BCHUSD , TP3 HIT !! with 250999 pip profit !BITCOINCASH/DOLLAR
Total Profit: 250999 pip
Closed trade(s): 64273 pip Profit
Open trade(s): 186726 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 04.07.2018.
Closed Profit:
TP1 @ 748.60 touched at 04.13.2018 with 12071 pip Profit.
TP2 @ 832.10 touched at 04.18.2018 with 20421 pip Profit.
TP3 @ 945.70 touched at 04.19.2018 with 31781 pip Profit.
12071 + 20421 + 31781 = 64273
Open Profit:
Profit for one trade is 939.10(current price) - 627.89(open price) = 31121 pip
6 trade(s) still open, therefore total profit for open trade(s) is 31121 x 6 = 186726 pip
Take Profits:
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free
Midterm forecast:
While the price is above the support 279.80, resumption of uptrend is expected.
We make sure when the resistance at 1120.15 breaks.
If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 65.
Bitcoincashusd
Bitcoin Cash - the one who FINISHED the cycle!Would you like to be part of the growth of BCH, that began recently? I´ve got a good news for you, you can be! why? Because BCH is just ending the wave 1 of it´s cycle. Yeah, we are coming back to the support trendline (roughly 800 USD) and than....well, prepare yourself for an awesome ride!
You will be part of it, because you can see it here very clearly! If you want to be part of another great opportunities, just follow!
BCHUSD - RSI bearish divergence formingA bearish divergence between BCHUSD price and RSI indicator is formng in proximity of level 23.60% fibonacci of last major bearish structure.
Doji is forming too. signs of trend reversal.
possible targets are in the 1150-1000$ zone.
Bitcoin Cash skyrocketsUnity is restored among the top 10 assets- over 24 hours, most coins showed growth between three and six percent, with Bitcoin slightly behind. Only Bitcoin Cash violates this harmony, increasing by another 15 percent. Two pieces of news are helping the coin overtake the market. First, the hard fork coming up on May 15 which implements an improvement code which promises to “avoid risks of network congestion.” Second, one of the largest mining pools, Antpool, began to “burn” 12 percent of received commissions, sending them o a wallet to which no one allegedly has the access.
BCH/USD
For a long time, Bitcoin Cash has not drawn any attention, having fallen eight times compared to its maximum values, which is a real catastrophe for a top asset. Moreover, we have repeatedly pointed to the speculative character of the coin. Due to its concentration in the hands of miners and Mr. Roger Ver, the coin’s rate has often escaped the laws of the market. And now, having hastily prepared a few news triggers, the patrons of BCH decided to prove that the most infamous offspring of Bitcoin is not an empty promise.
After reaching the $1,300 mark, the asset already looks extremely overbought. Although recalling previous moments of the coin’s triumph, we allow that growth may continue up to $1,385 where a strong resistance level is located, as well as the 1.618 Fibonacci expansion.
Nevertheless, a correction from current values seems more reasonable. The target range for the decline is $1,150-$1,200, at least. The fallback of the price to this level will not break the parabolic curve and will not break the logic of growth. However, the asset can’t continue to move at this pace for any length of time, so we vote for a deeper dip- down to $1,080 will be just right.
Check the full crypto analysis HERE
Bitcoin Cash Going to Hit 0.25 btc Soon ...BITTREX:BCCBTC is goes to moon,
Fundamentally, Hard fork is going to happen in 15th may, so it can goes to up.
Technically, the 1D Chart Resistance line already broken,
Macd Histogram forming above the line.
Coin already started Pumping,
So it can Hit the 0.25 BTC Soon...
**** *If You Like My Ideas,then hit the like button & Follow me for Latest Updates..******
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
" Be Happy, Be Disciplined & Keep Smiling "
BitcoinCash target 2160 when it breaks 1260 (Fib 0.786%)I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge!
Do you have some good tips for crypto coins? let me know!
