$BCH/BTC 2h (Binance Spot) Descending channel breakoutBitcoinCash is looking ready for reversal here in satoshi, I am adding to my current bag!
Current Price= 0.010484
Buy Entry= 0.010486 - 0.010202
Take Profit= 0.011998 | 0.014122 | 0.015990
Stop Loss= 0.009517
Risk/Reward= 1:2 | 1:4.57 | 1:6.83
Expected Profit= +15.99% | +36.52% | +54.58%
Possible Loss= -7.99%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 10 days
BCHBTC trade ideas
Bitcoin Cash / BitcoinBitcoin Cash has moved least out of the top 20, with that in mind and the fact that the market is popping it is inevitable that this will also move in its own time.
Looks like it is developing good support around the 0.011, I've set a bot to trade between 0.0105 and 0.02 and a long that I will assess as we move through time and space.
This is my play, the wheels are in motion, I've set a stop loss at 0.0105 to prevent further downside if that in fact occurs... Play safe and good luck with your own trades babes
is BCH ready to jump or not yet, lets seeThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
Another decent profit with BCH here?This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, be happy!
BCHBTC buying opportunityBCH is at the bottom of the horizontal channel again on a strong support line (yellow dotted line). Its also got quite a distance away from the EMA so would expect it to get back to that and cross over it towards the top of channel.
OBV is showing clear bullish divergence (purple line) and buying volume is increasing overall.
Momentum on the MACD has slowed to the downside and should be about to reverse.
Hoping to atleast get back to top of the channel.
For information purposes only. This is not financial advice.
BCHBTC ready to move up?BTCUSD reached important LT Resistance and might be ready for a reversal.
Multiple indicators show Bullish Divergence
The location of BCHBTC is good for entering trade. This is our number one check to make. If location isn't right there are no options to open a trade
Risk to reward from this point to ATH & 0 is almost 20:1 so very good.
If we can see double bottoms (W's) coming in we can enter trade at breakout of W or at retest of breakout level.
For safe trading and minimum risk take 50% profit at your first double, another 50% profit at the next double and so on ... (Little Old Lady Technique by Brian Beamish)
Putting all of these things together this seems like a very favourable setup.
Cheers,
W