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BTC(LONG OR SHORT) 🔥🔥🔥BTC currently approaching a support area and it reacted with a bounce upon touching the support. we could see possible scenarios either BTC breaking the support or reversing at the support level. Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
COINBASE:BTCUSD
by Thewest-sidetrader
BCHUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. Te price has had a sharp fall in the bearish channel. It has shown reaction to the S1 line. You can set a Buy order here for the R1 area which is a supply area and also R2. The S2 zone is also another good area where you can set another Buy order. You can set two Buy orders. One at the S1 line and the other at the S2 zone for the next resistance. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
2
Bitcoin Cash (BCH) Buy ZoneBitcoin Cash (BCH) Buy Zone -------------------- BIAS Mid-Term : Bullish Long-Term : Neutral Risk : Medium With the bigger picture remaining bullish, the shorter time frame picture has become pretty grim for the bulls. Currently ranging at around $290, Bitcoin Cash has reached the major long-term support we've been forming for the last 3-4 days and one that when broken trend-line will determine where we'll be heading to all targets for the next two weeks. -------------------- $BCH/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 270 - 295 TP 1 : 304 TP 2 : 317 TP 3 : 331 TP 4 : 360 TP 5 : 384 TP 6 : 405 TP 7 : 431 TP 8 : 472.5 Stop Loss : 244 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
3
Bitcoin Cash? More Like Bitcoin CRASH!Bitcoin Cash (BCHUSD) has continued to pull back lower and sharper. We have hit a support at around 262, which may be the final low for our GREEN primary pattern. Green Primary Pattern Breaking the December 3rd low tells us that we are now pulling back deeper in a more conventional 5-wave C-wave instead of a 3-wave zigzag. If we are done with the correction or close to done, we'll have a to see a sharp impulsive 5-wave structure up really soon! Seeing anything other than this would more or less invalidate the GREEN pattern. RED Alt Pattern Turning back up and rallying in a clear 3-wave structure would make it very likely that the RED is the primary pattern in operation. This would call for a corrective bounce back up before a much deeper crash to complete the larger impulsive C-wave down. However, I am seeing this as a smaller and smaller possibility as this leg of the pullback is getting too far stretched downward to be counted as only a 1st wave. Breaking below 219 makes it far more likely that the PURPLE pattern is in operation. PURPLE Alt Pattern Stretching directly lower would instantly make the PURPLE pattern our primary. While the chart shows BCH going as low as 115 or so, there are several strong Fibonacci confluences below, any of which could form a bottom. The 186 extension is the point at which the C-wave would be the 1.00 extension of the preceding A-B structure, and this is typically the strongest possibility for the end of a correction. Seeing any kind of impulsive 5-wave rally upward would likely signal the end of the PURPLE correction. Check out my YouTube explainer vid on BCH! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
KRAKEN:BCHUSD
by Critique-al-Thinker
BCHUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. Here is the S1 support line which the price has hit several times and was supported. Now also it is ranging close to it. You can set the Buy order at the S1 line and keep the Stop Loss. If it falls below the S1 line, then there would be more falling. You can sell half of your assets at the R1 line and the other half at the R2 line. If it breaks the R2 line then it can see higher prices. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
2
If Litecoin Will Outperform BTC, Will BCH Outperform LTC?I noticed a lot of twitter talk on the LTCBTC ratio chart about to breakout. A very nice looking chart pattern. My question is if LTC is about to outperform BTC, why not BCH outperform LTC? It seems to be forming a similar pattern to LTCBTC. They are both highly correlated cryptocurrencies as well. Both LTC and BCH seem to have fundamental catalysts that could push them higher. Mimble wimble upgrade for LTC, and the SmartBCH sidechain for BCH. Will be interesting to watch how it plays out. Please comment. Thanks!
by jaepayne
3
1INCH possible entryRather neutral market structure on the weekly timeframe so let's take a look at the daily. Here we can also see no real longterm trend. What we can see is a downtrend happening since the beginning of November. I have defined two key resistance areas where the first one is also a key psychological area at $3. As you can see by my many arrows there are more than enough S/R contact points on both levels (my sincere apologies for the arrow overload). In terms of candlestick we have a three white soldiers pattern with strong bodies forming. If we can break the trendline, I'll be looking to enter with a conservative target around $3 and a more aggressive target at $4. How are you feeling about this?
Long
by Coinathlon
Bitcoin- Are bulls in the first stage of grief: denial?I know I will get a lot of hate writing this post, but really, are bulls in denial? I'm bearish BTC since it was around 60k and since then I've read all types of analyzes and arguments why Bitcoin should rise. If is not this support, then the next one, if is not this, a moving average, a trend line drawn just to fit the purpose or an Elliott count, anything, just to say UP. This is spelling one thing to me: Denial. Let's face it, Bitcoin is in a downtrend now. For how long? nobody knows, but now is not the time to buy simply because you are trading hope, not what the chart is telling you. Technically speaking, as I predicted, Bitcoin dropped and reached my target of 41k zone support From this zone a rebound is likely and BtcUsd can rise and retest the new 46k resistance. Here bears should be strong and I expect a continuation of this new downtrend and finally a break under 41k support. In conclusion, I would not be surprised if Bitcoin will drop to 30k zone.
BITSTAMP:BTCUSD
by Mihai_Iacob
114
BCH - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BCH is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: BCH is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:BCHUSDLong
by TheSignalyst
11
BTC is near critical support, Can this downtrend be continued?#BTC Short term Analysis Bitcoin rejected from 52k-53k area rapidly, The only support that we can bet on that is 45500$. Breakout of this major descending trend line made me happy BUT it looks like it was just a fake breakout.(Bears have full control) If the 45500$ support is lost, the price will drop emotionally up to 42000$ and 40000$ support areas. I hope price can hold 45500$ support area, In this case we will move in this big trading range like past.
by TahaZargar
1
Bitcoin- New leg up is probableIn my previous Bitcoin analysis I said that although I'm quite bearish in the medium term, a leg up can happen on Bitcoin. Indeed, we had this first leg of correction with BtcUsd rising from 45.500 to 49.500. Now Bitcoin is in a slight correction of this first leg up and is dropping slowly putting in a flag pattern on our short-term chart. A new leg up is pretty probable at this moment and my target for this correction can be reached (52-53k zone). As I said multiple times, only and only Btc above 53 would change my medium-term perspective to bullish.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
25