BCHSV Starts To Recover | Early SignalsWe have a stop-loss hunt event on the BSVUSDT (BCHSV) chart.
This can also be called a fake breakdown.
The market manipulators move the price to where most of the stop-loss are placed.
After the stop-loss are activated a fast recovery take place.
That's why we use a manual stop-loss. To avoid being caught in this type of move.
The cryptocurrency market is quite tricky, one need to be very smart in order to be able to stay positive in the game.
Patience is key.
Buy and hold long...
You will be happy with the results in 2025 or late 2024.
Do your own research of course but experience tells me that these two years are going to be lots of fun; for us cryptocurrency lovers/traders of course.
Namaste.
Bchsv
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...
#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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BCH 543 USD POSSIBLE GREEN COFFEE TIMEHello Traders,
For BCH update possible: 443 target into the box.
use always a good stoplimit to manage the risk
Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly
BCH/USD Retraced to the Support Level - What Is Next?In this technical analysis, I will follow-up on the previous idea on BCH now that we have finally arrived at a moment where we can enter a long position. The price retraced beautifully to the horizontal one that used to be resistance. In the bullish scenario of the S/R flip and the old resistance zone turning into new support, I expect the price to rise until the next resistance - giving us a 14% trade opportunity.
All information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message.
Strong Rejection on BCH/USD At $280 - What Is Next?In this technical analysis I will show you the most important horizontal zones for BCH at the moment. After the very sharp decline that started about two hours ago I want to highlight a few scenarios. All information should be clear from the chart. In case you have any questions, feel free to let me know!
BCH/BTC (Accumulation Phase?)BCH/BTC
-Bitcoin Cash is on an accumulation phase
-Trading at key support area or pivot zone last Dec 2018 history
-BCH is also forming a potential Descending triangle pattern
-Which is a bullish reversal sign if confirmed
-If you are a long term trader
-This crypto is perfect for your taste
-Because you are buying a demand zone
-But always remember to buy only you are willing to lose
-This asset can be dead for many months or even years
-Patience is the key here
BSV/BTC 1D (KuCoin) Bounced on descending channel supportFA: Bitcoin Satoshi Vision is a hard fork of Bitcoin Cash, which is a hard fork of Bitcoin itself, all Proof of Work (POW) protocol.
Those 3 coins dominate the crypto market as they are in Top 5 market cap (excluding USDT) and they all halved their mining rewards few months ago.
TA: BSV (also known as BCHSV) is in that parallel channel since beginning of the year and start looking like a bull-flag to me.
Few days ago it bounced on support which makes it a demand zone, and right now it looks oversold that's I'm expecting it will up.
Current Price= 0.017221
Buy Entry= 0.017250 - 0.016550
Take Profit= 0.021280 | 0.024520 | 0.028150
Stop Loss= 0.014710
Risk/Reward= 1:2 | 1:3.48 | 1:5.14
Expected Profit=25.92% | 45.09% | 66.57%
Possible Loss= -12.96%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
BITCOIN CASH 🔞 | Why Mom Was Right About Bitcoin Cash..⚠️ Roger Ver has given to charity, not just in real life (props to him for that) but also by holding BCH while price grinds sideways. That said, maybe Ver knows something we don't about the way BCH will move after this long and unimpressive consolidation.
It isn't like Bitcoin Cash doesn't have a market cap, adoption, great news (depending on if you see this on bullish or bearish) like a new perp contract on Bitmex, or a use-case. It is just that, like Litecoin, it is one of those high caps that has been underperforming an otherwise bullish market recently.
Whether BCH is about to try and break out of this pennant to the up or downside is anyone's guess. One thing is for sure, that is this price action is pretty ugly for one of the biggest large-cap cryptos in an overall bullish market.
Let's take a look at some levels to see what the bears and bulls have going for them depending on the direction we move once we leave this painfully large pennant of accumulation or distribution.
Support:
The bulls better pray we see a reaction at the S1 orderblock and prior swing low, as this level is also at the bottom trend line of the pennant. It would be pretty absurd for BCH to breakdown after all of this without a move down from the broader market.
If the bears can take BCH lower, then the bulls get one last shot to get back inside the triangle at the S2 bullish orderblock.
If a move off S2 fails, or if S1 doesn't see a reaction, the last hope for the bulls is the S3 S/R flip.
Given the amount of weakness seen in BCH recently, the bears might actually be able to break S3 and find news lows if they can gain sufficient momentum.
Resistance:
The R1 orderblock at the point of the previous breakdown is the first point of resistance. This resistance lines up with the top trend line of the pennant, so it is an obvious place to be rejected.
If R1 can be broken, the bulls get a fighting chance. Above R1 is the R2 orderblock from the prior swing high.
If the bulls can breach R2 without falling back down into the pennant, then the R3 bearish S/R flip becomes the last thing standing between the bulls and gaining some momentum for a new BCH bull run.
Summary:
When Bitcoin Cash picks a direction it tends to trend hard. Right now BCH is trending hard sideways. This is a pretty bad look for BCH given the amazing strength Bitcoin and other cryptos have shown since the COVID bottom.
The one thing going for the bulls here is that BCH has a long way to catch up if and when it starts to run, so there is a path to glory if BCH bulls can leave the starting gate.
