BCH/USD- Possible Setup.BCH buy on trend line break out, short sell at 410 if rejected from trend line.
BCHUSD trade ideas
BchLookin for a close above 467$ could see a nice push on BcH up to 500 reistance short term or retested breakdown of 571
BCHUSD Fibonacci Retracement, Support!Bitcoin Cash has not yet followed the market, it is still very cheap when compared to its crypto peers
0.382 can be seen as a strong resistance turned support, this is a great entry point.
Its peak of $4000 in 2018 is still so far away
With real world applications, BCHUSD hodls promise
Bitcoin cash it has strong resistance at $622.44
$197.31 strong support but not sure what the future holds
full fibs extension will good but will survive to get there ?
bch moves up $ 1150 is a good pointWelcome. Bch was forgotten in this boom. After the breakout to $ 1,600, $ 380 was low. then it hit $ 800 and is now low again. There is no reaction. Going back to 0.618 fibo feels natural. He is pumping a lot of coins, waiting, but I believe it will start. Target around 1150 looks nice, I personally hope to go higher. These are my thoughts. Good luck
BITCOIN CASH LOOKING EXTREMELY BULLISH! $2,000+ IN 90 DAYS! Bitcoin Cash appears to have completed its corrective wave and is now forming a massive triangle pattern on the daily chart with higher lows. Technical Indicators also suggest an imminent breakout in the near future, as RSI is beginning to form higher lows on the weekly chart, and the Awesome Oscillator is beginning to form green histograms with an upward trend.
Once there's a break above this massive triangle pattern, I expect a massive run similar to the 2017 Bitcoin Cash bull run. I will make an updated prediction once we see a break above this pattern.
BCHUSD As you can see on the chart, they have one C Fork and the RSI close to be higher than 50.
We will wait the RSI breakout the 50 level, maybe a pullback to the support are still possible.
Be patient.
I'll update the chart
Bitcoin Cash has Bullish Setup within Longer-Term Diagonal RallyBitcoin Cash (BCHUSD) appears not only complete with its wave (ii) pullback, but we may already have another nested i-ii setup in place. That means we are in a great BUY position unlike with many other cryptos which have started to run away with stronger rallies. As the rally continues across the crypto sector, it will become increasingly risky to deploy large cash amounts, so DCA (dollar-cost-averaging) will be your friend!
In the long-term big picture, I have reworked and simplified the chart. I am interpreting the rally from the March 2020 bottom to the May 2021 top as an Elliott Wave Diagonal structure. Diagonals are characterized by deep retracements with their 4th waves often pulling back so deep that they overlap the preceding 1st wave's peak. They also tend to stay within a trend channel and contain subwaves which don't look like true 5-wave impulses but rather 3-wave ABC patterns. Our crash from the May 2021 top would be too deep to be the 4th wave of an impulsive rally structure but fits the requirements of a diagonal rally structure almost perfectly!
If we can hold immediate support at 533, we've got our subwave (iii) targeting between 1334 and 1592 for a more than 2x return from where we are right now. The subsequent 4th wave consolidation may last multiple months as 4th waves tend to be slow and sideways. The final subwave (v) top is targeting between 1776 and 2120 for a 3x return. However, there is a strong confluence at the 0.618 extension of the larger 3-4 pattern, which falls at 2562 (4.5x return!) There is also an outside shot that we make it to the 0.764 Fibonacci extension around 4000 (close to the ATH) for a 7x return, but this is a low-probability at this time.
This top will likely coincide with a MAJOR top in BTC and ETH and will likely be followed by a lengthy crash across the crypto sector. I expect the pullback to be a major Wave 2,. I addition, diagonal rallies usually proceed sharp reversals; that alone should be enough deterrence from trying to 'hodl' thru a long bear market. Thus, this would be a great opportunity to take profits and reallocate into other assets or even Stablecoins. However, the ensuing major crash could give us an even better buying opportunity to send us up to the 4400-4500 range! Farther out, provided that the larger pattern holds 6800 could be within reach with the 11k target looming overhead, which happens to have very strong Fibonacci confluence across timelines.
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
Why You Shouldn't Hold Leveraged Tokens Long Term🤔❌❗🚫💥Leveraged tokens, is an invention of the FTX exchange , with leveraged exposure without taking care of the margin, requirements, management, and liquidation risk. In other words, Leveraged tokens are the easiest way to do leverage trading
but are still not safe from the risks of severe losses, although the risk of liquidation is no longer It does not exist, but it can reduce asset to zero, especially in the long term.
🔰Leveraged tokens are often the most misunderstood products in the crypto industry. These tokens are essentially funds that use derivatives and leverage to amplify the returns of an underlying asset. Typically, a leveraged token offers a multiplier of an index or a specific asset's daily return. For instance, a 3x Long BTC will generate triple the daily returns of Bitcoin.
leveraged tokens are built to multiply the underlying asset's daily return-the main component to remember here is DAILY. The leverage factor of a token will be reset every day. As a result, the performance of a token and its underlying asset can differ over the long term.
