BCH/USD - trade from levels. Last idea came up 100%.
An important level noted the orange line to which you can tie the stop loss.
Long by Fibonnacci levels.
An important level acts as a stop loss anchorage.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Bchusdlong
BCHUSDt AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
We are in ascendind triangle.
you can enter the market if the current stop loss is satisfactory for you.
or a safer option is to open a position on breaking through 255 with stop loss under a level
Targets: ~275 and ~290$ (after first target will reached move ur stop to breakeven)
cancellation of growth if we rollback and consolidation below 230
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Also open to your questions or suggestions(PM to me).Will be glad earn some money for me and you.
BCH/USD LONG SET UP FOR (BULL RUN BREAKOUT)Key Highlights
• BCH/USD continues to see a series of lower highs in its market valuation.
• There is a likelihood that a notable move will soon experience past an upper range line at $280.
• A break of either of the two range points at $280 or $240 will signal a definite price direction in BCH/USD market operations.
Bitcoin Cash (BCH) Price Analysis
• Major distribution territories: $320, $360, $400
• Major accumulation territories: $200, $160, $120
There has continued to be a series of lower highs in the market valuation of BCH/USD. The base-crypto has relatively risen northbound, to hit a strong distribution territory at $280 as it had earlier done on April 8. Price now hovers around $280 and $240 price values. Price now hovers around $280 and $240 price values.
The bulls’ pressures are now seemingly gathering momentum on a weak mote. And, for the second time that the $280 mark touched, there is a likelihood that a notable move will soon experience past the price line earlier mentioned.
IF YOU MISSED SIGNAL AND WANT TO GET IN! USE THIS SET UP
BUY LIMIT BCH/USD
ENTRY 1 $245.50
ENTRY 2 $238.50
SL $230
TAKE PROFIT 1 $270.50
TP.2 $306
TP.3 $336
TP.4 $360
Tp.5 $420
Tp.6 $500
a short up wavei think for little BCH will continue to rise, may go around $270-$290 but it won't stay there for long and start falling back to around $200 - $220.
it bit risky to enter into any trade given current market conditions.
i think i will wait for trade to come to me at around $175 - $190 zone rather chasing it at $225 and above.
these are my own notes, not a trading advise. please do your own research before entering into any trade.
Cash?Bitcoin cash has formed a descending broadening wedge
This formation will likely lead to a break to the upside with the positive momentum that is occurring within the wedge
Top cap indicator can be use to observe the potential of such a coin
Gann analysis also included for XBT pair
Bitcoin cash has a very strong presence within social crypto climate
BCH USDHere we are with a perfect reversal, if this breaks above 345, the upper resistance of the ascending triangle, then real fireworks will come.
It already corrected with an ABC wave, and there is a bullish divergence both on MACD and RSI.
Halving is in 34 days by now.
That said, we are in a bigger ascending triangle, which could propel the price to above 1000.
Check my previous post about BCH if you wanna know what I mean.
This post is for educational purpose, not a financial advice, if you have any questions feel free to ask.
Good luck with your trades :)
BCH | After Being Rejected By $501 Getting Ready For Next MoveBounced Back From Key Level Resistance $501:
Hi friends welcome to the new update on Bitcoincash. Guys if you remember I posted an article on 2nd Feb 2020 where I told you that the BCH is going to hit its key level resistance at $501 at that time the price of Bitcoin cash was $378 and then it moved up to $497.53 that was very close to resistance level as I predicted in my previous post. And as I have been telling you that this is the key level resistance for the Bitcoin cash as the Bitcoin cash is not able to break out this resistance level since November 2018 once this resistance level will be broken out then Bitcoin cash can start more stronger rally towards achievement of the highest price in the history of Bitcoin cash for which many traders are waiting.
But unfortunately this time again the priceline of Bitcoincash is pushed down by the resistance of $501 in very powerful manner that this time price action even broke down the previous support of $355 and after breaking down this support the Bitcoincash moved back to the next support at $304 again.
At this support level the price action started consolidation and now it is likely to move up again towards the resistance level of $355. Here we also have 100 simple moving average support just beneath the 304 dollar support.
Simple Moving Averages Are In Good Order:
If we see the simple moving averages with the time period of 25, 50, 100, and 200 then sofar they are in good order the 25 simple moving average is above all other moving averages then just below 25 moving average we have 50 moving average after that we have 100 moving average and 200 SMA is just below all these moving averages. Sofar no moving average has formed any death cross with other moving averages. At this time we can see the 25 moving average is showing the tendency to move down to form a death cross with 50 moving average. But this death cross cannot produce the pressure that can lead to breakdown the support.
