BCH scalp - bounce from zone of interest📈Reasons to take short
⭐️ Buyer on BTC
⭐️ We came to liquidity zone
⭐️ Volume increased
⭐️ 3rd touch
⭐️ 110 ATR
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BCHUSD
Is shorting the way to go forward for BCH tradersBitcoin Cash has been subjected to heavy sell-offs in the last six weeks post an up-channel (yellow) breakdown on 30 April. The price has been hovering near the lower band of the Bollinger Bands (BB) for the most part ever since.
A convincing close below the two-month trendline support (yellow, dashed) would open doorways for an extended retracement. Any close below the $148-zone would delay the bullish revival chances in the near term. At press time, BCH was trading at $151.9, down by 7.75%in the last 24 hours.
Given the aggregated fear sentiment, it has been relatively simple for BCH sellers to find fresher grounds to rest on. A reversal from the $362-zone in April chalked out a two-month trendline support on the daily timeframe.
Since then, the coin has been on a steady fall. The broader liquidations pulled BCH down to its 27-month low at the time of writing.
With BB’s lower and upper bands looking opposite ways, the bears would now strive to push for a high volatility phase in the coming days. As the trading volumes were in a decline phase, the trend was yet to take a compelling shape.
Any close below the 148-support would pull BCH for a further downside toward the $136-level. Post this, the bulls would likely aim to counter the selling pressure for its multi-yearly lows. A near-term bullish revival would likely be short-lived by the south-looking basis line of BB.
BCH Retest NarrativeBCH Fractal shows bear market in the near future but also shows a tight triangle.
Will there be a potential retest to $70.00 (22,000% Gain)?
Or will BCH launch out of the Triangle from $168.00 (9700% GAIN).
Or will 2023 look more likely?
The ALTCOINS were missed, and there are 2 narratives to be played out.
Will ALTCOINS launch and decouple from BTC?
(*BTC shows signs of decoupling from NASDAQ)
LONG BCH!
Bitcoin Cash Adoption Continues to Swell WorldwideBitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai.
Bitcoin cash is also accepted at Burger King St. Kitts and the island’s Panda Supermarket accepts BCH. In St. Kitts, the crypto asset is further accepted at Sun Island Clothes, Karma Asian Cuisine, Econo Retail Shop, and Oracle Martial Arts Academy.
Merchants accepting bitcoin cash are prominent in a number of other regions worldwide including Anguilla, Antigua, Japan, Venezuela, Slovenia, Australia, Philippines, Vietnam, Ghana, Zimbabwe, Argentina, and more. Additionally, a good portion of the companies that take BCH for payments are accepting the digital currency directly, rather than using a third-party or payment processor.
TS ❕ BCHUSD: accumulation zoneBCH is moving in the accumulation zone and the price is now near the support level. I expect an upward rebound.
BUY scenario: long to 211.75.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Bitcoin Cash vs Bitcoin | Reversal Candle + All-Time LowWe have a huge reversal candle as well as an All-Time Low on the BCHBTC chart.
We love to see ATLs because this surely opens the doors for massive growth.
Once we hit bottom, the only place left to go is up.
Bitcoin Cash is ready to grow.
We are bullish on both pairs, BCHUSD and BCHBTC...
Visit the 'Related ideas' below.
Namaste.
Bitcoin Cash (5X Lev. Trade - 165% Potential)Did you enjoy ADAUSD on 10X leverage with over 400% of profits within 24 hours?
Do I have your support?
If Yes, hit LIKE now for more...
Let's how look at BCHUSD (Bitcoin Cash).
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LONG BCHUSD
Leverage: 5X
Buy-in: $191 - $204
Targets:
1) $215
2) $240
3) $270
Stop-loss: Close daily below $185
Liq. price: $164
Potential profits: 165%
Capital allocation: 5%
----
This is not financial advice.
Leverage trading is ULTRA-HIGH risk, it can result in all money lost (liquidation).
Only for EXPERTS.
Let me know in the comments if you want more of these...
If you like higher or lower risk!
Namaste.
BCHUSD D1: 200% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
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BCHUSD D1: 200% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BCHUSD DAILY/candle chart review
::: HIGHER RISK SETUP USE TIGHT STOP LOSS
::: further losses short-term
::: expect BEARS to target 146/116 USD
::: however strong REVERSAL after correction
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later near 146/116 USD
::: BUY LOW near 146/116 USD using tight SL
::: currently correction in progress / no upside
::: dump until after FED (16th June)
::: for now stay out / wait for better entry price
::: up to 200% gains possible later
::: short-term pullback/correction
::: is possible / likely
::: however chart looks good for REVERSAL PLAY
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +200% gains
::: details: see chart
::: FINAL TP is +200%
::: recommended strategy: BUY/HOLD 146/116 USD
::: TP BULLS +200% gains final exit 465 USD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/STRONG REVERSAL
::: Sentiment short-term: CORRECTION/146/116 USD
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BCHUSD ❕ uptrendBitcoin cash is moving in an upward channel.
Volatility has increased.
The price broke through 50, 100 and 200MAs on the 30m Timeframe.
50MA have broken upward 100MA on the 30m Timeframe.
I expect that BCH may continue to rise to the resistance level if it fixes above the support level.