BITCOIN CASH SHOCKING MOVE!!!This could be an head and shoulders formation....lets see what happens next for BCH/USDT🚀
BCHUSDT trade ideas
BCH Price Still Has A Potential To Reach $6k AreaLike majority of mid cap projects BCH is forming very similar crashing pattern as BTC did in 2018. Of course 2018 btc crash happened with different velocity and curve, but price did have some kind of bounce and sideways movement as BCH had this time.
If we extend fib. levels over 2018 bitcoin crash where level 1 sits at 2017 ATH and level 0 at the low, we can see that the price did first reach lo 0.618 retracement, then eventually crashed, closing the gabs above the low, only to have another breakout and pint point nailing level 4. fib. extension (69k). Time will tell very soon if BCH price will react to the same fib. retracement/extension levels, but if does, it would mean that the price would first climb just above 1k, then have an accumulation back below $200, then of to the races to 6k area where level 4 fib. extension level sits at. Imagine that, it would truly be an amazing alt season.
Remember that time is irrelevant here and no one knows when things will happen or for how is anything gonna take to play out. We can only speculate price areas based on historical price movement.
It is only a speculation, we need more time to really confirm all of this but when price is set for new ATHs after a major crash like this, it tends to react to above mentioned fib. levels.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BCHUSD ❕ the price held the support The price movement on the 4H formed a wide-band candle, the zone of which has already proven to be effective.
Trading volumes declined, as did volatility.
TD Sequential formed a reversal signal up (1H TF)
I expect that BCH may start an upward movement again if the price can fix above the level of the previous top.
BCH ANALYSIS IS PROMISING Bch broke gaussian channel and retested it , prepare for bulls to flood the market
BCH ANALYSISBULLISH PENNANT indicating a start of a bullish trend for Bitcoin Cash, Hold On and wait for rocket to launch.
BCH/USDT BUYING SETUP#BCH/USDT BUYING SETUP (Swing)
$BCH valid retesting for continue upward movement . daily close before very bullish candle confirm doji for going continue upward movement . Buy with money management
Entry : 140.5 - 130 - 119
Target : 159 - 177.3 - 204.6 - 235.8 - 281
Stop : 113
BCHThe price breaks the downtrend line and stays on the uptrend line. The RSI breaks through the resistance of the downtrend line. The price should continue the uptrend
BCHUSD ❕ broke up the downward channelBCH has successfully broken through the upward downtrend channel and formed an uptrend line.
I expect that the asset will successfully continue to grow after fixing above resistance level.
BCHUSDT LONGBCH is retesting cup and handle breakout, last two daily candles have closed above the C&H resistance and gravestone doji implying the breakout retest might be done. I am long with a stop below doji low.
Long BCHUSDT (4H timeframe)Long entry for BCHUSDT at 135.8 USD.
The price broke out of the Kumo Cloud and the Chikouspan is now completely free from the price and Kumo Cloud.
Besides that, the Tenkansen crossed the Kijunsen and both the SenkouspanA and SenkouspanB are pointing upwards.
Overall this is a bullish signal.
Keep in mind that on the daily timeframe the price is still in the cloud so you can expect some turbulence.
The first resistance is expected around the Monthly R1 Pivot Point level at 177.3.
We will keep you updated.
Long from support BCHMy idea for bounces from support (premium price). We have been located for over 120 weeks, the indicators are sold out on all time frames, bullish divergence. All we need to BTC go up.
It's worth pulling the trigger.
Take care, trade safe.
BCH/USDTBCH/USDT
As we expected, the price increased to the $165 range.
It is expected and upward momentum has been taken to increase the price to the range of 190 dollars.
#BCH #BCHUSDT #BTC #BTCUSD #LUNA #LUNC #UST
BCHUSD ❕ anomalous growthThe market started a strange rally after the FOMC meeting, so it is possible that some of the market participants may start to take profits.
Price in the overbought RSI zone (4H TF)
The BCH ignored the bearish divergence on the 4H Timeframe.
Indicator BB - overbought (4H TF)
I expect the asset to continue the correction if it fixes below the support level.
BCHUSDTPERPAccording to the profit step formed in this width and reaching the resistance areas, which shows this growth as a correction for the previous fall, price correction is expected in these areas.
#BCH/USDT
The price has broken through a strong resistance level - a downtrend line. This line and the 100 EMA are strong support levels. If the reverse symmetrical triangle is broken, the price may rise to 200 EMA
BCHThe price has broken through a strong resistance level - a downtrend line. This line and the 100 EMA are strong support levels. If the reverse symmetrical triangle is broken, the price may rise to 200 EMA
BCH to $166#BCH/USDT
$BCH broke out descending resistance and confirmed it as support.
🐮 as long as price stay above support zone and ascending support, it will continue its uptrend to resistance zone around 0.5 and 0.618 fib levels of last swing down.
BCHUSDT: Good prospect for LongThe structure of medium-term wave levels on the BCH tells me that the decline from the level of $1,600 is probably over.
On the smaller timeframe some initial momentum was formed in wave 1 or A, and at the moment the price is correcting in the anticipated wave 2 or B.
It is possible that the correction has already ended and the price has already started to form the first upward impulse as part of wave C or 3.
This is an excellent pattern that allows you to plan to open a long position with a remarkable risk to profit ratio of at least 1:5.
BCHUSDT 1H: Possible LONG#BCHUSDT has the potential for an uptrend to 135$
Middle aim-level 125$
SL 116$
