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BCHUSD trade ideas

BTC Step-brother may be bear market proofThe black sheep of the family, BCH, the forgotten child of the 2017 frenzy hard fork. Its actually an interesting project and already has a nice set-up of merchants in North Queensland and some places in the caribbean. I think this coupled with the fact it has enough supporters that believe it the project and are willing to buy the dips. I have to admit that the BCHBTC graph is quite ugly and may suggest that simply buying BTC is the best play but possibly buying BCHUSD inside the highlighted channel could see a nice return over the coming years. If you believe the tinfoil hat brigade on reddit then there is a chance that exchnages are causing a lot of selling pressure on BCH. Its also important to remember that BTC and the Bitcoin forks don't have CEO or angel investors looking for profit taking spots, so unlike a lot of crypto projects you wont get dumped on during a brutal bear market. As always i dont really have a clue and i'm just a dude who likes drawing lines on weekly charts. Not financial advice, so its not.
COINBASE:BCHUSD
by BringTheFingerBack
BCASH DEAD CAT BOUNCE INCOMING THEN NEW SLOW BLEED LOWS TO $14BCASH really took a nosedive since its all time high around $4500 down almost 99%, and has yet to recover even slightly. The previous bull run where most coins went to new all time highs or at least close to their previous all time high, Bcash didnt even come close and any gains it had made in that last run was deleted in almost one single weekly candle, which proves that BCash investors cashed out of this at both tops. Only ones still holding now are small retail investors hoping to get rich or thinking that this coin actually has a future,it doesn't. BCash died a long time ago. Interest is dying in this coin, and the 51% attack it suffered a couple years ago really put a damper on this coin and the rally that followed during the latest bull run was lackluster to say the least. Indicators on the short term time frame are showing some bullishness but longer term indicators bi-weekly and monthly are still bearish and at best this next run BCash will make one more dead cat bounce before its slow bleed out over the next few years down to double and even single digit lows. Also the creator of this coin Roger Ver is a felon for one and his most recent actions involving Coinflex was a shltbag move to say the least. He literally almost bankrupt the company because he failed to cover his $45 million dollar margin call that he promised he would. Dumbass made a bad trade and now doesnt want to own up to it. The exchange needed to raise money from other investors to be able to continue its operations. There is currently a lawsuit against Ver for this. Hes a crook just like Do Kwon and BCash will suffer the same fate as Luna. Take profits or forever hold your peace! This is not trading or financial advice this is just my opinions and speculations.
KRAKEN:BCHUSDShort
by Bitgolder
BCH Looking Really Weak! Long Term Dead Cat Bounce!The BCH chart is looking really weak. Failed to even get to its prior high while much of the altcoin market has either reached or exceeded their prior all time high and are now forming supports for their next leg up. BCH has been a real laggard in this run and I feel like support is dropping and hodlers are selling by the looks of the chart. Don't wait for this coin to hit 1 dollar, just dump it and move on to the real thing or other better options. Good luck.
KRAKEN:BCHUSDShort
by Bitgolder
28
Bitcoin Cash (BCHUSD): Consolidation & Indecision Very peculiar situation on Bitcoin Cash: the price is currently consolidating within a horizontal trading range. 122 - 125 is its resistance. 106 - 109 is its support. To catch a bearish continuation, wait for a bearish breakout of the support of the range. We need a daily candle close below that to confirm the breakout. A bearish continuation will be expected to 97 level then. To catch a bullish move, we need a daily candle close above the resistance of the range. Then, a bullish continuation will be expected to 134. Wait for a breakout and then follow the market. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
COINBASE:BCHUSDShort
by VasilyTrader
5
crypto usually dips 7-10pm est patternI'm not sure what the reasoning is behind this, but I noticed a pattern that crypto usually dips 7-10pm est. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
COINBASE:BCHUSD
by Options360
8
$BCH Looking To OUTPERFORM It's Peers- Bulls? WYA?+Just a update on BCH, We did have a nice move up and attempted to brute force that KEY area, but the Bears weren't having it and we took a shot down... Although, BCH is about to VALIDATE that last low and really start to dig its feet in and start pushing possibly. Both Indicators are showing at Hidden Bullish Divergence at the pattern completion zone @ the 886, This is textbook and from strictly technical analysis, this following the same parameters in recent history before a next leg up... Pushing past that Supply Line will let this thing RIP
BLong
by BShellhammer