#BCH BCHUSDT the sleeping dinosaur #BitcoinCashAnother sleeping giant is Bitcoin Cash here.
Let's go fundamental first:
1) BCH has smart contract developed by an independent team
2) It is disliked due to its founder and being BTC fork, yet it continues to thrive behind the scenes among its loyalists.
As for the technical aspect:
1) BCH has very high growing LONGS on BitFinex since the summer.
2) BCH continues to hover above its support drawn from Sep 2020 on the weekly chart.
3) BCH maintains the 40 RSI level on the daily, which is considered an untimely Long position entry in a bull run.
4) BCH is below the 0.236 Fib R level indicating an undervalued asset for accumulation
5) As per Ichimoku Cloud, BCH needs to close a daily candle above $640 for a leveraged long position. If and only if, the first target would be $840. However FIB R levels indicate far much higher targets on a longer term.
PS This analysis is provided as per the request of one of my followers. I hope you found the answers, you were seeking.
BCHUSD
DOGEUSD❗ pressure continues 📉The downward movement from the level 0.22456968 is expected for the coin. In this case, the level 0.21313350 will most likely be broken and the price will go down further. Further consolidation below 0.21313350 will allow sellers to move down significantly.
Have a nice trade!
Your Solldy.
BTCUSD💲 below the level 55503.95 ❗Most likely, market participants expect the support line to be broken through at the level of 55503.95. Thus, the price for BTCUSD would rush to 41003.32. How soon the target will be reached and whether it will be achieved at all, it will be necessary to closely monitor the coin after the above-mentioned support is broken.
Have a nice trade!
☑️BNBUSD: sales are accelerating➡️ This coin is also under pressure from sellers. BNBUSD sellers are targeting 542.2$. The Entry Point, or rather the entry area, is indicated on the chart and, of course, by the signal. In addition, the second target is located at the support level of 510.5$ .
🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 577.2
⛔️Stop Loss - 594.7
✅Take Profit - 542.2
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
BCHUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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BCHUSD H16: 100%+ 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 H16 chart review
::: accumulation in progress now
::: updated/revised outlook
::: focus on buying pullback/dips
::: 40%+ gains still possible
::: currently trading mid range
::: BUY/HOLD setup TP +75%
::: previously recommended buying low
::: up to 75% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +75% gains
::: details: see chart
::: FINAL TP is 700 USD
::: TP BULLS +75% gains
::: 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
::: Sentiment short-term: PULBACK/RANGE
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.
ETHUSD💲 Sales pressure ❗Sellers are stubbornly pushing the price of ETHUSD pushing it to the support of $ 3992.20, from where the main idea of the fall is the level of 3549.40. Resistance at 4400 is surely holding back buyers, thus, until this level is passed by the bulls, one should not think about buying.
Have a nice trade!
Your Solldy.
BTCUSD❗ target is $55830.15 📉The BTCUSD coin continues to move downward locally. The next target for sellers will be to break the support line at $55830.15. Globally, the instrument has an upward trend, so there are no changes in the cardinal trend in this regard. But you should be careful, as you may not have time to watch how Bitcoin falls, just as it grows.
Have a nice trade!
Your Solldy.
☑️ETHUSD: do not hesitate to sell➡️ At the time of writing the trading idea, the ETHUSD coin is trading at 4194.73$. As again, I noted earlier in my recent ideas and forecasts, the main cryptocurrencies are now in a correction stage. We are not talking about some kind of trend change, but a downward movement at the moment is now taking place.
The approximate parameters of the order are in front of you, as always. The search for the Entry Point is also marked on the chart. The entrance is recommended by signal, of course. The target of the fall is now the support at 3971.50$ .
🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 4322.05
⛔️Stop Loss - 4459.57
✅Take Profit - 3982.65
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
WILL BITCOIN CASH BREAK OUT!! MASSIVE GAINS AHEAD FOR ALTS!!Bitcoin cash has been within an ascending triangle since the may high and i have been paying close attention to the behaviour on the charts.
I have key areas on the chart and BCH/USD has been reacting just as i expected!
Using the volume profile tool i measured within the triangle and have them marked out on the chart as POC (point of control) , VAH (value area high) VAL (value area low), as you see on the chart with this abc correction BCH/USD had a nice bounce from the VAL, and also confluence of the trendline from the bottom of the ascending triangle!
