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BTC/USD Crypto Signal

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Yesterday’s signals were not triggered as none of the key levels were reached yet.

Today’s BTC/USD Signals

Risk 0.75% per trade.

Trades may only be entered before 5pm Tokyo time Friday.

Long Trades

  • Long entry at a bullish price action reversal on the H1 time frame following the next touch of $3,804.
  • Put the stop loss 1 pip below the local swing low.
  • Move the stop loss to break even once the trade is $50 in profit by price.
  • Remove 50% of the position as profit when the trade is $50 in profit by price and leave the remainder of the position to run.

Short Trades

  • Short entry after a bearish price action reversal on the H1 time frame following the next touch of $3,876 or $3,969.
  • Put the stop loss 1 pip above the local swing high.
  • Move the stop loss to break even once the trade is $50 in profit by price.
  • Remove 50% of the position as profit when the trade is $50 in profit by price and leave the remainder of the position to run.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

BTC/USD Analysis

I wrote yesterday that I still thought that the best approach was to be bullish once the price had got above $3,875 for a while or bearish once $3,804 broke down convincingly and I also thought that there is more potential on the downside than the upside.

This approach would have avoided trouble and is still valid and actionable as the price continues to consolidate, both between the key levels already identified and within a narrowing triangle which is drawn in the price chartbelow.

The price needs a breakout on high volatility and when it eventually comes it should be worth riding it.

BTC

Regarding the USD, there is nothing of high importance due today

 

source:fxstreet

Bitcoin Cash

Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

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  • Daily price chart is floating below the SMA 200, SMA 50 and SMA 20 curves.
  • The RSI indicator is trending around 39, next to the oversold zone.

BCH/USD daily chart

fxsoriginal

BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. The Moving Average Convergence/Divergence (MACD) indicator has reversed its momentum from bearish to bullish, while the Relative Strength Index (RSI) indicator is trending around 39. The 20-day Bollinger jaw has narrowed, showing decreasing price volatility.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Source: fxstreet

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on December 6, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 205. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on December 6, 2019

As part of the Bitcoin Cash forecast, a test of level 215 is expected. Where can we expect an attempt to continue the fall of BCH/USD and the further development of a downward trend. The purpose of this movement is the area near the level of 185. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 198.

Bitcoin Cash (BCH/USD) forecast and analysis on December 6, 2019

Cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​225. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on December 6, 2019 implies a test level of 215. Further, it is expected to continue falling to the area below the level of 185. The conservative area for selling Bitcoin Cash is located area of 198. Canceling the option of falling cryptocurrency will be a breakdown of the level of 225. In this case, we can expect continuation growth.


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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on December 5, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 206. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on December 5, 2019

As part of the Bitcoin Cash forecast, a test of level 212 is expected. Where can we expect an attempt to continue the fall of BCH/USD and the further development of a downward trend. The purpose of this movement is the area near the level of 182. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 218.

Bitcoin Cash (BCH/USD) forecast and analysis on December 5, 2019

Cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​235. This will indicate a change in the current trend in favor of the bullish for BCT/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on December 5, 2019 implies a test level of 212. Further, it is expected to continue falling to the area below the level of 182. The conservative area for selling Bitcoin Cash is located area of 218. Canceling the option of falling cryptocurrency will be a breakdown of the level of 235. In this case, we can expect continuation growth.

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