BCHBTC week support BCH trapped in two triangles, A bigger green triangle and a small black triangle. In short term small triangle matters, so it will pump to 543, it is a support turned resistance, so it will drop to 405.
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BCHBTC trade ideas
BCHBTC Gann Momentum Chart 1D/1H 4/29Bottom appears to be in. Time to retest the Momentum Oscillator.
BCH/BTC - LONG with TIGHT s/l (updated)Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Green line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
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BCHBTC LONG TERM ANALYSYSBCH trapped in a triangle since its inception, RSI shows its trying to get out of the triangle in a month or two. We have to keep in mind that BCH doesn't have any value, its price movement almost entirely depend on BTC. When it broke out of triangle in December 2018 a narrow channel started(showed in dark lines), a possible move can lead to test the wall of triangle around 543. it will definitely fail and drop to the bottom support
Week support : 405
Strong support : 334
These week and strong support levels will decide shape of the narrow channel. it will bounce from these support levels.
Refer my another short term analysis idea here
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BCH - Again SHORT?BCH just broke through the support at ±0,0518 and now going to retest the resistance at 0,0518 - 0,0525 . The price is located below the MA 200 (4H chart) which is a strong resistance too.
Stoch RSI is very close to the overbought zone, no convergence on RSI .
Summarizing all facts , we can conclude that there are almost no reasons for a growth, while the whole market and especially altcoins are falling. At the moment we have a good chance to open a SHORT position on BCH for a good price.
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BCH short story LONG!Opening orders at 0.056 :)
Will likely hit the next resistance 0.095 within few days
BCH consolidating for explosive breakout.BCH forming 4th wave elliot triangle.
Explosive breakout on the breakout of this triangle.
stops can be places just below the triangle.
All the best.
BCH/BTC break out trade (short term)I've notice people either like bch or hate it as a coin.
I don't have any preferences to be honest. But I've done some nice trades in the past so I guess I like it. And it learned me some costly lessons as well.
After very encouraging run this week I was expecting pull back or some longer period of consolidation. I like the expression Sideway fuckery.
After seeing this break out of smaller triangle with decent volume I decided to go for a ride.
EDIT: Looking at Volume again - it doesn't look good on this chart but it depends on time frame and exchange.
I expect some pull back now with possible retest of triangle. But it can also go back for a few more days or a week for some more sideway action and stop loss will get hit.
Almost 4% stop loss is much more than I like. I might go for tighter. But reward is big enough that we are getting 10:1 on this trade anyway.
I won't be surprised if this stop will be hit and it might break out later . But anyway - I can always reopen a trade when new opportunity arises.
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The bigger picture
BCHBTC Will Roger Ver be able to pump this again?I 'd like btc at these lvl's, looking to scoope a bag around here. Hoping for another legdown to buy some more.
Personally i'm not going to use a stoploss on this case as i'm certain Ver will pump this again. using 5% of my budget for this trade.
Target 1 is .05 ish.
Gl
BCH/BTC adam and eve trend reversal. Whats next? find outlooks beautiful... wanna know what else is beautiful? my telegram channel. go ahead and look at the blue text on the chart. type that into google and join me. thank me later.
now, bch has a HUGE trend reversal and its made some sick gains already. My last call went BEAUTIFULLY! we can see it has more of the gap to fill but for now we hit some decent resistance. so we may go down for now. consoildate a little and come back up with more strength to push through. This is the bottom. This pattern has been playing out in a lot of coins. even BTC has this. XRP/USD has it too and hasnt spiked up yet. so im looking to long TF out of it.
I would suggest to wait this out a little and see what happens. I think were gunna have a pullback into the weekend .
Good luck
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BCH has over 100% potencial and even more!MACD is on our side in weekly chart also. We need to get above 50 day MA.
BCH/BTC - ready to pump (updated)BCH/BTC looks like it has great potential to pump up to the target.
I didn't like where the top of the fib channel was originally set, this makes much more sense to me.
Target: 0.0540
Bitmex Target: 0.0550
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