I will be now waiting for a reaction in and around the yellow line area on the chart potentailly for the top of a new wave one, i will then draw my fibs from swing high to low and look to add to my current position, by laddering my limit orders from the 0.618, 0.5 and the 0.382, with a stop loss under the swing low/VAL!
As you can see on the 4 hour RSI we have broken resistance, which usually means a new impulse wave.. Is this a new wave one ?
I will be following up with more alt coins so give me a follow, the alt market is starting ladies and gents, lets make maximum profits from this massive run up thats coming !!!!
BCHUSD: rolls back down alsoAnd so, for this coin, everything is very clear too. The situation is very similar to ETHUSD. The strict priority of sales can be traced now. The resistance level of $ 597.75 is in this case a sell level. Movement from this level is expected up to $ 543.55.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ETHUSD: price rollback has begunAnd so, ETHUSD is moving in a downtrend channel. The cryptocurrency has entered the stage of a downward correction. The level of $4334.10, which also lies on the resistance line of the downtrend channel, serves as an expected sell point. The target of the fall will be support at the level of $3964.40, but now a fall is also being considered up to the level of $3665.80.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
⭐️BTCUSD: forecast for Nov 22-Nov 28➡️ Despite a slight recovery towards the end of the working week, Bitcoin is under the influence of sellers. The current Bitcoin price is 58,670$. The coin is moving in a downtrend channel and does not intend to leave this channel in the near future.
Earlier in the forecasts and trading ideas, it was noted that a correction in the cryptocurrency would begin soon. Now we can say with confidence that the time has come for this. The coming week would most likely be held in this vein. The downward starting point will be the price area near the ~ 60,000$ round level. A good entry point to sell is the resistance line of the downtrend channel, depicted on the chart at the level of 60147.50$ . The entrance itself is, of course, on a signal. The target of the fall will be the support level of 55521$ , at least, but the intention of the fall lies at the level of 48530$ (the price area near the round level of ~ 50,000$ ).
❗️❗️❗️ Here, it should be noted that other major cryptocurrencies are considered for sale in exactly the same way:
1) ETHUSD (SELL from ~ 4250$)
2) BCHUSD (SELL from ~ 590$)
3) ADAUSD (SELL from ~ 1.874420$)
4) EOSUSD (SELL from ~ 4.350$)
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
BTCUSD💲Waiting for a sell signal again❗The previous trading idea for BTCUSD worked out, the price was at $ 55503.95. At the moment, there is clearly an attempt to recover, if it was not possible to enter a buy right away, then it is better to wait for a sell signal again. The tool will roughly go up to $ 60,000, from where sales will flood again.
Have a nice trade!
BCHUSD💲 Nothing to think about shorts 📉The trading plan for BCHUSD is quite simple, and you don't have to invent something. The level of 576.65 is a resistance, in the price area of which a sell signal can be expected. Such a small upward correction is expected mainly for all major cryptocurrencies, after which a downward movement will follow again. In the case of BCHUSD, the target for the next fall will be 533.41.
Have a nice trade!
Your Solldy.
$BCH Bitcoin Cash buy the dip! Bitcoin Cash is a Bitcoin ‘hard fork’ with larger block size (eight times that of Bitcoin) and improved hash rate enable faster transaction speeds
Rank 20 atm.
Bitcoin Cash bounced from support multiple times. Good buy opportunity IMO.
Between scalp between support and resistance. Long term hold from a good profit!
DYOR and take profits, let me know what you think.
EOSUSD and BCHUSD - Common FormationEOS and BCH are portraying a common structure pre 2.618 transition
Upon transition through 2.618 I expect a large bull move for both EOS and BCH
Now is a great time to buy either
The bars pattern is extremely speculative, I have no idea where the price might top, just that its headed up after the transition
BCH now or never?
Is it going to be a dead cat bounce or vertical bull run to ATH? Hopefully the latter - looking at strong trendline support and a triangle BCH needs to breakout or break down. Judging by general market sentiment and quite long accumulation phase where BCH visited 0.764 and 0.618 fib retracement levels after August bull run it has healthy foundations to grow.