💎BCHBTC: Investment For #ALTSEASON2021🚀🚀🚀🚀🚀🚀BCHBTC has just broken frm long falling channel, best time to buy and hold as investment.
My Target is 0.040 sat in upcoming weeks. Keep Buying on DIPS
Bchbtcshort
BCH/BTC TA Update (Bullish Pattern Confirmed?)BCH/BTC
BCH broke bullish of this inverse H&S pattern and currently testing the old resistance to potentially turn into new support territory.
Bullish momentum cross of 26 EMA and 50MA on the 4H time-frame gives us to shift bias to the upside.
Now, BCH needs to hold this current price levels for at least 24-48H to keep this short-term uptrend intact.
A price drop close below 365 sats will invalidate this trade.
BCH/BTC TA UpdateBCH/BTC
BCH broke upward trend-line support but immediately bought up at a key support area between 0.382-0.5 Fib.
This area of support also coincides with the 50D MA plus the previous swing Low at 0.0370 sats which resulted in the price reaction to pull back up by 10%.
I'm expecting BCH to consolidate at these current levels for the next 24 - 48 hours before another move will happen.
The overall priority remains bullish as we are scouting for weekly Higher Low to form.
BCH/USD TA Update (Bull Market?)BCH/USD
BCH went straight up over 37% within a day and passed thru 200D MA too.
We know the history of BCH, it loves to pump hard and dump hard after but this one is a bit different.
BCH breaks key resistance areas and trading above $300. I'm not buying this coin yet,
I'll wait for the price to pullback at key support areas where the 200MA coincides.
BCH/BTC TA Update (Breakout Confirmed?)BCH/BTC
BCH just closes the day with an engulfing bullish candle and above key resistances. Now that resistance areas are broken,
BCH has to do is to confirm this old resistance turning into new support and we can see another 10% move up before it reaches our target zone.
But we can't be overconfident even the 200MA is on our side during this uptrend, the RSI is a bit extended be prepared if in case BCH has to retest the upward trend-line support before it continues Higher High.
BCH/BTC TA Update (Temporary Top?)BCH/BTC
BCH reached the target zone and now facing a potential pullback to retest on previous resistance to turn into new support between 0.02929 - 0.02838 regions.
After BCH reached overbought condition after quite some time, the price immediately reacted and reversing back to a normal level.
BCH may have to consolidate and find new support to continue its uptrend in the mid-term.
BCH/BTC TA Update (Bullish Trend-change?)BCH/BTC
BCH broke bullish after trading outside the trend-line resistance. We can see an EMA cross of 12 & 26 on the Daily time-frame.
This will signal an early sign of momentum change to the upside. I expect BCH to cool down a bit as the price is extended during its breakout.
A retest of the EMAs and immediate support between 0.382 and 0.236 regions.
BCH/BTC TA Update (Painting a Bear Flag?)BCH/BTC
BCH broke the support area between 2690000 - 2630000 sats and currently struggling to get above the old support.
If Bitcoin Cash is unable to get above 270000 sats, I expect further downside to retest the old swing low at 240000 sats regions.
Though RSI is too extended below oversold conditions, we might see a pullback to the upside.
Bitcoin Cash broke support expecting more downsideBitcoin cash broke support i will be looking for a short on a pullback on the S/R level.
The box ive drawn shows a liquidity Gap which means that area has been traded through inefficiently so i expect this to be filled. I normally do not like to trade Bitmax altcoins but this setup is just A+ .
BCHBTC - Short again at DailyBitcoin cash / Bitcoin is still in the long-term downtrend. Look at the left two wave groups decide the decay still effective:
1. Weekly: (I) (II) (III) ... currently in wave (III)
2. Daily I, II, III ... are currently in wave IX increasing the adjustment to wave X.
Plan 1: Waiting for X wave zone waiting for a signal to sell down XI wave.
Plan 2: sell limited at 0.07852-0.07994
Stop loss: 120fibo (0.08290)
Take profits 1: 61.8fibo (0.07132)
Take profits 2: 100fibo (0.06581)
BCHBTC ShortWhy wouldn't you be short here?
Weekly view is the single most eye opening thing I've looked at this weekend for many assets...
I am shocked and appalled with myself for not seeing this so much sooner.
If you're late to this party, I wouldn't worry, I am confident in the 100% retracement.
See you there.
This is not financial advice.
