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Bchabc

BCH BTC incoming fireworksLooking at the bigger picture, weekly chart. Bch has been accumulating since November 2018 (drama lama hard pork period). It looks like that accumulation is over. What a coincidence tho, this coincides with bch halving, happening in 40 days roughly. Keep in mind bch halving happens before BTC halving, and whales love to make as much money as possible. So the focus is going to be on bch now, then on btc. So high volatility is expected. Why do I think the accumulation is over? BCH bounced at 0.618 with a strong bounce, that's a good factor. I could be wrong ofc, if btc starts collapsing again it could happen, given that btc didn't retrace at 0.618. Still the big picture of the BCH/BTC pair looks good at this point. The post is for educational purpose only, if you decide to take a trade set your sl and do your own research. Good luck with your trades. You can check my previous idea about BTC.
Long
by darkpiggie
BCHBTC Has Formed Bullish Shark | Upto 20% Bullish MoveBitcoin cash is the world largest digital asset ranked at 4th position as per coinmarketcap data. This digital asset is one of my favorite crytpocurrencies that gives us trading opportunities on daily basis. From December 28th to 18th February 2020 this cryptocurrency this cryptocurrency was being traded above the exponential moving average 21 but at this time this coin is being traded below the EMA 21 but likely to cross up this exponential moving average soon we have a second green candlestick with heiken Ashi setup having spikes beyond 21 exponential moving average. The Formation Of Shark: This time on 12 hour chart the Bitcoin cash with Bitcoin pair has formed a bullish shark pattern and entered in the potential reversal zone of this pattern. Let's dig this pattern deeper to examine how perfect this bullish Shark harmonic pattern is formed. The initial leg was started on 31st of January and completed on 7th of February 2020 then the price action has been retraced between 0.382 to 0.618 Fibonacci levels and that is as required for a perfect bullish Shark pattern’s A to B leg and after the completion of A to B leg the priceline is projected between 1.13 up to 1.618 Fibonacci projection of A to B leg and completed the B to C leg of this bullish Shark pattern. Then finally the C to D leg is retraced between 0.886 to 1.13 Fibonacci level and at this time the price action is floating in the potential reversal zone of this bullish pattern and ready to move up at any time. The Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: 0.040225 to 0.038417 sats Sell between: 0.042242 to 0.046270 sats Stop Loss: The potential reversal zone of this pattern can be used as stop loss in case of complete price action closes below this level. This is short term trading idea not a long term idea; I will be keep posting more trading ideas as soon as I will find more.
Long
by moon333
BitcoinCAsh Short Term UpdateBCHBTC now Trading Above 50MA support. according to Technical Analysis if we hold this Support Level 0.0400 BTC then we can see again Next Upward side Leg up. and we can see 0.0500 BTC next Target. But If we not hold this price of 50MA and break down this support then we can see Leg down till 0.03500-0.03600 BTC. so guys you are smart trader so Ready for both scenario. we want only profit on both condition. we can't say anything before breakout. After breakout we can open any position long or short. so guys open any trade after confirmation . please like and follow me for latest crypto updates. Thank you
Short
by CryptoPatel
4
BCHBTC Short Position Target Achived within few DaysBCHBTC Now Trading bellow 0.029 BTC. And I told you many Time for Short at 0.03150 BTC and Price exactly hit Our Target point and our position entry filled. My entry was 0.03146 BTC and now I closed my 70% position. still looking bearish BCHBTC. my Target for BCHBTC is 0.025BTC. but keep in mind one think. if 0.025 BTC level break down then free fall till 0.020 BTc. I will buy here for new entry if follow this chart. otherwise I will update you each and every Scenario.
Short
by CryptoPatel
Bitcoin Cash BCHBTC Technical AnalysisBitcoin Cash btc pair Bullish before some days. And 21% Up within last Week. why it was pumped. Because in daily candle Cup and Handle pattern work very well. And still My Target of Bitcoin cash is 0.03150-0.03250BTC. if this happened then I will short from there. And My Target will be 2%-4%. mean 0.02850-0.02900BTC. Keep an eye on Chart and Also eye on MACD and RSI. I will share my all update on Twitter instant. and BCH now First coin Breakout upward side.
Short
by CryptoPatel
BCHUSD Has Completed The Bullish Setup For Upto 163% GainsThe price correction and formation of pennant: After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the price action is going through the price correction period since Jun 2019 Upto Dec 2019. Now the price action is hitting 0.786 Fibonacci projection of lowest point of Dec 2018 to highest point of Jun 2019. With the price correction the price action has also formed a pennant with four touches at the support of the pennant, this time the priceline has hit the spike beyond the lowest band of Bollinger bands and hit the support of the pennant and like to have a bounce form this point. The moving averages: If we see the moving averages then on day chart the exponential moving average 10 is likely to form a golden cross with exponential moving average 20 like it formed in Oct 2019, at this time the EMA 10 is crossing down the price action to lift it up then it might form a golden cross with EMA 20. It will be 1st golden cross of above said exponential moving averages since after death cross which was formed on 17 Nov 2019 but this time the price action has already hit the support of pennant therefore this time we can have more powerful bullish divergence than the previous move Oct 2019. The true cloud reversal: On 4hr after 12 Nov 2019 the ichimoku cloud is proper reversed to bullish 1st time after 12 Nov 2019 when it was turned bearish during this time period the cloud was reversed to bullish on 3 Dec but that was clearly false reversal coz at that time the lagging span was failed to cross up the priceline and conversion line was also not able to proper cross up the base line but this time we can see very clear the lagging span has proper crossed up the candle sticks and conversion line has also crossed up the base line in very obvious manner and the cloud is also turned bullish therefore this time the cloud reversal is likely to be very true. Oscillators: The Relative strength index (RSI) was oversold and now it has turned strong bullish on the other hand if we see the stochastic RSI then it was also oversold and now turned strong bullish by giving bull cross from oversold zone and the moving average convergence divergence (MACD) has also given strong bullish signals by giving bull cross. The harmonic move and Volume profile: The price action of Bitcoin Cash has also formed a Gartley pattern which was started since Dec 2018. After initial leg (X to A) the A to B leg is retraced almost upto 0.618 Fibonacci (there is slight difference of 0.027‬ Fibonacci but all legs are driven perfectly as required for bullish Gartley therefore I have ignored this slight difference and considering it upto 0.618 Fibonacci levels), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally the C to D leg is retraced between 0.618 to 0.786 Fibonacci level and here the Gartley is completed and from this are the potential reversal zone starts. Now the price action is expected to take bullish divergence between 0.382 to 0.786 Fibonacci projection of A to D leg as it has already projected and again entered in potential reversal zone but the price line may take another bullish divergence to hit the sell zone as if we see the Volume profile of complete pattern then it is still showing very less interest of traders below this potential reversal zone of Gartley pattern. So according to this pattern we can set our targets as below: Buy between: 243.03 to 168.34 Sell between: 301.81 to 443.66 So this time the Bitcoin Cash's move has potential to give upto 163% gains, however our stop loss point would be the base of this potential reversal zone in case of complete candle sticks closes below this support level. Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
BCHABC/BTC long term hold setup ?Looking at monthly levels looks like we may be in a accumulation stage, we seam to be in a pattern of some sorts. If we break out pass the over head level I could see the momentum of distribution pick up and could maybe push pass the next level above to to test higher levels a pull back to the bottom level would signal a buy for me based on the R/R. One would maybe want to zoom in on lower time frames and possibly find a better entry or set up on this one. This is only educational and not financial advice any likes or comments are greatly appreciated.
BLong
by jasonparent