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BCHUSD

Overview of accumulation breakout patternsWelcome to my new educational post As you can see in BCH/USDT chart, One weekly green candle is enough to overcome 1 year of bear/consolidation zone !! If you are surprised, let me tell you this is very normal behavior in crypto market as we saw this happened many times before Another example : DOGE / USD When to expect a coin to explode like that ? The accumulation pattern have many stages 1- After a period of bear market starts to deccelerate the price action becomes flat and usually take long time of horizontal accumulation between main supply and main demand (weeks / months / years ) 2- Multiple fakeouts can happen to make both buyers and sellers exhausted *The best buy (smart money) after the price reclaim the main demand after stoploss taken the second best buy after valid breakout (candle closing) The shorting is the vice-versa 3 - Finally the strong breakout take place and overcome many weeks / months or even years of bear / consolidation/ accumulation zone 4- After the coin make breakout many traders will avoid it in the early breakout but it will continue rise and rise ..and every time it rises more it becomes more risky Later it will turn to be crowded coin and many newcomers buy it at very high prices at this stage it becomes a gamble and MM will sell their profits on newbies Note : The distribution phase is the opposite of accumulation phase Note : not all coins can survive bear market, So the fundamental view has great role to support the coin I can tell you about potential coins in accumulation now which have chance to do similar thing : #FTT - #DYDX DO you know another potential coins in accumulation ? Tell me in comment section below ⬇️
Education
by Babenski
49
Catching the BOTTOM for altcoins? NO!If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be. Catching the absolute bottom is very hard and not many persons can do it. Most likely you will have to wait many months until you will be at the break even or you will make profit. Altcoins after dropping 90 % from the all time high can still drop another 90 %! In this analysis, we are going to have a look at BITCOIN CASH and NEO that were top movers in 2017 bull market and Solana which was a top gainer in 2021 bull market. Bitcoin cash: - If investors were trying to catch the bottom when BCH dropped 77 % from its ATH, they were down 92 % when BCH found its real bottom. - It took 48 months until investors were at the break even - The price never reached ATH from 2017 again. As we can see, NEO which was another top mover in 2017 didn´t reach its previous ath in 2021 bull market: More examples? XRP, XLM, DASH, IOTA SOLANA (just an example. We have nothing against the project or its team): Do you think that Solana will be different? Maybe? Ok. It did very well in 2021 and most likely, it won´t do super good in the next bull market in 2023 or 2024! Why? Because there will be many new coins with a new hype and without bag holders. Conclusion: - Dollar cost average into Bitcoin instead of your favourite altcoins. If you want to DCA into altcoins, don´t throw all your money in as your favourite altcoins can drop always another 90 % and nobody knows how much they will recover! - Waiting for new coins without bag holders may be not bad idea - Bitcoins is a safe bet! - Altcoins = high risk Feel free to share your opinion in the comment section!
BITFINEX:NEOUSDEducation
by vf_investment
10
BTCUSD: Does opinion of crypto influencers matter?Influencer Social Market Sentiment is one of the 6 types of social alerts that RoninAi project is producing. The 6 types of social alerts are presented below: 1. Market Manipulation Alert 2. Market Trend Reversal Index 3. Market Trend Intensity Indicator 4. Market Top and Bottom Index 5. Influencer Social Market Sentiment 6. Institutional Volume Signals When Crypto Influencers speak up on Twitter, we collect their tweet sentiment and produce an index. Recent results of how Influencer Social Market Sentiment caught the recent rally? Entry: Jul 4, 2020 at 2:09AM EST Exit: Jul 8, 2020 at 7:16PM EST Return = 3.9% with almost no drawdown. These Social Alerts are good for COINBASE:BTCUSD , COINBASE:ETHUSD , COINBASE:LTCUSD , COINBASE:BCHUSD , and COINBASE:XRPUSD . For more info, feel free to drop your questions in the comments.
BITFINEX:BTCUSDEducation
by PeterBorovykh
2
BCHBTC LONGTake a look guys, falling wedge since its creation. 2 years and a half of going lower against BTC. But that's about to change now. BCH has huge potential, many believe it's just a scam coin or similar. That's not the case, the development behind BCH is huge, only ETH has more developers. Big innovations are expected for this one, especially the avalanche protocol. Also an another fundamental reason is the halving happening in 114 days by now. In my opinion considering the previous halving events for BTC and LTC, this could propel the price much higher, something which should happen with a local top around the end of march or early April. Right now we are almost at historical minimums against BTC. Bear in my mind BCH halving comes before BTC, therefore whales will try to maximise their profits by first riding the hype of BCH then the hype of BTC. From a technical point of view you can notice that BCH is knocking on the upper line of the channel, that means it's drying the sellers and trying to propel higher. Given that BCH has a history of big explosions towards the upside, IF it breaks accordingly we are gonna see huge volatility. BCH/USD is at 5% from it's ATH against USD, the months before the HALVING, LTC reached a 30% value from it's ATH, if this was the case for BCH (it doesn't have to be, because past events don't correlate with future) we could see it around 1200$ before the halving. It sounds crazy but it could be the case. Do your own research, don't read just one analysis. I am not a financial advisor, this is for educational purpose only.
Education
by darkpiggie
EW Analysis: BTCUSD And Friends In The Corrective PhaseHello traders! Welcome to the Crypto Quick Overview chart with major cryptocurrencies of BTCUSD, ETHUSD, LTCUSD, DSHUSD , XRPUSD and BCHUSD in which we will show you how the cryptocurrencies look from Elliott Wave perspective. In the Crypto market it's important to respect correlations, because they are most of the time moving together in positive correlation. Of course, there are no tick by tick correlations, but when analyzing it's very recommended to respect them! Well, what we currently see is a corrective development within downtrend in all major cryptocurrencies, which means that Cryptos can see more weakness in the upcoming sessions, so they can be easily headed back new lows after these slow price actions and choppy + overlapped wave structures! What we want to say is that don't fall in love with bulls just yet, because we see room for another, maybe the final wave down in the higher time frame charts and once/if they hit new lows, this is when we will expect a bullish reversal, but as always we need confirmations, which we currently don't have them yet! Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
1
BCH: Perfect S&R Zones!..both for a bottom fishing trade, and for the future breakout. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
COINBASE:BCHUSDEducation
by Edgy_
Trade Review BSV: Perfect Head & Shoulders Breakout!Hello crypto friends, I wanted to post about this setups on BSV last week (and also BCH), I totally forgot about it unfortunately because of all the other setups that we had going on. Just wanted to show you how perfectly the Head & Shoulders played out, giving up to 40% on profits. With BCH the pattern was more complex, but nonetheless we broke the neckline here also: If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
BEducation
by Edgy_
Cryptogame - Margin Battle Another chart. I have too many other charts to put here, which I will add in description later. There is a lot going on behind the scene. Bitmex 100x leveraged trading has had a clear impact on the cryptomarket. Other leveraged trading options at Bitfinex for alts are playing a major role and have resulted in wicks which are not ignorable. Currently the alts have too many long positions compared to shorts, where as BTC and only 2-3 others alts have more shorts than longs. Of course there are always other aspects to look at and clearly have an impact on the inter- and intraday prices. Please leave a comment (healthy discussion please) and click on the agree button if you do agree or like this chart. Thanks.
BITSTAMP:BTCUSDEducation
by UnknownUnicorn995432
Cryptogame - The Order In The ChaosHi everyone. I hope everyone is fine and doing well. Sorry I have been very busy at work these days hence was unable to post anything. The previous chart was getting too 'long' for the updates, hence I am posting this one. Many things in the pipeline. EOS and TRX have their main-net launch dates within the next few days. Still, because of the overall market sentiment, the regulatory clouds, CFTC investigations/probes into BTC price manipulation in the market (they FINALLY figured out something was wrong lol!), the SEC focus on ETH being a security (or not), the price of BTC is not going up. All the bulls who said that institutional money will be coming in soon... well, still waiting since the 22nd of December 2017. This year is likely going to be similar to 2014 in my honest opinion, but mainly for BTC. I think some of the alt coins (EOS, IOTA, ADA, XLM for instance - may be BCH) will do well. There is another coin - RadixDLT. I have read their white paper and it looks very promising. The team is very polite and the main devs do respond to email queries themselves. Plus they are British! And since I live in UK and absolutely love the country, I will buy this one when it launches later this year. I will keep updating the charts and also share my thoughts here. Please feel free to ask me any questions or send me a pm and I will aim to reply within 24 hours. Over the past few weeks, many 'bullish' calls have been made by hedge fund managers and billionaire investors. And also by other billionaires (like Warren Buffet) calling all cryptos a scam. The answer - everything is a scam! You need to learn how to use the market to your advantage. Don't get caught up with what others say. Everyone has an agenda. Rather than relying on one source, gather as much information as you can about the crypto you want to trade. Always look at the BTC chart because even the most powerful pump or rally can be killed by a falling BTC. If BTC is overbought, then it will have some correction. It can kill almost any rally or pump instantly. So be careful. BTC is the common denominator and is the main index against which all the cryptos are valued. Do your own research first. Don't invest 100% unless you are sure about what you are doing and have a contingency plan. If you are margin trading, then your investment is automatically exposed to an exponentially higher level of risk. So be careful and only invest the money you are prepared to lose. About this chart. This is on a weekly scale and I have chosen the Bitstamp BTCUSD chart this time. One of the main reasons is that this is the longest time-frame chart that we can look at for BTCUSD pair and hence has more data than other exchanges. The three indicators used are RSI, DMI (Directional Movement Index) and Stoch. I find that when I use these in conjunction and pitted against each other, they do provide a better insight than others. Of course there are hundreds of other useful indicators available. You should use the ones which you are more comfortable with. The overall market volume is the key here. It has been dropping steadily over the past few days. I have a feeling that BTC will visit the $5000-$6000 range soon, but I could be wrong. Wish everyone all the best!
