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Bchusdlong

BCH's massive move, time to keep it on your radar!You can hate on Bitcoin Cash all you want, but Bitcoin Cash has outperformed all of the other cryptos by far. it took just 2 WEEKS for it to DOUBLE. 2 BLOODY WEEKS! What is really tricky about this is identifying a trading opportunity, which right now I don't see any. I do think it's a good time to take some profit. You could risk shorting it as the charts indicate we are in oversold territory by a couple factors: 1. RSI in oversold territory 2. Hitting a resistance zone. BUT, a lot of people are just arbitrarily converting there BTC into BCH which has driven it up a TON and has kept MACD looking really good. Which is why I am not going to risk shorting it. I want to throw this out there to make sure people keep it on your radar as it made a lot of people a lot of money, and it's worth notating. We'll want to watch what happens if it pulls back and what it does at this $1,000 support zone/fib zone we have here. Happy Trading, -Sherem
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by Sherem
4
BCH/USD cloud breakout targets 1600s, stay long on dipsBCH/USD extending upside from multi-week lows of 603.30, bias higher. The pair has taken out 1400 handle and has hit 9-week highs of 1438. Price action has shown cloud breakout which raises scope for further upside. Technical studies support upside, momentum with the bulls. Next major resistance above 23.6% Fib lies at 1644 (Feb 18 high). Immediate support lies at 1194 (cloud top) Support levels - 1194 (cloud top), 1169 (5-DMA), 1005 (55-EMA) Resistance levels - 1473 (23.6% Fib), 1644 (Feb 18 high), 1700 Good to go long on dips around 1300/1350, SL: 1200, TP: 1475/ 1550/ 1640
COINBASE:BCHUSDLong
by FxWirePro
2
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.
BLong
by Coin_Analyst
4
BCH/USD shows 'Symmetric Triangle' breakout, go long above 2540 BCH/USD has shown a decisive breakout of 'Symmetric Triangle' pattern on 30 minute charts. Technical studies are also bullish, which support further upside in the pair. RSI strong above 50 levels and biased higher. Stochs show bullish momentum. We also see +ve DMI dominance with ADX support. The pair faces immediate resistance at 2540 which is nearly converged 100-SMA and cloud on 30 min chart. Decisive break there could see test of 61.8% Fib at 2734 ahead of 2832 (78.6% Fib). Bullish invalidation likely if the pair retraces into 'Triangle'. Support levels - 2513 (23.6% Fib retrace of 2956 to 2377 fall), 2474 (1H 100-SMA), 2450 (trendline/ triangle top) Resistance levels - 2540 (1H 50-SMA, 30 Min 100-SMA, 30 Min cloud), 2734 (61.8% Fib), 2832 (78.6% Fib) Good to go long on breakout at 2540, SL: 2450, TP: 2670/ 2735/ 2830
COINBASE:BCHUSDLong
by FxWirePro
1
BCHUSD - Bull flags, pump imminentA bull flag fractal pattern is draw on the chart. We should see a 5 wave impulse, the first wave to test 4k, wave 2 to retrace, wave 3 to attempt again and breach 4k, 4th wave will find 4k as support, and wave 5 could go up to 4500 or beyond (hard to tell where it might end because we are at all-time highs). Also, just because crypto charts seem to love triangle corrections, I've outlined a probably ABCDE correction. Let's see how it pans out.
BLong
by unaveragejoe
3
BCHUSD demand zoneOn BCHUSD we can see a clear triangle right now. Technical analysis can´t tell us for sure where the price is going to leave this triangle (even when there is a strong support at 1430 USD). But we have also something fundamental in the game now. On 7th of December, BCH will be listed on Bitstamp exchange, so much more people will be able to trade it. This is supposed to move the price higher. How much higher? First step is to cross over the resistance on 1800 price, the second one is 2000 USD. My trade advice: 1st Buy (50%) - Now (1510 USD) 2nd Buy (50%) - 1450 USD (if the price drops there) 1st Sell (50%) - 1790 USD (20% profit) 2nd Sell (40%) - 1990 USD (35% profit) 3rd Sell (10%) - 2500 USD (70% profit) (if it doesn´t reach that, sell it on 1750 level) Stop loss: 1300 USD (12% risk) Good luck!
BLong
by Andy2019
3