BCHUSD ❕ correctionBCH is trading above liquidity.
Volumes are down on correction.
RSI at neutral values (4H, 1H and 30m TFs)
Price is testing 200EMA as support (1H TFs)
I expect price to rise after fixing above the support level.
BCHBULLUSDT trade ideas
✴️ Bitcoin Cash Major Breakout, Looks Good To Me!Here we are again with the same conditions as visited before in the Binance Coin and Cardano charts... Bullish consolidation.
I was sharing in the BNBUSDT article yesterday the fact that corrections tend to become felt in crypto.
Retraces can happen slowly which means that the current consolidation can turn into a retrace but as for corrections, they go down fast and strong as soon as a resistance level is hit.
This type of action we are seeing with Bitcoin Cash (BCHUSDT) kinds of breeds doubt and uncertainty... But, as shared in the BTC CME Futures GAPs article, Who's selling ?
Bitcoin Cash looks good...
After the break above EMA100, we have 6 days of consolidation. This consolidation is taking place above EMA10 and all the rest.
The RSI is super strong.
As long as the consolidation continues to be this strong, our bullish bias remains intact and we aim for the next target... $150 followed by $170 and so on.
You can read below to expand on this trade idea.
Three relevant articles mentioned are:
1) ✴️ Binance Coin | New Money Enters The Market, BULLS Confirmed!
2) 🅱️ BTC CME Futures GAPs Points To $35K, Who's Selling? | Go UP!
3) 🅱️ (₿) The Real Meaning Of A Bitcoin "Overbought" Daily RSI...
Thanks a lot for the support.
Namaste.
Bitcoin Cash Short TradeBCH seems to form a bearish rising wedge. Expect the price to go back to $116
DINO Coins will OUTPREFORM BTC! (And no I don't like BCH)DINO Coins will OUTPREFORM BTC! (And no I don't like BCH but the Charts NEVER lie.)
Sitting above Daily 200 EMA with strong momentum still.
Euphoria is entering the market.
KEEP AN EYE ON DINOS!
This is the 3rd Example of 2x plays that can possibly play out by Mid FEB!
ENTRY:
100-125$ and HOLD
SL open or 25-30% of DCA Entry.
TP 1/8 50%
1/8 75%
1/2 100%
Remaining runner 150%
Signs why Below:
Buy above 4h 200 EMA
(With Smaller Bullish patterns)
Confirmed Breakout
(Look at RSI , Trendlines , Volume )
Look for catalyst News
(Anything that rehypes the shitcoin, or it's bluechip chain)
Buy SPOT ONLY and HODL!
Swing until 2x profit, or weakness. no SL but if needed a loss of 50% would be a SL
FIND THIS IN OTHER SHITCOINS AS WELL!
PLAY THEM ALL
BTW there is an order to this, I will not share it, you will need to DYOR.
but this is a prime example which will likely 2x by MID Feb
✴️ Bitcoin Cash Strong Breakout Is Only The BeginningA very strong breakout... Bitcoin Cash grew 30% in just 10 days... Here is the previous chart (2-Jan)
Looking at the weekly timeframe, this is only the beginning.
Last week BCHUSDT was still trading above EMA10, just this week it moved above this level, telling us that the bullish wave is just beginning.
EMA50 is sitting at 191 so we have a long way to go, up.
The next target is set at 150 for an additional 27% from the current price.
A peak for this wave can be hit at 189 for an additional 60%.
I say additional because we've been tracking this pair since it was at 100... Now we sit back, relax, watch and wait... With sell orders placed.
Namaste.
BCHUSDT | SETUPBCH has been trading in a bearish trend .
The bearish trend was well respected by falling resistance .
The price has been making lower lows and lower highs.
Now after taking support from horizontal zone, the price has broken above the falling resistance .
The bulls can take complete control above the falling resistance
Manage your levels accordingly.
BCHUSD ❕ broke up the downtrend lineTrading volumes have increased.
The price successfully broke through the downtrend line and out of the range.
I expect continued growth after the correction and fixation above the resistance level.
good timing to short bch now is a really good timing to short becuase we know where we can put our stop loss at.
Current waveIf the current wave can break through the previous ceiling area at $104.6, we can expect price growth to continue up to the ceiling of the main descending channel at $110.4. But if the price goes back below the $100 range due to selling pressure, a retest of the $95 support is likely. In general, in the daily time frame, we expect the range trend to continue.
BCH Bitcoin Cash about to lose $100A chart that actually doesnt require a single word.
But how about:
-Descending triangle
-$100
-overhead resistance
-r/s flip
-bear flag
- 4.236 fib?
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
its my own opinon not a financial advise.watch it and see how market behave and set your goals on short term
BCHUSD ❕ pivot pointThe price is in the oversold zone of the RSI indicator (4H TF)
TD Sequential has formed an upward reversal signal (1H TF)
I expect that BCH may rise if it overcomes the resistance level.
BCHUSDT CRAB + ABCDCrab
The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
The ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size.
A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts.
Likes and comments if you have questions! 🍌
Thanks!
BCHUSD ❕ support zonePrice and RSI chart forms a bullish divergence (4H TF)
BCH tests 50EMA as support (1H TF)
I expect price to bounce if it fixes above the support zone.
BCHUSDT is testing the supportthe price is testing the support.
If the price is going to lose it, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
BCHIdea: The price has formed a downward channel - a bearish pattern. Breakout of the lower border of the pattern will be a strong bearish signal
BCHUSD ❕ gravestoneTrading volumes are down.
Price is testing 50EMA as support and 200EMA as resistance (4H TF)
BCH and RSI chart formed a hidden bearish divergence (30m TF)
I expect a decline if the asset holds below the resistance level.
BCHUSDT Over All Moving In Descending Broadening Wedge
for Bulls Bch Needs To Break Both Black trendlines
Once Trendlines Got Cleared Can Expect Massive Bulish Moves
Bitcoin Cash Lags Behind But Not For 10X Long (85% Possible)We are seeing how Bitcoin Cash (BCHUSDT) is lagging behind some other altcoins but we believe this won't continue to be true for long.
The early/mid November shake-out has been completed and what follows is a bullish jump.
Today BCH moves above EMA10 after multiple days of consolidation.
The RSI is still weak but the short-term bias is pointing up.
The easy target is set at 20% or $133.
The next target on a higher high is $208.
We are active with 10X on this one.
You can find more high-risk lev. trades in the "Related Ideas" below.
Thank you for reading.
Namaste.
BCHUSD ❕ broke up the triangleBitcoin Cash is now trading near the liquidity control point.
The asset made a breakout of the triangle on the growth of trading volumes.
Price successfully tested 200EMA as support (4H TF)
I expect the price of BCH to rise if the support level is hold.
BCHIdea: Price is trying to hold above the daily 50 MAs and break through the daily 100 MAs. A symmetrical triangle is formed. Breakout of 50 MAs would be a strong bearish signal
