BCHUSD (1H) - Bearish reversalHi Traders
BCHUSD (1H Timeframe)
Waiting for the downward break of the 115.2 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 117.3 would cancel the bearish scenario.
Trade details
Entry: 115.2
Stop loss: 117.3
Take profit 1: 113.8
Take profit 2: 111.7
Score: 6
Strategy: Bearish reversal
BCHUSD.P trade ideas
BCHUSD PRICE PREDICTION -SUPPORT AND RESISTANCE -SIDEWAYS MARKETBCHUSD is not currently following any trend showing the market is currently moving in sideways direction. Support and Resistance concept comes into play in such scenarios. As Support and Resistance are meant to be broken so I have placed Sell Stop and Buy Stop orders at the breakout of support and resistance levels respectively. Sometimes, market crosses first Support and Resistance level and then move back so I have used breakout of 2nd Support and Resistance levels as my possible entry points.
TRADE PLAN:
REWARD: 2%
{
(TRADE 1 (Sell Stop) : 42 : approx USD 89.91 (REWARD),
(TRADE 2 (Buy Stop) : 41.1 : approx USD 89.91 REWARD)
}
RISK: 2%
{
(TRADE 1 (Sell Stop) : 42 : approx USD 89.91 (RISK),
(TRADE 2 (Buy Stop) : 41.1 : approx USD 89.91 RISK)
}
BCH continuationAs we talked in our previous video, BCH managed to liquidate 118, as soon as price broke below 123, after rejecting 135. Now that price is still trading below 130-135 area, sells are still possible, with targets towards 110-105. On the other hand, a break above 135 will most likely push BCH towards 150.
BCHUSD | Wave projection | Doubled Bull Flag Move +50%Wave Analysis with price and chart pattern
> A possible ABC motive wave bullish scenario with a doubled bull flag pattern support, the price currently within the second bull flag local pattern.
> This doubled bull flag is forming a major inverted head & shoulders reversal pattern.
> Medium term target @ upper rising channel resistance for bull flag pattern + 50% upside
> Pullback Entry at the rising channel support liquidity swing zone with potential false breakdown area.
Always trade with affordable risk and respect your stoploss!
Good Luck
W9.1-10 BCH BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
I like to keep it Long, simple and boring. BCH On the last Cicle I was able to get in on BCH at HKEX:80 EVEN THOUGH every single influencer and youtube were betting against it. The Token KILLED it wtih 1500% gains. I know everyone wants 5,000,0000 % returns and if not then the token isnt work it. Blackrock Stated the like open source, decentralized and permissionless tokens and CHATGPT gave me the top 10 (BCH within them):
Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency. It is completely decentralized and operates on an open-source protocol. Anyone can participate in the Bitcoin network without needing permission from any central authority.
Ethereum (ETH): Ethereum is a decentralized platform that enables the creation of decentralized applications (dApps) and smart contracts. It is also open-source and permissionless, allowing anyone to build on top of the Ethereum network.
Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency that is based on the Bitcoin protocol. It is also open source and decentralized, with no central authority controlling the network.
Dogecoin (DOGE): Dogecoin is a cryptocurrency that was created as a joke, but has gained a significant following. It is open-source, decentralized, and operates on a proof-of-work consensus algorithm.
Monero (XMR): Monero is a privacy-focused cryptocurrency that is designed to be completely anonymous. It is open source and decentralized, with no central authority controlling the network.
Bitcoin Cash (BCH): Bitcoin Cash is a fork of Bitcoin that was created to address some of the scalability issues of the original Bitcoin network. Like Bitcoin, it is completely decentralized and operates on an open-source protocol.
Cardano (ADA): Cardano is a third-generation blockchain platform that aims to provide a more secure and scalable infrastructure for decentralized applications. It is also open source and decentralized, allowing anyone to participate in the network.
Stellar (XLM): Stellar is a decentralized platform that enables the exchange of digital assets and cross-border payments. It is open source and permissionless, allowing anyone to use the network to send and receive funds.
Dash (DASH): Dash is a cryptocurrency that is designed to be fast and efficient. It uses a two-tier network that allows for instant transactions and also provides additional features like private transactions. It is open source and decentralized, with no central authority controlling the network.
Zcash (ZEC): Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to ensure the privacy of transactions. It is open source and decentralized, with no central authority controlling the network.
BCH SHORT/Scalp Bearish divergence on both oscillators, will likely pull down to the .2 - .5% IEW local swing high, swing low. Could add to a long position on the bigger time frame. Just charting this for shits and gigs and for the scalpers out there.
BCH UPDATE LONGBCH breaking through key area. Looks like she may start to pull upwards in the next few days. Posted a few days ago
BCH LONGBCH is looking great on 3, 4 Charts, as we are in the golden zone when it comes to a reversal/upward price action. Class A Bullish Divergence on MACD with positive momentum building. Short Term targets are reflected on chart.
Yeeeeee
Bitcoin Cash levelsHere's Bitcoin Cash levels on a 5x split frame 1 week, 1 day, 4hr, 1hr & 15min, charts layout. Since the Silvergate Capital bank (SI) fallout on March 2nd, crypto has been under selling pressure. This can be a temporary short opportunity or become a longer-term long entry. We will have to wait to see how things unfold. It's important to keep an eye on the 1 day and 4-hour chart levels specifically for now. The numbers that stand out to me is $119 as a strong support and $138 as a strong resistance currently. BCH/USD may very well consolidate in that range for some time if there's no further break down.
1day chart BBMC:
Top = 171
R4 = 164
R3 = 158
R2 = 152
R1 = 145
VWMA13 = 138
S1 = 131
S2 = 125
S3 = 119
S4 = 113
Bottom = 106
4hr chart BBMC:
Top = 139
R4 = 137
R3 = 134
R2 = 132
R1 = 129
VWMA13 = 127
S1 = 124
S2 = 121
S3 = 119
S4 = 117
Bottom = 114