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BCH

BCH at Bottom of Trading Range / Buy Low Sell High / DailyThe big picture of Bitcoin Cash is trading range phase. Best strategy in range markets is to buy low and sell high. Now we are near the bottom of daily trading range, and also bottom of bear broad channel ( 3nd pushed down ). So cheap price to buy currently. As long as we are above the daily bull trendline + Support Zone ( $405-$445 ), you can buy. Below this prices market will be bearish. Targets after breaking the bear dynamic trendline: 1) Touching the bear trendline ( Top of Channel ) 2) Resistance Zone ( $749-$773 ) Breaking this resistance and consolidate above this zone, then higher prices will be expected. **This is not an investment advice. Your capital might be at risk.** Give me your idea on comments... Good Luck...
Long
by AmirSoraya
Don't panic!Well, well, well. We are now experiencing an emotional and confusing market. The performance of traders in this situation is very important. The market trend will be in the range in the next few days. We have to wait a few days for the market to return. Fear of further market collapse will lead to the sale of cryptocurrencies and regret in the coming days. If you are a holder, do not be afraid at all, we will return to the previous and higher points in the medium term. If you are a trader and did not use Stoploss, do not sell your coins at these low prices. By being in the pullback, higher exit points will soon be created.
by MonoCoinSignal
9
Bitcoin Cash has Bullish Setup within Longer-Term Diagonal RallyBitcoin Cash (BCHUSD) appears not only complete with its wave (ii) pullback, but we may already have another nested i-ii setup in place. That means we are in a great BUY position unlike with many other cryptos which have started to run away with stronger rallies. As the rally continues across the crypto sector, it will become increasingly risky to deploy large cash amounts, so DCA (dollar-cost-averaging) will be your friend! In the long-term big picture, I have reworked and simplified the chart. I am interpreting the rally from the March 2020 bottom to the May 2021 top as an Elliott Wave Diagonal structure. Diagonals are characterized by deep retracements with their 4th waves often pulling back so deep that they overlap the preceding 1st wave's peak. They also tend to stay within a trend channel and contain subwaves which don't look like true 5-wave impulses but rather 3-wave ABC patterns. Our crash from the May 2021 top would be too deep to be the 4th wave of an impulsive rally structure but fits the requirements of a diagonal rally structure almost perfectly! If we can hold immediate support at 533, we've got our subwave (iii) targeting between 1334 and 1592 for a more than 2x return from where we are right now. The subsequent 4th wave consolidation may last multiple months as 4th waves tend to be slow and sideways. The final subwave (v) top is targeting between 1776 and 2120 for a 3x return. However, there is a strong confluence at the 0.618 extension of the larger 3-4 pattern, which falls at 2562 (4.5x return!) There is also an outside shot that we make it to the 0.764 Fibonacci extension around 4000 (close to the ATH) for a 7x return, but this is a low-probability at this time. This top will likely coincide with a MAJOR top in BTC and ETH and will likely be followed by a lengthy crash across the crypto sector. I expect the pullback to be a major Wave 2,. I addition, diagonal rallies usually proceed sharp reversals; that alone should be enough deterrence from trying to 'hodl' thru a long bear market. Thus, this would be a great opportunity to take profits and reallocate into other assets or even Stablecoins. However, the ensuing major crash could give us an even better buying opportunity to send us up to the 4400-4500 range! Farther out, provided that the larger pattern holds 6800 could be within reach with the 11k target looming overhead, which happens to have very strong Fibonacci confluence across timelines. I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
KRAKEN:BCHUSDLong
by Critique-al-Thinker
1
WILL BITCOIN CASH BREAK OUT!! MASSIVE GAINS AHEAD FOR ALTS!!Bitcoin cash has been within an ascending triangle since the may high and i have been paying close attention to the behaviour on the charts. I have key areas on the chart and BCH/USD has been reacting just as i expected! Using the volume profile tool i measured within the triangle and have them marked out on the chart as POC (point of control) , VAH (value area high) VAL (value area low), as you see on the chart with this abc correction BCH/USD had a nice bounce from the VAL, and also confluence of the trendline from the bottom of the ascending triangle! I will be now waiting for a reaction in and around the yellow line area on the chart potentailly for the top of a new wave one, i will then draw my fibs from swing high to low and look to add to my current position, by laddering my limit orders from the 0.618, 0.5 and the 0.382, with a stop loss under the swing low/VAL! As you can see on the 4 hour RSI we have broken resistance, which usually means a new impulse wave.. Is this a new wave one ? I will be following up with more alt coins so give me a follow, the alt market is starting ladies and gents, lets make maximum profits from this massive run up thats coming !!!!
Long
by LONDON_XRP