BCHUSDT.PS trade ideas
BCHUSDT Market AnalysisFrom the 4 hours chart we do found a valid double top, also there's a divergence after getting a red candle. Looking on the RSI, our first top was in the overbought scenario and our divergence does exists, with that being the case, as you can see market crashed after getting that double top at a major level of resistance. Also we need to find next potential level that could be a buy points where we can use the contrast of double top which is double bottom pattern. Now we are expecting the price heading back to 270 while with some small swings in the middle when forming that.
BCH/USDTBCH/USDT Binance 1h Chart Reached the resistance line ,
If Resistance Break Next Resistance Available,
If not Break Then Next Support Line Available,
BCH/USDTBHC Break the last Resistance and close to next Resistance
If Resistance Break follow Long
If Resistance Not Break Follow Short
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One day analysis of BCHUSDTThe price is marching up again and it's highly like to break the previous swing high in order to keep the uptrend. On 15mins timeframe we saw a temporarily double top and now it has been broken. All we are waiting for is a double top on 4 hours chart and this could indicate another move up in the next few hours
One day analysis of BCHUSDTBlitz Bull: As long as the price didn't break down the previous swing low, we are still under an uptrend, and this support level is valid. What we are expecting now is it will head to our next resistance which would be nearly the previous swing high.
Blitz Bear: Price will keep retreating and eventually test the next support level where before has been a high-value area. then it'd likely encounter the drastic buy power.
BCHUSDT Market AnalysisBlitz Bear: We need to confirm if the price failed to make new higher highs, that is, there's not enough buying pressure for the price to continue higher in this uptrend. Secondly, We are looking for the price making higher highs, while RSI to be making lower highs, In this divergence situation, it is an indication for reversal in price and we are expecting a double top scenario to help to confirm. To verify the possible double top pattern, a candle needs to test the previous swing high again( white box area), the wick or the body of the candle can be inside the box but the body cannot exceed the white box, then selling to go short.
Blitz Bull: It's quite normal that the market needs a pause from the rally up and the price will keep soaring to the next resistance level roughly 384 after the pullback. Or it could start a new consolidation area between support 316 and the current swing high.
BCH is below the MA20 brick Resistance After the breakdown of the support line in the weekly timeframe, BCH is below the MA20 brick Resistance in Renko chart. If it breaks up, it can be considered as an early signal about the possibility of an upward trend in the future. Confirmation of this will depend on the breakup of the moving average of 40 bricks.
One day analysis of BCHUSDTSeems like it has created a reversal to uptrend and we are expecting a pullback to form a higher low. Still has a little space for a rally up in order to test the next resistant level
BCH 30 minutes time frame shows sharp bullish wave in a bearish channel. Therefore yet there is no reversal signal or pattern traders should wait for fate of market.
Bitcoin CashHello traders. I expect the price to fall to the bottom of the bearish channel and reach $ 130. Be profitable
BCH analysisThe price has reached the resistance zone and RSI just hit over-buy area. It is very likely a small pull back would be happening. For now it's still under a consolidation area and we didn't see an exact evidence of breaking the consolidation. Will need to check if the pullback can stand above 300 then we can look for a long trade.
BSVUSDT SHORT - LONGLooks to me BCH didn't find bottom yet. Two levels to watch and even butterfly pattern can be filled.
BCH This is a good time to start buying
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One day analysis of BCHUSDTfirst check the 4-hour chart, the downtrend triangle chose to break down to the downside, then in the 1-hour timeframe, it pullbacks and tested the resistance level while forming a double top. Now to confirm if this short-term reversal works, we will need to see some selling pressures to help us short the market. If the next candle closes above the blue box, It's a bad signal for bears.
BCHUSDT Market AnalysisThe support level has been broken with great volume. In a downtrend with the price creating a lower low, the previous low is slated to break thus 262 is not able to be a support anymore. The next support we can find in the history chart is at 237. Now the price is trying to pull back but resisted by the used to be a support but now-resistance level. It could get a chance to touch MA50 first though then go down again.
Looks Like BCH Might Have Some LegsTypically don't speculate on anything with Bitcoin in its name but BCH looks like it might have legs. Waiting for a better entry and I'll determine that on LTF but TP1 383, TP2 435, and TP3 in the 490-510 range.
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. Te price has had a sharp fall in the bearish channel. It has shown reaction to the S1 line. You can set a Buy order here for the R1 area which is a supply area and also R2. The S2 zone is also another good area where you can set another Buy order. You can set two Buy orders. One at the S1 line and the other at the S2 zone for the next resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
usAnalysis BCHUSDTHello friends,
Welcome to these analyses about BCHUSDT , we take look at the 1D time frame.
Support points ( 260 . 235 )
And
Resistance points ( 380 . 490 . 560 . 780 . 1100 )
Has been specified
The information is provided only for educational purposes, and should not be used to take action in the markets.
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One day analysis of BCHUSDTIn 15mins chart we can spot a downtrend triangle, In this type of consolidation, the ultimate direction is still going down when we are under a big downtrend. With the volume winding down from the left to the right side, It could be a good chance to sell out when this triangle is broken down. Or after breakout the downside, it should have a pullback with meager volume, while below the horizontal neckline of the triangle.
