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BCHBTC

BCHBTC 1D death cross, fib, and support zones.BCH is just now working on its 1D death cross (200 EMA crossing above the 55 EMA). This fits nicely with BCH rising into a nice orderblock (blue box). We have a confluence of multiple resistances here - 618 fib, stacked 55/100/200 EMA , and daily volume profile PoC . Looking at RSI , we see a trend line that it is likely to test and stochs also looking like a bit of upside, which should see us moving up to these resistances. I will be layering shorts from PoC (~.0339) to 200 ema (~.0352). Target here is the next order box (.0265, 25% move). Will start phasing out of short if we get any 12h or 1d closes above this order box (~.0365), with a SL at .0388.
Short
by nfamy
1
BCHBTC: Is the next bullish wave about to happen?Here is my view on Bitcoin Cash vs BTC for the next few months. After ranging for half a year between 0.025 and 0.034 followed by a breakout through resistance, the price has found its support between 0.030-0.035. If we do get a bullish confirmation in terms of a huge green candle that goes +15% or +20% up then it will be a great confirmation for bullish continuation. In this case, I expect the price to reach at least 0.06. What to expect next? In my opinion, it is not the best idea to jump in right now and hope for a blast. We should not guess the move but rather act accordingly. Ideally, we want to sea a bullish confirmation shooting above 0.037. If that happens, it is considerably safe to open long with the stop-loss around 0.031. The risk-reward ratio in that case will be up to 5:1 or even higher. What if...? This scenario will be violated if the price drops sharply below 0.029. If this happens, then we might see another 1-2 months of a sideways movement before any significant price action occurs again. Remember, the price of entry does not matter as long as the Risk-Reward Ratio is good enough and the market shows actions according to your strategy. What do I meen by that? Let's say you are expecting a green confirmation for your entry and suddenly the price moves much faster and much further than you expected. Should you still enter that trade? If it does not violates your rules for entries then yes definitely you should enter a trade. Stronger move means stronger confirmation for you and thus more confidence in your strategy. ======================================== GENERAL RULES TO KEEP YOUR ACCOUNT SAFE: 1. Do not risk more than 2-3% per trade! 2. Try to wait for a trade with the Risk-Reward Ratio of at least 3:1 3. Always use stop-loss! 4. Do not FOMO and do not add to a losing trade 5. Remember: Patience is the key! THIS IS NOT A FINANCIAL ADVICE so please do not follow it if you are in doubt. DYOR!
by myka
BCH BTC LONGIt looks like bch has completed a falling wedge pattern, which is often bullish. The pattern is interesting because there is triple bullish divergence on the RSI, the price in satoshi is dropping, but the momentum isn't following to the downside. A bounce could be incoming. This combined with the btc halving could see bch propel higher. IF it breaks the dotted line (resistance line), then it's highly likely that bch will complete the inverse head and shoulders reversal pattern. The same structure can be observed in other coins as well, such as ETC. As usual the post is for educational purpose only. :)
Long
by darkpiggie
Bitcoin Cash: Descending Channel Consolidation 4H (Apr.23)X FORCE GLOBAL ANALYSIS: In this analysis, we take a look at the technicals demonstrated in the chart of Bitcoin Cash (BCHABC) Bullish Evidence - Previously, we have seen parabolic breakouts for Bitcoin Cash after consolidation phases - It could be said that we are currently consolidating within a downwards parallel trend - This could turn out to be a textbook bullflag pattern - We are still above the 0.236 Fibonacci Support - The Relative Strength Index (RSI) shows higher lows Bearish Evidence - We are in a downtrend, creating techincal lower highs and lower lows - We have broken down from the 0.5 Fibonacci resistance, the 0.382 Fibonacci resistance, and now possibly the 0.236 Fibonacci resistance - The RSI also shows lower highs - The Moving Average Convergence Divergence (MACD) demonstrates mixed signals and a lack of momentum to drive a bullish breakout What We Believe We believe that Bitcoin Cash will continue its bullish rally only given that it breaks through and closes above the descending parallel channel trend line resistance. Trade Safe.
