$BCHUSDT wont be long to breach this support $BCH $BTC$BCHUSDT wont be long to breach this support $BCH $BTC
it looks like this support around $480 Mark is getting weaker
it wont be long to head to $440 Mark
also it looks like the corrective move has finished and soon we will be seeing an impulse move down to $440
BCH Rank:13
Marketcap: $9,102,185,079
Available Supply: 18,770,988
Max Supply: 21,000,000
USD: $484.9071
BTC: 0.01470892₿
ETH: 484.90708530
Vol: $795,911,424
Vol change: -23.4%
24h: -0.7% | 7d: 0.7%
30d: -18.0% | 1y: 99.2%
BCH
NEED HELP WITH ALTCOINS?Now that we are in the middle of the correction season, lots of you might need help with the altcoins you're dealing with.
I've decided to do a few analyses for you guys.
All you need to do is CLICK LIKE, name a coin, and then tell me if you need the short-term, or the long-term analysis. And I will analyze the most mentioned coins for you guys.
Follow me to get the analysis you asked for.
Happy Trading
Good Luck
Like and Share
BCH Sell the downtrend.BCHUSD - Intraday - We look to Sell at 538.4 (stop at 561.1)
Daily signals are bearish.
20 1day EMA is at 525.0.
Trend line resistance is located at 538.0.
Preferred trade is to sell into rallies.
Our outlook is bearish.
Our profit targets will be 481.1 and 471.1
Resistance: 525.0 / 540.0 / 550.0
Support: 510.0 / 500.0 / 490.0
Checking in on an old draw, from the depths the old Bear MarketWOW
Look at how we hit the 3.618 Fib Extension!
I'm not an OG Bitcoiner, but became aware of it early maybe in 2012
started doing my research on BTC in 2016 after noticing it was still alive and kicking
and the chart started to look real interesting to me in the mid $400's
and started invested and learning in 2017
we've come a long way since
many inroads & milestone have been made in that time
Now is the s curve adoption phase everything is in place for some unimaginable prices!
(not saying we wont expereince luls, dips, & "crashes" but from what heights!)
🔥 BCH Bearish Break Out From ChannelWith BTC falling, alts are losing value rapidly. One of them is BCH.
BCH has been trading inside a bullish channel since the major sell-off at the end of may, but it appears that a new bullish period has arrived. Keep in mind that BCH is highly correlated to Bitcoin, thus a bullish move could render this break out to be fake. On the other hand, BTC appears bearish in the near future, so a move downwards of BCH is to be expected.
Happy trading!
THE IMPORTANT 5 BTC TARGETS FROM START POINT 33K TO THE GOAL 36KHello trading friends,
This is the target update for BTCUSDT FOR THE GOAL 36K from the start point 33k + -
20 hours ago we did add an update about bitcoin and we did explain why 33K can be the start for a new increase.
If you want to know more about it see the below before idea
In this update, we want to explain where is bitcoin now and what are next expecting.
Bitcoin trend
it is not the best option to trade bitcoin at this time with low price difference action and especially futures as it can be risky. bitcoin has shown last hours a trade way where we see the small traders try to take profit between TP and Entry points. Bitcoin did stay into the lines and has still not made a change out of the zones. we expecting that the next targets that we will explain can bring a good change to the goal of 36K. when we talk about 33K, know that there can be a price difference with + - to know more about the secure wall trend of whales see before the update.
The targets to the goal 36k +
-33637 First target
- 33980 Second Target
- 34867 3TH Target
- 35285 4TH Target
- 36300 5Th Target
Bitcoin goes into lines, and depending on the study and trends we did expect also in the before chart 33k +- can be an important start for the increase and trend are still in processing.
And as always manage good your risk as this will stay crypto and trading, and here are some rules that can support you to manage your funds better.
Day trader rules
# Don't add more money to save the lost order
# Don't trade with no stop limit
# Don't trade with no plan
# All 2 sides are possible
# Know before entering order whats your SL/TP
# Work slowly to your goal
# Dont hope, the market goes on its way
# There is no cheap or expensive in the market
# Make trading notes
# Take a break
# wining more times means not there will not come a loose order.
# Better to lose a part on an order with SL and out than to lose all.
# Build your account to a high level
# Riskmanagement is the key
# Don't be panic, take slow actions. when you feel panic, then you do what wrong.
#Don't change your plan
# Don't take to high risk
# Have always enough space between the price action
# Don't trade the news, as the news most time counted into the chart for example by inside news.
Have a great trading day! and if you like the content give it a like and follow for the new live chart updates.
thank you
NEW MAIN TARGET BTC 36K + BEFORE MAIN TARGET 33k HIT!Hello trading friends,
This are an update for BTCUSDT MAIN TARGET UPDATE.
We did add before a main target of bitcoin to 33600, and we can say that the main target is hit, its time for a new MAIN TARGET, and that's 36k+
This was our before main target for bitcoin 24H AGO:
There are signals that show in the long term a recovery into bitcoin to uptrend - We know BTC is the game of whales, and sometimes there should be a small downtrend before a healthy uptrend.
# SINCE we did start with main trend updates, we can say all of them already hit - the next one is 36K
Don't expect from bitcoin that it will go directly to your goal target, bitcoin is for those who have good plan disicpline and patience. I think the most time you will be also right - the reason that most lose are because they have
low space price action and trade with high risk.
