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Bitcoincashusd

BCHUSD Has Completed The Bullish Setup For Upto 163% GainsThe price correction and formation of pennant: After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the price action is going through the price correction period since Jun 2019 Upto Dec 2019. Now the price action is hitting 0.786 Fibonacci projection of lowest point of Dec 2018 to highest point of Jun 2019. With the price correction the price action has also formed a pennant with four touches at the support of the pennant, this time the priceline has hit the spike beyond the lowest band of Bollinger bands and hit the support of the pennant and like to have a bounce form this point. The moving averages: If we see the moving averages then on day chart the exponential moving average 10 is likely to form a golden cross with exponential moving average 20 like it formed in Oct 2019, at this time the EMA 10 is crossing down the price action to lift it up then it might form a golden cross with EMA 20. It will be 1st golden cross of above said exponential moving averages since after death cross which was formed on 17 Nov 2019 but this time the price action has already hit the support of pennant therefore this time we can have more powerful bullish divergence than the previous move Oct 2019. The true cloud reversal: On 4hr after 12 Nov 2019 the ichimoku cloud is proper reversed to bullish 1st time after 12 Nov 2019 when it was turned bearish during this time period the cloud was reversed to bullish on 3 Dec but that was clearly false reversal coz at that time the lagging span was failed to cross up the priceline and conversion line was also not able to proper cross up the base line but this time we can see very clear the lagging span has proper crossed up the candle sticks and conversion line has also crossed up the base line in very obvious manner and the cloud is also turned bullish therefore this time the cloud reversal is likely to be very true. Oscillators: The Relative strength index (RSI) was oversold and now it has turned strong bullish on the other hand if we see the stochastic RSI then it was also oversold and now turned strong bullish by giving bull cross from oversold zone and the moving average convergence divergence (MACD) has also given strong bullish signals by giving bull cross. The harmonic move and Volume profile: The price action of Bitcoin Cash has also formed a Gartley pattern which was started since Dec 2018. After initial leg (X to A) the A to B leg is retraced almost upto 0.618 Fibonacci (there is slight difference of 0.027‬ Fibonacci but all legs are driven perfectly as required for bullish Gartley therefore I have ignored this slight difference and considering it upto 0.618 Fibonacci levels), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally the C to D leg is retraced between 0.618 to 0.786 Fibonacci level and here the Gartley is completed and from this are the potential reversal zone starts. Now the price action is expected to take bullish divergence between 0.382 to 0.786 Fibonacci projection of A to D leg as it has already projected and again entered in potential reversal zone but the price line may take another bullish divergence to hit the sell zone as if we see the Volume profile of complete pattern then it is still showing very less interest of traders below this potential reversal zone of Gartley pattern. So according to this pattern we can set our targets as below: Buy between: 243.03 to 168.34 Sell between: 301.81 to 443.66 So this time the Bitcoin Cash's move has potential to give upto 163% gains, however our stop loss point would be the base of this potential reversal zone in case of complete candle sticks closes below this support level. Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
Bitcoin Cash Analysis: Daily Timeframe Bearish BiasConclusion for today's Bitcoin cash analysis: Lack of a price close above ~324 that is followed by a break below 247 is bearish for Bitcoin Cash. A log scale of BitcoinCash is presented using Japanese candlesticks on the Daily timeframe. The major bullish trend in the cryptocurrency that lasted over 8 months is highlighed on the chart. A break below the bullish trenline is bearish. The slope of the 200 Day moving average of BitcoinCash changing from a rising to zero slope also supports the notion that prices are perhaps going to resume further movement to the downside. The 200 day moving average currently coincides with the 324 price level and suggests that the the latest bullish price swing from October 23, 2019 might run into resistance at the aforementioned price level. 382 to 356.88 also present an immediate resistance zone above the 200 Day moving average so that any price movement above the moving average can be expected to stall in the resistance zone, even if temporarily. A break above the upper boundary of resistance at 382 improves the chances of having bullish momentum sustained. On the other hand, lack of a break above the 200 Day moving average that is followed by price closing below 247 is bearish for BitcoinCash.
