Bitcoin Cash: Support Broken in Hourly Chart

2019-04-24T05:16:27.000Z Honest Cash

Considering that the weekly chart has left upside technicals, it should not be a bother that BCH is falling hourly charts. However, support has been broken, and it is falling. Because the candle pointed by the red arrow closed outside Bollinger Bands, its low will be modified. Means that BCH will fall a bit further more. I think it is going to kiss .049 at least once. because there is a pure buy candle in daily chart. I hope it just kisses it once, and not spend the night with it.

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Responses


RE: Bitcoin Cash: Support Broken in Hourly Chart

by @cain

"I hope it just kisses it once, and not spends the night with it."

good line.


RE: RE: Bitcoin Cash: Support Broken in Hourly Chart

by @cryptonomoist

Thanks. Speaking of which, price has broken the Bollinger in Daily Chart too. Negotiations have begun for spending the night. It is going to be a long night.

A close below the Bollinger band will split the game wide open. We will then be waiting for the candle of the next day to close inside the bollinger bands.

A close inside will be "whew".

However, a look at all the time frame charts on my end tells me that it is going to fall further.

And with reason.

It is coming to break the level of .0494.

If you open BTCBCH on Bittrex, and trace your cross hairs over the candles in the daily chart. You will find a long green candle with low = open = 0.04941504 (Go ahead and do the crosshair thing if you intend to learn from me. Such levels work in every time frame in every candlestick chart for any commodity, currency, stock or coin in the world.)

The market is coming to modify this level.

We are waiting for the daily close now.


RE: RE: Bitcoin Cash: Support Broken in Hourly Chart

by @cryptonomoist

Looks like a night is confirmed. Price has broken through Bollinger in daily. All will be decided on daily close now in 8 hours.