Descending TriangleAll triangles are neutral until a trendline is broken.
2nd Descending triangle down here.
The other on broke to the upside.
Bottoms inside triangles denoted with blue stars.
No recommendation
BCHUSD.P trade ideas
Bitcoin Cash Opportunity BCHUSD An opportunity showing BCH with comparable double bottom points in extreme bear points
The first double bottom leading to an up move was preceded by a gap, this may have some influence on the move.
Regardless at this level BCH is undervalued and a good to hodl asset heading into the digital future
BCH/USD Secondary trend The important area Simple rules for workThe graph is logarithmic. This is a secondary trend. That is the fall of the price since May 19, 2021, from the pumping of +666%. The trend is a pronounced downtrend in spite of the significant local pumping of +50-80% within the downtrend.
At the moment the price is in a local consolidation near the area where the trend reversal started last year.
Coinmarket Coin: Bitcoin Cash
I used a marker on the chart to show options for the logical start of the price movement (direction).
Positive.
If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up.
Negative.
A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets).
Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean.
The main trend of this cryptocurrency.
BCH/USD Main trend. Breakdown of the channel. The important zone.
Simple rules of conduct in the market, which will help to multiply money, and for someone just to save:
1) Do not enter the market early. Wait for a good entry point with a higher probability of developing the trend direction you want.
A trader should watch 70% of the time, 20% of the time buy, 10% of the time sell. Small market participants (those who lose money) tend to always only buy (their eternal dilemma, regardless of the phase of the market: "what to buy to become a millionaire fast")... Be patient, think rationally, not emotionally. Your entry point should have a good risk/profit ratio, at least 1:3.
2) Enter the market in installments of your allotted amount of money on a particular coin, or limit your risk if in doubt (but the question is, why enter if in doubt?). But even if in doubt, enter in installments (this applies to those who are just starting to trade).
3) Always protect your profits with a trivial stop-loss on its protection, or at least a partial fixing of profits at important levels of resistance (long) support (short).
4) Margin should not be too large, and it is better not to use margin trading at all and work only on the spot. Only those who work in the spot have a significant deposit, and this is a fact)))
5) When working in margin trading long / short, always use a stop loss unconditionally.
If you have a big loss due to knocked out stops on margin, it's worth considering, maybe it's still more rational to work on the spot. Although, perhaps in this case it's not about trading on margin, but about the kind of trader you are (lack of experience, lack of knowledge, problems with the psychology of behavior in the market, the desire to "make quick money"...).
The foundation of your trading is your trading strategy and risk management based on your experience. Don't try to guess what you don't understand. Do not inherit the majority of participants – kamikaze market. Try to evolve and work by gaining relevant experience in what you didn't initially understand. Slowly but surely day by day become better than yesterday, leaving the “experts” and anonymous “I know exactly” screamers behind in the market millstones.
BCH/USD Main trend. Breakdown of the channel. The important zoneMain Trend. Always, than to trade locally on the working timeframe 1h-1d always need to understand where the price is in the main trend and what to expect in the near future with the price with a high degree of probability.
Coinmarket Coin: Bitcoin Cash
The previous upward channel (uptrend) was broken by the price. At the moment, the price is near an important support zone (highlighted in gray). In this zone after the 2018 reset, the entire 2019-2020 year has been gaining major positions, this zone and served as a launching pad for pumping 2021 by more than +600% (+666%).
I used a marker on the chart to show options for the logical start of the price movement (direction).
Positive.
If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up.
Negative.
A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets).
Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean.
The secondary trend of this cryptocurrency.
BCH/USD Secondary trend. The important zone. Simple rules for work.
The price rises for a long time, but vertically falls quickly. Always protect your profits and don't wait for super targets, work in the trend. Difficult %. Have restraint, curb your greed and the rush of “no time”. If you're not sure - watch from the sidelines until there is confidence in a more likely price movement from which you can benefit.
BCHUSDT 4H: Possible SHORT#BCHUSDT The market has the potential for an downtrend to 95$
First target 104$
SL 133$
keep an eye on BCHUSDT SHORT15 m show that can be downtrend will be continue and first target will be 120 and 100
join now
for updates
🚀 Bitcoin Cash (BCHUSD): Triangle ④●● Preferred count
● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 1D
Fig.1
The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 . Subwaves (A) , (B) and (C) have been completed within the triangle, an ascending zigzag is expected within wave (D) .
