Bitcoin China Ban, what next? This has happened before.
Back in 2017 September, China banned Bitcoin,
things were unclear, a lot of uncertainty, people were scared, many called for the end of uptrend.
Might happen again, just a perspective.
BCH
BTC UPDATE (DAILY)❗️Hey hey my friends 👋
BTC here, wanting to see this daily close and hold this next candle above the 200 MA
Once we do that we need to break back into the falling wedgie pattern we broke out of, otherwise we will see a daily bearish re-test confirming more downside is probable
BCH did one of the healthiest retest of its early breakout! As you can see BCH managed to do an amazing retest, crashing below its breakout levels. I am not a huge fan of BCH but it has definitely a really good chart. ETH just only managed to retest it's parabolic breakout, so if you are looking for an undervalued coin here you have it!
---------------- Check the charts attached to get our skills ---------------------
Some of our latest results:
ETH: short: 4320$ stop out 4454$
---> 1st target 2500$
----> 2nd target 2000$
profit(spot):52% | profit(5xLeverage): 258%
BTC: short 51k$ stop out 52k$ --->Profit: 240% (5xleverage)
------> 1st target: 33k$
------> 2nd target 30k$
Open long: 33k$ -31k$ ---> stop out 29250$. ----(Modified to break even: now we are risk of from the bottom)
Pending:
1st target: 55k
2nd target: 58-60k
Open long: 2k$ ---> stop out 1920$. ----(Modified to break even stop up to 2200$: now we are risk of from the bottom)
Pending:
1st target: 4000$
2nd target: 4200$
Thank you guy being a member of our community!
community.protradersnetwork.com
May 21 BTCUSD Bybit Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 21th .
This is an analysis on the 20th.
Sky Blue Finger Movement Path
Failing to break through the red resistance line , sideway move finish.
Up to $5870 profit segment
Congratulations to all the profitable people.
4 hours chart.
I have marked each major section.
Check the price of the top / bottom section
Please check the upward / downward movement path.
Larger red resistance line / green support line
Within the convergence section, a trading strategy was created.
This is today's trading strategy.
It's a 30-minute chart long position strategy.
At your current location,
* Red arrow on the path of movement,
Long position strategy.
Stop loss is the green support line.
Check the target price at the top
Entering the $37475 long position -> $44686 It is waiting after liquidation.
(Short position operation is also good in the short term)
*On the path of the sky blue finger movement,
Short -> Long switching strategy
Red Resistance Line Stop Loss / Short
Purple Support Line Stop Loss / Long
That’s it for today’s strategy.
We hope that you operate safely as principle trading / stop loss is essential.
Thanks for reading.
BCHUSD - TECHNICAL OVERVIEW FOR DAILY & WEEKLY TIMEFRAMEWelcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
BCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We have specified the resistance ahead for you, we can enter the trade in case of break and pullback
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
BCHUSDT If panic sets in for hourstargets 90% is true .
in this chart there is 3 things that might happen .
But still the targets are the same
The probability of breaking the support should be small.
But when main supports breaks makes panics then price crash for hours !
🆓Bitcoin Cash (BCH) May-19 #BCH $BCHWe can start accumulating BCH at 2 zones : 800$ and 900$ zone.
BCH can generate new rally up to 1300$, 1700$ and even 2000$ in June
📈BUY
-Buy: 900-940$. SL if B
-Buy: 1270-1330$ if A. SL if B
📉SELL
-Sell: 1270-1330$. SL if A
-Sell: 1660-1740$. SL if A
-Sell: 1950-2050$. SL if A
♻️BACK-UP
-Sell: 900-940$ if B. SL if A
-Buy: 780-820$. SL if B
-Buy: 680-720$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
BCHUSDT confirmed support as resistance#BCHUSDT
$BCH broke down the support line and confirmed it as resistance. it is possible to drop more from here
My opinion about BCH For Next Month.BCH LONG. please be careful.
This is not financial advice. it just my opinion
BCH analysisBCH is likely to face stiff resistance at the 20-day EMA ($1,170) and then at $1,362.74. If the price turns down from this level, the BCH/USDT pair may remain range-bound for a few days.
BCH (Bitcoin Cash) Tests Broken TriangleBCH (Bitcoin Cash) Tests Broken Triangle.
We may see some retracement to 1090 and second station is 1020
BCH BITCOINCASH JET READY - 4H CHART BCHBTC BCHUSDT BCHUSDBCH BITCOINCASH JET READY - 4H CHART BCHBTC BCHUSDT BCHUSD
BCH/USDT ANALYSISBCH/USDT seen here on Bittrex touching our support line of $1181 so now we can see a sideways movement or a pivot to upside or downside.
We have a bullish MACD touching on the 4HR so we will watch this, if support of $1181 holds we can see $1382 short term target to take profit, I will personally
not enter here but for shorters you can open short here and wait for $1040, I will wait for more confirmations before entry
We also see a local resistance at $1319 that is not marked by FIB levels.
Support: $1181/$1040
Resistance: $1319/$1382/$1638
As always use 3% SL or SL at your discretion to protect your funds
BCH - $3474BCH is currently trading just above the support zone of $1110. If it can stay above this support, we could start seeing a move towards $1323, $1455, $1561 and $1668. If it can break the resistance at $1661, we could start seeing a bigger move towards $1820, $2013, $2571 and $3474.
Failure to hold the support at $1110 could lead to a drop towards $946 and $761.
BCH - Ready for $1750? Hi, this is my new update for BCH. 4 days ago we lost our support level around $1300 and we tested the previous top around $1160 and it held very well. Now we have made a beautiful double bottom and we are battling against the resistance level $1300, so once we break it we are going to test the next one around $1500-1550 and if we break that too, then the next one is very big an it is around $1750. If we break the resistance $1750 then we are ready for ATH. So be prepared and don't panic ;)
Bitcoin cash attempts recoveryAfter the disaster caused by panic selling it is normal that there is an attempt to recover.
On Bitcoin cash there seem to be no particular obstacles to reach a sizeable price of USD 1608.
The only problem is that the market sentiment at the moment is very poor -0.88 means that for a few hours the price will probably have difficulty to rise.
This can be a good price to start taking positions without exaggerating.
My advisor Marketmiracle generated an entry notice at the price 1223 usd with target 1608 usd, I will probably wait a few hours and further confirmations before taking a position.
You can see all the input and output signals of my Marketmiracle advisor at marketmiracleadvisor.com
BCH Flag Formation HoldingAs long as BTC holds the 20 week SMA, The flag formation will hold! If BTC recovers back above 55,000 it could be very bullish for BCH. Look for a potential breakout on Bitcoin Cash if BTC starts rising again.
BCH going to 2000From Elliot, it can be seen that it's waiting to start wave 5, and it's a bullish wave.
From pitchfork, it can be seen that it's in a bullish wave.
So in conclusion BCH is still in a bullish wave, and it's just some retracement.
