Bchlong
Bitcoin Cash - Red Alert!I posted a chart on Bitcoin Cash a few days ago, you can check it on my profile and follow me for further updates. Here I present the line chart with a bull pennant type structure on RSI (Relevant Strength Index) and a symmetrical triangle on the candlestick chart. Most people would have this triangular shape down as an inverse bullish pennant, signalling a continuation to the downside, however, I see a symmetrical triangle and these structures can be both bearish and bullish. Because of the RSI showing a bullish pennant, my thoughts are that RSI will go up, which in turn would mean price goes up. You can see XRP already leading the way in the altcoin market and generally XRP leads the altcoin market into a bull run. There is also a good chance Bitcoin has topped in this cycle, so it wouldn't suprise me to see some of the funds in bitcoin swap back over to bitcoin cash, which has not completed a full cycle yet.
BCHUSDT: Good prospect for LongThe structure of medium-term wave levels on the BCH tells me that the decline from the level of $1,600 is probably over.
On the smaller timeframe some initial momentum was formed in wave 1 or A, and at the moment the price is correcting in the anticipated wave 2 or B.
It is possible that the correction has already ended and the price has already started to form the first upward impulse as part of wave C or 3.
This is an excellent pattern that allows you to plan to open a long position with a remarkable risk to profit ratio of at least 1:5.
BCHHello everyone, today I sorted out the BCH coin, this pair made good savings, and now it is under the resistance line, I don’t see the reaction now, I will take it on the demolition of stops, I showed it in more detail on the chart, I also noted the level where there will already be violations of the scenario, I will throw a limit wait for a reaction. Have a nice day and trading
HIGHLY IMPORTANT DECISION TIME FOR BCH!Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity.
Bitcoin Cash is high volume coin. Which is a good thing in a bull market.
But right now we are in bear market and at a very important price zone for bitcoin cash!
277 is a massive support area.
If we cant hold it price can test the 200 price zone which means a %25 decline in value.
Supoort areas
277
255
200
Resistance areas
293
342
387
BITCOIN CASH LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BITCOIN CASH as price action shifted the market strucutre from bearish into bullish making the retracement move back into the bullish orderblock area on the H4 exactly on the psychological figure 300$. We also had a lot of wicks pressure aka buyers getting in on 280$ price area.
What do you think ? Comment below..
#BCHUSDT looks prime for 500% Rally!Welcome to this quick BCH/USDT 1day analysis in the chart.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-#BCH/USDT looks triangle pattern create and 500% Rally confirms and long term hold!
Entry:-$262
$317
Target:- 400% TO 500%
Stoploss:-$210
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of BCH in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BCHUSD Fibonacci Retracement, Support!Bitcoin Cash has not yet followed the market, it is still very cheap when compared to its crypto peers
0.382 can be seen as a strong resistance turned support, this is a great entry point.
Its peak of $4000 in 2018 is still so far away
With real world applications, BCHUSD hodls promise
#BCH #USDT Buy SetupCOIN: $BCH/USDT (3-5x)
Direction: LONG📈
➖➖➖➖➖➖➖
One of our monthly top performers once again ready to explode. Looking on higher time frames like BCH is getting ready to confirm that $540 low was our mid term bottom.
ENTRY: 546 - 565
OTE: 541
TARGETS
Short Term: 573 - 583 - 595 - 610 - 630
Mid Term: 650 - 680 - 720 - 760 - 800
STOP LOSS: 521.3
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BCHUSD LONGBCH is a great asset that has really seen a high price to a support level of 1644.33. After a downtrend, BCH had another bull run from 398.57 to 813.82. This has displayed the continuous power of buyers than sellers.
As prices approaches the 813.82 resistance level, will it be up for another bull run? Tell me what you think below
BCH 200MA Birth - Volatility Implied BCH has incredible potential
And this observation only exacerbates this potential
When the 200MA becomes visible, it allows the 50 and 100 to adjust to the 200's position
On the Bitcoin pair 1.618 is being tested, potential for a reversal
Incredible long term hodl