At the end of the triangle ④ , a trading setup will open in a long-term long position.
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● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 8h
Fig.2
The first wave within the uptrend, marked ⓘ , took the form of a zigzag . This zigzag may be the first wave within the leading diagonal A of (D) . I recommend waiting until the diagonal is fully formed, and then join the buyers at the end of the subsequent correction B .
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● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 30min.
Fig.3
Variant of counting waves within a thirty-minute chart.
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●● Alternative count
● Bitcoin Cash / U.S. Dollar (Coinbase),🕐TF: 2D
Fig.4
The alternative is a bearish triangle (X) . In general, the count is consistent with the main scenario up to the top of the triangle (X) , but it is worth remembering: in about 60% of cases, wave " B " of the narrowing triangle ends behind the beginning of wave A .
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BCH (1DAY)you can open long position with money management and and take stop loss for exit this position
BCHUSD going for the 3rd attempt to break above the 1D MA100Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. Even though the coin is still not outside of this long-term bearish trend, on the short-term the price is attempting to establish a respectable bullish move as it is going to make the third attempt to break above the 1D MA100 (green trend-line) within a 1 month time-frame. This trend-line has been intact since April 26.
If that breaks, it will issue the first signal that we may finally see a bullish break-out above the Lower Highs, as the 1D MACD will make a Bullish Cross. The immediate Resistance level if a break-out takes place, will be the 1D MA200 (orange trend-line), which is right above it but mostly the 1W MA50 (red trend-line). Above the Resistance (previous Lower High) of 395.50, Bitcoin Cash officially enters a new long-term parabolic rally.
Note that what gives more chances to the upside right now is the fact that the 1W RSI is above its MA. If the MA holds as a Support, it will further boost the bullish potential.
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BCH Setting up for a bull squeezeBCH Setting up for a squeeze to the upside to grab liquidity of the shorts.
BCH short- term viewIn the long term, there is huge growing potential for BCH, but in the short term, we may still continue the Downtrend a little more
BCHUSD / BTC - Bitcoin Bear RallyLook for sell opportunities as indicated.
After a steady upward climb, the bulls face strong resistance from the Bears.
BEAR RALLY EXPECTED
Absolute BottomIn my opinion it's as low as it goes, everything has bottomed out, and the oscillators are extremely oversold.
it's an amazing opportunity to get in BCH at the very bottom and the R&R ratio is perfect with huge profit potential.
double bottom, or dead?wild price swing the past 5 years. looks like its back to its old stomping ground. when this does run it will be fast to either the downside or upside... hard to call. yolo, no yolo????
150% [ $240 BCH ] In RouteBCH is looking for a 0.50FIB ($240) to meet the 200 EMA.
The 2019 fractal shows a similar pattern formation, and hopefully BCH will hit its 0.50FIB for a nice 150% Return.
GL Traders.
Approaching Resistance BCH 12hr chartTrade setup: There are signs of trend reversal. Support at $100 has held up so far and the price broke through the down trendline. Was rejected at $150 where it encountered stiff resistance and profit taking by traders. (set a price alert)
Trend: Uptrend on Short-Term basis, Neutral on 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). MACD Histogram bars are declining, which suggests that momentum is weakening.
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $100. The nearest Resistance Zone is $150, then $200.
Bitcoin Cash: Bullish 4H ChartWe believe the Federal Reserve began a brief and powerful altcoin season with the recent FOMC meeting on Wednesday (7/27). As a result, we expect altcoins to perform well until the next FOMC meeting on September 20th.
Bitcoin Cash is currently hitting fractal support, and the MACD + Awesome Oscillator look bullish. We're looking to capture a move to $193.
Sneaky inverted head and shoulders on dailystill currently in bearish mode set up, as I see a min retest of 137... Potential bull flag could fail and set up the inverted and head shoulders play here.
BCH double bottom on Monthly timeframeTo call this a "Double bottom" is a bit silly but there it is, the opportinity here is obvious as in other cryptos, but BCH is one of my 4 main bets after eth shib and dot.
Yea its crap when it dumps, but holy cow do you want to have it when it pumps. 😏
10 % dump looks possible retest of b leg a/d crossing down via major moving avg and retest of the b leg of this pattern
