Bitcoincash
Bitcoin Cash, Potential Flag-Formation, How It Completes!Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. Bitcoin Cash bounced with this initial bullish move to the upside where it now firstly pulled back however these pullbacks were not that strong and Bitcoin Cash managed to hold the structure in which it now established this descending-channel-formation with the coherent wave-count within and the waves A to C almost already completed. When Bitcoin Cash now moves on to stabilize further in the structure this can lead to a sufficient breakout above the upper boundary and when this happens it will be the setup for further continuation and completion of the channel-formation as a bull flag. For now, it is important to elevate how Bitcoin Cash moves on with the potential breakout, it will be an interesting journey ahead.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Bitcoin Cash (BCH) - June 2Hello?
Welcome, traders.
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Please also click "Like".
Have a good day.
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(BCHUSD 1W Chart)
(1D chart)
You should watch for any movement out of section 625.76-785.84.
If it goes down, we should see if we can move up along the uptrend line.
If it falls from the 625.76 point, a Stop Loss is required to preserve profit and loss.
If it finds support by moving towards the 785.84-865.88 section, I would expect a reversal of the uptrend line.
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(BCHBTC 1W chart)
(1D chart)
It remains to be seen if it can move above the 0.018878 point to find support.
If it goes down, you should check to see if it finds support at the 0.016063 point.
To convert into an uptrend, it needs to rise above the 0.019459 point and find support.
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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.
------------------------------------------------------------ -----------------------------------------------------
** 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, With A Potential Finalization Of H-S-Formation Upcoming!Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 45-minute timeframe perspectives. As Bitcoin Cash recently bounced in the structure and is somewhat holding the range I discovered a very interesting formation developing which is actually an inverse head-and-shoulder-formation with the left shoulder and the head already completed and now Bitcoin Cash is about to form the left shoulder in the structure, therefore, when Bitcoin Cash manages to bounce within the 100-EMA in red and the ascending-support in dashed-grey lying also in this structure this can be the sufficient origin of a breakout above the neckline which will complete the formation bullishly to the upside and will activate further continuations with the testing of resistances upper in the structure.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
BCHUSD - TECHNICAL OVERVIEW FOR DAILY & WEEKLY TIMEFRAMEWelcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
Bitcoin 2018 -> What happening here?
We got same accumulating phase we got same break we got same crashed then we got same -> accumulating phase and after ATH + Supply demand zones at ATH we broke we start huge rally, why? Because here always start huge news in TV,Internet, Twitter everywhere. Mainstream going Public -> Greed -> New Paradigm. I'm wont say anything it happening about now but we talk in next Idea. (Because i'm still cant put URL in ideas need 10 reputation)
We again got same patterns like before and now in 2018 market. Big crash big buys and got huge volatility because creating new cycle. Also starting again start same fuds like 530M worth hack of largest Japan exchange like (2013) But biggest problem we got same channel.
Bitcoin 2013 vs ->Okay guys let's talk about Bitcoin in 2013 everyone said its can be same like now and what we seeing?
We got same accumulating phase we got same break we got same crashed then we got same -> accumulating phase and after ATH + Supply demand zones at ATH we broke we start huge rally, why? Because here always start huge news in TV,Internet,Twitter everywhere. Mainstream going Public -> Greed -> New Paradigm. I'm wont say anything it happening about now but we talk in next Idea. (Because i'm still cant put URL in ideas need 10 reputation)
🆓Bitcoin Cash (BCH) May-19 #BCH $BCHWe can start accumulating BCH at 2 zones : 800$ and 900$ zone.
BCH can generate new rally up to 1300$, 1700$ and even 2000$ in June
📈BUY
-Buy: 900-940$. SL if B
-Buy: 1270-1330$ if A. SL if B
📉SELL
-Sell: 1270-1330$. SL if A
-Sell: 1660-1740$. SL if A
-Sell: 1950-2050$. SL if A
♻️BACK-UP
-Sell: 900-940$ if B. SL if A
-Buy: 780-820$. SL if B
-Buy: 680-720$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Bitcoin cash (BCH) - May 18Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BCHUSD 1W chart)
(1D chart)
It remains to be seen if it can rise above the 1106.01 point along the uptrend line.
In particular, it remains to be seen if it can rise above the 1168.80 point in order to maintain the uptrend.
If it falls between 785.84-865.88, you need a Stop Lsos to preserve profit or loss.
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(BCHBTC 1W chart)
(1D chart)
We must see if we can move above the 0.024777 point and break off the downtrend line.
If it falls, you need to make sure you get support in the 0.021692-0.0231 range.
If it falls between 0.021692-0.0231, a short Stop Loss is required.
However, it may rise along the uptrend line, so careful trading is necessary.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** 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 the sake of 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)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 and 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: Cigar at the time of opening
(Example) Gap (G1-G2)
BCH/USDT ANALYSISBCH/USDT seen here on Bittrex touching our support line of $1181 so now we can see a sideways movement or a pivot to upside or downside.
We have a bullish MACD touching on the 4HR so we will watch this, if support of $1181 holds we can see $1382 short term target to take profit, I will personally
not enter here but for shorters you can open short here and wait for $1040, I will wait for more confirmations before entry
We also see a local resistance at $1319 that is not marked by FIB levels.
Support: $1181/$1040
Resistance: $1319/$1382/$1638
As always use 3% SL or SL at your discretion to protect your funds