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BCH

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
KRAKEN:BCHUSDLong
by Critique-al-Thinker
1
WILL BITCOIN CASH BREAK OUT!! MASSIVE GAINS AHEAD FOR ALTS!!Bitcoin cash has been within an ascending triangle since the may high and i have been paying close attention to the behaviour on the charts. I have key areas on the chart and BCH/USD has been reacting just as i expected! Using the volume profile tool i measured within the triangle and have them marked out on the chart as POC (point of control) , VAH (value area high) VAL (value area low), as you see on the chart with this abc correction BCH/USD had a nice bounce from the VAL, and also confluence of the trendline from the bottom of the ascending triangle! I will be now waiting for a reaction in and around the yellow line area on the chart potentailly for the top of a new wave one, i will then draw my fibs from swing high to low and look to add to my current position, by laddering my limit orders from the 0.618, 0.5 and the 0.382, with a stop loss under the swing low/VAL! As you can see on the 4 hour RSI we have broken resistance, which usually means a new impulse wave.. Is this a new wave one ? I will be following up with more alt coins so give me a follow, the alt market is starting ladies and gents, lets make maximum profits from this massive run up thats coming !!!!
Long
by LONDON_XRP
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.
COINBASE:BCHUSDLong
by BernardMikhail1
Bitcoin Cash price analysisBitcoin Cash price analysis suggests upwards movement to $700 The closest support level lies at $640 BCH faces resistance at the $680 mark. The Bitcoin Cash price analysis shows that after failing to climb above the $720.00 mark, the sellers broke the $680.00 support level as BCH returned to the $640.00 mark. Since then,the price has recovered to the $660 mark as the buyers defended the support level. The broader cryptocurrency market has observed a bullish market sentiment over the last 24-hours as most major cryptocurrencies record positive price movements. Major players include AVAX and DOGE recording a 9.38 and a 7.75 percent incline, respectively.
COINBASE:BCHUSDLong
by ExpressTradeAcademy