BCH analysisThe market has bottom out. Now the confidence has got back a little bit. Next target 467 or it would have another deep dive? For now it more likely to have a period of consolidation again, so the price fluctuation might not be very volatile. Potential range 440~453. If BTC do not have very good news then BCH's whale still unwilling to push the price up I guess.
441 buy/ 451 sell / 436 stop
BCHUSDT trade ideas
One day analysis of BCHUSDTThere are three different range these days(three rectangle in the chart) . After the plunge BCH formed a consolidation then tried to breakthrough the upper resistance but failed, a few times. Now if we observe carefully we can spot there's a midpoint between the recently low and the resistance: roughly 419-440. and also by connecting the low points (uptrend line), market shows that if the price fallen down the midpoints: roughly 430, it will gain some support again thus would also make the waving range narrower. Eventually it had to choose a direction and for now we can wait and see whether this time BCH can break to the upside-- march to the next target (upper rectangle). Consider to the two MA's are givng a relatively positive signal, (And atr has reached the new low position.) It likely to cross above the resistance then enjoy another consolidation period.
Buy 437 / Sell 447 / stop 432
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you can see, the price is fluctuating below the resistance line, and if it can not stabilize above the resistance line, we can witness the fall to the first support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
One day analysis of BCHUSDTThere's a downtrend triangle that appeared after the dump, and now the price has breakthrough to the upside. Since the previous support now has become the resistance we believe the next target would be around 440. But more likely the bears wouldn't give this chance to the bulls so 436 is likely to be a potential sell point for a short-period position.
We can also spot there's an uptrend band that has been holding the price have a high low since yesterday. The waving range will become narrower and narrower between the resistance of upside and this uptrend line. Thus we can see which direction the market chooses to go.
Buy 423/ sell 436 / stop-loss 417
One day analysis of BCHUSDT447.7 sell/444 sell/ 449.5 stop-loss
Previous day P/L: 0
Price has been waving from 466~440 since 09 Dec, For now, the midpoint is at 453 and the depressure from MA20+MA50 is near the midpoint. Bulls are struggling to hold it back but the buying power didn't show very strong. There tends to be another breakdown to even lower than the previous low which happened at 06Dec. KDJ is spreading out.
One day analysis of BCHUSDT10th Dec Market analysis
452.7 buy/466 sell/ 446 stop-loss
Previous day P/L: -3.9
We have two hammers that stopped the previous dump, and a big bullish candle covered most of the decline. Price is moving around the upper band of the downtrend channel and it also happens to be a resistance level. If we change the timeframe to 1 hour, it tends to look like consideration is happening and the price almost stands on the upper band.
BCHUSDT is creating a pennant 🦐BCHUSDT is creating a pennant above the monthly support.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
BCH at Bottom of Trading Range / Buy Low Sell High / DailyThe big picture of Bitcoin Cash is trading range phase.
Best strategy in range markets is to buy low and sell high.
Now we are near the bottom of daily trading range,
and also bottom of bear broad channel ( 3nd pushed down ).
So cheap price to buy currently.
As long as we are above the daily bull trendline + Support Zone ( $405-$445 ), you can buy.
Below this prices market will be bearish.
Targets after breaking the bear dynamic trendline:
1) Touching the bear trendline ( Top of Channel )
2) Resistance Zone ( $749-$773 )
Breaking this resistance and consolidate above this zone, then higher prices will be expected.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
One day analysis of BCHUSDT9th Dec Market analysis
465.5 buy/476 sell/ 461.6 stop-loss
Now the BCH was at the previous support line and keep trying to breakdown to the downside. Bullish power is not very strong for now as the market emotions are also relatively passive. 466 would be a short-term key point as it was the middle line of the fluctuation range from 4th Dec to 9th Dec.
BCHUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 700-800-900
after first target reached move ur stop to breakeven
stop: under 460 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
Bitcoin Cash (BCH) - December 2Hello?
Welcome, traders.
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Have a nice day.
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(BCHUSDT 1W Chart)
Support section: 439.5-479.4
If the price holds above the 623.8-702.5 range, we expect the uptrend to continue.
If it declines from the 342.2 point, I think BCH is likely to enter the mid- to long-term investment zone.
🔥 BCH Consolidation AheadSince the initial sell-off of May this year, BCH has been trading inside a consolidation pattern. This pattern has kept BCH locked into a territory of weakness whilst other alts made new all-time highs.
For the coming weeks, I'm expecting BCH to stay inside this triangle. Hopefully we're going to see a break out by the start of next year. Assuming the overall direction of crypto is still bullish, expect a bullish break out. '
Happy trading!
#BCH #USDT Buy SetupCOIN: $BCH/USDT (3-5x)
Direction: LONG📈
➖➖➖➖➖➖➖
One of our monthly top performers once again ready to explode. Looking on higher time frames like BCH is getting ready to confirm that $540 low was our mid term bottom.
ENTRY: 546 - 565
OTE: 541
TARGETS
Short Term: 573 - 583 - 595 - 610 - 630
Mid Term: 650 - 680 - 720 - 760 - 800
STOP LOSS: 521.3
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Loading #BitcoinCash #BCH It's a blood bath where everything is for sale. BCH didn't make a new ATH yet this cycle.
Let's go fundamental first:
1) BCH has smart contract developed by an independent team
2) It is disliked due to its founder and being BTC fork, yet it continues to thrive behind the scenes among its loyalists.
As for the technical aspect:
1) BCH has very high growing LONGS on BitFinex since the summer, and still so after this week's dip.
2) BCH continues to hover above its support drawn from Sep 2020 on the weekly chart.
3) BCH maintains the 40 RSI level on the daily, which is considered an untimely Long position entry in a bull run.
4) BCH is below the 0.236 Fib R level indicating an undervalued asset for accumulation
5) As per Ichimoku Cloud , BCH needs to close a daily candle above $640 for a leveraged long position. If and only if, my mid term target is $2400.