BITCOIN CASH SHOWS INTERESTING TRENDSHello trading friends,
Bitcoin cash shows interesting trends also in a time when bitcoin breakdown, what means this for coming time.
we could see a BCH what increases to the target of 600 usd+
Know that this is trading and if bitcoin breakdown huge - that this will affect most of the coins. but the TA of BCH looks at this moment good.
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# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
BCH
ETH AnalysisAs you know, hardfork London will come soon and many analytics say that the position of Ethereum will strengthen. Moreover, many say that capitalisation of it will become many times bigger. However, let’s have a look at the chart and speak about technicals.
Well, as you can see, there is a strong uptrend. Keltner Channel plays role of s strong support. Moreover, it respects Regression Chanel. However, the trend may reverse on many reasons, thus it’s important to take in account the possibility of trend reverse. Judging by all these arguments I see two scenarios.
Scenario A:
The price will continue to retrace up to the “golden pocket”. Therefore, it’ll continue to respect the regression Channel.
Scenario B:
The price will reverse and go even lower, than it’s now.
In my opinion the first scenario is more probable cause the update of Ethereum seems to be really great. However, the market may give us a surprise.
BTC (UPDATE)Last weekend, the bulls tested the 50% Fibo level (42447.90) twice, but the volume of purchases failed to increase, therefore, it was not possible to break above this resistance.
On the first day of August, the bitcoin price marked a two-month high around 42615, and this morning the pair has pulled back below forty thousand.Around 39500, the decline has slowed down and buyers are trying to restore the price, but the volumes are still below average, so at the beginning of this week the decline may continue to the 38.2% Fibonacci level (37150.24).
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BNB/USDTBNB daily candle close with a huge rejection wick. BNB still trading at the resistance area.
Wait for few more days as we may see another try to break the resistance area.
If BNB unable to break the resistance then we will see a retest of the $290 - $300 support and if this also not hold then we see a retest of major support zone of $200 - $250
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BTC (UPDATE)Bitcoin breaks the $40500 - $41000 support.
Bitcoin is now bouncing from the $39300 support area and need to hold above this to again retest the $42000 - $42500 resistance.
If BTC breaks the $39300 support then we see retest of the $37700 support.
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BCH - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BCH is sitting around strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: BCH is forming an inverse head and shoulders pattern but it is still an idea. so we are waiting for the right shoulder to form to consider it valid. (projection in purple)
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BCH Buy the break.BCHUSD - Intraday - We look to Buy a break of 454.4 (stop at 442.4)
A break of bespoke resistance at 450.0, and the move higher is already underway.
The previous swing high is located at 453.
Short term bias is bullish.
Our profit targets will be 488.8 and 49.8
Resistance: 450.0 / 460.0 / 480.0
Support: 440.0 / 430.0 / 420.0
BTC/USDTBTC once again trading above $40000
After the Amazon FUD drop (which we told you wouldn’t take longer than a day to be bought back up) BTC has broken once again above our new POC (Point Of Control) at $38735 and reached our golden resistance at $40000
Buyer are gaining strength every single second, and they’re likely pushing price much higher in the next 3 days.
Our most important short term support for now lies at $38715 while our most important mid/long term support has become $34000 (a level we shouldn’t even get near to if we are to go higher)
BTC (UPDATE)What a massive pump it was! We made +25% profit at the top point. The strong resistance of $36000 was easily broken and now BTC trades above the $38000 support.
The priority is bullish as long as the price remains above the $36000 support. The next strong resistance is located at the $40000 - $41000 zone.
Want to remind you that if we see a dump below the $36000 support and closure below it, the upwards scenario will be ruined. There are still some chances that it was just a massive SHORT squeeze (especially if take a look at the Binance Futures huge upward shadow).
BTC (UPDATE)BTC has reached Resistance 2 and as of now, it is getting rejected from this point. Rejection from this level won't be good for BTC and could lead the price back to $33000. On the other hand, we could also expect the price to reach $35500 (Resistance 3) but only if it breakout and close above Resistance 2.
Remember that we are a few hours away from the weekly close for BTC and the table can turn in any direction.
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THE TOP 3 COINS FOR COMING TIME - BCH SKL BTC - TO THE MOON!Hello trading friends,
This is our TOP 3 coins for the coming time.
Skale network - Bitcoin - Bitcoin cash
This coins choice by trend study and market analysis depending on the high whale tool including trends and historical data. this is an expecting trend, as you know there is noting called 100% into crypto - but we have high expectations. for live trends, we will update coming time the market directly show for these top 3 coins.
We expect an increasing trend on all these 3 coins.
Skale network - did hit before 1 USD - have huge interesting targets.
Bch did increase into short term above 1200 USD with the good interesting trend by roger ver and market show.
BTC, The main target 33800+
These is our top coins.
Manage your risk, and have a great time.
Follow and like to stay always update us new chart upload.
