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BCH short term ideaEverything on the chart (^_^) Trade in profit! Push up Like button if you like my reviews and help you understand the current market situation! Subscribe to the channel and stay tuned for trading ideas that are not trading recommendations. And remember! You must have your head on your shoulders! Do not trust anyone - not even me :) Thanks to your likes, I understand how many people rated my review positively. I spend my personal time monitoring the market situation and share my opinion openly with you. Please take this moment into account and treat it with understanding.
by Cryptalion
3
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)
COINBASE:BCHUSDLong
by moon333
There is a probability of resuming the uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. While the RSI uptrend #3 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.8) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
2
There is a probability of resuming the uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. While the RSI uptrend #3 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.8) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
18
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 78. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.0) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 78. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.0) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
BCH - MAKE $$$ SHORTING BITCOIN CASH PRIOR TO HARD FORK ON NOV15Analyzing the $BCH chart we can see a high probability of a down trend and hopeful retracement down the fibonacci level and moving averages. My personal trade is as follows: --open short position on 5x leverage at the .0750 level --take profts at P1, P2 --close trade at the golden ratio .619 which also coincides with the 50 day moving average. Gredy trade: -- wait for a spike back to the .0766 level --take profts at P1, P2, P3 -- close your trades at the P4, P5 ranges which is also the 100 and 200 day moving averages. Could even monitor how the fork date goes and if a heavy drop coincides that may even be able to reach the .382 fib level.
BShort
by bardownzy
5
BCH $$$ in the PocketWe have BCH breaking out and consolidating. There are multiple patterns and supporting price action at many levels. Zooming out on the daily again presents a very strong case to acquire and HODL I have labeled basics to paint a picture for you. Research BCH and analyze your risk. Regardless of recent bad news, remember BCH transactions are faster and cheaper than BTC. And we are nowhere yet near mass adaption. We are literally picking coins off the street ( plenty of them LOL) HODL ON
KRAKEN:BCHUSDLong
by DelorenFX
2
A Second Chance to Buy in BCHUSD ...New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume. *There is still a possibility of temporary retracement to suggested support line (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 832.10 would begin in Midterm. Technical analysis: The RSI bounced from the support #1 at 35 and it prevented the price from more losses. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 39. Take Profits: TP1= @ 748.60 TP2= @ 832.10 TP3= @ 945.70 TP4= @ 1120.15 TP5= @ 1292.20 TP6= @ 2026.20 TP7= @ 2811.15 TP8= @ 4088.05 TP9= Free Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07. Total Profit: 331814 pip Closed trade(s): 179930 pip Profit Open trade(s): 151884 pip Profit Closed Profit: TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit. TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit. TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit. TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit. TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit. 12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip Open Profit: Profit for one trade is 1007.60(current price) - 627.89(open price) = 37971 pip 4 trade(s) still open, therefore total profit for open trade(s) is 37971 x 4 = 151884 pip
BLong
by ForecastCity
A Second Chance to Buy in BCHUSD ...New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume. *There is still a possibility of temporary retracement to suggested support line (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 832.10 would begin in Midterm. Technical analysis: The RSI bounced from the support #1 at 35 and it prevented the price from more losses. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 39. Take Profits: TP1= @ 748.60 TP2= @ 832.10 TP3= @ 945.70 TP4= @ 1120.15 TP5= @ 1292.20 TP6= @ 2026.20 TP7= @ 2811.15 TP8= @ 4088.05 TP9= Free Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07. Total Profit: 331814 pip Closed trade(s): 179930 pip Profit Open trade(s): 151884 pip Profit Closed Profit: TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit. TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit. TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit. TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit. TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit. 12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip Open Profit: Profit for one trade is 1007.60(current price) - 627.89(open price) = 37971 pip 4 trade(s) still open, therefore total profit for open trade(s) is 37971 x 4 = 151884 pip
BLong
by ForecastCity
4
A Second Chance to Buy in BCHUSD ...New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the level 1292.20 is not broken, the Midterm wave will be uptrend. Price may also reach 1292.20, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 1292.20 is broken. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 66. Total Profit: 571894 pip Closed trade(s): 179930 pip Profit Open trade(s): 391964 pip Profit Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07. Closed Profit: TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit. TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit. TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit. TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit. TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit. 12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip Open Profit: Profit for one trade is 1607.80(current price) - 627.89(open price) = 97991 pip 4 trade(s) still open, therefore total profit for open trade(s) is 97991 x 4 = 391964 pip Take Profits: TP6= @ 2026.20 TP7= @ 2811.15 TP8= @ 4088.05 TP9= Free