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My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
BCHUSD , weekly update: Total profit 130070 in 6 daysTotal Profit: 130070 pip
Closed trade(s): 12071 pip Profit
Open trade(s): 117999 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.
Closed Profit:
TP1 @ 748.60 touched at 04.12.2018 with 12071 pip Profit.
Open Profit:
Profit for one trade is 759.00(current price) - 627.89(open price) = 13111 pip
9 trade(s) still open, therefore total profit for open trade(s) is 13111 x 9 = 117999 pip
Take Profits:
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 1538.95
TP7= @ 2026.20
TP8= @ 2811.15
TP9= @ 4088.05
TP10= Free
Midterm forecast:
While the price is above the support 279.80, resumption of uptrend is expected.
We make sure when the resistance at 1617.95 breaks.
If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 45.
There is possibility for the resumption of uptrend in BCHUSD .!!BITCOINCASH/DOLLAR
Midterm forecast:
While the price is above the support 279.80, resumption of uptrend is expected.
We make sure when the resistance at 1617.95 breaks.
If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 279.80 is broken.
Trading suggestion:
Price is in the Buy Zone (610.30 to 467.40), we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (610.30 )
Ending of entry zone (467.40)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 27.
Take Profits:
TP1= @ 748.60
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 1538.95
TP7= @ 2026.20
TP8= @ 2811.15
TP9= @ 4088.05
TP10= Free
The new buy zone & new opportunity for BitcoinCash / USDMidterm forecast:
While the price is above the support 279.80, resumption of uptrend is expected.
We make sure when the resistance at 1617.95 breaks.
If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 279.80 is broken.
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 31.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 945.70
TP2= @ 1120.15
TP3= @ 1292.20
TP4= @ 1538.95
TP5= @ 2026.20
TP6= @ 2811.15
TP7= @ 4088.05
TP8= Free
BCH USD to 304 - 210 USD (clean)BCH from my point of view, WITHOUT all the noise garbage painting... From:
BitcoinCash will keep falling down until reach the real accumulation zone in the 210 - 305 USD.
This will happen if the (weak) support around 560 - 620 USD breaksdown.
This coin was made in some part for making Cash, and it has already made a lot! but it still must retrace more.
This is only for educational uses, this is not a trade advice. Those are on your own risk.
I will be very appreciated for all your comments, observations, feedbacks, suggestions, opinions, teachings, etc.
Good trade.
-SG-
BCH USD UPDATE --- Nen STAR?Analyzing the chart that have published a few moments ago
I would like to add a new observation and its about a possible Nen STAR formation.
If the price bounce now, break the resistance in light blue and the black one, could be a clear signal of this pattern, which could lead the price to 2,519 USD.
Any comment, observation, feeback, suggestion or teaching will be apreciated.
This is only for educational use. This is not a trading advice.
Good trade.
-SG-
BitcoinCash probably will touch 405. Than long to 1200.Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for NEO now! But wait NEO to buy, because price looks to go to 30.00 first.
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What about my ' Cycle phenomenon' ? read here:
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
BitCoinCash at danger zone When it breaks resistance huge short Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for NEO now !
-------------------------------------------------------------------------------------------------------------------------------------------
What about my ' Cycle phenomenon' ? read here:
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
#BCHUSD Descending Broadening Wedge - Bullish Trend ReversalI don't normally TA BCHUSD, but when I do...
So I decided to look at BCH today because I never follow it and I mistakenly read BTCUSD price as BCHUSD and immediately wondered how BCH caught up with BTC. Thankfully I was wrong. But looking at the daily chart, it's completely obvious that BCHUSD is in a Descending Broadening Wedge, which is a Bullish signal for Trend Reversal.
Refer to this website for statistics and buy/sell targets. How you interpret the signals is completely up to you.
thepatternsite.com
My thought is we're either near a breakout, or we may fall again for the third touch at the bottom, before rising for a breakout. Either way, it seems like a good long position if you're going to hold for a few months.
