WILL BITCOIN CASH BREAK OUT!! MASSIVE GAINS AHEAD FOR ALTS!!Bitcoin cash has been within an ascending triangle since the may high and i have been paying close attention to the behaviour on the charts.
I have key areas on the chart and BCH/USD has been reacting just as i expected!
Using the volume profile tool i measured within the triangle and have them marked out on the chart as POC (point of control) , VAH (value area high) VAL (value area low), as you see on the chart with this abc correction BCH/USD had a nice bounce from the VAL, and also confluence of the trendline from the bottom of the ascending triangle!
I will be now waiting for a reaction in and around the yellow line area on the chart potentailly for the top of a new wave one, i will then draw my fibs from swing high to low and look to add to my current position, by laddering my limit orders from the 0.618, 0.5 and the 0.382, with a stop loss under the swing low/VAL!
As you can see on the 4 hour RSI we have broken resistance, which usually means a new impulse wave.. Is this a new wave one ?
I will be following up with more alt coins so give me a follow, the alt market is starting ladies and gents, lets make maximum profits from this massive run up thats coming !!!!
Bchusdbreakout
BCH/USD BREAKOUT LONG & SHORT SET UP (HODL)DROP A COMMENT IF YOUR GOING LONG OR SHORT
The analyst has drawn the price target price at $225 level. As per the idea, the cryptocurrency will turn bearish and hit the $225 mark before turning bullish. Should the fall complete, the BCHUSD pair will move to a high near the $260 level.
Title: BCH/USD BUY SIGNAL
Asset : Crypto
Type : Limit Order
Time Frame : H4
Entry 1 $230.80
Entry 2 $206.40
Sl $168
Tp.1 $268.80
Tp.2 $298.80
Tp.3 $336.80
Tp.4 $396.80
Tp.4 $460.80
Tp.5 $540.80
Tp.6 $662.80
Title: BCH/USD BUY SIGNAL
Asset : Crypto
Type : SELL STOP
Time Frame : H4
Entry 1 $206.80
Entry 2 $200.80
Sl $268
Tp.1 $190.80
Tp.2 $186.40
TP.3 $158.80
BCH/USD LONG SET UP $400Key Highlights
• BCH/USD continues to see a series of lower highs in its market valuation.
• There is a likelihood that a notable move will soon experience past an upper range line at $280.
• A break of either of the two range points at $280 or $240 will signal a definite price direction in BCH/USD market operations.
Bitcoin Cash (BCH) Price Analysis
• Major distribution territories: $320, $360, $400
• Major accumulation territories: $200, $160, $120
There has continued to be a series of lower highs in the market valuation of BCH/USD. The base-crypto has relatively risen northbound, to hit a strong distribution territory at $280 as it had earlier done on April 8. Price now hovers around $280 and $240 price values. Price now hovers around $280 and $240 price values.
The bulls’ pressures are now seemingly gathering momentum on a weak mote. And, for the second time that the $280 mark touched, there is a likelihood that a notable move will soon experience past the price line earlier mentioned.
IF YOU MISSED SIGNAL AND WANT TO GET IN! USE THIS SET UP
BUY LIMIT BCH/USD
ENTRY 1 $245.50
ENTRY 2 $238.50
SL $230
TAKE PROFIT 1 $270.50
TP.2 $306
TP.3 $336
TP.4 $360
BCH/USD LONG SET UP FOR (BULL RUN BREAKOUT)Key Highlights
• BCH/USD continues to see a series of lower highs in its market valuation.
• There is a likelihood that a notable move will soon experience past an upper range line at $280.
• A break of either of the two range points at $280 or $240 will signal a definite price direction in BCH/USD market operations.
Bitcoin Cash (BCH) Price Analysis
• Major distribution territories: $320, $360, $400
• Major accumulation territories: $200, $160, $120
There has continued to be a series of lower highs in the market valuation of BCH/USD. The base-crypto has relatively risen northbound, to hit a strong distribution territory at $280 as it had earlier done on April 8. Price now hovers around $280 and $240 price values. Price now hovers around $280 and $240 price values.
The bulls’ pressures are now seemingly gathering momentum on a weak mote. And, for the second time that the $280 mark touched, there is a likelihood that a notable move will soon experience past the price line earlier mentioned.
IF YOU MISSED SIGNAL AND WANT TO GET IN! USE THIS SET UP
BUY LIMIT BCH/USD
ENTRY 1 $245.50
ENTRY 2 $238.50
SL $230
TAKE PROFIT 1 $270.50
TP.2 $306
TP.3 $336
TP.4 $360
Tp.5 $420
Tp.6 $500
BCHUSD UPDATE - WHAT NEXT? ANY THOUGHTS?Last time i analysed BCHUSD, i noted that we could be seeing
a support at the blue line as now confirmed.
This drop has coincided with the BTCUSD and ETHUSD drop
that we have all witnessed.
Stoch RSI is now crossing over now also, we could be seeing
the start of the uptrend.
on the 7th Nov BTCUSD was around $630 now dropped
down to just below $207. this has caused a lot of
pessimism in the market which i believe will bring
back the money makers.
caution, if this breaks below the blue line then we
are looking at another low. trade safe
like, comment and follow
BCHUSD to shoot up if BTC remains stableBitcoin Cash looks like it will bounce back to the upper trend-line to test it again. However, this move will see an increase by over 20%, while at the moment all altcoins incl BTC are low and looks like they go even lower.
Let me know if you think BCH is strong enough to do it?
BCHUSD to test the funnel ~100 pips opportunityBitcoin Cash to test the upper trend line of the funnel. The green area should be the deciding point on whether it is going to breakthrough or continue in the same manner. I look forward to hearing your ideas too.
Bitcoin Cash. Where we Go?And Long Levels
Bullisd Divergence 4H. Last wave of fall. Oversold. Channel creakout - trend will turn to bullish. My levels to buy