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BCHBTC trade ideas

EW ANALYSIS: Bitcoin Cash Ready To Fly?!Hello Crypto traders! Let's talk about Bitcoin Cash! Bitcoin Cash was one of the first in which a rise occurred at the end of December in 2018. And now, it could be the first one that can complete a correction since we see both, BCHUSD and BCHBTC at important support area between 61,8% and 78,6% Fibonacci retracement! But, the most important from EW perspective is that we can clearly see a three-wave a-b-c corrective structure from highs, where wave "a" is a leading diagonal, wave "b" is a triangle and motive wave "c" ended by five waves! That said, we really like Bitcoin Cash for a potential bullish turn here, but we need confirmations, so if we see a sharp bounce or a five-wave rally away from current support area, followed by a break above previous wave "b" (BCHUSD above 167 and BCHBTC above 0.043), only then we can confirm a completed correction and we can start considering bullish scenarios! Invalidation levels remain at December 2018 lows! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
4
BTC-BCH Bitcoin Cash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10 Date : Since 2017 ( 3 / 10 ) Volume 24 H : 48000 BTC ( 7 / 10 ) Available Markets* ( 10 / 10 ) Social Media Rate ( 8 / 10 ) Ranks ** 4 ( 10 / 10 ) Website ( 8 / 10 ) Type Cryptocurrency Overall ( 8 /10 ) PLANNED NETWORK UPGRADE on Nov 15, 2018. It might pump a bit before this date. I did my first 10X on this coin! It was a huge success! Sold it around Nov 2017 and dont touch it since then. It is come to buy it back around 0.07 and 0.05 ! When Roger Ver comes to the stage, No one can hold Bcash . You can also wait Bcash to break downtrend line line and let MA 50 to pass MA 100. Be careful, BCASH Pumps so quickly. That's why it is a good time to accumulate some Bcash right now at this level. $300 - $450 levels are always great levels to buy it for the long term investment. * Considering top 10 crypto exchanges ** Top 100 coins on coin market cap get 10 points
Long
by CryptoEngineering
BCH Bull Pennant Breakout (20 Risk to Reward Long)BCH is currently near the end of a large bull pennant. If you take the previous upswing from last month and mirror it over to the current price, you can actually see a very interesting observation. Taking the fib extension tool, you can see how the mirrored move up matches up with significant fib levels. The move up ends at the 1.618 extension of wave 1 (or A), which coindentially happens to be a double top from before the crash. Finally, this completes the price gap from Nov 20. By longing at current prices with a stop below 0.0375, you have a 20 R:R trade. Alternatively, you can long the retest of the downtrend line for lower risk.
Long
by Valsyth
1
$BCH $BTC - Many signs for a bonus, but with roadblocks The ratio got grounded to the dust after the fork to its lowest ever at 0.25. The recent rally was an indication of how undervalued it was. After a move like that, 1) its normal to have bounce to 0.5-0.618 Fib level of the entire drop 2) ABC waves are normal in a recovery during an downtrend. A & B appear to be done 3) Bull flag can be seen with a target flag pole at the Fib levels BUT, 1) 50 Day EMA (Orange) is major resistance and then 100 Day EMA as well 2) In September, a similar setup failed, where price crossed 50 Day EMA (green arrow), fell short of 100 Day EMA (red arrow) and then price got rejected again at the 50 Day EMA (red arrow). This can happen again 3) In ABC, the C can fall short of A or turn around at same level or cross it A tight Stop Loss just below 0.04 will help to play with good Risk:Reward ratio. Take Care. All the best.
Long
by imkeshav
1
BCH Continuation of UptrendThings to note -> Forming a bull flag on the daily timeframe which is a uptrend continuation pattern. -> Has retraced more than 50% already. I would like to see it retrace to 61.8% before continuing with the uptrend. -> Forming a falling wedge on smaller timeframes. -> Has tested HTL on daily timeframe once -> Decent volume -> RRR is pretty good considering the next target is a bit far How am I trading this? Keeping Low Leverage as this is a long term trade for me. I'm spacing out my entries with last one being at 350 followed by a tight SL of course. What are my indicators saying? FOMO 4hr and Daily are sell signals which indicates that we could be heading down temporarily. To play it safer by risking not having a LONG position if it runs here, you could enter around 390 or lower Targets 465 530 590 648
Long
by vjsharma89
1