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BCH To The Moon! - Fibonacci AnalysisBitcoin Cash looking good! It bounced back of strong support and heading North. Entry Zone: $850 - $950 Take Profit #1 $1,132 Take Profit #2 $1,199 Take Profit #3 $1,354 Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
Long
by UnknownUnicorn18172817
BCHUSD formed bullish Shark | Upto 187% move expectedFailed in breaking out the key level resistance: The Bitcoin cash had started is very powerful bullish rally in December 2019 after breaking out the first resistance level at $304 the price action used this resistance as support and using this support the price action moved up to make an attempt to breakout the key level resistance of $501. After reaching at $497 the price action turned very strong bearish and broke down all previous supports and at this time the price action of Bitcoin cash is at $182 support. Head & Shoulder pattern and breaking down the SMAs supports: If we closely examine the 2 day chart then it can be clearly seen that the main reason for this drop was the formation of Head and Shoulder pattern. This pattern was started with the strong bullish rally of Bitcoin cash in Dec 2019. The left shoulder was completed on January 3rd 2020 and the head was completed on Feb 28. After hitting the key level resistance of $501 the price action formed the right shoulder from 28th February to 7th March 2020 and even broke down the neckline of the Head & Shoulder. While forming the right shoulder we had strong supports of 100 and 200 simple moving averages but the sell off was so much strong that the price action easily broke down these two supports as well. The priceline is using the support of resistance of previous pennant: Here I would like to take you back on 23rd December 2019 when I reveled in my post that the price action of Bitcoin cash was moving in a pennant. This movement in the pennant was started on 21st June 2019. And when I published that article the priceline was getting bounced from the support of that pennant and based on some more indications I predicted that this time the BCH will breakout the resistance of the pennant. And on January 2020 the price action broke out the resistance of the pennant. This trade Idea produced more than 154 % massive profit. Formation of new harmonic Shark pattern a bullish reversal signal: But now we can examine that priceline is retraced 100% and this time the price action of Bitcoin cash is also having the support of previous trend line that was the resistance of the pennant. If we observe on 4 day chart then it can be clearly seen that the priceline of Bitcoincash has formed bullish Shark on the support. The formation of this pattern was started in December 2019 when the Bitcoin cash started its rally. The first leg was completed on 17th January 2020 at that time the priceline of BCH retraced between 0.382 to 0.6 18 Fibonacci level. That was the 1st confirmation of bullish Shark. From here the Bitcoincash was the suppose to be projected between 1.13 to 1.618 Fibonacci level of A to B Fibonacci projection area for the completion of B to C leg of this shark pattern move. At C leg’s level we have some extra spike that I have ignored because all other legs are formed as required for the perfect bullish Shark pattern. After the completion of C leg on 14th February 2020 the priceline of BCH faced strong sell off and this bearish move helped the priceline in completion of final leg of shark pattern. And now we can see that the priceline of Bitcoin cash has retraced between 0.886 to 1.13 Fibonacci level and moving in the potential reversible zone of this pattern. From this potential reversal zone the price action of BCH is suppose to take the bullish divergence in the Fibonacci projection of between 0.382 to 0.786 Fibonacci projection of C to D leg. The ranges of potential reversal zone and Fibonacci projection are as below: Potential reversal zone is from: $ 196.83 to $ 139.48 The Fibonacci projection area is from: $ 266.47 to $ 401.14 Above range depicts that this pattern can produce upto 188% massive profit rally. Stop loss: The volume profile of complete price action of Shark pattern is showing the traders interest even in the PRZ level therefore we need to take care of stop loss strongly in this case we can use the maximum extent of potential reversal zone that is $ 139.48. Because if this potential reversal zone will be broken down then priceline can turn more bearish.
