[BCHUSDT] Bitcoin Cash vs Tether [820% PP]

By AlanSantana
Updated
Bitcoin Cash (BCH) is no exception, support is being established at the same prices as before 2017 cryptocurrency market bull run. So after a 100% retrace, nothing left to sell since all gains have been wiped, Bitcoin Cash is ready to move again.

Let’s take a look at the chart, later on we can trade: snapshot

  • We’ve tested the 2017 support, from which level all altcoins are bouncing (yellow square + brown line on chart).
  • MACD uptrend since February 2018.
  • RSI is in an uptrend since August.
  • All gains removed from last years bull run and consolidation taking place to start a new wave up.


Closer look: snapshot

  • When we take a closer look, we can spot additional signals.
  • You can see a big increase in volume, marked by the big green volume bars on the chart.
  • We have two reversal bullish candles each time support zone is touched (hammer and doji).
  • It can take several days, to weeks, for BCHUSD/USDT to move.


Let’s trade!



Trade instructions for Bitcoin Cash (BCH) vs Tether (USDT)

Buy in: $411 – $430

Targets for Bitcoin Cash (BCHUSDT) by Alan Masters:

(1) $500
(2) $560
(3) $600
(4) $660
(5) $740

Stop loss: Close weekly candle below $400.

Capital allocation: <20%.



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Comment
Targets for Bitcoin Cash (BCHUSDT) by Alan Masters:

(1) $500 – Target hit (+19%)
(2) $560 – Target hit (+33%)
Comment
Over 40% profits when we hit our third target.
Targets for Bitcoin Cash (BCHUSDT) by Alan Masters:

(1) $500 – Target hit (+19%)
(2) $560 – Target hit (+33%)
(3) $600 - Target hit 6-Nov. (+43%)
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