COINBASE:BCHUSD
by Coin_Analyst
BITCOIN CASH - Technical Analysis - 37.4%-518% Profit ExpectedBITCOIN CASH - BCHABCUSD - Technical Analysis - 37.4%-518% Profit Expected Big Move Coming Up ... 5x Gains Expected. Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. Target Profit Range - 158 - 448 (37.4%-518% Profit Expected) TP - 1 - 158 TP - 2 - 211 TP - 3 - 265 TP - 4 - 325 TP - 5 - 385 TP - 6 - 448 Buying Zone! Long Position Early Entry Trigger Point - $100-$115 Ideal Entry Trigger Point - $65 - $80 Adjust your Stop Loss according to your lot size, account equity, strategy & money management. ***If you want to get in this trade from this point 214 you can still make 23.83% profit till TP3 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow , If you agree with my analysis :)
BLong
by Jaffery
BCHUSD formed Gartley | Upto 133% expectedPriceline of Bitcoin Cash / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Price action is getting bounced from bollinger bands support. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is oversold and in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 261.41 to 192.04 Sell between: 317.16 to 448.29 Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
BCH Bullish DivergenceTripple bottom formation on 1hr chart. 4hr chart is looking to make a turn around soon. If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance. Influx of volume today will confirm or cancel out this forecast. ______________________________________________________ Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment. Information provided by King Midas is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency. An investment in cryptocurrency is not suitable for all investors.
COINBASE:BCHUSD
by ILL_Midas
3
Is Bitcoin Cash Your Best Bet?Bitcoin Cash, like many of the other bigger crypto's is sitting at a critical level. We are receiving short term sell signals, however if BCH can fairly maintain these current levels, it may form a bullish flag pattern on the shorter time frame. I like the recent surge of volume on the shorter time frame! Looking at our daily chart, the MacD is at a critical support level. This is a crucial weekend for not just Bitcoin Cash, but cryptocurrency in general! The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! So try it today!!!
COINBASE:BCHUSD
by RandallGurule
BCHBTC Bottomed out Its about time Bitcoin Cash gave us the opportunity to long those steroidal rallies, this is looking like a safe bet to get in before the storm strikes next week. - Daily Bullish engulfing Support Levels: - Mid Range: .3009 BTC Resistance levels: - 25% range : .03115 BTC (Very weak resistance now, hammered 3 times already) - Range High : .03219 BTC (Strong resistance) Stop loss: .02919 BTC Game Plan: Long the test of support, sell half of the position at Range High, if we break through the range high level, we have found the bottom of which should be considered a very strong rally and should be targeting .03540 and higher!! Stop loss remains intact below the low of previous daily bullish engulfing candle, that base should be defended by the bulls if we are to push higher. Cheers!!!
BLong
by Pheneck
Strong Buy Signal BCHStrong buy signal coming in on Bitcoin Cash via the Megalodon Indicators! The Megalodon Indicator uses an artificial intelligence, combined with over 500 different buy setups, as well as over 2000 different indicators to produce stunningly accurate buy and sell signals. Join Megalodon Trading today and get your hands on our automated trade bot for cryptocurrency! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! Link in Bio!
COINBASE:BCHUSDLong
by RandallGurule
1
BCH Hit Our $300 Target- Time To Take Some Profits!!Hello readers, Bitcoin Cash Hit our $300 Target- I released a trade idea for it on March 27,2019 here: Now It is time to take some profits. Trade Instructions Trade: SHORT BCHM19 Current Price: 0.0600 Time Frame: 4 hour Leverage: 5x Buy in: 0.0600 - 0.0605 - 0.0614 Take Profits: 1. 0.0587 2. 0.0582 3. 0.0578 4. 0.0573 Stop Loss: 0.0703 Estimated Liquidation Price: 0.0710 Profit Potential: 26.45% ROE Capital Allocation: <6% Don't forget to leave a like! -Shaggad
BShort
by shaggad
Bitcoin Cash ShortI'm gonna try for a Bitcoin Cash Short here. There is RSI divergence into a resistance zone from January 2019. There is also RSI divergence on a daily. I prefer these when they have 3 points as in this case. Entry Short $168.8 Stop $171.2 Target 1 $160.3~ Target is negotiable... there is a 100 MA, the stated target, but also, if it breaks the trendline could see more downside, especially with the daily divergence. But as posted, it's a 2R trade. Honor the stop, if it doesn't work, there could be a blow off top at these levels. Travis JMJ - UIOGD
KRAKEN:BCHUSDShort
by Procinctu
Astonishing Find in the BCH Weekly Chart!! $300 By Dec 2019!!!Hello dear readers, Don't forget to hit that like button! I have found something very interesting that you all might want to see. Bitcoin Cash, a fork of the original Bitcoin, is the 6th largest cryptocurrency by market cap, which makes it a very popular coin for investors. (On a weekly time frame ) I have discovered that the money flow index is the same level as it was when BCH was trading above $1000+, around $1400. Current price is $165. This means huge amounts of money is coming into this coin, an amount that has not been seen since May of 2018. What could this mean? I believe it could indicate accumulation of this coin. A bullish sign indeed. There is room for BCH to trade higher and I believe the prices are a bargain right now. We could see $300 range by December of this year. What do you think? Why is the money flow so high right now while prices are barely moving? -Shaggad
COINBASE:BCHUSDLong
by shaggad
9