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BCH/USD Secondary trend The important area Simple rules for workThe graph is logarithmic. This is a secondary trend. That is the fall of the price since May 19, 2021, from the pumping of +666%. The trend is a pronounced downtrend in spite of the significant local pumping of +50-80% within the downtrend. At the moment the price is in a local consolidation near the area where the trend reversal started last year. Coinmarket Coin: Bitcoin Cash I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The main trend of this cryptocurrency. BCH/USD Main trend. Breakdown of the channel. The important zone. Simple rules of conduct in the market, which will help to multiply money, and for someone just to save: 1) Do not enter the market early. Wait for a good entry point with a higher probability of developing the trend direction you want. A trader should watch 70% of the time, 20% of the time buy, 10% of the time sell. Small market participants (those who lose money) tend to always only buy (their eternal dilemma, regardless of the phase of the market: "what to buy to become a millionaire fast")... Be patient, think rationally, not emotionally. Your entry point should have a good risk/profit ratio, at least 1:3. 2) Enter the market in installments of your allotted amount of money on a particular coin, or limit your risk if in doubt (but the question is, why enter if in doubt?). But even if in doubt, enter in installments (this applies to those who are just starting to trade). 3) Always protect your profits with a trivial stop-loss on its protection, or at least a partial fixing of profits at important levels of resistance (long) support (short). 4) Margin should not be too large, and it is better not to use margin trading at all and work only on the spot. Only those who work in the spot have a significant deposit, and this is a fact))) 5) When working in margin trading long / short, always use a stop loss unconditionally. If you have a big loss due to knocked out stops on margin, it's worth considering, maybe it's still more rational to work on the spot. Although, perhaps in this case it's not about trading on margin, but about the kind of trader you are (lack of experience, lack of knowledge, problems with the psychology of behavior in the market, the desire to "make quick money"...). The foundation of your trading is your trading strategy and risk management based on your experience. Don't try to guess what you don't understand. Do not inherit the majority of participants – kamikaze market. Try to evolve and work by gaining relevant experience in what you didn't initially understand. Slowly but surely day by day become better than yesterday, leaving the “experts” and anonymous “I know exactly” screamers behind in the market millstones.
COINBASE:BCHUSD
by SpartaBTC
3
BCH/USD Main trend. Breakdown of the channel. The important zoneMain Trend. Always, than to trade locally on the working timeframe 1h-1d always need to understand where the price is in the main trend and what to expect in the near future with the price with a high degree of probability. Coinmarket Coin: Bitcoin Cash The previous upward channel (uptrend) was broken by the price. At the moment, the price is near an important support zone (highlighted in gray). In this zone after the 2018 reset, the entire 2019-2020 year has been gaining major positions, this zone and served as a launching pad for pumping 2021 by more than +600% (+666%). I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The secondary trend of this cryptocurrency. BCH/USD Secondary trend. The important zone. Simple rules for work. The price rises for a long time, but vertically falls quickly. Always protect your profits and don't wait for super targets, work in the trend. Difficult %. Have restraint, curb your greed and the rush of “no time”. If you're not sure - watch from the sidelines until there is confidence in a more likely price movement from which you can benefit.
COINBASE:BCHUSD
by SpartaBTC
16
🚀 Bitcoin Cash (BCHUSD): Triangle ④●● Preferred count ● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 1D Fig.1 The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 . Subwaves (A) , (B) and (C) have been completed within the triangle, an ascending zigzag is expected within wave (D) . At the end of the triangle ④ , a trading setup will open in a long-term long position. _______________________________________ ● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 8h Fig.2 The first wave within the uptrend, marked ⓘ , took the form of a zigzag . This zigzag may be the first wave within the leading diagonal A of (D) . I recommend waiting until the diagonal is fully formed, and then join the buyers at the end of the subsequent correction B . _______________________________________ ● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 30min. Fig.3 Variant of counting waves within a thirty-minute chart. _______________________________________ _______________________________________ ●● Alternative count ● Bitcoin Cash / U.S. Dollar (Coinbase),🕐TF: 2D Fig.4 The alternative is a bearish triangle (X) . In general, the count is consistent with the main scenario up to the top of the triangle (X) , but it is worth remembering: in about 60% of cases, wave " B " of the narrowing triangle ends behind the beginning of wave A . _______________________________________ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
COINBASE:BCHUSDLong
by TradeWaves-EWA
2
LUNA - 58% BREAKOUT EXPECTING TARGETDear traders, Luna seems to enter new breakout movement, this depending on the last data. Long time ago we have seen not much more trends on Luna - but since this week - Luna looks to make some new volume structure - what means there is a high chance for a breakout. WE will follow it, and see coming time where it can go . If it go depending the expecting plan, then Luna could enter into new small hype - what could bring the coin above 2,40 and with the target 58% increase. # know that this is not a hodl update - as there should be high risk management on any investment, and this is also not a trading advice. Its 100% personally expecting.
