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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on June 27, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 481. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Bitcoin Cash (BCH/USD) forecast and analysis on June 27, 2019

As part of the Bitcoin Cash forecast, a test level of 470 is expected. Where should we expect an attempt to continue the growth of BCH  SD and further development of the upward trend. The purpose of this movement is the area near the level of 523. The conservative area for buying of Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at 465.

Bitcoin Cash (BCH/USD) forecast and analysis on June 27, 2019

Cancellation of the option to continue the growth rate of Bitcoin Cash will be the breakdown of the area of ​​the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and closing of quotations of the pair below the 440 area. This will indicate a change in the current trend in favor of a bearish for BCH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on June 27, 2019 implies a test level of 470. Further growth is expected to continue to the area above the level of 523. The conservative area for buying Bitcoin Cash is located area of 465. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 440. In this case, we should expect a further fall.

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 311. 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 middle border of the Bollinger Bands indicator.

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019

As part of the Bitcoin Cash forecast, a test of level 325 is expected. Where should we expect an attempt to continue the fall of BCH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 240. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 365.

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019

Cancellation of the option to continue the decline in Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​375. This will indicate a change in the current trend in favor of bullish for BCH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019 implies a test level of 325. Further, it is expected to continue falling to the area below the level of 240. The conservative area for selling Bitcoin Cash is located area of 365. Canceling the option of falling cryptocurrency will be a breakdown of the level of 375. In this case, we can expect continuation growth.

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BTC dip end is near: Approaching oversold conditions

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Currently down 33% from its yearly high, Bitcoin still has some room left to fall. With momentum approaching oversold conditions, we today look at our 2016 comparison from last week to see if the similarities are still in play. This is the BTC analysis for 17 July 2019

Highlights:

– We look at 2016 comparison again

– Daily RSI approaching oversold conditions

– $10,000 resistance

– $8,400 main target

Starting with the 2016 price action chart to get a quick overview of RSI, we can see that after every heavy uptrend, momentum reached oversold condition by falling below 40.

BTC/USD chart provided by Tradingview

Moving back to today’s price action, we can see that BTC has had its heavy uptrend, which means we now have to wait for oversold conditions before we can expect new yearly highs. RSI is still making lower lows and lower highs, which tells us that BTC can still all further.

Currently RSI is pointing up on the daily, which could indicate that we will see an increase in price today, perhaps to test the nearest resistance, which looks to be like $10,000. 

If we instead see momentum keep falling today, we would then see a break of $9200 support and possibly see BTC fall further down to our main target area of $8,400 for this larger retracement.

A dip in price to $8400 would surely bring the RSI down below 40 and perhaps even below 30, which will be the signal that BTC is oversold and that it is ready to move back up to make new yearly highs.

BTC/USD chart provided by Tradingview

Lastly, taking a look at the 15min chart for a better overview of today’s price action, we can see that the dip of this past week has not had proper divergence. This means that we should still expect another dip is on the way, to form a new low on price, but a higher low on RSI. With momentum currently looking like it wants to make a turn back to 30 RSI, could indicate that we will soon see BTC decline in price and make its way towards $8400.

BTC/USD chart provided by Tradingview

Do you agree that BTC is close to finding the bottom for this decline and mirroring 2016 RSI structure, or will the falling momentum take us further down than we expect this time? Let us know what you think in the comments below!

Disclaimer: Keep in mind this not investment or trading advice, just the opinion of our analysts. As always, do your own research, make your own decisions.

Source: chepicap

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on July 16, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 282. 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 bands.

Bitcoin Cash (BCH/USD) forecast and analysis on July 16, 2019

As part of the Bitcoin Cash forecast, a test of the level 310 is expected. Where should we expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 200. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 370.

Bitcoin Cash (BCH/USD) forecast and analysis on July 16, 2019

Cancellation of the option to continue the decline in Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of ​​380. This will indicate a change in the current trend in favor of bullish for BCH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on July 16, 2019implies a test level of 310. Further, it is expected to continue falling to the area below the level of 200. The conservative area for selling Bitcoin Cash is located area of 370. Canceling the option of falling cryptocurrency will be a breakdown of the level of 380. In this case, we can expect continuation growth.

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