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Bchlong

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: Analysis using Ichimoku 23/06/2020H4 On D1, the price fluctuates around the cloud. The triangle model of correction is visually clearly visible. Conclusion: Locally, we recommend selling when the RSI reaches an oversold level on the H4 and when the price will reach to the Fibonacci level of 36.8% and 23.6%. H1 At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing upward, indicating the movement within the framework of the trend for H4. Conclusion: Locally, we recommend buying from the Ichimoku cloud. As a result, the RSI may form a divergence, which will be confirmation for lower of the price on H4. Good luck!
B
by QubitLife
BCH/M20 Daily/4H Multi timeframe trade setupBCH has a bullish cross of the Tenkan ( Yellow Line ) above the Kijun ( Dark Blue Line ) on the Daily from a few days ago, and on the 4H it's about to happen if the prices can break the 4H Kijun ( marked with the Horizontal ). If it breaks above the Kijun on the 4H it will most probably start testing the marked take profit levels above. First the Cloud on the Daily, then the Lagging span ( Purple line ) on the Kijun. The previous resistance shown by the Daily SSB at TP 3 and if it gets real momentum the top of the Daily cloud. With 10x leverage, the possible gain is 170% and it would be invalidated on the 4H if the prices would break through the Kijun again towards the downside. Which would also be the technical stop loss level to set, just below the 4H Kijun. Be careful leverage trading is risky so manage your position sizing accordingly! If you like my ideas and the work I do, please check out the links in the signature ;).
BLong
by VrotteOtter
BCH (Y20.P1.E11).Macro.SummaryHi All, Rumors\News: > Looking at the news media, it seems many people are baffled\perplexed as they have no answer to the recent ALT markets performance; > Some think its the whales playing games; > My thoughts, be careful as I did that in the last year bull trend and I got caught with some coins that stopped performing and in actual fact started to go down. So if your going to do it, its better to not go greedy, have a target and get out; Thoughts and observations: ** On the daily chart ** > Candlesticks > Main candle closed at the main resistance with a relative big wick and a Evening star\Bearish Harami. BEARISH sentiment. It would be interesting to see how the next few days candles close. > RSI curving > We had a slight BEARISH Divergence. Also hitting over 80% at its peak. > MA\EMA > I have the Daily 377 SMA acting as resistance, just like BTC and the 200 MA as support > and we broke out of the downward channel which the top can be tested as well. Since I'm bullish, I think the next test will be the daily 200 MA, likely, if the price drops further. > MACD looking strong bullish with a possible tint of curve downwards coming. > 4 HRLY chart, support broken > DAILY Chart trend Top trend line established as per chart and possibly the 377 MA could be the upper line trend for some time. Why? the bottom tend line might be tested first. Assuming the bottom is in, we have the bottom trend line which helps define the potential price range for the coming weeks\months. > Summary Price to drop to major support for the next rally. The 1st target has confluence with the 200 daily MA and potentially the second is a per chart, green bar. DAILY Charts 4 HRLY chart Support broken
BITSTAMP:BCHUSDLong
by ssari