Long
by Goldenbreakout
BCHUSD going for the 3rd attempt to break above the 1D MA100Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. Even though the coin is still not outside of this long-term bearish trend, on the short-term the price is attempting to establish a respectable bullish move as it is going to make the third attempt to break above the 1D MA100 (green trend-line) within a 1 month time-frame. This trend-line has been intact since April 26. If that breaks, it will issue the first signal that we may finally see a bullish break-out above the Lower Highs, as the 1D MACD will make a Bullish Cross. The immediate Resistance level if a break-out takes place, will be the 1D MA200 (orange trend-line), which is right above it but mostly the 1W MA50 (red trend-line). Above the Resistance (previous Lower High) of 395.50, Bitcoin Cash officially enters a new long-term parabolic rally. Note that what gives more chances to the upside right now is the fact that the 1W RSI is above its MA. If the MA holds as a Support, it will further boost the bullish potential. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COINBASE:BCHUSD
by TradingShot
3
BCH Price Still Has A Potential To Reach $6k AreaLike majority of mid cap projects BCH is forming very similar crashing pattern as BTC did in 2018. Of course 2018 btc crash happened with different velocity and curve, but price did have some kind of bounce and sideways movement as BCH had this time. If we extend fib. levels over 2018 bitcoin crash where level 1 sits at 2017 ATH and level 0 at the low, we can see that the price did first reach lo 0.618 retracement, then eventually crashed, closing the gabs above the low, only to have another breakout and pint point nailing level 4. fib. extension (69k). Time will tell very soon if BCH price will react to the same fib. retracement/extension levels, but if does, it would mean that the price would first climb just above 1k, then have an accumulation back below $200, then of to the races to 6k area where level 4 fib. extension level sits at. Imagine that, it would truly be an amazing alt season. Remember that time is irrelevant here and no one knows when things will happen or for how is anything gonna take to play out. We can only speculate price areas based on historical price movement. It is only a speculation, we need more time to really confirm all of this but when price is set for new ATHs after a major crash like this, it tends to react to above mentioned fib. levels. I am not a financial advisor so non of this should be taken as a financial advise. Be well.
Long
by AVA37
2
Big PUNCH In THE FACE OF OPEC+ BULLS ON POWER THE OIL PRODUCING COUNTRIES AND CARTLE MEMEBERS GAVE THIS ANSWER: BIG NO ,,PUNCH,, to the Europeans and non-producing oil countries who want to dictate them the Oil Price. It is a era of the colonilistic countries like Germany, GB, Belgium, Italy, France, Scandinavian and others is over. It is simply over. They are losing everywhere their financial-, economic-, and diplomatic powers. You have Oil? You dictate the price. It is as simple like that. Oil will climb back to $115 a barrel and a great way to play that rebound is Chevron Corporation (NYSE: CVX), says Rob Thummel. He’s a Managing Director at TortoiseEcofin. OPEC approves only a tiny increase in output His outlook is essentially based on the inability of OPEC+ to “meaningfully” increase its output and meet the continued surge in global demand. This afternoon on CNBC’s “Power Lunch”, Thummel said: We’ll see demand rise as China comes back online and people continue to fly. That will result in an undersupplied oil market. And what we know is that when inventories go lower, prices go higher. He’s convinced the global demand for conventional energy can withstand a mild recession, especially as the impact of Russian sanctions materialise in the coming fall. Despite the energy news on Wednesday, WTI Crude is at $91 a barrel at the time of writing.    Thummel explains why he likes Chevron stock Thummel likes Chevron stock down more than 10% from its year-to-date high for the dividend yield that currently sits between 3.0% and 4.0%. He’s also constructive on “CVX” for its continued investments in renewable energy. It has double the S&P 500 dividend yield. But more importantly, it’s providing more energy and less carbon. It’s made significant investments in renewable fuels. So, the changing supply source of energy could be a benefit to Chevron going forward. Last week, Chevron reported record profit for its fiscal second quarter on higher prices and said it will buyback up to $15 billion worth of its stock in 2022. Wall Street currently has a consensus “overweight” rating on the stock with upside to $179 on average, or about a 15% increase from here. Oil prices rebound on supply concerns after drop to near 6-month low We will see much more higher Prices in BCO and WTI: My estimation is between 185-250 in BCO and WTI. In Minimum. During the much-awaited OPEC+ meeting, member countries led by Saudi Arabia and Russia