gearing for privacy features. All the same, there is demand for BCH and unlike BTC which is literally struggling and on the brink of a total meltdown; there are hints of increasing demand especially in lower time frames.

Moving on, we shall take a neutral stand and until all the trade conditions laid out in previous BCH/USD trade conditions are met, BCH is temporarily bearish in a trend whose short-term trajectory points to bulls. As we can see from the chart, prices are finding support from around 61.8 percent and 78.6 percent Fibonacci retracement levels.

However, until after there are convincing, the high-volumes break above $135 minor resistance level, sellers are in control and we shall adopt a neutral stand as laid out in a previous analysis. It is easy to see why this is valid.

Gains above $135 validate gains of late Dec—early Jan 2019 gains and if typical retracement rules apply as Fibonacci dictates, then odds are BCH prices will retest $230—Dec 2018 highs from where the tool is anchored on. But there would be no better confirmation of this shift if prices don’t print above $135 minor, buy trigger line.

All Charts Courtesy of Trading View–CoinBase

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Jan 31, 2019

Latest Bitcoin Cash News

It is common sense, for any project to be successful—it doesn’t matter if it is blockchain based or not, then it must perform as advertised. If it was designed to be fast, cheap and open source then it must operate as billed. Bitcoin showed the way but in late 2017—months after the hard fork that lead to Bitcoin Cash, the network was the most expensive in the world and transaction could sometimes take hours before it was settled. But gone are those days and Bitcoin Cash has since undergone several software upgrades making it faster, cheaper and more resilient.

Read: UK Derivatives Exchange Crypto Facilities Adds a New Revenue Share Program to Reward Liquidity

In fact, its properties have since made the Wikimedia Foundation switch payment processors. Citing increasing demand from donors wishing to contribute via Bitcoin Cash, the Wikimedia Foundation has a new partnership with BitPay—the world’s largest payment processor trusted by individuals, government agencies, as well as other IRS, approved non-profits. With this new arrangement, Wikimedia can now accept Bitcoin Cash from several donors.

This is what Pats Pena, Director of Payments and Operations, Wikimedia Foundation had to say:

“Our donors have shown an increased interest for different cryptocurrencies, so accepting Bitcoin Cash was a natural next step.”

Also Read: South Korea’s Largest Crypto Exchange, UpBit, is Set to Enter Indonesian Market with an Airdrop

Her comments were complemented by Sonny Singh, Chief Commercial Officer who said:

“Bitcoin and Bitcoin Cash are one of the cheapest payment options available so more money goes to charity rather than paying fees. Wikimedia does so much good around the world that it is a privilege to help them raise money.”

BCH/USD Price Analysis

Meanwhile, BCH is one of the top performers in the top 10. Although gains are not double digits, there is a visible expansion and rejection of lower lows. By yesterday’s close, the coin was up 6.66 percent but is now up 3.4 percent in the last day. What’s important is that BCH is finding support at key levels against the USD. From the chart, it is clear that bears are in charge of a top-down approach.

However, when we take a short-term overview, bulls are in control and yesterday’s bull bar did lead to a double bar bull reversal off pattern off $110. The level is the 78.6 percent Fibonacci retracement mark anchored on Dec 2018 high low.

Encouragingly—and as dictated by Fibonacci reversal rules, it is likely that prices will rally towards $230 or Dec 2018 highs. The mark doubles up as our immediate resistance line and any comprehensive, high volume break and closes above $230 would open doors for $400 as emphasized in our previous BCH/USD trade plans.

Before then, patience is paramount. We shall need a confirmation of yesterday’s gains and once prices rally above $135, aggressive traders can buy on dips in lower time frames with first targets at $230.

All Charts Courtesy of Trading View–CoinBase

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Jan 24, 2019

Latest Bitcoin Cash News

Plainly put, 2018 was a year to forget for the world’s leading ASIC manufacturer, Bitmain. While prices fell across the board, not only did Consensys resized and re-calibrated their plans but Bitmain was forced to put off what they had previously dubbed as the largest digital asset mining facility in the US. But, in reality, a megalith like Bitmain can’t be dismissed for their lack of resources.

Read: Anchor Labs Officially Releases Anchorage Cold-Storage Crypto Custodial Service For Institutions

At one point the firm had control of over 80 percent of the world’s ASIC chipset and are actively readying for an IPO at the Hong Kong stock exchange. However, things took a turn for the worse and with Jihan Wu’s decisions became a liability, costing the company millions or even billions of dollar. Losses were even amplified by free-falling prices, the board decided to boot him as CEO of the plan.

Coincidentally, this announcement seemed to have steadied BCH prices and although erosion has been deep, it is likely that the mega-valuation of late 2017 is distant and even impossible. We can’t dismiss the possibility of a rally but that will happen if and only if there are unexpected fundamentals that would draw immediate demand propelling prices to new highs.

Also Read: Popular Wallet Blockchain.com Adds Limited Support for Bitcoin SV (BSV) Token

In the meantime, Cobra—the founder of Bitcoin.org, is worried about Jihan Wu’s inactivity in Twitter and other social media outlets.

BCH/USD Price Analysis

All the same, BCH is steady and poised to expand their gains in coming days. The coin is perched at fifth and up 1.2 percent in the last week against the USD. Encouragingly, candlestick arrangement as well as favorable developments from other factions—not Bitmain, could help catalyze prices from these lows.

From the chart, it remains clear that the 97 percent drop from 2017 peaks must be followed by a correction. However, while ordinary assets would recoup 30 percent of those gains placing potential retests at $1,000 level or thereabout, such is unlikely considering BCH internal wars and reduced investor confidence.

Instead, we may see prices breaking off the 13-day consolidation from around the 61.8 percent Fibonacci retracement levels as bulls are triggered at $150. After that—and assuming there is a spike in market participation with volumes exceeding current averages of around 30k, aggressive traders should aim at $230 or Dec 2018 highs.

These targets are modest and adhering to Fibonacci retracement as well as extension rules, $230 as the first target is not farfetched. If things pan out alright, then there is a chance that BCH will not rally above $230 but lead to a retest of $400 in the next two months.

All Charts Courtesy of Trading View – BitFinex

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Jan 17, 2019

Latest Bitcoin Cash News

When everything has been said and done, the survival of open source projects largely depends on adoption. That’s the rate of a customer onboarding and based on human nature, there is a minimum threshold before the project steams off, even becoming a monopoly.

Read: Bitfury Surround Launches to Bring Transparency to Music Industry Using Blockchain Tech

As a Bitcoin spin-off and barely two months from a splinter that saw prices as well as hash rate tumble, a lot depends on market confidence. If that in any way fades and user participation takes a hit then we might see network security drop to a risky level allowing hash renting hackers to launch attacks without expending much.

Luckily, there is progress and use cases are picking in Venezuela where a severe depression combined with hyperinflation means the only way of storing value in an economy cordoned off from the rest of the world is via a global, censorship resistance digital asset.

Also Read: US Investors Lost $1.7 Billion Due to Bear Market; These Losses May Be Tax Deductible

Amongst many, there is Bitcoin Cash and proponents are tirelessly pushing their agendas. As reported by Bitcoin.com, the latest BCH meet up saw 347 registrations with the group’s leader, Lizbeth Alviarez, informing attendants that members are doing everything they can to drive adoption. She went on to say that though there is penetration, it is not as rapid as reported in the world’s media as these users are mostly speculators playing the market for profit as they check out in USD or Bolivars.

BCH/USD Price Analysis

As the bear market continues to bite, BCH is down 20.2 percent in the last week. We expect this to continue throughout this week and although there can be a revival where short term demand can see prices rise towards $230 or Dec 2018 highs, it mostly depends on how prices react at spot levels.

First, notice that BCH/USD is trading within a larger bear breakout pattern with clear resistance at $400. And as breakout trading rules dictate, prices must expand to $400 for a valid retest to be complete. Therefore, despite the 90 percent drops from 2017 peaks, the revival of late December 2018 may, after all, be a retest and these corrections may be perfect loading zones for aggressive traders aiming at $230 and even $400 as mentioned in our last BCH/USD trade plan.

Moving on, bulls are in control and aggressive traders should wait for a three-bar bull reversal pattern lifting prices above $150 to print before committing with first targets at $150. Meanwhile, conservative traders should wait for a clean break above $230 or Dec 2018 highs before trading on breakouts with targets at $400 as aforementioned.

All Charts Courtesy of Trading View – CoinBase

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Jan 10, 2019

Latest Bitcoin Cash News

Roger Ver is a Libertarian and he is not shy talking about his ideal world. In his recent tweet, he said every law is ultimately a death threat. In yet another tweet he poured out his frustration on taxation saying taxes enrich the most destructive organizations on earth at the expense of the most productive ones. In spite of his rather radicalizing views, the long arm of the law is omnipresent. It may be dark but an unfavorable statement from the US SEC or DoJ summon of any member or affiliates of the Bitcoin Cash network may see prices crash.

Read: Bitcoin Jesus Roger Ver Compares Coinism with Nationalism within Crypto Community

Undoubtedly, regulators and law play a role and isolationism while the ideal isn’t a solution. At the moment, the dominant debate is whether central banks would jump ship, endorse crypto and roll out their CBDCs. For crypto puritans, their cipher punk prophecy would come true but according to a recent survey from the Bank of International Settlement (BIS), a handful of central banks are toying with the idea and “proceeding cautiously” with proof of concepts.

Also Read: New Texas Department Of Banking Policies May Require Stablecoins Creators To Gain Licensing Approval

At the same time, we shall gobble this rather exciting news with doubt because the BIS is owned by central banks to “foster international monetary and financial cooperation and serves as a bank for central banks.” There is no reason why a survey by a competitor would endorse a solution that seeks to make central banks obsolete in the medium or long term.

Bitcoin Cash (BCH/USD) Price Analysis

At spot rates, BCH is down 3.7 percent in the last week and down one spot to fifth after EOS’s market cap eclipsed that of BCH. It’s a flip and as prices cool down after outperforming other assets in the last two weeks or so, this retracement is welcomed by traders searching for loading opportunities.

Anyhow, from the chart, we retain a bullish outlook in the near term but a bear preview when taking peaks from a top-down approach—mainly from the weekly or monthly time frames. As it is, caps are at $230 and even if gains are solid with BCH prices expanding, registering double-digit gains as bulls complement gains of mid-Dec 2018, we need to see volumes.

Driving prices above $230 triggering buys should be backed by above average volumes above recent averages of 15k. Besides, the bull bar should be wide-ranging, crashing above the resistance trend line of the bull flag as BCH price rally towards $280 and ideally $400.

Before then, aggressive traders can buy at spot prices with stops at $140—just below Dec 28 lows—and our immediate support level. Otherwise, note that drops below $150 and $140 could spur selling frenzy and in that case drops to $100 would be fast and crashing.

All in all, our BCH/USD trading plan is subject to gains above recent highs of $230. Up-thrusts above $230 would usher in the next wave of bulls and this is how we shall trade:

  • Buy: $230
  • Stop: $180
  • Target: $280, $400

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Jan 4, 2019

Latest Bitcoin Cash News

The Indian Government is adamant: the country is not ready for cryptocurrencies. While the country’s regulators may appear naïve–allowing crypto enthusiast and maximalist to throw salvo, the stance may, after all, be precautionary. Note that the country is preparing for general elections later this year and there are power transitions on the cards.

Read: CoinBase To Consider A New Subscription Model For Crypto Investors To Save Fees And Add Perks

Despite everything, it is increasingly becoming clear that government economic advisors had no say and as the RBI triumph once again, plans of the state launching its own central bank backed coin has been shelved until after the study committee found a reason to believe that the crypto market is “mature”.

In other news, Jonathan Silverblood might soon find his name etched in crypto folklore if his ambitious and novel idea of creating customizable and human-readable addresses tied to BCH owners private key come to pass. The solution, Cashaccount.info is still being trialed and interested detectives can dissect how the system works at GitLab.

Also Read: Lou Kerner Says Bitcoin Can Reach $100,000 if BTC Becomes a Store of Value

But to diffuse any doubt, Bitcoin.com reported that creating a customizable human-readable address that isn’t cumbersome and can be sent via regular chats is pretty straightforward taking at most two minutes.

Bitcoin Cash (BCH) Price Analysis

Bitcoin Cash

After BCH collapsed in mid-November, the community didn’t expect the hash rate war to dent prices as it did. Not only did it break prices as BCH value more than halved, dropping as low as $71 according to data from CoinBase but participation and general activity was wrecked. This was unexpected and as the market recovers, traders expect BCH value to adjust to at least above $230.

However, from candlestick alignment, this appears to be a long short. Note that the path of least resistance is southwards and when we paste a simple Fibonacci retracement tool between Nov 2018 highs and Dec 2018 highs, it’s easy to see that $230—our buy trigger line and resistance level flush with the 23.6 percent retracement level.

Traders are watching this level because if bull momentum builds up and prices expand above $230 at the back of above average volumes exceeding the mean between Dec 17 and 20, then chances are BCH will hit $400 most likely by end of Jan 2019.

Otherwise, rejection of higher highs and drop of prices below $150 would mean a resumption of bears and it won’t be a surprise if BCH prices not only clear $100 but drop to new 2019 lows by end of the month.

Retaining an upbeat overview, our BCH/USD plan is as follows:

  • Buy: $230
  • Stop: $180
  • Target: $400

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Dec 20, 2018

Latest Bitcoin Cash News

Finally, crypto-verse is thawing and the rays are specifically focused on Bitcoin Cash. Surprisingly, BCH is the top performer in the top 10 adding a massive 42 percent in the last day and week at the time of press. This mean BCH is now trading above $100 and a couple of bucks away from retesting $200—another psychological price tag of interest. Buoying prices are several factors.

One of them has to the US SEC realization that digital assets of every form of harness technological innovation and contribute to economic growth. This is massive and, in the future, as mentioned by Jay Clayton the Chairman of the US SEC at the Senate Banking Committee, crypto assets shall be the indispensable cog for capital formation. Interestingly, Bitcoin Cash is moving along these lanes.

After the hard fork and consequent implementation of DSV and the 32 MB block in place, network developers are looking for different ways of introducing smart contract capability.

Already we have the Wormhole Protocol but further developments that leverage on the security of Bitcoin Cash chain making it an oracle where verifiable multi-sourced smart contracts can be created. There are a lot of use cases if developers implement their grand plans and already Bitcoin.com is working towards making this a reality.

Bitcoin Cash (BCH) Price Analysis

BCH/USD Daily Chart

BCH/USD Price Analysis

Bulls are back in contention. At spot rate, BCH is changing hands at $137 against the USD. This is twice of what it was 10 days ago before prices bottomed up from Dec 15 lows of $73. Encouragingly, there is conviction across the space and one indication of that is the rapidity of this upthrust.

In three short days, BCH prices bolted from lows of $73 breaking above important resistances of $100 and $116 at the back of above average bull volumes. If this goes on then we expect BCH to retest and even close above $200 further cementing BCH position as one of the most liquid in the top five.

However, because of the last three days upswing, it is likely that BCH shall retrace and even retest $116 before trend resumes above $150. It is for this reason that we recommend taking a measured approach, committing longs once BCH closes above $150.

BCH/USD 4HR Chart

BCH/USD Price Analysis

As mentioned above, buyers are in charge and with yesterday’s solid bar closing above $116—our previous resistance and buy trigger, BCH is well positioned for $200 by all standards.

Though we suggest buying at spot prices, the better opportunity is present if there are a retracement and a retest of $116. But still, gains above $150 shall open up doors for $200 and this is our BCH/USD trade plan:

  • Buy: $116, $150
  • Stop: $100, $116
  • Target: $150, $200, $230

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Dec 14, 2018

Latest Bitcoin Cash News

Pretty much everything depends on the performance of Bitcoin. Unless there is coin specific news like an unlikely ABC—SV truce is announced and BTC prices continue to plummet below $3,000, the effect will be felt across the board. The reverberation will be so strong that we might see SV—ABC flip and the drop of the latter from the top 10 as Tether (USDT) demand surge pushing it to the top four.

Read: Is This How to Positively Improve the Bitcoin and Cryptocurrency Market?

Of course, that will be a crisis and no one wants to see that printout. It’s an undesirable likelihood and before it pans out, we should draw inspiration from the speed at which conflicting parties are quickly moving away from the “war” pitching their vision-mission statement.

Before Nov 15, the ABC team had a plan of implementing zero confirms and though the move had its fair share of criticism for obvious reasons, BCH and Roger Ver still insist that the coin is a better alternative to BTC and best suited as a medium of exchange far from what BTC and core has evolved into.

Also Read: Nigerian Regulators Worried About Disintermediation in Bitcoin

To that end, Chris Pacia of Open Bazaar is putting forth a proposal that will see the protection of these zero confirms transactions via what he calls the Avalanche Protocol secured by a dedicated group of Bitcoin Cash miners. The system he says will prevent miners from accepting bribes and when combined with zero-spend notifications, “zeroconf transactions will be very secure”.

Bitcoin Cash (BCH) Price Analysis

BCH/USD Daily Chart

BCH/USD Price Analysis

It’s back to red and BCH/USD is down seven percent in the last day and a massive 17 percent in the last week cementing the sell pressure of the last 11 months.

To reiterate our previous BCH/USD which is still valid thanks to the failure of buyers to drive prices above the psychological round number–$100 and $150, SV—ABC parity will be inevitable in the course of the week.

A “flip” is also on the card and that will put extra pressure on ABC’s hash rate as miners would probably switch camp in seek of profit. As it is, the floors are not visible and as long as prices are trending below $100, bears have the upper hand.

BCH/USD 4HR Chart

BCH/USD Price Analysis

What we have in the 4HR is a bear breakout below the minor support level of our trade range at $90.

As visible from the chart, that’s a whole bear bar below our sell trigger and as laid out in previous BCH/USD trade plan, bears of mid-November and early Dec are back and could drive prices lower today.

Unless there are gains above Dec 12 highs, we suggest liquidating BCH on every high.

*All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Nov 29, 2018

Latest Bitcoin Cash News

The blockchain might be breathing a sigh of relief but serious damage has been done as far as reputation and how future hard forks will be handled. What we had with the Bitcoin Cash ABC versus SV hard fork was a war of self-interest. Proponents were covering what they think was theirs without thinking of immediate and/or long-term ramifications.

In fact, at one point the Bitcoin.com mining pool had a higher hash rate than the whole of Bitcoin Cash network and as both bolster their arsenals, renting hash, they ended up burning cash. By the time SV and CSW waved the white flag, estimates put their expenditure north of $10 million. But what they did is reverberating across the market causing double digit losses and a general drop of Bitcoin network hash rate as altcoins prices printed new lows.

CSW and crew might be successful for now and with a market cap of around $1.7 billion, the network is the seventh most valuable in the space and just $70 away from BCH spot rate. Even with this super valuation and billions out of thin year, network use is plummeting as the community remain apprehensive even with their promotion of speed, smart contract capabilities and others.

According to Blocktivity, on average the Bitcoin Cash network processes roughly 10,000 transactions with a capacity utilization index of about 0.75 percent which is nothing compared to Bitcoin where its capacity is full.

Bitcoin Cash (BCH) Price Analysis

BCH/USD Weekly Chart

BCH/USD Price Analysis

From a top down approach, BCH is technically bearish dropping 20 percent in the last week but likely to recover by end year assuming there is enough momentum to sustain momentum in lower time frames. From the chart, it is clear that there are attempts of higher highs and with momentum of last week spilling over, all conservative traders ought to do is hold on tight, taking longs once there are solid gains above last week’s highs of around $290. Before then, traders are better holding neutral aware that drops below $140 or last week’s lows invalidate this upbeat projection inviting sellers who might then drive prices towards BCH SV levels of around $100.

BCH/USD Daily Chart

BCH/USD Price Analysis BCH/USD Price Analysis

In the daily chart, BCH/USD appear to be recovering but before we shift momentum and buy on dips, we shall take a neutral stand until after we see gains above $230 confirming this three-bar bullish pattern, the Morning Star. Before then, we suggest patience since bears are technically in control despite the changing sentiment. However, should prices expand above our buy triggers, then we shall recommend ramping up on pullbacks with stops at around $170 and first targets at $400.

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin Cash (BCH) Technical Analysis: Nov 15, 2018

Latest Bitcoin Cash News

It’s a bloodbath out there and the last 24 hours double-digit losses did stun market participants. The bad news is that it could get worse for Bitcoin Cash holders, investors and community. As if the 32 percent week over week and 17 percent drops in the last week and day is not enough, the hash-rate war between Bitcoin Cash SV led by Craig Wright and Bitcoin Cash ABC masterminded by Roger Ver with support from the community, Amaury and remotely by Jihan Wu, the co-founder of Bitmain is chain threatening. It’s an ego problem and all these could have been abated via consensus earlier on.

Bitcoin Cash SV leader Craig claims he is Satoshi and to fulfill his “initial objective” here is resisting ideas of Canonical Transaction Ordering, activation of DSV addresses and capping block size limits. And through CoinGeek and other mining pools, he has the hash rate to revert Bitcoin Cash into factory settings and that is reactivation of operation codes, elimination of block size limits in the long run and reclaiming lost coins while donating all coins held at DSV addresses.

The miner community is supporting his ideas but Roger Ver is frowning and to counter this, all mining pools under their control shall temporarily redirect their computing power and prop their official version Bitcoin Cash ABC. At the same time, Bitmain would activate 90,000 and redirect hashing power from Bitcoin—the effect is already visible—BTC prices are crashing as a result!

Bitcoin Cash (BCH) Price Analysis

BCH/USD Weekly Chart

BCH/USD Price Analysis

From a top down approach, it is clear that BCH and the altcoin market is bleeding. At some point, BCH prices did tank by 32 percent with daily losses exceeding 20 percent. But that is not important what is should guide us is the path of least resistance that was set by early August bears.

Not only did bears melt below multi-month support trend lines but the volumes accompanying this drawn down was huge. Then, in two weeks, prices sunk from $850 breaching the $600 support level—now resistance—and BCH/USD is yet to recover.

Like in our previous BCH/USD trade plans, we shall retain a bearish outlook as long as prices are trending below $600 and later execute shorts once there are sold breaks below $400. Our trade conditions are yet to be activated by could later today more so if the hash rate war favors Bitcoin Cash SV.

BCH/USD Daily Chart

BCH/USD Price Analysis

Thing is BCH/USD price action is now sentimental than technical. As Bitcoin Cash stands at a precipice we expect prices to either sink below $400 triggering shorts with first targets at $300 or rally if hash power shifts to Bitcoin Cash ABC quashing Bitcoin Cash SV and Craig’s objective.

Though we recommend staying away until calm return, if prices dip below $400 in the next 48 hours or so then we recommend dumping BCH as it could end up printing below $300. On the flip side gains above the trade range is overly positive and could see BCH/USD print $850.

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Nov 15, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $700, $800, $900
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The strong bears' pressure was evident with the break of $500.00 in the lower demand area of yesterday range and subsequent push of BCHUSD further down to $415.00 in the demand area as the low of the day.

This will be the fourth time price will be making a touch this demand area. The first time was on 12th September. At the fourth touch, the area is considered weak, and a break is most probable, hence we may see a further downward movement in price of the cryptocurrency as the bears increase their momentum.

The bearish 4-hour opening candle at $452.3 shows no sign of any bullish reversal. Price is below the two EMAs crossover and indication of strong bear pressure.

The stochastic oscillator is in the oversold region at 18% and its signal points down which suggests downward price movement as the bearish pressure becomes much stronger in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The formation of doji at $535.00 followed by a Marubozu candle confirmed the bears' takeover of the market. With a large bearish engulfing candle that dropped BCHUSD down to $485.20 in the demand area, the journey down south was a smooth ride.

$415.00 in the demand area was the low of yesterday before gradual pullback by the bulls as BCHUSD closes at $442.00.

Today’s 1-hour opening candle at $441.50 though bullish lack strong pressure to push past the 10-EMA that serve as a strong resistance, hence the drop of the cryptocurrency to $421.80 in the demand area earlier today.

The bears may stage a strong comeback after a minor pullback to the 23.6 or 38.2 fib level. With price below the 10-EMA and the stochastic oscillator at 22% and its signal points down an indication of downward continuation the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 14, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a range-bound market in its medium-term outlook. The bears' pressure was strong with the cryptocurrency dropping to $510.00 in the demand area. The three soldiers’ formation was an indication for the bulls’ return which was signalled by the bullish spinning top at $513.60.

The bullish engulfing candle confirmed the bulls’ takeover. BCHUSD was up to $557.50 in the supply area. The momentum to further continue was lacking hence the bears returned and price was down to $518.90 in the demand area as the cryptocurrency enters the ranges before the end of yesterday session.

Price is below the 50-EMA and the stochastic oscillator is at 48% and its signal undefined suggesting the ranging scenario.

BCHUSD is ranging within the 38.2 and 61.8 fib level. It is trading between $557.70 in the upper supply area and at $500.00 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before taking a position in the market.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The cryptocurrency is in an upward channel. Each touch on the upper and lower channel result in a bounce. A breakout does return price back within the channel.

Currently, the bullish momentum is pushing price up towards the upper line after the spinning top 1-hour opening candle at $521.00 with price up at $534.70 in the supply area.

Price is below the two EMAs and the stochastic oscillator is at 28% and its signal points up. It further confirmed the bullish pressure that may lead to upward price movement in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 13, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in a bearish trend in its medium-term outlook. After dropping the cryptocurrency to $518.20 in the demand area yesterday the bears briefly lost momentum. This gave momentum to the bulls to push price up to $544.00 in the supply area.

Rejection of upward movement occurred at the 50-EMA. Moreover, this pullback by the bulls is necessary for the market correction before the resumption of the downtrend.
The bearish 4-hour opening candle at $520.60 sustained the bears' momentum as the cryptocurrency was down to $508.50 in the demand area earlier today.

Price is below the two EMAs crossover and the stochastic oscillator is in the oversold region and 19% and its signal points down suggesting further downward price movement in the medium-term. The bears' target still remains the 61.8 or 78.2 fib level before the bulls could stage a comeback.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The cryptocurrency remains in a downward channel. $544.00 in the supply area was the high the bulls could take the cryptocurrency as predicted in yesterday analysis.

This was at the upper line of the channel. The bears sets in as bearish reversal candles were formed at the area. BCHUSD is set to touch the lower channel at $500.00 as the bear pressure increase in the short-term.

The 1-hour opening candle at $526.30 is bearish with price down to $508.50 in the demand area earlier today.

Price is below the 10-EMA and the stochastic oscillator is in the oversold region at 16% an indication of continued bears pressure. $500.00 in the demand area remains a target as the bears' pressure becomes much stronger.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 12, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in a bearish trend in its medium-term outlook. The strong bears' pressure was evident as BCHUSD made lower lows and also breaking key demand areas and fib levels.

The 50.0 fib level was tested on 11th November with a drop of BCHUSD to $518.20 in the demand area. before the close of yesterday trading session.

The bearish 4-hour opening candle at $535.50 sustained the bears' momentum as the cryptocurrency was down to $504.70 in the demand area. Brief pullback due to bulls pressure is currently happening. This is necessary for the market correction before downtrend continuation.

Price is below the two EMAs and the stochastic oscillator is in the oversold region and 16% and its signal points down suggesting further downward price movement in the medium-term. The bears' target is now 61.8 or 78.2 fib level before a possible loss in momentum.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The cryptocurrency is in a downward channel. Despite a bullish 1-hour opening candle at $528.8 rejection of the upward price movement was seen with the formation of a doji and subsequent drop of BCHUSD to $504.70 in the demand area.

This was also around the lower line of the channel. The bulls may push up to the upper line of the channel before the bears stage a comeback that may saw BCHUSD making a new low before the end of today’s session $500.00 in the demand area may be retested as the bears' pressure becomes much stronger.


Bitcoin Cash (BCH) Long-term Price Forecast: Nov 10, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $700, $800, $900.
Accumulation territories: $400, $300, $200.

The BCH/USD market made use of a price territory of around the $475 that also spotted the 50-day SMA’s trend-line as at the first trading day this week to support its significant increase to average the $589 price territory on November 7. The crypto experienced a line of variant rejections on Nov. 4, 5 and 7 in the process of pushing northwards.

The US dollar was able to take on the market advantage on Nov. 8 after the last rejection. Price has been traded around the same horizontal price line that witnessed a convergence of candlesticks that occurred between September 27 and October 3. The two SMAs trend-lines are located below the present market point. The Stochastic Oscillators have crossed from the overbought zone to point south below range 80.

The November 2 price high point may still be among the market lines that this crypto will witness in its probable subsequent market downturn movement. A strong push against the $570 price territory could result into revisiting or getting past the recent market high value at $645 territory but, it may not come so soon.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 9, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in a bearish trend in its medium-term outlook. After dropping the cryptocurrency to $580.00 in the demand area with a bearish engulfing candle, the bears briefly lost momentum as the bulls return.

