BCHUSD trade ideas
Gangster Plays...Many people in this space seem to think a lot of these old coins are dead and find them overall quite boring, This is one of the cryptos that's here to stay and is already being adopted as money in many countries that are not as privledged as the western world, Yes that's right step outside your little bubble and throw away your security blanket and you quickly realize this already has a utility...and guess what the people using it don't hear/care about the outside opinions - It's solving a real problem for them. When people are forced to opt out of the fiat money system and looking for a peer to peer electronic cash that's actual hard money there is only a select few in crypto that tick that box, Tribalism won't win long term in any network and we're heading into a future where multiple networks can thrive.
Ok outside of the fundamental view above I think we have 1 more low to make here around low $300s~ area...can we go much lower? sure but if you're not using leverage and are a responsible functioning adult who has patience and can buy/hold spot it's a pretty easy game here.
My strategy is to buy all the way down which if I end up terribly wrong I'll still have 2-3 more buys to average down, The only way I see myself losing here is BCH dies/goes to zero which I find very unlikely.
BCRX Bullish breakout incoming watchig 17.26 roughly first target 18.47 could
Go higher if bull pennant
Bitcoin cash: the upside prevails as long 375.1 is support.The RSI is trading above 70.
This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 377.1 and 372.4).
Our preference: The upside prevails as long as 375.1 is support.
Alternative scenario: Below 375.1, expect 365.3 and 359.5.
BCH weekly chart updated to caution. BCH on the weekly chart is still intact. The DeMark 9 indicator reads
it has hit the bottom.
If BCH can get some buying volume, it has to break the Hull Suite Indicator
and it then can move up to above trendline and
pursue its way to previous 2021 Highs at $1600. BCH must not break support
at $336 and then $248, I dont believe it will happen but the RSI is at the bottom
of the trendline as well.
BCHUSD Falling WedgeChart pattern analysis of the daily chart for BCHUSD
Falling wedges tend to break out bullishly when complete
BCH We did lose support but downsid target here is 370 might be worth a grab as this could bottom BcH here. Still need to bounce back and reclaim daily EMA ribbon support. I have buy orders 370 to test this
BCH weekly chart still Intact?BCH on the weekly chart is still intact. The DeMark 9 indicator reads
it has hit the bottom.
If BCH can get some buying volume, it has to break the Hull Suite Indicator
and it then can move up to above threndline and
pursue its way to previous 2021 Highs at $1600.
BCH - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BCH is sitting around a strong support zone in green so we will be looking for buy setups.
on DAILY: BCH is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower till the lower green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The bull run of Bitcoin CashAre you ready for the bull run of Bitcoin Cash? It will start very soon!
Long entry: 444 usd
Take profit: between 100k / 250k usd
This is my personal opinion and this is not a financial advice! Good trading!
BCHUSD shortBCHUSD broke trough the ascending trendline. Decline to support level at 368 is expected to happen.
Bitcoin Cash longBCHUSD broke through the descending trendline. Bullish movement to resistance level at 504.5 is possible.
Test demand area on 2022Need testing demand area. Some whale need cash for new year and metaverse development. Q2 - Q3 is good for investing. Press like button if you agree. Thanks
BCH Bitcoin CashSimple idea. Looks very promising. Im thinking we will very likely stay in formation on this one. I see a divergence in the RVI. Could be preparing for a nice new spike.
This is a huge formation!!With all the potentials it has. This will be the biggest breakout.
Goodluck.
BITCOIN CASH LONGS 💰💰💰Expect bullish price action on this coin as price is rejecting with a huge bullish momentum from 400$, we have a lot of liquidity that has been taken out on ,,support area,, where a lot of margin stops where sitting in my opinion.
We are going for the BUY SIDE LIQUIDITY above 600$
What do you think ? Comment below..
BUY BCHgonna be buying bch right here. everything is setting up for a huge pushup www.tradingview.com
BCHUSD will shine soonBCHUSD currently is back into the accumulation zone.
Don´t get fooled by haters.
BCH is not dead.
Currently very oversold RSI
We expect a few weeks of accumulation and in 2022 a huge uptrend.
This analysis will upset many haters but we expect the final target between 10k and 15k USD. not only BCH will do well but also other dino coins such as XLM , XRP, DASH and many more.
ETCUSD already in April and May 2021 showed us what dino coins can do when they are in a prolonged accumulation.
We expect similar move for other dino coins.
Patience is a key.
No financial advice
