BCH/BTC. R Trader
Results 1 to 4 of 4

Thread: BCH/BTC. R Trader

  1. #1
    Administrator RoboForex Administrator's Avatar
    Join Date
    Nov 2012
    Posts
    1,103
    Thumbs Up
    Received: 772
    Given: 206

    BCH/BTC. R Trader

    BCH/BTC


    Bitcoin Cash is a cryptocurrency forked from the original Bitcoin. It increased the block size limit to 8mb in order to make transactions faster without needing expensive fees. Bitcoin Cash is both the name of the payment system and of its native cryptocurrency. It appeared on August 1st, 2017.

    This instrument is available for trading on the platform R trader. You can start trading with as few as 10 USD on your trading account.

    Not allowed!

  2. #2
    Trader
    Join Date
    Sep 2018
    Posts
    19
    Thumbs Up
    Received: 0
    Given: 0

    BCH/BTC

    The pair BCH/BTC is being traded in selling as downtrend daily trend, now the prices are facing a strong support level of 0.032. Buy positions looks more preferable on this level because we are waiting for the upward correction to the level of 0.060, if it is broken, then further to the level of 0.025.


    Not allowed!

  3. #3
    Trader nadezhda84's Avatar
    Join Date
    Nov 2018
    Posts
    1,144
    Thumbs Up
    Received: 35
    Given: 122




    The rate in the BCH-BTC trading instrument is 0.035793 BTC. The trend is bearish.



    The price is above simple moving average with a period of 800 hours that is 0.0345 BTC. Stochastic (4 hours, 5,3,3) is formally bearish, but the signal is not strong. If the price goes upside to, at least, 0.037 BTC, I would risk to sell a small lot keeping SL tight (not higher than 0.038 BTC).

    Not allowed!

  4. #4
    Trader nadezhda84's Avatar
    Join Date
    Nov 2018
    Posts
    1,144
    Thumbs Up
    Received: 35
    Given: 122
    The price in BCH-BTC is 0.03319 BTC. The bearish trend looks like finished and the price started to move upside, look at the attached chart with my indicators therein.






    The price is also below the simple moving average (800 hours period), which is at 0.0345 USD. It may be a good opportunity to put a buy-order in BCH-BTC, since movement upside is a way more probable than movement downside.

    Not allowed!

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •