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BCHUSD trade ideas

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.
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by Gary233333
1
HIGHLY IMPORTANT DECISION TIME FOR BCH!Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity. Bitcoin Cash is high volume coin. Which is a good thing in a bull market. But right now we are in bear market and at a very important price zone for bitcoin cash! 277 is a massive support area. If we cant hold it price can test the 200 price zone which means a %25 decline in value. Supoort areas 277 255 200 Resistance areas 293 342 387
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by thegreatwall38
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.
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by gibsonlookey
BCHUSD D1: 200% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! 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.
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by ProjectSyndicate
34
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.)
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by BigKat214