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BCHUSD

Bitcoin Cash, Developed Descending-Channel, Potential Breakout!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. Bitcoin Cash has moved into an interesting constellation as it developed this main descending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed. Now Bitcoin Cash is moving forward with the protracted wave E that will complete the whole wave-count and when Bitcoin Cash manages to bounce within the confirmational-bounce-cluster marked in blue this can be the possible origin for a channel-breakout to the upside, therefore it is highly necessary that Bitcoin Cash rightly manages to bounce and show up with further bullishness to the upside, otherwise when falling below the lower boundary the bullish scenario can also invalidate, it will be an important development ahead. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
4
BCHUSD Longs are at record ATH and growing, but why?Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link: smartbch.org And to my surprise, a smart chain is being developed for BCH and the test net is live since April 30th. If you are Bitcoin Cash fan, you'd say I was living under the rock for now knowing about this. And you're right, I am not a BCH fan. But this fundamental news about BCH smart chain got my attention. Is it time to jump onboard? Well, I will keep an eye on it... but not sure when the time is right to jump onboard in this blooded market unless a breakthrough announcement is made or BTC shows some strength. If you have any fundamental info about BCH or SmartBCH, kindly share it below. Thank you in advance.
BITFINEX:BCHNUSDLONGS
by eBlockChain
🚀₿𝙞𝙩𝙘𝙤𝙞𝙣 𝘾𝙖𝙨𝙝 at a crossroads ... 🤷‍♂️●● Mine scenario ● BCHUSD (COINBASE):🕐1D "Fig.1" The rise from the orthodox bottom of the triangle ④ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2) , supports this idea. Cancellation of the scenario and, as a consequence, activation of the alternative wave count, - upon the breakout of the orthodox bottom ④ , the level "invalid" .. ● BCHUSD (COINBASE):🕐4h "Fig.2" "Fig.3" Agree, the wave structure is extremely complex and its interpretation is ambiguous. Figures 2 and 3 show you two options for count, both of which are conducive to continued growth, the only question is: is the correction (2) formed or we are expecting a deeper rollback within the "black" count? From the level of $ 600 there was a recommendation for a long-position. Upon reaching the levels of $ 880-1020 , we may partially reduce the volume of the long-position and prepare for a price decrease within the framework of an alternative count. ●● Alternative scenario ● BCHUSD (COINBASE):🕐1D "Fig.4" The global alternative wave-count suggests a large triangle in the primary wave ④ , within which a three-wave advance of the sub-wave (C) is expected. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
COINBASE:BCHUSD
by TradeWaves-EWA
Bitcoin Cash, Potential Flag-Formation, How It Completes!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. Bitcoin Cash bounced with this initial bullish move to the upside where it now firstly pulled back however these pullbacks were not that strong and Bitcoin Cash managed to hold the structure in which it now established this descending-channel-formation with the coherent wave-count within and the waves A to C almost already completed. When Bitcoin Cash now moves on to stabilize further in the structure this can lead to a sufficient breakout above the upper boundary and when this happens it will be the setup for further continuation and completion of the channel-formation as a bull flag. For now, it is important to elevate how Bitcoin Cash moves on with the potential breakout, it will be an interesting journey ahead. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
5
Bitcoin Cash (BCH) - June 2Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BCHUSD 1W Chart) (1D chart) You should watch for any movement out of section 625.76-785.84. If it goes down, we should see if we can move up along the uptrend line. If it falls from the 625.76 point, a Stop Loss is required to preserve profit and loss. If it finds support by moving towards the 785.84-865.88 section, I would expect a reversal of the uptrend line. ------------------------------------- (BCHBTC 1W chart) (1D chart) It remains to be seen if it can move above the 0.018878 point to find support. If it goes down, you should check to see if it finds support at the 0.016063 point. To convert into an uptrend, it needs to rise above the 0.019459 point and find support. ------------------------------------------ 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)
KRAKEN:BCHUSD
by readCrypto
BCH, With A Potential Finalization Of H-S-Formation Upcoming!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 45-minute timeframe perspectives. As Bitcoin Cash recently bounced in the structure and is somewhat holding the range I discovered a very interesting formation developing which is actually an inverse head-and-shoulder-formation with the left shoulder and the head already completed and now Bitcoin Cash is about to form the left shoulder in the structure, therefore, when Bitcoin Cash manages to bounce within the 100-EMA in red and the ascending-support in dashed-grey lying also in this structure this can be the sufficient origin of a breakout above the neckline which will complete the formation bullishly to the upside and will activate further continuations with the testing of resistances upper in the structure. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "There are many roads to prosperity but one must be taken." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
4
Bitcoin cash (BCH) - May 18Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BCHUSD 1W chart) (1D chart) It remains to be seen if it can rise above the 1106.01 point along the uptrend line. In particular, it remains to be seen if it can rise above the 1168.80 point in order to maintain the uptrend. If it falls between 785.84-865.88, you need a Stop Lsos to preserve profit or loss. --------------------------------------- (BCHBTC 1W chart) (1D chart) We must see if we can move above the 0.024777 point and break off the downtrend line. If it falls, you need to make sure you get support in the 0.021692-0.0231 range. If it falls between 0.021692-0.0231, a short Stop Loss is required. However, it may rise along the uptrend line, so careful trading is necessary. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
KRAKEN:BCHUSD
by readCrypto