$607.00 in the supply area was the high they could attain as the candle closes as an inverted pinbar an indication of the bears' return. $574.30 in the demand area was the low BCHUSD attained before the end of yesterday session.

Today's 4-hour opening candle at $579.30 closes as a bullish spinning top a pointer to possible minor reversal after making a low of $570.30 earlier today.

Price is below the 10-EMA and the stochastic oscillator is in the oversold region and 15% and its signal points down which suggest further downward price movement in the medium-term although we may see a minor bullish pull back this is for the market correction before downtrend continuation.

The bears' target is the 50.0 or 61.8 fib level before a possible loss in momentum and the bulls may return at that level in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. Rejection of the bullish pressure occurred at the 50-EMA with the formation of a bearish railroad. BCHUSD was down to $574.30 in the demand area after a break of the broken area before the end of the session.

Price is creating a lower high and lower low that area characteristics of a down trending market.

This scenario may continue as the bears' pressure becomes much strong in the short-term.


Bitcoin Cash (BCH) Technical Analysis: Nov 8, 2018

After 10 months of marauding bears, traders expect prices to recover and perhaps retest $1,000 by the end of the year. But the main problem and a major obstacle is the uncertainty around Nov 15 software upgrade. If there is consensus before the D-day then it will be a huge boost for BCH/USD as prices could expand and even clear $850.

Latest Bitcoin Cash News

Thing is, Bitcoin Cash is at the edge, and a week before the contentious hard fork, the coin is rallying adding 40 percent in the last week. It’s odd that prices are on a higher considering the magnitude of what’s at stake.

Because of the lack of consensus, the blockchain could end up splitting and on one side Bitcoin Cash SV whose proponents is routing for Bitcoin Cash to snap back to the original Satoshi protocol could have their supporters as CoinGeek and the rest. Meanwhile, Bitcoin Cash ABC with full support from Trezor and Bitmain shall have their own support base.

Though this will be beneficial for BCH owners flowing in due to expected wind fall, it could also mean the reduction of the coin’s market cap and a probable collapse depending on where lean. Nevertheless, we expect a bloodbath because Bitcoin ABC supporters can liquidate their one million coins while Bitcoin SV can take a measured approach and withdraw their hash power should it not be dominant opening leaving the network open for 51 percent attack.

This probability is part of the reason why investors should withdraw their coins from exchanges and store then in hardware wallets as Ledger who by the way have expressed their intentions of supporting any of the dominant chain. Alternatively, traders can open accounts at Poloniex who have a pre-fork trading going on allowing trading of BCHSV and BCHABC against their stable coin USDC or BTC.

Bitcoin Cash (BCH) Price Analysis
BCH/USD Weekly Chart

BCH/USD Price Analysis

Unless there are solid moves above $600, BCH is technically be bearish as it has been in the last couple of months. It’s easy to see why. First not only are prices trading inside Week ending Sep 9 and 16 high low but the failure of buys to build momentum and convincingly close above $600 is a cause of worry.

Like in all our previous BCH/USD trading plans, all we need are high volume thrusts and close above $600 triggering the first wave of bulls targeting $850. Aside from confirming bulls, the break out will also complete a three-bar bull reversal pattern, the morning star.

BCH/USD Daily Chart

BCH/USD Price Analysis

Despite upbeat preview, BCH/USD is actually ranging with clear resistance at $600 and support at $400. Therefore, before initiating trades, we must first see strong moves above or below these trade limits.

In our case, we recommend taking a neutral stand until after a whole bull bar confirms Nov 4 high volume candlestick printing a whole bar above $600. That will be a bullish breakout pattern.  Thereafter, we shall recommend buying at spot with stops at the breakout bar’s lows with first targets at $850.

All Charts Courtesy of Trading View

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Nov 8, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The bullish pressure pushed BCHUSD to a new high at $646.80 in the supply area before showing exhaustion as denoted by wicks in the two candles. The large bearish engulfing candle announced the bears returned. BCHUSD was down to $612.40 in the demand area before the end of yesterday session.

The 4-hour opening candle at $620.03 was another bearish engulfing candle a signal that the bears' pressure is strong as BCHUSD dropped to $580.00 in the demand area.

Price is below the 10-EMA and the stochastic oscillator is at 47% and its signal points down which suggest further downward price movement in the medium-term as the bears' pressure becomes much stronger.

The bears may continue pushing down to the 50.0 or 61.8 fib level before a possible loss in momentum and the bulls may return at that level in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. After breaking the 10-EMA and dropping the price from $646.80 in the supply area to $610.50 in the demand area, the strong bearish pressure broke $587.70 in the lower demand area of yesterday range this morning.

Currently, price is around the broken demand area, a retest is necessary to further confirm that the bears have started the journey south in the short-term.

The stochastic oscillator is in the oversold region at 9% and its signal points down which suggests that the bears may prevail in the short-term and the cryptocurrency price may go further down.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 7, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bullish trend in its medium-term outlook. The strong bullish pressure broke the critical supply area and push price further up. The large bullish engulfing candle at $569.30 broke the zone as BCHUSD went up to $620.00 in the supply area. The end of yesterday session saw BCHUSD made a high of $637.00 in the supply area.

The 4-hour opening candle at $633.40 is bearish which implies the bears are gradually returning as the bulls briefly lost momentum. The bears' pressure is a retracement that is necessary for the market correction before uptrend continuation. Hence a bearish pullback may get to the 23.6 or 38.2 which are trend reversal areas before the bulls stage a return to continue the journey up.

Price is above the two EMAs also the EMAs are fanned apart which connotes strength in the context of the trend and in this case the uptrend. The stochastic oscillator is in the overbought region at 83% and its signal points up which suggest upward price movement in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a range-bound market its short-term outlook. After taking BCHUSD to $637.00 in the supply area the bulls lost momentum. Although the 1-hour opening candle is bullish as the strong bears' pressure pushed BCHUSD down to $608.4 in the demand area earlier today.

Currently, price is around the 10-EMAs and the stochastic oscillator at 59% and its signal points down which suggests that the bears may prevail in the short-term as the as the cryptocurrency ranges.

BCHUSD is ranging and trading between $638.50 in the upper supply area and at $587.70 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area with good reversal candle formation before placing a trade.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 6, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $700, $800, $900
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. Yesterday larger bearish engulfing 4-hour opening candle at $570.0 showed bearish exhaustion as it closes with a wick. This led to the bulls returned and pushed the cryptocurrency up the second time into the critical supply zone as BCHUSD made a lower high of the day at $584.20.

The bulls lost momentum for upward price movement as the candle closes as bearish pinbar. Price was down to $545.20 in the demand area above the 10-EMA.

Today's 4-hour opening candle at $546.00 was a bearish spinning top an indication of possible trend reversal that will be determined by the current candle that is forming. Should it close bearish, it will imply a resumption of the journey down south while a close as a bullish candle will suggest that the bulls may push price higher and break the critical supply area.

Price is above the two EMAs and the stochastic oscillator is at 74% and its signal points down which suggest downward price movement in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bear pressure that dropped BCHUSD to $545.8 in the demand area created a double bottom formation for a the bullish price movement.

Price may get to $590.00 in the supply area before the bears stage a strong comeback that will drop BCHUSD initially to $500.00 in the demand area.

Currently, price is around the 10-EMAs as bearish railroad formation is seen at $565.00 with the stochastic oscillator at 37% and its signal not define.

Traders should be patient and allow a minor push to the upside followed by a bearish candle to confirm the bears take over before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 5, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The strong bullish pressure broke the $440.00 target in the supply area on the 2nd November with a large bullish engulfing candle as predicted and went up to $476.00 before the end the day.

The weekend saw the bulls increased their momentum to the upside as BCHUSD rose to $593.80in the supply area. BCH was at this critical supply area on 27th September. Hence this was a retest of the same area about six weeks after.

With a larger bearish engulfing 4-hour opening candle from the area, BCHUSD was down to $542.0, shows that the bears are back hopefully to take BCHUSD on a journey down south.
Price is at divergence with the stochastic oscillator at 71% and its signal pointing down.

This implies that the current momentum is to the downside and price may follow suit in the medium-term as the bearish pressure becomes much stronger.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. After a nice ride to $593.80 in the supply area on 4th November, the bulls lost momentum as the candle close as a spinning top an indication of a possible trend reversal and bears return.

The large bearish engulfing candle at $588.80 confirmed the bears takeover and dropped the cryptocurrency to $552.50 in the demand area before the end of yesterday session.

The bullish pullback to $578.90 in the supply area did create a bearish flag as the bears return earlier today and pushed price further down to $543.00 with another engulfing candle.

Currently, another bullish pullback is happening that is creating a flag which ultimately will return the bears for another downward push of the cryptocurrency in the short-term. It is also supported with price below the 10-EMA and the stochastic oscillator in the oversold region at 9% and its signal pointing down.


Bitcoin Cash (BCH) Long-term Price Forecast: Nov 3, 2018

BCH/USD Long-term Trend – Bullish

Distribution territories: $675, $775, $875.
Accumulation territories: $375, $275, $175.

About a couple of days back during the trading sessions this week, BCH/USD market was traded to a low price point of around the $408 territory. On Oct. 29, a major market decline emerged but failed to increase its momentum as it lost out to featuring of lower highs below the sell signal of the 14-day SMA’s trend-line.

On November 2, the crypto eventually built upon the lower highs to break past the 14-day SMA’s trend-line to test the 50-day SMA’s trend-line that is located around the $470 price territory. Price now seems inactive around the said price location. The 50-day SMA is located above the 14-day SMA with a short space between them. The Stochastic Oscillators have crossed within the oversold zone and, they have now moved past range 40 to point north. That signifies the possibility of a bullish market re-featuring soon in the trading of this crypto-market.

Between September 12 and 19, the crypto had initially found a support at around the $407 price territory before revisiting it again on October 31 and that point has also constituted the critical line for the current trading segment. The said price territory, if eventually strongly broken southwards could bring down the market value to the next $375 immediate territory or even a bit beyond.


Bitcoin Cash (BCH) Daily Price Forecast: Nov 2, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in a bullish trend in its medium-term outlook. The weak bear pressure could not pass the 38.2 fib area as the cryptocurrency had a minor drawdown to $424.10 in the demand area. The 10-EMA was seen acting against price further downward movement.

The returned bullish pressure pushed the cryptocurrency up to $426.2 in the supply area above the EMA and within the 50 fib area. The market opened with the sustained bullish momentum as BCHUSD was up at $439.2 in the supply area between the 78.6 and 61.8 fib area.

Price is above the 10-EMAs a bullish pressure signal. The stochastic oscillator is in at 78 and its signal points up which suggest upward movement in price of the cryptocurrency in the medium-term. $440.00 in the supply are may be the bulls target as the momentum to the north increases.

BCH/USD Short-term Trend: Ranging

The cryptocurrency continues in a range-bound market in its short-term outlook. The bulls and the bears continue the struggle for market dominance. The bears' pressure manages a drop of BCHUSD to $424.00 in the demand area.

Rejection to further downward movement at the two EMAs as they serve as a strong support for the bulls return. Price was up at $429.50 in the supply area above the two EMAs as the session ended yesterday.

The 1-hour opening candle at $427.10 was a bullish morning star as price was up at $439.4 in the supply area breaking the upper supply area of the range earlier this morning.

The bears returned with a large bearish candle as BCHUSD returned to the range with price down to $426.2 in the supply area.

BCHUSD is in consolidation and trading between $430.00 in the upper supply area and at $415.00 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position.


Bitcoin Cash (BCH) Technical Analysis: Nov 1, 2018

Despite everything, BCH/USD is technically bearish but stable above $400. This price tag is important and actually anchors our analysis as it marks the lower limit of our trade range, a support line which if broken say because of uncertainty or BTC meltdown would mean confirmation of bear break out of early August and bear trend continuation.

Latest Bitcoin Cash News

As the home of BitMex, OkEx, and several noteworthy exchanges, Hong Kong is a refuge for cryptocurrency exchanges and projects who ran away from the heavy-handedness of Chinese regulators. Hong Kong is simply a blockchain hub and the territory leaders are not shy away from lauding the importance of blockchain as an emerging technology that may not only disrupt existing systems but may cause a funding revolution should regulation thrive in an ecosystem that is technically borderless.

The country’s main regulator, the Securities and Futures Commission (SFC), is now introducing new rules that may force exchanges—except those incentivizing their clients or offering crypto futures and derivatives, to comply with anti-money laundering and KYC rules. Qualifying exchanges need to test out the sandbox and if they prove their ability to enforce AML/KYC then they shall be granted an operating license.

While some are lauding their effort, talks of regulation have never been received well in the space. But maximalist must note that space is still growing and relatively small compared to traditional financial systems commandeering trillions. Besides, the expectation of institutional involvement inevitably demands proper oversight as this goes a long way in weeding out manipulation as wash trading which continues to plague the ecosystem.

Bitcoin Cash (BCH) Price Analysis

BCH/USD Weekly Chart

BCH/USD Price Analysis

Despite all the hype and expectation of a BTC—BCH moon sling, there is this unusual calm in the space. Losses in BCH are low printing 4.1 percent and relatively stable in the last day gaining roughly one percent. In the midst of this is expected is the sobering reality that BCH might end up crashing should Roger Ver fail to mend the differences between Bitcoin ABC and Bitcoin SV whose leader(s) Craig Wright and CoinGeek want to see Satoshi peer to peer electronic cash payment system flow through BCH.

What that means is that if there is a failure, BCH might crash below $400 confirming the bear break out pattern set rolling by the price action of early August and confirmed by strong losses in early Sep and October.

All in all, patience is key and as long as prices oscillate within the $200 range between $400 and $600, conservative or risk-on traders should take a neutral stance until there are convincing breakouts in either direction as laid out in our last BCH/USD trade plan.

BCH/USD Daily Chart

BCH/USD Price Analysis

The consolidation in the weekly chart is clear in the daily chart. Here, the significance of $400 is clear and in line with our projections now that BCH is down +90 percent from 2017 highs, BCH is technically bearish but losses could slow down as expectations of a bull run mill this quarter.

However, as aforementioned, it may be dashed if there is any form of Oct 11 and 29 bear confirmation breaking below $400 today or in coming days. All in all, there is no incentive to take trades in such a ranging market and in a network that is held back by uncertainties around network upgrade.

This is why despite everything, we recommend refraining from taking BCH related pairs until after Nov 15, 2018.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Nov 1, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is back in a bearish trend in its medium-term outlook. After a remarkable move to the upside as predicted yesterday the cryptocurrency resume the journey south. The W pattern played out well as the bullish pressure pushed BCHUSD to $433.90 in the supply area. This was the high of the day but momentum was lost thereafter. The day ended with an inverted bearish hammer at $427.30 a signalled that the bears are back.

The bearish momentum continues with the 4-hour opening candle at $427.00 that formed another inverted bearish hammer indicating strong bear pressure as the cryptocurrency initially down to $425.70 in the demand area.

The Fibonacci retracement gives a unique presentation of price movement. Yesterday bullish upward movement was up at 61.8 but fail to go further suggesting that the movement was a pullback necessary for the market correction before the downtrend continuation. Hence new low in the demand area is expected today as the bears' pressure becomes much stronger.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. The bulls and the bears had a remarkable struggle yesterday in the market. $410.10 in the demand area was the low of the day while $433.90 in the supply area was the high of the day as the session ended with an inverted bearish hammer a trend reversal signal that favours the bears.

The 1-hour opening candle at $422.10 was a bearish marubozu candle, an indication of strong bears presence as the cryptocurrency ranges.

Price is below the two EMAs and the stochastic oscillator is at 53% with its signal pointing down. This suggests further downward movement within the range in the short-term.

BCHUSD is in consolidation and trading between $430.00 in the upper supply area and at $415.00 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 31, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in a bullish trend in its medium-term outlook. An attempt by the bulls to stage a return was terminated at $423.50 in the supply area after the formation of a doji at $421.10. This led to a dropped in BCHUSD to $417.60 in the demand area.

The bullish engulfing candle formed before the end of yesterday session signalled another attempt by the bulls as BCHUSD was pushed up to $425.80 in the supply area.

The cryptocurrency is forming higher high and higher low that are characteristics of an up trending market. Price is around the 10-EMAs with the stochastic oscillator at 24% and its signal pointing upward. This suggests an upward movement in price due to the bullish pressure.

BCHUSD provides a unique structure of W. With the double bottom already created and the right leg forming. This implies strong bullish pressure to push price up to the supply area may be seen in the medium-term. $440.00 in the supply area may be the bulls’ initial target.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The end of yesterday session saw the bulls staging a comeback as price rose to $425.80 in the supply area.

Rejection to further upward movement occurred at the 50-EMA as the candle closes with a wick. The 1-hour opening candle at $422.10 was bullish which suggests the bulls are gradually gaining momentum.

Price is above the 10 EMA but below the 50-EMA and the stochastic oscillator is at 65% that is buyers zone it thus suggests that we may see increased bullish momentum and price of the cryptocurrency may get to $435.00 in the supply area in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 30, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in a bearish trend in its medium-term outlook. The bearish pennant pattern analysed yesterday was a perfect match and it was fulfilled. The strong bearish pressure broke the horizontal line at $436.30 with a large engulfing candle and went further down. Initially to $432.20 and later to $414.20 in the demand area.

A bullish spinning top at $417.80 in the demand area before the end of yesterday session was a signal to a trend reversal. The bulls did returned and push price up to $423.50 in supply area earlier today. This is still within the 23.6 fib level, a trend continuation zone.

The bears' pressure remains strong and a continuation to the downside remains possible in the medium-term. $400.00 in the demand area may be tested as the bears continue their smooth journey south.

BCH/USD Short-term Trend: Bearish

The cryptocurrency remains in a bearish trend in its short-term outlook. The strong bears broke the $435.00 predicted at the lower channel line with a large engulfing candle. The cryptocurrency went further down to $414.20 in the demand area.

The formation of the double bottom before the end of yesterday session brought the bulls back. The bullish 1-hour opening candle at $418.30 maintained the momentum and BCHUSD was up at 435.20 in the supply area.

The bullish pressure should be seen as pullback which is necessary for the market correction before downtrend continuation. Price is above the 10 EMA but below the 50-EMA which implies that the bears are still present.

The stochastic oscillator is in the overbought region at 85% with its signal pointing up a signal to the minor bullish retracement that will usher in the bears for continued journey down south.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 29, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The bears pressure no doubt was evident in the lows been made by the cryptocurrency on 26th and 27th October. $441.00 and $436.3 in the demand area was the low of each day respectively.

The retracement to $443.4 in the supply area by the bulls was necessary for the market correction before downtrend continuation. This was clearly manifested with the bearish spinning top formation at today’s opening and subsequent downward movement in price due to the bears' pressure.

Price is below the two EMAs and the stochastic oscillator at 54% and its signal points down which imply downward momentum.

Bearish pennant continuation pattern is seen forming. It suggests that the bears' pressure would continue and a break of $436.30 in the demand area may occur and this would lead to further downward movement in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The strong bears pressure as analysed on 26th October because price was at the upper line of the channel. The bearish pressure dropped BCHUSD at $436.30 in the demand area on 27th October.

The effort by the bulsl to push price up was rejected by the 50-EMA. The bullish 1-hour opening candle at $440.00 lifted the cryptocurrency price to $443.40 in the supply area earlier today.

This was a touch at the upper line of the downward channel. Hence strong bearish pressure is expected to drop BCHUSD price lower in the short-term.

Price is below the two EMAs and the stochastic oscillator at 46% with its signal pointing down. These imply further downward price movement of the cryptocurrency. $435.00 in the demand area at the lower line of the channel may be the bears' initial target.


Bitcoin Cash (BCH) Long-term Price Forecast: Oct 27, 2018

BCH/USD Long-term Trend – Ranging

Distribution territories: $650, $750, $850.
Accumulation territories: $350, $250, $150.

Around the $525 and $425 price territories this week, the BCH/USD market trading stance has been ranging over the time. The October 11 decline that emerged in most of the crypto-markets has been pressing down the market value of this crypto to around $435 price territory some time back until now.

The market made a stride on October 15 to briefly break past the two SMAs northwards. Meanwhile, the crypto quickly rallied back through the two SMAs into the range. Price is now inactively ranging along with 14-day SMA’s trend-line closer to the $425 lower range territory. The 14-day SMA has pressed southwards further below the 50-day SMA’s trend-line. The Stochastic Oscillators are pointing south in the oversold zone to suggests that bearish moves are not yet completely over in this market.

Bears now appear losing their trading stance gradually in the BCH/USD market as it has been indicated that the market may not be pushed beyond the last low price point that occurred on September 17. It will be reasonably ideal to await a strong price action that will move in an upward direction to place a long entry.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 26, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in consolidation in its medium-term outlook. The bears continued in their journey down south within the range with making a lower low at $444.9 and closing yesterday session as a bearish marubozo candle that confirms strong bears presence.

The 4-hour opening candle at $445.0 was an inverted hammer as the bears continued their dominance and BCHUSD went down to $444.1 in the demand area. Price is above the 10-EMA but below the 50-EMA which reflect minor bullish pressure within the range as confirmed by the stochastic oscillator at 18% whose signal points up.

BCHUSD is in consolidation and trading between $476.00 in the upper supply area and at $430.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bullish momentum was low when BCHUSD was up at $451.3in the supply area due to exhaustion and formation of a bearish inverted hammer which signal the bears' return.

The strong bearish ensure initially dropped the cryptocurrency at $444.90 before the close of yesterday session and continued after opening as BCHUSD made a low of $441.0 in the demand area before losing momentum.

The cryptocurrency is in a nice downward channel and price is expected to make a touch at the lower line after rejection at the upper line. New lower low may be made in the short-term as the bears' pressure becomes much stronger.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 25, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in consolidation in its medium-term outlook. The bears returned at $453.60 in the demand area after the formation of the doji. Confirmation of the bears' takeover was made with the next candle that closes bearish.

BCHUSD was at a low of $444.10 as at the close of yesterday session. The bears continued earlier today with the cryptocurrency down to $441.70 in the demand area. Price is below the two EMAS a bearish pressure signal and the stochastic oscillator is at 31% and its signal points up an indication for upward price movement. The ranging scenario in brief.

BCHUSD is in consolidation and trading between $476.00 in the upper supply area and at $430.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The strong bearish pressure broke the $452.4 in the lower demand area of yesterday analysis the second time and took BCHUSD down to $444.1 before the close of yesterday session.

The bearish momentum was sustained as cryptocurrency went further down to $441.7 in the demand area earlier today.

The bulls are briefly back in the market. Price is currently going up north. BCHUSD was up at $449.9 in the supply area. This should be seen as a pullback necessary for the market correction before downtrend continuation.

Price is forming lower highs and lower lows that are characteristics of a down trending market. It implies a new low may be tested before the end of the session as the bears' pressure becomes much stronger.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 24, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in consolidation in its medium-term outlook. The bears continue dominance came to an end after a dropped in the cryptocurrency at $444.00 in the demand area. The formation of the bullish inverted hammer at $446.60 at the demand area signalled the bulls returned. $452.10 in the supply area was the point the bullish pressure took the cryptocurrency before the end of yesterday session.

The bullish 4-hour opening candle at $449.50 sustained the bullish momentum with BCHUSD at $480.00 in the supply area earlier today. Price is above the 10-EMA with efforts to break the 50-EMA.

The stochastic oscillator is in at 41% and its signal points up. The implication is an upward price movement within the range as the bullish momentum increased.

BCHUSD is in consolidation and trading between $476.00 in the upper supply area and at $430.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is back in the range-bound market in its short-term outlook. BCHUSD is back within the range. After breaking the $452.40 and retesting the lower demand area, the bears pushed price further down to $444.00 in the demand area before losing momentum as seen with candles with wicks at the area.

The formation of a doji couple with the bullish candle at $447.20 suggests the bulls takeover. $452.10 was retested before minor pullback before the end of yesterday session that saw BTCUSD down to $447.70 in the demand area.

The 1-hour opening candle is bullish at $448.60. Increased bullish momentum broke the $452.40 point and return BCHUSD to the range as the bulls continue the journey north.

The cryptocurrency is ranging and trading between $470.00 in the upper supply area and at $452.4 in the lower demand area of the range. Patience is needed for a breakout or breakdown to occur before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 23, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in consolidation in its medium-term outlook. The bears continue dominating the market with the cryptocurrency initially down to $449.1 in the demand area before the bulls stage a brief pullback. $459.20 in the supply area was attained before the end of yesterday session. The 4-hour opening candle at $456.4 was bearish as BCHUSD was down to $449.3 in the demand area.

Price is below the two EMAs with the stochastic oscillator is in the oversold area at 12% and its signal points down. The implication is a downward movement in price due to the bear pressure within the range in the medium-term.

BCHUSD is in consolidation and trading between $476.00 in the upper supply area and at $430.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bearish pressure broke the $452.4 in the lower demand range of yesterday analysis with a large bearish engulfing candle. As BCHUSD was down $449.4 to in the demand area.

A retest of the broken area was made earlier this morning when price was up at $452.7 to confirm the journey down as the bears stage a comeback.

Price below the two EMAs and the stochastic oscillator is in the oversold region at 16% and its signal points down which implies further downward price movement due to the bears' pressure.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 22, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in consolidation in its medium-term outlook. The bullish pressure within the range was terminated after BCHUSD was up $466.10 in the support area. Although initial push above the EMAs occurred on 21st October when BCHUSD was up at $463.10.

The inverted hammer signals bears returned and confirmation to the bears' takeover was the long bearish engulfing candle at $462.90. BCHUSD dropped to $450.60 in the demand area.

Price is below the two EMAs with the stochastic oscillator at 53% and its signal points down. The implication is a downward movement in price due to the bear pressure within the range in the medium-term.

BCHUSD is in consolidation and trading between $486.0 in the upper supply area and at $433.8 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in the range in its short-term outlook. The bearish pressure within the range after the railroad formation at $460.30 yesterday sustained the momentum with BCHUSD down to $450.63 in the demand area earlier today.

Price revolve around the two EMAs  with no defined trend hence the consolidation in the short-term.

The cryptocurrency is ranging and trading between $480.00 in the upper supply area and at $452.4 in the lower demand area of the range. Patience must be exercised at this period for a breakout or breakdown to occur before taking a position.


Bitcoin Cash (BCH) Long-term Price Forecast: Oct 20, 2018

BCH/USD Long-term Trend – Ranging

Distribution territories: $675, $775, $875.
Accumulation territories: $375, $275, $175.

BCH/USD continues to experience a very tight price ranging movements a bit above the lower range line at $400 territory this week. The last time that the crypto made a strong spike was on September 26 but also eventually dropped in value significantly on October 11, and that has led to the current low price point in the market.

In about a handful number of days, the crypto has neither been notably pushed by bears nor bulls. P-rice has only been fluctuating below the two SMAs’ trend-lines within $600 and $400 price range-bound zones until now. The 14-day SMA has intercepted the 50-day SMA from top to be under the latter with a small space. The Stochastic Oscillators have briefly touched range 20 to point south. That shows that the market may still need to experience a degree of price decline furthermore for a while.

Every indicator is showing that this crypto may continue to experience its market value ranging within the well-defined range in the next trading days or weeks to come. A probable reversal against the $400 price territory of the lower range or of the average value of the range-bound zone at $500 territory could result to a bullish market resumption of this crypto.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 19, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in consolidation in its medium-term outlook. The bearish pressure continued to be dominant within the range as BCHUSD was down to $439.4 in the demand area before the end of yesterday session. Exhaustion to the bearish momentum was seen as the candle closes as a bullish doji.

The 4-hour opening candle at $446.3 was a bearish inverted hammer but BCHUSD made move up to $449.0 in the supply area as the market open.

Price is below the two EMAs and the stochastic oscillator is in the oversold region at 14% and it signal points up which implies upward price movement due to bullish pressure may likely be witnes in the range.

BCHUSD is in consolidation and trading between $486.0 in the upper supply area and at $433.8 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The strong bearish pressure broke the lower demand area at $452.4 and dropped the cryptocurrency to a unique low at $439.40. This resulted in a triple bottom formation with price at the same area on 12th and 15th October.

The bullish 1-hour opening candle at $443.1 pushed price up to $449.10 in the supply area earlier today.

The stochastic oscillator is at 34% and it signal point up which implies upward price movement in the short-term.


Bitcoin Cash (BCH) Technical Analysis: Oct 18, 2018

Overly, Bitcoin Cash prices are stable but down 10 percent in the last day. Even if BCH is technically bearish and made worse by the lack of consensus ahead of November hard fork, Bitmain successful IPO and bottoming BTC prices could be the impetus to reverse recent losses driving prices back to $600 and even $850.

