BCHUSDT (BITCOIN CASH) - POTENTIAL BREAKOUT ANALYSIS 🔎
- BCHUSDT is printing a falling wedge pattern.
- This is reversal pattern.
- A bullish pattern to be precise.
- Price is testing the falling wedge's resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and the horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the swing low support level (S1).
BCHUSD
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
BCHUSD 💲 LONG 📈As we can see, on January 19, the price began its downward movement and reached the support level. As we can see, after the price reached the support level, the price bounced off it and rocked its growth. The price had a chance to rise to the resistance level. but the price could not reach him. Now the price has started to fall again and is at the level. This is a good sign for our idea today.
The price is now at the level. I think that the rise to the resistance line will begin now. As for me, this is a good chance for a profitable price increase.📈
Do you agree?)
Your Solldy.
BTCUSD 💲 Price GO UP 📈 BUY 💲Hello friends!
I wish you profitable deals!
As we can see, the price is still in our channel. On January 25, the price bounced off the resistance line and began to fall. The price almost reached the support zone and started an upward reversal. In today's idea, the main role is played by the resistance lines, to which the price will have to reach.
Today I expect the price to start moving up. As for me, it will be a profitable rise to the resistance lines. Notice how recently the price bounced off the resistance line without breaking it.📈
Open the BUY.💵
❗Don't forget about stop loss.❗
Do you agree?)
Your Solldy.
BCH/USD - Descending triangle approaching apex, what next?BCH has formed a descending triangle as indicated by the blue shape which is ranging between resistance ($600) and support ($400).
Price is now quickly approaching a decision time whereby it can break-up to retest the $600 level or seek lower support. We should know by early February.
4h indicators are flat, however on the daily we can see that we are trying to gather strength for a bullish bias where MACD histogram and Stoch RSI are curving up.
At this point, it is really up to BTC and ETH to set the tone for the overall market. In both cases we are at support levels so a new breakdown to lower levels may pull BCH down as well. To be seen.
Like and follow if you liked this idea!
BCH - Target $1000From this chart we see that we have good support around $400-425 + we see also Elliott wave principle (1,2,3,4,5) waves and a small (abc) correction, so I think now it is time for new (1,2,3,4,5) waves to come and that will get us up to the target $1000 in the short term. The last update I did for BCH, I told u guys that BCH is lagging behind the Total Market Cap + the fair value for BCH must be around $2000-2500.
BCHUSD D4: BEST LEVEL to SHORT IT 80% gains (SL/TP)(NEW)BCHUSD D4: BEST Level to SHORT IT 80% gains(SL/TP)(NEW)
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
::: MAX80% 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
Bitcoin Cash (BCH) - January 23Hello?
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.
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We have to see if we can get support at 435.40010001 and rise above 454.59999980.
If you fall at 367.31848226, you need a Stop Loss to preserve profit or loss.
It is of paramount importance to gain support by rising above 454.59999980 points from your current position.
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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 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 traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from 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 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
BCHUSD W1: Looking good and ready for another push !!!Hello and welcome to this quick update:
IS BCH READY FOR THE ALT SEASON ??
If the bottom is actually in for Bitcoin, then consolidation will help some Altcoins like BCH to bounce up again.
We can see BCH is already testing the lower support level on high time frames and we can assume that we are ready to test that high from early Jan once again.
So, for now, I am extremely bullish on BCHUSD unless we drop below $390.
The invalidation is closing below $390 at the end of this week.
Make sure to share your own insight with me in the comment section, I will glad to discuss my ideas with you guys ;)
BCH - 4h. The price reaches the buy zone. Main Target - $1200The fall in the price of BTC yesterday provoked a strong downward impulse in the BCH market. The price for the day fell by 20% .
The main trading volumes by which buyers formed a wave of growth from 9 to 11 January are placed above, in the range of $400-600 . What threatens the coin next?
In fact, we expect the price of BCH to fall below $360. In the range of $360-390 is a better chance to buy a coin in the long run.
Our target is $1200. Why this mark? Read our global idea for this coin:
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✳️Bitcoin Cash/USDT Analysis (22/1) #BCH $BCHThe selling force in BCH is quite strong and BCH is heading to $400 zone, which is very important as it will determine the next BCH trend.
If BCH lose $400 zone, its uptrend will end and it will fall back to $275 zone in early February.
If the buying force returns and BCH moves sideways around $520 for a while, in February there will be a strong buying force to push BCH to $800.
📈BUY
-Buy: 400-420$. SL if B
-Buy: 340-360$. SL if B
-Buy: 275-290$. SL if B
📉SELL
-Sell: 400-420$ if B. SL if A
-Sell: 340-360$ if B. SL if A
-Sell: 275-290$ if B. SL if A
♻️BACK-UP
-Buy: 500-520$ if A. SL if B
-Sell: 760-800$.SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"