COINBASE:BCHUSDLong
by moon333
1
BCHUSD formed bullish Gartley | Upto 17% move expectedWorld's 4th ranked crypto token Bitcoin Cash (BCH) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the dimensions of SNGLS priceline's move: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move. So as per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $345.97 to $329.91 Sell between: $358.59 to $388.78 As per above targets this very short term 3hr chart based trade has potential to produce upto 17% gains. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
COINBASE:BCHUSDLong
by moon333
2
BCHUSD Has Completed The Bullish Setup For Upto 163% GainsThe price correction and formation of pennant: After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the price action is going through the price correction period since Jun 2019 Upto Dec 2019. Now the price action is hitting 0.786 Fibonacci projection of lowest point of Dec 2018 to highest point of Jun 2019. With the price correction the price action has also formed a pennant with four touches at the support of the pennant, this time the priceline has hit the spike beyond the lowest band of Bollinger bands and hit the support of the pennant and like to have a bounce form this point. The moving averages: If we see the moving averages then on day chart the exponential moving average 10 is likely to form a golden cross with exponential moving average 20 like it formed in Oct 2019, at this time the EMA 10 is crossing down the price action to lift it up then it might form a golden cross with EMA 20. It will be 1st golden cross of above said exponential moving averages since after death cross which was formed on 17 Nov 2019 but this time the price action has already hit the support of pennant therefore this time we can have more powerful bullish divergence than the previous move Oct 2019. The true cloud reversal: On 4hr after 12 Nov 2019 the ichimoku cloud is proper reversed to bullish 1st time after 12 Nov 2019 when it was turned bearish during this time period the cloud was reversed to bullish on 3 Dec but that was clearly false reversal coz at that time the lagging span was failed to cross up the priceline and conversion line was also not able to proper cross up the base line but this time we can see very clear the lagging span has proper crossed up the candle sticks and conversion line has also crossed up the base line in very obvious manner and the cloud is also turned bullish therefore this time the cloud reversal is likely to be very true. Oscillators: The Relative strength index (RSI) was oversold and now it has turned strong bullish on the other hand if we see the stochastic RSI then it was also oversold and now turned strong bullish by giving bull cross from oversold zone and the moving average convergence divergence (MACD) has also given strong bullish signals by giving bull cross. The harmonic move and Volume profile: The price action of Bitcoin Cash has also formed a Gartley pattern which was started since Dec 2018. After initial leg (X to A) the A to B leg is retraced almost upto 0.618 Fibonacci (there is slight difference of 0.027‬ Fibonacci but all legs are driven perfectly as required for bullish Gartley therefore I have ignored this slight difference and considering it upto 0.618 Fibonacci levels), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally the C to D leg is retraced between 0.618 to 0.786 Fibonacci level and here the Gartley is completed and from this are the potential reversal zone starts. Now the price action is expected to take bullish divergence between 0.382 to 0.786 Fibonacci projection of A to D leg as it has already projected and again entered in potential reversal zone but the price line may take another bullish divergence to hit the sell zone as if we see the Volume profile of complete pattern then it is still showing very less interest of traders below this potential reversal zone of Gartley pattern. So according to this pattern we can set our targets as below: Buy between: 243.03 to 168.34 Sell between: 301.81 to 443.66 So this time the Bitcoin Cash's move has potential to give upto 163% gains, however our stop loss point would be the base of this potential reversal zone in case of complete candle sticks closes below this support level. Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
There is a probability of resuming the uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. While the RSI uptrend #3 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.8) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
2
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 78. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.0) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 78. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.0) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
USDT -BCH Bitcoin Cash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10 Date : Since 2017 ( 3 / 10 ) Volume 24 H : 48000 BTC -0.18% ( 7 / 10 ) Available Markets* ( 10 / 10 ) Social Media Rate ( 8 / 10 ) Ranks ** 4 ( 10 / 10 ) Website ( 8 / 10 ) Type Cryptocurrency Overall ( 8 /10 ) PLANNED NETWORK UPGRADE on Nov 15, 2018. It might pump a bit before this date. I did my first 10X on this coin! It was a huge success! Sold it around Nov 2017 and dont touch it since then. $300 - $450 levels are always great levels to buy it for the long term investment. When Roger Ver comes to the stage, No one can hold Bcash . You can also wait Bcash to break downtrend line line and let MA 50 to pass MA 100. Be careful, BCASH Pumps so quickly. That's why it is a good time to accumulate some Bcash right now at this level. * Considering top 10 crypto exchanges ** Top 100 coins on coin market cap get 10 points
Long
by CryptoEngineering