Latest Bitcoin Cash News

There is a Bitcoin Cash war in progress and as impasse continue, the uncertainty around next month’s Bitcoin Cash hard fork threatens to affect investors BCH investment. Already, Gemini, a regulated US exchanges operating from the stringent New York State has postponed the listing of Bitcoin Cash until the waters clear.

At the moment it is stormy and it has been worsened by Bitcoin SV backed by nChain and CoinGeek publishing the details of their software client in GitHub. According to reports, they have purposefully made this release incompatible with consensus changes implemented by Bitcoin ABC which is by far the most dominant commanding a major share of the dominant BCH full node client. The situation has been murky and it all roots back to ideological differences pitting Bitcoin ABC against SV.

Both camps have support from major players with Bitmain’s Jihan Wu having a go at Craig Wright who believes the success of Bitcoin SV will snap back BCH to what Satoshi Nakamoto meant by a peer to peer cash electronic payment system.

To achieve this Bitcoin ABC plans to implement Canonical Transaction Ordering (CTOR) saying this will scale the network without the need of off-chain solutions as Lightning Network. On the other side, Bitcoin SV will raise block size from 32MB to 128MB, increase the number of operation codes per script from 201 to 500 and reintroduce four Satoshi Opcodes

Bitcoin Cash (BCH) Price Analysis

Weekly Chart Analysis

Bitcoin Cash Price Analysis

On a weekly basis is down 10 percent according to statistics, but stable. Even if prices are moving inside within week ending Sep 9, the long upper wick of this week hints of selling pressure in lower time frames.

This sell pressure is preventing price surges above $600 reversing losses of week ending Sep 9 meaning our last Bitcoin Cash trade plan is valid more so for risk-averse traders who need to see strong reversal of this bear pressure and gains above the main resistance level at $600.

Moving on, the main support line remains at $400 and as before, any attempts of lower lows cancels the upbeat bullish projection ushering in sellers aiming at $250 which is Bitcoin Cash all-time lows.

Unless otherwise there are strong spikes above $600, the fact that bulls are finding resistance at $550-$600 hints of underlying sell pressure than could by extension mean sellers are in control trending in line with the bear break out pattern of early August and cemented by week ending Sep 9 losses.

Daily Chart Analysis

Bitcoin Cash Price Analysis

The consolidation of the last two months is clear in this time frame. Although Bitmain successful IPO could push BCH higher and above $600, any dip below $400 in case their November hard fork become messy shall confirm the general bearish candlestick formation of this year.

Note that it’s a bear break out pattern as set up in early August and liquidation to pick up then we must see high-volume losses syncing with Oct 11 losses driving prices below $400.

Nonetheless, BCH prices are stable in the daily time frame and even trading within Oct 15 high low. Considering the volumes and rejection of lower lows, we recommend risk-off traders to load up at spot prices with first targets at $600. Safe stops should be at $400.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Oct 18, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in consolidation in its medium-term outlook. The bearish pressure from the doji of yesterday market opening at $469.4 was strong after the next candle formation gave a bearish inverted hammer at $469.00 with an upper wick. This was a clear confirmation of bullish exhaustion.

BCHUSD was initially down to $457.4 in the demand area before the bulls stage a comeback within the range forming a bullish doji and railroad as the session ended yesterday.
The 4-hour opening candle at $461.5 was bullish with BCHUSD up $471.0 as the market open. Price is above the 10-EMA and the stochastic oscillator is at 26% and it signal points up which implies upward price movement due to bullish pressure may likely be witnes in the range.

BCHUSD is in consolidation and trading between $486.0 in the upper supply area and at $433.8 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in the range in its short-term outlook. $458.0 was the low of the day that the bears dropped the cryptocurrency before losing steam for continuation.

The bulls return gradual return before the end of yesterday market was confirmed with a bullish candle after the doji at $460.0.

The bullish 1-hour opening candle at $462.4 sustained the momentum as BCHUSD was up at $472.0 in the supply area earlier today.

The cryptocurrency is ranging and trading between $481.1 in the upper supply area and at $452.4 in the lower demand area of the range. Patience must be exercised at this period for a breakout or breakdown to occur before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 17, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in consolidation in its medium-term outlook. The bulls upward price movement was nullified at $479.00 in the supply area due to exhaustion as the candle closes with a wick. The bear successfully dropped the cryptocurrency to $462.00 before the session ended yesterday.

The bulls’ takeover was signaled by the pinbar at the demand area. $472 in the supply was the high before the bears gradually stage a comeback within the range.

Price is hovering around the 10 EMA and the stochastic oscillator at 35% and it is in a parallel line with its signal a reflection of the ranging scenario.

BCHUSD is in consolidation and trading between $486.0 in the upper supply area and at $433.8 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position coupled with good reversal candles as confirmation before entry.

BCH/USD Short-term Trend: Ranging

The cryptocurrency enters the range in its short-term outlook. The bear pressure from the formation of the inverted hammer at $478.30 in the supply area pushed price to $462.0.

The bear pressure continued earlier today as the cryptocurrency was down to $466.20 in the demand area despite the bullish 1-hour opening at $467.7 that saw BCHUSD up $472.3 in the supply area.

The cryptocurrency is ranging and trading between $481.1 in the upper supply area and at $452.4 in the lower demand area of the range. Patience must be exercised at this period for a breakout or breakdown to occur before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 16, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH continues in a bearish trend in its medium-term outlook. $459.00 in the demand area was the low the bears pushed BCHUSD before the end of yesterday session as the candle closes as a bullish pinbar.

The 4-hour opening candle though bearish at $469.80, the bullish pressure still prevails as price was up 480 in the supply area earlier today.

Price is still below the 50 EMA and .in the 38.2 fib level a trend continuation zone. It suggests a continuation to the 23.6 fib zone and this implies BCHUSD may be down at $428.80 in the demand area in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bullish railroad formation before the close of yesterday trading session sustained momentum as BCHUSD was up to $482.00 in the supply area.

This put price at the key supply area. The bears are gradually returning with the formation of a bearish hammer followed by an engulfing candle. BCHUSD was down to $470.0 in the demand area.

Price is below the 10 EMA and the stochastic oscillator is at 56% with its signal pointing down. This suggests further downward movement which may saw BCHUSD to $440.00 in the demand area in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 15, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The bearish pressure form $458.00 in the supply area was lost on 14th October at $440.02 in the demand area before the end of the trading session.

Today’s opening candle was a bullish pin bar that signals the bulls return. The increased bullish pressure pushed the cryptocurrency to $528.00. This was at 61.8 fib level, a trend reversal zone. The bears did stage a comeback. This was seen from previously full body candles closing with wicks.

BCH was down to $472.00 in the demand area. This was the 38.2 fib level and the three 4-hours bullish candles shows exhaustion as they close with wicks.
The stochastic oscillator is at 38%and it signals points down which downward movement in price of the cryptocurrency in the medium-term.

The journey to the 23.6 fib level is valid as the bears' momentum increase with more candles formed below the 50-EMA.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bullish pressure responsible for BCH at $528.00 in the supply area was lost, The formation of a bearish railroad was responsible for this as the bears' sets in and pushed price down to $473.00 in demand area.

Price is below the 10-EMA and indication to the bearish pressure. The stochastic oscillator is at 28% and its signal points down, which means downward price movement.


Bitcoin Cash (BCH) Long-term Price Forecast: Oct 13, 2018

BCH/USD Long-term Trend – Ranging

Distribution territories: $675, $775, $875.
Accumulation territories: $375, $275, $175.

In the first place, it has been recalled that BCH/USD witnessed a major price decline in its market value on October 11, this week. The decline suddenly put the market ranging movements that had been once experienced between Sept. 27 and Oct. 10 to an end.

On Oct. 12, the crypto appeared to start a new round of featuring a ranging price move until now. The ranging movements have been taken place between the territories of $600 and $400. Price has now been fluttering closely to the territory of $400. The two SMAs have tightly conjoined within the range. The Stochastic Oscillators have dipped into the oversold region to raise a caution suggestion in regards to placing an entry of this crypto for a while.

There have now been clear distinctive three key price territories to watch out for and; they are $600, $500 and $400. As at now, a bullish market price action is expected to come up as pushing the crypto southwards further could lead to bears’ trap. Traders are enjoined to get into the market while a decent up-rise is noted.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 12, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in a bullish trend in its medium-term outlook. The strong bearish pressure dropped the cryptocurrency to $427.8 in the predicted demand area of yesterday analysis before the end of yesterday session.

The bearish exhaustion denoted by wicks coupled with the bullish railroad suggests the bulls are gradually coming back. The 4-hour opening candle at $433.50 is bullish thus sustain the bullish momentum. The next candle after was also bullish. Thus a confirmation to the bulls come back in the medium-term.

The stochastic oscillator is in the oversold region at 19% and its signal points up which implies upward movement in price of the cryptocurrency in the medium-term. Traders could take advantage of the current bullish momentum which is a pullback against yesterday drop.

A 50 -78% retracement may be expected before the bears returned to continue the downtrend.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bears closed yesterday with a lower at $428.30 in the demand area.

Rejection of the further downward movement was seen as the 1-hour opening candle closed as a doji. This is an indication to a trend reversal. The bulls gradually returned. Price was pushed up to $458.40 in the supply area earlier today.

Price is above the 10-EMA and indication to the bullish pressure. The stochastic oscillator is at 78% and its signal points up, which means more momentum to the upside may be witness in the short-term.

The structure is a W and this suggest that the bullish pressure will drive price up north to complete the right leg.


Bitcoin Cash (BCH) Technical Analysis: Oct 11, 2018

A double-digit loss was enough to shatter Bitcoin Cash bulls and now, prices are headed towards Sep lows. From previous Bitcoin Cash price analysis, declines below $500 triggered stops reverting our projection back to neutral as we anticipate breaks below $400. Contrary to expectations, these losses are printing in a bottoming market with solid fundamentals which should otherwise be supportive of price.

Latest Bitcoin Cash News

It’s true that cryptocurrency businesses do have a hard time to open up bank accounts but not anymore. LBX is launching a new service targeting crypto businesses in the UK. The service, LBX Pay will be a platform where these businesses can manage, store and transfer their crypto and fiat holdings without moving funds between different service providers or trading accounts.  LBX first opened doors for OTC trading back in 2017 but has since registered with the UK’s FCA meaning their subscribers must submit KYC and related documents before accessing services.

For transparency, the company will hold all user fiat holdings in a segregated account complete with IBAN and issue out monthly statements. Though this development is welcomed, the partnering bank has not been made public but speculation points to Clearbank.

On the other hand, fiat holdings will be held in a secure cold storage. The overall plan is to roll out the service to the retail sector enabling them to interact with cryptocurrencies in a whole new way. This is so because aside from managing their trades, payments or balances, LBX Pay users with greater demands and volume requirement will have flexible access to the company’s OTC desk. However, they plan on launching a direct API service that connects directly to client’s account.

Bitcoin Cash (BCH) Price Analysis

BCH Weekly Chart

Bitcoin Cash Price Analysis

The market is still trying to pinpoint the exact cause of this severe slump. As it stands, BCH is down 14 percent thanks to events of early morning where in a flash the last three weeks gains evaporated as bears crashed stops trigger further sell off.

From the chart we notice that despite these deflating losses, BCH is still trading within week ending Sep 30 bar but prices are now aligned with week ending Sep 9 bear engulfing pattern rejecting gains above $600 in the process confirming week ending Aug 12 break below main support at $600.

Because of these developments—and the fact that BCH bears are $50 away from the main support and sell trigger line at $200, we recommend patience. This advised is from a risk-reward point of view. Besides, our stops at $480 marking Aug lows were crashed today.

BCH Daily Chart

Bitcoin Cash Price Analysis

Before today it’s clear that BCH was consolidating inside Sep 27 high low but with the consequent depreciation means our bullish projections is now null and void. Today’s losses are the hallmarks of a bear break out below Aug lows at around $480 which by design should trigger further losses.

But, we suggest taking a neutral stand until after bears dip below $400. Thereafter, traders can begin loading up on pull backs as we had recommended in previous Bitcoin Cash price analysis. Targets will be at $300 with stops at the highs of the break out bear bar.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Oct 11, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $600, $700, $800
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The lower demand area of yesterday range at $500 was broken with a large bearish engulfing candle.

The cryptocurrency went further down to $448.00 in the demand area. The bears' strength was further fueled by comments from the American Association of Retired Persons.

BCH was around this demand area on September 11th and 25th when it was down to $424.80 and $432.70 respectively. Despite the 30% recovery, strong bears pressure may shed off this gains.

Price is below the two EMAs crossover and the stochastic oscillator is in the oversold region at 18% and its signal points down which implies bearish pressure. BCH may retest $420 in the demand area before a possible trend reversal.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bullish momentum within yesterday range was lost at $522.30 in the supply area as the bears gradually set in.

BCH was down to $515.20 I the demand area before the end of yesterday session.
The large bearish engulfing candle after today’s opening broke the $509.20 in lower demand area of yesterday range. BCH dropped to $448.00 in the demand area earlier today.

BCH may drop further in the short-term as price is below the two EMAs crossover and the stochastic oscillator signal points down. These indicate strong bears presence.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 10, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH still remains in consolidation in its medium-term outlook. $517.70 in the demand area was the low the cryptocurrency attained as the bearish pressure within the range continues before the end of yesterday session.

The 4-hour opening candle at $520.50 was bearish and this further dropped the coin to $509.10 in the demand area. The formation of a bullish pinbar coupled with a hammer had a minor impact on price as EOS was briefly up to $517.50 in the supply area. The bears returned was signaled by the inverted hammer.

Price is below the two EMAs crossover and the stochastic oscillator is in the oversold region at 18%. Its signal is down which implies downward price movement within the range.

BCH is in consolidation and trading between $540.00 in the upper supply area and at $500.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area is imminent hence traders should be patient before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency returns to the range in its short-term outlook. The bearish railroad at the opening of the trading today led to  the downward movement of the cryptocurrency.

BCH was at $509.10 in the demand area as the bears lost momentum and the coin ranges.
The 10EMA is seen acting as strong resistance against upward movement while the stochastic oscillator is at 52% and it signals is parallel which is a reflection of the range-bound market.

BCH is in consolidation and trading between $522.50 in the upper supply area and at $509.20 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 9, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remains in consolidation in its medium-term outlook. The bullish pressure within the range remains strong with BCH making a high of $536.10 in the supply area before the end of yesterday session as the momentum up north increases.

A minor pullback to $526.00 in the demand area occurred earlier today. This was due to the bearish marubozo 4-hour opening candle. The next candle developing is bullish which may nullify the bears' pressure.

Price remains above the two EMAs which is a reflection of the bulls continued control of the market. The stochastic oscillator is in the overbought region at 79% with it signal not define as the cryptocurrency continues in the range.

BCH is in consolidation and trading between $540.00 in the upper supply area and at $500.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area is imminent hence traders should be patient before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency continues in the bullish trend in its short-term outlook. The flag formed indeed returned the bulls as predicted in yesterday analysis. $536.10 in the supply area was the high the bullish pressure could take the cryptocurrency before the end of yesterday trading session.

Current retracement by bears which is further confirmed by the stochastic oscillator in oversold sold region is necessary for the market correction before the bulls strong comeback for uptrend continuation.

Price is forming higher highs and higher lows that are characteristics of up trending market. New highs and new lows may be formed as more candles formed and closed above the EMAs in the short-term. $540 in the supply area is still on the card.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 8, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in consolidation in its medium-term outlook. The railroad formation at $516.20 in the supply area dropped the cryptocurrency to $505.80 in the demand area on 7th October. Rejection to further downward movement occurred after spinning top formation which was good reversal signal.

The bullish engulfing candle at $509.40 confirmed the bulls take over as BCH made a high of $530.00 in the supply area before the end of yesterday trading session.

Price is above the two EMAs and the stochastic oscillator is at 67% with it signal pointing up. These imply strong bullish pressure may occur within the range and BCH may witness upward price movement.

BCH is in consolidation and trading between $540.00 in the upper supply area and at $500.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area is imminent hence traders should be patient before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bullish pressure from the double bottom formation pushed price up $518.90 in the supply area and created a flag.

The retracement was terminated at $514.00 when the bulls returned and pushed price up to the level two at $530.00 in the supply area before the current retracement.

The bulls return is imminent to get BCH to level three as the cryptocurrency journey north. $550.00 in the supply area may be the bulls' target in the short-term.


Bitcoin Cash (BCH) Long-term Price Forecast: Oct 6, 2018

BCH/USD Long-term Trend – Ranging

Distribution territories: $675, $775, $875.
Accumulation territories: $375, $275, $175.

In the course of BCH/USD market price movement last week, the crypto strived to swing briefly upward on September 27, to encounter a resistance at $591 price territory. There has been re-occurring of lower lows in the succeeding days in the market.

The crypto has been majorly witnessing more ups and downs in the market value point than before, this week. The crypto market price has now been hovering closely above the two conjoined SMAs around $550 and $500 price territories. The Stochastic Oscillators have appeared to be maintaining a form of conjoining move as they point north-east. This is also more or less denoting a price consolidation movement is ongoing in the BCH/USD market.

Without a doubt, it is not advisable to enter into this market going by every indicator of this crypto for a while to have a clear market direction later on. A big and strong bearish reversal may have a good potential signal for a bullish market of this cryptocurrency.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 5, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. Rejection to further price upward movement after the bullish engulfing candle was seen at $533.20. The bears came strongly and dropped the cryptocurrency to $518.20 in the demand area below the two EMAs.

The pullback to $523.60 in the supply area was a correction for downtrend continuation. Increased bearish momentum pushed price further down to $507.70, breaking the lower demand area of yesterday range before the session closes yesterday.

The 4-hour opening candle at $514.50 was a bearish doji. A retest of the broken lower demand area was made earlier today. This may pave the way for further downward movement as the bears returned much stronger.

The stochastic oscillator is in the oversold region at 22% and it signal points down. This implies further downward movement in price of the cryptocurrency. Bearish candles formations would be a good signal that the journey south would continue in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The loss of bullish momentum at $533.20 after a breakout from the channel was responsible for the bears' returns and a return to the downward channel.

Inverted hammers formed at the supply area was a strong signal of the bears' takeover. BCH was down to $507.70 before the end of yesterday session.

The bearish 1-hour opening at 515.45 sustained the bearish momentum as price is below the two EMAs, $490.00 at the lower line of the channel may the bears' target in the short-term.


Bitcoin Cash (BCH) Technical Analysis: Oct 4, 2018

Even if sellers did clip Bitcoin Cash gains in the last two or three days, the coin was a top performer early this week. At spot prices, BCH is up one percent but could edge higher in line with last week’s bullish attempts. Suitable and safe stops remain at $450 but if they are hit, then BCH might drop 100 percent from 2017 highs to $250. But, considering fundamentals, this is unlikely to print.

Latest Bitcoin Cash News

13 months after breaking off from Bitcoin, BCH is still the fourth most valuable coin in the space as adoption pick up. That’s despite the market struggling against bears who have successfully drove prices from 2017 peaks to spot prices. Now, as the market recover, Bitcoin cash is gradually solidifying itself as a reliable medium of exchange following their tireless efforts and advocacy for a free and cheap payment platform.

Apart from increasing their ground and fan base through the launch of BitcoinCashTalk Forum—whose moderator say is censor resistant and open minded, there is adoption in other spheres. To prevent delays from expected influx, they took the first step and hiked block size limits to 32 MB.

But, network improvement didn’t cease. Bitcoin Cash plan to split one more time in November and there is an ongoing debate on best ways to address pertinent issues ahead of the fork. Needless to say, Bitcoin Cash leading the way as a superior version of money complete with low fees make it a better choice for crypto fans keen on using its network not as a store of value but as a medium of exchange just as spelled out by Satoshi. Recent stress tests demonstrated that the network can handle surges in transaction as it is robust and decentralized with nodes spread across different geographical locations.

Bitcoin Cash (BCH) Price Analysis

BCH Weekly Chart

Bitcoin Cash Price Analysis

There are some noteworthy indicators as far as price action is concerned. Aside volume expansion, price retracement has been unexpectedly deep. From Fibonacci retracement tool drawn from 2017 high low, it can be shown that BCH dropped 95 percent from 2017 peaks.

Considering the depth of correction, Bitcoin Cash bulls seem to have a chance to bounce back towards $600 and higher simply because of Fibonacci correction rules. Historical playback reveals that prices bouncing back from the 78.6 or 100 percent retracement level often recover but previous high retests are unlikely.

Because of this and coupled with high market participation, we expect prices to follow through this week. As such, aggressive traders can load at spot prices with first targets at $600 and later $870. On the other hand, risk-on, conservative traders can wait for clear close above $600 in line with our last Bitcoin Cash price analysis.

BCH Daily Chart

Bitcoin Cash Price Analysis

Prices are in consolidation in this time frame with $600 acting as a strong level of resistance. While buyers are benefiting from sharp gains of Sep 27 and 28, this week’s sellers have been liquidators deflating bull attempts for higher highs.

However, since there is a double bar bullish reversal pattern after two weeks of higher highs complete with high volumes, we suggest buying at spot rates as aforementioned. Fitting stops should be at Aug 2018 lows—at $450– and first targets at the break out levels at $600.

Note that sharp declines hitting stops nullify this bullish projection and might lead to price dips below $400 triggering the next wave of sellers aiming at BCH ATLs at $250–$300.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Oct 4, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH returns to the range in its medium-term outlook. After the break down at $518.60 in the lower demand area, the bears lost momentum when price was at $507.00.The formation of a bullish spinning top at the demand area signals the bulls returned.

The bullish 4-hour opening candle at $517.00 was a long bullish engulfing candle. BCH was back in the range. Price is above the two EMAs and the stochastic oscillator is at 32% with its signal pointing up. These imply upward movement in price of the cryptocurrency within the range may occur.

BCH is in consolidation and trading between $560.00 in the upper supply area and at $518.60 in the lower demand area of the range. Patience should be exercised during this period and allow a breakout at the upper supply area or breakdown at the lower area to happen before a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency returns to bullish trend in its short-term outlook. The strong bearish momentum was gradually lost at the $507.00.Rejection to further downward price movement was seen as the bulls stage a comeback.

Price was up to $523.90 in the supply area before the end of yesterday session. The bullish 1-hour opening candle at $515.40 sustained the bulls' pressure. The upper downward channel was broken with a large engulfing candle with BCH initially up to $531.50 and later to $535.20 in the supply area.

Price is above the two EMAs and the stochastic oscillator is in the overbought region at 81% with its signal up. These imply strong bullish pressure. BCH may retest the$555.00 area as more candles formed and closed above the EMAs.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 3, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The strong bearish pressure from the bearish spinning top at $547.30 dropped the cryptocurrency to $521.60 in the demand area. The bulls had a minor pullback to $5444.00 in the supply area but the candle closes as a bearish hammer.

The bearish 4-hour opening candle at $532.20 sustained the bears' pressure breaking the lower demand area of yesterday range at $518.60 and dropping further to $511.00 in the demand area. A retest of the broken $518.60 occurred but the bears returned and pushed BCH further down to $507.00 in the demand area

Price is below the two EMAs and the stochastic oscillator is in the oversold region at 12% with its signal pointing down. These imply downward price movement in the medium-term as the bears' pressure continue.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in bearish trend in its short-term outlook. The bearish opening 1-hour candle at $540.00 sustained the bears' pressure with BCH initially dropping to $512.2 and later to $507.00 in the demand area.

BCH is in downward channel with price below the two EMAs crossover. The 10 EMA is seen acting as a strong resistance against upward price movement. Bears pressure within the channel is strong hence new lows may be attained in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 2, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in its medium-term outlook. The bears' pressure briefly took control of the market and dropped the cryptocurrency at $519.00 in the demand area before losing momentum.

The gradual return of the bulls led to price up to $535.80 in the supply area before the end of yesterday session. The bullish 4-hour opening candle at $533.30 sustained the momentum and BCH was up $554.20 in the supply area earlier today as the cryptocurrency continues ranging.

BCH is in consolidation and trading between $580.30 in the upper supply area and at $506.80 in the lower demand area of the range. Patience should be exercised during this period and allow a breakout at the upper supply area or breakdown at the lower area to happen before a position

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in the range in its short-term outlook. $519.00 in the demand area was the point the bearish momentum lasted before losing steam. The bullish hammer at the demand area set the stage for the bulls returned.

BCH was up to $554.20 in the supply area with a large bullish engulfing candle earlier ds morning as the coin continues in the range.

$563.10 is the upper supply area while $514.20 is the lower demand area of the range in the short-term. A breakout from the upper supply area would suggest a long position while a breakdown at the lower demand area would be good for shorting.


Bitcoin Cash (BCH) Daily Price Forecast: Oct 1, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a range in its medium-term outlook. The hovering of price on the 10-EMA from 28th September till today is a reflection of the bulls and bears struggle for control of the market.

The bullish hammer formation on 29th September at $520.10 briefly gave control to the bulls and this led to BCH up to $5682.60 in the supply area before losing momentum. $516.19 in the demand area was the point the bear pressure dropped price after the market takeover at $548.15 as the cryptocurrency ranges.

The stochastic oscillator is at 43%. Its signal is parallel which is a reflection of the ranging scenario.

BCH is in consolidation and trading between $580.30 in the upper supply area and at $506.80 in the lower demand area of the range. Patience should be exercised during this period and allow a breakout at the upper supply area or breakdown at the lower area to happen before a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency enters the range in its short-term outlook. The bears' pressure from $553.00 in the supply area dropped the cryptocurrency at $516.90 in the demand area. A further downward movement was rejected as the bulls stage a comeback.

The bullish hammer formation followed by another bullish candle confirmed the bulls' presence. Price was up $544.00 in the supply area above the two EMAs crossover as the cryptocurrency ranges.

$563.10 is the upper supply area while $514.20 is the lower demand area of the range in the short-term. A breakout from the upper supply area would suggest a long position while a breakdown at the lower demand area would be good for shorting.


Bitcoin Cash (BCH) Long-term Price Forecast: Sept 29, 2018

BCH/USD Long-term Trend – Ranging

Distribution territories: $675, $775, $875.
Accumulation territories: $375, $275, $175.

On Sept. 21, a notable spike emerged in the BCH/USD market valuation as the crypto, later on, experienced a set of lower lows between Sept. 22 and 25 trading sessions. A bigger spike occurred on September 26, and that led to pushing the BTC/USD market value past the previous spike obtained in the market.

The crypto has succeeded at breaching past the 50-day SMA northwards briefly as price has been traded a bit above the 50-day SMA’s trend-line around $600 and $500 price territories. The 50-day SMA is located over the 14-day SMA. The Stochastic Oscillators have moved upward to touch range 80 from below, and they faintly point south. This suggests either to expect a set of ranging movements soon or bearish price movements.

The market BCH/USD valuation may still witness some degree of decline towards the accumulation distribution of $400 in the next few days. On the back side, the market may continue having a series of ranging movements between or around the $600 and $400 territories in the next few days or weeks. Traders are advised to wait for a strong bullish price action that may occur from downward price line to place a long entry.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 28, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in a bullish trend in its medium-term outlook. The strong bullish pressure from the 23.6 fib area pushed the cryptocurrency initially up to $577.00 in the supply area. With momentum increased, BCH made a high of $590.00 during yesterday session.

Price is above the two EMAs crossover with the stochastic oscillator in the overbought region at 86%. Its signal points up. These suggest bullish momentum and upward price movement in the medium-term.

The 4-hour opening candle at $566.60 was bearish and price was down to $556.60 in the demand area earlier today. Each pullback by the bears resulted in flag formation and subsequent strong bullish comeback. $650.00 in the supply area may be the bulls target as the momentum to the upside increased.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. $590.00 in the supply area was the point the bulls drove the cryptocurrency before exhaustion sets in and the bears took control.

The bears' pressure though minor dropped the coin at $552.00 in the demand are before the end of yesterday trading session.

Price is conspicuously above the 50 but below the 10 EMA while the stochastic oscillator is at35% and its signal points down.

It implies we may witness a minor downward price movement due to bearish pressure. This pullback is necessary for the market correction as the overall outlook remains.


Bitcoin Cash (BCH) Technical Analysis: Sept 27, 2018

Jihan Wu, Bitcoin Cash and Bitmain Co-Founder, Set to Benefit After Successful IPO Filing

Adding to last week’s gains, Bitcoin Cash spiked above $500 yesterday gaining 20 percent and $2 billion. Aside from technical factors and a bottoming market set in motion yesterday, news of Bitmain successful filing at the Hong Kong Stock Exchange did jolt prices back from yesterday’s lows. Going forward, we recommend taking small-position longs with targets at Aug 8 highs at around $600.

