BchHit my first support are of 661
If we lost that 650 should be monster support ! Loosing that would be a pretty good short postion
BCHUSD.P trade ideas
BCH Starts it C LegWith the second leg just starting the last ATH is a given & $4k is a conservative target. Potential is there to reach as high as $12k but I'll be taking profits at 4k & be happy with 8x with no stress :)
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BCH wants 900Bcash or trash gearing up here.
Possibly 30% gain on this in short term then a dump to 0.01.
Good luck and God speed.
BchTarget 737 but seems we are in a rising channel upper resistance 676-682… lower support 643 low. 650 would be absolutely insane to hold if we were to lose momentum here and fall while still mainting this channel
BCH - What happens next? Hi, this is my new update for BCH. In the last 3 weeks BCH has risen around 70%, but now we have broken the resistance 650$, SMA100 and SMA200. If we close todays candle above 650$, then we are good to go and the next target is 710-720$. We have 3 resistances between 720-840$, but once we break all of them, then we have a big gap to fill it up between 860-1050$ (Easy gains). Compared to the total market cap, BCH must be around 900$, but unfortunately BCH is always lagging behind. So be patient and don't panic ;)
be ready for at least 80% profits 🚀right now possibly we may correct shortly but nothing to worry about.
1- the price returns back to close above EMA 50.
2- the candle body is getting bigger each week. (momentum increasing)
3- as soon as BTC is showing strength for goin up, it gives good indicator for seeing higher highs n lower lows.
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Pair: BCH/USDT
✅ BUY: 570 - 650 ✅
🎯 Targets:-
1- $700
2- $805
3- $975
4- $1200
5- $1420
6- $1640
STOP LOSS: $530
$BCH and $680While $BCH has done a 180 in terms of price action off the bottom, we still need to crack the $680 level and flip that resistance into support. If we can do so, we see four figures again in short order. I still personally believe that before this Bull Run is over it will match, and even exceed, its 201 top. :o)
BCH in the support zone for a break out Bitcoin cash in the support zone currently for a break out. Watch out for support around 700+ dollars. We the 10 day ema is crossing over the 20 along with the 50 and the 100 is near too. Previous following trend line shows support for upwards to 1,000+ with a few pull backs along the way I'm sure. The long "W" formation is closing to breaking the retrace should be some some really nice gains if we can see support above 700+. Keep your eyes peeled.
Bch Hit my targeted sell location. I took profits here and I will waiti and see how things react from here. If I need to re enter wirh daily closes above I will but for now I will be patient and wait for old resiatnce to be tested. Could be 580 or 540s not sure yet
BCH: It Pays to Get in EarlyI entered BCH with a 527.54 preliminary as the VSA consolidation range began to check out. Since then I've clocked over 15% gains and I feel we're just the beginning. It pays to get in early. So I wanted to upload the original chart to TradingView and share the wealth with a new set of Fibonacci target levels. Good luck and safe trading to everyone.
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A fifth impulse wave... A fifth impulse wave could bring us back to $612. I expect this ascending channel to ultimately break to the downside. Not trading advice.
Bitcoin Cash - Recalibrating the projectionJust a recalibration of the BCH chart now that the bottom is in and we can see a more defined path to the market peak.
BchAlthough I was starting to feel bearish we still have been holding support as bTC got a small bounce to retest 39,200 just keep in mind Bch needs a daily close above 543.78
BchUnfortuently we could manage to hold 546 as new support. That was my biggest area that would allow me to consider rippin to 700$ again. With our triple top here on smaller timeframes and loss of 546 it’s not looking like we will be headed there any time soon. Holding this 518-517$ could be of interest to me if we get a wick or consildation there. And as low as 507-512 as another area. Which still could be looked at as a bullish back test. For now as Btc corrects finding it’s bottom, bch will mostlikely be going sideways and down until Btc finds its grounds.
I have no open positions anymore and was stopped out with the loss of 550s
BCH ! Immensely Bullish ! Massive Gains are incoming BCH shows a perfect example of Wyckoff prime cycle .
People are ignoring coins like BCH for underperforming for the most part but majority are forgetting that the market cycle is at its near end and coins like these are the ones which really shine during the last rally of every market cycle.
BCH had started to show bullish intent from the beginning of 2021.
According to Wyckoff Cycle ,BCH has done its accumulation and now it is making its way higher and higher which is quite evident from previous April-May rally .
Using the rally prior to BTC capitulation in 2018, placing the 0.236 on it and using the bear market bottom,4.236 extension reaches to 10.6k .
In 2017 bull run,BCH had a similar correction before its major leg up.
In 2021 BCH is similar quite to its 2017 setup .
In case BCH reaches out to its full fib extension using the top and bottom on 2017 market cycle,it could possibly extend to 18k but that is only possible if 10k is breached and even 10k looks very far from current levels.
But it would better align itself with the 2018 bear market drop which was a whopping 98% and if prices fall from 4.236 to the 500usd reigon it would be a 97% drop.
500usd region could be a possible bottom in the next bear market based off the current structure that BCH is following
#NFA
BCHUSD 8/1/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Technical Analysis
Elliot Wave
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