BITSTAMP:BTCUSDEducation
by UnknownUnicorn995432
7
BCHUSD 240 - A Lesson LearnedI believe that we learn more from our mistakes than our successes, so I wanted to share a mistake today. Though this may not be a trading idea as such, I thought this might be interesting to some readers on here. If it’s not, then at least it is a good way for me to describe the lesson I learned here, making it educational to myself. All in all, nothing lost there! A few days ago, I noticed a bearish triangle on the BCHUSD 240 chart (see ). In a previous post, I had come to a price objective of $1130-$1070, so I took a short position within the triangle at the top line, around $1215. I had set a stop-loss above the triangle itself and was feeling pretty confident about it. Time passed, and BCHUSD start making an aggressive move upwards, breaking the triangle upwards. However, volume didn’t seem to confirm this is a real breakout for me, so I stuck to my original conclusion. A little while later, I was stopped out as BCHUSD reached $1280 (where I had set my stop-loss). Reflecting upon this, I feel there’s a valuable lesson I learned here: keep evaluating your scenarios. When the triangle was broken upwards, I had expected a little throw-over before a move downwards to the area around $1100. At this point, I should have considered another possibility: that BCHUSD was going to make a WXYXZ-formation instead of sticking to the WXY-formation I had spotted in my original BCHUSD-post. In previous analysis, I had seen that BCHUSD tends to correct around 50% in a retracement, which would have altered my perception of the situation unfolding to this: Though the price objective for Z would have stayed the same for me, it would have gotten me thinking about the second X in that formation. My original stop-loss was based on the height of the triangle, not on a possible larger retracement. I should have considered this is a very likely possibility. This would have given me the following adjusted parameters for this trade: Considering a 50% retracement on the previous XY-wave would have given me a new target for shorting BCHUSD at around $1300. A new stop-loss would, for me, be above a 78,6% retracement of that same wave if combined with increasing volume in the uptrend. These new numbers would have made me increase my short position along the ride up to $1300, with a price objective of $1100 and a stop-loss of $1425, giving a decent R:R-ratio on this particular trade. Of course, after being stopped out and examining the chart, I did take a new short position at $1300 (as did many others, it would seem), and made up for my previous losses. Nevertheless, for me today’s lesson is: keep evaluating and thinking in alternatives. So, now what? Where is Z going? To be frank, I don’t know. I still consider the present price zone to be solid enough, though we even might break lower. However, I’d need more confirmation on that possibility before considering a new short position. For the time being, I’m happy to wait the next day or two out and see what happens. Who knows, we might even go into the area between $900-$850, which I considered a more drastic scenario a few days ago. I will not consider that a very likely scenario until we break the psychological $1000 barrier with volume confirmation.
BEducation
by Pvgeldrop
How I've been trading BCHWe all know what's going on with BCH and BTC. I'm not entirely sure where we stand, so there's not much I can say, unrelated to my chart. Here is what I notice: Bollinger bands contract when preparing to break out, this is very common with Bollinger bands. When price starts going up, buyer volume slowly increases in a near-linear manner. When sellers come, seller volume slowly decreases, and decrease of volume is increased as gets closer to next bull cycle. RSI shows oversold on all 3 "correction" bounces, before it started going back up. You can use that for a signal of potential upward movement. We've had a few falling wedges and pennants since yesterday, you know what those do. See how you can use this.
KRAKEN:BCHUSDEducation
by JCBCrypto