Latest Bitcoin Cash News

Bitmain, the cryptocurrency mining monopoly, successfully filed an application for an initial public offering (IPO) at the Hong Kong Stock exchange leading to a 25 percent surge of Bitcoin Cash prices.

The cryptocurrency mining giant plans to list and in line with the stock exchange’s regulations, the company was compelled to disclose its financial position. From data, the company is a clearly a market leader in the cryptocurrency mining sector. That was expected. Bitmain draws up-to 94 percent of its revenue ASIC antminers sale with a paltry 1.5 percent flowing in from mining pools. In the first half of the year, the company raked $742.7 million in profits from $2.8 billion in revenue representing a 10X increase on a year on year basis.

The mining giant continues to evolve and with Jihan Wu at the helm, the company has expanded. Jihan Wu is the co-founder of Bitcoin Cash and his believe on the cryptocurrency is reflected by their holdings as stated in a leaked prospectus.

According to the report, the company holds 1 million Bitcoin Cash or six percent of the total BCH supply making it a key player that can easily swerve the coin’s pricing. That’s not all, Bitmain backs the proposals made by Bitcoin ABC. Bitcoin ABC proponents support the idea of CTOR, DSV implementation and removal of block size limits.

Bitcoin Cash Price Analysis

Weekly Chart

Bitcoin Cash Price Analysis

Amid the excitement and possible investment of Bitcoin Cash development, prices seem to be gearing for a recovery. That means bulls are set to rise from current lows. Notice that Bitcoin Cash prices are down 95 percent from their 2017 highs and considering our previous Bitcoin Cash price analysis, the trend is still bearish.

It’s not hard to see why. As a matter of fact, prices are trending within a bear break out pattern with main resistance line at $600. That’s where the confirming bearish engulfing bar of week ending Sep 9 reversed from.

Though prices are less than $90 away from $600, the past two weeks’ bullish attempts could be a foundation for higher highs.

That is why we suggest taking buys in lower time frames with first targets at $600. Thereafter, conservative traders can buy on dips with eyes set on $850.

Daily Chart

Bitcoin Cash Price Analysis

Technically, Bitcoin Cash is ranging and with clear resistance at $600—Aug 8 bear break out level.

Nonetheless, bulls are keen on edging higher especially after yesterday’s high-volume thrusts from $400.

Because prices are now trending above last week, we suggest loading at spot rates with stops at $470. Targets remain as aforementioned.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Sept 27, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is back in a bullish trend in its medium-term outlook. $554.70 in the supply area was the point the bulls pushed BCH before the close of yesterday trading session.

The 4-hour opening candle at $514.80 pushed price back up to $543.00 after a minor drawdown to $505.50 in the demand area yesterday.

Price is above the two EMAs crossover with the stochastic oscillator at 68%. Its signal points up. These suggest bullish momentum and upward price movement in the medium-term.

With the Fibonacci tool, uptrend continuation occurred at 38.2 fib level and later back to the 23.6 fib level. It suggests that pullback to the 38.2 may occur before the strong bullish pressure that will sustain the uptrend.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The strong bullish pressure broke the $459.80 in the upper supply area with a large bullish engulfing candle.

BCH was further up to 533.90 in the supply area. It closes the day at $554.70 although pullback to $505.60 in the demand area occurred.

Price is around the 10-EMA while the stochastic oscillator is at and its signal points down. It implies a downward price movement due to bearish pullback. This is necessary for the market correction.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 26, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remains in a bearish trend in its medium-term outlook. The bears' sustained the momentum with the $425.00 target of yesterday analysis nicely attained. BCH further dropped to $427.50 in the demand area completing the structure M.

The bulls had a comeback before the close of yesterday session with a bullish engulfing candle. The cryptocurrency was up to $447.90 in the supply area. The 4-hour opening candle at $466.70 was bearish and price went down to $433.80 in the demand area earlier today.

Price is still below the two EMAs but the stochastic oscillator in the oversold region has its signal pointing up. This implies we may witness upward movement in price of BCH due to bullish retracement. The overall outlook remains bearish with a new low possible in the medium term.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. 423.70 in the demand area was the point the bear dropped BCH before losing momentum. The bears return to the market was gradual with a push of price to $442.10 in the supply area.

The cryptocurrency is ranging and trading between $459.80 in the upper supply area and at $423.90 in the lower demand area o. Patience should be exercised during this period to allow a breakout at the upper supply area or breakdown at the lower area to happen before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 25, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is back in a bearish trend in its medium-term outlook. The bears' strong comeback at $491.00 in the supply area with a large bearish engulfing candle pushed price further down.

Price was down to $455.90 in the demand area before the end of yesterday session. The bearish 4-hour opening candle at $462.50 sustained the bearish momentum as BCH was down to $448.00. This was at the 61.8 fib level, a trend reversal zone as shown with the Fibonacci.

Price is below the two EMAs and with the stochastic in the oversold region at 14% and its signal pointing down. This implies further downward movement in price.

The structure of the cryptocurrency is a capital M. The right leg is unfolding and this suggests the bears' pressure may continue to $425.00 in the demand area in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The strong bearish broke the $469.90 in the lower demand area and dropped the cryptocurrency at$460.00 in the demand area. This was after a retest of the broken area.

The bullish opening 1-hour candle a bullish pinbar at $461.50 had no effect as the bear sustained the momentum and pushed price further down to $448.00 in the demand area earlier today.

The stochastic oscillator is in the oversold region at 17% and its signal points down. This implies more downward movement in price of the coin may occur.in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 24, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bullish trend in its medium-term outlook. $480.00 in the upper supply area was nicely broken on 21st September. Price went further high to $513.80 in the supply area as the day ended as a bearish doji.

The formation of a large bearish engulfing candle after the doji confirmed the bears' presence and BCH was down to $469.7 in the demand area. This was a pullback to the 38.2 fib level and a retest of the broken upper supply area.

Price is currently above the two EMAs crossover with the stochastic oscillator at 42%. A pullback to the 38.2 fib level may occur once again before the bulls stage a strong comeback for uptrend continuation. $580.00 in the supply area may be attained as the bullish momentum increased.

BCH/USD Short-term Trend: Ranging

The cryptocurrency returns to the range.in its short-term outlook. The bullish pressure from $469.70 in the demand area was lost at $508.00 in the supply area due to exhaustion characterized by wicks in the candles.

The bears are currently in-charge and price is below the two EMAs at $480.70
The stochastic oscillator is at 48% and its signal points down. This implies downward movement in price of the coin may occur.

BCH is ranging and trading between $506.3 in the upper supply area and at $469.90 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area is imminent therefore traders should be patient and wait before taking a position.


Bitcoin Cash (BCH) Long-term Price Forecast: Sept 22, 2018

BCH/USD Long-term Trend – Bullish

Distribution territories: $650, $750, $850.
Accumulation territories: $350, $250, $150.

Most of the price movements of BCH/USD had been in a range-bound region over a week. The ranging movements were featuring in the market of this crypto from Sept. 16 till 20. On Sept. 21, a notable short spike occurred, and the 14-day SMA’s trend-line was breached northwards above the price territory of $500.

The market price line has been traded around the low price point obtained on Aug. 14 but now averaging towards the 50-day SMA’s trend-line from below. The 50-day SMA is located above the 14-day SMA. The Stochastic Oscillators have moved upward well above range 20. They now point north below range 80 to still showcase a continuation of probable northward price movement.

The last spike that brought about the short bullish Japanese candlestick may be proven not strong enough while a strong reversal price action breaks past it southwards. A set of various lower lows and lower highs may come to play in the next few days while the immediate distribution territory of $650 remains unbroken-out. Investors may either join the market below the trend-line of 50-day SMA or wait for a smaller dip around the 14-day SMA’s trend-line.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 21, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is still in the range in its medium-term outlook. The strong bullish momentum was increased pushing BCH initially to $449.9 in the supply area. The end of the trading session saw the cryptocurrency making a high of $469.80. Price is above the two EMAs a further indication of the bullish pressure.

The stochastic oscillator is in the overbought region at 81% and it signal points up. This imply upward price movement due to bullish momentum as the cryptocurrency ranges.

BCH is ranging and trading between $480.00 in the upper supply area and $415.00 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper area or breakdown at the lower area before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The upper supply area at $448.00 00 was broken with a large engulfing candle as the bulls stage a strong comeback.

BCH was up to $469.00 in the supply area as the momentum weakens leading to further upward price rejection and minor pullback to $449.80 in the demand area.

Price is above the two EMAs and the EMAs are fanned apart which connote strength in the context of the trend and in this case the uptrend.

Price is also forming higher highs and higher lows that are characteristic of a bullish market. Hence new highs may be attained as the bulls journey up north.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 20, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in its medium-term outlook. The strong bearish pressure within the range dropped the cryptocurrency initially to $417.90 and later to $407.90 in the demand area, breaking the lower demand area of the range but closes within the range.

Rejection to further downward price movement occurred as the candle closes with a wick. Price was up $444.50 in the supply area before the end of yesterday session as the bulls returned. The stochastic oscillator is at 52% and its signal is parallel a reflection of the consolidation scenario.

BCH is ranging and trading between $480.00 in the upper supply area and at $415.00 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper area or breakdown at the lower area before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is ranging in its short-term outlook. The bearish 1-hour opening candle sustained the momentum and dropped the cryptocurrency at $407.90 in the demand area. Exhaustion was seen at this demand area as the bearish momentum reduces.

The formation of bullish engulfing candle signal the bulls take over and BCH was up $444.50 in the supply area Price is below the 10-EMA with the stochastic oscillator at 53% and its signal points down as the coin ranges.

BCH is in consolidation and trading between $448.00 in the upper supply area and at $419.80 in the lower demand area of the range. Traders should patiently wait for a breakout at the upper area or breakdown at the lower area before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 19, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remains in the range in its medium-term outlook. The bulls returned from the demand area and sustained the momentum pushing price up to 451.30 in the supply area. The railroad formation that signal reversal with the bearish reversal had little effect on BCH.

Price was only down to $426.00 in the demand area before the bulls stage another comeback. The bullish 4-hour opening candle at $432.66 sustained the bullish momentum as price was up $440.00 in the supply area earlier today.

Price is above the 10-EMA with the stochastic oscillator at 45% and its signal up. This implies bullish pressure may continue within the range.

BCH is ranging and trading between $500.00 in the upper supply area and $415.00 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper area or breakdown at the lower area before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency continues in a bullish trend in its short-term outlook. The returned after a minor bear pullback to $412.10 in the demand area. BCH rose to $451.30 in the supply area as predicted in yesterday analysis.

Rejection to the further upward movement was obvious as wicks imply bearish exhaustion coupled with the formation of doji and bearish spinning top which are price reversal signal.

The bears exacted pressure on the cryptocurrency and it was down to $426.00 in the demand area before the end of yesterday trading session.

Price is above the two EMAs and the stochastic oscillator is at 48%. Upward price movement is expected as the bullish pressure becomes stronger in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 18, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remains in the range in its medium-term outlook. The bullish movement was short-lived when the cryptocurrency was up at $463.50 in the supply area. The formation of bearish railroad signal bearish reversal.

The strong bearish pressure dropped BCH at $408.50 in the demand area before the end of trading session yesterday. It was the second time this month that BCH is at this demand area, the first was on September 12th.

The bulls are gradually returning to the market as confirmed by the doji formation. The stochastic oscillator is in the oversold region at 15% and its signal points up. This implies an upward price movement due to the bullish pressure may occur as the cryptocurrency consolidates.

BCH is ranging and trading between $500.00 in the upper supply area and $415.00 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper area or breakdown at the lower area before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency returns to a bullish trend in its short-term outlook. The bears show exhaustion after dropping the cryptocurrency at $408.40 in the demand area with wicks with bullish doji formation.

The bullish 1-hour opening candle at $414.60 sustained the bullish momentum. BCH was up $423.00 earlier today. Price is above the 10-EMA and the stochastic oscillator in the oversold region at 37% with its signal pointing up. This suggests bullish momentum and an upward movement in price of the cryptocurrency may occur in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 17, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues ranging in its medium-term outlook. The bears stage a comeback within the range after the formation of a doji on 15th September at $460.02 in the supply area. BCH was down to $425.10 in the demand area on September 16th.

The bullish pressure returned after the hammer formation at the demand area and BCH price was back up to $452.00 in the supply area. The 4-hour opening candle at $450.50 sustained the bullish momentum and BCH was up $463.40 earlier today in the supply area as the cryptocurrency ranges.

Price is above the 10-EMA and the stochastic oscillator is at 71% and its signal points up. These imply bullish pressure and upward movement in price of the cryptocurrency may occur within the range.

BCH is ranging and trading between $500.00 in the upper supply area and $415.00 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper area or breakdown at the lower area before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. Exhaustion to bearish pressure was seen with wicks at $425.10 in the demand area. The bulls gradual returned was further confirmed with the bullish engulfing candles as BCH was up $4542.00 before the end of yesterday trading session.

The Fibonacci shows current pullback is within the 23.6 level a trend continuation zone. 38.2 level may be tested before the bulls comeback in the short-term. The pullback is necessary for the market correction to take place.

Price above the two EMAs crossover and it is forming higher highs and higher lows, characteristics of an up trending market. As the bull's momentum increased new higher highs may be attained.


Bitcoin Cash (BCH) Long-term Price Forecast: Sept 15, 2018

BCH/USD Long-term Trend – Ranging

Distribution territories: $650, $750, $850.
Accumulation territories: $350, $250, $150.

The market valuation of the U.S. dollar has considerably appreciated against the Bitcoin Cash this week. As at the starting of this week’s trading day, the crypto experienced a short and weakened bullish Japanese candlestick in its price movement. On Sept. 10, the bullish Japanese candlestick was overwhelmed by a sudden downturn that saw the crypto got pushed southwards from $490 towards $400 territory.

The last low price point was recorded on Sept. 12 as another notable spike occurred on Sept. 13. About two days ago, price action has now been hovering around the high price point of the last sudden spike in the market of this cryptocurrency. The 50-day SMA is located over the 14-day SMA as they both slightly bent southwards. The Stochastic Oscillators have penetrated into the overbought, and they have crossed to briefly point north within the region. This signifies that bearish movements are getting weaker.

Going by an indication, there is a room for seeing lower highs and lower lows within the territories of $510 and $400 in the market value of this crypto in the next few days. A break-down and a reversal of the price territory of $400 could serve as a decent entry for an upward price movement. Therefore, traders are advised to be on the lookout for that assumption to play out to place a long position.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 14, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continue ranging in its medium-term outlook. The strong bullish pressure keeps pushing price up to $477.10 in the supply area before the end of yesterday session.

The 4-hour opening candle is bullish at $463.70 and BCH was up $476.20 earlier today in the supply area as the cryptocurrency ranges.

Price is above the 10-EMA and the stochastic oscillator is at 78% and its signal points up. These imply bullish pressure and price of the cryptocurrency may be up in the range.

BCH is ranging and trading between $500.00 in the upper supply area and $415.00 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper area or breakdown at the lower area before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The strong bullish pressure broke the upper supply area at $460.70 after about three touches on the line. Price went further up to $477.10 in the supply area with a large engulfing candle.

The supply-turned-demand area was retested and price went down to $458.60 in the demand area. The bullish railroad formation pushed BCH up to $476.20 in the supply area above the 10-EMA earlier today.

Price is forming high highs and high lows, characteristics of an up trending market. As the bull's momentum increased new higher highs may occur in the short-term before a bearish pullback.


Bitcoin Cash (BCH) Technical Analysis: Sept 13, 2018

Though BCH prices might recover thanks to yesterday’s long lower wicks and apparent rejection of lower lows, we don’t recommend rushed buys. Instead, the best approach will be patience until after we see clear bull signals and prices printing above $500. After all, prices are down 13 percent on a week over week basis.

News Highlights

Bitcoin and Bitcoin Cash supporters are known to be rivals. It’s an ideological difference and sticking to code attitude that spawns all this but needless to say, these two don’t complement each other. It’s simply a race for supremacy but Bitcoin was a given a 10-year head start. On the other hand, Bitcoin Cash is playing catch up as they accelerate infrastructure development and amassing an army of foot soldiers.

Recently though, the topic has shifted from hard forks, Bitcoin SV and Bitcoin ABC– seems the story was purged off the inter-webs to matters hash rates. We must realize that behind these hash rates are decentralized nodes verifying transactions in exchange for Bitcoin Cash. Bitcoin Cash in turn derives its value from decentralization which like any proof-of-work based network is not perfect.

According to Charlie Lee, should Bitcoin miners decide to attack the Bitcoin Cash miners, then they can easily double spend transactions and running down Bitcoin Cash—perhaps driving it to oblivion—in a record 20 days. This is so because the network remains susceptible due to its low hashing rates currently standing at 3.6 EH/s against Bitcoin at 54 EH/s. Such comments echo well with BitPico claims when they stress tested the network in a bid to demonstrate just how “easy it was to take down BCH network” and “how centralized it was”.

Bitcoin Cash (BCH) Price Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Bitcoin Cash Weekly Chart by Trading View

Though it may be lightweight, comments from such a market influencer as Charlie Lee, a controversial figure, thrust the coin to bad publicity. And BCH is bleeding as a result. So far, the coin is down 22 percent on a weekly basis as bears confirm last week depreciation and rejection of $600. If anything, the path of least resistance has been set and with every sell candlestick printing in lower time frame, bears are inching closer towards $300, our ultimate bear target mentioned in our last trade plan. Because of these declines, we suggest selling on pull backs in lower time frames.

Daily Chart
Bitcoin Cash (BCH) Technical Analysis
Bitcoin Cash Daily Chart by Trading View

Like the weekly chart, prices are edging lower and yesterday, BCH did register a three percent loss in the last 24 hours. Considering events of last week and how rapid the depreciation was, it’s likely that bears might have an upper hand even if yesterday did close with a long lower wick signaling bullish attempts in lower time frames. In any case, we suggest adding on sell positions on pull backs probably at around $450 to $500 zone with any close above $500 cancelling this sell projection.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Sept 13, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is ranging in its medium-term outlook. The strong bearish pressure broke the $415.00 bears' target as predicted in yesterday analysis and went further down to $410.00 in the demand area.

Interestingly the candle closed above the target as a spinning top a good reversal signal. It implies the bulls are gradually returning. The cryptocurrency was up to $436.20 in the supply area as the market witnessed bullish momentum before the close of yesterday session.

The 4-hour opening candle was bullish at $432.50 with BCH up $443.00 above the 10-EMA after opening. The stochastic oscillator is at 34% and it signal points up which imply upward momentum in price due to bullish pressure as it consolidates.

BCH is ranging and trading between $500.00 in the upper supply area and $415.00 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper area or breakdown at the lower area before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. $410.00 in the demand area was a point the bears lost momentum as denoted by two hammers with wicks.

The bulls gradually return as seen with a large engulfing candle. BCH was up $436.2 in the upper supply area. Price is forming high highs and high lows, characteristics of an up trending market as in enters the range.

The cryptocurrency is ranging and trading between $460.70 in the upper supply area and at $410.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 12, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remains in a bearish trend in its medium-term outlook. A new low of $424.80 was made yesterday before the end of the trading session as the strong bearish pressure was sustained.

The 4-hour opening candle today at $439.90 was a large bearish candle an indication of increased bearish momentum. The cryptocurrency was down to $420.50 in the demand area. This is few pips away from the $415.00 bears target.

Price is below the two EMAs with the 10-EMA acting as a strong resistance to upward price movement. The EMAs are fanned apart which connotes strength in the context of the trend and in this case the downtrend.

A break in the $415.00 target will imply that the road to $300.00 in the demand area is opened as the bears continue the ride down south.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues is in a bearish trend in its short-term outlook. The strong bearish pressure dropped the cryptocurrency down at $424.80 in the demand area before the end of yesterday trading session.

This was predicted in yesterday analysis. Price is below the two EMAs with the 10-EMA continuously resisting upward price movement.

More journey downward may be  expected as the bearish momentum increased in the short-term. The stochastic oscillator remains in the oversold region at 11% and its signal points down, which imply downward movement in price.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 11, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in a bearish trend in its medium-term outlook. The strong bearish pressure is sustained as the cryptocurrency saw a new low of $457.70 in the demand area as predicted yesterday.

The formation of a bearish hammer at the demand area sets in the bull, with the coin up to $477.30 in the demand area earlier today.

Price is below the two EMAs with the 10-EMA continuously acting as a strong resistance against upward price movement

New lower lows may be in-view as the bears continue the strong push down south. BCH may retest October 30th 2017 price of $415.00 in the demand area in the medium-term as the bears' pressure continues.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The momentum downward increased after price made a touch at the downward trendline at $486.00 in the supply area.

The coin was down to $457.70 in the demand area before the end of the trading session yesterday.

Earlier today price was up $477.30 in the supply area as a result of minor bullish retracement, making a touch on the trendline. A bounce to the downside is expected which may result in a new low as the bears stage a strong comeback in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 10, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remain in a bearish trend in its medium-term outlook. The bullish pullback of 7th September did not push past the 23.6 fib due to strong resistance from the 10-day EMA.

$485.00, the low of 6th September was broken with a large bearish engulfing candle on 8th September and the cryptocurrency went down to $463.00 in the demand area due to the strong bears' pressure.

Price is below the two EMAs and its forming lower highs and lower lows. New lows may be seen as the bears increase their momentum down south in the medium-term..

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The strong bearish pressure broke pass $493.60 in the lower demand area of the range. A retest occurred and price went further down to $463.00 in the demand area.

The bullish pullback on 9th September pushed price up $495.00 briefly to retest the broken area and further upward movement was rejected as bearish spinning top signal bears returned.

Price was down to in the demand area $473.00 below the two EMAs. The stochastic oscillator is at 39% and it signal points down. These imply downward movement in price of the cryptocurrency in the short-term as the bears' pressure becomes stronger.


Bitcoin Cash (BCH) Long-term Price Forecast: Sept 8, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $750, $850, $950.
Accumulation territories: $450, $350, $250.

During the last week’s trading sessions, BCH/USD recorded some of its price movements in a range-bound format, but on Saturday, Sept. 1, the crypto sparingly moved upwards to breakout the range-bound territories. Another set of ranging movements was witnessed in the price of this crypto between Sept. 2 and 4. The crypto was unable to push past a strong distribution territory of $650 that also showcases a position of the 50-day SMA currently in the market.

On Sept. 5, A strong bearish movement emerged as both the 14-day SMA’s trend-line and the last low of the bullish Japanese candlestick that occurred on Sept.1 were broken southwards. The sudden break-down has made price to be traded below the 14-day SMA trend-line presently towards around a territory of $470. Obviously, the 50-day SMA is above the 14-day SMA. The Stochastic Oscillators have crossed from range 80 downwards to touch range 20. They now seem to get set for a consolidation around range 20. This means caution needs to be exercised in the placing of further trades.

Going by these indications, not much should be expected in the southward pushing of this crypto. However, bearish movements cannot be said to have been exhausted completely in the market as bulls are seemingly using the current price line to build up their strength. Investors are advised to watch out for a small dip around the price line of $500 to consider a buy into the crypto.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 7, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remain in a bearish trend in its medium-term outlook. The bears' pressure from the 4th September at $642.30 in the supply area that dropped the coin to $485.00 in the demand area on 6th September was briefly. This was due to the formation of a pinbar at this  area a signal to bulls arrival.

Price was up to $528.70 in the supply area below the EMA crossover with the 10-day EMA acting as a resistance to upward price movement.

The bullish pullback currently got price to the 23.6 fib level, a trend continuation zone. A further push to 38.2 fib level may occur due to the stochastic oscillator at the oversold region and its signal points up.

The bears may return at either of this fib level to resume the downtrend continuation and BCH may further drop in the medium-term outlook.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is ranging in its short-term outlook. After dropping the coin to $485.00 in the demand area the bears lost momentum. The bulls arrival was seen with the large engulfing candle and BCH was up to $523.00 in the supply area before the close of trading session yesterday.

Price was up earlier today to $528.70 in the supply area above the 10-day EMA as the cryptocurrency ranges in the short-term outlook.

BCH is in consolidation and trading between $546.10 in the upper supply area and at $493.60 in the lower demand area. Traders should be patent or a breakout at the upper supply or breakdown at the lower demand area before taking a position.


Bitcoin Cash (BCH) Technical Analysis: Sept 6, 2018

Straight from ShapeShift controversial requirements and shift of business model, CoinBase Pro availing GBP trading pairs in a step-by-step phase and BTC collapsing yesterday towing BCH prices with it, altcoins are having it rough. Odds are we might see a meltdown as BCH edge towards $300 and even $180, its all-time lows.

News Highlights

ShapeShift, the Switzerland based crypto exchange which allows users to trade without accounts now plans to adopt a rather radical and unpopular approach—that of collecting user data for “transparency’s sake”. In a statement, Erick Voorhees platform said there would be shifting to a new membership program where users will be required to submit their personal information in exchange for transparency, higher trading limits and better pricing depending on the membership levels subscribed.

Citing their goal of compliance, tokenization and responding to user feedback, the digital exchange is obviously bowing to pressure to regulators assertion that all exchanges must collect KYC/AML rules to monitor bad elements in a sector that remains largely unregulated.

For each membership plan, users would be rewarded with FOX tokens with the platform saying it has set aside 100 FOX tokens for the first 100K members who register. ShapeShift has set aside 1 billion FOX tokens and would act as reward for their members with members holding a specific amount of FOX tokens qualifying to move from one membership tier to another.

Whether this would be receive positively by the blockchain community or not mostly depends on how ShapeShift will handle user data now that it’s a centralized business and prone to attacks.

In other news, CoinBase Pro shall be launching several GBP trading pairs according to Richard Farmer, the GM of the trading platform. This announcement comes a month after CoinBase Pro said they plan on offering direct GBP support making it easier for UK customers to trade, deposit or even make withdrawals.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Bitcoin Cash Weekly Chart by Trading View

As highlighted in our previous BCH trade plans, the region between $600 and $750 were strong resistance and support zones. Coincidentally, these two support zones were broken in a span of two weeks between late July and the first week of Aug. During that time, not only did we see high volumes bear candlestick closing below the 13 month support trend line at $750, but the rate of declines were unusually high meaning sellers had strong market participation if not backing.

So, while there was a stagnation and even higher highs in the last three weeks, our Bitcoin Cash trade plan anchored on how prices would react at $600, the immediate resistance line. As we have seen, the confirmation of last week’s bullish and three bar bull reversal pattern could have signaled a bottoming up market but all this has been cancelled following yesterday’s ecstatic erosion of BCH valuation.

On a weekly basis, BCH is down nine percent and could edge lower as sellers flock in to this trade.

Daily Chart
Bitcoin Cash (BCH) Technical Analysis
Bitcoin Cash Daily Chart by Trading View

A 20 percent loss in the last day led to the cancellation of our BCH longs after our stops at Sep 1 lows were high. Now with a bearish dark cloud cover right at $600, sellers are stepping on gas as they snap back to trend.

There are two trade approaches here: First, risk off traders can liquidate at current prices with stops at $600 while conservatives can wait for prices to break below Aug lows. That would constitute a bear break down and thereafter traders can short on pull backs with targets at $300.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: Sept 6, 2018

BCH /USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bearish trend in its medium-term outlook. The bears' pressure was strong as the price of the cryptocurrency was down to $523.10 in the demand area before the end of yesterday trading session. The large bearish engulfing candle pushes the coin below the two EMAs.

The 4-hour opening candle at $526.70 was bearish and price went further down to $485.00 in the demand area. BCH was in this demand area on 14th August.

Price is below the two EMAs and the stochastic oscillator is in the oversold region at 8%. It signal is undefined. The bears' pressure is still strong in the overall as minor bullish pullback may occur in the medium-term outlook.

BCH/USD Short-term Trend: Bearish

The cryptocurrency returns to a bearish trend in its short-term outlook. The cryptocurrency was down to in the $553.30 in the demand area yesterday with a large engulfing candle and created flags.

The bears consistently returned and push the coin down after each flag formation. BCH was at a low of $523.10 before the end of the session yesterday.

Price was further down to $485.0 in the demand area today as the opening 1-hour candle was bearish. The bears still hold sway as a minor bullish correction may occur.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 4, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in a bullish trend in its medium-term outlook. The bears' pressure could drop the cryptocurrency at $623.00 in the demand area. The retracement was still with the 23.6 fib level.

The bearish railroad formed as the trading session came to a close yesterday could not effect the expected drawdown. This may be due to the bullish 4-hour opening candle at $628.90.

Price is still hovering above the two EMAs crossover and at 23.6 fib level, a trend continuation zone. The 10-day EMA is acting as a strong support for the bullish upward movement.

