BCHUSD
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⚠️
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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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
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-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.
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Have a good day.
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(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.
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(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.
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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.
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** 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 200MA Birth - Volatility Implied BCH has incredible potential
And this observation only exacerbates this potential
When the 200MA becomes visible, it allows the 50 and 100 to adjust to the 200's position
On the Bitcoin pair 1.618 is being tested, potential for a reversal
Incredible long term hodl
BCHUSDCOINBASE:BCHUSD is bearish. We are likely near the bottom, however, we need to wait for break to upside out of triangle.
Steps to take:
Buy at blue uptrend support OR break of $648 area resistance line if candle open close above OR multiple buy signals
Sell if candle open close below blue uptrend support
If BCH breaks down further below blue uptrend line you would buy at next support of $436 area
BCH/USD SHORTHere are my reasons for entering a short position on BCH /USD.
The confluences for my entry:
✓ Strong overall downtrend
✓ Rejection of major key level
✓ Hidden bearish divergence at key level lower high - indication continuation
✓ Rejection at the 0.618 Fibonacci Retracement level
✓ TD Sequential printing a 9 on the 2HR - signally buyer exhaustion
✓ Stochastics momentum heading down**
✓ RSI Momentum heading down**
*assumptions not confirmed
I will a short position with a stop loss above the wick of the reversal candle of the lower higher
** this is not financial advice **
BCH/USD LONGBCH /USD LONG
**Still waiting for entry**
This is literally the exact opposite trade to the idea I posted two days ago - which would've played out great if I had held strong with diamond hands. Lesson learnt.
Here are my reasons for looking to enter a long position on BCH /USD.
The confluences for my entry:
✓ Holding at a key level of support
✓ Double bottom with May low
✓ TD 9 printed on 2hr candle
✓ Higher volume has been entering at these lows
✓ Stochastics crossing upwards - exiting the bearish control zone
✓ Krown Stochastic indicating a buy signal
✓ RSI momentum heading out of bearish territory into neutral
Concerns;
We are still in a strong downtrend on most timeframes. Will manage risk at EMA and Fibonacci levels.
I will enter a long position with a stop loss below the wick of the reversal candle/ TD Sequential 9 after a green TD1 confirmation candle next.
** this is not financial advice **