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BITCOIN CASH TBM (TO BE MONITORED) FOR LONGHello, despite I do not like the coin due to the well famous reasons, it is showing an interesting pattern and an interesting level to enter on (40bch for 1 btc). It will not be held in my ptf for long, just for a quick trade in case. The breakout was strong but not followed by other green candles, and despite we are above the support (red area), I would like to wait for a further confirmation before entering long: which is, I want to see the price above 0.026. In that case,a good pump can occur.
Long
by edutradinguru
BCH/USD - 🛑 SELL (target $208.3) | 7 reasonsHello everyone! BCH has 7 reasons to decline further. Thumb UP 👍 and read the further analysis. 1. The support line has been broken since December 2018. There was also a large volume of orders (the red line of the VPVR indicator). 2. RSI continues its gradual decline. 3. The MACD shows a break of the 0 line down - a bearish signal. 4. Sentimental analysis-shows a red mark. 5. Technical analysis - red mark. 6. Community analysis - red mark. 7. Github-drop of the project's codebase. Conclusion: SELL with a take profit of $208.3
BITSTAMP:BCHUSDShort
by Fandorinn
1
Is BCH / BTC ready for Altseason? High risk 600%+ Potenc. ProfitKRAKEN:BCHXBT Is approaching a strong support zone around 0.02359, a perfect buy if you believe that Bitcoin Cash have power to go up. Bitcoin Cash is known for its cheap transaction fees and active founder, but on the other hand it is not very respected by experienced traders. Since BCH appeared, Roger Ver tried to overtake the real BTC and caused a lot of confusion for new crypto enthusiasts and all. Because of that it got a lot of hate and was pumping fast but dumping even faster. My personal opinion is Neutral, entering long near support zone is a great opportunity but also a high risk. High risk consists of losing the support and dump lower than Challenger Deep (the deepest known point in the Earth) Risk:7 Reward: 7 What do you think about Bitcoin Cash? Are you positive or negative about it and the project in general?
Long
by Crypto_Burns
2
BCH/USDT 12H (Binance Fut.) Channel on support & falling wedgeTA: Bitcoin Cash is holding that support, and as long as the BTC pair is looking bullish, I'm expecting a big growth. Also, we can see that the falling wedge broke-out then pulled back, this is another positive sign. Current Price= 232.86 Buy Entry= 231.80 - 226.30 Take Profit= 269.95 | 313.53 | 357.11 Stop Loss= 208.60 Risk/Reward= 1:2 | 1:4.13 | 1:6.26 Expected Profit= 53.58% | 110.64% | 167.73 Possible Loss= -26.79% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 3x Estimated Gain-time= 720h
Long
by TradingOn
2
BCH/BTC 1D/4H multi timeframe Ichimoku and Bullish Divergence!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BCH has been on a bearish trend lately. Now after testing S1 4 times ( circles ) it does seem like it found a bottom. And during those 4 bounces of the S1 the RSI has shown a stronger divergence on each test ( Purple rectangle ). It's still under the cloud and under the Kijun ( Dark Blue line ) on the Daily but is testing the Tenkan ( Yellow Line ). On the 4H the Tenkan crossed over the Kijun which points to some bullish momentum coming. The timing could be difficult but it does seem likely it will try to go up a bit and with the cloud and Kijun on the Daily being a strong resistance there are a couple of plays. If you wait for a break of the Kijun on the Daily you would have better odds and take profits on the first test of the bottom of the cloud as it should give resistance at least on a first test, but if it breaks through the cloud the upside potential is 100%.
Long
by VrotteOtter
2
BITCOIN CASH 🔞 | Why Mom Was Right About Bitcoin Cash..⚠️ Roger Ver has given to charity, not just in real life (props to him for that) but also by holding BCH while price grinds sideways. That said, maybe Ver knows something we don't about the way BCH will move after this long and unimpressive consolidation. It isn't like Bitcoin Cash doesn't have a market cap, adoption, great news (depending on if you see this on bullish or bearish) like a new perp contract on Bitmex, or a use-case. It is just that, like Litecoin, it is one of those high caps that has been underperforming an otherwise bullish market recently. Whether BCH is about to try and break out of this pennant to the up or downside is anyone's guess. One thing is for sure, that is this price action is pretty ugly for one of the biggest large-cap cryptos in an overall bullish market. Let's take a look at some levels to see what the bears and bulls have going for them depending on the direction we move once we leave this painfully large pennant of accumulation or distribution. Support: The bulls better pray we see a reaction at the S1 orderblock and prior swing low, as this level is also at the bottom trend line of the pennant. It would be pretty absurd for BCH to breakdown after all of this without a move down from the broader market. If the bears can take BCH lower, then the bulls get one last shot to get back inside the triangle at the S2 bullish orderblock. If a move off S2 fails, or if S1 doesn't see a reaction, the last hope for the bulls is the S3 S/R flip. Given the amount of weakness seen in BCH recently, the bears might actually be able to break S3 and find news lows if they can gain sufficient momentum. Resistance: The R1 orderblock at the point of the previous breakdown is the first point of resistance. This resistance lines up with the top trend line of the pennant, so it is an obvious place to be rejected. If R1 can be broken, the bulls get a fighting chance. Above R1 is the R2 orderblock from the prior swing high. If the bulls can breach R2 without falling back down into the pennant, then the R3 bearish S/R flip becomes the last thing standing between the bulls and gaining some momentum for a new BCH bull run. Summary: When Bitcoin Cash picks a direction it tends to trend hard. Right now BCH is trending hard sideways. This is a pretty bad look for BCH given the amazing strength Bitcoin and other cryptos have shown since the COVID bottom. The one thing going for the bulls here is that BCH has a long way to catch up if and when it starts to run, so there is a path to glory if BCH bulls can leave the starting gate. With that said, it is likely the bears have this one in the bag if this price action doesn't really start to pick up... Resources: cryptopotato.com + news.bitcoin.com + www.finextra.com Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣
by AlphaBotSystem
4