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BCHUSD trade ideas

$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
Bitcoin Cash / BCH - A Dark Horse During Crypto MeltdownAfter that whole BCH Satoshi's Vision debacle, there is no longer any primordial Bitcoin remaining. BCH was once something to put some stock in, as it really did embody the original meaning of "Peer-to-Peer Electronic Cash" as defined in the original whitepaper. But like all things in this chaotic world, it was ruined and undermined. Fundamentally, the problem is people's hearts and people's morality. Nobody made the entire community go along with ghosts. People chose to do that, rather than uphold what is righteous, because inside, they aren't good, and they align with evil. The same can be said for the recent commencement of censorship on the Ethereum protocol. You all want to be a part of globalism, aka communism, and so one will have to eat the bitter fruit they sow for themselves come harvest. You shouldn't have faith in digital currencies, because they're all set to be eliminated. Whether mankind returns to tradition in this life and real money returns or not, the reality is, central bank digital currencies are on their way, and they won't be built using BTC or Ethereum. They will be proprietary, government-controlled networks, just like SWIFT. Regardless, BCH trades like wet paper towel, because after being gutted, it's just another trashcoin. Except it's a trashcoin that never pump and dumps. It's slow, heavy, dull, clumsy. While Ethereum is running wild, BCH is there, well, sideways. If you hold your breath for a few days you can make 5%, sometimes. But notable is that BCH opened 2022 around $430.55 and spent two days above the opening price before cratering completely, and all these months of bear market, BCH hasn't printed a single bull trap/bear wrecker wick upwards. Frankly, I think there's a high probability that BCH just turns around and dies back towards the all time lows of $73. In the end, BCH will trade for like $6, and that day isn't very far away. But before we go on a suicide mission to sub-$50 and then sub-$10, the market makers will need to sell some bags at very high prices to people who think numbers like $1,400 and $4,000 will ever return to this thing that was created simply so the Chinese Communist Party-linked mining networks could print something out of thin air that would be useful for laundering USD fiat through South Korea's exchanges. At present, what I see is that the BCHBTC pair made an all time low in July, bounced, broke a June high, and has since shown some strength and consolidation instead of acting like it wants to head for even lower prices. In terms of BCHBTC, there is unfinished business way up at a 400% run over 0.02, but a more realistic gundown target composed of the November and December 0.01~ double top. I would expect that if the BCHBTC pair goes on a 2x or a 4x run, it'll happen while BTC is on its way to $15,000, a call I made in July that has proven rather accurate so far: Bitcoin - An Unimpressive Climax And while Ethereum is headed back to three digits, all of which I expect to happen, and quickly, in the next week: Ethereum - The Hard Reality Thusly, although I would really like to see BCH make a mess of things and go for a run at $400, the multiplication on what the BCHBTC pair can do and the price of BTC means that BCH is likely to have a far more impotent run North, which actually makes a lot of sense, considering what a ball and chain this thing trades like. Anyways, I suspect that BCH will dump more in terms of USD, into the $105 range and set up a bear trap. It may even wick $99 or $98 again, but if it's going to be bullish, it should not break the July lows. Don't get caught in the trap, and stop putting your faith in crypto. If you want to find out what will happen to crypto exchanges in the future, acquaint yourself with what happened to Full Tilt Poker and Pokerstars in 2011. The Federal Reserve's FOMC minutes have addressed "stablecoins" more than once. This industry is on the government's radar, and enforcement is coming very, very soon, because proper CBDCs need to be ushered in.
COINBASE:BCHUSD
by LordWrymouth
BCH/USD Secondary trend The important area Simple rules for workThe graph is logarithmic. This is a secondary trend. That is the fall of the price since May 19, 2021, from the pumping of +666%. The trend is a pronounced downtrend in spite of the significant local pumping of +50-80% within the downtrend. At the moment the price is in a local consolidation near the area where the trend reversal started last year. Coinmarket Coin: Bitcoin Cash I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The main trend of this cryptocurrency. BCH/USD Main trend. Breakdown of the channel. The important zone. Simple rules of conduct in the market, which will help to multiply money, and for someone just to save: 1) Do not enter the market early. Wait for a good entry point with a higher probability of developing the trend direction you want. A trader should watch 70% of the time, 20% of the time buy, 10% of the time sell. Small market participants (those who lose money) tend to always only buy (their eternal dilemma, regardless of the phase of the market: "what to buy to become a millionaire fast")... Be patient, think rationally, not emotionally. Your entry point should have a good risk/profit ratio, at least 1:3. 2) Enter the market in installments of your allotted amount of money on a particular coin, or limit your risk if in doubt (but the question is, why enter if in doubt?). But even if in doubt, enter in installments (this applies to those who are just starting to trade). 3) Always protect your profits with a trivial stop-loss on its protection, or at least a partial fixing of profits at important levels of resistance (long) support (short). 4) Margin should not be too large, and it is better not to use margin trading at all and work only on the spot. Only those who work in the spot have a significant deposit, and this is a fact))) 5) When working in margin trading long / short, always use a stop loss unconditionally. If you have a big loss due to knocked out stops on margin, it's worth considering, maybe it's still more rational to work on the spot. Although, perhaps in this case it's not about trading on margin, but about the kind of trader you are (lack of experience, lack of knowledge, problems with the psychology of behavior in the market, the desire to "make quick money"...). The foundation of your trading is your trading strategy and risk management based on your experience. Don't try to guess what you don't understand. Do not inherit the majority of participants – kamikaze market. Try to evolve and work by gaining relevant experience in what you didn't initially understand. Slowly but surely day by day become better than yesterday, leaving the “experts” and anonymous “I know exactly” screamers behind in the market millstones.
COINBASE:BCHUSD
by SpartaBTC
3
BCH/USD Main trend. Breakdown of the channel. The important zoneMain Trend. Always, than to trade locally on the working timeframe 1h-1d always need to understand where the price is in the main trend and what to expect in the near future with the price with a high degree of probability. Coinmarket Coin: Bitcoin Cash The previous upward channel (uptrend) was broken by the price. At the moment, the price is near an important support zone (highlighted in gray). In this zone after the 2018 reset, the entire 2019-2020 year has been gaining major positions, this zone and served as a launching pad for pumping 2021 by more than +600% (+666%). I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The secondary trend of this cryptocurrency. BCH/USD Secondary trend. The important zone. Simple rules for work. The price rises for a long time, but vertically falls quickly. Always protect your profits and don't wait for super targets, work in the trend. Difficult %. Have restraint, curb your greed and the rush of “no time”. If you're not sure - watch from the sidelines until there is confidence in a more likely price movement from which you can benefit.
COINBASE:BCHUSD
by SpartaBTC
16