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BCH/BTC 1D Jul. 25Suggested Entry: 25215 Target 1: 26650 Target 2: 27800 Target 3: 28840 Stop Loss: 24250 The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons: - Technical indicators support a stronger evidence for bullish momentum - While confirmation is yet to be provided, it could be argued that BCH has broken out of the descending wedge pattern As a descending wedge pattern in a downtrend is typically identified as a bullish reversal pattern, we suggest a long position with targets leading up to previous historical resistance levels, and a tight stop loss below significant support. Trade safe.
Long
by XForceGlobal
Bitcoin Dominance Indicating An Alt SeasonWe have Seen btc.d break a huge 2.5 year trend. This trend change indicates that bitcoin dominance will significantly come down meaning: Bitcoin consolidates & Alts out perform Bitcoin sells off and Alts preserve purchasing power better then bitcoin Bitcoin rises and Alts significantly outperform I think we need to take into account where bitcoin is. There is low volume around 8-10k range we have established and some volume will come and it will be strong. However, this could take some time, so a consolidation over the next few months in the lead up to the US presidential election (especially between July-August) makes absolute sense. In the meantime we can see alts rally significantly in my humble opinion makes sense. Looking at the dominance chart, a break back into the dominance channel would invalidate this idea, and we can expect alts to bleed out completely over the next few months. However, staying under would indicate that dominance will come down significantly and alts will outperform Bitcoin to the point where I think many will be shocked, and some will feel a sense of euphoria. This does not change our analysis on Bitcoin and we are still expecting prices to come down significantly over the coming 18 months. Is this key indicator one of the early indicators of a multiweek / multimonth alt season? I'm long and strong alts.
CRYPTOCAP:BTC.DLong
by nostranomist
BCH/USDT 12H (Binance Fut.) Channel on support & falling wedgeTA: Bitcoin Cash is holding that support, and as long as the BTC pair is looking bullish, I'm expecting a big growth. Also, we can see that the falling wedge broke-out then pulled back, this is another positive sign. Current Price= 232.86 Buy Entry= 231.80 - 226.30 Take Profit= 269.95 | 313.53 | 357.11 Stop Loss= 208.60 Risk/Reward= 1:2 | 1:4.13 | 1:6.26 Expected Profit= 53.58% | 110.64% | 167.73 Possible Loss= -26.79% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 3x Estimated Gain-time= 720h
Long
by TradingOn
2
BITCOIN CASH 🔞 | Why Mom Was Right About Bitcoin Cash..⚠️ Roger Ver has given to charity, not just in real life (props to him for that) but also by holding BCH while price grinds sideways. That said, maybe Ver knows something we don't about the way BCH will move after this long and unimpressive consolidation. It isn't like Bitcoin Cash doesn't have a market cap, adoption, great news (depending on if you see this on bullish or bearish) like a new perp contract on Bitmex, or a use-case. It is just that, like Litecoin, it is one of those high caps that has been underperforming an otherwise bullish market recently. Whether BCH is about to try and break out of this pennant to the up or downside is anyone's guess. One thing is for sure, that is this price action is pretty ugly for one of the biggest large-cap cryptos in an overall bullish market. Let's take a look at some levels to see what the bears and bulls have going for them depending on the direction we move once we leave this painfully large pennant of accumulation or distribution. Support: The bulls better pray we see a reaction at the S1 orderblock and prior swing low, as this level is also at the bottom trend line of the pennant. It would be pretty absurd for BCH to breakdown after all of this without a move down from the broader market. If the bears can take BCH lower, then the bulls get one last shot to get back inside the triangle at the S2 bullish orderblock. If a move off S2 fails, or if S1 doesn't see a reaction, the last hope for the bulls is the S3 S/R flip. Given the amount of weakness seen in BCH recently, the bears might actually be able to break S3 and find news lows if they can gain sufficient momentum. Resistance: The R1 orderblock at the point of the previous breakdown is the first point of resistance. This resistance lines up with the top trend line of the pennant, so it is an obvious place to be rejected. If R1 can be broken, the bulls get a fighting chance. Above R1 is the R2 orderblock from the prior swing high. If the bulls can breach R2 without falling back down into the pennant, then the R3 bearish S/R flip becomes the last thing standing between the bulls and gaining some momentum for a new BCH bull run. Summary: When Bitcoin Cash picks a direction it tends to trend hard. Right now BCH is trending hard sideways. This is a pretty bad look for BCH given the amazing strength Bitcoin and other cryptos have shown since the COVID bottom. The one thing going for the bulls here is that BCH has a long way to catch up if and when it starts to run, so there is a path to glory if BCH bulls can leave the starting gate. With that said, it is likely the bears have this one in the bag if this price action doesn't really start to pick up... Resources: cryptopotato.com + news.bitcoin.com + www.finextra.com Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣
by AlphaBotSystem
4
BCH/USD Great Buy Opportunity in Parallel Ascending ChannelWhen looking at a pair that has a positive bullish momentum, we get the risk of entering out of FOMO. Make sure that you don't enter when the price is really high and hasn't retraced yet. For instance, keep an eye on the RSI and don't buy when it's above ~70. Here in this parallel channel we can see that currently we have a nice opportunity for a buy, because the price is reaching the bottom support line of the channel. This is a great moment to enter Bitcoin Cash in this bullish market. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:BCHUSDLong
by Trading-Guru
7
BCH/USDT - ABC patternA pinbar was drawn on the day timeframe. That means there's gonna be an upward motion. The indicators are set to continue downward movement. For a more accurate input wishfulness, let's go to 4H: AO indicator intends to continue growing. RSI is ready to grow. We are standing under the mirror level. A break-up and fixation will signal a continuation. movement reminds ABC pattern Leaving below $230 cancels the scenario. Push ❤️ if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions. Thanks for your support!
