BCHBTC trade ideas
BCH could bounce on this supportStoch RSI is very low, Bollinger bands are squeezing, there is for me 75 % chance that the price goes up from there.
Short idea on BCHHello Traders,
BCH possibly will give us a short opportunity if the header and shoulders that it seems to be created were confirmed after crossing the neck line.
We suggest to open short position with the target at the 0.5 and 0.618 of Fibonacci and with the stop above the right shoulder.
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Beast regards, Sandro and Gustavo.
BCH/BTC 20HGreetings,
As you can see we have two bearish divergence.
The price would likely fall in long term.
Recommendation
Set an alarm when the RSI reaches to 35.
Then look for a bullish candlestick and open long position.
Good luck
BCH returning to test supportIt seems realistic to me that we will come down to test support before making a measured move up
Scam coin fallingBitcoin Cash retracing to 353 or lower to 335. Both strong support zones and Fibonacci retracement levels, so good to buy there and go long.
Currently at 376 support which is 0.618 Fibonacci. If price will manage to stay above that will be very bullish. At least BCH may bounce to 410 - there it will form potential right shoulder of H&S pattern, and finally dump =)
BCH - Shaping up to go parabolicBCH has been very strong the past month, up over 50% since December. This set up looks even better on the smaller time frames. I think BCH could go parabolic. I'm entering here with my two targets indicated on the chart.
BCHBTC pullback before continuation?BCHBTC could be setting up for a viable long opportunity right now with a possible continuation of the uptrend setting up.
Ideally a trader would be looking for a pullback here to the golden pocket which clusters up nicely with the 0.5 line of the previous move.
However to some, there is already enough reason to enter, with the break of the previous candle which was somewhat bullish.
Either way make sure your stop is set appropriately. A stop behind the bottom of the recent move is still a 10% stop, so adjust position size accordingly.
Disclaimer: Bitcoin forks (BCH and SV) aren't really my thing and I don't trade them. But it helps to be aware of what is happening with these coins if you are a proponent of Bitcoin. Also interesting that BCHTC is technically providing a better setup than BSVBTC right now despite SV's hype. BCH has also reclaimed the number 4 spot from SV in market cap.
Here is My Biggest problem with BCH:BTCHello All,
In the past, this has been one of my favorite crypto currencies to trade simply because it was very volatile as it has expansive upward movements that isn't always met with the same aggression downwards making exits simpler. However, I currently have a huge problem with this chart. If you can identify it as well, then, it is probably serving as a nuisance to you as well.
The problem is the gap: the reason why this is a problem is that is serves as a true reversal point, and it will be very difficult for price action to pass this region. The gap show true resistance at the BCH:BTC price than BCH:USD and I am not sure why, however, the gap is respected more so on BCH:BTC relationship. Circled in yellow, there is a double top at the median of the gap which was a prior low before a relief rally and an extreme downwards gap (A second downwards trendline is formed here).
There is still potential in this chart, as there is a triple bottom which has broken its second down trend. The last second and third bottom form a double bottom in itself with a price objective of 4200 satoshi (~23% increase). There isn't much to be seen in the RSI at the moment, however, once BCH gets going, it moves with strength. I suspect there may be a small consolidation at this price point before an extreme thrust upwards if we do not have a thrust upwards immediately. Otherwise a rejection here would mean that it would be testing prior lows denoted by the green rectangles. (Opacity of the boxes themselves resembles their strength)
XMR/BTCSo the TA works... You just can't use stop losses with it now.
Stop losses would've been the only thing to save you from the previous pretend bottoming patterns, so only the traders using them would be able to profit now.
So, as a good market maker, you have to take that away...
BCHBTCWhy use BCH when you can use BTC? Bitcoin Cash promises speed, but if you want speed go use Ripple or something. 90% of crypto projects will fail and i'm betting BCH will be one of them. Fundamental textbook range trading setup right here provides me with the entry.
BCH/BTC TA Update (Breakout Confirmed?)BCH/BTC
BCH just closes the day with an engulfing bullish candle and above key resistances. Now that resistance areas are broken,
BCH has to do is to confirm this old resistance turning into new support and we can see another 10% move up before it reaches our target zone.
