Bchusdt
-35% correction for Bitcoin Cash? (BCHUSD)With the Relative Strength Index (RSI) for Bitcoin Cash (BCHUSD) being so high right now, I believe that we could see a correction of around -35% for bitcoin cash soon when the price retests previous support/resistance levels.
However there could be a little room to see BCH rise in price in the next few days before that happens.
Bitcoin Cash (BCH) - January 10Happy New Year!!!
Dear traders, nice to meet you.
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We have to see if we can get support by ascending to the 574.28197715-602.96555936 section.
If it falls at the point of 435.40010001, a Stop Loss is required to preserve profit and loss.
(1W chart)
It broke above the 435.40010001-501.0 section, breaking from the lows section.
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** 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 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 conventional 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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Bitcoin Cash Daily Technical Analysis. Ladies and Gents
After breaking out of a crucial zone which now has turned into support after retest, Bitcoin Cash will be trying to test the confluence of ATH and ascending trend line's top once again. The green trendlines now act as dynamic supports. We will update this pair in a couple of days to see if ATH breaks.
Have A NICE WEEKEND eveyone.
Bitcoin Cash (BCH) - January 3Happy New Year!!!
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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It remains to be seen if it can rise along the uptrend line (2) and then break above the 367.31848226 point.
If you get support at 367.31848226, we expect further gains.
If it falls between 278.26196606-293.00097721, then Stop Loss is required to preserve profit or loss.
We must watch for movement to ascend above the 435.40010001 point.
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** 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 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)
new year ,new beginning! our first analysis for BCH/USDT!Hi every one
BITCOIN CASH / TETHERUS
happy new year!!
in our first analysis of 2021 we want to talk about some interesting stuff about BCH/USDT ! so if you look at the chart you can see that the chart is in a Elliot wave principle but it's not a normal wave pattern It's flat wave pattern!( ((B)) is as high as wave 5 so ((C)) can't go lower than A)
there is also a regular bearish divergence(-RD) which will make it more likely to happen.
anyway tree trader team wishes you the best of things! may you always be healthy and rich!
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.
BCH/USDT Preparing for Big MoveSince BCH hit the resistance of the December 21st high, the price has been consolidating. Clearly, the price is forming a neutral wedge at the moment.
Highs and lows are gravitating towards each other, indicating that both buyers and sellers are preparing themselves for a break-out.
If you're wondering how to trade this setup, just wait. Wait till the price has broken through either the upper or lower trend line with sufficient support. If you're cautious, wait for the price to close beyond the yellow confirmation lines. Do your own DD.