If we place the Fibonacci retracement to from the recent lowest price of $170 up to recent high of $497.53 then we can examine that the price action is retraced up to the golden ratio of Fibonacci level that is 0.618 Fibonacci then it is likely to up from here.The 100 simple moving average is also playing is very important role here as it is just below this golden ratio of 0.618 Fibonacci level to provide a strong support to priceline of Bitcoin cash.
Oscillators And Indicators Are Turning Bullish:
If we see some other oscillators and indicators then we can observe that on daily chart all oscillators and indicators are also turning bullish. For example the price action is getting bounced from the lower bands of bollinger bands and Reletive strength inex (RSI) has already visited the oversold zone and turned bullish now. If we see the stochastic then it can be clearly seen that the stochastic has given bull cross from the oversold zone and moving average convergence divergence indicator (MACD) was strong bearish but now it has also given weak bearish signal and that is also another bullish sign.
We Need The Priceline To Cross Up The Exponential Moving Averages To Back In Rally:
On 2 day chart above exponential moving averages with the time period of 10 and 20 we can see that price action was moving above these EMAs from January 7th up to 18th Feb 2020. But now the priceline has crossed down these eponential moving averages and both EMAs have formed bear cross now it is really very important for the Bitcoin cash to cross up these moving averages again in order back in bullish rally.
A Bullish Harmonic Pattern Is Always Helpful To Move The Priceline Back To Bullish Trend:
Here a very strong bullish continuation signal is appeared and that is the formation of bullish Cypher pattern let's dig this pattern deeper and see how perfect this pattern is formed. Initial leg was started from 25 December 2019 up to 17th of January 2020 then B leg is retraced between 0.382 to 0.618 Fibonacci. Then priceline started B to C leg and projected up to 1.414 Fibonacci projection of A to B leg. Then C leg is retraced between 0.618 0.786 Fibonacci. And this is the Fibonacci projection of X to C leg here formation of bullish cypher pattern is completed and the priceline is moving up. Guys this pattern can be great help for price action of Bitcoin cash to break out $355 resistance.
Ichimoku Cloud Turned More Bullish:
In my previous article we have seen that the ichimoku cloud was turned bullish up to 4 days chart. But now it has turned bullish up to 1 week chart. After crossing up the cloud now the candlesticks are retesting the bearish cloud as support. The lagging span is above the price action and did not cross down the priceline but once it will cross down the priceline then we can see e a bearish trend.
Here I have placed the chop zone indicator and we can see that the chop zone is turned weak bullish before that is was strong bullish from 13th of January upto 24th of February but this week it has turned weak bullish. We need to observe this indicators for next couple of days if it will be turned bullish again then candle sticks with lagging span and conversion and base lines cross up the cloud and then we can see the ichimoku even more bullish.
But if this chop zone will be turned bearish from here then the BCH can face bearish trend.
#Bitcoin Cash Strong support#Bitcoin Cash Usd ( Short Term )
Targets expected to be reached :
Target 1 : 432 $
Target 2 : 459 $
Target 3 : 491 $
Please share your opinion in the comments box and do not forget to press the like button
Check out some of our previous analyzes and don't forget to click on the "Like" button
BCHUSD - Buy 04/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy BCHUSD from 360-350
Stop-loss at 340
You will find more trading ideas in SAV Finance community.
BCHUSD - Buy 01/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can sell BCHUSD from 380
Stop-loss at 365
You will find more trading ideas in SAV Finance community.
BCHUSD LONGThis one looks nice.
There is a cup and handle pattern, which could propel the price out of the ascending triangle which has an upper limit around 506$. If that happens BCH could literally go bananas just like BSV did.
BSV and BCH are correlated, usually BSV makes a move, and after a while BCH repeats the same thing.
If it happens right now, we could see an explosive breakout towards the upside.
Just an idea, not a financial advice. Remember to set your stop losses and check my previous analysis.
Good luck with your trades
BCHUSD formed bullish Shark | Upto 55% bullish move expectedPriceline of Bitcoin Cash / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 210.16 to 183.53
Sell between: 232.66 to 285.02
Regards,
Atif Akbar (moon333)