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BCHBTC trade ideas

BCHBTC Low Volume|Bearish Pennant|Apex| Breakout imminent Evening Traders, Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent. Points to consider, - Local Trend bearish - Price trading near apex - RSI testing support - Stochastics projected down - Volume extremely low - Local support - .50 Fibonacci BCHBTC’s local trend has been bearish, consecutive lower highs evident; this can be considered as a bearish pennant, a continuation pattern. Price is coiling up near its apex, support and resistances are converging, decision time is upon fruition. The RSI is testing its support; break will highly coincide with further downside momentum, similar case with the stochastics that’s already projecting down. The volume is clearly below average, this signals a breakout being imminent from this current formation. A break bearish needs to close below the .50 Fibonacci Level, this will confirm continuation in the trend, as local support is breached. Overall, in my opinion, BCHBTC is upon a break, this current formation can be regarded as a bearish pennant as the trend is clearly making consecutive lower highs. What are your thoughts? Please leave a like and comment, And remember, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Short
by AzizKhanZamani
Bitcoin Cash Is Forming Bullish BAT For Upto 24% Profit SoonFormation of harmonic bullish BAT pattern: The Bitcoin Cash with Bitcoin pair is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone to give chance to earn more gains. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area now the last leg (C to D) should be retraced between 0.786 to 0.886 Fibonacci level. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be: Buy between: 0.0296 to 0.0286 Sell between: 0.0320 to 0.0356 So this short term 12 hour chart based idea has capacity to produce upto 24% profit. Stop Loss: The potential reversal zone area that is up to 0.028646 sats can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
A Descending Triangle is Forming on BCH [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see BCH here with a strong bearish trend currently. It is reaching a point of support, but it doesn't look like it is really going to hold. I expect the price to bounce a little bit, confirm the triangle, and break through the bottom support line. The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through the support zone , and will create a sharp drop in price. --- What is The Quick Update Series All About? --- I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. 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! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more. Also, check my recent popular ideas on BTC:
Short
by Trading-Guru
3
BCH ANALYSIS: LONG THE NEW SUPPORTBCH ANALYSIS: BCH held the 200MA and flipped bullish as it broke above the previous resistance block. That same block is now outlined in green and is now flipped to the temporary support. Currently sitting on a 4HR green wick, it looks likely this spot will zone. The re-attempt at the hourly block is likely in which I expect another rejection to occur. Look for entry inside the zone just below 3500 sats down to 3450 sats. The take profit targets are T1 at 3545 sats, T2 at 3620 sats, and T3 at 3688 sats. Recommended to close full position before hourly resistance hit. If BCH does break ABOVE this zone, we can enter for a new long up. Possible Entries: 3450-3500 sats
Long
by altchicasignals
1
Bitcoin Cash | Bullish View Mapped (87%, 150%, 250%+ Targets)Good Sunday my dear cryptocurrency trader, here we have for you the Bitcoin Cash (BCHBTC) daily chart. Today I would like to share with you the bullish targets for Bitcoin Cash, meaning, the levels at which BCHBTC will find resistance on the way up. On the 12-March BCHBTC had a very strong drop, but the candle that followed on the 13 produced even bigger jump with really high volume, signaling that this retrace reached it climax and Bitcoin Cash can change its trend. Conditions for change 0.786 Fib. remains as the main support (0.030368). We remain bullish on BCHBTC as long as prices remain trading above this level. If prices move below 0.030368 we turn bearish, the above signals become invalid and a new analysis is needed. Thanks a lot for reading. Namaste.
Long
by AlanSantana
8