The stochastic oscillator is at 46% and its signal is pointing down. This implies we may see a minor drawdown due to the bears' pressure. The bullish comeback may be expected at the 23.6 or 38.2 fib level. $700.00 in the supply area may be the bulls target in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency continues in a bullish trend in its short-term outlook. $623.00 in the demand area was the limit the bears' pressure could push down the coin before the close of yesterday trading session. This is above the 50-day EMA.

The 1-hour opening candle today at $628.39 is a bullish hammer with price up to $637.40 in the supply area.

The two levels of demand areas formed at $605.00 and $620.10 remain sacrosanct. These are critical bullish zones. Hence we may see a drawdown to this zones. If price closes above them, this may return the bulls for upward price movement of the cryptocurrency in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: Sept 3, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bullish trend in its medium-term outlook. The strong bullish pressure from $526.00 in the demand area was sustained leading to a nice break of $600.00 in the upper supply area of the range on 1st September. The cryptocurrency went further up to $660.70 in the supply area.

Retracement due to the double top formation at the supply area is seen as the bears stage a comeback. Price was down to $618.90 in the demand area. This is necessary for the market correction before the resumption of uptrend continuation.

Price is above the two EMAs crossover and at 23.6 fib level, a trend continuation zone. The 10-day EMA is acting as a strong support for the bullish upward movement.

The stochastic oscillator is in the overbought region at 82% and its signal not pointing up yet. As the bullish momentum increases, $700.00 in the supply area may be the bulls target in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency resumes in a bullish trend in its short-term outlook. The strong bullish pressure broke the upper supply area at $569.80 with a large bullish engulfing candle.

Price was up initially up to $633.30 and later to $660.70 in the supply area.
Two levels of demand areas were formed at $605.00 and $620.10. These are critical bullish zones. Hence should a draw down to this zones occur, this will spark a further upward movement of price of the cryptocurrency in the short-term.

Price is below the 10-day EMA but above the 50-day EMA. Which implies current pullback is weak and a price may be above the 10-day EMA as the bullish momentum increases.


Bitcoin Cash (BCH) Long-term Price Forecast: Sept 1, 2018

BCH/USD Long-term Trend – Ranging

Distribution territories: $750, $850, $950.
Accumulation territories: $450, $350, $250.

BCH/USD market price movements have been obviously seen in a choppy outlook, this week. The crypto has now been observed as having lower highs and lower lows in price between the distribution and the accumulation territories of $620 and $460 respectively over a week. On Aug. 28, the pair experienced a short up-rise in the market trading position. But, in the succeeding days of Aug. 29 till 31, the cryptocurrency recorded a downward retracement towards a territory of $465.

As at now, on Sept. 1, the crypto has been able to recover and got pushed briefly past the 14-day SMA’s trend-line. It is also been observed that price action has been hovering strongly around the 14-day SMA over a week ago. Presently, price appears to consolidate below the 50-day SMA’s trend-line in the next coming days. There is still a gap between the 50-day SMA and the 14-day SMA as the former is located over the later. The Stochastic Oscillators have crossed to point north below range 80. This suggests that there are more upward movements than downwards in the crypto’s price as at now.

The featuring of lower highs is most likely to occur in the next trading sessions of this crypto. A bullish market can occur in a near time as most of the lower lows have appeared as been foundations for a return of bulls playing back into the market. In that light, traders may be on the lookout for long entries.


Bitcoin Cash (BCH) Technical Analysis: August 31, 2018

The debate about whether to increase block size infinitely continue to rage on. Still, there are technical, reliability and security limitation on some of the proposals Bitcoin Cash developers want to implement and due diligence must be carried out before execution. As it pans out, prices are edging higher but confined within Aug 17 high lows but regardless, we suggest taking longs on every dip.

News Highlights

At the moment, the Bitcoin Cash developer environment is hot and for simple reasons, it all boils down to a planned hard fork. In this hard fork proposals there are two camps: one group are proposing an infinite block size increment from 32 MB to 128 MB and the other is opposed to this grand idea. That’s the source of friction.

It might be rational for some to progressively increase the size of the newly minted blocks in response to the demand of the network as it was done when the network broke off Bitcoin core on Aug 31 2017 but as it stands, there is virtually no demand on the network. In simple sense, current blocks are nowhere near the 32 MB limit set in the third hard fork. On a more sober approach, most are advocating for more technical, security and even reliability analysis of the network in days to come. After all, we should realize that the basis behind Bitcoin Cash network security is to disincentive attacks from economical rational hackers where economics would be a barrier.

What they discount is an attack vector from governments or even from Bitcoin, a competitor who at one point might be irrational and bent on damaging. The “No” camp argues that it’s better to increase the block size to 128 MB once the blocks are at 16 MB capacity. Before then, developers should better focus on steeling security and increasing reliability of the network.

Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Bitcoin Cash Weekly Chart by Trading View

The third most valuable coin is stable in the weekly time frame, it’s up six percent. Encouragingly, that six percent week over week gain means buyers have successfully recovered last week losses and prices are now edging higher towards $600, our immediate resistance line.

Though it is positive, it’s a tall order for buyers who need to push and close above week ending Aug 12 bears candlestick before this shift of momentum is cemented.

Before then, conservative traders should take a neutral stand while risk off traders can load up longs in lower time frames with targets at $600 and later $750.

Daily Chart
Bitcoin Cash (BCH) Technical Analysis
Bitcoin Cash Daily Chart by Trading View

Like BTC and ETH, Bitcoin Cash is stable. What’s damping buyers—in a good way because of a potential under-valuation—is the fact that prices are still moving inside Aug 17 high lows. Nonetheless, recent solid moves and stacks of higher highs in the last three days is encouraging for buyers who should ramp up longs on dips in lower time frames and aim for $600—Aug 17 highs– as mentioned previously. Safe stops should be at $500, our latest intra-range support. However, should today end up bearish, then odds are BCH would edge lower in coming days cancelling our bullish stance.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: August 31, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in the medium-term outlook. Rejection to further downward price movement occurred at $525.60 in the demand area with the formation of a bullish harami candlestick pattern.

The bullish momentum was stepped up within the range and the cryptocurrency rose to $539.90 in the supply area as at close of market yesterday. Currently, the coin is up $543.90 in the supply area above the two EMAs which reflects the bulls takeover of the range.

The stochastic oscillator is in the oversold region at 26% and signal point up. Which implies upward movement in the price of the cryptocurrency in the medium-term as bullish momentum increases.

BCH is in consolidation and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout or breakdown to occur before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is still in consolidation in its short-term outlook. The strong bearish pressure from the double top formation was lost after the coin was down to $570.00 in the demand area before the close of yesterday market.

A bullish engulfing candle was an indication of the bulls return with price up to $543.90 in the supply area a few hours after today opening.

The stochastic oscillator is in the overbought region at 86% with signal up. This implies upward movement of price of the cryptocurrency in the range as the bullish pressure increases in the short-term.

BCH is ranging and trading between $569.80 in the upper supply area and at $512.60 in the lower demand area. Traders should be patient for breakout or breakdown before riding the trend.


Bitcoin Cash (BCH) Daily Price Forecast: August 30, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in the medium-term outlook. The strong bullish pressure was lost when the coin was up $570.10 in the supply area. Minor pull back to the upside occurred before the close of market yesterday with the cryptocurrency up 560.10 in the supply area.

The 4-hour opening candle at $554.60 was bearish with increased momentum. BCH is down currently at $527.50 in the demand area.

Price is below two EMAs with the stochastic oscillator at 25% and signal point down. Which implies bearish pressure within the range.

BCH is still ranging and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout or breakdown to occur before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in the range in the short-term outlook. The double top formation at the supply area dropped the coin to $544.60 in the demand area before the market close yesterday. The momentum was sustained and cryptocurrency was further down to $525.26 today.

Price is below the two EMAs crossover with the stochastic oscillator pointing down in the oversold region. This connotes bearish pressure within the range in the short-term.

BCH continues in consolidation and trading between $569.80 in the upper supply area and at $512.60 in the lower demand area. Traders should be patient for breakout or breakdown before riding the trend.


Bitcoin Cash (BCH) Daily Price Forecast: August 29, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in the medium-term outlook. The strong bullish pressure lifted the price of the cryptocurrency to $574.20 in the supply area. The bearish pinbar formation returns the bears and with momentum increased the coin dropped to $562.80 before market closes yesterday.

The bears' momentum continued at the opening of today with a drop in price to $551.40 in the demand area. Price remains above the two EMAs crossover with the 10- EMA acting as a strong support for bullish continuation.

BCH is still ranging and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout or breakdown to occur before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in the range in the short-term outlook. The strong bullish pressure was sustained with price at $574.20 in the supply area. This was a break of the upper supply area of the range at $568.80 but the candle closes inside the range before the close of yesterday market.

Further upward price movement was rejected as the formation of a bearish hammer retunes the bears. Price was down to $551.40 in the demand area within the range.

The stochastic oscillator is in the oversold region at 21 and its signal points down which implies bearish pressure in the short-term.

BCH continues in consolidation and trading between $569.80 in the upper supply area and at $512.60 in the lower demand area. Traders should be patient for breakout or breakdown before riding the trend.


Bitcoin Cash (BCH) Daily Price Forecast: August 28, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in the medium-term outlook. The strong bullish pressure continues from the $520.00 in the demand area. The cryptocurrency was up $555.00 in the supply area above the two EMAs crossover before the close of yesterday market.

A minor pullback to $541.20 in the demand area Price is above the EMA crossover down to $516.10 in the demand area below the 10-day EMA. Rejection to further downward movement is seen with the formation of a railroad after the opening 4-hour candle.

The stochastic oscillator is in the overbought region at 81% with its signal up which connotes upward movement in price of the cryptocurrency inside the range as the bullish momentum increases.

BCH is still ranging and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout to go long or breakdown to go short.

BCH/USD Short-term Trend: Ranging

The cryptocurrency continues in the range in the short-term outlook. The bulls are fully in control of the range as they drove the cryptocurrency up in the supply area before the close of yesterday market. The 10-day EMA acted as a strong support for continued upward movement of price as the bullish pressure increases within the range.

The stochastic oscillator is in the overbought region and its signal points up which is a reflection of bullish pressure in the short-term.

BCH is in consolidation and trading between $569.80 in the upper supply area and at $512.60 in the lower demand area. Traders should be patient for breakout or breakdown before riding the trend.


Bitcoin Cash (BCH) Daily Price Forecast: August 27, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in the medium-term outlook. The weak bullish pressure manages a push of the cryptocurrency to $546.70 in the supply area on 25th August.

Gravestone doji formation followed by a bearish candle returned the bear. Price was down to $516.10 in the demand area below the 10-day EMA. Rejection to further downward movement occurred as the bulls returned and the coin was up $534.70 in the supply area.

The stochastic oscillator is in the oversold region at 26% with its signal up which connotes upward movement in price of the cryptocurrency inside the range may occur as bullish momentum increases.

BCH is still ranging and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout or breakdown to occur before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency returns to the range in the short-term outlook. The week opened on a bearish at $537.00 with price down to $515.40 in the demand area.

The railroad formation on 26th August returned the bulls whose pressure has led to the coin up in the supply area as the coin ranges.

The cryptocurrency is in consolidation and trading between $569.80 in the upper supply area and at $512.60 in the lower demand area of the range. A breakout or breakdown  would occur therefore traders should exercise patience for this to occur.


Bitcoin Cash (BCH) Long-term Price Forecast: Aug 25, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $750, $850, $950.
Accumulation territories: $450, $350, $250.

This week, the market price valuation of BCH/USD has been rallying along the trend-line of the 14-day SMA. On Aug. 19, there was a feature of short upward move in the price of the crypto. Between Aug. 20 and 22, the price line fell towards a horizontal price at $496. It is obvious that this crypto is still been undervalued by the price worth of the U.S. dollar in the market trading stance presently.

Price action has been traded along the trend-line of the 14-day SMA as the recent lowest price point still remains the one obtained on Aug. 14. There is a visibly notable gap between the 50-day SMA and the 14-day SMA as the former is situated above the latter presently. Stochastic Oscillators have moved past range 20. They are now slightly pointing north. This suggests that exerting of any further trading position may be suspended for a while.

There is a tendency that this crypto may be pushed southwards further to test the lowest price point as witnessed on Aug. 14. A bullish market seems not around the corner of this cryptocurrency in the next few days as bears have been many times successful at driving down some of the upward attempts that have been made by bulls in the market. The assumption now is that both investor and trader may have to wait while the market price line is driven southwards to test the last lowest price point to decently place a long entry.


Bitcoin Cash (BCH) Daily Price Forecast: August 24, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH still remains in the range in the medium-term outlook. The bears' strong pressure seems to be fading as the cryptocurrency was only down to $512.5 in the demand area below the 10-day EMA.

The bullish railroad formation in this area gradually returned the bulls and price was up $534.90 in the supply area before the market close yesterday.

Price is above the 10-day EMA with the stochastic oscillator in the oversold region at 26% and its signal pointing up. It implies we may see upward momentum in price within the range as the bullish pressure continues in the medium-term.

BCH is consolidation and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout or breakdown to occur before taking a position

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. $512.6 in the demand area was the limit the bears could drop the coin as bearish exhaustion was seen with candles having wicks.

The bulls attempt for upward price movement paid off after the fourth touch on the broken zone at $524.40 and price was up $534.90 in the supply area. New higher highs may be seen as the bullish momentum increases in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: August 23, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH remains in the range in the medium-term outlook. The strong bearish pressure dropped the coin at $509.00 in the demand area as the market rally to a close yesterday forming a bullish spinning top.

The bulls returned raised the price of the cryptocurrency up $529.10 in the supply area before losing momentum.

Price is below the two EMAs and the stochastic oscillator is in the oversold region at 18%. It signal points down which implies bears pressure may occur within the range.

BCH is consolidation and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout or breakdown to occur before taking a position.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The strong bearish pressured broke the $524.40 of the lower demand area of yesterday analysis. Price was further down to $509.00.

The 1-hour opening candle though bullish at $536.70 could push the coin to $529.10 in the supply area but lost momentum for continued upward price movement.

The stochastic oscillator is at 49% and it signal not define but as the bears' momentum increases it may point down to reflects the downward movement of the cryptocurrency price in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: August 22, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is ranging in the medium-term outlook. The strong bullish pressure was sustained as the cryptocurrency was up $575.50 in the supply area. This occurred downward rejection in price despite the three bullish soldiers’ candles formation at $517.20 in the demand area.

Price is currently below the two EMAs with the stochastic oscillator at 51% and its signal points down. These imply downward momentum in price of the cryptocurrency as it enters the range.

BCH is consolidation and trading between $600.00 in the upper supply area and at $510.8 in the lower demand area of the range. Traders should wait for a breakout or breakdown to occur before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency enters the range in the short-term outlook. The 1-hour opening candle though bearish at $536.70 lacks momentum for further downward push hence the bulls return. The coin was up 574.80 in the supply area.

The bears' returns were immediate and price was down to $523.60 in the demand area as the cryptocurrency enters the range.

The cryptocurrency is ranging and trading between $575.00 in the upper supply area and at $524.40 in the lower demand area of the range. Patience should be exercised for a breakout at the upper supply area or breakdown at the lower demand area to occur before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: August 21, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bearish trend in the medium-term outlook. $533.20 at the lower demand area of yesterday range was broken due to strong bearish pressure. The coin was further down to $506.40 in the demand area.

The opening 4-hour candle was bullish at $513.20. The bulls’ momentum led to the retest of the broken demand price when price was up $543.20 in the supply area.

The formation of three bullish soldier candles with price below the EMAs crossover implies the bears may return and pushed the cryptocurrency further down as more candles formed and closed below the EMAs in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The strong bearish pressure broke the $540.40 of the lower demand area of yesterday analysis. The cryptocurrency further plunged down to $506.40 in the demand area before yesterday close of market.

Rejection to downward price moment occurred as wicks in the close candle couple with the bullish 1-hour opening candle returned the bulls. The price retested the broken lower demand price as the cryptocurrency was up to $543.20.

The journey south may be valid as more bears momentum increased and candles closed below the 10-EMA.


Bitcoin Cash (BCH) Daily Price Forecast: August 20, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a range in the medium-term outlook. The bullish pressure from 14th August at $476.00 in the demand area took the cryptocurrency $610.00 in the supply area on 18th August as the coin enters consolidation.

$533.90 in the demand area was the low the bears dropped the cryptocurrency after the formation of a bearish spinning top. The bulls could not hold back as the bullish pin bar pushed led to price up in the supply area.

The stochastic oscillator is at 37% and it signal points down. Which implies bearish pressure momentum in price of the cryptocurrency as the bears' pressure increase within the range.

The cryptocurrency is in a range and trading between $602.20 in the upper supply area and $533.20 at in the lower demand area. Traders should allow a breakout at the upper supply area to go long or a breakdown at the lower demand area to go short.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is consolidation in the short-term outlook. The bearish trend continuation from 18th August after the formation of a hammer dropped the cryptocurrency to $533.90 in the demand area.

Momentum was lost as the bulls pushed price back up to $583.00. The stochastic oscillator is at 23% and its signal points down which shows the bears pressure in within the range and consequent downward movement in price of the cryptocurrency in the short-term.

BCH is ranging and trading between $583.90 in the upper supply area and at $540.4 in the lower demand area. Patience will be a good strategy to adopt and allow a breakout or breakdown before taking a position.


Bitcoin Cash (BCH) Long-term Price Forecast: Aug 18, 2018

BCH/USD Long-term Trend – Bullish

Distribution territories: $750, $850, $950.
Accumulation territories: $450, $350, $250.

There has been a significant drop in the market trading value line of Bitcoin cash against U.S. dollar this week. The market trading positions began declining on Aug. 13 after reaching the high of about $594.50. On Aug. 14, the crypto further experienced more dips towards around the accumulation territory of $470. On the following, Aug. 15, the cryptocurrency resumed a corrective moving outlook in its price value.

As at now, bulls are seemingly gathering a strong momentum against the bears’ last pushing pressure in the market. Price action is currently averaging the last recent high price line obtained at about $594.50 in the market. The 14-day SMA is far located below the 50-day SMA with a wide space between them. Stochastic Oscillators have dipped into the oversold zone as they now point north below range 20. This signifies that bearish movements are gradually fading off, and bull may take over the ride of the market.

As it has been, BCH/USD may still suffer more loss in its market trading stance should the accumulation territory of $470 be breached. A break above the distribution territory of $594.50 may good to go for a stronger confirmation of an upward trend of the market. Traders may wish to join the trend, especially in an upwards direction with a sound financial guiding principle.


Bitcoin Cash (BCH) Technical Analysis: August 17, 2018

Overly, Bitcoin Cash should be on its way to the moon if we base our analysis on fundamentals. Vitalik is recommending Bitcoin Cash for payment and Bitmain’s Wormhole protocol is due for implementation gifting the platform smart contracting capabilities. Regardless, BCH is down 13 percent on a week over week basis but is recovering adding two percent yesterday. Still, we remain net bearish as long as prices are below $600.

News Highlights

Because Bitcoin is Cash, Vitalik Buterin, Ethereum’s figurehead believes cryptocurrency should dominate regular and small scale form of payment—just like cash. After all, most cryptocurrencies were created solely to act as an alternative to fiat which continues to be plagued by calls of manipulation and even flat out deliberate depreciation through hyper-inflation or attacks—refer to Iranian situation and what happened in Zimbabwe for example.In his own conclusion he said the hype element is actually threatening the blurring the main objective of blockchain—which was user case, controls and privacy. At the moment, there are more people talking about price dips than there are using the coin.

Speaking in a private event Vitalik said allowing small time spending of crypto as Bitcoin Cash is not only valuable for the specific blockchain user case but its reverberation would spread beyond that. According to Vitalik, if there is a bridge of the user case gap and more people start spending cryptocurrencies, then the over-all market would likely balloon beyond the $200 billion mark it is at the moment.

Other than these supporting remarks from Vitalik, Bitcoin Cash is right on track and sooner or later we might see the implementation of the Wormhole protocol. This protocol was first proposed by Bitmain, the ASIC manufacturer and once it is live, the platform would have smart contract capabilities allowing for tokenization of assets.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full Bitcoin Cash Weekly Chart by Trading View

As seen from the chart, there is a little bit of resistance for lower lows but that doesn’t mean our sell projections have been quashed.

In fact, these kinds of price revivals are common place and happen often after periods of extended gains or losses. In our case, Bitcoin Cash printed as high as 35 percent week over week sometimes last week but encouragingly for coin holders, losses have been contained and compared to last week, prices are steady but down 13 percent.

Needless to say, we recommend shorting on highs in lower time frames with key resistance lines at $600. The reason for this stand is clear:  BCH is trading below multi-level supports following that dip below the 12 month support trend line at around $750 and most recently that close below $600, the main support line and 2018 lows last week.

Daily Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full Bitcoin Cash Daily Chart by Trading View

The simple fact that prices are trading below our sell trigger line and main support line at $600 means our bear break out pattern set rolling by June 12 and 22 bear candlesticks is live.

Additionally, price action is now below the 30 day $250 trade range with lower limits at $600 meaning this is yet another break out trade.

Now, in line with our previous Bitcoin Cash analysis, I suggest selling on highs in lower time frames with first targets at $300 with stops at $600. Any price thrusts above $600 invalidate this trade plan.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: August 17, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in the range in the medium-term outlook. The bulls lost momentum in the supply area after pushing the coin up to $539.10 as a doji was formed. The next 4-hour was a bearish spinning top a reversal candlestick pattern which returns the bears. The cryptocurrency was down to $513.2 in the demand area before yesterday close of the market.

The 4-hour opening candle at $515.90 was bullish and price is currently up at $540.00 in the supply area of the range. The stochastic oscillator is in the overbought region at 76% and its signal is parallel which is a reflection of the current consolidation.

The cryptocurrency is ranging and trading between $560.00 in the upper supply area and at $479.80 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence traders should be patient before placing taking a position.

BCH/USD Short-term Trend: Bearish

The cryptocurrency remains in a bearish trend in the short-term outlook. The bears manage a pushed to $513.45 in the demand area after the double top formation yesterday analysis and lost momentum.

The bearish hammer formation at the demand area coupled with the bullish 1-hour opening candle at $515.90 returned the bulls.

The cryptocurrency was pushed back up to the supply area at $540.00 forming a triple top. The bears may stage a comeback and push the coin down in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: August 16, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH enters into a range in the medium-term outlook. The strong bearish momentum from the formation of a bearish inverted hammer pushed the cryptocurrency down to $502.70 in the demand area and below the 10-day EMA.

The momentum was lost as a bearish spinning top formed by the 4-hour opening candle at $511.10 returned the bulls. The bull gradually gathered momentum and pushed price to $539.10 in the supply area as the coin enters the range.

The cryptocurrency is ranging and trading between $560.00 in the upper supply area and at $479.80 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence traders should be patient before placing taking a position.

BCH/USD Short-term Trend: Bearish

The double top pattern was formed after the bullish momentum broke the trendline and pushed price up $539.10. This returned the bear.

The cryptocurrency is in a bearish trend in the short-term outlook. Although the bears had a strong pressure on price yesterday at $541.0 in the supply area and pushed the coin down to $502.70 in the demand area.

The stochastic oscillator is in the overbought region at 83% and its signal may points down anytime soon as the bearish pressure becomes strong.


Bitcoin Cash (BCH) Daily Price Forecast: Aug 15, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH continues in a bearish trend in the medium-term outlook. The bearish momentum that dropped the cryptocurrency at $477.2 in the demand area was lost as the bullish spinning top was formed. Price was pushed up to $510.0 in the supply area before the close of the market yesterday.

The 4-hour opening candle at $510.01 was bullish and price was up $526.40 in the supply area. Price is inside the 38.2 fib level a trend continuation zone. This implies that the bears may strong comeback may occur soon.

Price is below the 10-day EMA and the two EMAs are fanned apart which is a sign of bearish pressure. The overall structures still remain in favour of the bears.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The 1-hour was bullish and price was up $526.40 in the supply area. Further upward price movement was rejected as bearish spinning top a reversal candlestick pattern was formed. Price was down to $504.30 in the demand area.

The downward trendline was a strong resistance to upward movement as each touch on it result in a bounce. It implies that a bounce to the downside is probable.

The stochastic oscillator is in the overbought region at %. It implies a downward momentum in price of the cryptocurrency as the bear pressure increases.


Bitcoin Cash (BCH) Daily Price Forecast: August 14, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $800, $900, $1000
Demand zones: $300, $200, $100

BCH is in a bearish trend in the medium-term outlook. The strong bearish pressure was sustained and it broke $535.50 in the lower demand area of yesterday range.The increased bearish momentum led to a further downward movement in the cryptocurrency to 522.10 in the demand area before the market closes yesterday.

The Retest of the broken demand area with a bearish spinning top further pushed the cryptocurrency down to $471.1 in the demand area. Price was at this demand area on 1st November 2017.

Price is below the two EMAs and the EMAs are fanned apart which connotes strength in the context of the trend and in this case the downtrend. The stochastic oscillator is in the oversold region and at 15% and its signal points down which means downward momentum in the price of the cryptocurrency in the medium-term.

As the bears increased and more candle formed below the EMAs, $325.0 in the demand area may be the bears' target.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bearish pressure returned much stronger and broke $560.90 in the lower demand area of yesterday range.

Further pushed down south as the momentum increased was seen as the cryptocurrency was at $521.10 before the close of market yesterday.

The 1-hour opening candle at $531.2 was bearish and with increased pressure price was down to $471.1 in the demand area. The formation of a bullish spinning top is a signal to bullish comeback. This should be a minor pullback for a market correction before downtrend continuation.

Price is below the two EMAs and the 10-day EMA is seen acting as strong resistance against upward price movement. A flag is seen formed and this is an indication of an initial bullish move before the major bearish downward move.


Bitcoin Cash (BCH) Daily Price Forecast: August 13, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $500, $400, $300

BCH continues in the range in the medium-term outlook. $567.00 in the lower demand range of price forecast of 10th August was nicely broken. Price was further down to $536.00 in the demand area.

The formation of bullish hammer signals the bulls’ arrival and price was up 593.10 in the supply area above the 10-day EMA.

The stochastic oscillator is at 78% and its signal points up which means upward momentum in the price of the cryptocurrency within the range in the medium-term.

The cryptocurrency is consolidating and trading between $621.20 in the supply area of the upper price range and at $535.50 in the demand area of the lower price range. Traders should be patient for a breakout at the upper supply area or a breakdown at the lower demand area before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in consolidation in the short-term outlook. The bearish pressure was lost after dropping the cryptocurrency at $536.00 in the demand area.

The bulls gradually stage a comeback. With increased momentum, a large bullish engulfing candle was formed and price was up $591.40 in the supply area. Price is above the 10-day EMA with the stochastic oscillator at 62% which implies some upward movement within the range may likely occur.

BCH is ranging and trading between $595.80 in the upper supply area and at $560.90 in the lower demand area of the range. Traders should be patient and allow a breakout at the upper range or a breakdown at the lower range before taking a position.


Bitcoin Cash (BCH) Long-term Price Forecast: Aug 11, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $950, $1,050, $1,150.
Accumulation territories: $500, $400, $300.

There have been more dips on the market valuation of BCH/USD this week. Over a week and some days, this cryptocurrency has been witnessing its movements slowly downwards. The decline was intensified basically on August 8 while the strong accumulation territory of $650 was strongly breached southwards.

This crypto has been found weakened by bears as they have been fiercely exerting their selling pressures over bulls’ undervaluation market trading stance. Price has been visibly traded below the two SMAs. The 14-day SMA has intercepted the 50-day SMA from the top to point south. Stochastic Oscillators have moved into the oversold zone. Currently, they are consolidating their stance within it, and they still seemingly point south. This depicts that the selling pressure exerted by bears is still most likely in play.

Exercising of cautiousness while placing a trade may now come to play as there may soon be a more clearly definite decent direction. Bulls will have to muster up their driving capacity of the market to break upwards past the distribution territory of $900. Investors may now get set to determine their buying entry into this crypto while traders may have to wait for a strong price action to join the market especially on an uprise movement.


Bitcoin Cash (BCH) Daily Price Forecast: August 10, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $500, $400, $300

BCH continues in the range in the medium-term outlook. The bullish pressure manages a push back up to $619.40 in the supply area and lost momentum as an inverted hammer was formed.

The bearish momentum was weak hence a low of $592.50 was attained as the bulls gradually stage a comeback.

The stochastic oscillator is at 31% and its signal points up which implies that upward momentum within the range may occur as the bullish pressure becomes stronger in the medium-term. The close of candles above the 10-day EMA may occur.

