How high will BCH goNext fib extension is ~1900. If btc dips or starts to trend downwards it may dip back to the red trend line
BCHUSD.P trade ideas
Bitcoin Cash (BCH) HIT PROFIT!!! How to Trade Risk Free & Predi Quick update on BCH guys. we are in profit and hit our first target!
Once again teaching you to place trades into breakeven and use trailing stops. Also consider extracting principle capital to allow for lower exposure as soon as possible as well.
GOOD LUCK GUYS!
BCH long term bearish. Target sub-$600.Short term, BCH will likely retest the 0.618 retracement area before grinding higher. Long term fundamentals remain terrible and will be shorted to the ground.
Japanese blockchain enthusiasts have abandoned BCH in favor of BTC, LTC and ETH. We will likely see BCH trade sub-$600 very soon.
The broadening ascending wedge is also a bearish technical pattern.
Bch1500 is the resistance I’ve talked about for BCh for a while now. We came very close. If we break if, get an hourly close above we have another move. Potentially coming. Next move 2k. This should trigger some insane FOMO from haters of BcH. I’m expecting resiatnce as 1800
We could chop here a while. We will see how it goes 1330 1276 and 1225 are supports below based off recent resiatnce prior . 1276 has been working the best so far if it decided to contiue this chop
Bitcoin Cash is ready to go higherBitcoin Cash is ready to go higher due to the fact that price bounced from new resistance level and probably can fall to support zone, price can test it and make new uptrend after.
Bitcoin Cash was in uptrend and found new resistance (1450.00)Price pulled back after that and now trading close to nearest support (1280.00). I'm waiting that price can test this level and start growing again. If this will happen, we will have good chance to open new long position. Resistance (1450.00) can be our first target.
BCH - Bitcoin Cash up for a correction ?Our updated chart with key price levels:
Buy again at 1155 or 1045 (support levels)
Take some profits at 1343 (resistance)
If 1343 is breached and checked as support then buy again over 1350
Hope it helps,
the FXPROFESSOR
BchKeep you’re eyes on confirmed support hold above 1330 with the expextions of that recent wick at 1355 as areas of confluence. Lower supports at 1248 and 1225
BCH Could hit ATH this yearI know some people are starting to turn bearish on BCH, however I am still bullish long term. The MACD has plenty of room to run up, and BCH is in a nice little parabolic path. The first line of resistance is around $1200. If this gets broken through, there is more resistance at around $1770. Next, we need to break through around $3000. After this, I believe we could definitely hit a new ATH. I'm not saying this is super likely, but I for one am planning on holding BCH for a while. Let me know what you think, thank you!
BCH Path to $4kIt looks like we are in the 2nd Elliot wave cycle for BCH and we have a path to $4k, it looks pretty straightforward to me and hits resistance levels at the 618 Fib levels which match previously resistance levels. Overall I dont see anything hold BCH back.
Note financial advice...
BchShould find support from 1150-1242 resistance at this time. On smaller time frames support is 1188 so a break below and close below that could come lower but if we rip an hold above 1242 we can move up for sure My next target is 1500 roughly. Could swing a little higher but using ohycological even numbers. 1100 is also supposed to be strong support below if we happen to correct. I’m looking more for sideways action from here befor further move up
So far going long at 1075 last night was the perfect move but I’m looking towards 1500 before I consider closing some profits
