BCH/BTC - There is a possibility for the beginning of an uptrendThis is all my own opinion. Please take this information and do your own research.
BCHBTC trade ideas
BITCOIN CASH ($BCH) 14 MONTH LONG WYCKOFF ABOUT TO COMPLETEI never post on TV unless i'm 99% sure in the setup.
My first and only post on TV was the BTC 2018 bottom setup I was confident in, and it ended up taking path a) at the end.
Currently, I am looking at the BCH 14+ month long wyckoff accumulation pattern
Made me look at the giant wyckoff on D3 instead of the smaller one on H12. This one broke down on Nov 14, 2018 (BSV split) and is giving a hint that Roger Ver's and Bitmain's casino chips may end up being an EPIC win, while everyone is a) not looking b) loling and trolling
50-200 SMA golden cross is a few days or another 10% pump away from happening on the daily.
Strong buy for 2020, especially with the Bitcoin Cash halving 3 months before Bitcoin's.
BCH BTC daily chartHi everyone
BCH is under the ICHI cloud, 50 & 200 EMA to keep downward more. but faces with support areas that I expect to bounce upward.
so if you look for entry point, wait for the price to touch support levels, if it bounce its a good chance to follow my expected movement
upward. stay safe
Enjoy the market
BCH/BTC buy opportunity!BINANCE:BCHBTC
We can see BCH/BTC moving in falling wedge.
Possible buy zone is already here but may dip lower.
Till there is no close below the lower (yellow) falling wedge line the pattern is valid in my eyes.
enjoy!
BCHXBT - Failed rallies. Losing dominance.Failed rally in Feb. Failed rally after crypto dump in March. Failed rally after halving in April. Maybe it will try again from lower.
BCHBTC 1D death cross, fib, and support zones.BCH is just now working on its 1D death cross (200 EMA crossing above the 55 EMA). This fits nicely with BCH rising into a nice orderblock (blue box). We have a confluence of multiple resistances here - 618 fib, stacked 55/100/200 EMA , and daily volume profile PoC . Looking at RSI , we see a trend line that it is likely to test and stochs also looking like a bit of upside, which should see us moving up to these resistances. I will be layering shorts from PoC (~.0339) to 200 ema (~.0352). Target here is the next order box (.0265, 25% move). Will start phasing out of short if we get any 12h or 1d closes above this order box (~.0365), with a SL at .0388.
BCHBTC: Is the next bullish wave about to happen?Here is my view on Bitcoin Cash vs BTC for the next few months.
After ranging for half a year between 0.025 and 0.034 followed by a breakout through resistance, the price has found its support between 0.030-0.035. If we do get a bullish confirmation in terms of a huge green candle that goes +15% or +20% up then it will be a great confirmation for bullish continuation. In this case, I expect the price to reach at least 0.06.
What to expect next?
In my opinion, it is not the best idea to jump in right now and hope for a blast. We should not guess the move but rather act accordingly. Ideally, we want to sea a bullish confirmation shooting above 0.037. If that happens, it is considerably safe to open long with the stop-loss around 0.031. The risk-reward ratio in that case will be up to 5:1 or even higher.
What if...?
This scenario will be violated if the price drops sharply below 0.029. If this happens, then we might see another 1-2 months of a sideways movement before any significant price action occurs again.
Remember, the price of entry does not matter as long as the Risk-Reward Ratio is good enough and the market shows actions according to your strategy. What do I meen by that? Let's say you are expecting a green confirmation for your entry and suddenly the price moves much faster and much further than you expected. Should you still enter that trade? If it does not violates your rules for entries then yes definitely you should enter a trade. Stronger move means stronger confirmation for you and thus more confidence in your strategy.
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GENERAL RULES TO KEEP YOUR ACCOUNT SAFE:
1. Do not risk more than 2-3% per trade!
2. Try to wait for a trade with the Risk-Reward Ratio of at least 3:1
3. Always use stop-loss!
4. Do not FOMO and do not add to a losing trade
5. Remember: Patience is the key!
THIS IS NOT A FINANCIAL ADVICE so please do not follow it if you are in doubt. DYOR!
BCH BTC LONGIt looks like bch has completed a falling wedge pattern, which is often bullish.
The pattern is interesting because there is triple bullish divergence on the RSI, the price in satoshi is dropping, but the momentum isn't following to the downside. A bounce could be incoming. This combined with the btc halving could see bch propel higher.
IF it breaks the dotted line (resistance line), then it's highly likely that bch will complete the inverse head and shoulders reversal pattern.
The same structure can be observed in other coins as well, such as ETC.
As usual the post is for educational purpose only. :)
BCHBTC Continue to go down & Test bottom 2nd TimeAround 0,030 and 0,029 level can be targetted,
good luck
BCHBTCThe market recently broke the last structure on 1 day timeframe.