The cryptocurrency is still consolidating and trading between $644.30 in the supply area of the upper price range and at $567.00 in the demand area of the lower price range.

Traders should be patient and allow a breakout at the upper supply area or a breakdown at the lower demand area before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency continues in consolidation in the short-term outlook. The increased bullish pressure ensures that the cryptocurrency was up at $620.00 in the supply area from $577.00 in the demand area. Attempt to break the upper supply range was rejected due to bears return.

The cryptocurrency was down to $606.50 in the demand area below the10-day EMA before the close of yesterday market. The bears continue the journey south as the market opened and pushed further down to $592.77in the demand area within the range.

BCH continues ranging and trading between $620.08 in the upper supply area and at $575.30 in the lower demand area of the range. Traders should be patient, either a breakout at the upper range or a breakdown at the lower range must happen thereafter a position could be taken.


Bitcoin Cash (BCH) Technical Analysis: August 9, 2018

All in all, Bitcoin is down and as expected Bitcoin Cash and other altcoins are following suit. If anything, we should be looking at how BTC reacts at key support line–$6,000 before suggesting possible trend directions at BCH. In the meantime though, we suggest selling BCH on every high now that our sell break out pattern has been validated and the bear trend resumption stage according to June 12 bears is now active following yesterday’s dip below $600.

From The News

  • Bitmain, a monopoly manufacturers of Bitcoin and Bitcoin Cash ASIC miners are planning on opening a data center and a mining facility at Rockdale, Texas. Of course, the topic of cryptocurrencies remains contentious with varying opinions especially in the US and China where Bitmain headquarters are based. Regardless, work on the $500 million facility begins in Q1 2019.
  • Boerse Stuttgart has been on the news for the better part of the year and being the second largest stock exchange in Germany after Boerse Frankfurt, their involvement in cryptocurrency is definitely good news. Not only are they making inroads by laying necessary infrastructure, but they are creating this regulated trading avenue that eliminates wallets for Bitcoin Cash, LTC or even BTC. Besides, trading via their sentiment analyzing crypto app, Bison is free of charge.
  • The supremacy wars shifts to Lightning Network (LN) proposed by the core team and zero-conf which the cash team advocates. Some claim it’s faster that LN and way cheaper but according to BCH supporters, the fact that the core team “crippled” it when they introduced 6-config shows their “malice” and impunity. However, the BTC team refutes this saying zero-conf open doors for double spending and at the end of the day the merchant would be swindled.

Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full Bitcoin Cash Weekly Chart by Trading View

Our Bitcoin Cash trading plan has been clear and recent price action confirms this position. First, with the 20 percent drop, the direct price correlation between Bitcoin and BCH has been put on the table.

Remember, Bitcoin is also down 13 percent or there about and hauling other altcoins with it. Secondly, BCH is now trading below several multi-level support line as indicated in last Bitcoin Cash (BCH) trade plans.

Note that at current spot prices, there is a whole bear candlestick trading below the 12 month support trend line as sellers retest the main support line at $600.

At this rate of depreciation, BCH prices are now below the $250 consolidation zone capping prices between $600 and $850 today and as such, we recommend short with first targets at $300 as mentioned before.

Daily Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full Bitcoin Cash Daily Chart by Trading View

In our last BCH trade plan, we had suggested selling once Aug 4 bear candlestick broke below the one month intra range support trend line.

As such, aggressive traders can now lock in some profits. In the meantime, conservatives can begin unloading with stops at yesterday’s highs at $670 now that prices are trending below $600 validating our bear break out pattern which was set in motion after that break below $850 on June 12.

First targets will be at $300.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: August 9, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $500, $400, $300

BCH is in a range in the medium-term outlook. The strong bearish pressure successfully pushes price down to $565.00 in the demand area. This was the aftermath of the SEC decision to postpone its decision on several bitcoin ETFs.

The bearish momentum gradually fades as bearish hammer a reversal candle pattern was formed at the area. Price was up $600.00 in the supply area due to the bulls gradual returned and momentum increase.

The cryptocurrency is consolidating and trading between $644.30 in the supply area of the upper price range and at $567.00 in the demand area of the lower price range. Traders should be calm and let there be a breakout at the upper supply area or a breakdown at the lower demand area before taking a position.

The stochastic oscillator is in the oversold region at 16% and its signal is parallel which means a ranging scenario in the medium-term.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in the short-term outlook. The bearish pressure was lost after dropping the cryptocurrency at $610.00 in the demand area.

Gradually bullish momentum returns and price was up $599.80 in the supply area above the 10-day EMA.

BCH is ranging and trading between $620.08 in the upper supply area and at $575.30 in the lower demand area of the range. Traders should be patient, either a breakout at the upper range or a breakdown at the lower range must happen thereafter a position could be taken.


Bitcoin Cash (BCH) Daily Price Forecast: August 8, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1100, $1200
Demand zones: $500, $400, $300

BCH continues in the bearish trend in the medium term outlook. The strong bearish pressure pushed price down to $644.60 in the demand area. The increased bearish momentum further drops the cryptocurrency down to $602.90 in the demand area.

Price is below the 10-day EMAs and the EMAs are fanned apart which implies strength in the context of the trend and in this case the downtrend.

The stochastic oscillator is in the oversold region at 7% and it signal points down which implies downward momentum in the price of the cryptocurrency as bears pressure.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in the bearish trend in the short-term outlook. The bearish pressure was sustained and price was down to $644.60 in the demand area before the close of yesterday market. The daily opening 1hour candle was bearish and the coin further down $602.90 in the demand area.

The bullish railroad formation a could not push pass $622.0 as rejection was seen around the 10-day EMA. The close of candle below the 10-day EMA will confirm the bears' return and further journey to the south.

The stochastic oscillator is in the oversold region at 16 % and its signal points down which implies downward momentum in price of the cryptocurrency.


Bitcoin Cash (BCH) Daily Price Forecast: August 7, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH continues in the bearish trend in the medium term outlook. The bulls could not push up to the 23.6 fib level of yesterday analysis due to momentum loss and the formation of both bearish spinning top and gravestone doji candlesticks pattern that signaled bears returned.

The cryptocurrency was down to $677.11 in the demand area. The bullish pinbar formation for the bulls returned never occur as the next candle was a bearish doji. This justifies bears dominance of the market.

Price is below the 10-day EMAs and the EMAs are fanned apart which implies strength in the context of the trend and in this case the downtrend.

New lows may be seen in the medium-term as bears' pressure becomes stronger that may result in candles closing below the EMA

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in the bearish trend in the short-term outlook. The bearish pressure was sustained and price was down to $684.76 in the demand area before the close of yesterday market.

The daily opening 1hour candle was bearish and the coin was down $677.11 immediately after market opening. The bullish momentum from the demand area manages a push of price to $694.21 in the supply area. This is the 38.2 fib level as you can see. This is a trend continuation zone.

The close of candle below the 10-day EMA will confirm the bears' return and further journey to the south. The daily opening price is $687.69 compared to yesterday opening of $ 711.09. This implies more sellers presence and price may see new lows in the short-term.

The stochastic oscillator is in the overbought region at 82 percent and its signal may point down as the bears return at this zone for downtrend continuation.


Bitcoin Cash (BCH) Daily Price Forecast: August 6, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH continues in the bearish trend in the medium term outlook. The strong bearish pressure dropped the cryptocurrency from $735.82 in the supply area down to $685.57 in the demand area a few pips away from the predicted $678.27.

The formation of railway track and bullish hammer at the demand area a candlestick reversal signalled the bulls’ comeback.

This led to price at $715.95 in the demand area but the bulls lost momentum as bearish gravestone doji was formed at the supply area it shows rejection in upward price.

The stochastic is in the oversold at 49 percent and signal points down which implies downward momentum in the cryptocurrency price.

A minor pullback to the 23.6 fib level may occur this should be seen as the market correction required for the downtrend continuation.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in the short-term outlook. The bulls returned due to the formation of a double bottom at $685.87 in the demand area. The cryptocurrency was up $715.46 in the supply area.

Further price upward movement at this supply area was rejected area as the bulls lost momentum. The formation of the double top in the supply area returned the bears and price was pushed below the two EMAs crossover, currently down to $691.37 In the demand area.

The stochastic oscillator is in the oversold region at 16 percent and it signal points down which implies downward momentum in price of the cryptocurrency.

As more candles formed and closed below the two EMAs, $670.50 in the demand area may be attained by the bears in the short-term.


Bitcoin Cash (BCH) Long-term Price Forecast: Aug 4, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,000, $1,200, $1,400.
Accumulation territories: $600, $500, $400.

BCH/USD has been under selling pressure by bears since the starting of this week. The selling pressure has as well been in very slow and steady motions downwards. Bears have been successively pressing harder on the market presence of bulls over a couple of weeks. It’s quite over a month that the cryptocurrency has been traded closer to both the trend-lines of the two SMAs.

As a result, it has now emanated to having the 14-day SMA to move up a bit above and closer to the 50-day SMA. Price action as well seems now to have being gradually exhausted by bears. The Stochastic Oscillators have dipped into the oversold zone. They now seemingly bent a bit to point north. This suggests that bears’ presence is getting fade in the market.

From the viewpoints of looking, this cryptocurrency will soon experience some notable degree of ranging movements in the next few days or weeks. As at this point in time, neither shorting nor longing a trading position is ideally encouraged. Therefore, investor may wait a little to come in. In a similar vein, traders may watch out for a sudden upward spike to join long entry.


Bitcoin Cash (BCH) Daily Price Forecast: August 3, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH continues in the bearish trend in the medium term outlook. The bearish pressure was much stronger and this led to a nice break of the $722.88 target of yesterday analysis. The cryptocurrency drops further down to $721.41 in the demand area before the close of yesterday market.

The bears further pushed price to $699.62 in the demand area. The formation of the bearish hammer may result in a minor bullish pullback in the medium-term.

The stochastic is in the oversold at 13 percent and signal points down which implies downward momentum in the cryptocurrency price.

$678.27 in the demand area may be retested the third times by the bears as the pressure is sustained.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in the bearish trend in the short-term outlook. $721.21 in the demand area was the point the bears drop the coin before yesterday close of the market as they kept the pressure up.

The 1hour opening candle was bearish hence further drop in price of the cryptocurrency to $699.52 in the demand area.

The 10-day EMA is acting as resistance against upward price movement.

Price is below the two EMAs and is forming lower highs and lower lows which are down trending market characteristics. As more candles formed and closed below the two EMAs more lows will be attained.


Bitcoin Cash (BCH) Technical Analysis: August 2, 2018

Other than Litecoin and EOS, Bitcoin Cash (BCH) might end up edging higher today. Already, price is stable losing two percent in the last day and reacting at the one month support trend line with a long lower wick. The log lower wick points to build up of bull momentum in lower time frame and this could propel prices above $850 today.

News Highlights

It is exactly one year since Bitcoin Cash came to existence and from a neutral’s perspective; Bitcoin Cash development has been nothing short but impressive. To understand the reasoning behind their accelerated development one must understand the root cause of all this: The failure of Bitcoin core team to implement Segwit 2x and hard fork. Since forking, we have Bitcoin Cash development community creating their own infrastructure and forking twice-and we expect more in due course. That’s not all; BCH is also the fourth largest coin by market cap.

Did Roger Ver, the Bitcoin Cash Evangelist take a subtle swipe at Ripple for their ability to freeze wallet addresses when called upon? Well, he might have. While his public apology took the crypto verse by storm, his comments about being “misled” revealed the intricacies of the crypto world. The market is understandably young and while major economies formulate fitting rules, it largely remains unregulated. The unchecked nature means several elements can abuse blockchain’s unique properties. Conversely though, Bitcoin Cash’s blockchain is a thriving environment for certain groups.

Wormhole is a smart contract and tokenization protocol that originated from Bitmain. It leverage on the recent upgrades done when the network forked to 32 MB block size and is backed by burned Bitcoin Cash. Wormhole Coins (WHC) are now tradable at CoinEx and uses their own consensus, Proof of Burn. Every time a BCH is burnt, 1000 WHC coins are released according to the Wormhole’s whitepaper.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full Bitcoin Cash Weekly Chart by Trading View

Our Bitcoin Cash (BCH) trade plan is straight forward. And we can see how this plays out from previous BCH technical analysis where we noted that prices are generally in a bear trend and syncing with May and June sellers.

While at it, there are two main support lines for our consideration. The first being that 12 month support trend line from where BCH found support and briefly accelerated. The second being $600 which represents the lower limit of our $250 trade range.  $600 is our official sell trigger and should prices edge below it, then we recommend selling with ideal targets at $350.

As visible from the weekly chart, BCH price action is trending around these key support line and for sellers to resume, then they need to edge below $600 as laid out before. If not, then we need to see a bounce above $850, triggering our longs with first targets at $1300.

Daily Chart

Bitcoin Cash (BCH) Technical Analysis
Click here to see the full Bitcoin Cash Daily Chart by Trading View

Despite ending bearish, yesterday we saw bears slowing down and reacting at the one month support trend line as the daily chart shows.

Overly, we remain bearish thanks to July 12 bear candlestick and most importantly for buyers’ failure to close above $850, triggering our longs in the process.

That meant our bear break out pattern is valid and for trend continuation we should wait for convincing follow through closing below $600 as laid out in our past Bitcoin Cash (BCH) technical analysis.

Anyway, on the reverse side, BCH buys need to build up momentum and reverse losses if at all this bear trend is to be cancelled. Targets remain the same as aforementioned.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: August 2, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH remains in a bearish trend in the medium term outlook. The bears' temporal momentum lost resulted in the bulls returned and they pushed price from $741.29 in the demand area to $772.93 in the supply area.

This supply area is the 38.2 fib level a trend continuation zone, as you can see in the chart.
Hence the returned of the bears and price was down to $758.42 in the demand area. It implies that the bullish impulsive move should be seen as retracement necessary for the market correction and downtrend continuation should resume.

The bears' momentum will further increase as more bearish candles are formed and closed below the EMAs crossover. $722.88 in the demand remain a key target of the bears in the medium term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in the bearish trend in the short-term outlook. The bulls stage a comeback and pushed price up 766.65 in the supply area from $733.60 in the demand area.

The formation of a bearish hammer returned the bears and price was down to $741.29 in the demand area below the two EMAs.

The daily opening candle was bearish at $744.14 but the bulls returned with a large engulfing candle and push price up to $772.93 in the supply area before losing momentum leading to the bears returned after the formation of bearish doji and price back on the journey to the south.

The stochastic oscillator is at 45 percent and its signal point down. It suggests downward momentum in the price of the cryptocurrency as the bears' pressure increases.


Bitcoin Cash (BCH) Daily Price Forecast: August 1, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH is in a bearish trend in the medium term outlook. The strong bearish pressure was sustained and this broke the $771.16 in the lower range of yesterday analysis. This setup cryptocurrency for a further downward journey initially to $733.60 in the demand area.

Price is below the two EMAs crossover and the EMAs area fanned apart which implies strength in the context of the trend and in this case the downtrend.

The stochastic oscillator is in the oversold region and at 12 percent and its signal is down which mean downward momentum in the price of the coin.

The bears' momentum may further increase as more bearish candles are formed and closed below the EMAs crossover. $722.88 in the demand area may be the initial target of the bears in the medium term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in the bearish trend in the short-term outlook. The bearish pressure was sustained as price made a lower low at $759.17 in the demand area before the close of market yesterday.

The bulls returned after the spinning top formation and manage a push to $777.72 in the supply area. This created a flag which was an opportunity for the bears returned.

Price was pushed down to $733.60 in the demand area below the two EMAs. The bulls are back and are creating another flag, which will bring bears to further push price down.

The 10day EMA is acting as a strong resistance to the bulls upward price movement.
Daily candle opened at $766.74 compared to yesterday opening of $811.84 which implies more sellers’ presence to further take price further down.


Bitcoin Cash (BCH) Daily Price Forecast: July 31, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH remains is in consolidation in the medium term outlook. The strong bearish pressure pushed price down to $782.75 in the demand area. This is below the two EMA crossover.

The bulls’ momentum in the range was weak with a push to $816.42 in the demand area before the bears returned again and continue the south journey.

The stochastic oscillator is at 41 percent and its signal is in parallel line which is a reflection of the ranging scenario.

BCH is still in consolidation and is trading between $832.95 in the supply area of the upper price range and at $771.16 in the demand area of the lower price range.

Patience should be exercised as a breakout from the upper price range or a breakdown at the lower price range will certainly occur. In either way, the candle should close above or below the price range as the case may be a position thereafter be taken.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bearish pressure was strong and the $807.79 in the lower range was broke with a large engulfing candle.

Price was further pushed down to $782.75 in the demand area before the close of market yesterday.

The bulls managed a comeback as the cryptocurrency was up $816.42 in the supply area. This was short-lived as the bears returned with the continuous downward push.

The stochastic oscillator is at 48 percent and it signal points down which implies further downward moment in price of the cryptocurrency.


Bitcoin Cash (BCH) Daily Price Forecast: July 30, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH continues ranging in the medium term outlook. The bearish pressure was sustained as the cryptocurrency was down to $780.51 in the demand area below the two EMAS.

The bulls returned with a large engulfing candle at this area and push price up to $841.18 in the supply area.

The stochastic oscillator is at 60 percent and its signal is pointing down. This implies downward momentum in price may occur due to bears pressure.

BCH is still in consolidation and is trading between $832.95 in the supply area of the upper price range and at $771.16 in the demand area of the lower price range.

Patience should be exercised as a breakout from the upper price range or a breakdown at the lower price range will certainly occur. In either way, the candle should close above or below the price range as the case may be before a position thereafter is taken.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in the short-term outlook. Although the day opening price was bearish at $825.61 the bulls pushed price up $838.88 in the supply area.

The formation of an inverter pinbar returned the bears. Price was down to 813.10 in the demand area.

The crypto is still in consolidation and is trading between $831.55 in the supply area of the upper price range and at $807.79 in the demand area of the lower price range.

Traders should be patient for either a breakout at the upper price range to go long or a breakdown at the lower price range to go short.


Bitcoin Cash (BCH) Long-term Price Forecast: July 28, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,100, $1,300, $1,500.
Accumulation territories: $600, $500, $400.

There have been series of lower highs and lower lows in the market price movements of BCH/USD, this week. Though, on July 24, the cryptocurrency witnessed a very slight surge in its market valuation. The slight up-rise had enabled the bulls to have pushed the price past the trend-line of the 50-day SMA a bit. On July 25, the price began a very slow correction from the last short sudden hike in price.

It is also observed that BCHUSD has been traded by the bulls and the bears around near territories where both the two SMAs are located. The 14-day SMA has moved north briefly to tightly conjoin, but yet to intersect the 50-day SMA from below. The market price has only being serially fluctuant until now. The Stochastic Oscillators have moved up to cross below range 80, and they now briefly point south. This suggests that the bearish markets are not yet convincingly done.

By the looking of every indicator, there is still every possibility of driving the market once again towards the accumulation territory of $600. And, the bullish market cannot be said to be ideally coming soon. Investors can probably wait for a while to observe decent long entries of this crypto.


Bitcoin Cash (BCH) Daily Price Forecast: July 27, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCH is ranging in the medium term outlook. The bearish pressure was strong as the second retest of $818.90 in the demand area was broken. The formation of bearish railway track increased the bears' momentum and this led to the break of the 50-day EMA with a large engulfing candle.

Price was down to $787.59 in the demand area. Price is also below the two EMAs which is a reflection of the strong bears' pressure. The stochastic oscillator is in the oversold region at 8 percent and it signal points down which implies downward momentum in price of the cryptocurrency.

BCH enters into in consolidation and is trading between $832.95 in the supply area of the upper price range and at $771.16 in the demand area of the lower price range. Patience should be exercised as a breakout from the upper price range or a breakdown at the lower price range will certainly occur and a position can thereafter be taken.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bearish pressure was sustained and the lower range was nicely broken at $820.84. This demand area now a supply area was broken with a large bearish engulfing candle.

Price was pushed further down to $787.59. Rejection to upward price movement is seen as the 10-day EMA acted as a resistance.

The stochastic oscillator is in the oversold region 18 percent and its signal will reflect the bears' pressure and points down as the bears increased their momentum down south in the short-term.


Bitcoin Cash (BCH) Technical Analysis: July 26, 2018

Straight from CoinBase announcement that claims of Bitcoin Cash insider trading were baseless to Skrill wallet supporting cryptocurrency trading, Bitcoin Cash (BCH) related news are positive to say the least. Fact is, it is even more positive for CoinBase, a trusted and regulated US cryptocurrency exchange. Though we are neutral, out bullish skew and recent BCH gains continue to boost our BCH buy confidence as we expect BCH to close above $850 by the end of the week.

From the News

Interestingly, CoinBase, the US based cryptocurrency exchange valued at more than $8 billion, is now declaring itself free of “insider trading”. It was necessary for the exchange to clear its name from the damaging accusations and even as they deal with law suits from aggrieved investors, CoinBase went ahead and hired “two well-known US Law firms” to conduct internal probes and finally address accusations of employee/contractor insider trading.

According to the CEO, the internal investigation took months and after rigorous grilling and cross checking, no employee or contractor was found to have violated the exchange’s policy to warrant disciplinary action. Of course, CoinBase is doing the right thing but the fact that it is clearing itself raises eyebrows.

For a conclusive investigation, the community wanted to see involvement of an independent third party, representatives of complaining investors and regulators. Afterwards, the exchange-which is by the way regulated-would have come forward and issue their statement.

As this is happening, Skill the popular UK based fiat digital wallet provider, will from now henceforth allows their customers to buy Bitcoin Cash and a host of other high liquid cryptocurrencies.

So far, the service would be available in 30 countries from where Skrill operates from. Account holders would be in a position to exchange fiat for BCH any time they want. The cool thing is that Skrill will keep all BCH purchases at recognized cryptocurrency exchanges.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full size Bitcoin Cash Daily Chart by Trading View

Regardless of the recent inactivity and lower lows in lower time frames, we shall maintain a bullish overview on BCH. The reason behind this preview is simple: Bitcoin Cash has a positive correlation with BTC and since it lags, we expect BCH to cover ground to correct it.

Secondly, after last week strong gains happening at strong support lines, odds are we might see a follow through this week. As a result, BCH buyers might print and close above $850, our buy trigger line as stated in our Bitcoin Cash (BCH) technical analysis and in the process ushering in bulls keen on thrusting BCH above $1000.

In the meantime though, aggressive BCH traders can begin ramping up at current spot rates and place safe stops below last week’s lows at $640

Daily Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full size Bitcoin Cash Daily Chart by Trading View

Even though BCH is trading inside a $250 consolidation, bulls seem to be in charge and following July 24 strong gains retesting $850, chances are buyers might close above $850 today. As highlighted in our previous Bitcoin Cash (BCH) trade plans, such would trigger buy activities in line with our previous Bitcoin Cash trade plan and in that case safe stops would be at $800.

However, should sellers cancel bullish propositions and instead drive prices below $740, then we shall revert to neutral and wait for sellers to close below $650 as sell pressure resumes.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: July 26, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCHUSD continues in a bullish trend in the medium term outlook. The bearish pressure managed a push to the 38.2 fib level predicted yesterday at $818.09 in the demand area. This was the first retest of the broken previous supply area now a demand area.

The bullish hammer and spinning top formation are reversal signals at this area. Further confirmation is that all this is happening at the trend continuation zone.

Price is above the 50-day and the stochastic oscillator is 63 percent with signal yet to point up. As the bulls increased their momentum and price head north the signals will reflect this in the medium-term outlook.

BCH/USD Short-term Trend: Ranging

The cryptocurrency continues ranging in the short-term outlook. The bearish pressure of yesterday analysis continued and this led to the cryptocurrency down to $818.90 in the demand area before the close of yesterday market.

The bearish hammer and the railway track are the indications to the bulls come back. Price was initially up to $849.94 but had a pullback to $828.12 in the demand area and later went up to 861.46 in the supply area.

The stochastic oscillator is at 67 percent and its signal is in a parallel line a reflection of the ranging scenario.

BCHUSD is consolidation and trading between $875.96 in the supply area of the upper price range and at $820.84 in the demand area of the lower price range. Traders should wait for either a breakout at the upper range or a breakdown at the lower range before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: July 25, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

BCHUSD is still in a bullish trend in the medium term outlook. The strong bullish pressure was sustained as price was up $877.82 in the supply area after the formation of gravestone doji.

The spinning top formation is a reversal pattern which implies a minor pullback may occur as the cryptocurrency set for another high. The pullback is necessary for the market correction for upward trend continuation.

The Fibonacci retracement shows price is in the 23.6 fib level. The bears may further push price to the 38.1. The 23.6 and 38.2 are trend continuation zones. It implies that the bulls may stage a come back around this level. Moreover, the 10-day EMA could also be a strong support for the bull's momentum at the demand area.

Price is above the two EMAs which is a reflection of the bullish pressure hence the bulls will sustain the north journey in the medium-term outlook.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is ranging in the short-term outlook. The bullish pressure continued at the opening of the market as the cryptocurrency was up $877.90 in the supply area.

This resulted in the formation of the double top a reversal pattern. The bearish railway track was a further confirmation to the bears' return. Price was pushed down, below the 10-day EMA initially at $850.36 in the demand area.

BCHUSD is consolidation and trading between $875.96 in the supply area of the upper price range and at $820.84 in the demand area of the lower price range. Traders should wait for either a breakout at the upper range or a breakdown at the lower range before flowing with the trend.


Bitcoin Cash (BCH) Daily Price Forecast: July 24, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

Bitcoin Cash is in a bullish trend in the medium term outlook. The strong bearish pressure was weak when price was down to 771.25 in the demand area as we have the formation of bullish railway track.

The cryptocurrency was up $877.54 in the supply area breaking the upper range or yesterday analysis.

The stochastic oscillator is at 78 percent and its signal points up which implies sustained bullish momentum leading to the upward price movement of the cryptocurrency.

Price is above the two EMAs crossover which is a reflection of the bullish pressure. As more bullish candles formed and closed above the crossover $900.00 in the supply area may be the bulls target in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency in a bullish trend in the short-term outlook. The bearish pressure continued at the opening of the market and pushed price down to $771.25 below the two EMAs crossover in the demand area.

The formation of gravestone doji and an inverted hammer that are reversal candlestick brought the bulls back.

With increased momentum price was up $877.54 in the supply area above the two EMAs crossover.


Bitcoin Cash (BCH) Daily Price Forecast: July 23, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

Bitcoin Cash is in a ranging scenario in the medium term outlook. The strong bearish pressure pushed price down to $739.21 in the demand area below the two EMAs. The bears' momentum became low as the formation of the bullish railroad brought the bulls back.

The bullish momentum was high as cryptocurrency price was up $833.43 in the supply area above the two EMAs.

The stochastic oscillator is in the overbought region at 78 percent its signal is in a parallel position which implies the consolidation scenario that the cryptocurrency is currently undergoing.

BCH is trading between $833.43 in the supply area of the upper price range and at $773.17 in the demand area is the lower price range. Traders should be patient to ensure that a breakout at the upper range or a breakdown at the lower range occurs before flowing with the trend.

BCH/USD Short-term Trend: Ranging

The cryptocurrency in consolidation in the short-term outlook. The daily candle opens bearish at $807.17 and price down to $784.79 in the demand area.

The formation of the bullish spinning top return the bulls whose momentum drove price to $834.18 in the supply area. The bears returned as inverted hammer a reversal candle pattern was formed at the supply area.

BCH is ranging and trading between $824.15 in the supply area of the upper range and $803.34 in the demand area of the lower range. Patiently waiting for a breakout at the upper range or breakdown at the lower range will be a good strategy before placing a trade.


Bitcoin Cash (BCH) Long-term Price Forecast: July 21, 2018

BCH/USD Long-term Trend – Bullish

Distribution territories: $1,100.00, $1,300.00, $1,500.00.
Accumulation territories: $600.00, $500.00, $400.00.

The market capitalization of BCH/USD witnesses a degree of appreciation in its price line value this week. The cryptocurrency began to rise on July 15, and the price continued to rise up to around the distribution territory of $900.00 on July 18. A few hours, the pair was seen slightly reversing southward around the 50-day SMA’s trend line until now. The bears appear not to have completely succumbed to the current market bullish trend.

The Bitcoin Cash is now contending with the breaking or moving the recent market price line past the 50-day SMA’s trend-line. The 14-day SMA is now slantingly bent northward below the 50-day SMA. Price has been traded between the small space of the two SMAs. The Stochastic Oscillators have risen northbound to touch range 80, but they are now crossed to point south. This denotes that care must be exercised about taking further long entries at this point in time.

