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BCH

Why not use the left-side trading strategyInvestment has always been diversified, many people choose to bargain, low suction and high throw; some are on the right. The method is not good or bad, but for different markets, we should choose a suitable way, rather than mechanically mechanically. Buffett is a typical left investment, many times he can hold for ten years or more, so everyone respect him as the god of shares. But that is the fundamental logic, there is the target of long-term investment value. But in the digital currency market, altcoin does not have solid fundamental support, so the left trading method may bring huge losses. I made a simple count on the weekly chart, where most altcoin s have fallen over 70%, but is that the bottom? In the last bear market, altcoin mostly fell 90%. Regardless of the time cost you need to cover, that is, there is 20% in space. If your source of money is borrowing and using leverage, how much pressure will you bear? The reason why many people can not maintain a good attitude is not that they are naturally urgent, but under the pressure, can not maintain a good attitude. Therefore, I have always suggested that you use the right trading standard, on the one hand, we can avoid the uncertain time cycle, many times, at the bottom will be sideways for a long time, even if you buy a low point, but can not make profits, that is, lose the opportunity to invest in other targets, will also let their doubts, resulting in the imbalance of mind. Summary: For the lack of consensus, lack of fundamental support, lack of institutional funds, we should adopt the right-hand trading strategy.
by peter-l
BTC/USDT AnalysisFor analysis I will take the history of the previous impulse (from the 3.5k accumulation zone to 14k highs). The same 5-wave impulse according to Elliott. (impulse - correction - impulse - correction - impulse). The 4th wave took on a more complex shape in the form of a horizontal plane, and the 5th wave was an extended impulse, 161.8% of the third impulse. The impulse is complete, corrections do not go beyond the orthodox peaks. All rules are followed. There are quite a few interesting points on this chart: After the parabolic growth, we returned to the normal growth trend. This is an excise. Thought also confluenced with FOMEO as he shared in his recent VID. Price analysis between 23 may low to 20 june overall structure shift. June 3rd week shift a change in BTC price structure by breaking the sequence of LH and printing High at 41k* . To keep valid this shift , price needs to hold 34630 (the low formed before Printing High) Break below 34630 would put this new change in structure into weakness and considered as First invalidation level. Further on, Only holding of 33.4K confluenced with 0.786 Fib will defend this structure to be have bullish If this fail and price touch 31k level , i would wait for some more price development before considering any potential plan. The fall from the peak was 36%. If we stretch the Fibo to this impulse (14k-9k), then the cue ball corrected this impulse to fall to 0.618 Fibo and realized the dragon (we came to the level of the head). (12.2k). Breaking through both the counter-trend and the 0.5 Fibo. The situation with the removal of stops is also interesting. This is the same previous "cross of death". There was a monotonous fall, they put everyone in shorts, long and hard. I remember being manipulated in a glass. On the asks, they set up walls near the market price, psychologically encouraged the crowd to sell the asset, and bought them out from bids in small volumes. And in the 6-7k range there was a very powerful buyer's block, there were thousands of cue ball to buy. They were not allowed to purchase this block, despite the high-quality work done in the glass and in the news feed (death cross) in order to intimidate the crowd. As we can see on the chart, the momentum was 40% up for 2 days. Not a single stop, not a single deposit can withstand this. Therefore, shorting the cue ball is a thankless job. The long situation is also interesting. The price was stopped by the 0.618 correctional fib and the border of the main growth channel. Excellent entry point to long. But even here there was a place of manipulation, everyone who put stops for protrading was punished. They knocked out the stop, left it without coins and moved the price by 40% within 2 days. We project onto the current situation and draw certain conclusions. I also emphasize that this is a cryptocurrency market. This is an evil market, where there is no regulator, where constant psychological attacks on the consciousness / subconsciousness of an unprepared speculator, where volatility is high, where X's are possible, but their direction is questionable. Therefore, there must be a specific plan of action. If you liked my idea, follow me for more
by MonoCoinSignal
Bitcoin Cash (BCH) formed bullish Shark for big moveHi, dear friends, hope you are well and welcome to the new update on Bitcoin Cash (BCH). Previously we had a nice trade of BCH: Now this time, on the 4-day chart, the price action o BCH has formed a bullish Shark pattern. The priceline has already visited the oversold zone as it was dropped up to $468 and moved up. However, if the 50 simple moving average will be broken down, then it can give us another chance to catch it from the buying zone of this pattern. There is also 100 simple moving average support in the potential reversal zone. Buying and sell targets for Shark move: Buy between: $530 to $340 Sell between: $789 to $1265.42 Stop loss: The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $340. . Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 270%, and a high loss possibility up to 36%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average ( EMA ) less the 26-day EMA . Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA , the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line. ✅ MACD's formula: MACD = 12-Period EMA − 26-Period EMA ✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high. ✅ The box below the chart has 2 lines which alert traders when a crossover happens: Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation. ✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by MonoCoinSignal
BCH/USD LONGBCH /USD LONG **Still waiting for entry** This is literally the exact opposite trade to the idea I posted two days ago - which would've played out great if I had held strong with diamond hands. Lesson learnt. Here are my reasons for looking to enter a long position on BCH /USD. The confluences for my entry: ✓ Holding at a key level of support ✓ Double bottom with May low ✓ TD 9 printed on 2hr candle ✓ Higher volume has been entering at these lows ✓ Stochastics crossing upwards - exiting the bearish control zone ✓ Krown Stochastic indicating a buy signal ✓ RSI momentum heading out of bearish territory into neutral Concerns; We are still in a strong downtrend on most timeframes. Will manage risk at EMA and Fibonacci levels. I will enter a long position with a stop loss below the wick of the reversal candle/ TD Sequential 9 after a green TD1 confirmation candle next. ** this is not financial advice **
KRAKEN:BCHUSDLong
by samfregonese