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BCHBTC

Bitcoin Cash Preparing To Retrace? Active 7X Lev. For 132%We are active with Bitcoin Cash (BCHBTC / BCHH20) on a SHORT with 7X... Let's take a look at the chart. Bitcoin Cash moved first and with strength leaving others behind. Right now, we can see a bearish candlestick for the last peak as well as momentum is lost. If you look at the MACD, you can see it curving down while the histogram is going lower. Trading volume going lower. Rising trendline likely to be tested. Prices are still above EMA10 so there exists the possibility of another jump, purple lines. This is an advanced setup and we are looking at a leveraged trade. This is not intended for beginners, only trade if you are experienced and know what you are doing. If you are a beginner and looking to profit from Cryptocurrency, trade altcoins which are low risk and high profits, once you learn the game, you can choose to move up and try leveraged trades. Thanks a lot for reading. Namaste.
BShort
by AlanSantana
3
BCHBTC pullback before continuation?BCHBTC could be setting up for a viable long opportunity right now with a possible continuation of the uptrend setting up. Ideally a trader would be looking for a pullback here to the golden pocket which clusters up nicely with the 0.5 line of the previous move. However to some, there is already enough reason to enter, with the break of the previous candle which was somewhat bullish. Either way make sure your stop is set appropriately. A stop behind the bottom of the recent move is still a 10% stop, so adjust position size accordingly. Disclaimer: Bitcoin forks (BCH and SV) aren't really my thing and I don't trade them. But it helps to be aware of what is happening with these coins if you are a proponent of Bitcoin. Also interesting that BCHTC is technically providing a better setup than BSVBTC right now despite SV's hype. BCH has also reclaimed the number 4 spot from SV in market cap.
Long
by mastaplan
Here is My Biggest problem with BCH:BTCHello All, In the past, this has been one of my favorite crypto currencies to trade simply because it was very volatile as it has expansive upward movements that isn't always met with the same aggression downwards making exits simpler. However, I currently have a huge problem with this chart. If you can identify it as well, then, it is probably serving as a nuisance to you as well. The problem is the gap: the reason why this is a problem is that is serves as a true reversal point, and it will be very difficult for price action to pass this region. The gap show true resistance at the BCH:BTC price than BCH:USD and I am not sure why, however, the gap is respected more so on BCH:BTC relationship. Circled in yellow, there is a double top at the median of the gap which was a prior low before a relief rally and an extreme downwards gap (A second downwards trendline is formed here). There is still potential in this chart, as there is a triple bottom which has broken its second down trend. The last second and third bottom form a double bottom in itself with a price objective of 4200 satoshi (~23% increase). There isn't much to be seen in the RSI at the moment, however, once BCH gets going, it moves with strength. I suspect there may be a small consolidation at this price point before an extreme thrust upwards if we do not have a thrust upwards immediately. Otherwise a rejection here would mean that it would be testing prior lows denoted by the green rectangles. (Opacity of the boxes themselves resembles their strength)
by CuddlyCuddles
BCH/BTC TA Update (Breakout Confirmed?)BCH/BTC BCH just closes the day with an engulfing bullish candle and above key resistances. Now that resistance areas are broken, BCH has to do is to confirm this old resistance turning into new support and we can see another 10% move up before it reaches our target zone. But we can't be overconfident even the 200MA is on our side during this uptrend, the RSI is a bit extended be prepared if in case BCH has to retest the upward trend-line support before it continues Higher High.
Long
by PolarHusk