BCH/BTC - Bitcoin Cash: Elliott Wave 12345◳◱ On the $BCH/ CRYPTOCAP:BTC chart, the Elliott Wave 12345 pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00647 | 0.00678 | 0.00728 and support near 0.00597 | 0.00578 | 0.00528. Entering trades at 0.00604 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 21
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00604 ₿
▣ 24HVol: 45.006 ₿
▣ 24H Chng: -2.423%
▣ 7-Days Chng: -7.33%
▣ 1-Month Chng: -15.82%
▣ 3-Months Chng: 13.61%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00647 | 0.00678 | 0.00728
◢ Support: 0.00597 | 0.00578 | 0.00528
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -2.16
▣ Last 90D: 1.46
▣ Last 1-Y: 1.26
▣ Last 3-Y: 0.45
◲◰ Volatility :
▣ Last 30D: 0.42
▣ Last 90D: 0.63
▣ Last 1-Y: 0.78
▣ Last 3-Y: 1.05
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.90 - V. Bullish
▣ In-depth BCHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Bchbtclong
BCH/BTC - Bitcoin Cash: ◳◱ Technical analysis to be included soon, stay tuned!
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 29
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00434 ₿
▣ 24HVol: 41.511 ₿
▣ 24H Chng: 4.327%
▣ 7-Days Chng: -5.00%
▣ 1-Month Chng: -11.37%
▣ 3-Months Chng: -8.46%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00423 | 0.00437 | 0.00463
◢ Support: 0.00397 | 0.00385 | 0.00359
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.56
▣ Last 90D: -0.31
▣ Last 1-Y: -0.31
▣ Last 3-Y: 0.27
◲◰ Volatility :
▣ Last 30D: 0.54
▣ Last 90D: 0.59
▣ Last 1-Y: 0.76
▣ Last 3-Y: 1.02
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth BCHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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#BCHBTC - Large Triangle Closing - Still Room to Trade!We can see this clearly defined symmetrical triangle acting as both support and resistance for #BCH coming to an end pretty soon - but there's still time for another trade!
Coming off a healthy Short trade into a touch of confusion followed by our current Buy signal from CTv2, there's room in this wedge for another 10% Long trade. What do you guys think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
BCHUSD will shine soonBCHUSD currently is back into the accumulation zone.
Don´t get fooled by haters.
BCH is not dead.
Currently very oversold RSI
We expect a few weeks of accumulation and in 2022 a huge uptrend.
This analysis will upset many haters but we expect the final target between 10k and 15k USD. not only BCH will do well but also other dino coins such as XLM , XRP, DASH and many more.
ETCUSD already in April and May 2021 showed us what dino coins can do when they are in a prolonged accumulation.
We expect similar move for other dino coins.
Patience is a key.
No financial advice
💡Don't miss the great buy opportunity in BCHBTCTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.01371).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BCHBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.01447
TP2= @ 0.01523
TP3= @ 0.01608
TP4= @ 0.01810
TP5= @ 0.01961
SL= Break below S2
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in BCHBTCTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.01371).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BCHBTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.01447
TP2= @ 0.01523
TP3= @ 0.01608
TP4= @ 0.01810
TP5= @ 0.01961
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BCH completed Butterfly move for almost 400% big moveHi dear friends, hope you are well, and welcome to the new update on Bitcoin Cash.
On the long-term monthly chart, the price action of the BCH with Bitcoin pair has completed the last leg of the bullish Butterfly pattern and entered the potential reversal zone. The 1.618 Fibonacci retracement level goes in the negative zone and it is not possible for the priceline to enter the negative territory, sofar the priceline has found good support at 0.01052 btc , therefore I have set the buying range from 1.27 Fib level to 0.01052 btc , however, if in the near future there will be some changes, like the priceline finds any new support then I will be keep sharing with you.
There is also a very good downtrend line support as well.
This trade has a huge profit possibility of 399%, and the high loss possibility upto 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BCH - Falling Wedge/IHS SetupBCH looks to have a bullish reversal forming on the daily. You can see the price action has been moving within this pink falling wedge since beginning of last year. BCH broke through resistance just the other day only to get pushed back under. However, the price is sitting on strong support as it rounds out that right shoulder. Unlike most alts which have had some bull runs of their own this year, BCH has not. So if this breaks to the upside, we could see a very strong move even beyond my IHS target.
BCH / BTC - Short Term with Potential for Long Term GainsSee comments directly on chart.
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Thank you for your support and likes, I am an amateur in the process of learning -- please send any feeback, criticisms, critiques you may have.
Enjoy the day, be careful and do your own research, beware of BTC and BTC Dominance when trading alts, and best of luck and cheers to you!
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BCH/BTC (Accumulation Phase?)BCH/BTC
-Bitcoin Cash is back at previous 2 years Swing Low support late 2018 history
-Base from the bigger picture, it looks to be in the accumulation stage
-But it is gonna take more weeks or even months to confirm a true reversal
-If you are a long term holder, the market is good to add position
-While swing traders will wait for the trendline breakout to confirm the reversal
-There is always a risk in every environment so please use proper trade size management
BITCOIN CASH/BITCOIN LONG TRADE SETUPPlease manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. what we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
BCH BTC LONGIt looks like bch has completed a falling wedge pattern, which is often bullish.
The pattern is interesting because there is triple bullish divergence on the RSI, the price in satoshi is dropping, but the momentum isn't following to the downside. A bounce could be incoming. This combined with the btc halving could see bch propel higher.
IF it breaks the dotted line (resistance line), then it's highly likely that bch will complete the inverse head and shoulders reversal pattern.
The same structure can be observed in other coins as well, such as ETC.
As usual the post is for educational purpose only. :)
Bitcoin Cash Is Forming Bullish BAT For Upto 24% Profit SoonFormation of harmonic bullish BAT pattern:
The Bitcoin Cash with Bitcoin pair is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone to give chance to earn more gains.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area now the last leg (C to D) should be retraced between 0.786 to 0.886 Fibonacci level.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:
Buy between: 0.0296 to 0.0286
Sell between: 0.0320 to 0.0356
So this short term 12 hour chart based idea has capacity to produce upto 24% profit.
Stop Loss:
The potential reversal zone area that is up to 0.028646 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
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.
BCH/BTC TA Update (Bullish Pattern Confirmed?)BCH/BTC
BCH broke bullish of this inverse H&S pattern and currently testing the old resistance to potentially turn into new support territory.
Bullish momentum cross of 26 EMA and 50MA on the 4H time-frame gives us to shift bias to the upside.
Now, BCH needs to hold this current price levels for at least 24-48H to keep this short-term uptrend intact.
A price drop close below 365 sats will invalidate this trade.
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.
BCH/BTC TA UpdateBCH/BTC
BCH broke upward trend-line support but immediately bought up at a key support area between 0.382-0.5 Fib.
This area of support also coincides with the 50D MA plus the previous swing Low at 0.0370 sats which resulted in the price reaction to pull back up by 10%.
I'm expecting BCH to consolidate at these current levels for the next 24 - 48 hours before another move will happen.
The overall priority remains bullish as we are scouting for weekly Higher Low to form.