BCHUSD
BCH - The flatlined MACDIn the chart, I've highlighted a few artifacts in past periods that reflect the current situation and point toward a common outcome. There are two previous periods identified:
* July 18, 2020 - MACD flat, lightly declining price, and a small intermediate peak in the RSI falling away into a price spike.
* November 17, 2020 - MACD flat, lightly declining price, and a small intermediate peak in the RSI falling away into a price spike.
And of course, we have the very same elements coming together today:
* MACD - flat
* Price - is lightly declining and
* RSI - a small intermediate peak falling away.
* All that remains is the price spike.
Does this provide the indication of what the break will be? How high will it go?
Bitcoin Cash (BCH) - March 22Hello?
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You should watch for any movement that deviates from the 494.98110330-600.59767260 section.
In particular, it remains to be seen if it can rise along the uptrend line (2).
If it falls at 435.40010001, you need Stop Loss to preserve profit and loss.
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(BCHUSDT 1D chart)
It remains to be seen if it can rise above the 599.94 point by following the uptrend line.
If it falls between 448.01-485.99, Stop Loss is required to preserve profit and loss.
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(BCHBTC 1D chart)
We need to see if we can move sideways by ascending to the 0.009703-0.010454 segment.
If it falls, you need to make sure you get support at 0.008467.
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** 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 published by oh92. (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 are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Bitcoin Cash (BCH) BROKE RESISTANCE!!! Sideways trading or MOON?Hey everyone, we broke through the major resistance on the daily timeframe. We already had a solid bounce off the previous resistance testing as support. Now we are waiting for a slight pullback to enter long in addition to our environment on the 4H to give us a bullish context signal.
Trading is a game of patience. If you are looking to invest dollar-cost averaging is your best option as a trader we are prioritizing optimal entries over FOMO.
BITCOIN : PRICE ACTION ZOOM - PRICE READY TO GROW ! 🔔🔔🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action !
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Strategy : FIBO RETRACEMENT ON BULLISH CHANNEL
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BCH/USD - Time to decide: Pump to $1,000 or death under $400!BCH is approaching a decision time. We are in this symmetrical triangle which is normally a continuation pattern (bullish in this case). For this to confirm, we need to break-up and move above $620. This would confirm BCH is ready to pump and aim for $1,000.
If we fail to do so, we break-down and pierce the parabola in yellow and we fall towards $400... then we're turning quite bearish... but for now that is unlikely.
The daily indicators are not very clear and rather flat. Volume has been low in the past two weeks. So we really need to see how this pattern resolves to get clarity.
On 4h the indicators are bullish, so I am bullish on this formation which will be confirmed once we break out of this triangle.
We really need to break-up here, otherwise we will turn quite bearish on larger timeframes such as 3d and weekly.
We should find out where we go around this coming weekend.
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$BCH technical Analysis Bitcoin Cash is currently showing consolidation between 515 and 530 area.
We can see price is now above 100MA, which is now acting as a strong support. As price seems to trend with 100EMA.
We can also see price is being respected on its trend support, which is a critical level.
MACD is showing a possible bullish crossing.
If price decides to move up from here, we can possible see a minor rejection / reversal at 0.618 FIB level ($645)
If 100MA & Trend support is broken, price is likely to touch next support cluster at around $445.
BALANCER : PRICE ACTION IN SMALL TMF - PRICE IS GROWING ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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Strategy : BULLISH CHANNEL + ABCD
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BCH/BTC 400% potentiAL FROM here#BCH/BTC TA Update:-
#BCH/BTC looks good at this level.
I am buying here some and already bought some at 0.011 BTC level.
Keep an eye on Red box.
This red box is very important for bull of #BCH
Entry:- 0.007-0.0094 BTC
Between this zone best entry.
Targets:- 0.0156/0.02/0.025/0.035 BTC
If you want to hold then this is good potential.
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long position All the moving averages are rising together supporting the uptrend. RSI broken trend but price action trendline is intact which tells there is an bullish impulse in price action. It usually is the start signal of an uptrend and RSI will start making bearish divergences as BCH will make impulsive higher highs. This moment could be the end of deeper pullbacks we had recently. If it breaks out of that wedge will start a parabola. DYOR.
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ETHEREUM : PRICE ACTION IN SMALL TMF - PRICE IS GROWING ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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Strategy : Bullish FLAG
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LITECOIN : PRICE ACTION IN DAILY TMF , PRICE READY TO GROW ! 🔔Welcome back Traders, Investors, and Community!
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Strategy : ABCD PATTERN IN BULLISH TREND
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