Long
by Valeriia_Top
6
Bitcoin Cash Loading for +166% Why Please Read This with DetailBitcoin Cash Technical Analysis Update: #BCHBTC now Current Price is 0.02730 as writing this Post. Whats TA Says..? According to TA I can say this is bottom of Bitcoin cash and now Strong holding at 0.02630 Support level. and good bounce from support level. so According to TA its give me Long Setup Entry for Me, and I bought some BCH/BTC at CMP. Support:- According to my Chart BCH/BTC Bottom is 0.02430 BTC. and you also check Strong bounce back from that range in weekly chart. after this bottom BCH/BTC went up to around 16% and now again Retracement Level. So I am track each and every time for Good opportunity to buy. 0.02430 is 5 month Support Level. After Weekly support we can also see in chart Support 1 also strongly hold. and 1 day MACD very near to bullish Crossover. Resistance: in the chart I mentioned all Resistance . so every resistance is our Target point. 0.03233 is our first Resistance level and also very important resistance level. if we breakout this Resistance then we can see our next target and resistance. So never gamble and red chart of my updates and follow carefully. Stop Loss: Guys I personally not Placing Stop loss for long term holding. But my short term holding I placed stop loss at 0.02640 and 0.02600 is best stop loss for Short term scalping trader. Targets: As I mentioned in Chart my all Resistance is my Target point. and if I am talking about Long term my Target is 166% and Why 166% because of Long term GAP at 0.07280 BTC still not filled so I am waiting for this GAP. What Now..? I think you this is Good Opportunity for fresh setup in BCH/BTC. and I all think mentioned in this updates for short term and long term Trader. so Trade Smart not Blindly. I am Your Friend CryptoPatel and I need Your Huge Support. If you Agree with My Technical Analysis then Please Click #LIKE Button and Appreciate me with your Love. And must Follow me for Latest crypto updates. ( Real Time Crypto updates.) Thank you in Advance ( Love you guys)
Long
by CryptoPatel
10
Will Bitcoin Cash Breakout $500 Key Level Resistance???A double top at resistance level: Hi friends hope you are well and welcome to the new update on bitcoin cash in today's technical analysis will will try to find out the different bearish and bullish signals and patterns. First of all I would like to take you to the daily chart where we have the different support and resistance levels and if we take a look back in the month of March 2020 then we can see that after the waterfall crash the priceline has hit at the support at $147. And from this support the priceline recovered and broke out the $200 resistance again. And after breaking out the 200 resistance level it has re-tested the previous resistance as support and moved up to break out the next resistance level at $260.But here we have some critical situation cause after a hard attempt for breakout in April 2020 the priceline dropped down again and moved up to re-attempt for the breakout from $260 resistance level. But again the price action is dropping down. So if this drop will be continued then we will have a double bottom formation that can produce more strong bearish rally to the downside. The priceline is being rejected by the SMAs: Now if we take a look at the different simple moving averages with the time petiod of 25, 50, 100 and 200 on the same daily chart then it can be easily observed that first priceline broke out the 25 and 50 simple moving averages but when the price action attempted to break out the 200 simple moving average then it is rejected by the 200 SMA. The 200 SMA is almost at the same level where we have the $260 priceline resistance. So the priceline is being rejected at the same time by the $260 priceline resistance level and the 200 simple moving average resistance level as wel. And the Bitcoin cash is forming a double top formation on the chart of the moving averages as wel. Now it can be easy for the price action of Bitcoin cash to break down the 25 and 50 simple moving average supports. Because the pressure from the upside is stronger than the pressure from the downside. As we have bigger moving averages above the price action and those are 100 in 200 SMAs and smaller moving averages below the priceline and those are 25 and 50 simple moving averages. Priceline could not reach the resistance of up channel: The BCH has also formed an up channel on the daily chart but this time the Bitcoin cash could not reach up to the resistance of this up channel. If the price action will break down the support of 25 and 50 simple moving averages then it can also break down the support of this channel as well . Because we have the 25 simple moving average at the same level where we have the support of this up channel and in case of breaking down the support of the channel the priceline can easily