agreed to increase their collective output target by 100,00 bpd (barrels per day) come September. This is a drop in the proverbial ocean with producers catering to a global market of approximately 10 million bpd. Although a small or even no increase at all was in line with market expectations, analysts were surprised by the less-than-token improvement in the output ceiling, prompting some to interpret this as a deliberate attempt to humiliate the US. For instance, Robert Yawger, executive director of energy futures at Mizuho Securities, stated that this “is a slap to the face for President Biden.” This outcome would have been very disappointing for the President who made a special trip to meet with Saudi authorities last month. To add salt to injury, the OPEC+ decision comes a day after the US cleared $5.3 billion in missile sales to both the UAE and Saudi Arabia. Prices slide Prices were steady after the OPEC+ announcement, with Brent trading slightly above $100. However, with the publication of Energy Information Administration (EIA) data, prices have crashed by over 3%, with Brent trading at $97.3 and WTI as low as $91.2, at the time of writing. The EIA reported an unexpectedly large build in US oil inventories which rose by 4.5 million barrels for the week to July 29. Gasoline stocks were also up 200,000 barrels in the week ending July 29th, potentially reflecting a moderation in consumer demand as the US exits the driving season. As per market surveys, both these figures were expecting a drawdown, in line with the previous week, but stocks have surprised to the upside raising concerns of demand sustainability. American conundrum The US is tussling with four-decade high inflation rates and gasoline prices in excess of $5 across several major cities. The administration is desperate to ease the market tightness and bring down costs. An argument could be made that any increase at all would be deemed to be symbolic since the OPEC+ countries have long been struggling to meet their quotas in any case. With the onset of the pandemic in 2020, followed by a sudden drop in aggregate demand, laying-off of skilled labour, disrupted supply chains and chronic underinvestment in these countries, OPEC+ members simply do not have sufficient spare capacity to meaningfully increase global output. The only two countries that may have the ability to increase production sizably are Saudi Arabia and the UAE. For Saudi Arabia, this would be a challenging task due to many of the same reasons listed above, in addition to which, most untapped reserves are in “untested fields” and would take months to operationalize. Moreover, Saudi hydrocarbon law requires that any official increase in production targets be met for a minimum of at least 1 year. The Kingdom is unlikely to want to boost supplies significantly for such a lengthy period, as a deep recession is widely expected.  Ramping up production would only lead to cutting off windfall profits that member countries are presently enjoying. Lastly, the Saudi government would be unwilling to cross its Russian ally by hiking production targets too fast. Given the strict sanctions that the West has imposed on Putin’s Moscow, Russian export channels have dried up and a tight global oil market is supportive of Russian revenues for the time being
OANDA:BCOUSDLong
by DaveBrascoFX
1
Bitcoin Cash Huge Potential on 10X (1600%+)Here is Bitcoin Cash (BCHUSD), this is the same chart we shared a few weeks back. We are hitting the gas on this one as we see potential for massive growth. After the retrace that ended 13-July (Full moon), BCHUSD is now ready to grow. We are active with 10X of leverage. Disclaimer: Not for beginner, for experienced traders only. Leveraged trading is high risk and can result in liquidation. This is not financial advice. We are wishing huge profits and good luck. Namaste.
BITMEX:BCHUSD.PLong
by AlanSantana
9
Bitcoin Cash UpdateWe chose Bitcoin Cash (BCHUSD) for you because it moves like Ethereum Classic, very strong with really big candles... So the potential is huge. When you add leverage like we did, then the profits go as high as the new moon. For this one, we visit our trade signal which is still active and at 395%+ profits... See it below: Bitcoin Cash Huge Potential on 10X (1600%+) | 15-July-2022 I hope you enjoy the articles, the trades & the content. Thanks a lot for your continued support. Namaste.
BITMEX:BCHUSD.PLong
by AlanSantana
BCHUSDT: Good prospect for LongThe structure of medium-term wave levels on the BCH tells me that the decline from the level of $1,600 is probably over. On the smaller timeframe some initial momentum was formed in wave 1 or A, and at the moment the price is correcting in the anticipated wave 2 or B. It is possible that the correction has already ended and the price has already started to form the first upward impulse as part of wave C or 3. This is an excellent pattern that allows you to plan to open a long position with a remarkable risk to profit ratio of at least 1:5.
Long
by HurricaneCapital