BCC VIDEO Bitcoincach seems to be the MOST promising coin before July !!!!!!!! with a growth of 260% IFFFFF we don't go further down.
My strategy would be : be sure we don't go down by waiting confirmation on Stochastic, and then bet on BCC for this first half of year.
BitcoinCash at heavy resistance now Long to 1350 or short to 405BitcoinCash at heavy resistance now Long to 1350 or short to 405. Looks like a good moment to BUY!!
Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash and Ethereum!
-------------------------------------------------------------------------------------------------------------------------------------------
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
A opportunity to buy in BCHUSD. Don't miss it.Technical analysis:
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 39.
Trading suggestion:
. We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
Take Profits:
TP1= @ 1120.15
TP2= @ 1292.20
TP3= @ 1589.10
TP4= @ 2026.20
TP5= @ 2811.15
TP6= @ 4088.05
TP7= Free
BITCOIN CASH BEAR FLAG FORMINGWe can expect Bitcoin cash to dive down out of the flag after some more consolidation between the support line (bottom) and resistance (top). Looks like the bears are still very much in the market and we can expect to set buy targets around 800 ish area
This is for educational purposes only. SmartCrypto LLC takes no responsibility for trade profits or losses.
BitcoinCash perfect follows Fibonacci Building horizontal line?BitcoinCash is perfectly following the Fibonacci sequence. I see patterns which looks like the chart is building an horizontal line now?
Will this be a steady point? Fluctuations will continue between 950 and 1670. Every time when the resistances get broken, there is a change the price will go more long above 1670 or more short below 950, and following fibonacci sequence prices will be touched. Interesting! I am very curious what will happen coming months/years.
Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash and Ethernum!
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My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Quantamize Machine Learning Crypto Signal Update Bitcoin Cash Quantamize proprietary Machine Learning algorithms have generated a 3-day "Don't Own" signal for Bitcoin Cash as of 3/9.
We will be updating and producing more signals today and posting performance as well - stay tuned!
Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%.
Any updates to this 3-Day forecast will be shared, as signals are re-run daily.
We will be rolling out this product for 25+ cryptocurrencies as well as 4+ crypto portfolios in the coming weeks. Our website is in the signature below or check out our profile (or simply Google 1.44% 1.37% 1.37% us). We are collecting emails to update users when we release our suite of cryptocurrency products - - sign up to receive an alert when the cryptocurrency products are released.
BCHUSD: Bitcoin Cash - Price Action AnalysisThere is an interesting BCHUSD setup. The strong bearish bar broke the previous structure low and support level at 1142. Now that support acts as resistance and there are two scenarios that most likely develop.
The BCHUSD price action shows that the sellers controlling the price last few days. However, there is a slight shift of power in the last hours. The last 4H bar is bullish and buyer may push the price up and backtest the breakout. The second scenario is a more aggressive approach to go short and consider this as a valid breakout. However, I prefer to wait the market to see how the price action develops and then take the position.
- Follow & Comment -
BCH vs USD - Bitcoin Cash on the road to recoveryThe Bitcoin Cash market has slowly been recovering alongside BTC, lets take a look at the chart to get an idea of where we stand vs the Dollar.
We can see that the candles are making higher lows on the 4 hr candle chart.
This is a good place for the higher risk trader to get in on the action, stacking buy orders down into the $1260 support zone for quick gains on the way to $1300. Please note this is not advisable for the new trader, markets can change quickly.
The safer entry would be when markets consolidate above $1300 – $1360, providing we have good trading volume, this will be a good confirmation for the new bullish trend.
On the flip side should $1260 fail, we will most likely retest previous support at $1200 – $1000
Short term support is around $1200 and we have solid resistance above $1360, lets be patient while the bulls and the bears battle out.
Feel free to discuss this trade idea with me on Discord. Safe trades.