Vera Thornpike

Bitcoin Cash Price 2019: $300 BCH Value Is Possible! To Buy or Not to Buy BCH Right Now?

Bitcoin Cash price analysis from Internet users: Will BCH rise to $300 or stay the same?
Bitcoin Cash Price 2019: $300 BCH Value Is Possible! To Buy or Not to Buy BCH Right Now?
You may also like:
Contents

While Bitcoin gives traders the shivers, other cryptocurrencies look highly unstable, too. Bitcoin Cash also gives us controversial signals, and its future seems to be unclear. tradingview experts have their own opinion about BCH’s price in 2019. Let’s see what they think.

“There’s 8-9x ROI Potential”

According to user jpbrown1023, Bitcoin Cash is going through a massive falling wedge that started back in August 2017. Basing on the wedge heights for predicting the target price, he realized that there’s a chance of 8-9x ROI if any of the targets are hit. The exchange that analyzed the BCHABC chart failed to consider BCH's previous price action history. Turns out, Bitcoin Cash is almost 20x off its all-time high and serious fluctuations might happen again and again. But if BCH price breaks the resistance, you should buy and hold it.

Jpbrown1023 says:
“I am going to BUY ON THE BREAKOUT. Why? Well, this resistance has rejected the price 5 times before minus the Nov 2017 pump. The MACD is a starting to capitulate at the zero line. If the price can't break through resistance, it may send the price down (possibly way down). I am secretly hoping for this so the gains are even greater upon breakout. Let's see what happens!”

Bitcoin Cash Price 2019: $300 BCH Value Is Possible! To Buy or Not to Buy BCH Right Now?

Bitcoin Cash price chart from jpbrown1023

“BCH is to produce a breakout”

Alanmasters also sees that Bitcoin Cash ABC is forming a classic falling wedge. That means a BCH breakout should occur. The wedge that formed from November to December managed to produce a 130%+ profitable breakout. Now, another falling wedge has formed. The positive prediction has already started realizing in February, and BCH has reached the support line.

Bitcoin Cash Price 2019: $300 BCH Value Is Possible! To Buy or Not to Buy BCH Right Now?

Bitcoin Cash price chart from Alanmasters

Thus, BCH/BTC positions are also stabilizing. Bitcoin Cash is gaining strength to skyrocket this year.

“Bearish scenario is possible”

If we base our assertions on the ‘head and shoulders’ pattern, predictions will be different. A user nicknamed Cryptosuf is bearish about BCH’s future, and here are the reasons for it:

  • Fractal found from last Ascending Triangle

  • Rounded bottom looks like Cup and Handle could form from here

  • The red dotted line looks like resistance

  • Yellow 1-5 Impulse looks complete

  • Wave A or 1 looks to be complete

  • Inverted Head & Shoulders Target Complete

Indeed, today, his prediction is coming true. Bitcoin Cash is about $131 and might fall even lower to reach another support bottom line.

Bitcoin Cash Price 2019: $300 BCH Value Is Possible! To Buy or Not to Buy BCH Right Now?

Bitcoin Cash price chart from Cryptosuf

All in all, pessimistic predictions about BCH price are quite rare on this platform. The vast majority of TradingView users are sure it will grow further. User Blokchaincharts sees that BCH heads back to the 200 MA, which means it might reach $300 this spring!

BCH/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Subscribe to the official U.Today Telegram channel. Get news first!
871 views
👓 Recommended articles
something-wide
something-wide
Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
You may also like:
Contents

Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
198 views
👓 Recommended articles
something-wide
something-wide