Bchusdt
BCHUSDT Price Outlook 11 January 2021 — BCH SIDEWAYSHello, in this short video review, we looking at Daily, 4H and 1H timeframes for BCHUSDT.
Price fall from $600 and now will probably make sideways in 500 zone.
Personally I don't like trading BCH and my advice is to avoid it.
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BCH 1D Strong buyer is gaining position for a long time, up soonIt seems that large BCH investors still have big plans for growth.
Otherwise, we do not find another logical explanation, looking at the accumulation of coins during 2019-2020.
In 2019, the coin was sold twice above $380 , fixing the profit.
However, during the 9 months of 2020, the coin was very diligently bought in a narrow range.
Also, at the end of 2020, there was a break of the historical purple trend - up , which stretches from a high $4,000. The beginning for strong growth is laid.
Now it is important for BCHUSDT buyers and manipulators that the price does not fall below $360-400 , we take the average value, the level of $380 and record it in memory as the most important mark.
If the bullish scenario continues, it will be possible to buy tasty in the above-mentioned zone.
We will fix 300% profit, around $1200 for the BTC fork - BCHUSD.
PS:
We wrote about a possible BTCUSD cost fall two days ago in the weekly digest, read it in full)
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BCH/USD - At resistance $640, some cooldown expectedAfter a great run, BCH is cooling down a bit. We are in a descending triangle just below the weekly resistance. The triangle is likely to break-up as long as the momentum in the market is maintained with BCH having as next target $1,000. For that play, see my long term idea below.
If you plan to reload, wait for price to come lower to the most probably support at Fib 23.6% or $530. If we break below further, the next support is at are at $470.
Overall the bias for BCH is very bullish long term. Last ATH was at 4,400 USD so we have a LONG way to go up.
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BCH at a solid resistanceHello guys,
Quick update on the price of Bitcoin Cash (BCH). The coin is now sitting at $594 after reaching $630 in the early hours of trading. The zone in front of bulls represents a solid resistance cluster from back in the day. I'm talking about the $630-$660 zone that combines both daily and weekly timeframes highs. A break above that level will open the door for $850.
Down, I will be looking for support near $570 and $500.
It is quite possible for the price to revisit $570 and consolidate before re-attempting to surpass the above-mentioned first level of resistance.
I'll be watching how the price evolves from here, updating you accordingly for entry levels.
Regards,
-35% correction for Bitcoin Cash? (BCHUSD)With the Relative Strength Index (RSI) for Bitcoin Cash (BCHUSD) being so high right now, I believe that we could see a correction of around -35% for bitcoin cash soon when the price retests previous support/resistance levels.
However there could be a little room to see BCH rise in price in the next few days before that happens.
Bitcoin Cash (BCH) - January 10Happy New Year!!!
Dear traders, nice to meet you.
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We have to see if we can get support by ascending to the 574.28197715-602.96555936 section.
If it falls at the point of 435.40010001, a Stop Loss is required to preserve profit and loss.
(1W chart)
It broke above the 435.40010001-501.0 section, breaking from the lows section.
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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 conventional Stochastic RSI indicator. (K, D line -> R, S line)
** 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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Bitcoin Cash Daily Technical Analysis. Ladies and Gents
After breaking out of a crucial zone which now has turned into support after retest, Bitcoin Cash will be trying to test the confluence of ATH and ascending trend line's top once again. The green trendlines now act as dynamic supports. We will update this pair in a couple of days to see if ATH breaks.
Have A NICE WEEKEND eveyone.
Bitcoin Cash (BCH) - January 3Happy New Year!!!
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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It remains to be seen if it can rise along the uptrend line (2) and then break above the 367.31848226 point.
If you get support at 367.31848226, we expect further gains.
If it falls between 278.26196606-293.00097721, then Stop Loss is required to preserve profit or loss.
We must watch for movement to ascend above the 435.40010001 point.
-------------------------------------------------- -------------------------------------------
** 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)
** 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)