BCHBULLUSDT trade ideas
#BCHUSDT Sideways Channel ($100-$150)Trade setup: Trading in a Sideways Channel ($100-$150). Swing trader: trade the channel (Enter near $100 support and Exit near $150 resistance). Trends remain bearish but $100 support area could be a swing entry point for a riskier trade setup; keep a tight stop loss (~$95). (set a price alert)
Trend: Neutral on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $100. The nearest Resistance Zone is $150, then $200.
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BCHUSDT
Presently, we have R2 and R1 as our resistance areas which both include the disability of the price to rise. S2 used to be a long-term resistance line and S1 and S3 are the support areas that have the well support of price. Obviously, we have the price fluctuating below R1 and we expect that it will fall to S1 (according to its past trend) and by having some related signs and a rise toward R1, the right shoulder of the pattern will be completed. We hope this will happen in the coming days.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BCHUSD ❕ upper boundary of channelBitcoin cash long growth with no pullback on the 4H Timeframe and has already reached the upper limit of the ascending channel.
Meanwhile, at the same Timeframe, price and RSI managed to form a bearish divergence unconfirmed by trading volumes.
I expect a correction in case the BCH doesn't hold the support level.
BCASH DEAD CAT BOUNCE INCOMING THEN NEW SLOW BLEED LOWS TO $14BCASH really took a nosedive since its all time high around $4500 down almost 99%, and has yet to recover even slightly. The previous bull run where most coins went to new all time highs or at least close to their previous all time high, Bcash didnt even come close and any gains it had made in that last run was deleted in almost one single weekly candle, which proves that BCash investors cashed out of this at both tops. Only ones still holding now are small retail investors hoping to get rich or thinking that this coin actually has a future,it doesn't. BCash died a long time ago. Interest is dying in this coin, and the 51% attack it suffered a couple years ago really put a damper on this coin and the rally that followed during the latest bull run was lackluster to say the least. Indicators on the short term time frame are showing some bullishness but longer term indicators bi-weekly and monthly are still bearish and at best this next run BCash will make one more dead cat bounce before its slow bleed out over the next few years down to double and even single digit lows. Also the creator of this coin Roger Ver is a felon for one and his most recent actions involving Coinflex was a shltbag move to say the least. He literally almost bankrupt the company because he failed to cover his $45 million dollar margin call that he promised he would. Dumbass made a bad trade and now doesnt want to own up to it. The exchange needed to raise money from other investors to be able to continue its operations. There is currently a lawsuit against Ver for this. Hes a crook just like Do Kwon and BCash will suffer the same fate as Luna. Take profits or forever hold your peace! This is not trading or financial advice this is just my opinions and speculations.
bch usdt long👌bch Usdt
🌹Smart capital management
✔️E1: red line 1%
✔️E2: red line 1.5%
✔️E3: red line 3.5%
✅Tp short term : green line color
✅Tp short term : blue line color
Leverage 3
🔵up:380
🔵down :83
🔴Amount: min
short term
🟢Order difference : 0.05%
🟢Order sell: 0.2%
mid term
🟢Order difference : 0.2%
🟢Order sell: 1%
❗Open only with bot scm
BCH BULLISH BREAKOUTBCH LONG TRADE SETUP
Reasons:
- Quadruple Bullish divergence on the MacD implying seller exhaustion.
- Breakout of Bullish falling wedge.
- Bullish bat completion with the price hitting 0.886 retracement level.
- From high to low, the price hasn't retraced the minimum Fibonacci levels. The third trade target is the 0.382 level from low to high.
BCHUSD ❕ bearish flagBitcoin Cash recently broke the upward trend line down.
BCH has sufficiently corrected on the declining volumes after the fall.
With the current move, the asset is forming a trend continuation pattern.
Price is testing 50EMA as resistance (1H TF)
I will expect the continuation of the fall after the price fixes under the support.
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BCHUSDT
Here we see R2 and R1 as the resistance areas which express the disability of the price in order to rise. And S1 and S2 are the support areas that contain the support of price at several points. Presently, we have the price fluctuating over S1 and we predict a decline will happen for it down to S2 (as its past trend). Here we must wait for some confirmation candles and then we expect a rise is going to happen toward R1. If the price moves above this line, more increase is there for it. Note that it is suggested to activate the stop-loss points in order to have less risky trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BCH - AnalysisBCH continued its range trend during the last week. The price is still in the short-term ascending channel. In the 4-hour time frame for this currency, resistance is considered in the range of 120-122 dollars, which is expected to be accompanied by a reaction after hitting it. But since the short-term trend is upward, there is a possibility of breaking this resistance and moving towards the resistance of the ceiling of the ascending channel.
In this case, the second target is in the range of 127 to 132 dollars. But if the buyers fail to push the price above the $121 resistance area, there is a possibility of breaking the channel floor support and the $110 area support. The following supports that we can consider for this currency are in the range of 94 to 101 dollars. We can also consider a dynamic resistance on the chart, which is exactly in the resistance range of 120 to 121 dollars. Therefore, this resistance is the turning point for the continuation of the trend.
Bitcoin Cash - Red Alert!I posted a chart on Bitcoin Cash a few days ago, you can check it on my profile and follow me for further updates. Here I present the line chart with a bull pennant type structure on RSI (Relevant Strength Index) and a symmetrical triangle on the candlestick chart. Most people would have this triangular shape down as an inverse bullish pennant, signalling a continuation to the downside, however, I see a symmetrical triangle and these structures can be both bearish and bullish. Because of the RSI showing a bullish pennant, my thoughts are that RSI will go up, which in turn would mean price goes up. You can see XRP already leading the way in the altcoin market and generally XRP leads the altcoin market into a bull run. There is also a good chance Bitcoin has topped in this cycle, so it wouldn't suprise me to see some of the funds in bitcoin swap back over to bitcoin cash, which has not completed a full cycle yet.