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BCHUSD

BCH/USD - Deciding on next steps, $500 in range!BCH did a good run so far despite the sharp pullbacks which can be frustrating. Now we find ourselves at this local support (dotted line) which I'd expect to hold the price and allow us to go higher towards $500. However if we break below it, then I think this run may take a break and we will need to reload at lower levels before $500 can be reached. It's important we do not fall lower as that would break the current momentum in price. I do not like how the indicators look (a bit bearish), but so long we hold at this dotted support line we should be safe. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Long
by DU09
4
Bitcoin Cash (BCH) - February 6Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if we can get support at 435.40010001 and climb above 501.0. In particular, you need to make sure you can get the support at 454.59999980 to give off the power of your ascent. If you drop from the 411.87118638 point, you can touch the 324.10000000 point, so you need to trade carefully. If you fall at the uptrend line (2) or at 367.31848226, you need a Stop Loss to preserve profit or loss. (1W chart) The 411.87118638-501.0 section is an important volume profile section. -------------------------------------------------- ------------------------------------------- ** 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 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 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 or 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: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
2
BCHUSD 💥 PRICE RETURNS TO UPPER LINEHello friends! I wish you all the best and thanks for watching my ideas! As we can see, on February 2, the price entered the channel and remains in it to this day. The channel is falling. On January 19, the price tried to enter the channel, but nothing came down and the price returned down. Notice how well the price bounced off the upper channel line and started to fall The price bounced off the upper channel line and began to fall. Today I expect. that the price will continue its falling movement and reach the lower channel line. Then the price will bounce off the line and start growing. I think the price will return to the upper channel line.📉📈 Do you agree?) Your Solldy.
BITSTAMP:BCHUSDLong
by Solldy
7
Bitcoin Cash & The BullsBitcoin Cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week and even close to matching Bitcoin networks daily output. BCH was the third most active blockchain in January. BCH has retraced 27% since 10 January 2021 but found support at the 50 SMA and the momentum oscillators are all turning positive on the 6 month chart. The moving averages are rising also. This looks like a nice set-up.
KRAKEN:BCHUSDLong
by rzinho
2
BCH/USD - Levels to watch, bullish price action towards $500!BCH broke outside this descending triangle and is now moving higher. We were stopped first at Fib 23% but now we managed to push higher and make it support. So our next target is $470, then $500. I like how BCH is looking here and I expect us to push higher fast as momentum is building up in the market. ETH is pushing higher after passing it's ATH and we're looking sexy. Indicators on BCH are very bullish, particularly on daily timeframe where the MACD is about to cross to the positive side and RSI is curving up nicely. Very bullish on BCH, good to explore long opportunities. Like and follow if you liked this idea! Also join me on my crypto community to stay in touch!
Long
by DU09
1
BCH/USDT Now Or Never!!Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! BCH has been on a powerful climb the past few days and is now approaching its biggest resistance challenge! This S/R line shown above needs to break or we can expect a correction! If it breaks this line, the previous highs will be next which sits around $500 to $600. Good Luck in your trades. Let's hope the bulls are really hear to play. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Coin Donations Are Always Welcomed :) Simplicity Wins
by rnaofs
BCHUSD 💲 SHORT 📉Hello friends! With the beginning of a new day! I wish you profitable deals and good mood! As we can see, in today's idea, the main role is played by the resistance line, which originates in January 2021 and the level. January 19 and February 1 were to break through our resistance line, but as we can see, the price was returning to our line. Please note that our resistance line most often held the price, not allowing itself to be broken. This is a good sign for today's idea. Now the price is slightly above the line, but this is a false breakout. The price is heading down and it will be a good fall. Today I expect the price to continue falling and be able to reach the support level.📉 Do you agree?) Your Solldy.
BITSTAMP:BCHUSDShort
by Solldy
16
BCHUSD D4: BEST Level to SHORT IT 80% gains(SL/TP)(UPDATED)BCHUSD D4: BEST Level to SHORT IT 80% 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 D4 chart review/outlook ::: setup still valid as of right now ::: MAX 80% correction incoming soon ::: massive rejection near range highs ::: furthermore ETHUSD failing near ATH ::: so limited upside in BCHUSD ::: expecting pullback/correction mode ::: re-test of mid range required for BULL RUN ::: so conservative target for BEARS ::: is 185USD which is 60% downside ::: it's possible that price will re-test ::: near range lows (80% correction) ::: however base scenario is 60% correction ::: no valid setup for bulls here ::: TP BEARS is 185 USD ::: recommended strategy: SHORT IT / SHORT rips/rallies ::: ENTRY at market or below dashed line ::: SWING TRADE: SHORT HIGH TP 60% 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/185 USD ::: Sentiment outlook short-term: MAXED OUT/REVERSAL
COINBASE:BCHUSDShort
by ProjectSyndicate
7