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BCHUSD

BCH/USD Secondary trend The important area Simple rules for workThe graph is logarithmic. This is a secondary trend. That is the fall of the price since May 19, 2021, from the pumping of +666%. The trend is a pronounced downtrend in spite of the significant local pumping of +50-80% within the downtrend. At the moment the price is in a local consolidation near the area where the trend reversal started last year. Coinmarket Coin: Bitcoin Cash I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The main trend of this cryptocurrency. BCH/USD Main trend. Breakdown of the channel. The important zone. Simple rules of conduct in the market, which will help to multiply money, and for someone just to save: 1) Do not enter the market early. Wait for a good entry point with a higher probability of developing the trend direction you want. A trader should watch 70% of the time, 20% of the time buy, 10% of the time sell. Small market participants (those who lose money) tend to always only buy (their eternal dilemma, regardless of the phase of the market: "what to buy to become a millionaire fast")... Be patient, think rationally, not emotionally. Your entry point should have a good risk/profit ratio, at least 1:3. 2) Enter the market in installments of your allotted amount of money on a particular coin, or limit your risk if in doubt (but the question is, why enter if in doubt?). But even if in doubt, enter in installments (this applies to those who are just starting to trade). 3) Always protect your profits with a trivial stop-loss on its protection, or at least a partial fixing of profits at important levels of resistance (long) support (short). 4) Margin should not be too large, and it is better not to use margin trading at all and work only on the spot. Only those who work in the spot have a significant deposit, and this is a fact))) 5) When working in margin trading long / short, always use a stop loss unconditionally. If you have a big loss due to knocked out stops on margin, it's worth considering, maybe it's still more rational to work on the spot. Although, perhaps in this case it's not about trading on margin, but about the kind of trader you are (lack of experience, lack of knowledge, problems with the psychology of behavior in the market, the desire to "make quick money"...). The foundation of your trading is your trading strategy and risk management based on your experience. Don't try to guess what you don't understand. Do not inherit the majority of participants – kamikaze market. Try to evolve and work by gaining relevant experience in what you didn't initially understand. Slowly but surely day by day become better than yesterday, leaving the “experts” and anonymous “I know exactly” screamers behind in the market millstones.
COINBASE:BCHUSD
by SpartaBTC
3
BCH/USD Main trend. Breakdown of the channel. The important zoneMain Trend. Always, than to trade locally on the working timeframe 1h-1d always need to understand where the price is in the main trend and what to expect in the near future with the price with a high degree of probability. Coinmarket Coin: Bitcoin Cash The previous upward channel (uptrend) was broken by the price. At the moment, the price is near an important support zone (highlighted in gray). In this zone after the 2018 reset, the entire 2019-2020 year has been gaining major positions, this zone and served as a launching pad for pumping 2021 by more than +600% (+666%). I used a marker on the chart to show options for the logical start of the price movement (direction). Positive. If the secondary trend breaks through (red line) and the price fixes above the 218-300 zone—the trend reverses and the price goes up (at least, the decline stops and turns into a sideways trend). Bitcoin goes up. Negative. A breakout of this zone is unfortunate. Reality of the descending flag (or part of its targets). Semblance of a repeat of the 2018 fractal structure (see main trend idea for understanding). Let's hope it doesn't come to that... As it will mean that the similar will be not only on BCH, but also on the whole market, i.e., double top working out on bitcoin, if you don't understand what I mean. The secondary trend of this cryptocurrency. BCH/USD Secondary trend. The important zone. Simple rules for work. The price rises for a long time, but vertically falls quickly. Always protect your profits and don't wait for super targets, work in the trend. Difficult %. Have restraint, curb your greed and the rush of “no time”. If you're not sure - watch from the sidelines until there is confidence in a more likely price movement from which you can benefit.
COINBASE:BCHUSD
by SpartaBTC
16
🚀 Bitcoin Cash (BCHUSD): Triangle ④●● Preferred count ● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 1D Fig.1 The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 . Subwaves (A) , (B) and (C) have been completed within the triangle, an ascending zigzag is expected within wave (D) . At the end of the triangle ④ , a trading setup will open in a long-term long position. _______________________________________ ● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 8h Fig.2 The first wave within the uptrend, marked ⓘ , took the form of a zigzag . This zigzag may be the first wave within the leading diagonal A of (D) . I recommend waiting until the diagonal is fully formed, and then join the buyers at the end of the subsequent correction B . _______________________________________ ● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 30min. Fig.3 Variant of counting waves within a thirty-minute chart. _______________________________________ _______________________________________ ●● Alternative count ● Bitcoin Cash / U.S. Dollar (Coinbase),🕐TF: 2D Fig.4 The alternative is a bearish triangle (X) . In general, the count is consistent with the main scenario up to the top of the triangle (X) , but it is worth remembering: in about 60% of cases, wave " B " of the narrowing triangle ends behind the beginning of wave A . _______________________________________ Disclaimer: — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
COINBASE:BCHUSDLong
by TradeWaves-EWA
2
BCHUSD going for the 3rd attempt to break above the 1D MA100Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. Even though the coin is still not outside of this long-term bearish trend, on the short-term the price is attempting to establish a respectable bullish move as it is going to make the third attempt to break above the 1D MA100 (green trend-line) within a 1 month time-frame. This trend-line has been intact since April 26. If that breaks, it will issue the first signal that we may finally see a bullish break-out above the Lower Highs, as the 1D MACD will make a Bullish Cross. The immediate Resistance level if a break-out takes place, will be the 1D MA200 (orange trend-line), which is right above it but mostly the 1W MA50 (red trend-line). Above the Resistance (previous Lower High) of 395.50, Bitcoin Cash officially enters a new long-term parabolic rally. Note that what gives more chances to the upside right now is the fact that the 1W RSI is above its MA. If the MA holds as a Support, it will further boost the bullish potential. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COINBASE:BCHUSD
by TradingShot
3
BCH Price Still Has A Potential To Reach $6k AreaLike majority of mid cap projects BCH is forming very similar crashing pattern as BTC did in 2018. Of course 2018 btc crash happened with different velocity and curve, but price did have some kind of bounce and sideways movement as BCH had this time. If we extend fib. levels over 2018 bitcoin crash where level 1 sits at 2017 ATH and level 0 at the low, we can see that the price did first reach lo 0.618 retracement, then eventually crashed, closing the gabs above the low, only to have another breakout and pint point nailing level 4. fib. extension (69k). Time will tell very soon if BCH price will react to the same fib. retracement/extension levels, but if does, it would mean that the price would first climb just above 1k, then have an accumulation back below $200, then of to the races to 6k area where level 4 fib. extension level sits at. Imagine that, it would truly be an amazing alt season. Remember that time is irrelevant here and no one knows when things will happen or for how is anything gonna take to play out. We can only speculate price areas based on historical price movement. It is only a speculation, we need more time to really confirm all of this but when price is set for new ATHs after a major crash like this, it tends to react to above mentioned fib. levels. I am not a financial advisor so non of this should be taken as a financial advise. Be well.
Long
by AVA37
2
Bitcoin Cash Huge Potential on 10X (1600%+)Here is Bitcoin Cash (BCHUSD), this is the same chart we shared a few weeks back. We are hitting the gas on this one as we see potential for massive growth. After the retrace that ended 13-July (Full moon), BCHUSD is now ready to grow. We are active with 10X of leverage. Disclaimer: Not for beginner, for experienced traders only. Leveraged trading is high risk and can result in liquidation. This is not financial advice. We are wishing huge profits and good luck. Namaste.
BITMEX:BCHUSD.PLong
by AlanSantana
9