BCHBTC Perfect Balance. Sideways trading.Pattern: Rectangle on 1D.
Signal: Bearish near the 1D Resistance Zone, Bullish near the 1D Support Zone.
Target: 0.026500 and 0.03200 respectively.
BCHBTC trade ideas
BCHBTC squeezing With btc dominance bleeding, we are seeing some alt/btc pairs showing some signs of bottoming/reversal. TTM squeeze is firing a signal on the 4hr and 1D, showing potential for a strong move. Seeing hidden bullish divergence on the 4hr, as well as bullish divergence on the 3D.
Bitcoin Cash (BCH) - Trade Update @coinselorI wasn't a big fan of this trade when I entered, but the idea was solid enough to warrant a position.
That said, price action has been rather good for us. Price has bounced off decisively from our entry price. Given my overall outlook on ALTS I expect price to continue much higher.
Again, this is a situation where mi position should have been stopped out given BTC's 40% huge move, but because we mooned right before, this trade held nicely.
Bitcoin Cash is on the way to profit !Hello, dear Traders!
Monfex is at your service and today we overview BCH/BTC.
After the price had plummeted to the support line, a triangle formed. Near the triangle's resistance we have MA50 , the breakdown of which will be a confirmation of a bullish scenario to the next green resistance zones.
But there can also be an another script. By breakout the support line, you should sell BCH and consider it near the red support horizontal line.
Supposed Trade Signal by BCH/BTC
Buy by breakout 0.028
Take profit ~ 0.02884 && 0.03047
Stop loss at 0.02749
Market Cap
$4 720 995 136 USD
Volume (24h)
$3 313 549 822 USD
Circulating Supply
18 081 438 BCH
Share your thoughts, ideas about the market under the chart.
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GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
SHORT BCHBTCIts time to watch this dumpster fire light and take its coarse... Pray for alts gents... 80% inbound when the weekly chart closes as strong as it is now.
Be Careful Out There Gents,
Mr. Manbearpig.
BCHBTC SHORTGreat RR if you missed the dump last night. This one seems to be lagging behind the rest on the dump but it is sure to follow should the dominance decide to continue fucking ALT HODLERS. The risk in this case is certainly worth the reward.
God Speed,
Mr. Manbearpig
LONG BCHBTCLooking like things are starting to bubble up in the alt market with the dominance chart taking its much anticipated dump. There are some really good breakout trades that can be taken at this time. This is certainly one of them.
God Speed,
Mr. Manbearpig
Bitcoin Cash (BCHBTC) - Trade IdeaThis is a Mean Reversion trade idea. It is a rather rare trade for me, as I don't like holding mean reversion trades for long periods of time. As always, the idea is to buy low and sell at a higher price, close to the mean or fair price. In this longer term trade, target is a major S/R level for Bitcoin Cash. I will manage this trade accordingly and probably decrease risk earlier than target, depending on market behavior.
The low volatility, the price/momentum divergence, the R:R of the trade and the overall market behavior aligned for me to take this trade.
SHORT BCHBTCLooking more and more possible the more I look at it. The BTC Dominance did make an attempt at a dump... when the market chages so must we. Aside from that this is a great risk to reward ratio and a fantasic trade.
God Speed,
Mr. Manbearpig
BCH NOT GOOD - OR SELL OR SHORT The market has just plummeted, but for a classic pattern trader I still have to share with you the bad thing about BCH / BTC.
BCH SELL OR SHORT (X3) FROM : 0.0270-0.02750
TARGET 1 : 0.02400
TARGER 2 : 0.02000
SL : 0.02950
BCHBTC wants to start an uptrend, join this rocket.Nice mometum buildup on this daily that wants to play out.
- OBV bottom marked, still in a squeeze like most bigcaps.
- 6H kumo breakout.
- Conservative target (we all know how crazy crypto can go).
This, together with alllllllllot of big cap alts all look the same. The bitcoin dominance and Altcap/BTC charts are looking so juicy, that you can basically position yourself in any of them.
Happy bull season!
BCHBTC: green 13 bags loaded and ready for glory PREDICTION: potentially x5 to BTC
Tip: $BCH is #2 by tech specs
