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BCHUSD

BCH/USD - Potential 55% setupHello, Traders! BCH exited the downtrend and consolidated above the downtrend. In February, a similar pattern resulted in a growth of 56%, which can be seen on the chart. At the moment, the market is moving up into new price ranges, which gives us an opportunity to work on purchases. We may look for an entry point between $575 and $615. Stop loss may be set under $496. Fibonacci levels targets: $693 $793 $856 $894 Good luck and watch out for the market! P.S. This setup is presented for educational purposes only and shall not be considered a financial advice
COINBASE:BCHUSDLong
by UnknownUnicorn10064030
Bitcoin Cash (BCH) - April 4Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a nice day. ---------------------------------- We have to see if we can get support at 517.72 and climb above 556.08. If it falls, you need to make sure you get support at 486.83. If it falls from the 435.70 point, a Stop Loss is required to preserve profit and loss. It remains to be seen if the CCI line can rise more than 100 points on the CCI-RC indicator. The next volatility period is around April 8. ---------------------------------- (BCHBTC 1D chart) You should watch for any movement that deviates from the 0.008467-0.009703 section. In particular, we have to see if it can rise above the 0.010236 point. -------------------------------------- If you look at the charts of most of the major coins, they are either rising near their previous highs or exceeding their previous highs. These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K. However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary. Currently, BTC is in the period of volatility, and the coin market is in the overheating zone. In this market situation, if you enter along with rising prices, the rate of return may be negative. The coin price is recording positive, but the yield of the coin I bought is negative. Therefore, if you are not familiar with day-to-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point. -------------------------------------------------- ------------------------------------------- ** 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. Therefore, 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
6
BCH - What happens next?Hi, this is my new update for BCH. Last week we saw BCH held the SMA100 very well and today we finally broke the SMA50 and we have already backtested. In my last update, I told you we have reached bottom for BCH and that was because we got a double bottom in RSI, a double bottom in MACD and a beautiful double bottom in the chart. Now we are getting ready for resistance $620-630 and once we get above it, then we are ready for resistance $725-730. So be prepared and don't PANIC ;)
BITSTAMP:BCHUSDLong
by GOAT1375
1
Bitcoin Cash Ready To Cash In!? 💰BCH has tested this $550 resistance zone 10+ times over the past few months. The Three times we managed to break/close above on the Daily saw big moves. This is also the edge of the HVN on the daily chart. Over $550 BCH can see 600-607 which serves as another strong resistance. If we can get through those price levels we open $700 lvls. The trickiest part about BCH on Kraken is the volume. The month of March has shown little volume into BCH on the kraken platform compared to previous months. BCH has been chopping about in the $460-$550 range since end of February and is gearing up for bigger move. I am only interested in BCH as a momentum play above $550. We have failed here multiple times as shown by the chart highlighted in pink. If we fail I expect to see $530 and some consolidation. If it can hold above the EMA clouds on the Daily chart though and then retest $550 I will be watching. Watch that volume! If we can start to see 15,000+ of volume it might be signaling a large move. PT: First PT will be the $600-$607 lvls, this would give roughly 10% move. SL: For the stop loss you could risk off of failure of $550 or $530 depending on your risk tolerance. GL!
KRAKEN:BCHUSDLong
by DOpeTrades
1
BCHUSD D1: BEST Level to SHORT IT 40% gains(SL/TP)(UPDATED)BCHUSD D1: BEST Level to SHORT IT 40% gains(SL/TP)(UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. HIGH RISK setup. proceed ahead with caution. DO NOT USE HIGH LEVERAGE. 🔸 Summary and potential trade setup ::: BCHUSD D1 chart review/outlook ::: setup still valid as of right now ::: MAX 40% correction incoming soon ::: massive rejection near range highs ::: rejected on weekly/daily TF ::: right now CORRECTION MODE ::: so limited upside in BCHUSD ::: expecting pullback/correction mode ::: price contained within bullish channel ::: BUT this is not a bullish setup ::: 30-40% correction possible from here ::: it's possible that price will re-test ::: near range lows (40% correction) ::: however base scenario is 30% correction ::: no valid setup for bulls here ::: TP BEARS is 330 USD ::: recommended strategy: SHORT IT / SHORT rips/rallies ::: ENTRY at market or below dashed line ::: SWING TRADE: SHORT HIGH TP 40% gains ::: correction not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/330 USD ::: Sentiment outlook short-term: MAXED OUT/REVERSAL 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.
COINBASE:BCHUSDShort
by ProjectSyndicate
8
Bitcoin Cash, In Descending-Channel, These Levels Are Important!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since Bitcoin cash recent times has shown up with exaggerated bearishness to the downside it is in a trend which is not yet highly strongly bearishly to the downside and which formed several attempts to reverse however did not yet fully manage to reverse, nevertheless Bitcoin Cash has the ability to show up with a sufficient reversal when the right price-actions determine, in this case, I discovered all the important levels and likely destinies we should consider with the established structure and upcoming movements. Structural Developments: As when looking at my chart now we can watch there how Bitcoin Cash has formed this main descending-channel-formation within the structure marked with the boundaries in blue, within this channel LINKUSD has the coherent wave-count with the waves A to C already fully completed and now with the wave D running directly into the upper boundary of the channel that is still strong resistance and likely to show up with a bearish bounce to the downside, when this bounce emerges it will be the origin of the wave E to the downside and will continue bearishly till there is support found in which Bitcoin Cash can reverse and stabilize to form a potential reversal and breakout above the boundary of the channel. Upcoming Determinations: Taking all these factors into consideration Bitcoin Cash is in a situation in which it has developed this great structure that can indicate a potential reversal when Bitcoin Cash manages to show up with the right price-action this means that Bitcoin Cash needs to finalize the wave-count and approach the lower levels of support, in this case, Bitcoin Cash has the confirmational-bounce-cluster lying there marked in blue where several supports coming together, this level needs to hold and Bitcoin Cash needs to bounce within, otherwise when this does not happen and Bitcoin Cash increases with bearish pressure below it will invalidate the formation and show up with further bearish pressures, therefore, it is necessary to elevate the proper validations. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, 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
2
BCH - Be PreparedHi, this is mye new update for BCH. In the last 12 days BCH has fallen 25% and this gives us a good discount compared to the other coins. After a big fall from $610, we have now find support around $440 and we saw yesterday that the SMA100 held very well and we got a beautiful double bottom in RSI and that indicates we have reached the bottom and now we are going up. First resistance for BCH is around $535-550 and once we get above it we are going to test the resistance $610-635. So be prepared and don't PANIC, good things take time.
BITSTAMP:BCHUSDLong
by GOAT1375
2
BCH - Testing the waters on this oneNever traded this one, so this will be a learning experience. Saw BCH bounce off the lower BBand, and Stoch shows it coming off of an oversold condition. MACD does not agree, but looking at the past movement, my MACD settings may be too slow for this timeframe. It seems like every time MACD confirmed, BCH was done moving in whatever direction that was, and turned around. I've been really doing my homework on crypto, and the more I learn about it, the more I think its all fake money though. I'm expecting it to all come crashing down, but my FOMO is so strong, I have to participate.
KRAKEN:BCHUSD
by SPY_Trader