BCHUSDT trade ideas
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.
BCHUSDT: Good prospect for LongThe structure of medium-term wave levels on the BCH tells me that the decline from the level of $1,600 is probably over.
On the smaller timeframe some initial momentum was formed in wave 1 or A, and at the moment the price is correcting in the anticipated wave 2 or B.
It is possible that the correction has already ended and the price has already started to form the first upward impulse as part of wave C or 3.
This is an excellent pattern that allows you to plan to open a long position with a remarkable risk to profit ratio of at least 1:5.
BCHUSDT is creating a rounded bottomThe price is creating a rounded bottom below the weekly resistance at 133$.
Now the market is creating a bullflag below it and the price is getting new liquidity from the 0.382 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the daily and weekly resistance and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Bitcoin Cash (BCH) - July 25Hello?
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(BCHUSDT 1W Chart)
Whether or not it can move higher than 202.7 is the key.
To do that, you need to make sure you can climb above the 122.6-146.0 section.
(1D chart)
Primary resistance: 146.0
Secondary resistance: 174.8-202.7
Support: 106-122.6
We need to see if the price holds the price above the 60 SMA level.
To do so, it needs to be supported in the 122.6-129.0 section or higher.
- The Stoch RSI indicator is an indicator that can detect short-term fluctuations.
- The rise of the CCI indicator is likely to show an upward trend from a mid- to long-term perspective.
At the same time, when the Stoch RSI indicator and CCI indicator rise, more volatility appears.
The opposite is also true.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BCH Potential ShortThe above trade idea is based on symbol BCHUSDT - Binance.
An alert has been set for the entry price.
Risk Management is always important. Let the trade come to you.
Stoploss(SL) 1% above entry. Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
BCH could have a small pullback - Cryptoz18❶ Warning
Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much.
❷ Tutorials
➤ Here you can find a brief explanation of how the operations work in case you are interested in following them.
➤ Here you can find an explanation of how to track our ideas:
✔️ Our operations are taken with StopLoss and Take Profit of 15 minutes. However, we are looking to try and catch a 4H trend. So, once we touch the TPM according to your own analysis you should consider whether to close the trade or move StopLoss to entry.
❸ Operational Information
• Entry price: 120.60
• StopLoss: 127.58 (Loss 5.79%)
• TakeProfit Minimum: 115.46 (Win 4.34%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
Bitcoin Cash Goes Bullish | Similar To Ethereum Classic When... Bullish consolidation is taking place on the Bitcoin Cash (BCHUSDT) chart as we have 6 consecutive days closing green.
The RSI is strong above 55 while prices remain near support.
Having a strong RSI near support is a very strong signal.
When Bitcoin Cash starts to go it goes...
Just like what we are seeing with Ethereum Classic and Polygon.
If you would like to know/learn how to spot a reversal before it happens, you can go back to all the charts we shared earlier this month and June, there we expose all of the chart signals that lead to the current price dynamics.
Do not worry about hitting like nor commenting, focus on reading and making money.
You should invest your energy on your own personal growth.
We love you.
Thanks a lot for the amazing support.
Namaste.
BCHUSD is HOT! I see expansion coming! If you like AI then Look at my custom cloud settings that show we are flying hi above a huge red cloud and not likely to break back down because they are keeping shorts under water. Only one real correction in there and then we have been pushing right through and so the odds are we will ride the cloud and then expand up. I ran Targets on this earlier and we entered Long on this at $104 and also doubled up long at $94 and the targets are $119-124-136-152
BCH Could Seek Liquidity For Longs - Cryptoz18█ Operation Information
BCH has had quite a drop in the last 2 days, it is possible to look for liquidity to take long positions, 102.75 is a very high interest point based on VWAP.
█ Operation data
• Entry price: 104.07
• StopLoss: 105.19 (Loss 1.16%)
• TakeProfit Minimum: 103.90 (Win 1.09%)
• Type of operation: Short
• Recommended margin: 5% of the Futures account
• Recommended leverage: 5-10x.
• Temporality: 15Min - 4H
✔️ Fact: The user is recommended to constantly move the StopLoss to entry or profit in case we are already winning. In this way, if the trend is good, it will never touch it, if it is bad, we only lose money from commissions. Being a 15 min trade based on 4H, it is likely that we will hit the StopLoss, so be aware of that. We try to catch a trend.
█ Global data to take into account
Bitcoin is currently in an uptrend in 4H. However a lot of bearish orders trying to keep it below the 20500 price. The daily trend is in play, take your precautions.
█ Warning
✔️ Cryptocurrency operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trading ideas publicly for the viewer to do their own analysis and decide to enter based on their own decision making. The viewer is recommended to have good risk management in their operations. For this, take into account fundamental data from Volume of the asset, Marketcap, Supply, Percentage change price, Current Volatility, Perpetual Data and finally proper Margin and Leverage management Be careful, you can lose all your money in futures if you have poor risk management. Nothing more to say thank you very much.
Will Bitcoin Cash see $25.00?BCH has always followed in the foot steps of Bitcoin rightfully so consider BCH is a soft fork of Bitcoin itself, hence the name Bitcoin Cash. Over this past cycle Bitcoin Cash has managed to perform above average in my opinion. I am one of those people whom believes that BCH will follow the price of Bitcoin itself and will one day be worth over $20K although that depends heavily upon financial regulations that could unfortunately put an end to BCH, an highly unlikely scenario, but none the less could happen.
Now the purpose of this chart is to show the major downward angles and how BCH is building them into support. It appears as if we have made it out of a strong resistance barrier. Although we are hovering around $101.20 as of the time of writing this. I am not to optimistic about the price of #BCH at this moment I am eye balling the low at around $25 to $75
We can see on the chart that BCH seems to be stuck below the $103.00 resistance level and is looking to take a leg lower. I am going to go out on a limb here and say that Bitcoin Cash will be dropping some time before Wednesday. I normally don't throw a day out like this, but I feel confident saying that considering all the charts and news that I have reviewed recently.
I also have a nice buy order set up below $25 In my opinion if Bitcoin takes this next leg down as I have been expecting than we will see Bitcoin Cash do the same as well. When this happens Bitcoin Cash should bottom out as well. When Bitcoin itself was around this point age wise on a lot of exchanges the price dropped to .01 cents for a moment. I would of liked to have bought #Bitcoin at that price, but I didn't get a chance to.