COINBASE:BCHUSD
by XForceGlobal
2
Bitcoin Cash Trend ReversalWe can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom. I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position. Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
7
Bitcoin Cash Bounce Off SupportBitcoin Cash retrace is coming to an end? We can see here a higher low (light blue) and prices starting to move above EMA10. BCHBTC can move to the upper side of the purple channel. The indicators are looking good but the trading volume is still low. Normally a bearish signal but since today is a Saturday we can either expect to see the trading volume grow by Monday or else experience a drop. We remain bullish on BCHBTC as long as prices are trading above 0.028840. This is not financial advice. Thanks a lot for reading. Namaste.
by AlanSantana
3
BCH/BTC 2H (Binance) Falling wedge break-out & on supportBitcoin Cash is looking quite bullish on that Time-Frame, even the RSI is showing a break-out. I'm expected to catch it on the pull-back, but I will start entering now above 20EMA (red one): Buy Entry= 0.032750 - 0.032150 Take Profit= 0.033633 | 0.034488 | 0.035853 Stop Loss= 0.031269 Risk/Reward= 1:1 | 1:1.73 | 1:2.88 Expected Profit= 3.65% | 6.28% | 10.49% Possible Loss= -3.64% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x | 3x | 5x
Long
by TradingOn
BCH - OVERBOUGHTBitcoin Cash (BCH) broke out of $250 on April 6, which caused our purchase proposed in an in advance analysis. Today, the bulls scaled the fee above the 50-day SMA ($266) but are struggling to maintain on to the intraday gains. This indicates that the bears are lively at higher levels. If the BCH/USD pair dips back beneath the 20-day EMA ($236), a drop to $two hundred is possible. Below this level, the pair will flip negative. Therefore, the traders can hold the stop loss on the lengthy positions at $197. Conversely, if the pair surges above $281, a rally to $350 is likely. Therefore, the buyers can path the forestall loss to $220 after BCH sustains above $281 for four hours.
GEMINI:BCHUSDShort
by aleex5893
THE DAY OF THE BREAKOUT in 24H expecting btc to 7800 area!Expecting that bitcoin will get a breakout depens on the whale effect --> usdt The binanace whales shows a signal that they can enter ---> 717,000,090.350919 USDT I expecting as my chart says in 24H a breakout. # Nobody know the future, this are expecting depens data/whale effect # dont follow this as advice and trade on your way. Have good day !! if you like the post pleas give it a like, and follow for more updates.
GEMINI:BTCUSDLong
by Protixder
13
BCH / USD — Be Careful. Price approaching Neckline. +25% profitHey guys! Here is another update of the BCHUSD. Since last chart on it, it gained +25% profits. This is good amount. I recommend to fix that. Now price approaching strong resistance zone in between 300 and 350. Keep your risks in control. I don't recommend to buy this thing from current prices. Possible entry from uptrend line, strictly recommend to have stop loss. Bitcoin Cash is high volatile asset, so there is a high risk of loosing position. Be careful. If you following somebody with good Risk/Reward and Win Ratio. Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor. Please don’t follow any analyst blindly on this website. Always use stop loss to prevent yourself from losses. Make sure you understand and afford the risk. Please. ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊 Stay tuned to Artem Crypto
by ArShevelev
7
BCHBTC Low Volume|Bearish Pennant|Apex| Breakout imminent Evening Traders, Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent. Points to consider, - Local Trend bearish - Price trading near apex - RSI testing support - Stochastics projected down - Volume extremely low - Local support - .50 Fibonacci BCHBTC’s local trend has been bearish, consecutive lower highs evident; this can be considered as a bearish pennant, a continuation pattern. Price is coiling up near its apex, support and resistances are converging, decision time is upon fruition. The RSI is testing its support; break will highly coincide with further downside momentum, similar case with the stochastics that’s already projecting down. The volume is clearly below average, this signals a breakout being imminent from this current formation. A break bearish needs to close below the .50 Fibonacci Level, this will confirm continuation in the trend, as local support is breached. Overall, in my opinion, BCHBTC is upon a break, this current formation can be regarded as a bearish pennant as the trend is clearly making consecutive lower highs. What are your thoughts? Please leave a like and comment, And remember, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Short
by AzizKhanZamani