iq option
promotion

Banx broker
Advertisement
Share
View previous topicGo downView next topic
avatar
IQ_Option
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Bitcoin Cash Weekly Analysis

on Thu Nov 30, 2017 10:45 am
After the cancellation of the Segwit2x, the first hard fork of Bitcoin, Bitcoin Cash, took a massive leap and caught the attention of everyone. But unlike most of the coins available today in the market, Bitcoin Cash didn’t perform so well this week. With over $23 billion in market cap, the token is the third largest coin on the market today, without any contender hovering around it.

Key Highlights

  • Against USD, BCH is on a bearish run and is struggling to find support around $1325
  • BCH/BTC value dropped 66 percent week-on-week with the current value at 0.13 BTC



Considering the weekly chart first, the week start with an upward boost as the value went up from $1480 to $1738. But quickly it took a downturn. For a while, the coin oscillated between $1617 and $1548 before the value shot up to $1716 with a buying rage. But from there a downward momentum took over. Though in the midway, a sudden spike took the price from $1435 to $1564, because of the strong trend resistance it went down to $1302 quickly.


In the daily chart, the token is struggling to find a support level to stabilize. It depreciated 13.8 percent in the last 24 hours and is currently trading around $1336.

All the technical indicators are signaling a bullish trend. Stoch is on a downward path around 50 percent, and RSI is at 36 percent after touching the 30 percent overselling mark. MACD is also moving bearish below the axis. Due to the bearish run, 100SMA is also approaching 200 SMA fro a crossover.


Against Bitcoin, its fork Bitcoin Cash followed a weeklong strong bearish trend. BCH/BTC pair went down from 0.19 BTC to 0.13 BTC. This is a 66 percent weekly deprecation.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


avatar
IQ_Option
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: Bitcoin Cash Weekly Analysis

on Thu Dec 07, 2017 12:50 pm
Bitcoin is breaking the market. The coin has gained over $2000 in the last 24 hours and is now trading above $14 700. Meanwhile, Bitcoin’s fork, Bitcoin Cash, has also seen a huge growth recently after the cancellation of the SegWit2x. Currently, Bitcoin cash is the third largest coin in the market with over $23 billion in the market cap. It is also getting a huge traders attention, and in the last 24 hours, the trading volume was over a billion.

Key Highlights:

  • Though the BCH/USD pair gained in the early week and stabilized in the mid, a steep bearish run took over recently
  • BCH/USD pair is struggling to find a stable ground around $1285
  • BCH/BTC depreciated 30 percent week-on-week and is now trading at 0.09 BTC



BCH/USD pair started the week with an upward move. Though after reaching $1450, the pair faced some resistance, $1387 acted as support. A sudden buying rage took the price to $1612, the weekly peak, in a few hours. But due to the strong peak resistance, the value dropped to $1500.

Though the pair was trying to push upward, the resistance at $1540 was checking any growth. Though the coin finally breached the resistance at $1540 to reach $1575, it instantly took a downturn. The token is also on a bearish run since then.


In the daily chart, the token has lost around 8 percent. Though the token seemed to have found a support level at $1399 at the start of the day, it ultimately could not hold the price, and the coin dropped to $1284.

Due to the bearish movement of the LTC/USD pair, the oscillators are also moving bearish. MACD is strongly moving bearish since days. Stoch is also bearish, but it has reached the overselling zone, which is showing an exhaustion among the sellers. RSI is at 35 percent. In spite of the bearish run, 100 SMA is still over 200 SMA.


Against Bitcoin, BCH was running with a gradual downward motion, but in the last 48 hours, it became steep. Overall in the week, BCH/BTC pair’s value dropped from 0.1319 BTC to 0.09 BTC registering a 30 percent decline.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


avatar
IQ_Option
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: Bitcoin Cash Weekly Analysis

on Thu Dec 14, 2017 2:10 pm

BCH/BTC Pair Gained Around 36%

Currently the third largest cryptocurrency in the market, Bitcoin Cash is one of the successful forks available today. The team behind this coin is also pushing to make this coin the “real Bitcoin.” This week, partnering with VISA, Bitcoin.com also announced a Bitcoin Cash VISA debit card. With all these advancements, the token is holding above $30 billion in market cap. In the last 24 hours, it had registered a trading volume of above $2.2 billion.

Key Highlights:

  • BCH/USD pair appreciated around 33 percent week-on-week and is now with a recent surge, is looking for a stable ground around $1840
  • BCH/BTC pair gained around 36 percent around the week and is now trading around 0.109 BTC


Considering the weekly chart first, Bitcoin Cash had a zig-zag ride this week. In the early week, the coin went up from $1250 to $1480 only to face resistance at that level. Though it tested the resistance level for a considerable amount of time, the coin finally dropped until it found a support around $1250 again. This level also acted as a pivot point and initiated a gradual upward move for the token. In the next 48 hours, the token reached $1630 but faced some resistance there.


In the daily chart, the token found support around $1550, but suddenly with a buying rage, the pair’s value went above $2000. Though the peak resistance pushed the value almost immediately, it is currently struggling to find some support around $1840.

All the technical indicators also went bullish with the spike in the prices but are now stabilizing due to the resistance. Stoch is coming down from the overbuying zone, and so is RSI. Currently, RSI is at 63 percent. MACD is still indicating a bullish run.


Against Bitcoin, Bitcoin Cash was traded between 0.09 BTC and 0.08 BTC for almost the whole week until recently. With a recent spike in the value, the pair is now looking for a stable ground around 0.109 BTC.




Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


View previous topicBack to topView next topic
Permissions in this forum:
You cannot reply to topics in this forum