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Bchbtclong
BCH/USD TA Update (Bull Market?)BCH/USD
BCH went straight up over 37% within a day and passed thru 200D MA too.
We know the history of BCH, it loves to pump hard and dump hard after but this one is a bit different.
BCH breaks key resistance areas and trading above $300. I'm not buying this coin yet,
I'll wait for the price to pullback at key support areas where the 200MA coincides.
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.
BCH/BTC TA Update (Temporary Top?)BCH/BTC
BCH reached the target zone and now facing a potential pullback to retest on previous resistance to turn into new support between 0.02929 - 0.02838 regions.
After BCH reached overbought condition after quite some time, the price immediately reacted and reversing back to a normal level.
BCH may have to consolidate and find new support to continue its uptrend in the mid-term.
BCH/BTC TA Update (Bullish Trend-change?)BCH/BTC
BCH broke bullish after trading outside the trend-line resistance. We can see an EMA cross of 12 & 26 on the Daily time-frame.
This will signal an early sign of momentum change to the upside. I expect BCH to cool down a bit as the price is extended during its breakout.
A retest of the EMAs and immediate support between 0.382 and 0.236 regions.
BCHBTC NEXT WEEK BULLISH MOVE IS READY.BCHBTC NEXT WEEK BULLISH MOVE IS READY.
Note: This is only for Educational Purpose this is not Investment advice.
BCH/BTC TA Update (Painting a Bear Flag?)BCH/BTC
BCH broke the support area between 2690000 - 2630000 sats and currently struggling to get above the old support.
If Bitcoin Cash is unable to get above 270000 sats, I expect further downside to retest the old swing low at 240000 sats regions.
Though RSI is too extended below oversold conditions, we might see a pullback to the upside.
BCHBTC LONGTake a look guys, falling wedge since its creation.
2 years and a half of going lower against BTC.
But that's about to change now.
BCH has huge potential, many believe it's just a scam coin or similar. That's not the case, the development behind BCH is huge, only ETH has more developers.
Big innovations are expected for this one, especially the avalanche protocol. Also an another fundamental reason is the halving happening in 114 days by now.
In my opinion considering the previous halving events for BTC and LTC, this could propel the price much higher, something which should happen with a local top around the end of march or early April.
Right now we are almost at historical minimums against BTC. Bear in my mind BCH halving comes before BTC, therefore whales will try to maximise their profits by first riding the hype of BCH then the hype of BTC.
From a technical point of view you can notice that BCH is knocking on the upper line of the channel, that means it's drying the sellers and trying to propel higher. Given that BCH has a history of big explosions towards the upside, IF it breaks accordingly we are gonna see huge volatility.
BCH/USD is at 5% from it's ATH against USD, the months before the HALVING, LTC reached a 30% value from it's ATH, if this was the case for BCH (it doesn't have to be, because past events don't correlate with future) we could see it around 1200$ before the halving. It sounds crazy but it could be the case.
Do your own research, don't read just one analysis.
I am not a financial advisor, this is for educational purpose only.
BCH LONG $BCH
Starting to look interesting; we're still being rejected at weekly resistance so I wouldn't be a buyer just yet, however if we see a weekly close above 0.03257, I'd anticipate a +48% move to retest the 0.04843 level, which would then entice me more than the current R:R.
BCHBTC Bottomed out Its about time Bitcoin Cash gave us the opportunity to long those steroidal rallies, this is looking like a safe bet to get in before the storm strikes next week.
- Daily Bullish engulfing
Support Levels:
- Mid Range: .3009 BTC
Resistance levels:
- 25% range : .03115 BTC (Very weak resistance now, hammered 3 times already)
- Range High : .03219 BTC (Strong resistance)
Stop loss: .02919 BTC
Game Plan: Long the test of support, sell half of the position at Range High, if we break through the range high level, we have found the bottom of which should be considered a very strong rally and should be targeting .03540 and higher!!
Stop loss remains intact below the low of previous daily bullish engulfing candle, that base should be defended by the bulls if we are to push higher.
Cheers!!!
BCH/BTC - LONG with TIGHT s/l (updated)Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Green line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
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Trading plan BAB/USD & BAB/BTC 4/25/2109Update.
As before, we expect the consolidation to be completed and the BCH growth impulse to start.
BCHBTC long intraday/swing trade setup if...BCHBTC long intraday/swing trade setup if we get a break above this level and a pullback into new support. Given the growth (and gains) we are having with BCH Im inclined to take advantage of pullbacks for account building. Both BCH and BTC have their merits so this is a good pair to trade.
BCH/BTC - green box now in playBCH/BTC has now retraced into the green box and therefore presents the potential for a good buy opportunity.
Target (bitmex): 0.0480
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