BLong
by ForecastCity
A Second Chance to Buy in BCHUSD ...New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the level 1292.20 is not broken, the Midterm wave will be uptrend. Price may also reach 1292.20, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 1292.20 is broken. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 66. Total Profit: 571894 pip Closed trade(s): 179930 pip Profit Open trade(s): 391964 pip Profit Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07. Closed Profit: TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit. TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit. TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit. TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit. TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit. 12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip Open Profit: Profit for one trade is 1607.80(current price) - 627.89(open price) = 97991 pip 4 trade(s) still open, therefore total profit for open trade(s) is 97991 x 4 = 391964 pip Take Profits: TP6= @ 2026.20 TP7= @ 2811.15 TP8= @ 4088.05 TP9= Free
BLong
by ForecastCity
3
BCHUSD , TP3 HIT !! with 250999 pip profit !BITCOINCASH/DOLLAR Total Profit: 250999 pip Closed trade(s): 64273 pip Profit Open trade(s): 186726 pip Profit Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 04.07.2018. Closed Profit: TP1 @ 748.60 touched at 04.13.2018 with 12071 pip Profit. TP2 @ 832.10 touched at 04.18.2018 with 20421 pip Profit. TP3 @ 945.70 touched at 04.19.2018 with 31781 pip Profit. 12071 + 20421 + 31781 = 64273 Open Profit: Profit for one trade is 939.10(current price) - 627.89(open price) = 31121 pip 6 trade(s) still open, therefore total profit for open trade(s) is 31121 x 6 = 186726 pip Take Profits: TP4= @ 1120.15 TP5= @ 1292.20 TP6= @ 2026.20 TP7= @ 2811.15 TP8= @ 4088.05 TP9= Free Midterm forecast: While the price is above the support 279.80, resumption of uptrend is expected. We make sure when the resistance at 1120.15 breaks. If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 65.
BLong
by ForecastCity
1
BCHUSD , weekly update: Total profit 130070 in 6 daysTotal Profit: 130070 pip Closed trade(s): 12071 pip Profit Open trade(s): 117999 pip Profit Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07. Closed Profit: TP1 @ 748.60 touched at 04.12.2018 with 12071 pip Profit. Open Profit: Profit for one trade is 759.00(current price) - 627.89(open price) = 13111 pip 9 trade(s) still open, therefore total profit for open trade(s) is 13111 x 9 = 117999 pip Take Profits: TP2= @ 832.10 TP3= @ 945.70 TP4= @ 1120.15 TP5= @ 1292.20 TP6= @ 1538.95 TP7= @ 2026.20 TP8= @ 2811.15 TP9= @ 4088.05 TP10= Free Midterm forecast: While the price is above the support 279.80, resumption of uptrend is expected. We make sure when the resistance at 1617.95 breaks. If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 45.
BLong
by ForecastCity
There is possibility for the resumption of uptrend in BCHUSD .!!BITCOINCASH/DOLLAR Midterm forecast: While the price is above the support 279.80, resumption of uptrend is expected. We make sure when the resistance at 1617.95 breaks. If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 279.80 is broken. Trading suggestion: Price is in the Buy Zone (610.30 to 467.40), we would set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (610.30 ) Ending of entry zone (467.40) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Technical analysis: Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 27. Take Profits: TP1= @ 748.60 TP2= @ 832.10 TP3= @ 945.70 TP4= @ 1120.15 TP5= @ 1292.20 TP6= @ 1538.95 TP7= @ 2026.20 TP8= @ 2811.15 TP9= @ 4088.05 TP10= Free
BLong
by ForecastCity
1
BCH HODLER's need to wait longer than expected!Hey Guys, As much as we hate posting this idea, we have to accept the fact as a trader/investor that financial decisions can't be taken with emotions. Keeping our emotions aside, here is a third eye view of the BCH chart where we are still in the bearish zone (sadly) and the possible bottom may not be there yet. The chart marks its' reason for being bearish along with the fact that the whole market cap is taking a hard beat. The volume is weak, rsi is not strong, overall market being negative, we will have to wait long for the reversal. The possible reversal zones have been marked with the most reasonable explanation we could provide. Because we always look for confirmation before opening any positions, we don't recommend a short here as we are not sure of the reversal price i.e our target for shorting. However, traders can look to accumulate more at the given reversal levels and wait for the bull run we all are expecting. There have been various positive news on BCH with the introduction of Cointext, Bitfinex allowing 0 confirmation transactions, Satoshi Vision conference, increase in retail adoption etc. This confirms that we are going to see a new AllTimeHigh anytime this year but like you all even we can't wait any longer. As published in our earlier ideas, we are still looking at possibly $6400 target anytime this year. Do share your thoughts! Happy Trading!
B
by forayushshah
1
BCH Long Target Target: $2100 Stop-Loss: $1515 Bullish flag, symmetry with the pervious move up. Also Approaching mid-term trend line where it should bounce if it fails to break out of the flag beforehand. I have given 3 options on how it will play out. Target is correlated with the 1.618% fib level established from the previous all time high. Be careful of a break of this mid-term trend line. Good luck and message me with any suggestions on how i can make these charts easier to read for you.
BLong
by x2012cit
2