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Bitcoincash

Bitcoin is just in another corrective phase.Short term downtrend is still active (4h time frame), however this is nothing unusual as Bitcoin is in corrective phase. In order to break out of this corrective phase, Bitcoin has to break the downtrend line at $51000 and ultimately the previous high at $53000 to break the trend of lower highs. However, this correction is a good opportunity to accumulate or buy the dips of some desired alternative coins with some decent discounts as alt traders have weak hands. The question now is, will there be another retest of the 50 EMA? No matter how bullish the recent news are, market is market and another retest of $43000 can be easily seen in the next days as the short trend is a downtrend. Looking at daily indicators. Wave indicator, MACD (26 and 9 EMA) is still in a corrective wave and as we are looking the chart now, the selling pressure seems to be increased as histogram is trying to print a taller tick (more vibrant red). However, the daily candle is not closed yet so this would be an early conclusion, the important thing is that we are still in corrective wave on daily time frame. Demand indicator, RSI is in a good position as there is no hidden bear signal or any other reason to be bearish. As long as RSI stays above 40, the overall daily uptrend remains active. Trend indicator, 20 and 50 EMA’s are pointing towards a clear uptrend but as the price is below 20 EMA we are only speaking about an uptrend, instead of a strong uptrend. Again nothing uncommon in a corrective phase. In summary, Bitcoin is expected to see some more sideways in the next couple of days before any stronger moves to the upside, which are highly expected to be seen once again.
Long
by TiborVrbovsky
1
Bitcoin Cash (BCH) - March 2Hello? 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. -------------------------------------------------- ----- We have to see if we can get support at 501.0 and climb above 574.28197715. If it falls in the 435.40010001-454.59999980 section, a Stop Loss is required to preserve profit or loss. However, you need to trade carefully as you can touch the uptrend line (2) and go up. It remains to be seen if the CCI line can rise above 100 on the CCI-RC indicator. If it rises above 100 and crosses the EMA line, then volatility is expected. The next volatility period is around March 12th. -------------------------------------------------- -------- (Binance BCHUSDT 1D Chart) We have to see if we can get support at 485.99 and climb above 599.94. If it falls from the 439.52 point, a Stop Loss is needed to preserve the profit and loss. -------------------------------------------------- ------------------------------------------- ** 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 the sake of 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. Therefore, the interpretation is the same as the conventional 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 published by oh92. (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 profit or loss 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 are not trading 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
2
Bitcoin cash completing bullish Cypher for upto 109% rallyHi dear friends, hope you are well and welcome to the new update on the Bitcoin Cash coin. On the long-term weekly time frame chart, the priceline of BCH is completing the formation of bullish Cypher pattern and soon it will be entered the potential reversal zone There is also 25 SMA in the potential reversal zone and 100 AND 50 simple moving averageS supports below the buying zone. this trade has a profit possibility of 109%, and the loss possibility is 23%. 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.
KRAKEN:BCHUSDLong
by moon333
1
BCHBTC ready to move up?BTCUSD reached important LT Resistance and might be ready for a reversal. Multiple indicators show Bullish Divergence The location of BCHBTC is good for entering trade. This is our number one check to make. If location isn't right there are no options to open a trade Risk to reward from this point to ATH & 0 is almost 20:1 so very good. If we can see double bottoms (W's) coming in we can enter trade at breakout of W or at retest of breakout level. For safe trading and minimum risk take 50% profit at your first double, another 50% profit at the next double and so on ... (Little Old Lady Technique by Brian Beamish) Putting all of these things together this seems like a very favourable setup. Cheers, W
Long
by WouterNRS
BCH - Still Bullish? Hi, we expected something similar will happen when Bitcoin goes in correction mode. Now we have to figure out what is going to happen after that. As you see we have made a double bottom in RSI(43) and that is the first positive sign and I expect we are going to see (W) formation in RSI and in the chart, which I have drawn for you. The second positive thing is that both uptrends held. The third positive thing is that SMA50 so far has held. The fourth positive thing is that we have made higher high and we have not made lower low. I think the first move is that we are going to test the support level 630 that we lost yesterday, if we get above it, it is time to move further to 730. We have to wait for more information. So be patient and don’t panic 🙌🏼 The altseason is right in the corner. 🤞🏼
BITSTAMP:BCHUSDLong
by GOAT1375