BCHUSD
BCH completed Butterfly move for almost 400% big moveHi dear friends, hope you are well, and welcome to the new update on Bitcoin Cash.
On the long-term monthly chart, the price action of the BCH with Bitcoin pair has completed the last leg of the bullish Butterfly pattern and entered the potential reversal zone. The 1.618 Fibonacci retracement level goes in the negative zone and it is not possible for the priceline to enter the negative territory, sofar the priceline has found good support at 0.01052 btc , therefore I have set the buying range from 1.27 Fib level to 0.01052 btc , however, if in the near future there will be some changes, like the priceline finds any new support then I will be keep sharing with you.
There is also a very good downtrend line support as well.
This trade has a huge profit possibility of 399%, and the high loss possibility upto 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BCH - Are You Ready?I updated you last week that we have broken the trendline and it is time to buy, since then BCH is up 25%. Now it is time to break the resistance $525-535 to move further. Once we break the resistance we are ready to takeoff. + We have RSI above 60, MACD still green and we all know that BCH is undervalued compared to the other coins. Let’s go 🚀
BCH LONG!The boundary between the two blue lines is very important!
The price is in a short bullish range and has managed to break the blue range well!
Now in the pullback, the range between the two blue lines is a good place for a steady rise in price
Return to Broken level of highest WR% is a sign of a strong price increase in the near future!
You can trade with three views! Short-term with a goal in the range of 571
Low-risk medium-term with a target of about $ 670 and high-risk medium-term with a target of about $ 1,000
BCHUSD to 4000+THIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
BCH should make a decisive move above $500.00 soon and that should take price to 649 then 1750. Ultimately I will take bigger profits up at $4,239.00 and maybe even ride some much further past that.
BCHUSD 💲 Price GO DOWN 📈 SELL 💲Hello friends!
Have a great day and good profits!
Congratulations, because our previous idea went in our direction! This is a great result for us!
As we can see, the price follows the resistance line and accompanies it well. Notice how the price bounces off the resistance line. This is a good sign for our idea. Now the price is at the resistance line. It's time to decide for the price where to go.
The resistance line originates in January 2021 and plays an important role in today's idea.
Today I expect the price to bounce off the resistance line and start falling towards the support zone. As for me, this is a profitable fall signal.
Open the SELL.💵
❗Don't forget about stop loss.❗
Do you agree?)
Your Solldy.
BCHUSD H4: BEST level to BUY/HOLD 40% gains(SL/TP)(NEW)BCHUSD H4: BEST level to BUY/HOLD 40% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BCHUSD 4hour chart review and outlook
::: updated/revised outlook
::: 40%/55% gains still possible
::: locked in range - likely accumulation
::: BUY near RANGE LOWS and get paid
::: conservative stop loss - 5% max risk
::: setup still valid as of right now
::: get ready to BUY LOW after pullback
::: TP bulls +40% gains near cycle high
::: strategy: BUY near 445USD TP +40%
::: overall nice setup, let's see what we get
::: so recommend to BUY/LOW and hold it
::: get ready to buy/hold exit +40% gains
::: and you will get paid
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/pullback
::: Sentiment outlook mid-term: BULLS/40% gains