Thank you
BCH SHOWS SIGNAL FOR INCREASE TREND - Hello trading friends,
BCH looks to enter a new increase trend, we know BCH and have seen the history of it, and the Chinese trend this coin can get.
TA and trends show that BCH can go into new increase trend for since a long time.
Manage your risk and trade safe!
Soon more about BCH
BCH's Double Bottom will Lead to....Bitcoin Cash (BCH) was trading back near the $382 low but the price failed to break below and is now in the process of developing a double bottom pattern. If BCH’s moves continue to be supported above the $382 support level, this temporary bottom can provide more fuel to the bulls.
Downward Sloping Trendline
The bulls need to overcome the downward sloping trendline that connects a series of highs starting from May’s high of $810. A daily break and close above this trendline can cement the bullish trade signal.
To the upside, the first level of interest comes at the $550 resistance level, followed by $760. A daily close above the big psychological number of $550 can open up the door for more upside. However, at the same time, we should not forget that the current bearish cycle in the cryptocurrency market is not over yet, and rallies tend to be short-lived.
RSI Momentum Readings
RSI oscillator continues to print negative momentum readings below the mid-level 50. The bearish momentum readings suggest that the current rally still lacks momentum, so bulls need to remain cautious. A break above the RSI mid-level 50 can confirm a shift in the momentum direction.
BTC (Update)BTC broke our resistance level $32177 but as I have mentioned earlier, even though BTC breaks the resistance level, it still needs to break the 100 DMA and the upper trendline.
Currently, the 100 DMA is denying the BTC price and we can see it getting rejected.
Could this be a rejection back to Support 1 or a breakout above the $33k? Let's see!
BCH/USD - Wave 5 in case of a bullish continuationIn case of a bullish continuation and a wave 5 together with bitcoin, this could lead to a 3k-5k in price considering the fibonacci levels.
It is not certain yet that a wave 5 will follow. If bitcoin does not manage to proceed with a wave 5 during the next month or two, this idea might get invalidated.
A Wonderful Buy The Dip Opportunity of Bitcoin Cash (BCH)Down channel:
On the daily time frame since the month of May 2021 the price action of Bitcoin cash is moving in down the channel. After hitting the support of this down channel on 22nd June the price line reached the resistance and for the past several days, the price action is still moving at the resistance of this down channel and not reaching the support again.
Support and resistance and SMAs:
On the weekly time frame it can be seen that after getting rejected by the strong resistance of $1,600 the price line of Bitcoin cash has moved down drastically. It can be also observed that priceline has finally found very strong support at $400 level and this is key level support for the price action of BCH. Because previously it has been working as a support and resistance as well.
Now the next resistance is at $600, $750, $1000, $1600, $1800, $2200, $3000 and $4000 respectively.
At the same time, the price action is also moving at the 50 simple moving average support and after that, we have the 100 simple moving average support on the same weekly time frame chart.
Big shark:
On the 4-day chart, the price action o BCH has formed a bullish Shark pattern. The priceline has already visited the oversold zone as it was dropped up to $468 and moved up. However, this time the priceline has completely entered the buying zone of bullish Shark and giving another chance to catch it from the buying zone of this pattern. There is also 100 simple moving average support in the potential reversal zone. The buy and sell targets as per the Fibonacci sequence of this bullish Shark are:
Buy between: $530 to $340
Sell between: $789 to $1265.42
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $340. As per the above targets, this trade has a profit possibility of 270%, and a high loss possibility of up to 36%.
Conclusion:
Even though recently the price action of Bitcoin cash faced strong downtrend on the short-term and the mid-term. But the way the price and is moving at the resistance and making several attempts to break out the resistance of the down channel and the formation of a very big bull Shark are signaling a massive break out soon.
#HEX is running away is 29 cents incoming!!!this seems to be a bear market
I hope for a V shape recovery
but it may only be a bounce
but HEX is a runaway BULL Market
BCH 1D Waiting for Bitcoin Cash at $20,000 and there is no typo)In our portfolio of ideas, a series of accurate predictions for the BCHUSDT pair have gathered, it's time to continue it)
In January 2021, we wrote about buying BCH at $380 and possible sales at $1200
Further in May, they wrote that growth to $1,700 is still possible, and this is what happened, after which the cryptocurrency market collapsed together.
The price of BCHUSD fell by -77% - a lot, but another thing is interesting, the fall was aggressively bought off twice from $380-400 .
That there is an aggressive buyer, we wrote in the previous ideas.
This combination of information suggests that the real bull run on the BCH chart is yet to come.
We think that below $400, buyers will not let the Bitcoin Cash price drop, that is, it is logical to try to gain longs with a grid on a spot in the $400-450 zone.
The first top targets are $1500-1650.
Correction to $750 and you can dream of moving towards ATH, which is close to $4000.
If the holders of 2017 say: $4000 is not enough for us - this is just our break-even point, but how can we make money?, We will say - it is not a problem)
For you, the market has the levels for growth of $12,000 and $20,000 , respectively)
We will take this global idea as a basis and as we grow, we will add additions to it.
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