Bitcoin Cash (BCH) - February 6Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
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We have to see if we can get support at 435.40010001 and climb above 501.0.
In particular, you need to make sure you can get the support at 454.59999980 to give off the power of your ascent.
If you drop from the 411.87118638 point, you can touch the 324.10000000 point, so you need to trade carefully.
If you fall at the uptrend line (2) or at 367.31848226, you need a Stop Loss to preserve profit or loss.
(1W chart)
The 411.87118638-501.0 section is an important volume profile 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)
** 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 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)
Bitcoincash
Bitcoin Cash - Exiting a downtrend - price reversal BCH/USDTThe price of the coin is consolidating in a falling wedge-shaped trading range. This figure is bullish and indicates a set of positions by a major player. The confirmation will be going out of the trading range. My focus is on the global key resistance line.
Cluster analysis - large volume
Indicators - price reversal up
Break of the wedge -> exit from the trading channel -> confirmation -> continued growth in percentage. Target on the chart
Do not overestimate risks, do not trade with x10-100, be smarter and always take profits, and also move your stop loss.
$BCH/BNB using pitchfork will this work ?i am just trying new things.. like this Pitchfork...
i just use google and look at pitchfork pattern and trying it here...
not sure if this will thing will work... just an idea for ya
and please leave a comment if this is possible, to those who are expert here... Thanks!
Trade at your own risk!
Ascending Triangle pattern seen in $BCH in 1hr Time FrameAscending Triangle pattern seen in $BCH in 1hr Time Frame
This pattern could move $BCH up to $444 to $456 to $466...
my last chart on $BCH which was the Cup & Handle already breakout!
looks like this pattern already breakout too on $RSR if you will look at my chart on it...
it seem $BCH is imitating the move of $RSR
TYOR..
becareful!
Bitcoin Cash Poses To Be A Good Investment Right NowWarning: our thoughts are ours alone; not financial advice.
Not everyone believes in bitcoin cash or what it stands for. But like bitcoin, we also think it's a great speculative asset.
In our opinion, there's still opportunity to bag BCH as much as possible right now. Target, $600 and beyond.
Trade with caution.
Bitcoin Cash (BCH) - January 30Hello?
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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You should watch for any movement that deviates from 367.31848226-435.40010001.
If you fall at 367.31848226, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch and climb 324.1 points.
If it rises above the 435.40010001 point, it is expected to rise above the 501.0 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)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (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 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)
BCHUSDT (BITCOIN CASH) - POTENTIAL BREAKOUT ANALYSIS 🔎
- BCHUSDT is printing a falling wedge pattern.
- This is reversal pattern.
- A bullish pattern to be precise.
- Price is testing the falling wedge's resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and the horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the swing low support level (S1).
Thinking Of Buying Bitcoin Cash? You Might Want To Wait......Bitcoin cash is one of the very few cyrpto's that will go down considerably before turning bullish. There's a very good chance it will retest it's 2 year low at around 71.50 and that will represent an 80% decline from it's current price of 400. So if you are planning to buy Bitcoin cash then you might want to wait for it to go lower before buying it.
BCH - Target $1000From this chart we see that we have good support around $400-425 + we see also Elliott wave principle (1,2,3,4,5) waves and a small (abc) correction, so I think now it is time for new (1,2,3,4,5) waves to come and that will get us up to the target $1000 in the short term. The last update I did for BCH, I told u guys that BCH is lagging behind the Total Market Cap + the fair value for BCH must be around $2000-2500.
Bitcoin Cash (BCH) - January 23Hello?
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 435.40010001 and rise above 454.59999980.
If you fall at 367.31848226, you need a Stop Loss to preserve profit or loss.
It is of paramount importance to gain support by rising above 454.59999980 points from your current position.
-------------------------------------------------- -------------------------------------------
** 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)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (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 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
BCHUSD W1: Looking good and ready for another push !!!Hello and welcome to this quick update:
IS BCH READY FOR THE ALT SEASON ??
If the bottom is actually in for Bitcoin, then consolidation will help some Altcoins like BCH to bounce up again.
We can see BCH is already testing the lower support level on high time frames and we can assume that we are ready to test that high from early Jan once again.
So, for now, I am extremely bullish on BCHUSD unless we drop below $390.
The invalidation is closing below $390 at the end of this week.
Make sure to share your own insight with me in the comment section, I will glad to discuss my ideas with you guys ;)