BCHBTC trade ideas
BCHBTC bearish overview.Hello, traders.
BCHBTC chart is only looking bearish in my opinion, we are below two important resistances, but I am seeing a bullish divergence on RSI which means that we can see a pullback or a short term bullish rally.
But don't expect much more than that, the chart has a lot to show us before starts to look bullish.
Best Regards.
BCH bullish and Bearish areasHello, Traders!
We have BCH divided into two areas, the bullish and the bearish zone.
The bullish Area is the price above the long-term resistance line and the key level.
The bearish area is the actual scenario, the price below the key level, and the long term resistance line.
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Best regards.
Sandro and Gustavo.
BCH below critical support lineAccording to the BCH rich list just a few wallet addresses -- 0.77 % -- hold -- 92.66 % of all BCH.
In plain English there is nobody left willing to buy their bags.
97% of all addresses hold less than 1 BCH and the vast majority 91 % of all addresses are near empty (hold less than 0.1 BCH). They have already sold it all.
BCHBTCTo go short we have a very strong rejection price at 0.23404 . So in order for us to be safe we have to wait for a breakout which is at 0.023018 to 0.021582
And second take profit @ 0.018995 stop loss at 0.23595
Long. Price rejection at 0.024715. Wait for a confirmation at 0.02485 buy to 0.025991
Stop loss at 0.024392..
USE A GOOD RISK MANAGEMENT FOLKS
0.001 FOR 100$
0,002 FOR 200$
0.001 FOR 1000$
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I WILL BE REPLYING COMMENT SHARE ME WHAT ARE YOUR THOUGHT HUHHH
BCH/BTC (Accumulation Phase?)BCH/BTC
-Bitcoin Cash is on an accumulation phase
-Trading at key support area or pivot zone last Dec 2018 history
-BCH is also forming a potential Descending triangle pattern
-Which is a bullish reversal sign if confirmed
-If you are a long term trader
-This crypto is perfect for your taste
-Because you are buying a demand zone
-But always remember to buy only you are willing to lose
-This asset can be dead for many months or even years
-Patience is the key here
