BCH - 07/10/23BCH
Setting up lines to target the break of this POI at $234 if it breaks I will look for a long if it flips supply into demand!
BCHUSDT.P trade ideas
BCH: Bitcoin Cash is Getting Ready For Another Deep DiveBCH: Bitcoin Cash is Getting Ready For Another Deep Dive
In my opinion, Bitcoin Cash has already reached the top near 255 and we can see a bearish corrective move over the next few days.
The price is creating a "bearish triangle pattern" and this is increasing the chances of more price decline.
I am looking for a possible move down with the 215 and 205 targets
You may find more details in the chart!
Thank you and Good Luck!
BCHUSDT LONG IDEABCHUSDT has breakout TR and now after pullback we can see pin bar and entry bar.
ENTRY:230
TP1:243.1
TP2:252.7
SL:223.7
BCH Scalp SHORTHi traders.As you can see, after a good growth, BCH has created a lot of imbalances that need to be filled. In my view, the price is ready for a short position.
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BCHUSD ❕ under the resistanceBCH broke down through 50EMA (1H TF)
RSI is moving in the bearish zone.
I believe the asset will continue to decline.
End wave 2 with abc correctionWell it looks like a buyzone again, looks like an abc correction end of wave 2 now heading for the wave 3. Aim for the 478.3. Put stoploss below the low.
BCH/USDT1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN CASH update from Crypto Sanders.
Chart Analysis:- Bitcoin cash (BCH) was a notable gainer on Monday, as the token rose to a two-month high to start the month.
BCH/USD peaked at 246.98 earlier in the day, after trading at a low of 233.74 during Sunday’s session.
This was the strongest point that Bitcoin cash has hit since July 31, when the price reached a high of 259.00
today’s move comes after a key resistance level of 245.00 was briefly broken, bulls have gone on to retreat from earlier positions.
One reason for this was a collision that occurred on the relative strength index (RSI), which hit the 70.00 resistance point.
Currently, the index is tracking at 69.53, with BCH at 243.30 as of writing.
I have tried to bring the best possible results in this chart.
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bchHello guys, bch is completing wave c of its b. A diagonal pattern ending with 5 microwaves, which has a very long wave 1. Be careful. I see a bloody week for the market.
BCH/USDT breakout of vertical channel resistance and a bullish sThe BCH/USDT trading pair has experienced a breakout from the resistance of a vertical channel, indicating a bullish signal. The target price for this bullish movement is set at $266, which is determined by the height of the channel. However, if the price drops and closes below the level that was previously acting as resistance (and is now expected to act as support), a stop loss should be triggered. The request also seems to ask for a description of a trading position based on this analysis.
BCH target 394 (risk to reward ratio 9.5)2h time frame
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BCH is breaking out the divergence structure, if maintaining current momentum, we can see the 2nd pumping wave from here, there are 3 resistances for us to set up a trading with high risk to reward ratio(9.5).
TP: 246.7~256.25 / 295.8 / 360~394
SL: 223
BCHUSDT SHORT HARMONICS IDEAIF the price reaches the 1.6-ish zone, I would wait for a reaction for a short. Looks nice this area because we have here a weekly + if the price contious this moving speed, we can have a fib.time confluence too.
SL would be above the top, main goal is the bottom of the A point.
BCH Going UPAccording to BCH, a strong maximum has formed, a local trade is being formed above the level, behind which there are clusters of shortists waiting for the continuation of shorts after an impulse stabbing. Anyway, the price after the roll-in did not fall below 214, which still remains a long sign. Large limit orders are noticeable on the glass, pushing the price to continue longs — the dominance of demand over supply. Consolidation is taking place, which I expect to exit before updating the local maximum
Bitcoin Cash BCH - long trade #16Hello colleagues!
While bitcoin is once again stuck in a narrow consolidation, we have found an interesting short-term trade that we want to take.
After a successful local growth wave on September 11, the BCH price began a correction. Since 22 September, sellers have twice updated local lows. However, they failed to gain a foothold below the $205-207 range.
Given the nature of the fall in the BCH price since September 19 , sellers do not have the strength to continue the pressure.
In our opinion, a new wave of BCH's likely decline may begin after the local high of $218.9 is updated. At this point, it will become clear whether the local wave of growth is part of a correction or a new growth momentum that will easily reach the medium-term target in the $225-229 range.
However, we are interested in a short-term trade with the following parameters:
Enter =205-207$.
Stop = 201.7 (- 2.14%)
TP = 218.46 (+5.99%)
P/L ratio = 2.8
We are again placing a fairly short stop order, as if buyers are weak in the $205-207 range, the price of BCH could fall sharply below $195, where we would once again take a risk on buying BCH.
We allocate $5,000 for this trade. In case of a mistake, we will receive a loss of $107 . If the trade works out, we will get a profit of $299.5
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) was a notable gainer in today’s session, as the cryptocurrency climbed for a second straight day.
Following a low of 206.86 to start the week, BCH/USD peaked at 213.89 earlier in today’s session.
The move saw bitcoin cash close in on a resistance level of 225, which was last reached on September 18.
the move comes as the 10-day (red) moving average remained above its 25-day (blue) counterpart.
the relative strength index (RSI) has broken out of a ceiling at 52.00 and is now tracking at 54.50.
A point of resistance at 60.00 now seems to be the next target for bulls, and if hit, BCH will more than likely be above 225.
I have tried to bring the best possible outcome to this chart.
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BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
bch chartHello friends. The bch chart is finishing wave 2, a correction from 3 out of 5. The second primary wave was stretched, so wave 5 will finally move up to the ceiling of wave 3, i.e. around $330.
I think the entry point is 206 dollars without risk. Be profitable.
BCH Long ScalpTrading with a risk ratio of 2:1, due to the current context, you should not be greedy, and you should not be adventurous.
A strong movement upward with a quick and simple gain, God willing.
Gaining 5% in current context is good.
Gaining 10% is amazing.
Bitcoin Cash on the riseHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash reached upper bound of 200-220 resistance area on the news that Grayscale won case against SEC. This didn't last long though. Basically on the next day all optimism gone from the markets and price started to plunge again.
Unlike Bitcoin, which returned to 26k, Bitcoin Cash stayed within resistance area and didn't plunge under 200 price level. This is good news for Bitcoin Cash since if there will be some correction on Bitcoin then BCH price can rise up to 230-240 levels. But in mid-term I don't expect that Bitcoin Cash will rise much higher than 240 price and most likely it will continue to plunge.
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BCHUSDT 1DPay attention to #BCH here. Expecting upward movement. I'm bullish on it and bought a bag of it. Targets are on my chart.
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short-Term basis and Neutral on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $140 – $150. The nearest Resistance Zone is $200, which it broke, then $250 and $330.
