BCH's Double Bottom will Lead to....Bitcoin Cash (BCH) was trading back near the $382 low but the price failed to break below and is now in the process of developing a double bottom pattern. If BCH’s moves continue to be supported above the $382 support level, this temporary bottom can provide more fuel to the bulls.
Downward Sloping Trendline
The bulls need to overcome the downward sloping trendline that connects a series of highs starting from May’s high of $810. A daily break and close above this trendline can cement the bullish trade signal.
To the upside, the first level of interest comes at the $550 resistance level, followed by $760. A daily close above the big psychological number of $550 can open up the door for more upside. However, at the same time, we should not forget that the current bearish cycle in the cryptocurrency market is not over yet, and rallies tend to be short-lived.
RSI Momentum Readings
RSI oscillator continues to print negative momentum readings below the mid-level 50. The bearish momentum readings suggest that the current rally still lacks momentum, so bulls need to remain cautious. A break above the RSI mid-level 50 can confirm a shift in the momentum direction.
BCHUSD
BCH/USD - Wave 5 in case of a bullish continuationIn case of a bullish continuation and a wave 5 together with bitcoin, this could lead to a 3k-5k in price considering the fibonacci levels.
It is not certain yet that a wave 5 will follow. If bitcoin does not manage to proceed with a wave 5 during the next month or two, this idea might get invalidated.
BCH 1D Waiting for Bitcoin Cash at $20,000 and there is no typo)In our portfolio of ideas, a series of accurate predictions for the BCHUSDT pair have gathered, it's time to continue it)
In January 2021, we wrote about buying BCH at $380 and possible sales at $1200
Further in May, they wrote that growth to $1,700 is still possible, and this is what happened, after which the cryptocurrency market collapsed together.
The price of BCHUSD fell by -77% - a lot, but another thing is interesting, the fall was aggressively bought off twice from $380-400 .
That there is an aggressive buyer, we wrote in the previous ideas.
This combination of information suggests that the real bull run on the BCH chart is yet to come.
We think that below $400, buyers will not let the Bitcoin Cash price drop, that is, it is logical to try to gain longs with a grid on a spot in the $400-450 zone.
The first top targets are $1500-1650.
Correction to $750 and you can dream of moving towards ATH, which is close to $4000.
If the holders of 2017 say: $4000 is not enough for us - this is just our break-even point, but how can we make money?, We will say - it is not a problem)
For you, the market has the levels for growth of $12,000 and $20,000 , respectively)
We will take this global idea as a basis and as we grow, we will add additions to it.
Therefore, write a comment under the idea and put like for that you received update notifications in future
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
BCH/USDT in near futureHi every one
BITCOIN CASH / TETHERUS
BCH/USDT has been ranging in a channel. the market is pretty sideway right now. there is a Hidden bearish divergence (-HD) on MACD and RSI indicators as well which suggests a bearish movement to the bottom of channel. so there is a chance that the price would start to increase after a bit of correction all the way to the top of the channel.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Bitcoin Cash (BCH) - July 12Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BCHUSD 1W Chart)
If the price continues to rise above the 517.20-624.90 section, it is expected to create a new wave.
The 517.20 point and below are the bottom box section and there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
However, if the price is maintained above the 332.38 point, it is likely to turn into an uptrend, so you should think about how to trade it.
(1D chart)
The section 486.28-599.87 is an important section that determines the direction.
If the price maintains the price above the 599.87 point, it is expected to revert to an upward trend and continue the upward trend.
If it falls in the 435.70-486.28 section, it is possible to enter the mid- to long-term investment area, so careful trading is required.
However, careful trading is required as it may touch near the 332.38 point and rise.
-------------------------------------
(BCHBTC 1W chart)
It remains to be seen if they can create a new wave by holding the price above the 0.024438-0.034064 range.
(1D chart)
The 0.014655-0.016063 interval is an important interval that determines the direction.
If it falls in the 0.013651-0.014655 range, it is possible to enter the mid- to long-term investment area, so careful trading is required.
If the price is maintained above the 0.016063 point, it is expected to turn into an uptrend and continue the uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
BCH Sell the downtrend.BCHUSD - Intraday - We look to Sell at 538.4 (stop at 561.1)
Daily signals are bearish.
20 1day EMA is at 525.0.
Trend line resistance is located at 538.0.
Preferred trade is to sell into rallies.
Our outlook is bearish.
Our profit targets will be 481.1 and 471.1
Resistance: 525.0 / 540.0 / 550.0
Support: 510.0 / 500.0 / 490.0
BCH/USD ($400 Range Strong Support?)💎Technical Analysis Summary💎
BCH/USD
-Bitcoin Cash weekly view is back at the key area of interest
-The 400 dollar range may act as a strong buying oppurtunity for long term
-Our main guide here is the long term trendline from Dec 2018 up to the current date
-I think if BCH can hold the 400 dollar support until the end of this year
-The chance we can expect an upside move increase in the coming 6-12 months
-Take note this is on the weekly time frame, a lot of things may happen
-So you should approach this idea with an investor mindset, not a typical swing trade analysis
-Good luck everyone! happy trading! :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
BCHUSD D1: 1000% gains BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
BCHUSD D1: 1000% gains BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTING.
🔸 Summary and potential trade setup
::: BCHUSD 1days/candle chart review
::: updated outlook still valid today
::: CORRECTION MODE next 3-6 weeks
::: correction just started not OVER
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: BUY LOW near 300/330 USD
::: entry - after 40% CORRECTION
::: up to 1000% gains possible later
::: short-term pullback/correction
::: correction/pullback NOW
::: however chart looks strong
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +1000% gains
::: details: see chart
::: FINAL TP is 1000% gains
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +1000% 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: BEARS/CORRECTION
::: Sentiment short-term: PULLBACK/CORRECTION NOW
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.
Bitcoin Cash (BCH) - June 23Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BCHUSD 1W Chart)
If the price holds above the 517.20 point, it is expected to turn into an uptrend.
(1D chart)
We need to see if we can find support at 435.70 and move up to the 486.28-599.87 section.
If it declines from the 343.10 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
The price should remain in the range 599.87-827.06 to convert into an uptrend.
However, it is recommended to check the BTC price movement as there is a possibility that the price may fluctuate depending on the movement of the BTC price.
-------------------------------------
(BCHBTC 1W chart)
You need to make sure you can sustain the price in the big box range 0.011530-0.048430.
In order to turn into an uptrend, the price must rise above the 0.024777 point and hold the price.
(1D chart)
We should see support at the 0.013651 point and see if we can move towards the 0.014655-0.016063 section.
If it continues to fall, it could touch the 0.011530 point, so you need to think about how to react.
The price should remain in the 0.016063-0.018878 range to convert into an uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)