FREE ANALYSIS ON BCHUSD - >>FREE ANALYSIS ON BCHUSD
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15 Min
we can see a small bearish momentum forming. Currently MACD is showing bearish divergence and same on the Stoch RSI.
1 HOUR
Price broken out of the 3 MA's on the chart. Buyer interests also increasing with STOCH RSi turning up. My MA 100 and MA 200 also about to cross over so we might see some bearish move before we see the move up continue. Also a triangle is forming indicating a breakout soon.
4 HOUR
Bearish. Price below the MA's and in fact tested the MA 100 and was rejected. All MA's have converged, we should see start of another break out.
1 Day
Bullish. We are see a correction of the previous bull move up. Price tested the 100 MA. Hidden divergence found on MACD and Stoch RSI. expecting move move up.
OVERALL
bullish Outlook for BCHUSD
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Bchusdbuy
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 Now in lower low zoneBCHUSD Now in lower low zone. We hope market goes up form this level for next target zone in up side.
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 bullish bias: 1 hour timeframe wave analysisThe 1 hour timeframe of Bitcoin Cash (BCHUSD) is labeled in this analysis with price swing from June 28, 2018 to July 18, 2018 identified as a regular flat (3 wave) Elliott wave structure. This is currently followed by further correction as labeled on the chart, which implies a higher price for Bitcoin Cash (BCHUSD).
Correction that originated from July 18, 2018 downwards is expected to find support within the region of the horizontal blue lines indicated on the chart (i.e. 749.30 and 700.0). These are the 100% and 138.2% retracement of wave a by wave c respectively.
The arrow indicated on the chart shows the trajectory for price if Bitcoin Cash finds support in the region mentioned above.
Target for the trade is placed between ~984.60 and 1009.70 at which point Bitcoin Cash is expected to encounter resistance.
Point of invalidation (POI) of this analysis is a price close below ~669.60 at which point the assumed wave c would have retraced 161.8% of wave a.
BCHUSD Ready for goes up from multiple support zoneBCHUSD Ready for goes up from multiple support zone.
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
BCH $$$ in the PocketWe have BCH breaking out and consolidating. There are multiple patterns and supporting price action at many levels.
Zooming out on the daily again presents a very strong case to acquire and HODL
I have labeled basics to paint a picture for you. Research BCH and analyze your risk.
Regardless of recent bad news, remember BCH transactions are faster and cheaper than BTC. And we are nowhere yet near mass adaption.
We are literally picking coins off the street ( plenty of them LOL)
HODL ON
BCH/USD TRADE SETUP - MEDIUM TERMBCH/USD MEDIUM TERM TARGET 1300-1600 - Cleared Resistances with ease
BCHUSD V-bottom and breach of trendline:4hr tf analysisBCHUSD (Bitcoin cash) hit a high of ~$3930 on Dec. 20, 2017 after which it sold off. A bearish trend line is used on the chart to indicate the bearish move in price of BCHUSD ever since. Price action can be seen to form a V-bottom (bullish signal) on Feb. 6, 2018 from where price went on to break the bearish trendline on the 4hr tf on Feb. 14, 2018, which is a sign of a resumption of a bullish trend, even if temporary.
In addition, BCHUSD (Bitcoin cash) also seems to be currently forming an inverted Head and Shoulders pattern or (Head and shoulders bottom). I have drawn the neckline on the chart. Price needs to close above the neckline (close above ~ $1,290.76) for the Head and shoulders bottom to confirm. The Head and shoulders bottom is ideally a bottom reversal pattern but it can also show up as a continuation pattern which I suspect it is in this case.
The range for the target area is between $1,918.18 and $2,102.72
A close above the neckline (close above ~ $1,290.76) can be used to initiate a long position with a stop loss placed just above support area 1 (i.e. ~$1,198.50). The bottom range of the Target area can be used to take profit for example. Using this ideal scenario, risk on the trade = $1,291 - $ 1,198.50 = $92.50
Reward = $1,918.18 (bottom of Target area) - $1,291 = $627.18
Risk/reward ratio = ~ 6.7:1
Failure of BCHUSD to resume its uptrend and closure below Support area 1 (between $1,130 and $1,190.52) does suggest that Support area 2 (between $999.49 and $904.91) will be tested before another bullish move can be sustained in BCHUSD, even if temporary.