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Bitcoin Cash / TetherUS PERPETUAL CONTRACT

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BCHUSDT.P trade ideas

BCHUSDT back to 330?The marked candle is what we call a ' structure candle'. The market often tests these. Now we only have to wait for the right entry to get into the position to ride along with this movement down. However, currently the market isn't ready yet for this short, so we wait until it does. And if the market creates price action which invalidates our possible setup, that's no problem either, since we wait for the right environment before taking the trade to maximize our chance of success.
Short
by PayPerTrade_deals
1
BCH analysisTake a close look at the daily data price charts, a W bottom pattern has formed. Not only does it follow a major downtrend but a spike in volume occurs during the price movements. This is an important bullish reversal pattern as it shows after a continuous falling market. BCH market has stabilized at a certain range since 22th Jan, so the buyers drove the rebound. But after rebounding to the neckline, the price fell back to the previous low due to the pressure of profit-making participants. Now It rebounded and broke through the high of the last rebound, which the neckline (or neckline+5%) would be an ideal entry price. Theoretically, the expected reversal height would be the vertical height between the bottom low and the neckline. We also need to notice that W pattern is not necessarily a reversal signal, but sometimes a consolidation pattern. These two lows appear very close, which might lose some credibility and the price might continue to move in the original direction.
by Blitz_analysis
BCH/USD - Resurrection from the dead. PUMP time! 🤣BCH has been dying since May 2021, but now it is time for resurrection. Easter is coming so the timing seems very good. 😅 After a prolonged downtrend which formed a large falling wedge, BCH has its FIRST real chance to break away. Price is currently moving quickly to the key resistance at $380 which coincides with the edge of the wedge. A successful breakout there and retest of this level as support can take BCH to the next key resistance at $465. The indicators support a bullish bias. MACD, RSI and OBV are all bullish. This latest candle was on strong volume. If BCH can sustain this, then fireworks can happen. Bias is bullish right now, but don't dismiss a possible rejection at $380, before the real break can take place. Patience is key, but this chart looks primed for some sustained gains in the future. Can BCH return to the spotlight? Like and follow if you liked my idea!
Long
by DU09
1
Bulls are again attempting to push through $360-levelBitcoin Cash coin approaching the crucial supply zone after drawing the triple bottom formation over the daily price chart. Bitcoin Cash reclaimed 8% market capitalization, which is now at $6,74 Billion. The daily bitcoin cash price EMA ribbon as seen above the red ribbon of the indicator supports a bullish trend but the digital asset price is still below the 200-EMA (yellow). Moreover, Stoch RSI is looking flat in the overbought area concerning the regular price graph. Nevertheless, the Average Directional Index shows a slightly bullish trend for the Bitcoin Cash coin. It looks like Bitcoin Cash holders don't want to miss out on a buying opportunity and may be able to jump the crypto price above the supply zone. On the other hand, if they fail to go up, they may again face a pullback. Support level - $300 and $280 Resistance level - $360 and $470
Long
by TheCoinRepublic
BCH analysisNow the price has entered our resistance zone and MACD shows great momentum while KDJ is in overbought conditions suggesting that the resistance level is reached and the rate is likely to fall. Yesterday the market just retreated symbolically with little actual pull back, but this time all the pressure amounted together would create a bigger slide. So short-term drop is most likely to happen but as long as the price didn't break down the support zone, we are still in an uptrend. Whether today's candlestick can close above 339 is also an important indicator.
by Blitz_analysis
BCH 1 day analysisIt's been successfully created an uptrend with higher highs and higher lows. The next target also a high-value zone is 350~362. With expected resistant pressure mounting in this zone, we can imagine the effort needed to overtake it requires a huge volume from the bull side. Though the market might approach and try to break it soon. Support: 312, 295. BCH has bound back 23.38% In the past 15days, so be careful of entering a long trade if there's not enough volume.
by Blitz_analysis
Bitcoin Cash (BCH) Sell ZoneBitcoin Cash (BCH) Sell Zone -------------------- BIAS Mid-Term : Neutral Long-Term : Bullish Risk : High Short-term scalping and expecting a formed bearish pattern, currently its facing out the mid-term resistance zone which is potential reversal zone of it. -------------------- $BCH/USDT SHORT SETUP Leverage : x3 - x5 Entry Price : 324 - 335 TP 1 : 320 TP 2 : 315.75 TP 3 : 310 TP 4 : 306 TP 5 : 301.2 TP 6 : 295.5 TP 7 : 292 TP 8 : 287 Stop Loss : 344.44 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Short
by Zerene
1
BCH 1 day analysisThe price just got back to the channel if we just look at the nearest market movement. This indicates that currently, the bulls are still in power. Another good news is the price now stands above MA20 which potentially will form a golden cross thus will create another upside wave. Nonetheless, KDJ signals a small market pullback is needed because of the high number value. When the price touches the lower line of the channel or creates a big lower shadow, it might be a great opportunity to enter long trade.
by Blitz_analysis
#BCHUSDT looks prime for 500% Rally!Welcome to this quick BCH/USDT 1day analysis in the chart. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-#BCH/USDT looks triangle pattern create and 500% Rally confirms and long term hold! Entry:-$262 $317 Target:- 400% TO 500% Stoploss:-$210 With leverage 3x to 5x And long term hold and good profit 😉🙂😊✈️✈️ Q:-What do you think about this? Do you think we will see a new ATH of BCH in the next quarter? Share your views in the comment section. Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563