But we can't be overconfident even the 200MA is on our side during this uptrend, the RSI is a bit extended be prepared if in case BCH has to retest the upward trend-line support before it continues Higher High.
BCH one of the cleanest wyckoff accumulations I have seenBCH is making a beautifull wyckoff accumulation graph.
Technicals
It has just broken the 200 EMA on the daily and I am expecting a pulback to that EMA or some consolidation in this area followed by a break of the consolidaition area
The horizontal resistance here has been tested 5 times already, horizontal support gets weaker every time it has been tested and I believe we will break here
All stops on the bottom got ran by the spring so we are ready for upside
the USD pair just broke its channel (will post below in update)
Fundamentals
The Bitcoin cash halving is in 92 days and could bring some fundamental hype to the table to create some upside
www.coingecko.com
#BCH/BTC 103% Massive Potential Profit Don't miss!! Thank you so much for coming up to this chart. Please follow me and like this chart to support my contents.
And do share your ideas. We're here to share knowledge right?
Let's get to the chart.
BCH has been trying to break the long term Resistance line R1 and R2 since very long and finally it has broken the resistance.
It seems we can have a massive rally in BCH soon. For that to happen the only thing we need is the break above that red horizontal resistance which will take us to the Long term targets as highlighted with dotted green lines.
It's also trading above 50D and 200D MA after a long time which is again a bullish sign.
Let's see how it goes.
Keep learning :)
#Peace
If you think there could be another way for the move do share your ideas and contents.
BCH ANALYSIS (SHORT THE TOP!)BCH ANALYSIS
BCH has been ranging inside an upward channel for some time. I expect this to be the top, as a bearish divergence had formed on the daily form the past top and this current top. I expect the channel to break down and would recommend a short from this position. Looking for drop back to channel bottom trend at T1 of .03125. The breakdown of the channel would bring in the next target profit of T2 at .0301 and on to the final target at the hanging 50 MA at T3 of .0285. The daily resistance should hold and BCH should see a retrace outside of the upward channel. STOCH has been bearish since before the recent pump and RSI is fading. Expect the retrace to come over the weekend and into next week.
Possible Short Entries: .0323
First krack at trading on KrakenDonchian Channel Suggested a possible bullish move, secondary confirmation agreed, went long at 0.03017 and captured a nice up move. I took off 50% of my position at 2x ATR to lock in some profit. I moved my Stop Loss to Break Even and currently letting my remaining half run with a trailing stop of about 1x ATR.
Nice trade so far, at least locked in a small winner and we'll see what happens with the remaining half.
Wing Trade in Bitcoin CashBitcoin Cash recently breakout an important downtrend line which came from 2018 but it still need to cross the resistance of 0,0326. Base on this, we are bullish on BCH.
Unfortunately we did not get the opportunity to buy at the crossing moment, however if the price goes up to 0,0326 and after a pullback to this support level, there will be an excellent moment to put BCH in our wallet.
Best regards, Sandro and Gustavo.
BCASH exit pumpThis is the most idiotic product in the crypto space and will hurt many people as it is going to suffer more than any other shitcoin imo. I am shorted it with high leverage with tight stops, target new lows
THE LONG OF YOUR LIFEGuys, this is the long of your life : BCH just broke a big resistance(in yellow) and retested it with success, it will go up to 0,236 of fibonacci, so to around 0,0667 btc.
THIS IS NOT A FINANCIAL ADVICE !
BCHBTC Short Position Target Achived within few DaysBCHBTC Now Trading bellow 0.029 BTC.
And I told you many Time for Short at 0.03150 BTC
and Price exactly hit Our Target point and our position entry filled.
My entry was 0.03146 BTC and now I closed my 70% position.
still looking bearish BCHBTC.
my Target for BCHBTC is 0.025BTC.
but keep in mind one think.
if 0.025 BTC level break down then free fall till 0.020 BTc.
I will buy here for new entry if follow this chart.
otherwise I will update you each and every Scenario.
