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BCHUSD

Catching the BOTTOM for altcoins? NO!If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be. Catching the absolute bottom is very hard and not many persons can do it. Most likely you will have to wait many months until you will be at the break even or you will make profit. Altcoins after dropping 90 % from the all time high can still drop another 90 %! In this analysis, we are going to have a look at BITCOIN CASH and NEO that were top movers in 2017 bull market and Solana which was a top gainer in 2021 bull market. Bitcoin cash: - If investors were trying to catch the bottom when BCH dropped 77 % from its ATH, they were down 92 % when BCH found its real bottom. - It took 48 months until investors were at the break even - The price never reached ATH from 2017 again. As we can see, NEO which was another top mover in 2017 didn´t reach its previous ath in 2021 bull market: More examples? XRP, XLM, DASH, IOTA SOLANA (just an example. We have nothing against the project or its team): Do you think that Solana will be different? Maybe? Ok. It did very well in 2021 and most likely, it won´t do super good in the next bull market in 2023 or 2024! Why? Because there will be many new coins with a new hype and without bag holders. Conclusion: - Dollar cost average into Bitcoin instead of your favourite altcoins. If you want to DCA into altcoins, don´t throw all your money in as your favourite altcoins can drop always another 90 % and nobody knows how much they will recover! - Waiting for new coins without bag holders may be not bad idea - Bitcoins is a safe bet! - Altcoins = high risk Feel free to share your opinion in the comment section!
BITFINEX:NEOUSDEducation
by vf_investment
10
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 AVA37