Bitcoincash
Bitcoin Cash show a bought opportunity!!!Hello traders, As many traders commented the idea on Bitcoin Cash, well, I see that Bitcoin Cash is support in the key support and we see another bought opportunity trade in this strategy called supply and demand. Also, in the previously technical analysis, I mentioend that Bitcoi Cash is formed a double top and it's completely formed and my prediciton was very right in the exact target $240 USD. Remember that I trade Ethereum and I hope a Bitcoin entry in long toward the $17,000 USD. Now, in Bitcoin Cash we see another interesting opportunity in this trade. I hope that Bitcoin Cash in H4 formed a species of double top to validate this yellow zone and this support key with a confirmation o price action in H1 timeframe. We hope that situation or Bitcoin Cash.
And also as in the pass we see a double top, I draw a simetric triangle in Daily becuase in weekly I remember that I make a technical analysis that we can to see bought on the 0.618% o Fibonacci in weekly timeframe for Bitcoin Cash.
We hope that this opportunity get profits and we hope an entry!!!
I add my previously technical analysis on Bitcoin Cash for you!!!
Bitcoin Cash (BCH) - October 31Hello?
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It fell from the important point, 264.48269150.
You need to see if you can get support at the uptrend line (4) and at 258.06654252.
If it falls from the 258.06654252 point, it is expected to fall to the 249.04052441 point.
The final Stop Loss point is 234.247651895.
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** 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 trading. You should trade from a short-term investment perspective.)
Bitcoin Cash BCHUSDT - Bearish divergence + Ascending channel- RSi bearish divergence on 4h candles
- Ascending channel is a bearish pattern
- Rejected by the trend line since 14 Feb 2020
- Impulse Elliott wave completed
- We can expect lower prices
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Bitcoin Cash could formed a double top!!! AlertBitcoin Cash show a strategic os supply and demand and so, we see that the price is turn bearish.
In Daily, we supposted that Bitcoin Cash it´s can be to retest the $240 USD to then, entry in short position in the $257 USD. Also that Bitcoin Cash could want to retest the key support line mark in blue and we would need to hope 2 thing: the closed up of the Daily candlestick today and then, we would need to hope in H4 a validation for the entry in short position toward the $240 USD.
Now, in H4 we see a possible formation of double top, it's so sorry that I can't to make a technical analysis on Bitcoin Cash, but If I did this analysis, I would entry in the $268 USD toward the $256 USD, in that point could be my target. But, right now, we see a good opportunity for short position. So, we would need to hope and be patience, I can't entry right now if Bitcoin Cash going to up a little to then, to have the possibility to form a tripple top, that could be another good point to take in noticed that and be cautelous with our trade quality, just I hope that. So, also that in H4 we see a bearish rising wedge and that could be an alarm that the price is weakness the boughts force.
So, pay attention on this analysis and be patience to give us our short entry!!!
Bitcoin Cash headed to $300!Bitcoin Cash - Intraday - We look to Buy a break
Trading close to the psychological 300 level.
Short term MACD has turned positive.
278.6 has been pivotal.
A break of bespoke resistance at 278.6, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 299.7 and 304.8
Resistance: 278.6 / 290.0 / 300.0
Support: 270.0 / 262.0 / 257.5
Bitcoin Cash (BCH) - October 14Hello?
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 above the 264.48269150 point and the downtrend line (2).
If it goes down, you need to make sure you get support at 243.80708674.
If it falls below the 234.24765190 point, I think it is necessary to trade in installments to preserve profit and loss.
We have to see if we can move above the 284.15870917 point and turn the trend.
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** 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 trading. You should trade from a short-term investment perspective.)