✳️While the comparison of daily and total returns can sound trivial, the math behind them differs in contrast. For example, even a non-leveraged portfolio that loses 10% on one day would not be able to break even with a simple 10 % increase on the next day. An investment of $100 that loses 10% on one day is worth $90 at the end of the day. But if the price goes up 10 percent on the second day, that's a 10 percent rise from $90, bringing the price at $99. Clearly, the math didn't add up as you would expect.
As such, in the event of losses, a portfolio needs a return greater than its loss to break even. The graph in above chart shows the subsequent rate of return needed to break even at varying levels of portfolio losses.
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Again, BCH-USD has best R:R of the entire marketThere is a huge gap between last high (May) and current accumulation band.
But, let's be patient.
During the last run-up it really took a while to get moving, so this time let's be patient and monitor it.
Putting this one on the watchlist.
Bitcoin Cash - Trendline Support Won't Hold for BCHLow volume indicates lack of buying interest. With the probabilities favoring bears, we expect to see a breakout below the trendline support over the near term. In short, the BCH market is in a short-term bearish phase but a dead cat bounce could happen at a lower price.
Full detailed analysis of Bitcoin Cash is available to our members now.
P2P Electronic Cash! BCH will melt faces.. longest chain than Bitcoin. 32X faster than Bitcoin less fees because of higher block size (32mb).. there is no block size limit on the white paper..
The True form of Bitcoin is peer to peer electronic cash!
bch analysisbch with fibonnaci retracement this is the weekly candles of lltime high and lows of bch so if it break above 1650 we could see targets of 5k or more
targets for now
1. 950
2. 1047
3. 1600
4. 2390
5. 5000
6. with small batch of funds remain 7k
BchHold above 640 as new support upper resiatnce 702$ pop that area and target is 1030$. Support needs to hold on a pullback around 611$
BCHUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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BCHUSD H16: 100%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BCHUSD H16 chart review
::: accumulation in progress now
::: updated/revised outlook
::: focus on buying pullback/dips
::: 40%+ gains still possible
::: currently trading mid range
::: BUY/HOLD setup TP +75%
::: previously recommended buying low
::: up to 75% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +75% gains
::: details: see chart
::: FINAL TP is 700 USD
::: TP BULLS +75% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: PULBACK/RANGE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BCH will rip!!institutions need to move money around in the market to keep balance throughout crypto. this is one coin that has not run.
Good luck all
BCHUSD: rolls back down alsoAnd so, for this coin, everything is very clear too. The situation is very similar to ETHUSD. The strict priority of sales can be traced now. The resistance level of $ 597.75 is in this case a sell level. Movement from this level is expected up to $ 543.55.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
XRP's Bull Structure Formed is MASSIVE!Using this comparison against BCHUSD we can see the initial spike length (%) and the preparations for the next bull move
As you can see XRPUSD's structure is massive
This implies the bull move that will result as per this structure will be a lot larger than that of BCHUSD
I have been pretty wrong with my XRPUSD predictions, (THE BULLRUN for XRP IS TAKING ITS TIME!)
I hope this post gives some faith/hope for XRP hodlers
BCHUSD💲 Nothing to think about shorts 📉The trading plan for BCHUSD is quite simple, and you don't have to invent something. The level of 576.65 is a resistance, in the price area of which a sell signal can be expected. Such a small upward correction is expected mainly for all major cryptocurrencies, after which a downward movement will follow again. In the case of BCHUSD, the target for the next fall will be 533.41.
Have a nice trade!
Your Solldy.
BCH decline continues shedding 5.6 percent moreBitcoin Cash price analysis shows the coin continues downside today as well after yesterday’s steep plunge. The BCH/USD gained significant value during November, but yesterday’s bears market damaged the cryptocurrency value to a great extent, and yet the downfall hasn’t stopped for BCH as it continues to fall, and today’s decline has nulled out the entire gains of November. So far, no considerable bullish support has appeared, and the next support level is present around the $579 mark.
$BCHUSD - Possible retraceHello everyone!
BCHUSDT demonstrated a great run and tested a major resistance zone.
Currently is extremely overbought and expecting a retrace from here to gain power and continue upwards.
EOSUSD and BCHUSD - Common FormationEOS and BCH are portraying a common structure pre 2.618 transition
Upon transition through 2.618 I expect a large bull move for both EOS and BCH
Now is a great time to buy either
The bars pattern is extremely speculative, I have no idea where the price might top, just that its headed up after the transition
Bullish Bat That Will Likely Be Tested on the New Day OpenWe will likely know rather or not this Bat means anything around the open of the new day. if it goes against us don't hesitate to exit but if BCH were to bullishly turn around for a bit this would be where it would be.
