BCH
✴️ Bitcoin Cash Update | Bullish Or Bearish?What one does, the rest follows!
The Altcoins, they all move together and most of them, about 90%, have the same chart.
Within the 90% with the same chart the only difference is their timing. Some move first, others follow but end up drawing the same patterns.
Bitcoin Cash continues with its bullish consolidation, which is normal and at the same time great.
The longer the consolidation takes, the stronger the jump when the consolidation box breaks.
BCHUSDT is consolidating above MA200 while ETCUSDT is trading below, this makes no difference, they are both going to break up.
The one above MA200 will face less resistance though.
It will be exciting because the next up is the biggest one.
If you want to see additional information, the targets, support levels and so on, visit the 'Related Ideas' below... For all the "updates", I will list a few of the old ones.
Namaste.
Another Reason to look at BCHFalling wedge broke out a good while back but has yet to make a strong move up towards measured targets, as shown above on the 3 day chart.
Also:
- The long sideways movement is typical of accumulation prior to a stronger move.
- MACD has been diverging the entire way down,
- RSI has been diverging as well, and more recently stronger divergence.
Hitting both targets would provide nearly 1100% gains vs. Bitcoin from current price if this plays out:
Related idea here:
#BCHBTC - Large Triangle Closing - Still Room to Trade!We can see this clearly defined symmetrical triangle acting as both support and resistance for #BCH coming to an end pretty soon - but there's still time for another trade!
Coming off a healthy Short trade into a touch of confusion followed by our current Buy signal from CTv2, there's room in this wedge for another 10% Long trade. What do you guys think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
🟢 BCHUSDT - 1H (04.02.2023)🟢 BCHUSDT
TF: 1H
Side: Long
TP 1: $138.66
TP 2: $139.60
TP 3: $140.54
Here we have a very clean chart. First we notice that my usual 38.2% fib level has already been tested, so next we target the 61.8% fib level.
$135.63 is a good support level currently. And I believe that it will provide enough power to launch towards my target of $140.54.
$4M #BCH - Wave 3/5ALTCOIN SEASON may have arrived.
BCH might be repeating 2017.
Will BCH FLEX to the 3.618FIB, AGAIN?
A Quick touch to the 0.702FIB, retrace to 0.236, then a parabolic WAVE 3 push ABOVE the 2.618FIB and wave 5 for the 3.618FIB test, and a 95% retrace from there.
BCH Wave 5 is historically very small.
$100 = $2.9M
Good Luck Traders!
BCH Cash BullishCrypto Altcoins
#CryptoWhale100Billion Alt Coin Analysis:
#CryptoWhale100Billion Alt Coin Analysis: BCH
My Analysis shows that BCH show a strong buy after hitting a low of $98 and bounced up to $103. The resistant area we can see BTC running back all the way up to $116 and breaking out higher.
RSI showing a good bull move from buying big buys. We can see a swing-up trend in the next few weeks. Small sales showing on the MACD. BCH has been trending sideways in this area for some time. Whales may accumulate and push it to the upper side.
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies.
#CryptoWhale100Billion
Press The Thumbs Up and send me a message below about your idea on KNC will hit.
Thank You for the support!
Below are some Previous charts links I've written in the pass for Reference.
Bitcoin Deep Analysis (Falling Wedge Has Already Broken)
(Possibility Inverse Heads & Shoulders Pattern Incase Of Formation Btc May Test 18k - 18.5k Area)📈
(Crucial Resistance Is Between 24.5 - 25k )
(Breakout Will Be A Beginning Of Massive Bullrun )
Expected Target Incase Of Neckline breakout Of Inverse Heads And shoulder Would Be 180k
BCHUSD Futures ( BCHUSD ), D1 Potential for Bullish ContinuationTitle: BCHUSD Futures ( BCHUSD ), D1 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 164.60
Pivot: 138.19
Support: 125.31
Preferred case: Looking at the D1 chart, my overall bias for BCHUSD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the resistance at 164.60 where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 125.31, slightly above where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
BCHUSD Potential for Bullish Continuation | 27th January 2023Looking at the Daily chart, my overall bias for BCHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 138.53, where the recent high is, we are looking to take profit at 164.97, where the previous swing high is. Stop loss will be placed at 125.82, where the previous overlap support and 23.6% Fibonacci line is.
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Wait for congratulations ( bull run??)Hi guys
Are you bullish on Bitcoin?
I still did not publish the comment, welcome to the bull market.
So I'm not sure right now.
Bitcoin has now hit its biggest downtrend line. With its failure, the market will go up. But to break it, at least 2 weekly candles should be closed above it.
If the price drops sharply, it can drop up to 13,000.
So wait for my next analysis.
Also, be sure to see my previous analysis.
Potential Breakout in BCH, Target at 135The main view of this trade idea is on the Daily Chart.
The cryptocurrency Bitcoin Cash (BCH) appears to be in an asymmetrical triangle setup. The downward trendline of lower highs of 156 and 124 was broken on 8th January, 2023. The support trendline of 88 and 95 continues to be held. Expectations are for the breakout of the triangle to continue and BCH is expected to rally towards 135. This view will be negated if BCH were to decline below 95.
Technical Indicators
The technical indicators corroborates this view. BCH’s Supertrend is back in buy-mode after the Index crossed above 103. Also, BCH is back above the Daily MA, the 1st time since 13th December, 2022. The Awesome Oscillator is above 0 and trending higher while the RSI is above 50.
The intra-day trend following indicators of the cryptocurrency also display uptrends in the 15-Min, 2-Hour and 4-Hour time frames. Short to medium term support is seen around the 95 - 98 price range.
Recommendation
The recommendation will be to go long at market, with a stop loss at 95 and a target of 135. This produces a risk/reward ratio of 2.21.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
Real Test Of Bitcoin Recently We Seen massive buying Volume In btc
In higher Tfs Btc Is Testing Structure Level (Higher Low) And I think Its real Test Of btc strength Once We Got weekly close Above 25200 Then Btc will Start Its Uptrend Officially
For Further Confirmation I Added 50Ema IF We Look On Btc History Of Past Years Then We Can clearly See Whenever Btc Breaks 50ema Btc Makes New Ath
Massive Rsi Divergence Also Indicating Reversal
Final Thoughts When Btc Breaks Hl And 50Ema Moving Average ( Once That Happens Lots Of longterm Investors Will In ) and btc will Easily Test Its ath
however its just an idea dyor before taking any action share your thoughts in comments section
Bitcoin Higher Timeframe Analysis Lets Check Btc Behaviour Of Recent years
Btc Over All Moving In Ascending Channel From few Years In weekly Timeframe
And Btc Test Trendlines Of Channel And If Its breaks Pattern Withen Channel Than Usually Btc tests Opposite Tl Of channel
Now Btc tested Trendline Beautifully And Bounced With strong Buying volume Also Btc Breaks Falling Wedge withen Channel
And If we Compare Btc From Its recent history than We Can See Clearly A test Of Upper trendline Of ascending Channel almost (180000) Area