Bitcoincash
Bitcoin cash symmetrical traingleBCH / USDT
🌟 Techincal Analysis🌟
The price was Consolidating last days and
Forming symmetrical traingle
The Higher chance it will break it up
Why ? Because
most tether coins moved recently but bitcoin cash not
If breakout upward happens iam sure we can see BCH trading in 3xx$ area easy
However break it down then we can see 220-200$ area ( strongest support )and i dont think that will happen unless btc dump (hard)
Please have a plan before trading
Good luck and happy trading 🌹
BTC Plan B.Bitcoin - Intraday - We look to Sell a break of 17166 (stop at 17475)
Rallies should be capped by yesterday's high.
We are trading at overbought extremes.
A higher correction is expected.
A break of 17200 is needed to confirm follow through negative momentum.
Trend line support is located at 16350.
Bearish divergence is expected to cap gains.
Our profit targets will be 16268 and 15848
Resistance: 17800 / 18000 / 18470
Support: 17600 / 17200 / 16500
BCHA BITCOINCASH ABC Bullish Divergence BCHABTC BCHAUSD BCHABNBBCHA BITCOINCASH ABC Bullish Divergence BCHABTC BCHAUSD BCHABNB BCHAUSDT
The Price of BCH/USD is Trending Downwards - What Is Next?Hi everyone, Trading-Guru here with an analysis on Bitcoin Cash. I expect the price to keep dropping along with the parallel descending channel after the bearish signals of the strong rejections on the $280 resistance.
Furthermore, I think it's a good idea to try and short it until roughly $230 but not any lower than that. It seems that the support around that level might have a reversal for us in store, so we can pick it up after a take profit with a long position again.
Bitcoin Cash the hibernating bear - 3x altcoin rally possibleBitcoin Cash has had massive downside after its all-time highs and went deep into the "Bear Zone" down to 65€ but never was able to get over 300€ ever since.
I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon.
There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach the 710€ 4x spot.
It will largely depend on if Bitcoin Cash will be able to keep it's Top 10 position by market cap in order to attract enough attention with all the DeFi noise.
Of course an 8.5x could also be possible, but given the weakness of BCH since the last cycle it does not hold such a strong market value proposition then e.g. Ethereum.
Bitcoin Cash - $BCH - Back in Business!WAVE 3 in progress! The best time to buy is now!
I'm LONG / BULLISH position. I expect that $BCHUSD will rise up.
This would mean that BITCOIN CASH will gain more value against USD.
What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION .
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong.
If you want to win in this market, you need to be COLD and CALCULIST .
To the moon is too close, go beyond!!!
Well, keep you updated as this timely issue evolves.
Good luck!
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