BCHUSDT🌟why is the entry point lower than the current price? the answer is there is a pattern forming which makes the chart lose some value and correct itself so that's our golden point of entry point to enter in lower prices
🌟can BCH be as successful as BTC ? at the time being not yet although all the blockchains are the same but there is more effort and more focus in BTC but as an alternative plan in long term this alt can shine more than you think of or your imagination
🌟why investing BCH rather than BTC ? we never told that a portion of your bag is always the BTC which moves the market but if you have some in BCH you can participate in getting profit while the BTC dominance is lowering time to time from alts
👉This idea has the confirmation of "advanced price action" 👍
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Bitcoincash
Bitcoin- where to buy?Since the recent 30k low, BtcfUsd has risen 50% in a very short period of time.
At this point, a correction could follow and in my opinion, 45k is not a good place to buy.
I will wait with my buying orders for the price to roll back and 40.500-41k is the zone that I'm looking for
48K is set as the next target!Hi guys, Another analysis on Bitcoin.
Market is Emotional and High oscillation therefore yesterday analysis on BTC touched mentioned target too soon.
Current trend is bullish There is no word on this! But price can not go higher without pullbacks and corrections.
My expected path for Bitcoin is visible on the chart.
A weakness must be seen around 43800-44000, This is PRZ zone which I expect a reverse and pullback up to 40700-41500 area.
After that You can see 48000$ Bitcoin!
Important Indicators shows a possibility of pullback
RSI = 71.5 = Over bought = Potential reverse
EMAs = Price has come a long way from them = Potential reverse
STOCHASTIC = Over bought = Potential reverse
See related analysis
GOOD LUCK
bch - bitcoincashIf it crosses its heavy resistance, which coincides with the Ichimoku cloud, it can move towards the set targets (in the medium term, it can see the third target).
The good news is that the Ichimoku cloud is thinning, which I hope will lead to the formation of a green cloud, which is the first sign of growth in the near future.
BCHBTC Moving in the Bullish Channel
Welcome back Traders, Investors, and Community!
Hi Traders, BCHBTC on H4 is moving in the Bullish channel. The last green candle indicates that I can go higher from now
⬆️Buy now or Buy at 0.013323
⭕️SL @ 0.012505
✅TP1 @ 0.014470
✅TP2 @ 0.015230
✅TP3 @ 0.016080
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
MEGA DUMP, READY FOR BITCOIN CASH CRASH?Top down analysis from Monthly , weekly , daily and intraday timeframes.
Angles of Analysis:
1: Technical ( No news)
2: Price action( Behaviour around high time frame candle closes, and wickes on 1hr and lower time frames)
3: Indicators(EMA trendlines, volume, Momentum Oscillator, Money Flow Index )
Bitcoin Cash (BCH) - July 31Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(BCHUSD 1W Chart)
If the price holds above the 517.20 point, we expect the uptrend to continue.
(1D chart)
We need to hold the price above the 517.20 point to see if it can turn into an uptrend.
We need to see if we can continue the uptrend by moving above the critical section of 624.90-702.98.
If it falls in the 435.70-517.20 section, it is possible to enter the mid- to long-term investment area, so careful trading is required.
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(BCHBTC 1W chart)
We will have to see if we can turn to an uptrend by moving up towards the critical interval of 0.024438-0.034064.
(1D chart)
We will have to see if we can find support by moving up towards the 0.014655-0.016063 zone.
If the price holds above the 0.016063 point, we expect it to turn into an uptrend and move higher.
Since the 0.014655 point is a section with a high probability of entering the mid- to long-term investment area, careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
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 strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: BCH is forming an inverse head and shoulders pattern but it is still an idea. so we are waiting for the right shoulder to form to consider it valid. (projection in purple)
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BCH Buy the break.BCHUSD - Intraday - We look to Buy a break of 454.4 (stop at 442.4)
A break of bespoke resistance at 450.0, and the move higher is already underway.
The previous swing high is located at 453.
Short term bias is bullish.
Our profit targets will be 488.8 and 49.8
Resistance: 450.0 / 460.0 / 480.0
Support: 440.0 / 430.0 / 420.0
Bitcoin Cash a false breakout?😱Bitcoin Cash could make a false break of the local top, volume is up and ATR is close to 200%. All this signals that a false breakout could happen.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTC daily review: What a impressive move Bitcoin**Welcome to daily Bitcoin analysis**
Wow, what a move on Bitcoin this morning, that daily RSI breakout meant something didn't it.
I was waiting for a retest of $33K to add more to my position, but that's how Bitcoin works, it surprises everyone.
Look at the linked idea published last month, I was expecting a short squeeze for a while now but it took a lot of time to play out.
Now that we have this move, I guess this is not the very bullish scenario for Bitcoin the move is just too fast out of nowhere and it tends to die down slowly.
Let's see how it plays out in the coming months.
Happy trading!
Bitcoin sell the downtrend.Bitcoin - Intraday - We look to Sell at 34388 (stop at 35076)
Daily signals are bearish.
Trend line resistance is located at 34300.
The previous swing high is located at 34677.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Preferred trade is to sell into rallies.
Our profit targets will be 32511 and 31511
Resistance: 33500 / 34500 / 35500
Support: 32700 / 32000 / 31000
A Wonderful Buy The Dip Opportunity of Bitcoin Cash (BCH)Down channel:
On the daily time frame since the month of May 2021 the price action of Bitcoin cash is moving in down the channel. After hitting the support of this down channel on 22nd June the price line reached the resistance and for the past several days, the price action is still moving at the resistance of this down channel and not reaching the support again.
Support and resistance and SMAs:
On the weekly time frame it can be seen that after getting rejected by the strong resistance of $1,600 the price line of Bitcoin cash has moved down drastically. It can be also observed that priceline has finally found very strong support at $400 level and this is key level support for the price action of BCH. Because previously it has been working as a support and resistance as well.
Now the next resistance is at $600, $750, $1000, $1600, $1800, $2200, $3000 and $4000 respectively.
At the same time, the price action is also moving at the 50 simple moving average support and after that, we have the 100 simple moving average support on the same weekly time frame chart.
Big shark:
On the 4-day chart, the price action o BCH has formed a bullish Shark pattern. The priceline has already visited the oversold zone as it was dropped up to $468 and moved up. However, this time the priceline has completely entered the buying zone of bullish Shark and giving another chance to catch it from the buying zone of this pattern. There is also 100 simple moving average support in the potential reversal zone. The buy and sell targets as per the Fibonacci sequence of this bullish Shark are:
Buy between: $530 to $340
Sell between: $789 to $1265.42
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $340. As per the above targets, this trade has a profit possibility of 270%, and a high loss possibility of up to 36%.
Conclusion:
Even though recently the price action of Bitcoin cash faced strong downtrend on the short-term and the mid-term. But the way the price and is moving at the resistance and making several attempts to break out the resistance of the down channel and the formation of a very big bull Shark are signaling a massive break out soon.