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BCHBTC trade ideas

BCHBTC 1D death cross, fib, and support zones.BCH is just now working on its 1D death cross (200 EMA crossing above the 55 EMA). This fits nicely with BCH rising into a nice orderblock (blue box). We have a confluence of multiple resistances here - 618 fib, stacked 55/100/200 EMA , and daily volume profile PoC . Looking at RSI , we see a trend line that it is likely to test and stochs also looking like a bit of upside, which should see us moving up to these resistances. I will be layering shorts from PoC (~.0339) to 200 ema (~.0352). Target here is the next order box (.0265, 25% move). Will start phasing out of short if we get any 12h or 1d closes above this order box (~.0365), with a SL at .0388.
Short
by nfamy
1
BCHBTC: Is the next bullish wave about to happen?Here is my view on Bitcoin Cash vs BTC for the next few months. After ranging for half a year between 0.025 and 0.034 followed by a breakout through resistance, the price has found its support between 0.030-0.035. If we do get a bullish confirmation in terms of a huge green candle that goes +15% or +20% up then it will be a great confirmation for bullish continuation. In this case, I expect the price to reach at least 0.06. What to expect next? In my opinion, it is not the best idea to jump in right now and hope for a blast. We should not guess the move but rather act accordingly. Ideally, we want to sea a bullish confirmation shooting above 0.037. If that happens, it is considerably safe to open long with the stop-loss around 0.031. The risk-reward ratio in that case will be up to 5:1 or even higher. What if...? This scenario will be violated if the price drops sharply below 0.029. If this happens, then we might see another 1-2 months of a sideways movement before any significant price action occurs again. Remember, the price of entry does not matter as long as the Risk-Reward Ratio is good enough and the market shows actions according to your strategy. What do I meen by that? Let's say you are expecting a green confirmation for your entry and suddenly the price moves much faster and much further than you expected. Should you still enter that trade? If it does not violates your rules for entries then yes definitely you should enter a trade. Stronger move means stronger confirmation for you and thus more confidence in your strategy. ======================================== GENERAL RULES TO KEEP YOUR ACCOUNT SAFE: 1. Do not risk more than 2-3% per trade! 2. Try to wait for a trade with the Risk-Reward Ratio of at least 3:1 3. Always use stop-loss! 4. Do not FOMO and do not add to a losing trade 5. Remember: Patience is the key! THIS IS NOT A FINANCIAL ADVICE so please do not follow it if you are in doubt. DYOR!
by myka
BCH BTC LONGIt looks like bch has completed a falling wedge pattern, which is often bullish. The pattern is interesting because there is triple bullish divergence on the RSI, the price in satoshi is dropping, but the momentum isn't following to the downside. A bounce could be incoming. This combined with the btc halving could see bch propel higher. IF it breaks the dotted line (resistance line), then it's highly likely that bch will complete the inverse head and shoulders reversal pattern. The same structure can be observed in other coins as well, such as ETC. As usual the post is for educational purpose only. :)
Long
by darkpiggie
Bitcoin Cash Trend ReversalWe can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom. I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position. Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
7
Bitcoin Cash Bounce Off SupportBitcoin Cash retrace is coming to an end? We can see here a higher low (light blue) and prices starting to move above EMA10. BCHBTC can move to the upper side of the purple channel. The indicators are looking good but the trading volume is still low. Normally a bearish signal but since today is a Saturday we can either expect to see the trading volume grow by Monday or else experience a drop. We remain bullish on BCHBTC as long as prices are trading above 0.028840. This is not financial advice. Thanks a lot for reading. Namaste.
by AlanSantana
3
BCH making correlating moves with... Hi! BCH has always been a volatile and for the courage traders a profit machine at times. Much like XRP it goes totally off the rails when it wants. I see strong correlation between BCH and BTC, and as you might now by now, I have been and am still really bullish on BTC, so same will apply for BCH aswell. BCH has been for as long as I can remember a great mirror for BTC, many times even being the signal before the runs. We should assume it hasn't changed now, and because BCH has made a solid bottom and started next bull trend, I see no reason not to include a chart of this as well. All the best! -B
Long
by bnqview
1
BCH/BTC 2H (Binance) Falling wedge break-out & on supportBitcoin Cash is looking quite bullish on that Time-Frame, even the RSI is showing a break-out. I'm expected to catch it on the pull-back, but I will start entering now above 20EMA (red one): Buy Entry= 0.032750 - 0.032150 Take Profit= 0.033633 | 0.034488 | 0.035853 Stop Loss= 0.031269 Risk/Reward= 1:1 | 1:1.73 | 1:2.88 Expected Profit= 3.65% | 6.28% | 10.49% Possible Loss= -3.64% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x | 3x | 5x
Long
by TradingOn
BCHBTCSo far roughly 90% of all my BCH analysis have played out. ( please kindly check my previous posts for verification). i still hold my long term trades on the physical coin that price will reach its previous ATH again ( time frame can't tell). I am currently looking at BCH/BTC on the monthly time frame and i am starting to get the impression that over time ( 1-3 years) the price of BCH will be at leasts a tenth of the value of Bitcoin it self ( 0.1 or 10% as you may which ever way.) now looking at the math ( simple ) each BTC halving ( the latest one approaching in may ) ends up with another bull run normally between 18-28 months ( as per previous years ) . i know past performance don't mean the same equation as future predictions but with this chart of BCH/BCH meeting my entry criteria on monthly time scale, bitcoin halving coming, ( possible or if i may we are in a recession) with trillions of stilimus/quantitative easing flooding the economy. surely a fraction will be used to flow into the crypto and bitcoin still testing time as a safe haven i believe some small tiny drop of these trillions can revive things again. so assuming ( my opinion) btw goes into another bull run with new ATH ( say $25000 - $30000 ). i foresee BCH/BTC reaching its 0.1/10% mark. now assuming you have at least 10BCH... equating to the 10% value of BTC..... do the math... This is my own opinion guys not an advise... :) overall am still bullish on crypto.
Long
by kev1237033
BCH/BTCTA spotted. iH&S target 0.047/0.048 - potentially to produce to double top pattern to invite shorts. Actual target 0.085 minimum. Everyone with the balls to short this rally must die. A virus to make everyone scared to talk to each other or touch the same things... Crypto is about to bubble so absolutely fkn hard. Enjoy the future that I see. AVOID USD like the plague. The US Gov/Federal Reserve is about to dish out more than 50% of the M1 supply in a single sitting... DXY will be the heaviest object in the universe soon. Trade EVERYTHING with the goal of increasing wealth in BTC. You'll capital flight taking place very soon, if it hasn't been visible to you yet.
Long
by ovvnyou
1