#BCH/USDT#BCH
The price is moving in a descending channel on the 12-hour frame and is sticking to it greatly and is about to break upwards
We have a bounce from the lower limit of the channel, price 294
We have an upward trend on the RSI indicator about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 326
First target 387
Second target 444
Third target 514
BCHABCUSDT
#BCH/USDT#BCH
The price is moving within a 1-day ascending channel pattern, which is a retracement pattern
We have a bounce from a green support area at 405.00
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 466.05
The first target is 571.10
The second goal is 620.40
The third goal is 692.20
BITCOIN CASH LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BITCOIN CASH as price action shifted the market strucutre from bearish into bullish making the retracement move back into the bullish orderblock area on the H4 exactly on the psychological figure 300$. We also had a lot of wicks pressure aka buyers getting in on 280$ price area.
What do you think ? Comment below..
#BCHUSDT looks prime for 500% Rally!Welcome to this quick BCH/USDT 1day analysis in the chart.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-#BCH/USDT looks triangle pattern create and 500% Rally confirms and long term hold!
Entry:-$262
$317
Target:- 400% TO 500%
Stoploss:-$210
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of BCH in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
#BCH #USDT Buy SetupCOIN: $BCH/USDT (3-5x)
Direction: LONG📈
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One of our monthly top performers once again ready to explode. Looking on higher time frames like BCH is getting ready to confirm that $540 low was our mid term bottom.
ENTRY: 546 - 565
OTE: 541
TARGETS
Short Term: 573 - 583 - 595 - 610 - 630
Mid Term: 650 - 680 - 720 - 760 - 800
STOP LOSS: 521.3
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BCH 1D Strong buyer is gaining position for a long time, up soonIt seems that large BCH investors still have big plans for growth.
Otherwise, we do not find another logical explanation, looking at the accumulation of coins during 2019-2020.
In 2019, the coin was sold twice above $380 , fixing the profit.
However, during the 9 months of 2020, the coin was very diligently bought in a narrow range.
Also, at the end of 2020, there was a break of the historical purple trend - up , which stretches from a high $4,000. The beginning for strong growth is laid.
Now it is important for BCHUSDT buyers and manipulators that the price does not fall below $360-400 , we take the average value, the level of $380 and record it in memory as the most important mark.
If the bullish scenario continues, it will be possible to buy tasty in the above-mentioned zone.
We will fix 300% profit, around $1200 for the BTC fork - BCHUSD.
PS:
We wrote about a possible BTCUSD cost fall two days ago in the weekly digest, read it in full)
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Bitcoin Cash Looks JuicyBitcoin Cash gained some upward movement. The coin is bounced back from the support zone. We have a hardfork coming for BCH. The hardfork will happen on 15 November and everyone knows the history of hard forks. The coin usually pumps before the hardfork and dumped on the day of the hardfork. Buy and hold BCH until 10 November and exit the coin before the hardfork date.
Buy Zone: $235-$240
Targets: $265- $290 - $315- $350
Stop Loss: below $200
BCH/USD - trade from levels.
I take extreme movement like a double bottom.
Target is $238-$240.
Buying at Fibonnacci level 0.61 and 0.5
This is the area where yesterday's opening price is.
$233 is a mirror level.
You can't break through it the first time.
We'll have to go for good power.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
#Bitcoin Cash Strong support#Bitcoin Cash Usd ( Short Term )
Targets expected to be reached :
Target 1 : 432 $
Target 2 : 459 $
Target 3 : 491 $
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$BCH hit our first target! Whats next?As we have outlined first tren reversal in Bitcoin Cash here on Tradingview and made on this more than +40% already - our first target was fully reached. It's a good time to take profits here. I am still expecting to reach the second target ($260) immediately or with a little pullback to our new Key Support level ($220), where you can add into your long.
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BCHUSD Has Completed The Bullish Setup For Upto 163% GainsThe price correction and formation of pennant:
After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the price action is going through the price correction period since Jun 2019 Upto Dec 2019.
Now the price action is hitting 0.786 Fibonacci projection of lowest point of Dec 2018 to highest point of Jun 2019.
With the price correction the price action has also formed a pennant with four touches at the support of the pennant, this time the priceline has hit the spike beyond the lowest band of Bollinger bands and hit the support of the pennant and like to have a bounce form this point.
The moving averages:
If we see the moving averages then on day chart the exponential moving average 10 is likely to form a golden cross with exponential moving average 20 like it formed in Oct 2019, at this time the EMA 10 is crossing down the price action to lift it up then it might form a golden cross with EMA 20.
It will be 1st golden cross of above said exponential moving averages since after death cross which was formed on 17 Nov 2019 but this time the price action has already hit the support of pennant therefore this time we can have more powerful bullish divergence than the previous move Oct 2019.
The true cloud reversal:
On 4hr after 12 Nov 2019 the ichimoku cloud is proper reversed to bullish 1st time after 12 Nov 2019 when it was turned bearish during this time period the cloud was reversed to bullish on 3 Dec but that was clearly false reversal coz at that time the lagging span was failed to cross up the priceline and conversion line was also not able to proper cross up the base line but this time we can see very clear the lagging span has proper crossed up the candle sticks and conversion line has also crossed up the base line in very obvious manner and the cloud is also turned bullish therefore this time the cloud reversal is likely to be very true.
Oscillators:
The Relative strength index (RSI) was oversold and now it has turned strong bullish on the other hand if we see the stochastic RSI then it was also oversold and now turned strong bullish by giving bull cross from oversold zone and the moving average convergence divergence (MACD) has also given strong bullish signals by giving bull cross.
The harmonic move and Volume profile:
The price action of Bitcoin Cash has also formed a Gartley pattern which was started since Dec 2018.
After initial leg (X to A) the A to B leg is retraced almost upto 0.618 Fibonacci (there is slight difference of 0.027 Fibonacci but all legs are driven perfectly as required for bullish Gartley therefore I have ignored this slight difference and considering it upto 0.618 Fibonacci levels), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally the C to D leg is retraced between 0.618 to 0.786 Fibonacci level and here the Gartley is completed and from this are the potential reversal zone starts.
Now the price action is expected to take bullish divergence between 0.382 to 0.786 Fibonacci projection of A to D leg as it has already projected and again entered in potential reversal zone but the price line may take another bullish divergence to hit the sell zone as if we see the Volume profile of complete pattern then it is still showing very less interest of traders below this potential reversal zone of Gartley pattern.
So according to this pattern we can set our targets as below:
Buy between: 243.03 to 168.34
Sell between: 301.81 to 443.66
So this time the Bitcoin Cash's move has potential to give upto 163% gains, however our stop loss point would be the base of this potential reversal zone in case of complete candle sticks closes below this support level.
Regards,
Atif Akbar (moon333)
BCHABCUSDT Chart AnalysisIt is likely that all the lines will cross the 200-day MA again, which will see a extreme fall.
We must keep watching and stop trading for now.
BCHABC - Is BCH ready to pump?! Check out this fractalLooking at BCHABC's daily chart, I believe we have a very bullish set up. In fact, I'm surprised the price isn't higher as bullish as the MACD is. This very well could be an indication that the price will soon jump. The price action has broken out of a descending wedge and appears to be repeating a pattern it did in April. Not only does the price action match that of the fractal in April, but the MACD from April also matches today's position. I will have a buy order ready on the breakout because I think the price could really jump if it gets moving.