BCHUSDT trade ideas
BCH/USDT are we finished with that dump? Hey traders 👋
BCH is making some interesting moves here where price is just pushing and pushing to break that last Support which is holding the price up. We see a good potential here for a nice correctional movement as we just got out liquidity grab movement as well - keeping a eye on this on as well!
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BCHThe price continues to pump following the news of trading starting on the EDX exchange. The price is currently in an extremely overbought zone. Be cautious, as the correction after the pump is expected to be very strong. The nearest strong support level is the Point of Control (POC) zone and the weekly 100 MA.
BCHUSDT ---> %78 PROFIThello guys...
There is such thing as a free lunch :)
as you can see bch broke the descending wedge
after that did a sharp move and at the same time, it broke the previous resistance level
If the price retraces to $174 level you can get a long position and hold it until $316!
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Overview of accumulation breakout patternsWelcome to my new educational post
As you can see in BCH/USDT chart, One weekly green candle is enough to overcome 1 year of bear/consolidation zone !!
If you are surprised, let me tell you this is very normal behavior in crypto market as we saw this happened many times before
Another example :
DOGE / USD
When to expect a coin to explode like that ?
The accumulation pattern have many stages
1- After a period of bear market starts to deccelerate the price action becomes flat and usually take long time of horizontal accumulation between main supply and main demand (weeks / months / years )
2- Multiple fakeouts can happen to make both buyers and sellers exhausted
*The best buy (smart money) after the price reclaim the main demand after stoploss taken the second best buy after valid breakout (candle closing)
The shorting is the vice-versa
3 - Finally the strong breakout take place and overcome many weeks / months or even years of bear / consolidation/ accumulation zone
4- After the coin make breakout many traders will avoid it in the early breakout but it will continue rise and rise ..and every time it rises more it becomes more risky
Later it will turn to be crowded coin and many newcomers buy it at very high prices at this stage it becomes a gamble and MM will sell their profits on newbies
Note : The distribution phase is the opposite of accumulation phase
Note : not all coins can survive bear market, So the fundamental view has great role to support the coin
I can tell you about potential coins in accumulation now which have chance to do similar thing :
#FTT - #DYDX
DO you know another potential coins in accumulation ? Tell me in comment section below ⬇️
🔥 Bitcoin Cash Hedging Trade After Huge Bullish MoveBCH has been making crazy gains over the last two weeks. This happened mostly during a period of sideways price action of Bitcoin.
Although the market is very bullish over the long-term, I think it's wise to protect against a sudden dump.
I chose BCH because it has been severely outperforming the market recently, even hitting a daily RSI of 89 at some point. The argument is that BCH has to do some mean-reversion at some point. In addition, once the market starts dumping it can give back all its gains very quickly.
My overall view on the market is still bullish, but building in some protection is never a bad idea.
Moral of the story: FORGET EVERYTHING YOU KNOWThe last weekly candle before this massive pump was a really bearish engulfing candle that even closed under support. RSI even broke the MA downwards!
So yeah, you CANNOT time the market, you CANNOT TA the market, and you definitely can't predict the future.
Bch@bch
I still don't have the confirmation of the break, the last candle was 326, so I don't think it can go higher than this, if it is approved, you can see the above three lines after a few weeks, if you are thinking about buying it, when you see it Two green numbers arrived, check the power of the candle and momentum, if it is OK, buy it
Look at BTC ! Golden Hoop Stick !Look at BTC ! Golden Hoop Stick !
Bitcoin Cash has risen sharply in the last two weeks, which is exactly the time point of the first anniversary of Bitcoin Cash cash from June 2022!
Now the strong pressure of Bitcoin Cash cash is 344.52 in the week of April 18, 2022; Now the strong support of Bitcoin Cash cash is at the opening price of 188.91 in the week of June 6, 2022!
Normally, the real starting time for a variety to enter the long-term horizontal market is generally about 3 years. The recent surge of Bitcoin Cash cash will wait and see whether it is a long time to roll over or really get up!
BCH breaking all resistanceHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash continue to crash all resistance levels and aspire to the moon.
BCH broke very important level at around 150. BCH price was accumalating under that level for almost a year and now price squeezed to the moon. Now it's important for BCH price to remain above 170 and higher. As I indicated in my last post about BCH, if price break 150 resistance level than next likely stop is 200. So far price tapped 220 and now went at about 200. If this impulse continues than I expect price to reach 260-280 price which will be next big resistance.
Also, take note on the volume. This week there is extremely high volume on BCH weekly chart which can indicate on potential reversal at least up to 170-160 level. But for those who want to short BCH need to be extra careful because price can easily go to 270 resistance level.
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BCH - Continuing with bearish divergence on the H4 timeframeDear my friends,
As previously analyzed, I have observed BCH on the 1-hour timeframe. There is a divergence signal on the H1 timeframe, and now there is a divergence signal on the H4 timeframe as well. Additionally, there is confirmation through a reversal pin bar on the daily timeframe. By observing the volume on the H4 timeframe, it is clear that there is not enough strength to break the resistance and continue upwards.
While BTC has been increasing and undergoing a correction, BCH has been increasing without a correction, making a correction necessary at this point. I have plotted the FIBO levels for this correction. We will continue to observe how far and where BCH will correct to. Do not be greedy or fearful. I will share with you what I see.
Thank you!
Bitcoin Cash BCH price what is happening, why is it growing?The goal from the previous BCHUSDT idea, which was drawn on the chart, has been achieved, that's why it is worth updating the picture and thoughts.
By the way, in the same previous idea, we described a lot about Bicoin Cash and our memories associated with this project on the crypto market.
So, in a little over a week, the price of BCH has grown by +130%, which is a super rapid growth that has not been seen since the end of 2018.
We don't know what this rapid growth is due to, maybe you will share important information in the comments below the idea?
In our opinion, before continuing the growth wave to t he next targets of $340 and $550 , the BCHUSD price should correct in the coming days.
And the $150-160 zone is a "tasty area" for buying BCH, of course, if you believe that the project has been resurrected and has great prospects.
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Is BCH going to surge?In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15.
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There are a few target price levels to watch:
196.30
210.65
222.10
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Looking at the smaller timeframe chart:
BCH has the possibility of experiencing a short-term pullback, with support in the range of:
154.55~169.00.