Presently, the critical price line point that this cryptocurrency may find hard to breach past for a long time is seen at the immediate accumulation territory of $600.00. Additionally, temptation can come into play if the accumulation territory is eventually and strongly broken, but the bulls will probably use the point as a comeback re-entry. In that wise, traders may possibly look out for decent long entries coupled with good financial guiding principles always.


Bitcoin Cash (BCH) Daily Price Forecast: July 20, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

Bitcoin Cash is in a bearish trend in the medium term outlook. The strong bearish pressure was sustained and the lower demand area of yesterday range at $800.91 was nicely broken. Price was further down to $771.84 in the demand area due to the bears increased momentum.

Price made a touch at the 50.0 fib level below the 10-day EMA with a long bearish candle. This implies that the bears are still committed to a continuous journey down south.

The stochastic oscillator is in the oversold region at 21 percent its signal is pointing down which implies that we may see more downward momentum in price of the cryptocurrency.

The formation of more bearish candles and subsequent closing below the two EMA may likely see price down at the 61.8 fib level ($746.95) in the medium-term. Should we have the bearish candle close below the 61.8 fib level, the 100 fib level ($660.90) will be the bears' next target.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend in the short-term outlook. The bears continue their firm control of the market as they pushed price down to $804.86 in the demand area before the close of market yesterday.

The daily opening candle was a gravestone doji and the bulls manage a move of price up to $830.10 in the demand area before the bears returned and pushed to a new low at $771.95 in the demand area.

Price is below the two EMAs and it is forming lower highs and lower lows that bear market characteristics.

The bears' target may be $729.96 in the demand area in the short-term.


Bitcoin Cash (BCH) Technical Analysis: July 19, 2018

Regardless of Bitcoin Cash FUDs, BCH is still charting higher and on a weekly basis, this medium of exchange coin is up 19 percent according to our metrics.

Technically, thanks to this week’s rejection of lower lows, we might see further gains next week despite claims of inactivity at Bitcoin Cash’s GitHub and centralization calls from BitPico.

From the News

CoinSmart is a Canadian based cryptocurrency exchange that wants to take out the “cryptic” out of crypto. By that, they want to make crypto trading-whether depositing, withdrawal or trading-easy for entry level or experienced traders.

The exchange calls them the crypto curious lot and in place they have tools that would simplify the process of submitting their annual tax fillings. Like we saw early this year, the declaration by most governments that cryptos are securities and profits are subject to capital tax makes filling tax returns difficult and tedious. However, by listing several coins including Bitcoin Cash and availing a Tax Time Reporting tool, it would be easier going forward.

In other news, there are claims that Bitcoin Cash protocol development is alarmingly slowing down. What most critics do forget that is that most of BCH developments do happen outside the protocol. Besides, the core team is constantly repaying the technical debt thanks to their acceptance of Segwit.

Then again, development is accelerated due to their own technical bottlenecks resulting from block size limitation and commitment of ensuring Lightning Network (LN) work. LN is still in beta, yes, but already it is facing a lot of criticism and the requirement for transacting on the off chain layer may after all be an obstacle.

On the flip side, Bitcoin Cash technically flourishing. Proposals of colored coins, Bitmain’s Omni layer protocol concept and even smart contracts on top of the Cash chain is but a big plus.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full size Bitcoin Cash Weekly Chart By Trading View

Unless there is a drastic change in the bull script, odds are this week will end on a high. That result, we project, would print a nice bullish engulfing candlestick lifting Bitcoin Cash from the main support zone of $600.

From previous analysis, this region of support was important and if we take a look at it keenly then we notice that $600 is a multi-level zone of interest. First, it’s the main inflection point of that 11 month support trend line and secondly, it represents 2018 lows. That’s why it continues to anchor our analysis because should we see a strong close below it then most likely bears will drive BCH to the dredges at $300.

In any case though, this week’s candlestick sets the tone for probably gains next week and even Q3 reversing May and June losses.

Daily Chart
Bitcoin Cash (BCH) Technical Analysis
Click here to see the full size Bitcoin Cash Daily Chart By Trading View

As it stands, sellers are attempting to reverse gains rejecting thrusts past $850-our main bull trigger line-and this is common.

Note that this pattern usually happen following such kind of up thrusts like we saw on July 16 and 17 and as long as price action is trending within $720 and $850, we remain bullish. For our bulls to be valid, BCH traders must wait until prices close above $850.

Thereafter, they can either execute longs at market price or wait for $850 retests and aim for $1300, our first bull target.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: July 19, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

Bitcoin Cash is in a range in the medium term outlook. The strong bearish pressure retested the critical demand zone at $816.87 that was mentioned in yesterday forecast and broke it. The long bearish engulfing candle drops the cryptocurrency further down at $802.60 in the demand area.

Price is below the 10-day EMA with no reversal candle formation meaning the bears pressure is sustained. Moreover, price is around the 38.2 Fibonacci retracement levels.
The pullback is normal and is necessary for the market correction.

The stochastic oscillator is at 32 percent its signal is pointing down which implies that we may see downward momentum in price of the cryptocurrency as the bears continue the journey south.

The cryptocurrency is ranging and trading between $834.42 in the supply area of the upper price and $800.91 in the demand are of the lower price range. Traders should be patient and allow a breakout at the upper price range for a long position of a breakdown at the lower price range or a short to ride the ride.

BCH/USD Short-term Trend: Bearish

The cryptocurrency in a bearish trend in the short-term outlook. The bearish momentum was high as the price broke the trendline and pushed price down to $802.63 in the demand area.

The daily opening candle was a doji but the bears pushed price down to $804.33 in the demand area.

Price is above the two EMAs which is an indication of the bearish pressure. A flag is seen been formed which may lead to the bears strong come back to continue to push price down south.


Bitcoin Cash (BCH) Daily Price Forecast: July 18, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1100, $1200
Demand zones: $600, $500, $400

Bitcoin Cash continues in a bullish trend in the medium term outlook. The strong bullish pressure broke the critical support zone at $816.87. Further upward price movement due to the increased bullish momentum saw the cryptocurrency at $888.02 in the supply area.

The price is above the two EMAs crossover and the EMAs are fanned apart which implies strength in the context of the trend and in this scenario it is the uptrend. Likewise, the 10-day EMA was a strong support as you can see.

Price is now above the two EMAs crossover, which implies strong bullish pressure which may lead to more bullish candles formed and closed above the crossover.

The stochastic oscillator is in the overbought region and at 86 percent its signal is horizontal which implies a sustained trend. The bulls are favoured to continue to push the coin further up north.

BCH/USD Short-term Trend: Bullish

The cryptoasset remains in a bullish trend in the short-term outlook. They maintain control of the market as a new high of $873.03 in the supply area was attained yesterday. The bearish railway track has little effect as the bears lost momentum.

The daily opening candle was bullish $843.89 and price was pushed further up $888.02 in the supply area before the bears gradually set in. The formation of an inverted hammer was an indication of a trend reversal and price was down briefly to $854.08 in the demand area.

Price is above the 10-day EMA which is an indication of the bullish pressure.

The horizontal trendline is a good support area. Each time price touches it result in a bounce. Should we have a pullback to the trendline we should expect a bounce to the upside that will give new higher high in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: July 17, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $900, $950, $1000
Demand zones: $600, $550, $500

Bitcoin Cash is in consolidation in the medium term outlook. $811.13 in the supply are was the new high the coin made due to the bullish pressure that took price from $717.63 in the demand area.

Further price upward movement was rejected as this supply area with the formation of an inverted hammer and with a doji. Price was down to $781.66 in the demand area.

The stochastic oscillator is in the overbought region at 84 percent with its signal pointing down. This means that we may see downward movement in the price of the crypto in the medium-term.

The cryptocurrency is trading within $816.35 in the supply area of the upper price range and $773.44 in the demand area of the lower price range. Traders should be patient at this period for either a breakout at the upper price range for a long position or a breakdown at the lower price range for a short position.

BCH/USD Short-term Trend: Ranging

The cryptoasset is ranging in the short-term outlook. The bullish pressure from $717.36 in the demand area pushed price up $810.51 in the supply area and gradually becomes weak.
The bears returned and pushed price down to $781.66 in the demand area. Below the 10-day EMA.

The cryptocurrency is consolidating and trading within $804.98 in the supply area of the upper price range and $773.62 in the demand area of the lower price range. A breakout or breakdown is coming so traders should be patient for this to occur before ridding the trend.


Bitcoin Cash (BCH) Daily Price Forecast: July 16, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash continues in a bullish trend in the medium term outlook. The bullish strong pressure was sustained as price was above the 10-day EMA making a high of $731.20 in the supply area.

The downward trendline was nicely broken as you can see from the chart. It was the fourth touch on the line that led to a breakout as the bullish momentum was high. The minor pullback by the bears drops the coin at $715.36 in the demand area before the bulls returned.

The bulls returned with a large engulfing candle pushing price to a fresh high. As at the time of writing price was up $769.97 in the supply area.

Price is now above the two EMAs crossover, which implies strong bullish pressure which may lead to more bullish candles formed and closed above the crossover.

BCH/USD Short-term Trend: Bullish

The cryptoasset remains in a bullish trend in the short-term outlook. The bulls takeover was further justified as price remains above the two EMAs crossover after a high of $730.77 in the supply area.

The minor pullback to $715.36 in the demand area by bears was needed for a market correction. The formation of railway track at this demand returned the bulls whose high momentum further pushed the cryptocurrency to $783.09 in the supply area as at the time of writing.

Price is forming higher highs and higher lows that are unique to the bullish market. The cryptocurrency may give new highs as upward movement in price resulting from bullish momentum.


Bitcoin Cash (BCH) Long-term Price Forecast: July 14, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,200.00, $1,400.00, $1,600.00.
Accumulation territories: $500.00, $400.00, $300.00.

The price value of the US dollar moves its trading positions slightly tougher against the Bitcoin Cash’s market price valuation, this week. The cryptocurrency was last week seen slowly appreciating in value as paired with the US dollar. It had been noted that the appreciation strength worth was not intense; hence, the reason for the bears to have had the driving force that brought the market price line down once again close to the recent last lowest price value that occurred on June 29, last month.

As at present, the price action has been dangling below the 14-day SMA for the past few days. The 50-day SMA is located above the 14-day SMA with a small considerable gap between them. This signifies cautious action taking for now. The Stochastic Oscillators have moved southbound, and now seemingly crossed below range 20 to point northwards. This suggests a probable point or the beginning of an upward movement.

The bearish market may still be given the pride of driving down this cryptocurrency to test the accumulation territory of $600.00. The bullish market is expected to make use of any strong reversal from a bearish movement in the market to muster up its capabilities of opposing the bears’ force. The interest is still kept alive in the looking for taking long entries of this cryptocurrency while the opportunity comes up.


Bitcoin Cash (BCH) Daily Price Forecast: July 13, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $900, $950, $1000
Demand zones: $600, $550, $500

Bitcoin Cash returns bullish in a bearish trend in the medium term outlook. The flag formed resulted in the strong bearish momentum. The bears' pressure pushed price down to $660.93 in the demand area.

Price was at this same demand area on 23rd June. The bullish momentum is gradually building up as price was push up to $705.64 in the supply area with a large bullish engulfing candle.

Price is now above the 10-day EMA, which implies bullish pressure will be seen in the medium-term.

The stochastic oscillator is at 65 percent. Its signal is pointing up which implies upward movement in price of the coin will occur.

BCH/USD Short-term Trend: Bullish

The cryptoasset is back in a bullish trend in the short-term outlook. After dropping the coin at $660.90 in the demand area at the early market opening, the bearish momentum gradually fades and the bulls return.

Price was pushed up to yesterday supply area at $705.64. This is above the two EMA crossover. Triple top formation return the bears for a pullback. The EMAs are acting as a strong support against bears pressure for downward price movement.

The stochastic oscillator is in the overbought region 84 percent. The signal not down. This implies that momentum to the downside is absent and further upward push in the price of the coin may occur in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: July 12, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $900, $950, $1000
Demand zones: $600, $550, $500

Bitcoin Cash is in a bearish trend in the medium term outlook. The bears continue their control of the market as the cryptocurrency was down to a fresh low at $671.47 in the demand area.

The rejection of upward price movement due to the bullish pressure occurred at $708.19 in the supply area. Which resulted in the bearish high momentum that created the fresh lower low.

The formation of flag due to the bears' minor pullback is important. Flags are a market correction for previous trend continuation. Hence, we are likely to see strong bearish pressure pushing price further down in the medium-term.

The stochastic is in the oversold region and at 12 percent. Its signal is pointing down which connotes downward movement in price of the coin.

BCH/USD Short-term Trend: Bearish

The cryptoasset continues is in a bearish trend in the short-term outlook. The bullish momentum at the opening that pushed price to $708.19 in the supply area faded away at the 50-day EMA. This acted as a strong resistance against further upward price movement.

The bears took over at this supply area and pushed the coin down to $671.47 in the demand area. You can see that the 10-day EMA likewise was a strong resistance to upward price movement.

The stochastic oscillator is in the oversold region at 15 percent. The signal not up. This implies that momentum to the upside is absent and further downward push in the price of the coin may occur in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: July 11, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash is in a bearish trend in the medium term outlook. The bears continue the journey south as bullish upward rejection was seen at $700.40 in the supply area.

Despite the doji and hammer, reversal patterns that were formed the bears' pressure were strong keeping price on a downward movement.

Price is below the two EMAs crossover and the EMAs are fanned apart which implies strength in the context of the trend and in this case the downtrend.

The stochastic oscillator is in the oversold region at 11 percent and it signal points down which implies we may witness a further downward journey in the cryptocurrency price as the bears' pressure increases.

BCH/USD Short-term Trend: Bearish

The cryptoasset is in a bearish trend in the short-term outlook. The bullish momentum was not enough to push price above $700.80 in the supply area despite the formation of reversal candles of dojis and bullish pinbar. Neither could it pass above the 10-day EMA.

The bears came in at the opening of the market and pushed the cryptocurrency initially to $683.24 in the demand area and later to $682.24.

Daily opening price was $697.62 compare to yesterday opening of 740.90 which means that more sellers are in the market. As they take positions the cryptocurrency may see another lower low.

The stochastic oscillator is at 48 percent. The signal points down. This implies further downward push in the price of the coin may occur in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: July 10, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash returns to the range in the medium term outlook. The bearish pressure was strong as it broke the lower demand area at $717.68 of yesterday range. Price was pushed to a fresh demand area at $689.19. This was the first touch of price after the coin broke out on June 30th.

The pullback due to the bears' pressure shows that price is at 78.6 fib level a strong reversal zone. The bullish comeback may be expected at that zone.

The stochastic oscillator is in the oversold region at 9 percent and it signal points down which implies downward momentum in the cryptocurrency price.

BCH/USD Short-term Trend: Bullish

The cryptoasset is in a bullish trend in the short-term outlook. The bulls had a good ride at the opening with price pushed high up to$76.04. The formation of an inverted hammer a reversal candlestick pattern returned the bear.

The strong bear pressure pushed the cryptocurrency down to $682.20 in the demand area.
The Bullish hammer and three doji were formed at this demand area an indication that the bulls are back. Moreover, wicks are seen below the candles formed, this is a sign of exhaustion of the bears' momentum.

The stochastic oscillator is in the oversold region at 17 percent. The signal is pointing not define. This suggests that a clears direction is imminent in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: July 9, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash is ranging in the medium term outlook. The bearish pressure forced the cryptocurrency down to $707.14 in the demand area over the weekend. The effort for a further downward push was rejected as the formation of a bullish pin bar brought the bulls back.

Price as up $781.91 in the supply area due to the bullish momentum. Four dojis and a hammer were formed around the $770.00 area which implies indecision. The bearish candle that was formed after gave control to the bears and price was down to $736.88 in the demand area below the 10-day EMA.

The stochastic oscillator is at 61 percent and it signal points down which implies downward momentum in the cryptocurrency price.

The coin is ranging and trading between $775.13 in the supply area of the upper price range and at $717.68in the demand area of the lower price range. Traders should be patient and wait for a breakout from the upper range to go long or a breakdown at the lower range to go short.

BCH/USD Short-term Trend: Bullish

The cryptoasset is in bullish trend in the short-term outlook. The upper trendline acted as a strong support for bullish takeoff. July 7th was the first touch and the bulls took price up to$781.19 in the supply area.

The second touch on the line is where we are currently. A bounce to the upside is may occur with the cryptocurrency likely to retest $781.19 supply area.

The stochastic oscillator is in the oversold region at 23 percent. The signal is pointing up. This suggests upward momentum in the cryptocurrency price as the bulls keep the pressure up in the short-term.


Bitcoin Cash (BCH) Long-term Price Forecast: July 7, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,300.00, $1,500.00, $1,700.00.
Accumulation territories: $500.00, $400.00, $300.00.

Unlike last week, Bitcoin Cash sees an increase in its market price worth as paired with US dollar this week. The US dollar had been able to counter mostly some of the Bitcoin Cash’s upward pushing attempts in the previous weeks. On June 30, this crypto asset suddenly began witnessing an up-rise that engulfed the previous falling prices of about three days. The rising movement continued until July 3, while on July 4 till now, the pair has been witnessing a ranging movement.

The price action has also been traded along the 14-day SMA’s trend-line. The bulls have relatively taken up the greater driving strength more than the bears’ action in the present price movement. The 50-day SMA is situated above the 14-day SMA with a notable gap between them. The Stochastic Oscillators have moved well above range 20, but now lightly points southbound. This indicates that caution needs to be exercised to determine the next line of price action.

The expectation is high on side of further seeing the current market financial status of this pair is being pushed northward sooner than later. On the backside, the bears can possibly still drive the market backward to test the last lowest price point, or a bit beyond. Whilst that eventually happens, it’s a greater window of buying opportunities for both the traders and the investors. But the traders should always apply a sound financial management guide while placing their trades.


Bitcoin Cash (BCH) Daily Price Forecast: July 6, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash is in bullish in the medium term outlook. The bears were strong as they broke the $739.02 in the demand area of the lower price range of yesterday analysis. The cryptocurrency was down to $697.92 in the demand area. This area is the 61.8 fib level.

The 61.8 and 50.0 are trend reversal zone. The bullish return may occur at this area. The formation of a pinball followed by a bullish candle is a pointer to the possible bulls return and change in trend.

The stochastic oscillator is in the oversold region at 21 percent and its signal points up which implies some upward momentum in price movement of the cryptocurrency may occur as the bulls gradually increase their momentum.

The structure of the cryptocurrency is that of head and shoulder pattern. As you can see the right shoulder is developing around the 61.8 fib level for a possible rise to 4784.00 in the supply area in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptoasset is in bullish trend in the short-term outlook. The bears' momentum and pressure broke the lower price range in the demand area at $739.02 of yesterday analysis and pushed price further down to $697.92.

The formation of a hammer, a reversal candle indicated the bulls are gradually retuning candle. The bullish momentum was strong so a breakout from the downward trendline occurred as you can see.

Price was pushed up to $738.06 in the supply area. A retest of the point of breakout i.e $619.0 in the demand area is expected before the journey up north could commence.

The stochastic oscillator is at 51 percent with signal pointing up. This suggests upward momentum in the cryptocurrency price movement as the bulls keep the pressure up in the short-term.


Bitcoin Cash (BCH) Technical Analysis: July 5, 2018

Bitcoin Cash Reaping “Fluidity Benefits”

Cryptos have a hype element and sentiment often sway price sometimes by large margins. At the moment, Bitcoin Cash proponents are upbeat for good reasons. Their transactions are up while CoinEx, a Bitcoin Cash based exchange, account holders can reinvest their free money elsewhere.

From the News

There is a miracle happening for users at CoinEx. You don’t come across this as often as you would like but with account holders getting free money from Air drops, there is excitement out there. Some are even connecting this crypto “helicopter money” of some sorts to the recent spike of Bitcoin Cash transactions. It’s up from previous 40k to 100k and even if it’s half of what BTC normal day transactions, we can’t just brush it off.

This is a significant improvement bearing in mind that Bitcoin Cash, though using the same tech and blockchain as the core, has gone that extra mile to implement new features and wallets staying ahead of competition.

Just so you remember, it even had to come up with replay protection mechanism which otherwise would have rendered Bitcoin Cash useless. What’s encouraging is the sweet realization that we might have some sort of Bitcoin Cash undervaluation relative to Bitcoin as statistics show. The former current spot price is around a tenth that of Bitcoin but as we have seen, it handles about half of what Bitcoin does in a normal day.

That’s screams value and a reason to reciprocate Bitcoin Cash efforts of educating the community straight from scratch. In the long term, we anticipate to see a scenario where “nature” will take its own course and replace rigidity with fluidity. Bitcoin Cash has been fluid thus far with the effect of rigidity has played out negatively at core’s LN.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart
Bitcoin Cash BCH Weekly Chart July 5
Click here to see the full size Bitcoin Cash BCH Weekly Chart July 5

Despite the strong waves of sell pressure, Bitcoin Cash is technically bullish. We would like to refer to this year’s events as the much needed correction. It continues to cool the overheating we saw in late 2017.

Now, here is the thing: $600 is a key support line and lies squarely at the base of that main support line. If sellers break below that level then odds are, Bitcoin Cash sellers would better aim for $300 as we have reiterated before. However, bearing in mind the way prices have been reacting at $600 and the resultant pin bar last week, buyers seems to be jumping in.

The only way that would be supported is if this week ends up bullish completing a three bar Morning Star reversal pattern.

Daily Chart
Bitcoin Cash BCH Daily Chart July 5
Click here to see the full size Bitcoin Cash BCH Daily Chart July 5

Hinting at a bull revival is what the daily chart shows. Here our safe stops are at $650 and as it stands, convincing buy signals will only happen once we see bulls pushing above $850, our immediate resistance line.

This applies for those who are yet to trade but plans to. Wait in the sidelines until that condition is met because any move below $600 cancels this hawkish forecast.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: July 5, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash is ranging in the medium term outlook. The bullish pressure that pushed price up to $809.82 in the supply area was lost as the bears' return.  This is due to the formation of bearish pinbar a reversal candlestick pattern around the 38.2 fib level.

Efforts by the bulls for upward price movement was rejected at the 23.1 fib level ($787.23).

The cryptocurrency is ranging trading between 787.23 (23.1 fib level) in the supply area of the upper price range and $739.02 (50 .0 fib level) in the demand area of the lower price range.

The stochastic oscillator is at 33 percent and it signal points down which implies downward momentum in price movement will occur due bears pressure.

Patience should be exercised trading the consolidation to allow for a breakout at the upper price range for a long position or breakdown at the lower price range for a short position.

BCH/USD Short-term Trend: Ranging

The cryptoasset is in consolidation in the short-term outlook. The bullish pressure at the opening of today's’ market could not hold as the bears' strong pressure pushed price down to$ 752.56 in the demand area.

The doji and hammer formation return the bulls and price up $784.86 in the supply area before another bear return with price down to $757.89 in the demand area below the two EMAs crossover.

The cryptocurrency is trading between $787.23 in the supply area of the upper price range and $739.02 in the demand area of the lower price range.

The stochastic oscillator is at 20 percent with signal pointing down. It implies some downward momentum in the cryptocurrency price movement in the short-term may occur.

Traders should be patient trading the range to allow either a breakout from the upper price range or a breakdown at the lower range before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: July 4, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash remains in bullish trend in the medium term. The bears' pressure was relatively strong as we saw price pushed to $737.25 in the demand area. The bulls made a return as the candle close above the 50-day EMA.

The bears' current activities are normal pullback necessary for market correction. As u can see that the demand area is the 50.0 fib level. The 50 and 61.8 fib level are important trend reversal areas.

In the context of an uptrend, we should expect a bullish return at the 50 or 61.8 fib level.
The stochastic oscillator is at 42 percent and it signals pointing down which implies downward momentum in price movement due to bears pressure.

Traders should be careful about selling the cryptoasset as the bulls may stage a strong comeback very soon.

BCH/USD Short-term Trend: Ranging

The cryptoasset is in consolidation in the short-term outlook. The bears' pressure at the opening of today's’ market push price down to $737.25 in the demand area.

The formation d bullish hammer, a reversal candle pattern return the bulls whose momentum increased made the cryptocurrency witness upward movement in price to $761.59 in the supply area.

The cryptocurrency is trading between $772.89 in the supply area of the upper price range and $741.81 in the demand area of the lower price range. The stochastic oscillator is in the overbought region at 52 percent with signals not define.

Traders should be patient trading the range to allow a well define trend either after a breakout from the upper price range or a breakdown at the lower range before taking a position.


Bitcoin Cash (BCH) Daily Price Forecast: July 3, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1050, $1100
Demand zones: $600, $550, $500

Bitcoin Cash resumes in bullish trend in the medium term. The bearish pressure became weak as price was down to $720.35 in the demand area. This is as a result of the bullish spinning top a reversal candle formed at this area, that returned the bulls to the market.

The bullish pressure was strong leading to upward movement in price of the cryptocurrency to $796.73 in the supply area, breaking the high of last week. This brought price above the two EMAs crossover.

A minor flag was formed due to the bears' pressure but was subdued by the bulls as the drive price further high to $830.29 in the supply area.Price is forming higher highs and higher lows that are characteristics of a bullish market.

The stochastic oscillator is in the overbought region at 82 percent and it signals are not pointing down which implies upward momentum in price movement due to bulls pressure may be seen in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptoasset returns to bullish trend in the short-term outlook. The bullish momentum was high at the $725.20 in the demand area as bullish railway track was formed after the consolidation. This resulted in a bullish breakout with an engulfing candle and making a high of $796.76 in the supply area before the close of market yesterday.

The daily opening candle was a bullish hammer at $785.83, with the bullish momentum increased the cryptoasset made a fresh high of $830.29 this was higher than last week high.

The stochastic oscillator is in the overbought at 78 percent with signals pointing down, it suggests downward momentum in price of the cryptocurrency may occur but this should be seen as a pullback for uptrend continuation.


Bitcoin Cash (BCH) Daily Price Forecast: July 2, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $900, $950, $1000
Demand zones: $600, $550, $500

Bitcoin Cash continues in bearish trend in the medium term. The pullback by the bulls that occurred over the weekend pushed the cryptocurrency to $745.79. The momentum could not be sustained.

Moreover, the close of price below the 50-Day EMA is an indication of the bears are back. The bears' pressure pushed price down initially to $724.91 in the demand area. The bulls came in briefly and drove price up to $727.68.

Currently, the cryptoasset is down at $720.35 in the demand area as at the time of writing with a potential of making lower lows.

The stochastic oscillator is at 54 percent and it signals points down which implies downward momentum in price movement due to bears pressure in the medium term.

BCH/USD Short-term Trend: Bearish

The cryptoasset continues in bearish trend in the short-term outlook. The bull momentum that occurred at the opening of the market took price to $745.79 was lost as a bearish gravestone doji was formed in the supply area.

The bearish pressure pushed price back down to $724.21 in the demand area below the two EMAs.

The stochastic oscillator is at 38 percent with signals pointing down, it suggests downward momentum in price of the cryptocurrency as the bears’ pressure increases.


Bitcoin Cash (BCH) Long-term Price Forecast: June 30, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,500.00, $1,700.00, $1,900.00.
Accumulation territories: $500.00, $400.00, $300.00.

The USD dollar has been considerably appreciated against the Bitcoin Cash, this week. This crypto asset still experienced further a major decline in its market price value. This occurred on June 24 but shortly reversed northward. On the following day, the market worth was slightly ranging southwards until June 29. Today, June 30, a short bullish engulfing Japanese candlestick has occurred below the 14-day SMA trend-line.

The bears have been having the greater advantage of the market as the bulls have been consistently making failing attempts. The 14-day SMA seems to be the retarding point for price reversal of the digital asset. The 50-day SMA is located above the 14-day SMA currently. The Stochastic Oscillators have dipped into the oversold zone, but now closely moving below range 20. This suggests that the bears’ actions are getting weaker.

The market valuation of this crypto asset may possibly still be driven southbound after testing or a bit breaching the 14-day SMA trend-line. The bulls need to build up solid momentum around the current price point or a bit below it to eventually make a better northbound headway in the market. Would this assertion eventually come to play, doors to buying entries will be opened.


Bitcoin Cash (BCH) Daily Price Forecast: June 29, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $900, $950, $1000
Demand zones: $600, $550, $500

Bitcoin Cash continues in bearish trend in the medium term. The bears kept the momentum up as they pushed price to $679.84 in the demand area, ending yesterday session lower than the previous day.

The opening candle was bearish at $682.61 compared to yesterday opening of $708.31. This implies more sellers presence and pressure to further facilitate downward movement of the cryptocurrency.

$655.32 in the demand area seems to be a strong support for the bullish move as efforts by the bears to break it was rejected. It implies a minor upward move may occur but should be seen as a pullback for downtrend continuation.

