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Bchusdlong

BCHUSD - Up, up and away into wave 3!Looking at BCHUSD over the past period, I believe we are presently either in the start of wave 3, or at least in an area that isn't going to much lower for the time being. Looking at the chart, we've had an impulse wave up (wave 1 in dark blue), followed by a deep ABC-correction (wave 2 in dark blue), retracing to 91,8% of wave 1. Even if the present correction were to go lower, it should not go below the previous low of $870, so this seems to be a good time to build a long position. Stop-loss at $895 (if you're feeling confident) or $870 (if you like being careful with your cash, like a prudent investor). The wave-count is invalidated if it were to go lower than $870. Extending wave 1 between 100% and 161,8% gives us a target area of $1.238 - $1.411 for the end of wave 3. The usual disclaimer: You are the one trading and making the decisions. I take no responsibility whatsoever for your actions and their results based on this analysis. This should go without saying, but I'll say it anyway. Happy trading!
KRAKEN:BCHUSDLong
by Pvgeldrop
Bitcoin Cash Price Analysis – BCH/USD Moves Up Key points The price of Bitcoin Cash has risen above the resistance level of $1550 and $1700. There is a critical line of the bullish trend, which is at the level of $1680 on the four-hour chart (Bitstamp data) The pair can adjust, but there is strong support at $1650. BCH broke the barrier at $1700 and is likely to be able to hold this position. There was a continuous increase in the price of Bitcoin Cash from $1,450 a swing low against the US dollar. The price rose higher and overcame many barriers, such as $1,500, $1,550 and $1,700. He even cleared $1800 of barriers and traded up to $1,838 recently. The current price action is super bullish, and it seems that the price may still continue to grow to $1,900 in the near future. If you look at the chart, if the price is lower, the zone in the amount of 1650-1680 US dollars is likely to become a strong buying zone. On the other hand, the gap above the recent high of $ 1,838 could push the price above $1,900.
BITSTAMP:BCHUSDLong
by Fewcoins
BCH's massive move, time to keep it on your radar!You can hate on Bitcoin Cash all you want, but Bitcoin Cash has outperformed all of the other cryptos by far. it took just 2 WEEKS for it to DOUBLE. 2 BLOODY WEEKS! What is really tricky about this is identifying a trading opportunity, which right now I don't see any. I do think it's a good time to take some profit. You could risk shorting it as the charts indicate we are in oversold territory by a couple factors: 1. RSI in oversold territory 2. Hitting a resistance zone. BUT, a lot of people are just arbitrarily converting there BTC into BCH which has driven it up a TON and has kept MACD looking really good. Which is why I am not going to risk shorting it. I want to throw this out there to make sure people keep it on your radar as it made a lot of people a lot of money, and it's worth notating. We'll want to watch what happens if it pulls back and what it does at this $1,000 support zone/fib zone we have here. Happy Trading, -Sherem
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by Sherem
4
BCH/USD cloud breakout targets 1600s, stay long on dipsBCH/USD extending upside from multi-week lows of 603.30, bias higher. The pair has taken out 1400 handle and has hit 9-week highs of 1438. Price action has shown cloud breakout which raises scope for further upside. Technical studies support upside, momentum with the bulls. Next major resistance above 23.6% Fib lies at 1644 (Feb 18 high). Immediate support lies at 1194 (cloud top) Support levels - 1194 (cloud top), 1169 (5-DMA), 1005 (55-EMA) Resistance levels - 1473 (23.6% Fib), 1644 (Feb 18 high), 1700 Good to go long on dips around 1300/1350, SL: 1200, TP: 1475/ 1550/ 1640
COINBASE:BCHUSDLong
by FxWirePro
2
BCHUSD V-bottom and breach of trendline:4hr tf analysisBCHUSD (Bitcoin cash) hit a high of ~$3930 on Dec. 20, 2017 after which it sold off. A bearish trend line is used on the chart to indicate the bearish move in price of BCHUSD ever since. Price action can be seen to form a V-bottom (bullish signal) on Feb. 6, 2018 from where price went on to break the bearish trendline on the 4hr tf on Feb. 14, 2018, which is a sign of a resumption of a bullish trend, even if temporary. In addition, BCHUSD (Bitcoin cash) also seems to be currently forming an inverted Head and Shoulders pattern or (Head and shoulders bottom). I have drawn the neckline on the chart. Price needs to close above the neckline (close above ~ $1,290.76) for the Head and shoulders bottom to confirm. The Head and shoulders bottom is ideally a bottom reversal pattern but it can also show up as a continuation pattern which I suspect it is in this case. The range for the target area is between $1,918.18 and $2,102.72 A close above the neckline (close above ~ $1,290.76) can be used to initiate a long position with a stop loss placed just above support area 1 (i.e. ~$1,198.50). The bottom range of the Target area can be used to take profit for example. Using this ideal scenario, risk on the trade = $1,291 - $ 1,198.50 = $92.50 Reward = $1,918.18 (bottom of Target area) - $1,291 = $627.18 Risk/reward ratio = ~ 6.7:1 Failure of BCHUSD to resume its uptrend and closure below Support area 1 (between $1,130 and $1,190.52) does suggest that Support area 2 (between $999.49 and $904.91) will be tested before another bullish move can be sustained in BCHUSD, even if temporary.
BLong
by Coin_Analyst
4
BCH/USD shows 'Symmetric Triangle' breakout, go long above 2540 BCH/USD has shown a decisive breakout of 'Symmetric Triangle' pattern on 30 minute charts. Technical studies are also bullish, which support further upside in the pair. RSI strong above 50 levels and biased higher. Stochs show bullish momentum. We also see +ve DMI dominance with ADX support. The pair faces immediate resistance at 2540 which is nearly converged 100-SMA and cloud on 30 min chart. Decisive break there could see test of 61.8% Fib at 2734 ahead of 2832 (78.6% Fib). Bullish invalidation likely if the pair retraces into 'Triangle'. Support levels - 2513 (23.6% Fib retrace of 2956 to 2377 fall), 2474 (1H 100-SMA), 2450 (trendline/ triangle top) Resistance levels - 2540 (1H 50-SMA, 30 Min 100-SMA, 30 Min cloud), 2734 (61.8% Fib), 2832 (78.6% Fib) Good to go long on breakout at 2540, SL: 2450, TP: 2670/ 2735/ 2830
COINBASE:BCHUSDLong
by FxWirePro
1
BCHUSD - Bull flags, pump imminentA bull flag fractal pattern is draw on the chart. We should see a 5 wave impulse, the first wave to test 4k, wave 2 to retrace, wave 3 to attempt again and breach 4k, 4th wave will find 4k as support, and wave 5 could go up to 4500 or beyond (hard to tell where it might end because we are at all-time highs). Also, just because crypto charts seem to love triangle corrections, I've outlined a probably ABCDE correction. Let's see how it pans out.
BLong
by unaveragejoe
3