Support broken, going to 100$Unfortunately, nobody is interested in BCH. As the support trend is broken we could potentially see new lows.
BCHUSD trade ideas
BCHUSD (1H) Bearish Wave We2Hi Traders
BCHUSD (1H Timeframe)
A high probability, entry signal to go SHORT will be given with the downward break of 122.10 after the market found resistance at 134.60. Only the upward break of 134.60 would cancel the bearish scenario.
Trade details
Entry: 122.10
Stop loss: 134.60
Take profit 1: 107.15
Take profit 2: 96.35
Score: 9
Strategy: Bearish Wave We2
BCHUSD ❕ no liquidity under the priceBCH is moving in a downward channel.
The next target is the 2019 ATL.
There is no liquidity under the price.
Main MAs on the 1D Timeframe are bearish.
I expect the price will continue to decline after it has fixed under the resistance level.
Is shorting the way to go forward for BCH tradersBitcoin Cash has been subjected to heavy sell-offs in the last six weeks post an up-channel (yellow) breakdown on 30 April. The price has been hovering near the lower band of the Bollinger Bands (BB) for the most part ever since.
A convincing close below the two-month trendline support (yellow, dashed) would open doorways for an extended retracement. Any close below the $148-zone would delay the bullish revival chances in the near term. At press time, BCH was trading at $151.9, down by 7.75%in the last 24 hours.
Given the aggregated fear sentiment, it has been relatively simple for BCH sellers to find fresher grounds to rest on. A reversal from the $362-zone in April chalked out a two-month trendline support on the daily timeframe.
Since then, the coin has been on a steady fall. The broader liquidations pulled BCH down to its 27-month low at the time of writing.
With BB’s lower and upper bands looking opposite ways, the bears would now strive to push for a high volatility phase in the coming days. As the trading volumes were in a decline phase, the trend was yet to take a compelling shape.
Any close below the 148-support would pull BCH for a further downside toward the $136-level. Post this, the bulls would likely aim to counter the selling pressure for its multi-yearly lows. A near-term bullish revival would likely be short-lived by the south-looking basis line of BB.
Adding to BCH shortI think we're setting up for the 50% crypto drop I started talking about while posting entry one for this.
BCH Retest NarrativeBCH Fractal shows bear market in the near future but also shows a tight triangle.
Will there be a potential retest to $70.00 (22,000% Gain)?
Or will BCH launch out of the Triangle from $168.00 (9700% GAIN).
Or will 2023 look more likely?
The ALTCOINS were missed, and there are 2 narratives to be played out.
Will ALTCOINS launch and decouple from BTC?
(*BTC shows signs of decoupling from NASDAQ)
LONG BCH!
Bitcoin Cash Vs US Dollar - Direction?
BCH If this yellow(chart) downtrend line is broken,(178.35 zone), the price will touch around 183.20.
~ FAnlysisTeam
Bitcoin Cash Adoption Continues to Swell WorldwideBitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai.
Bitcoin cash is also accepted at Burger King St. Kitts and the island’s Panda Supermarket accepts BCH. In St. Kitts, the crypto asset is further accepted at Sun Island Clothes, Karma Asian Cuisine, Econo Retail Shop, and Oracle Martial Arts Academy.
Merchants accepting bitcoin cash are prominent in a number of other regions worldwide including Anguilla, Antigua, Japan, Venezuela, Slovenia, Australia, Philippines, Vietnam, Ghana, Zimbabwe, Argentina, and more. Additionally, a good portion of the companies that take BCH for payments are accepting the digital currency directly, rather than using a third-party or payment processor.
BCHUSD ❕ important levelThe price is moving in downward channel.
Volatility declined.
The price is testing 200MA (1H TF)
I think that the price will test an upper boundary of the channel and fall after fixing under the boundary.
TS ❕ BCHUSD: accumulation zoneBCH is moving in the accumulation zone and the price is now near the support level. I expect an upward rebound.
BUY scenario: long to 211.75.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
BCH short I think the general crypto market is setting up for a break that will take everything down about 50% from where it is now. Positioning for this now.
#BCH long here looking to take this to all time highsThis is a long position on BCH i will take it back to all time highs so please enjoy the ride.
BCHUSD D1: 200% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
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BCHUSD D1: 200% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BCHUSD DAILY/candle chart review
::: HIGHER RISK SETUP USE TIGHT STOP LOSS
::: further losses short-term
::: expect BEARS to target 146/116 USD
::: however strong REVERSAL after correction
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later near 146/116 USD
::: BUY LOW near 146/116 USD using tight SL
::: currently correction in progress / no upside
::: dump until after FED (16th June)
::: for now stay out / wait for better entry price
::: up to 200% gains possible later
::: short-term pullback/correction
::: is possible / likely
::: however chart looks good for REVERSAL PLAY
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +200% gains
::: details: see chart
::: FINAL TP is +200%
::: recommended strategy: BUY/HOLD 146/116 USD
::: TP BULLS +200% gains final exit 465 USD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/STRONG REVERSAL
::: Sentiment short-term: CORRECTION/146/116 USD
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BCH BuyThere's so much overhead resistance that it's almost not even worth longing, but this is a great risk-to-reward buy opportunity if you're interested in BCH.
BCHUSD ❕ uptrendBitcoin cash is moving in an upward channel.
Volatility has increased.
The price broke through 50, 100 and 200MAs on the 30m Timeframe.
50MA have broken upward 100MA on the 30m Timeframe.
I expect that BCH may continue to rise to the resistance level if it fixes above the support level.
Buy BCH/USDSell position inBCH/USD this is great opportunite. If you agree withe my idea don t forget supporte me .like and subscription pls .
BCH will stay above 200$I think BCH will back to above $200 very soon. It will reach around $400 in the mid term and around $1,000 in the long term
BCH Full FIB 8000% Gains$14.2k - $16.7k is the target sell area.
The 18 BCH had a Blow Off Top that went beyond the FULL FIB 4.236.
Good Luck to all! ALTCOIN is about a month away.
BCH Short $477/$666Im willing to bet The Devil (The Feds) comes out with some good new around the $666 mark. There might be 2 weeks of market pumping before the parabolic rise.
Good Luck Traders. Lets see if this fractal plays out and history generally repeats itself.
BCH making symmetrical triangleHello my friends, today I want to talk with you about BCHusd.Price reached strong support level and pulled back.Price was in uptrend some time.I am waiting that BCH can continue growing and try reach resistance area to retest it.So be ready for such scenario.
PLZ TAKE PROFIT AND USE TIGHT STOP LOSS
THANX FOR YOUR SUPPORT
BCH Accumulation Idea (Long) (Buy)Disclaimer: I Am not a Certified Financial Advisor. This is not financial advice.
Trade Idea:
$BCH has entered its accumulation phase. The Sum Average of the 7 Weekly Lows charted is approximately $186. The Sum Average of the 6 Weekly Highs is approximately $1600. Accumulating with an DCA (Dollar cost Averaging) Approach/mentality, over the next 4 quarters could lead to a Average Yield Return of (700-800%).
(Note: Hello Hope You Guys Are doing Well. If you like the idea, please drop a like. I love investing and its my passion. Love and Prosperity for All.)
Sell BCHUSD now for daily downtrend continuation from here Sell BCHUSD now for daily downtrend continuation from here . Like and follow for successful trend continuation trading signals from me and like and follow my page
BCHUSDSales scenario After confirmation, we enter the sales position
Purchase Scenario After confirmation, we will enter the sales position
