Bitcoincash
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.
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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.
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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 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 ;)
✳️Bitcoin Cash/USDT Analysis (22/1) #BCH $BCHThe selling force in BCH is quite strong and BCH is heading to $400 zone, which is very important as it will determine the next BCH trend.
If BCH lose $400 zone, its uptrend will end and it will fall back to $275 zone in early February.
If the buying force returns and BCH moves sideways around $520 for a while, in February there will be a strong buying force to push BCH to $800.
📈BUY
-Buy: 400-420$. SL if B
-Buy: 340-360$. SL if B
-Buy: 275-290$. SL if B
📉SELL
-Sell: 400-420$ if B. SL if A
-Sell: 340-360$ if B. SL if A
-Sell: 275-290$ if B. SL if A
♻️BACK-UP
-Buy: 500-520$ if A. SL if B
-Sell: 760-800$.SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Bitcoin levelsAs long as price remains above 30,000 - 27,700 pivot area the trend for me is still bullish. Bitcoin has definitely been in a range/consolidation phase for the past couple of weeks which is healthy based on the huge rally it had in the month of December and early in the year. Rate of change has slowed but remains positive. Let me know what you think
Bitcoin Cash Stands Above EMA50, Ready To Jump!After the initial breakout BCHBTC (Bitcoin Cash) printed 9/10-Jan., prices fell to test EMA10 and EMA21 as support.
With this level holding, the stage is now ready for additional growth.
Look at the blue arrow on the chart... As long as BCHBTC stays above EMA50, prices can easily jump.
The targets are the black and magenta dashed lines marked above.
Namaste.
Previous chart/Full trade (9-Jan.)
Bitcoin Cash Trade Signal (165%)
Bitcoin Cash Price in Symmetrical TriangleBitcoin cash BCH price is moving in triangle you can buy here at the trend line support with stop loss below 7%
Bitcoin cash price also holding 100 EMA support on 2 hour time which is really good sign
Long : 485 below
Stop : 450
Target : 500 , 530 , 580 , 640