The B point is bounced on 0.318 Fibonacci's level, and C leg could be the same length of A in order to complete ABC correction
BCHBTC Descending Channel BreakoutThere is a possibility of BCHBTC breaking out from that Descending Channel formation. The Fibonacci tool is showig us also possible resistance levels.
Bitcoin Cash Trend ReversalWe can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom.
I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position.
Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Bitcoin Cash Bounce Off SupportBitcoin Cash retrace is coming to an end?
We can see here a higher low (light blue) and prices starting to move above EMA10.
BCHBTC can move to the upper side of the purple channel.
The indicators are looking good but the trading volume is still low.
Normally a bearish signal but since today is a Saturday we can either expect to see the trading volume grow by Monday or else experience a drop.
We remain bullish on BCHBTC as long as prices are trading above 0.028840.
This is not financial advice.
Thanks a lot for reading.
Namaste.
BCH / BTC Short Position Entry on 1H chart, based upon MAs & S/RPotential short position on 1H BCH/BTC Chart, based upon S/R Levels, number of retests and 25MA/99MA cross. Price has already had time to react from the 7MA/99MA cross on the 1H and now expecting a reaction from the 25MA/99MA cross.
BCH making correlating moves with... Hi!
BCH has always been a volatile and for the courage traders a profit machine at times. Much like XRP it goes totally off the rails when it wants.
I see strong correlation between BCH and BTC, and as you might now by now, I have been and am still really bullish on BTC, so same will apply for BCH aswell. BCH has been for as long as I can remember a great mirror for BTC, many times even being the signal before the runs. We should assume it hasn't changed now, and because BCH has made a solid bottom and started next bull trend, I see no reason not to include a chart of this as well.
All the best!
-B
BCH/BTC 2H (Binance) Falling wedge break-out & on supportBitcoin Cash is looking quite bullish on that Time-Frame, even the RSI is showing a break-out.
I'm expected to catch it on the pull-back, but I will start entering now above 20EMA (red one):
Buy Entry= 0.032750 - 0.032150
Take Profit= 0.033633 | 0.034488 | 0.035853
Stop Loss= 0.031269
Risk/Reward= 1:1 | 1:1.73 | 1:2.88
Expected Profit= 3.65% | 6.28% | 10.49%
Possible Loss= -3.64%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
RogerCoin lookin' superbullishForks.. Forks everywhere...
So BCH vs BTC looks extremely good:
Trednline break (dotted red line) supported by bullish RSI divergencies on all major TFs: 15, 30, 60, 120, 240.
I can also see multiple C-forks on different TFs, most important being daily - if we get a close above 0.035, it would clear the way for a lot more upside.
BCHBTC trend is downRejected by the weekly ichimoku cloud, the 4H 200 ema, with 4H RSI crossing under support and weekly MACD ticking down. In a descending wedge pattern. Target 0.01764.
Gap at 0.068 means that at some point in the future, price will reverse trend and head up. However falling out of the longterm descending triangle is bad, i can't imagine how that can be reconciled with the gap.
Cash?Bitcoin cash has formed a descending broadening wedge
This formation will likely lead to a break to the upside with the positive momentum that is occurring within the wedge
Top cap indicator can be use to observe the potential of such a coin
Gann analysis also included for XBT pair
Bitcoin cash has a very strong presence within social crypto climate
BCHBTCSo far roughly 90% of all my BCH analysis have played out. ( please kindly check my previous posts for verification). i still hold my long term trades on the physical coin that price will reach its previous ATH again ( time frame can't tell).
I am currently looking at BCH/BTC on the monthly time frame and i am starting to get the impression that over time ( 1-3 years) the price of BCH will be at leasts a tenth of the value of Bitcoin it self ( 0.1 or 10% as you may which ever way.)
now looking at the math ( simple ) each BTC halving ( the latest one approaching in may ) ends up with another bull run normally between 18-28 months ( as per previous years ) . i know past performance don't mean the same equation as future predictions but with this chart of BCH/BCH meeting my entry criteria on monthly time scale, bitcoin halving coming, ( possible or if i may we are in a recession) with trillions of stilimus/quantitative easing flooding the economy. surely a fraction will be used to flow into the crypto and bitcoin still testing time as a safe haven i believe some small tiny drop of these trillions can revive things again. so assuming ( my opinion) btw goes into another bull run with new ATH ( say $25000 - $30000 ). i foresee BCH/BTC reaching its 0.1/10% mark.
now assuming you have at least 10BCH... equating to the 10% value of BTC..... do the math...
This is my own opinion guys not an advise... :) overall am still bullish on crypto.
BCHBTC - inverse H&S - long-term target 0.09BCHBTC appears to be creating an inverse H&S. If completed, long term target would be around 0.09
thoughts/comments?
TG
