BCH - Ready for $1750? Hi, this is my new update for BCH. 4 days ago we lost our support level around $1300 and we tested the previous top around $1160 and it held very well. Now we have made a beautiful double bottom and we are battling against the resistance level $1300, so once we break it we are going to test the next one around $1500-1550 and if we break that too, then the next one is very big an it is around $1750. If we break the resistance $1750 then we are ready for ATH. So be prepared and don't panic ;)
Bitcoincash
Bitcoin cash attempts recoveryAfter the disaster caused by panic selling it is normal that there is an attempt to recover.
On Bitcoin cash there seem to be no particular obstacles to reach a sizeable price of USD 1608.
The only problem is that the market sentiment at the moment is very poor -0.88 means that for a few hours the price will probably have difficulty to rise.
This can be a good price to start taking positions without exaggerating.
My advisor Marketmiracle generated an entry notice at the price 1223 usd with target 1608 usd, I will probably wait a few hours and further confirmations before taking a position.
You can see all the input and output signals of my Marketmiracle advisor at marketmiracleadvisor.com
BCHUSDT waiting for a breakout_As you can see, its now landing on a great support
_Heikin Ashi has appeared a green candle again while landing on that 1202-1220
_A Stoploss would expect to be at $1210.32
_While aiming for that $1283.62 level
_Within the 2.66/1 risk/reward ratio as it has a thick cloud acting as resistance up there
_TDI appear as oversold over the 30mn TF
_Macd has slowly losing its strength, expect to cross over.
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A proper zone for long position in BITCOINCASH.First I have to note that crypto market is really volatile now! and if you are looking for trades in short time frames you have to use stop loss for your trades.
A resistance area has broken and now its a support for the chart, meanwhile two ascending trend lines are pushing the chart upwards.
Altcoins Update: BCHSince the previous post got hidden because of house rules. Here we go again:
Volume and Price action shows:
Target 1: 2627
Target 2: 6055
Target 3: 16957
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!
BCH - Another Leg up continuation on its Massive PumpBCH - Bitcoin Cash is a fork (variant) of bitcoin that was branched off in 2017. The technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash allows larger blocks in its blockchain than Bitcoin which, in theory, allows it to process more transactions per second.
BCH has underwent an insane run from 683 to 1611 from 23 April in mere weeks, now we see cup and handle formation playing out, and the formation of bullish pennant/flag where it hit an ATH at 1611 and pulled back to find strong support at 0.618 fib level ( 1250-1265 ). This area has held up 4-5 times, with strong bullish action upon touching this support zone. So now we anticipate a breakout of this bullish flag out of the top resistance line, good entries are at the bottom of the flag where the support is at 0.618 fib around 1308 - 1257. From here we look to target firstly the ATH at 1611, next target will be 1930 (the extension of the bullish flag confluence with the target of a completed cup and handle formation) at 1930 and the 1.618 fib level at 2185.
Entries at 1257 - 1308
Targets are 1611, 1930, 2185 as described above.
Stop loss according to risk appetites : 1174, 1103 or 1050 (in the 0.5 to 0.382 zone where we see strong support lines which were previous resistance)
Bitcoin Cash - Perfect Rejection! 🔥Our previous analysis played out for BCHUSDT PERFECTLY. We were expecting a rejection of the previous high after a breakout and we got a wick rejection! Price looks to be in a parallel bull flag for another move higher. Next area of interest is the 1836 level where price previously reacted. When we get there, we will reanalyse and update you all.
BCH Sell a break setup.BCHUSDT - Intraday - We look to Sell a break of 1248.8 (stop at 1306.6)
We are trading at overbought extremes.
Following yesterday's bearish candle, the overall trend lower looks set to continue today.
Pivot support is at 1270.
A break of 1250 is needed to confirm follow through negative momentum.
We look for losses to be extended today.
Our profit targets will be 1088.8 and 1044.4
Resistance: 1400.0 / 1475.0 / 1600.0
Support: 1300.0 / 1250.0 / 1180.0
Bitcoin Cash, Considerable Triangle-Formation, How It Completes!Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 2-hour timeframe perspectives. Bitcoin Cash has shown up with this strong exponential bullish leg to the upside and is now developing this triangle-formation in the structure holding above the 45- as well as the 35-EMA. Within the triangle, Bitcoin Cash has almost finalized the coherent wave-count and when it manages to increase with the bullish edge in the coming time to finally close above the upper-boundary as it is marked in my chart this will complete the whole triangle and show up with the further continuations to the upside, therefore it is highly necessary that Bitcoin Cash rightly holds the boundary of the triangle and does not fall below it to invalidate it.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
BCH/USD: BULLISH FLAG WAITING BREAKOUT - LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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