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BCHUSD

Bitcoin Cash, In Descending-Channel, These Levels Are Important!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since Bitcoin cash recent times has shown up with exaggerated bearishness to the downside it is in a trend which is not yet highly strongly bearishly to the downside and which formed several attempts to reverse however did not yet fully manage to reverse, nevertheless Bitcoin Cash has the ability to show up with a sufficient reversal when the right price-actions determine, in this case, I discovered all the important levels and likely destinies we should consider with the established structure and upcoming movements. Structural Developments: As when looking at my chart now we can watch there how Bitcoin Cash has formed this main descending-channel-formation within the structure marked with the boundaries in blue, within this channel LINKUSD has the coherent wave-count with the waves A to C already fully completed and now with the wave D running directly into the upper boundary of the channel that is still strong resistance and likely to show up with a bearish bounce to the downside, when this bounce emerges it will be the origin of the wave E to the downside and will continue bearishly till there is support found in which Bitcoin Cash can reverse and stabilize to form a potential reversal and breakout above the boundary of the channel. Upcoming Determinations: Taking all these factors into consideration Bitcoin Cash is in a situation in which it has developed this great structure that can indicate a potential reversal when Bitcoin Cash manages to show up with the right price-action this means that Bitcoin Cash needs to finalize the wave-count and approach the lower levels of support, in this case, Bitcoin Cash has the confirmational-bounce-cluster lying there marked in blue where several supports coming together, this level needs to hold and Bitcoin Cash needs to bounce within, otherwise when this does not happen and Bitcoin Cash increases with bearish pressure below it will invalidate the formation and show up with further bearish pressures, therefore, it is necessary to elevate the proper validations. Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
2
BCH - Be PreparedHi, this is mye new update for BCH. In the last 12 days BCH has fallen 25% and this gives us a good discount compared to the other coins. After a big fall from $610, we have now find support around $440 and we saw yesterday that the SMA100 held very well and we got a beautiful double bottom in RSI and that indicates we have reached the bottom and now we are going up. First resistance for BCH is around $535-550 and once we get above it we are going to test the resistance $610-635. So be prepared and don't PANIC, good things take time.
BITSTAMP:BCHUSDLong
by GOAT1375
2
BCH - Testing the waters on this oneNever traded this one, so this will be a learning experience. Saw BCH bounce off the lower BBand, and Stoch shows it coming off of an oversold condition. MACD does not agree, but looking at the past movement, my MACD settings may be too slow for this timeframe. It seems like every time MACD confirmed, BCH was done moving in whatever direction that was, and turned around. I've been really doing my homework on crypto, and the more I learn about it, the more I think its all fake money though. I'm expecting it to all come crashing down, but my FOMO is so strong, I have to participate.
KRAKEN:BCHUSD
by SPY_Trader
BCH - The flatlined MACDIn the chart, I've highlighted a few artifacts in past periods that reflect the current situation and point toward a common outcome. There are two previous periods identified: * July 18, 2020 - MACD flat, lightly declining price, and a small intermediate peak in the RSI falling away into a price spike. * November 17, 2020 - MACD flat, lightly declining price, and a small intermediate peak in the RSI falling away into a price spike. And of course, we have the very same elements coming together today: * MACD - flat * Price - is lightly declining and * RSI - a small intermediate peak falling away. * All that remains is the price spike. Does this provide the indication of what the break will be? How high will it go?
COINBASE:BCHUSDLong
by Crypto-Swing
2
Bitcoin Cash (BCH) - March 22Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- You should watch for any movement that deviates from the 494.98110330-600.59767260 section. In particular, it remains to be seen if it can rise along the uptrend line (2). If it falls at 435.40010001, you need Stop Loss to preserve profit and loss. ------------------------------------- (BCHUSDT 1D chart) It remains to be seen if it can rise above the 599.94 point by following the uptrend line. If it falls between 448.01-485.99, Stop Loss is required to preserve profit and loss. ------------------------------------ (BCHBTC 1D chart) We need to see if we can move sideways by ascending to the 0.009703-0.010454 segment. If it falls, you need to make sure you get support at 0.008467. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator published by oh92. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not trading 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
3
Bitcoin Cash (BCH) BROKE RESISTANCE!!! Sideways trading or MOON?Hey everyone, we broke through the major resistance on the daily timeframe. We already had a solid bounce off the previous resistance testing as support. Now we are waiting for a slight pullback to enter long in addition to our environment on the 4H to give us a bullish context signal. Trading is a game of patience. If you are looking to invest dollar-cost averaging is your best option as a trader we are prioritizing optimal entries over FOMO.
KRAKEN:BCHUSDLong
by PlutusX
BCH/USD - Time to decide: Pump to $1,000 or death under $400!BCH is approaching a decision time. We are in this symmetrical triangle which is normally a continuation pattern (bullish in this case). For this to confirm, we need to break-up and move above $620. This would confirm BCH is ready to pump and aim for $1,000. If we fail to do so, we break-down and pierce the parabola in yellow and we fall towards $400... then we're turning quite bearish... but for now that is unlikely. The daily indicators are not very clear and rather flat. Volume has been low in the past two weeks. So we really need to see how this pattern resolves to get clarity. On 4h the indicators are bullish, so I am bullish on this formation which will be confirmed once we break out of this triangle. We really need to break-up here, otherwise we will turn quite bearish on larger timeframes such as 3d and weekly. We should find out where we go around this coming weekend. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
BITSTAMP:BCHUSDLong
by DU09
5
$BCH technical Analysis Bitcoin Cash is currently showing consolidation between 515 and 530 area. We can see price is now above 100MA, which is now acting as a strong support. As price seems to trend with 100EMA. We can also see price is being respected on its trend support, which is a critical level. MACD is showing a possible bullish crossing. If price decides to move up from here, we can possible see a minor rejection / reversal at 0.618 FIB level ($645) If 100MA & Trend support is broken, price is likely to touch next support cluster at around $445.
COINBASE:BCHUSD
by BigLava
10