Bitcoin Cash BCH Big Blocks vs LitecoinBitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.
The long term trend is negative, which leads me to conclude that it will be negative in the future also. On the near term I would suggest that BCH-LTC may reach a bottom and conduct a reversal rally into resistance levels so on the chart
BCHUSD trade ideas
BCHUSD Is Pointing Higher Within A Bullish ImpulseBitcoin Cash with ticker BCHUSD is one of the first weaker ALTcoins with a massive recovery away from the lows. In the 4-hour, we are tracking wave 4 correction after a completed an extended wave 3. It's bouncing sharply and strongly from projected support after a three-wave (A)-(B)-(C) corrective setback in wave 4. So, seems like wave 5 is now underway that can send the price up to 350 – 400 area.
RISKY SCALPThe information I share on this platform is based on my personal opinion and experience, and should not be considered as financial advice. You are responsible for your own investment decisions and should always do your own research before making any trades. I do not guarantee the accuracy or validity of any data or analysis I provide. Please use your own judgement and caution when following any call or signal I post. #imo
NOTE:
25% PROFITS AT EVERRY FIBONACCI RETRACEMENT LEVEL.
USE ISOLATED (FOR CRYPTO EXCHANGE)
USE CAPITAL RATIO (5 - 10 % OF YOUR CAPITAL)
DONT FOMO (FEAR OF MISSING OUT)
If you want to trade crypto successfully, you need to follow some basic rules. One of them is to use isolated margin for your trades. This means that you only risk a fixed amount of your capital for each trade, and you don't borrow more than you can afford to lose. This way, you can avoid liquidation and protect your account balance.
Another rule is to trust the process. Trading is not a get-rich-quick scheme, but a long-term game that requires patience and discipline. You need to have a trading plan and stick to it, regardless of the market fluctuations. Don't let your emotions get the best of you and don't chase unrealistic profits.
A third rule is to use capital ratio for your trades. This means that you divide your capital by 10 and use only one-tenth of it for each trade. This will help you diversify your portfolio and reduce your risk exposure. You can also adjust your position size according to the market conditions and your risk appetite.
Finally, a fourth rule is to avoid FOMO (fear of missing out). This is a common psychological trap that makes traders enter or exit trades based on hype or panic, rather than logic or analysis. FOMO can lead to overtrading, poor decision making, and unnecessary losses. You need to be confident in your own strategy and not follow the crowd blindly.
By following these four rules, you can improve your chances of success in crypto trading and enjoy the benefits of capital ratio.
BCHUSD-BUY strategyPersonally am not in favor of these asset classes. Reason simple, BCHUSD started arou8n $ 4,800 and collapsed, and then from around $ 200 it moved towards $ 1,800 snf then back down again $ 100 area, and now near $ 300 etc.
You need very deep pockets to trade these no doubt.
Technically, we corrected a little bit (not a lot) from $ 300 area to low $ 270. The 4-hourly seems basing, and we may see another run upwards to $ 310 I feel.
Strategy is BUY @ $ 275 and take profit @ $ 300 for now. Stop-loss below $ 260 I think
BCH may be the only other "NON SECURITY" according to the SECThis could have a big narrative in the future, if regulation proceeds as it has been, with everything other than Bitcoin being a security, then BCH could replace ETH.
This chart looks bottomed... double bottom in place, historical low trading range, worth a shot IMO. I bought some.
Stop loss is pretty easy to have here, if we start making new lows then just exit.
BCH faces a resistance at the $300 levelDespite the recent surge, BCH has struggled to consolidate its gains above the crucial $300 level. This resistance poses a significant threat, as it suggests a lack of confidence and buying pressure to sustain BCH's upward momentum. If the support is not solidified soon, a retracement to lower levels becomes increasingly likely.
We called $MKR $BCH and #DEFI ($COMP)This is personal trading & not for our fund.
ASX:MKR was in the low 600's when we spoke about how good it looked, It is now up 50%.
If you had opportunity to buy on that dip, it would be closing in on a 2x return, NICE.
#DEFI was aa sector we spoke about a few times as having good opportunity. Since then, NYSE:COMP is up 2x+!
Spoke about NYSE:BCH in mid/late May and it was around $110. This currently stands at a 3x return!!!
#crypto #Altcoin
BCHUSD (4H) - Bullish wave We2Hi Traders
BCHUSD (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 308.8 after the market found support at 267.0. Only the downward break of 267.0 would cancel the bullish scenario.
Trade details
Entry: 308.8
Stop loss: 267.0
Take profit 1: 367.2
Take profit 2: 429.3
Score: 8
Strategy: Bullish wave We2
BCHUSD-SELL strategyWell it's rare, but what a move from $ 100 area to reach $ 340 is in my book a little too rich. yes, read about the Koreans high volume that started with the EDX on the 21st June 2023.
Just look at TULIP trade, and that paints a real story as well, if one likes history.
From technical perspective 4-hourly has potential for re-visit of $ 340 area, but am not going long for something that triples in value just over some weeks. Very speculative move indeed, so instead:
Strategy SELL around $ 320-330 when seen and take profit at a modest $ 245. Stops am not sure in such lofty heights.
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
BCHUSD hit the MA200 (1w) after 1.5 year. Major bullish sign.BCHUSD hit today the MA200 (1w) for the first time since the week of January 3rd 2022.
This represents so far a massive +200% rise in the last 2 weeks.
The RSI (1w) is deep inside the overbought zone but so it was in January 2021 during a rally similar to today's.
Trading Plan:
1. Buy after the first red (1w) candle.
Targets:
1. 735.00 (Resistance 2).
Tips:
1. You may target Resistance 1 (392.50) initially if you don't want to commit much on the long term and buy for the higher target after the MA50 (1d) is tested and holds.
Please like, follow and comment!!
✴️ Bitcoin Cash | End Of Consolidation Phase = New Bull MarketThis is only the beginning. In purple we have here what we will call a consolidation phase. We have two different types of consolidation with both following the exact same pattern.
As Bitcoin Cash moves to print a multi-year long low in December 2018, trading volume is really low.
The bottom low is set and a consolidation phase starts.
When the consolidation phase is over, a new bull-market develops, volumes rises and becomes strong.
Fast forward four years into the future, Bitcoin Cash produces a multi-year long bottom low yet still a higher low compared to December 2018. This low came in November 2022.
We have a bullish breakout and the consolidation phase comes to an end, this is marked by the highest volume in a year and a very strong RSI. This will lead to a new bull-market. This is only the beginning.
We should expect years of growth as we saw after the December 2018 low.
Then prices will peak which will produce a new bear market and a new multi-year long bottom low, consolidation and the cycle repeats.
We had a V shaped consolidation in 2018.
We have and long drawn out consolidation in 2022, perfect according to the law of alternation.
Just so you know, this is only the beginning of years of growth.
Namaste.