Long

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

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:

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:

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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And many, many, many winning altcoins trades.

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Note

Targets for Bitcoin Cash (BCHUSDT) by Alan Masters:

(1) $500 – Target hit (+19%)
(2) $560 – Target hit (+33%)

Note

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%)

AlanSantana

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