Bitcoin Cash / Bitcoin
0.004207BTCR
−0.000023−0.54%
As of today at 09:09 GMT
BTC
No trades
BCHBTC trade ideas
BCH still missing the impulsive wavesHello, traders.
BCH is still missing the impulsive waves. And this is what is happening on the chart. We have broken a long-term resistance line, and the price is staying above critical support, but still on a sideways movement, so we have not started the uptrend movement of this asset yet.
Best Regards.
BCHBTC pump still on the way About a week back I was talking about how I was bullish on $BCHBTC. It appears it has finally showed up to the party. The USD pair has resistance around $300, but if that is broken I see target hit by the end of the week. Broken trend line with a nice backtest and now movement upwards... Send it.
Bitcoin Cash | Falling Wedge Breakout Done..!!BCH/BTC (Update)
Falling Wedge Breakout & Retest Done in Daily Timeframe Chart.
Buying Volume Slowly Increasing that Means, Big Bullish Move Ahead.
Major Resistance : 0.03 Sats
Bitcoin Cash Might test the Major Resistance Area in Coming Days.
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Bitcoin Cash: In-depth Breakout Analysis 1D (Jul. 26)X Force Global Analysis:
Bitcoin cash (BCH) has been showing signs of reversals through a descending wedge on a downtrend. In this analysis, we take a look at Bitcoin Cash's technical evidence to assess its bullish probabilities.
Analysis
- To begin with, we can notice extremely extended bullish divergences on the daily, as prices form lower lows and indicators form higher lows
- The Relative Strength Index (RSI) shows a steady increase over time, demonstrating increasing trend strength
- The Moving Average Convergence Divergence (MACD) also forms higher lows and higher highs as a sign of momentum
- The Stochastic indicator also contributes to the bullish divergence formation on the daily, adding weight to a bullish case
- Counting Elliott Waves within the descending bullish wedge, we can count Elliott triangle waves (ABCDE) leading to a breakout
- The Exponential Moving Average Ribbons are converging, looking to form a potential golden cross
- We have managed to close above the 0.5 Fibonacci retracement resistance, providing confirmation of a breakout
- Bitcoin cash has also managed to close above the Ichimoku cloud resistance for the first time in many weeks, signaling a potential long term trend reversal
What We Believe
We believe that the outlook on BCH is extremely bullish based on a plethora of technicals that point to the same direction. This could potentially be the beginning of a long term trend reversal.
Trade Safe.
BCH/BTC 1D Jul. 25Suggested Entry: 25215
Target 1: 26650
Target 2: 27800
Target 3: 28840
Stop Loss: 24250
The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons:
- Technical indicators support a stronger evidence for bullish momentum
- While confirmation is yet to be provided, it could be argued that BCH has broken out of the descending wedge pattern
As a descending wedge pattern in a downtrend is typically identified as a bullish reversal pattern, we suggest a long position with targets leading up to previous historical resistance levels, and a tight stop loss below significant support.
Trade safe.
BCHBTC is in Accumulation mode 🦐BCHBTC is in Accumulation mode like a previous idea QTUMBTC .
We are waiting for a confirmation and According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
BITCOIN CASH TBM (TO BE MONITORED) FOR LONGHello, despite I do not like the coin due to the well famous reasons, it is showing an interesting pattern and an interesting level to enter on (40bch for 1 btc). It will not be held in my ptf for long, just for a quick trade in case.
The breakout was strong but not followed by other green candles, and despite we are above the support (red area), I would like to wait for a further confirmation before entering long: which is, I want to see the price above 0.026. In that case,a good pump can occur.
BCH will moon from here.Hello, traders.
BCH/BTC broke the long-term Resistance line and now is accumulating on bullish accumulation pattern called Bullish Rectangle if we broke the accumulation on the uptrend direction we going to see a very strong bullish movement for this asset.
Push the like button and follow us on tradingView.
BCHBTC 1D long setup after confirmed supportTA explained
BCH found support at the bottom and already made a first move upwards. Now its heating up for the next impulse to the upside. First target aligns with -0.618 extended fib level and with previous resistance area. Stop loss is below the bottom of the previous impulse so price has some fib levels as support that need to be broken before getting stopped out.
This setup can be traded with leverage in margin, trade up to 5x max for this setup.
Trade setup
Best entries: 0.026095 - 0.026475
TP1: 0.027999
TP2: 0.030347
TP3: 0.032477
SL: 0.024832
RR: 3.8
Max leverage: 5x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Is BCH / BTC ready for Altseason? High risk 600%+ Potenc. ProfitKRAKEN:BCHXBT Is approaching a strong support zone around 0.02359, a perfect buy if you believe that Bitcoin Cash have power to go up.
Bitcoin Cash is known for its cheap transaction fees and active founder, but on the other hand it is not very respected by experienced traders.
Since BCH appeared, Roger Ver tried to overtake the real BTC and caused a lot of confusion for new crypto enthusiasts and all. Because of that it got a lot of hate and was pumping fast but dumping even faster.
My personal opinion is Neutral, entering long near support zone is a great opportunity but also a high risk.
High risk consists of losing the support and dump lower than Challenger Deep (the deepest known point in the Earth)
Risk:7
Reward: 7
What do you think about Bitcoin Cash? Are you positive or negative about it and the project in general?