reach at the support of $200. The bullish harmonic move on long term chart: Now I would like to take you to the very long term monthly chart and here we have a very positive move by the price action of Bitcoin cash. And that is the priceline of BCH has formed a very big bullish gartley pattern same as like the Bitcoin has formed on the monthly chart. Even though the price action has spiked beyond the support of the potential reversal zone of this pattern. But within very next cande stick it has been retraced back in the potential reversal zone. Therefore we can ignore the extra spike. Here I would like to recall a bullish shark harmonic move of the Bitcoin cash that I posted on the 19th of March 2020 in my previous article. This was the pattern that helped the priceline to re-enter in the potential reversal zone of the big bullish Gartley pattern that has been formed on the monthly chart. As we can see that after entering in the buying zone of the bullish shark pattern on the 4 day chart the BCH took a powerful bullish divergence that produced more than 102 percent profit. Now from the buying zone of the bullish Gartley pattern we can expect up to 163% profit spike. So if you want to take it as a single trade then you can buy it within the potential reversal zone of this big gartley pattern and sell it within the Fibonacci projection or sell area as I have defined on the chart but in this case you should make your stop-loss the potential reversal zone that is up to $168. But if you want to hold it for the long term then you need to watch out for the breakout from the different resistance levels as we have discussed on the short-term daily chart. And if you are looking for that Bitcoincash achieve the highest price ever in its history then we need to watch out for the breakout from $500 resistance level. That is the strongest key level resistance for the Bitcoin cash. Bullish Shark on 4 day chart: Ichimoku cloud: Now I would like to take you to the weekly chart where long term bullish signal can be appeared in the future by the ichimoku cloud. As we can see that so far the price action of Bitcoin cash is not able to cross up the ichimoku bearish cloud. Once in the month of February 2020 the price action crossed up this cloud but during re-testing the cloud resistance as a support it was filled and drop down again. Once the priceline of Bitcoin cash will be able to cross up the ichi moku cloud successfully then the Bitcoin cash can turn bullish on the long-term for the next 2 or 3 years. Conclusion: If the price action will be not able to break out the next resistance levels on the daily time period chart. then we can witness further downside rally. But on the long-term the Bitcoin cash has formed is very big bullish patterns therefore on the long-term it is bullish. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
COINBASE:BCHUSDLong
by moon333
1
Bitcoin Cash: Descending Channel Consolidation 4H (Apr.23)X FORCE GLOBAL ANALYSIS: In this analysis, we take a look at the technicals demonstrated in the chart of Bitcoin Cash (BCHABC) Bullish Evidence - Previously, we have seen parabolic breakouts for Bitcoin Cash after consolidation phases - It could be said that we are currently consolidating within a downwards parallel trend - This could turn out to be a textbook bullflag pattern - We are still above the 0.236 Fibonacci Support - The Relative Strength Index (RSI) shows higher lows Bearish Evidence - We are in a downtrend, creating techincal lower highs and lower lows - We have broken down from the 0.5 Fibonacci resistance, the 0.382 Fibonacci resistance, and now possibly the 0.236 Fibonacci resistance - The RSI also shows lower highs - The Moving Average Convergence Divergence (MACD) demonstrates mixed signals and a lack of momentum to drive a bullish breakout What We Believe We believe that Bitcoin Cash will continue its bullish rally only given that it breaks through and closes above the descending parallel channel trend line resistance. Trade Safe.
COINBASE:BCHUSD
by XForceGlobal
2
Bitcoin Cash Trend ReversalWe can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom. I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position. Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
7
A Descending Triangle is Forming on BCH [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see BCH here with a strong bearish trend currently. It is reaching a point of support, but it doesn't look like it is really going to hold. I expect the price to bounce a little bit, confirm the triangle, and break through the bottom support line. The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through the support zone , and will create a sharp drop in price. --- What is The Quick Update Series All About? --- I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more. Also, check my recent popular ideas on BTC:
Short
by Trading-Guru
3