Traders should look out for bearish candles reversal pattern before riding down. $604 in the demand area may be retested by the bears in the medium-term.

The stochastic oscillator is in the oversold region at 19 percent and it signals undefined, we may see it pointing up soon due to the strong support for a bullish upward price movement for the pullback before trend continuation.

BCH/USD Short-term Trend: Bearish

The cryptoasset continues in bearish trend in the short-term outlook. The high bearish momentum dropped price as the market opens from $683.27 in the supply area to $647.39 in the demand area.

The bulls are gradually gaining momentum as they pushed price to $666.27 in the supply area but lost ground to the bears due to the formation of bearish railway track.

The stochastic oscillator is at 49 percent with signals pointing up, it implies that we may see upward momentum in price movement of the cryptocurrency in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: June 28, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $900, $950, $1000
Demand zones: $600, $550, $500

Bitcoin Cash remains in bearish trend in the medium term. The double bottom of yesterday analysis did return the bulls. The strong bullish pressure led to price been pushed up to $723.37 in the supply area.

The bullish momentum was a pullback for trend continuation as mentioned in yesterday analysis as the bears returned strongly. The formation of railway track serve as confluence confirmation the bears presence.

Price is below the two EMAs which indicates sellers’ presence and pressure to further take price south.

The stochastic oscillator is in the oversold region at 25 percent and it signals points down which implies the further downward momentum in price of the cryptocurrency in the medium-term as the bear increases extend their control of the market

BCH/USD Short-term Trend: Bearish

The cryptoasset continues in bearish in the short-term outlook. The bulls made a strong comeback from $687.84 in the demand area and pushed price up $723.37 in the supply area above the 10-day EMA.

The double top formation, a reversal pattern, returns the bears. $689.24 in the demand area was price the bears pushed cryptocurrency.You can see the 10-day EMA acting as a strong resistance to price upward movement.

The stochastic oscillator is in the oversold region at 19 percent and it signals point down which implies that we may see more downward momentum in price movement of the cryptocurrency in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: June 27, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $900, $950, $1000
Demand zones: $600, $550, $500

Bitcoin Cash continues in it bearish trend in the medium term. The bears' high momentum pushed price down to $684.35 in the demand area. This was the area the cryptoasset got to on June 24th as you can see from the chart.

The formation of the double bottom pattern is playing out. It implies that minor bullish pressure may occur for upward movement of price. This should be seen as a pullback necessary for the market correction for downtrend continuation. A good reversal candle pattern is needed to further confirm the bulls intention just as we had a doji on June 24th.

The stochastic oscillator is in the oversold region at 22 percent and it signals points down which implies the downward momentum in price of the cryptocurrency in the medium-term as the bearish pressure and presence increases.

BCH/USD Short-term Trend: Bearish

The cryptocurrency in bearish in the short-term outlook. The flag formation mentioned in yesterday analysis did justify downtrend continuation. the bears' strong pressure pushed price further down with a large bearish engulfing candle. This is despite the bullish candle formed at the opening of the market.

$684.45 in the demand area was the initial price the bears dropped the cryptocurrency as the momentum reduces. The bulls are gradual back pushing price up.
The 10-day EMA is seen as a strong resistance to the upward bullish movement.

The stochastic oscillator is in the oversold region at 15 percent and it signals point up which implies that we may see some upward momentum in price movement of the cryptocurrency in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: June 26, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1150, $1100
Demand zones: $700, $650, $600

Bitcoin Cash is in bearish trend in the medium term. The bulls had a brief momentum pushing price to $756.54 in the supply area before it gradually fades. The formation of bearish hammer brought the bears back that push price below the 10-day EMA.

$734.82 was the initial demand area the bears pushed price and currently down to $715.92 in the demand area.

Price is below the two EMAs. This suggests strong bearish pressure.

The stochastic oscillator is at 72 percent and it signals points down which implies the downward momentum in price of the cryptocurrency in the medium-term as the bearish pressure and presence increases.

BCH/USD Short-term Trend: Bearish

The cryptocurrency in bearish in the short-term outlook. The bearish momentum was strong as they pushed price down to $742.09 in the demand area.

Flag is seen formed from the demand area. Flags are pullbacks for trend continuation. This indeed played out as the bears came back strong and pushed price down to $715.92 in the demand area.

The stochastic oscillator is in the oversold region at 25 percent and it signals point down which implies downward momentum in price movement of the cryptocurrency.


Bitcoin Cash (BCH) Daily Price Forecast: June 25, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1150, $1100
Demand zones: $700, $650, $600

Bitcoin Cash is in bullish trend in the medium term. The bulls successfully moved price from $666.40 in the demand area to $778.0 in the supply area. They briefly lost momentum to the bears who pushed price down to $735.18.

Price is above the 10-day EMAs. This suggests bullish pressure.

The stochastic oscillator is at 77 percent and it signals points up which implies the upward momentum in price of the cryptocurrency in the medium-term as the bullish pressure and presence increase.

BCH/USD Short-term Trend: Bullish

The bulls are in control of the cryptocurrency in the short-term outlook. The two EMA is seen acting as a strong support against downward movement of price occasion by the bears' pressure.

The bearish engulfing candle formed was counter by the next  bullish hammer on the chart which simply indicates bearish rejection and the presence of the bulls for price good move to the north.

The stochastic oscillator is at 48 percent and it signals point up which implies upward momentum in price movement of the cryptocurrency.


Bitcoin Cash (BCH) Long-term Price Forecast: June 23, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,500.00, $1,700.00, $1,900.00.
Accumulation territories: $500.00, $400.00, $300.00.

Bitcoin Cash still suffers a significant selling pressure as paired with the USD dollar, this week. BCH/USD as noticeably resumed the decline in value dated back to the sudden fall that occurred on June 10. Afterward, the crypto asset resumed into ranging move between June 11 and June 21. On the following day, the bears were once again able to push the market worth southwards.

The last time that the pair experienced the lowest price value was on April 6. The 14-day SMA is below the 50-day SMA. The two SMAs are still seen bent slightly toward south. The Stochastic Oscillators have dipped into the oversold zone but are now oscillating closely below range 20. This implies that the bearish trend is getting weaker slowly.

The bears tend to still have the element of denying the bulls of the chance of making any significant headway in the current market bearish trend. Any strong notable signal for the bulls to successfully dabble back into the market will have to be supported by a long bullish Japanese candlestick. Investors can stay watchful of the market happenings for a while to detect good buying price value of the crypto asset. But, traders can continue trading along the bearish trend while it is convincingly and safely deemed fit to exert the action with sound financial guides.


Bitcoin Cash (BCH) Daily Price Forecast: June 22, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1150, $1100
Demand zones: $700, $650, $600

Bitcoin Cash is bearish in the medium term. The bears successfully broke the $857.00 in the demand area of the lower price range of yesterday consolidation. The bearish strong pressure dropped price as low as $735.10 in the demand area.

Although the bulls had an initial run as the market opened but was rejected at the 10-day EMA for further upward movement. This brought the bears back with a greater momentum that led to price dropped at $735.10 fresh demand area.

Price is below the two EMAs and the two EMAs are fanned apart. These suggest further bearish pressure.

The stochastic oscillator is in the oversold region and at 17 percent which implies downward momentum in price of the cryptocurrency in the medium-term.

BCH/USD Short-term Trend: Bearish

The bears are in control of the cryptocurrency in the short-term outlook. The daily opening candle was bearish and at $869.03 as against yesterday opening of $882.26.This implies strong bearish pressure.

As you can see that the flag formation was obvious. Initial demand area at $840.07 had a minor bullish move that created the flag before the bears came back and push price down to $790.00 in the demand area. The formation of bullish railway track made another retracement but was resisted at the 10-day EMA before another bearish downward move.

The stochastic oscillator is in the oversold region and it signals pointing up which implies upward momentum in the movement of the cryptocurrency.


Bitcoin Cash (BCH) Technical Analysis: June 21, 2018

Week over week, Bitcoin Cash is up three percent gaining two percent in the last 24 hours. This is positive largely because of yesterday’s BitHumb hack that threatened to shift sentiment against cryptos as BCH. Overly, it’s likely that this week might push above $1,000 and end as a double bar reversal pattern founding a spring board for buyers aiming for $1,800.

From The News

Apparently, it seems like the Winklevoss Twins are striking milestones and with the award of the latest patent that would be the seventh in the last seven months. Of course, they are aggressive and as seasoned investors, they are obviously staking their wealth on this crypto gold mine.

The latest patent they received on June 19 was an Exchange Traded Product. From it we could see the details of the fund and the method of issuance of ETP shares. As you may be aware, ETP or even ETF are a unique form of tradable securities whose share prices depend on other investment products. Since these are crypto ETPs, issued shares would depend on the prices of cryptos included in the fund. They may be Bitcoin, Bitcoin Cash, Ethereum and a host of other cryptos determined by the company tasked with creating that ETP.

Regardless of the current market sentiment, it’s no doubt that any form of crypto investment from the big boys-ultra high wealth individuals and institutions would buoy the crypto markets. That’s what we have repeatedly reiterated but there is no way they can invest if authorities continue to blast cryptos as unsecure and volatile assets unworthy of investment.

Gemini is regulated and with the patent reward okaying this ETPs, it’s only a matter of time Winklevoss Twins ETP concepts are applied and these desired investors find a gateway of putting their money in cryptos like Bitcoin Cash. Bitcoin Cash main objective is to be a medium of exchange as Satoshi Nakamoto wanted Bitcoin to be and with protocol improvements, it’s likely that Roger Ver will be a coin to reckon in the future.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart
Bitcoin Cash (BCH) Weekly Chart for June 21
Click here to see the full size Bitcoin Cash (BCH) Weekly Chart for June 21

If we place a Fibonacci Retracement Tool between April’s high low then we realize that not only are BCH prices find support at our key support line, but they are also rejecting lower lows at an important Fibonacci retracement line. That’s at the 78.6 percent level which in other ways means current BCH prices are down 80 percent from April highs.

It’s definitely a deep correction but the good thing is that BCH buyers are getting in and three days before the week conclude and prices are trending within last week’s high lows. Like before, the past seven weeks candlesticks are short covering because the average volumes are low when compared to those of April. At that time, it averaged 250K. Now, here’s the thing. If this week close above $1000 or last week’s high then that would be a double bar reversal pattern straight at an important Fibonacci retracement level and might even form the basis of higher highs in the weeks to come.

Daily Chart
Bitcoin Cash (BCH) Daily Chart for June 21
Click here to see the full size Bitcoin Cash (BCH) Daily Chart for June 21

Even though we are in some sort of stagnation going by the latest candlestick, our buy trade plan remains valid. Our mid-range buy triggers stand at $1000, a round number while sellers would be back in trend should we see depreciation below our initial first bear target and support at $850. At the moment, we wait and see what happens to price action and if our upside triggers would be hit or if bears would resume and perhaps push price to $650.

Author: Dalmas N


Bitcoin Cash (BCH) Daily Price Forecast: June 21, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1150, $1200
Demand zones: $800, $750, $700

Bitcoin Cash is still ranging in the medium term. The cryptocurrency is trading between $906.70 in the supply area and $831.20 in the demand area. The bulls successfully moved price from $869.60 in the demand area to the $906.07 in the supply area.

The bulls momentum gradually fades as the formation of a bearish doji signals a reversal in trend. Hence the bears return that is currently pushing price south.

Price is currently below the two EMAs which implies strong bears pressure.

The stochastic oscillator is at 33 percent and its signals point down. This is an indication of downward momentum in price movement due to the bears' pressure.The lower demand area of the range may be the bears target in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bullish run witnessed at opening of the market could not be sustained as a result of strong resistance at $901.30.The bears' pressure pushed price below the two EMAs and down to $865.21 in the demand area.

Daily candle opened bearish at $882.26 compared to yesterday opening of $889.23. Which means that we have more sellers on ground to further take price down south.

The stochastic oscillator is approaching the oversold region with signals pointing down which implies downward momentum in the movement of price of the cryptocurrency.


Bitcoin Cash (BCH) Daily Price Forecast: June 20, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1150, $1200
Demand zones: $800, $7500, $700

Bitcoin Cash is still consolidating in the medium term. The bears' pressure was strong as price was down to $861.41 in the demand area. They lost momentum to the bulls in this area. The bulls were able to push price high up to $904.50 the upper supply area of the range.

The bears may likely come in from this area with increased momentum and push price back to the demand. $904.60 in the supply area still remains the upper price range while $857.00 in the demand area is the lower price range.

The stochastic oscillator is at 55 percent has moved from the overbought region going to the oversold. Its signals point down which imply downward momentum in price of the asset in the medium-term.

BCH/USD Short-term Trend: Bullish

Bitcoin Cash is in a bullish trend in the short-term outlook. The formation of large engulfing candle above the two EMAs crossover is a confirmation to the bullish pressure.

The stochastic oscillator is approaching the overbought region with it signals pointing up which implies upward momentum in the movement of price of the cryptocurrency as we may see more bullish candles formed above the EMAs crossover.


Bitcoin Cash (BCH) Daily Price Forecast: June 19, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000, $1150, $1200
Demand zones: $800, $7500, $700

Bitcoin Cash is consolidating in the medium term. The bears and the bulls are in contention for control of the market. The bears indeed retested the $819.00 demand area predicted yesterday. While the bulls strong comeback at this area pushed price high up to $926.10 in the supply area.

The bears came in from this supply area and are taking price down south again. The cryptocurrency is trading between $904.60 in the supply area and $857.00 in the demand area.

A good strategy that gives maximum profit may be considered by traders as the pair ranges.

The stochastic oscillator is in the overbought region at 81 percent. Its signals point down which imply downward momentum in price of the asset in the medium-term.

BCH/USD Short-term Trend: Bearish

The pair continues in a bearish trend in the short-term outlook. The formation of a bearish pinbar in the supply area after price peaked at $926.61 announced the bears' return. They pushed price lower to $882.30 in the demand area below the 10-day EMA.

The stochastic oscillator signals point down which implies downward momentum in the movement of price of the asset just as more bearish candles may be formed below the 10-day EMA in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: June 18, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1150, $1200
Demand zones: $800, $7500, $700

Bitcoin Cash is in bearish trend in the medium term. The bears continue their control of the market as they pushed price down from $860.80 in the supply area to $829.72 in the demand area. The bulls came in from this area and push price to the $842.11 supply area and the bears returned back . The bears are currently pushing price south.

The stochastic oscillator is in the oversold region at 28.7 percent. Its signals are pointing down. This implies downward momentum in the movement of the price of the cryptocurrency.

As more bearish candles are formed and closed below the 10-day EMA, the bears may likely retest $819.00 in the demand area in the medium-term

BCH/USD Short-term Trend: Bearish

The pair continues in a bearish trend in the short-term outlook. The formation of a doji below the 10-day EMA after the opening of the day market confirms the strong bears' pressure. Price was pushed from $842.00 in the supply area to $813.10 in the demand area.

Efforts by the bulls to push high was seen rejected by the bears. Price is making lower highs and lower lows that are common with downtrend markets.
The formation and closing of bearish candles below the 10-day EMA will justify the bears' control and further move to the downside.


Bitcoin Cash (BCH) Long-term Price Forecast: June 16, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,500.00, $1,700.00, $1,900.00.
Accumulation territories: $500.00, $400.00, $300.00.

It has been a tough week for the BCH markets so far, with the price of the asset having significantly falling. The BCH markets have been hovering below the distribution territory of $1,000.00 after making the third point of contact with a descending trend-line from all-time price high in 2018 on Monday.

Price action has been traded a bit separately below the trend-line of the 14-day SMA. The 50-day SMA is above the 14-day SMA. The both SMAs are a bit bent southwards. The Stochastic Oscillators have dipped into the oversold zone. This suggests that the bears seem not taking the hold of the market strongly at the moment.

The Bitcoin Cash markets are yet to retest the prior local accumulation territory of $600.00. Immediate price action appears to be getting set for a modest bounce off the key price area that shows confluence below the market horizontal trend-line of $1000.00. Traders are expected to be cautious of taking short positions with this asset but are presumably better advised to watch out for long decent entries. Investors can possibly do indifferently.


Bitcoin Cash (BCH) Daily Price Forecast: June 15, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1150, $1200
Demand zones: $800, $7500, $700

Bitcoin Cash continues its bearish trend in the medium term. The bears set in after upward price movement by the bulls that saw the pair at $905.00 in the supply area.

The formation of bearish hammer followed by a bearish candle indicates the bear strong pressure. This is further confirmed as the next candle formed was bearish below the 10-day EMA.

The stochastic oscillator is at 67 percent with it signal pointing down. This implies downward momentum in the price of the cryptocurrency in the medium-term.

BCH/USD Short-term Trend: Bearish

The pair is still in a bearish trend in the short-term outlook. The bulls made a good run from the $830.00 in the demand area after yesterday low and pushed price high to $905.61 in the supply area. The bulls lost momentum as they failed to push to the $930.00 in the supply area.

The bears came in and pushed price down below the two EMAs crossover. More bearish candles may likely be formed below the crossover as the bears increased their pressure for a possible retest of $830.00 of the demand area.


Bitcoin Cash (BCH) Daily Price Forecast: June 14, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $1000, $1150, $1200
Demand zones: $800, $7500, $700

Bitcoin Cash continues its bearish trend in the medium term. The bullish run that started yesterday after the formation of a doji from $814.10 in demand area came to end with the formation of another doji at $874.95 in the supply area.

The bears' pressure from the supply area has been pushing price down south. Currently, price is below the 10-day EMA, which implies strong bearish pressure.The stochastic oscillator is 37 percent but may be rejected for further upward momentum as the bears increase their pressure on the cryptocurrency pair

Daily opening price was $826.14 compared with yesterday opening of $863.61. This simply means that more sellers area present in the market that buyers
The bear may retest $795.00 demand area again.

BCH/USD Short-term Trend: Bearish

The pair is in a bearish trend in the short-term outlook. The bulls were able to push price up to the supply area with a large engulfing candle but lost momentum to break past the resistance at $870. The bears thereafter return and push price down and below the 10-day EMA.

The stochastic oscillator has left the overbought region and at 45 percent. It signals points down. This implies downward momentum in the price of the pair as the bears increase their presence and pressure. The demand area at $820.00 may likely be the bears.


Bitcoin Cash (BCH) Daily Price Forecast: June 13, 2018

BCH/USD Medium-term Trend: Bearish

Supply zones: $950, $1000, $1050
Demand zones: $800, $750, $700
The asset is in a downtrend in the medium-term. The bears increased pressure led to the break of the lower demand area of yesterday range. They  pushed price to $849.16 in the demand area.
The bulls return was not strong enough they only manage a push to the supply area at $879.42. The bears' return was stronger as they pushed price further lower to a new demand area of $827.42.
Stochastic oscillator is in the oversold region at 13 percent. Its signal is still down shown no sign in view for a momentum shift. It implies that the downward momentum will continue as the price of bitcoin cash continue to go further south.

BCH/USD Short-term Trend: Bearish

Bitcoin Cash continues in a bearish trend in the short-term outlook. You can see from the chart that price is making lower highs and lower lows that are down trending market characters.
Rejection to the upward movement of price is seen at the 10-day EMA. Daily opening price was $863.61 compared to yesterday opening of $922.40. It implies that more bears are present in the market for further price push to the south.

Bitcoin Cash (BCH) Daily Price Forecast: June 12, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1000.00, $1150.00, $1200.00
Demand zones: $850.00, $800.00, $750.00

The asset is ranging in the medium term. The asset is trading between $949.58 of upper supply area and $889.07 of the lower demand area. The bulls succeeded in breaking past the upper range and took price to $966.93 in the supply area but the bears brought price back inside the range. The formation of Pinbar, a reversal candlestick pattern, at the upper supply area, is an indication of the bears' pressure. Stochastic oscillator is in the oversold region but is crawling which implies the consolidation scenario that is happening in the pair.

BCH/USD Short-term Trend: Bearish

Bitcoin Cash is in a bearish trend in the short-term outlook. The bullish pressure pushed price up to $966.33 in the supply area after the formation of a bearish pinbar at $894.22 in the demand area. The bears returned after formation of two inverted hammer at the supply area and pushed price below the 10-day EMA. The stochastic oscillator is at 35 percent and its signals point down which implies downward momentum. As bears pressure increases and more bearish candles formed below the 10-day EMA, the demand area at $894 may be retested.


Bitcoin Cash (BCH) Daily Price Forecast: June 11, 2018

BCH/USD Medium-term Trend: Bullish

Supply zones: $1000, $1150, $1200

Demand zones: $850, $800, $750

The asset is in a bullish trend in the medium term. The bears' strong momentum and increased pressure led to the breaking of many critical demand zones and in particular  the $1100.00 last week analysis as the bears' target. Price retested this demand area and made a long journey down south at $889.00 demand area. This is the second time price would be touching this area. The first was on May 29th as you can see from the chart. This is a critical demand area and bullish comeback was noticed on May 29th when price was in this area. The asset is favoured to repeat this same scenario. The stochastic oscillator is in the oversold area and its signal is pointing up. This implies upward momentum. You can see wicks in the candles at this demand area. This is an indication of exhaustion of bears pressure. $949.56 supply area seems to be a barrier to the bulls but as their presence and pressure increase this will likely be broken by the bull. The journey to $1007.00 supply area may be achieved sooner than expected in the medium-term.  

BCH/USD Short-term Trend: Bullish 

Bitcoin Cash is in a bullish trend in the short-term outlook. The bears' strong pressure resulted in the break of key demand zones. Price settled at $889.10 in the demand area. The bullish comeback is seen as price was pushed to $975.42 supply area, but was pushed back by the bears. This resulted in the formation of a double bottom pattern at this demand area. This is a reversal pattern and the bulls are back to take price further up. As the bulls increase their momentum and pressure more candles may likely be formed above the 10-EMA. The journey to the north may have started, for the asset as a repeat of  May 29th  scenarios.


Bitcoin Cash (BCH) Long-term Price Forecast: June 9, 2018

BCH/USD Long-term Trend – Bearish

Distribution territories: $1,500.00, $1,700.00, $1,900.00.
Accumulation territories: $800.00, $600.00, $400.00.

BCH/USD still has bearish trend outlook as there has been no strong notable rise against the USD dollar. On May 28, the pair declined in market value towards the accumulation territory of $850.00. On the following day, a short-bullish Japanese candlestick was formed and it gave the bulls the strength to push the market value northward to touch the distribution territory of $1,200.00. Afterward, the pair has been precisely experiencing choppy movements in the market trend, this week.

Both the bear and the bull’s price actions have been inactive for the past few days. The 14-day SMA is below the 50-day SMA but a slight northward bent has been observed on the 14-day SMA trend-line as price has slightly breached northward past the 14-day SMA trend-line. The Stochastic Oscillators have moved northward closely to the range of 80. And, they are now consolidating their direction below the range.

The market value can possibly be driven slightly towards the accumulation territories of $850.00 or $750.00 in the next few days. The bulls can now probably get ready for the driving force of the market direction. Traders should be cautious of following any eventual bearish movement of this asset as they can be lured into fake short entries.


Bitcoin Cash (BCH) Daily Price Forecast: June 8, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1150, $1200, $1250

Demand zones: $1000, $950, $900

The asset continues ranging in the medium term. The bears' pressure within the range is more pronounced than the bulls. They kept pushing price down after each bullish candle formation. The stochastic oscillator is past the overbought region now and the signal points down. This implies downward momentum. It means the bears' pressure may increased thereby pushing price further south. The journey to the lower demand area of the range may have started. The first target of the bears may likely be the 50-day EMA at $1100.00.

BCH/USD Short-term Trend: Bearish

Bitcoin Cash continues to show a bearish trend in the short-term outlook. The pair broke the trendline and retested it as analysed yesterday as you can see from the chart. The first take target of the bears was nicely achieved at the $1127.00. Price is hovering around this area currently. As more sellers take a position and their pressure increases a break of the demand area may occur. The demand area at $1104.00 may likely be the bears' next target.


Bitcoin Cash (BCH) Daily Price Forecast: June 7, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1150, $1200, $1250

Demand zones: $1000, $950, $900

The asset is ranging in the medium term. The bulls had some momentum that got price to the upper supply area of the range at $1169.43 from the demand area at $1092.59. They lost the momentum at the supply area as the bear set in. The formation of a doji, a reversal sign confirms the journey to the south. The bears are really bent in taking the market south as the rejection to the bullish railway track was seen as the new candle show the bears pressure. The stochastic oscillator is in the overbought region and the signal have crossed. As the bears increase their pressure and presence in the market, the bears' target may be the demand area at $1046.46 in the medium term.  

BCH/USD Short-term Trend: Bearish 

Bitcoin Cash is bearish in the short-term outlook. The pair rose to the supply area at $1160.76 early today as the bulls had light momentum. The bears came in after upward rejection of the bullish move and pushed price down. The asset had made three touches on the trendline. The fourth touch is expected to lead to a breakdown and price may go south after a retest of the trendline. Stochastic oscillator is at 45 percent and its signals point down. This implies downward momentum. The bears' first demand area may be $1127.00 after which we may see the pair at $104.25 demand area in the short-term.


Bitcoin Cash (BCH) Daily Price Forecast: June 6, 2018

BCH/USD Medium-term Trend: Ranging

Supply zones: $1150, $1200, $1250

Demand zones: $1000, $950, $900

The asset is ranging in the medium term. The bullish momentum that pushed price from the demand area at $1062.41 to the supply area at $1158.04 was lost. The bears gradually set in and push price down south to the demand area at $1093.00. The bears' target may likely be the demand zone at $1062.00 area. Price is below the 50-day EMA. As long as there is a rejection of the upward move at this EMA the bears will always be in control within the range. The pair is trading between the upper supply area at $1158.00 and the lower demand area at $1062.00. Patience will be a good strategy to adopt trading within the range.

BCH/USD Short-term Trend: Ranging

 

Bitcoin Cash is currently ranging in the short-term outlook. The pair is trading between the upper supply range at $115804 and the lower demand are at $1093.28. Although price is above the 50-day EMA and stochastic oscillator is at 60 percent. It implies that bullish activities will be seen within the range as the battle for market control between the bulls and the bears continues. Trading consolidation requires patience. This is necessary to flow with the trend as it breaks out from the upper supply area or breaks down at the lower demand area.


Bitcoin Cash (BCH) Daily Price Forecast: June 5, 2018

BCH/USD Medium-term Trend: Bearish 

Supply zones: $1150.00, $1200.00, $1250.00

Demand zones: $1000.00, $950.00, $900.00

The asset continues its bearish trend in the medium term. The strong bearish momentum that pushed the asset from the supply area at $1210.80 to the demand area at $1071.80 seems to get stronger. Although the bulls were able to push price at this demand zone to the supply area at $1125.00, the bears returned much stronger and pushed price further down to the $1047.00 demand area. This is a retest of the area by the asset, the first been June 2nd.

Price is below the 50-day EMA with a bearish candle on the 10-day EMA. This is a reflection of the bears' pressure. Daily candle open at $1116.67 against yesterday opening at $1176.60 which means more sellers are presently in the market. The bears may continue their dominance of the market in the medium term as more bearish candles formed below the two EMA.

$1000.00 may be the bears' initial target for the asset.  

BCH/USD Short-term Trend: Bearish 

The bears are in charge of the short-term outlook of the asset. Price was rejected for the upward move at the 10-day EMA as shown in the chart. This is as a result of the bears' pressure that started with the engulfing bearish candle on June 4th in the supply area at $1174.43. The candle closed below the 10-day EMA. The stochastic oscillator is heading to the overbought with its signal pointing down. This means downward momentum in price as the bears' pressure increases in the short-term.


Bitcoin Cash (BCH) Long-term Price Analysis: June 3, 2018

BCHUSD Long-term Trend – Bearish

Distribution territories: $1,600.00, $1,800.00, $2,000.00.
Accumulation territories: $800.00, $600.00, $400.00.

Bitcoin Cash like many other digital currencies paired against the USD dollar has been witnessing a significant decline in value. Barely a month ago, had the pair managed to rise northward a bit above the distribution territory of $1,500.00. BCHUSD began visibly falling on May, 7 while a Japanese top shadow candlestick occurred in the trend. The bears are having stronger strength over the bullish driving force of the market.

As at now, price is averaging towards the distribution territory of $1,200.00. The 14-day SMA has crossed the 50-day SMA from the top but not too far as the price action has breached the trend-line of 14-day SMA northward. The Stochastic Oscillators have crossed and moved above the range 20 and are now pointing northwards. These are indications that the bears are getting weaker.

There can still be slight downward movements in the market worth of the asset. The bulls are expected now to begin gaining strength against the bears’ movement in the market value. Investors and traders can probably be on the lookout for a decent reversal of bearish movement to enter a long trade.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research