With that said, it is likely the bears have this one in the bag if this price action doesn't really start to pick up...
Resources:
cryptopotato.com + news.bitcoin.com + www.finextra.com
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BCH/USD Great Buy Opportunity in Parallel Ascending ChannelWhen looking at a pair that has a positive bullish momentum, we get the risk of entering out of FOMO.
Make sure that you don't enter when the price is really high and hasn't retraced yet. For instance, keep an eye on the RSI and don't buy when it's above ~70.
Here in this parallel channel we can see that currently we have a nice opportunity for a buy, because the price is reaching the bottom support line of the channel.
This is a great moment to enter Bitcoin Cash in this bullish market.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Will Bitcoin Cash Breakout $500 Key Level Resistance???A double top at resistance level:
Hi friends hope you are well and welcome to the new update on bitcoin cash in today's technical analysis will will try to find out the different bearish and bullish signals and patterns. First of all I would like to take you to the daily chart where we have the different support and resistance levels and if we take a look back in the month of March 2020 then we can see that after the waterfall crash the priceline has hit at the support at $147. And from this support the priceline recovered and broke out the $200 resistance again. And after breaking out the 200 resistance level it has re-tested the previous resistance as support and moved up to break out the next resistance level at $260.But here we have some critical situation cause after a hard attempt for breakout in April 2020 the priceline dropped down again and moved up to re-attempt for the breakout from $260 resistance level. But again the price action is dropping down. So if this drop will be continued then we will have a double bottom formation that can produce more strong bearish rally to the downside.
The priceline is being rejected by the SMAs:
Now if we take a look at the different simple moving averages with the time petiod of 25, 50, 100 and 200 on the same daily chart then it can be easily observed that first priceline broke out the 25 and 50 simple moving averages but when the price action attempted to break out the 200 simple moving average then it is rejected by the 200 SMA. The 200 SMA is almost at the same level where we have the $260 priceline resistance. So the priceline is being rejected at the same time by the $260 priceline resistance level and the 200 simple moving average resistance level as wel. And the Bitcoin cash is forming a double top formation on the chart of the moving averages as wel. Now it can be easy for the price action of Bitcoin cash to break down the 25 and 50 simple moving average supports. Because the pressure from the upside is stronger than the pressure from the downside. As we have bigger moving averages above the price action and those are 100 in 200 SMAs and smaller moving averages below the priceline and those are 25 and 50 simple moving averages.
Priceline could not reach the resistance of up channel:
The BCH has also formed an up channel on the daily chart but this time the Bitcoin cash could not reach up to the resistance of this up channel. If the price action will break down the support of 25 and 50 simple moving averages then it can also break down the support of this channel as well . Because we have the 25 simple moving average at the same level where we have the support of this up channel and in case of breaking down the support of the channel the priceline can easily reach at the support of $200.
The bullish harmonic move on long term chart:
Now I would like to take you to the very long term monthly chart and here we have a very positive move by the price action of Bitcoin cash. And that is the priceline of BCH has formed a very big bullish gartley pattern same as like the Bitcoin has formed on the monthly chart. Even though the price action has spiked beyond the support of the potential reversal zone of this pattern. But within very next cande stick it has been retraced back in the potential reversal zone. Therefore we can ignore the extra spike.
Here I would like to recall a bullish shark harmonic move of the Bitcoin cash that I posted on the 19th of March 2020 in my previous article. This was the pattern that helped the priceline to re-enter in the potential reversal zone of the big bullish Gartley pattern that has been formed on the monthly chart. As we can see that after entering in the buying zone of the bullish shark pattern on the 4 day chart the BCH took a powerful bullish divergence that produced more than 102 percent profit. Now from the buying zone of the bullish Gartley pattern we can expect up to 163% profit spike. So if you want to take it as a single trade then you can buy it within the potential reversal zone of this big gartley pattern and sell it within the Fibonacci projection or sell area as I have defined on the chart but in this case you should make your stop-loss the potential reversal zone that is up to $168.
But if you want to hold it for the long term then you need to watch out for the breakout from the different resistance levels as we have discussed on the short-term daily chart. And if you are looking for that Bitcoincash achieve the highest price ever in its history then we need to watch out for the breakout from $500 resistance level. That is the strongest key level resistance for the Bitcoin cash.
Bullish Shark on 4 day chart:
Ichimoku cloud:
Now I would like to take you to the weekly chart where long term bullish signal can be appeared in the future by the ichimoku cloud. As we can see that so far the price action of Bitcoin cash is not able to cross up the ichimoku bearish cloud. Once in the month of February 2020 the price action crossed up this cloud but during re-testing the cloud resistance as a support it was filled and drop down again. Once the priceline of Bitcoin cash will be able to cross up the ichi moku cloud successfully then the Bitcoin cash can turn bullish on the long-term for the next 2 or 3 years.
Conclusion:
If the price action will be not able to break out the next resistance levels on the daily time period chart. then we can witness further downside rally. But on the long-term the Bitcoin cash has formed is very big bullish patterns therefore on the long-term it is bullish.
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.
Bitcoin Cash Trend ReversalWe can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom.
I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position.
Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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.