BABUSD(BCHUSD): Triangle and downside risk (9.06.2020)At D1, the cloud is directing downward, indicating a downtrend.
Besides, the cloud is directed downward at H4, which also indicates a downtrend.
On H4 and H1, the correction model in the form of a triangle is visually well visible.
We recommend selling on the breakdown of the downward correction model boundaries, or in case of false growth to the level of 250 (when RSI will reach overbought level at H1).
BABUSD
BCH/BTC at its bottomBitcoin Cash has suffered a lot. And this seems like the perfect time to end its suffering. BCH always pumps when no one is paying attention and now is its time to shine.
Entry: 302-307
SL: 292
Target: 340, 365, 395, 410
BCH where next?Bitcoin Cash looks like a laggard on the bitcoin pair but could really make up for it if Bitcoin holds its end. We had a lot of action the past hour with that scam wick up which trapped late longers and early shorters by triggering their stops only to bring us back right back to where we were. Now BCH broke up from its bullish pennant (not seen on the chart as this is zoomed in) and then found itself in a bull flag. It broke up from the bull flag with that scam wick and came back to test the level from which it broke out. In my opinion, we should not close the hourly below the blue line or this trade will get risky. This is a risky long but I am targetting $246, $258 and $278. Close the trade if hourly closes below the blue line but on the other hand, a wide SL between 227-231 might just work better. Bitcoin could test the $73xx level so be careful.
Bitcoin Cash: A potential setupBitcoin cash seems to be in a huge falling wedge. It is testing to the top of the wedge and may even break out to the upside. Bitcoin looks really indecisive right now. I am closely monitoring my Ethereum position as well. If this doesn't break out now and bitcoin decides to take a fall we might have a very good trade on our hands. I will long the bottom of the wedge. Let's see how things develop.
BCHUSD - Buy 04/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy BCHUSD from 360-350
Stop-loss at 340
You will find more trading ideas in SAV Finance community.
BCHUSD - Buy 01/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can sell BCHUSD from 380
Stop-loss at 365
You will find more trading ideas in SAV Finance community.
Bitcoin Cash: Could Make 60% Profit!Hello my dear BCH traders & HODlers,
Bitcoin Cash is dangerously grinding at the $300 yet again. We had a very smiliar shape before- which I'm going to show you in this video -where we made 100% profit unleveraged. Have fun watching! ;)
If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other people then. Make also sure to follow us so you get notified on our analyses! I wish you a good trading! :)
Edgy is providing online education & indicators only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
0038 - Short BCHPrecio de Entrada: 265.75 USD
Stop-Loss: 296.52 USD
Objetivo Mínimo: 170.89 USD
Objetivo Máximo: 158.00 USD
Razonamiento
- Precio rompe de manera convincente zona de soporte entre entre los 270 USD y 250 USD. De tal modo que el sentimiento de mercado que adopto es bajista.
- El precio de entrada es encuentra cerca de la zona de soporte que fue rota. La idea es entrar en el test del nivel invertido.
- El stop lo ubico justo por encima del open de la vela que produjo el rompimiento del nivel en cuestión.
- El Objetivo Mínimo se encuentra justo antes del proximo nivel invertido y que ahora funcionaría como soporte.
- El Objetivo Máximo se ubica en el nivel invertido (resistencia convertida en soporte alrededor de mediados de Marzo 2019).
BCH/USD - Bigger Correction Incoming?Hello traders,
BCHUSD - We had a small correction after the big down move, but I don’t think it is enough to make it fall down too hard again.
Look for a bounce at the mid July low area and a reversal. Whether or not the reversal is strong enough to bring us back to an uptrend, we will have to wait and see the price action we get.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow if you like what you see.
Thank you,
Good luck
BCH / BAB - LONG SETUP IDEAHi guys, I share this idea with you. We are looking for a break and close above that resistance area in this ascending triangle.
Do not enter without confirmation!!!
BITCOIN CASH /BITCOIN ABC (complete pattern)it's a very possible scenario to see bch or ABC making a new high if this complete pattern get validated (risk is too small as shown )
Bitcoin Cash Knocking Dangerously at the Weekly DoorHello dear crypto friends, hope you're doing well guys! ;)
BCH is currently in a wedgy/upward-moving channel, knocking dangerously at the weekly S&R door at the 450 region:
A break here could lead to 600 Dollars inside the previous EQ, giving more than 30% profit.
We had an upward moving bull flag already once, which saw a bull break with 100% profit (we basically doubled):
=> This is a rare, yet very strong form of bull flag, where the consolidation is moving upward instead of downward.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Shooting Star on BitcoinCash MMHVW - this SS should not be ignored. Best to proceed with caution on BAB.
Bitcoin: What the hell is going on?Hello dear crypto friends, hope you're doing well!
The BTC bulls are raging through the 6k resistance, but I don't think this is technically explainable -there are strong fundamental reasons (hands) behind this. Gonna talk about this, and also my personal plays with LTC & BCH. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Bitcoin Cash BAB bullish setup MMHVW - nite this could make a breakout of the wedge for the upside and will not necessarily drop to 250. Do your own research.
BCH/USD 4H EquilibriumIf you have any questions, ask in the comments section. If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
