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BCHUSD

Bitcoin Cash - Red Alert!I posted a chart on Bitcoin Cash a few days ago, you can check it on my profile and follow me for further updates. Here I present the line chart with a bull pennant type structure on RSI (Relevant Strength Index) and a symmetrical triangle on the candlestick chart. Most people would have this triangular shape down as an inverse bullish pennant, signalling a continuation to the downside, however, I see a symmetrical triangle and these structures can be both bearish and bullish. Because of the RSI showing a bullish pennant, my thoughts are that RSI will go up, which in turn would mean price goes up. You can see XRP already leading the way in the altcoin market and generally XRP leads the altcoin market into a bull run. There is also a good chance Bitcoin has topped in this cycle, so it wouldn't suprise me to see some of the funds in bitcoin swap back over to bitcoin cash, which has not completed a full cycle yet.
Long
by missedamillion
S&P is Falling - 4 Years Uptrend Channel to be BrokenS&P is about to fall through the 4-Years uptrend, I'm anticipating a move to around 3200-3300 - to be later decided what will happen next if/when we get there! but what about cryptos? does the correlation will uphold and they fall more too or they break away and unchain themselves from this correlation? personally i don't think they break this correlation anytime soon. keep a close eye on the market and be vigilant!
CAPITALCOM:US500Short
by TheRealJohnConnor
BCH/USDT : Broken below the rising wedgeBINANCE:BCHUSDT BINANCE:BCHUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BCH is breaking below the rising wedge with the current candle, However, It's better to wait for a proper confirmation below the wedge before taking any action. In terms of that, I'll be waiting for confirmation below the mark and take Short after it. - Stop-Loss should be located above $123.5 Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2
$BCH Looking To OUTPERFORM It's Peers- Bulls? WYA?+Just a update on BCH, We did have a nice move up and attempted to brute force that KEY area, but the Bears weren't having it and we took a shot down... Although, BCH is about to VALIDATE that last low and really start to dig its feet in and start pushing possibly. Both Indicators are showing at Hidden Bullish Divergence at the pattern completion zone @ the 886, This is textbook and from strictly technical analysis, this following the same parameters in recent history before a next leg up... Pushing past that Supply Line will let this thing RIP
BLong
by BShellhammer
BCH - Trading Ranges To OvercomeWe obviously fell a lot with BCH, but still price did not broke any multi year supports, set back in 2018. With such fall those yearly price gabs were closed and i am very positive that the bottom is in for BCH and other crypto. There is gonna be plenty of resistances back to the top. Those resistances are trading ranges or price areas where larger trading volumes have occurred. It is where i expect that price can pause out and start ranging for a while. First we need to get out of the first (orange) price range and visit a second (blue) range. I expect that once we really start going we should be there really fast just because there are a ton of shorts in the market right now and shortsqueeze can happen easily. As for the 3rd price range ...I still think that we will go to the third trading range nd even .618 fib. retracement level (green arrow), but before that, price will probably have to work out lower between 2nd and 1st trading range before continuation upwards. I can be really wrong. No one knows really. it is a speculation based on historical price behavioral. I am not a financial advisor so non of this should be taken as a financial advise. Be well.
Long
by CR35
BCH/USD Secondary trend The important area Simple rules for workThe graph is logarithmic. This is a secondary trend. That is the fall of the price since May 19, 2021, from the pumping of +666%. The trend is a pronounced downtrend in spite of the significant local pumping of +50-80% within the downtrend. At the moment the price is in a local consolidation near the area where the trend reversal started last year. Coinmarket Coin: Bitcoin Cash I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The main trend of this cryptocurrency. BCH/USD Main trend. Breakdown of the channel. The important zone. Simple rules of conduct in the market, which will help to multiply money, and for someone just to save: 1) Do not enter the market early. Wait for a good entry point with a higher probability of developing the trend direction you want. A trader should watch 70% of the time, 20% of the time buy, 10% of the time sell. Small market participants (those who lose money) tend to always only buy (their eternal dilemma, regardless of the phase of the market: "what to buy to become a millionaire fast")... Be patient, think rationally, not emotionally. Your entry point should have a good risk/profit ratio, at least 1:3. 2) Enter the market in installments of your allotted amount of money on a particular coin, or limit your risk if in doubt (but the question is, why enter if in doubt?). But even if in doubt, enter in installments (this applies to those who are just starting to trade). 3) Always protect your profits with a trivial stop-loss on its protection, or at least a partial fixing of profits at important levels of resistance (long) support (short). 4) Margin should not be too large, and it is better not to use margin trading at all and work only on the spot. Only those who work in the spot have a significant deposit, and this is a fact))) 5) When working in margin trading long / short, always use a stop loss unconditionally. If you have a big loss due to knocked out stops on margin, it's worth considering, maybe it's still more rational to work on the spot. Although, perhaps in this case it's not about trading on margin, but about the kind of trader you are (lack of experience, lack of knowledge, problems with the psychology of behavior in the market, the desire to "make quick money"...). The foundation of your trading is your trading strategy and risk management based on your experience. Don't try to guess what you don't understand. Do not inherit the majority of participants – kamikaze market. Try to evolve and work by gaining relevant experience in what you didn't initially understand. Slowly but surely day by day become better than yesterday, leaving the “experts” and anonymous “I know exactly” screamers behind in the market millstones.
COINBASE:BCHUSD
by SpartaBTC
3
BCH/USD Main trend. Breakdown of the channel. The important zoneMain Trend. Always, than to trade locally on the working timeframe 1h-1d always need to understand where the price is in the main trend and what to expect in the near future with the price with a high degree of probability. Coinmarket Coin: Bitcoin Cash The previous upward channel (uptrend) was broken by the price. At the moment, the price is near an important support zone (highlighted in gray). In this zone after the 2018 reset, the entire 2019-2020 year has been gaining major positions, this zone and served as a launching pad for pumping 2021 by more than +600% (+666%). I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The secondary trend of this cryptocurrency. BCH/USD Secondary trend. The important zone. Simple rules for work. The price rises for a long time, but vertically falls quickly. Always protect your profits and don't wait for super targets, work in the trend. Difficult %. Have restraint, curb your greed and the rush of “no time”. If you're not sure - watch from the sidelines until there is confidence in a more likely price movement from which you can benefit.
COINBASE:BCHUSD
by SpartaBTC
16