Day trader rules
# Don't add more money to save lose the order
# Don't trade with no stop limit
# Don't trade with no plan
# All 2 sides are possible
# Know before entering order whats your SL/TP
# Work slowly to your goal
# Dont hope, the market goes on its way
# There is no cheap or expensive in the market
# Make trading notes
# Take a break
# wining more times means not there will not come a loose order.
# Better w to lose an order with SL and out than to lose all.
# Build your account to a high level
# Riskmanagement is the key
# Don't be panic, take slow actions. when you feel panic, then you do what wrong.
#Don't change your plan
# Don't take to high risk
# Have always enough space between the price action
# Don't trade the news, as the news most time counted into the chart for example by inside news.
# will the breakout come, then its fine, in trend it's not coming, we still following the next trend. This trend only bases on whale wallet move. ( the possible breakout)
Have a great trading day! and if you like the content give it a like and follow for the new live chart updates. thank you
BCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is approaching its resistance line. We can sell on the ceiling, but if there is a weakness in the process when it reaches the resistance line, and if the price breaks the resistance line and stabilizes above the line, We enter the deal with the above goals. We have identified resistance and support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
What Is a MACD Indicator?Moving average convergence divergence indicator (MACD) refers to a momentum oscillator used for a trend following trading strategy. There are two lines, a MACD line and a signal line. When the MACD line crosses above the signal line, MACD is signaling a bullish trend.
The MACD line is calculated by subtracting the 26-period EMA (exponential moving average) from the 12-period EMA. The signal line, on the other hand, is just a 9 period EMA line.
While most technical indicators only provide a single piece of information about historical price data, the MACD indicator is a versatile 2-in-1 indicator that gauges trend direction and the strength of a trend at the same time.
In this article, we will study the MACD indicator in detail and share some advice on how MACD can be used in cryptocurrency trading and how to identify potential MACD buy and sell signals.
Invented by Gerald Appel 1979, MACD can help investors calculate the direction, length, strength and momentum of a given asset’s price.
MACD Indicator Explained in Detail:
MACD is a trend-following momentum indicator that is part of the oscillator family of technical indicators. It allows you to:
Assess the current trend direction (bullish or bearish) and predict where the price is more likely to go, based on the relationship between two moving averages.
Measure the rate of change of cryptocurrency prices, aka the speed of the trend or its momentum. The MACD momentum readings are useful if, for example, retail traders want to assess the strength or weakness of a crypto trend.
On a price chart, the MACD indicator looks like an oscillator with two moving averages, except without specific boundaries such as the most common oscillators (Stochastic and RSI) have. An additional MACD histogram overlays the two moving averages, which completes the indicator.
To understand what MACD is and how it works, we need to learn the meaning of the moving average (MA) first. When talking about cryptocurrency price movements, MA represents the line on a graph that shows the average value of data collected over a defined period of time.
Traders categorize MAs into two key types: simple moving averages (SMAs) that process all input data equally, and exponential moving averages (EMAs) that grant more weight to the recent data. MACD relies on the latter, as they provide data that is more relevant for making decisions whether it’s worth buying or selling the asset.
Perhaps the best characteristic of the MACD indicator is its simplicity, as the signals it provides are obvious even to total newbies.
However, it’s worth remembering that one should never make a decision to buy or sell some specific coin by relying solely on one signal. MACD can be a great addition to other trading signals such as Stochastic or RSI indicators. Some details about RSI will be given later in this guide.
How MACD Works?
In order to understand how to use an MACD indicator, it’s important to understand its particulars on a graph. The MACD indicator is comprised of three key components:
The MACD Line — the fastest moving average (short-term EMA)
The MACD indicator formula is calculated by extracting a long-term, 26-day exponential moving average (EMA) from a short-term, 12-day EMA. It is usually colored blue.
MACD Line = (12-day EMA minus 26-day EMA)
The Signal Line — the slowest moving average (long-term EMA)
This is a 9-day line designed to show the turns of the price action, usually painted in red.
Signal Line = 9-day EMA of MACD Line
The MACD Histogram — fluctuates above and below a zero line, which helps to identify bullish and bearish momentum readings
The histogram is the difference between the first two elements (MACD line minus signal line). When MACD is above the signal line, the histogram is positive, and vice versa.
Thus, in order to read the signal correctly, one should check the following:
When MACD is positive and the histogram is increasing as well, this serves as a sign of increasing momentum. The price tends to grow in this case, which can be interpreted as a “buy” signal.
Alternatively, when MACD is decreasing together with the histogram value, it signifies that the price is most likely dropping and the asset should be sold.
In the next section, we will provide a more detailed explanation of how to read the MACD signals.
XRP/USDTAn intense decline in XRP prices yesterday morning did not allow buyers to test the orange level of 0.700 USD. As a result of the pullback, the pair returned to the area of the 0.600 USD mark.
Today, in the morning, buyers will try to test the upper border of the descending channel, but they will not be able to break through the red line of the down trend. At the end of the week, we should expect a re-test of the green support of 0.500 USD.
If you liked my idea, follow me for more.
ETH UpdateYesterday morning, the pair failed to gain a foothold above the psychological level of 2000.00 USD and during the day the ETH price rolled back into the blue channel.
Late in the evening, buyers tried to pull the price out of this side channel, but failed to break through its upper boundary of 1860.00 USD.
Tonight, there was a large spike in volumes on the market 13 times higher than the average trading level, while the price of ether dipped below 1800.00 USD. In the morning, the volumes decreased and buyers are probing the upper border of the side range for strength.
Until the end of the week, a pullback to the lower border of 1735.00 USD is expected. If bearish pressure intensifies, a pullback to support at 1660.00 USD is possible.
If you liked my idea, follow me for more.