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Bitcoin Cash (BCHUSDT/BCHBTC) Daily Trade Setups 2021/02/20Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Trade Setups Below are the potential trade setups that I would be interested in trading: BCHUSDT Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $660-675 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Long Trade Setup #2: Breakout and Continuation 1. Price Action: Price breaks above and falls back down to $774 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $774, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out BCHBTC Long Trade Setup #1: Retest and Continuation (61.8Fib) 1. Price Action: Price needs to move back down to the 61.8Fib @ 0.0125 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
by cryptotraderog
Bitcoin Cash (BCHUSDT/BCHBTC) Daily Trade Setups 2021/02/19Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Trade Setups Below are the potential trade setups that I would be interested in trading: BCHUSDT Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $640-655 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Long Trade Setup #2: Breakout and Continuation 1. Price Action: Price breaks above and falls back down to $774 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $774, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out BCHBTC Long Trade Setup #1: Breakout and Continuation 1. Price Action: Price breaks above and falls back down to 0.0161 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ 0.0161, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
by cryptotraderog
2
BCH completed Butterfly move for almost 400% big moveHi dear friends, hope you are well, and welcome to the new update on Bitcoin Cash. On the long-term monthly chart, the price action of the BCH with Bitcoin pair has completed the last leg of the bullish Butterfly pattern and entered the potential reversal zone. The 1.618 Fibonacci retracement level goes in the negative zone and it is not possible for the priceline to enter the negative territory, sofar the priceline has found good support at 0.01052 btc , therefore I have set the buying range from 1.27 Fib level to 0.01052 btc , however, if in the near future there will be some changes, like the priceline finds any new support then I will be keep sharing with you. There is also a very good downtrend line support as well. This trade has a huge profit possibility of 399%, and the high loss possibility upto 9%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
2
BCH 1D Strong buyer is gaining position for a long time, up soonIt seems that large BCH investors still have big plans for growth. Otherwise, we do not find another logical explanation, looking at the accumulation of coins during 2019-2020. In 2019, the coin was sold twice above $380 , fixing the profit. However, during the 9 months of 2020, the coin was very diligently bought in a narrow range. Also, at the end of 2020, there was a break of the historical purple trend - up , which stretches from a high $4,000. The beginning for strong growth is laid. Now it is important for BCHUSDT buyers and manipulators that the price does not fall below $360-400 , we take the average value, the level of $380 and record it in memory as the most important mark. If the bullish scenario continues, it will be possible to buy tasty in the above-mentioned zone. We will fix 300% profit, around $1200 for the BTC fork - BCHUSD. PS: We wrote about a possible BTCUSD cost fall two days ago in the weekly digest, read it in full) _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
KRAKEN:BCHUSD
by P_S_trade
4
Trying to gain popularity and formation of ascending movement In the weekly chart, there are two important ranges. The first range is $ 497.10, by crossing this range, we can be hopeful for an uptrend formation for the targets of $ 2,200 to $ 3,000. Also, if the price crosses the range of $ 231.07, it may encounter the Triangle pattern, in which a long corrective movement is predictable and then we expect a descending movement up to the range of $ 45-50. ( weekly Chart ) In the daily chart, we can have this wave count that wave 2 has ended in the range of 140.65, and the price is forming wave iii. However, to confirm the uptrend, the price must cross the range of $ 497.10. Personally, I’m interested in putting my investment in Light Coin (SHA256).
KRAKEN:BCHUSD
by NirmataFX
BCHUSDT formed bullish BAT | Upto 38% move expectedOn the daily chart, the price action of Bitcoin Cash has completed bullish BAT pattern, now it has entered in the potential reversal zone. There are also 100 and 200 simple moving averages supports in the potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Potential reversal or buying zone: $262.77 to $248.88 Fibonacci projection or sell zone: $295.91 to $345.57 Stop Loss: The potential reversal zone area that is up to $248.88 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 38.8% and as per the above-mentioned stop loss, the loss possibility is 6%. Note: Above idea is for educational purpose only.
Long
by moon333
2
Bitcoin Cash clasped between key resistance and support Bitcoin Cash lost the ground above $300 again following rejection at $320. BCH/USD is stuck between the 50 SMA resistance near $300 and the 100 SMA support at $280. Bitcoin Cash recently recovered from the Thanksgiving Day crypto crash. The losses on Thursday last week failed to embrace support at all the three moving averages; the 50 SMA, 100 SMA, and 200 SMA on the 4-hour chart. Buyer congestion at $250 saved the altcoin from diving further. The rebound from the crucial support reclaimed the position above $300 earlier this week. However, BCH hit a wall at $320, cutting short the anticipated spike to November’s peak at $373. A correction came into the picture, pulling Bitcoin Cash into a 13% dip. Meanwhile, BCH/USD seems to have embraced support at the 100 SMA, highlighted at $280. The price is doddering at $289 amid the push to recover the lost ground toward $300. On the upside, movement is likely to be limited at the 50 SMA, slightly under $300. The resistance at the 50 SMA and the support at the 100 SMA might keep Bitcoin Cash in a range before a breakout comes into the picture. Trading above the 50 SMA and the hurdle at $300 will call for more buy orders as the uptrend heading to $373 and $400 is validated. On the downside, it is essential to hold above the 100 SMA to avert looming declines back to the primary support at $250. The 200 SMA is in line to absorb some of the selling pressure, preventing BCH from diving massively towards $200. Bitcoin Cash intraday levels Spot rate: $288 Relative change: 0.55 Percentage change: 0.2% Trend: Sideways trading bias Volatility: Expanding
COINBASE:BCHUSDLong
by CoinGape