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Bitcoincash

The Crypto Cross BCHXBT in Upward Trend Channel on 2 Hour ChartDisclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Trend Analysis The main view of this trade idea is on the 2-Hour chart. BCH/XBT had a low in late June 2021 at 0.01331. The crypto cross proceed to form an upward trend channel with what appears to be several support/resistance zones in the trend channel. The most prominent support/resistance zone is the 0.1472-0.1505 price region. Traders can anticipate some possible market entry at that support/resistance zone which is a bit below the middle of the upward trend channel. A resistance zone is perceived in the 0.154-0.156 price level, which is near the upper region of the upward trend channel. The support/resistance zones are supported by the market profile indicator. Technical Indicators The short (25-SMA), medium (75-SMA) and fractal moving averages are trading below BCH/XBT which exhibits positive price movements in the respective timeframe. At the point in publishing, the short (25-SMA) and medium (74-SMA) term moving averages are in the process of having a positive crossover, which is also a bullish sign. The KST is also confirming positive price movements with a bullish crossover. Also, the KST is channeling higher over the chart review period. RSI is trading above 50, which shows positive price momentum and approaching overbought levels. Recommendation Recommendation will be to go long around the 0.1494 price level with a stop loss at around 0.1436. Initial profit target level will be at 0.156. This produces a risk reward ratio of 1.18.
Long
by Ceddy86
Bitcoin Cash (BCH) - June 23Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BCHUSD 1W Chart) If the price holds above the 517.20 point, it is expected to turn into an uptrend. (1D chart) We need to see if we can find support at 435.70 and move up to the 486.28-599.87 section. If it declines from the 343.10 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required. The price should remain in the range 599.87-827.06 to convert into an uptrend. However, it is recommended to check the BTC price movement as there is a possibility that the price may fluctuate depending on the movement of the BTC price. ------------------------------------- (BCHBTC 1W chart) You need to make sure you can sustain the price in the big box range 0.011530-0.048430. In order to turn into an uptrend, the price must rise above the 0.024777 point and hold the price. (1D chart) We should see support at the 0.013651 point and see if we can move towards the 0.014655-0.016063 section. If it continues to fall, it could touch the 0.011530 point, so you need to think about how to react. The price should remain in the 0.016063-0.018878 range to convert into an uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, 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 to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
KRAKEN:BCHUSD
by readCrypto
1
Bitcoin Cash (BCH) formed bullish Shark for big moveHi, dear friends, hope you are well and welcome to the new update on Bitcoin Cash (BCH). Previously we had a nice trade of BCH: Now this time, on the 4-day chart, the price action o BCH has formed a bullish Shark pattern. The priceline has already visited the oversold zone as it was dropped up to $468 and moved up. However, if the 50 simple moving average will be broken down, then it can give us another chance to catch it from the buying zone of this pattern. There is also 100 simple moving average support in the potential reversal zone. Buying and sell targets for Shark move: Buy between: $530 to $340 Sell between: $789 to $1265.42 Stop loss: The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $340. . Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 270%, and a high loss possibility up to 36%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
BCH/USD SHORTHere are my reasons for entering a short position on BCH /USD. The confluences for my entry: ✓ Strong overall downtrend ✓ Rejection of major key level ✓ Hidden bearish divergence at key level lower high - indication continuation ✓ Rejection at the 0.618 Fibonacci Retracement level ✓ TD Sequential printing a 9 on the 2HR - signally buyer exhaustion ✓ Stochastics momentum heading down** ✓ RSI Momentum heading down** *assumptions not confirmed I will a short position with a stop loss above the wick of the reversal candle of the lower higher ** this is not financial advice **
Short
by samfregonese
BCH/USD SHORTBCH /USD SHORT **Still waiting for entry** **Will enter on confirmation of confluences starred below** Here are my reasons for looking to enter a short position on BCH /USD. The confluences for my entry: ✓ Strong overall downtrend ✓ Rejection of major key level order block ✓ Rejection at the 0.5 Fibonacci Retracement level ✓ TD Sequential printing a 9 on the 2HR ✓ Double top on smaller timeframes ✓ Crossing back below the 55EMA** ✓ Stochastics momentum heading down** ✓ RSI Momentum heading down** I will a short position with a stop loss above the wick of the reversal candle/TD Sequential 9 ** this is not financial advice **
KRAKEN:BCHUSDShort
by samfregonese