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Bitcoin Cash / Bitcoin

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BCHBTC trade ideas

BCH/BTC TA UpdateBCH/BTC BCH broke upward trend-line support but immediately bought up at a key support area between 0.382-0.5 Fib. This area of support also coincides with the 50D MA plus the previous swing Low at 0.0370 sats which resulted in the price reaction to pull back up by 10%. I'm expecting BCH to consolidate at these current levels for the next 24 - 48 hours before another move will happen. The overall priority remains bullish as we are scouting for weekly Higher Low to form.
by PolarHusk
1
Bitcoin Cash Early Retrace SignalsBitcoin Cash (BCHBTC) did great recently but it seems that momentum on the side of the bulls is being lost. Right now we can see volume going lower and a failed attempt at moving higher. A potential drop is now in place and MA200/EMA200 is likely to be tested as support. MA200 is sitting at 0.039586. Conditions for change As long as prices are trading above EMA10 we remain bullish... If prices start to move higher and break the last high on good strength and volume, then BCHBTC is likely to continue to grow, but watch out for fake breakouts, since the signals are pointing to a retrace. Thanks for reading. Namaste.
Short
by MasterAnanda
4
BitcoinCAsh Short Term UpdateBCHBTC now Trading Above 50MA support. according to Technical Analysis if we hold this Support Level 0.0400 BTC then we can see again Next Upward side Leg up. and we can see 0.0500 BTC next Target. But If we not hold this price of 50MA and break down this support then we can see Leg down till 0.03500-0.03600 BTC. so guys you are smart trader so Ready for both scenario. we want only profit on both condition. we can't say anything before breakout. After breakout we can open any position long or short. so guys open any trade after confirmation . please like and follow me for latest crypto updates. Thank you
Short
by CryptoPatel
4