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BCH Perpetual Futures ContractBCH Perpetual Futures ContractBCH Perpetual Futures Contract

BCH Perpetual Futures Contract

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BCHUSD.P trade ideas

Bitcoin Cash (BCH) - Bullish divergenceOn the above 1-day chart price action has corrected almost 80% since the highs in May @ $1620. A number of reasons now exist to be bullish, including: 1) Price action prints a ‘incredible buy’ signal following a breakout of price action resistance. 2) Price action bounced from the 0.618 golden ratio as measured from the 2020 March lows to the 2021 May highs. Wonderful. 3) The orange line at the golden ratio is fascinating and significant support and resistance, look left. All the way back to 2017 (below). When price action confirmed support a 10x move followed. Not saying that is going to happen again, but it highlights the significant of this level. Bulls will defend it until the end. 4) The 3-day BCH / BTC pair is printing a significant bullish divergence following a ‘incredible buy’ signal. 10 oscillators are currently printing bullish divergence. Don’t ignore that! Is it possible price action falls further? For sure. Is it probable? Very unlikely. Good luck! WW 2017 daily chart support / resistance 3-day BTC pair
COINBASE:BCHUSDLong
by without_worries
6
Gangster Plays...Many people in this space seem to think a lot of these old coins are dead and find them overall quite boring, This is one of the cryptos that's here to stay and is already being adopted as money in many countries that are not as privledged as the western world, Yes that's right step outside your little bubble and throw away your security blanket and you quickly realize this already has a utility...and guess what the people using it don't hear/care about the outside opinions - It's solving a real problem for them. When people are forced to opt out of the fiat money system and looking for a peer to peer electronic cash that's actual hard money there is only a select few in crypto that tick that box, Tribalism won't win long term in any network and we're heading into a future where multiple networks can thrive. Ok outside of the fundamental view above I think we have 1 more low to make here around low $300s~ area...can we go much lower? sure but if you're not using leverage and are a responsible functioning adult who has patience and can buy/hold spot it's a pretty easy game here. My strategy is to buy all the way down which if I end up terribly wrong I'll still have 2-3 more buys to average down, The only way I see myself losing here is BCH dies/goes to zero which I find very unlikely.
COINBASE:BCHUSDLong
by Swoop6
7
Bitcoin cash: the upside prevails as long 375.1 is support.The RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 377.1 and 372.4). Our preference: The upside prevails as long as 375.1 is support. Alternative scenario: Below 375.1, expect 365.3 and 359.5.
BITSTAMP:BCHUSDLong
by kepaFX
BCH - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BCH is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: BCH is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:BCHUSDLong
by TheSignalyst
11