BCHUSD
Bitcoin Cash Price in Symmetrical TriangleBitcoin cash BCH price is moving in triangle you can buy here at the trend line support with stop loss below 7%
Bitcoin cash price also holding 100 EMA support on 2 hour time which is really good sign
Long : 485 below
Stop : 450
Target : 500 , 530 , 580 , 640
dead cat bounce Everything would indicate that there is no strength to keep going up, that there is no more gas. Since the miners began to sell their positions in December, an exit bubble was created to close positions. Once they finish liquidating enough (see MPI index (miners position index)), I believe that the price will be corrected to the level that the market considers it should be.
Obviously if the US continues to expand its quantitative plan there is no doubt that commodities and crypto will benefit.
What to Expect from Bitcoin Over the Next Year?Projecting into the future is fun, informative, and imprecise, but I can see both 14K and 20K as areas where major selling pressure could come in.
It won't be enough selling pressure to keep the price going down too long, though, and will break through those levels. Call me bat sh*t crazy if you want but there's so much bullish energy in the chart and surrounding crypto that I don't see any way this won't happen. I've been around long enough to know how this works. Anyway it'll be fun for me to look back and see how it all turned out.
Two main scenarios I'm looking at:
A. Bitcoin makes a pit stop at 14K as profits are taken, then Bitcoin makes a pit stop at 20K where profits will be taken.
B. Bitcoin guns directly to the All Time High at 20K and we have a second medium-sized bubble in 2020 that bleeds down to the parabolic adoption curve before breaking back up.
Neither of these two scenarios changes my strategy. I'll be placing longs at certain percentage points under spot and moving those longs up with the price so I catch any dips from here on out.
I hope my Technical Analysis helps you and the community. If it has value please moon the likes and follow my profile.
Peace, Love, & Crypto,
B166ER
Bitcoin Cash (BCH) - January 15Happy New Year!!!
Dear traders, nice to meet you.
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The volatility around January 17th (January 16-18) has to watch for movements that deviate from the 454.59999980-574.28197715 range.
Specifically, you need to see if you can get support at the 501.0 point and climb along the uptrend line.
If it is supported at 602.96555936, it is expected that there will be a move to break above the 709.05000005 point.
If it falls at the point of 435.40010001, there is a possibility of a downtrend, so a short stop loss is needed.
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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for 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.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 or 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
BCH - Falling Wedge/IHS SetupBCH looks to have a bullish reversal forming on the daily. You can see the price action has been moving within this pink falling wedge since beginning of last year. BCH broke through resistance just the other day only to get pushed back under. However, the price is sitting on strong support as it rounds out that right shoulder. Unlike most alts which have had some bull runs of their own this year, BCH has not. So if this breaks to the upside, we could see a very strong move even beyond my IHS target.
BCH/USDT in near futureHi every one
BITCOIN CASH / TETHERUS
BCH/USDT is about to form a head and shoulder which if it happens and the neckline breaks we shall see a decrease in the price otherwise we won't see the fall of price.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea .
Have a nice day and Good luck.