Poor Mans, BCHUSD TEST BUYTest buy $265.00 On X pattern, If continuation occurs look to test Buy area 2 @ 251.00
GL
BCHUSD trade ideas
BCH may be the only other "NON SECURITY" according to the SECThis could have a big narrative in the future, if regulation proceeds as it has been, with everything other than Bitcoin being a security, then BCH could replace ETH.
This chart looks bottomed... double bottom in place, historical low trading range, worth a shot IMO. I bought some.
Stop loss is pretty easy to have here, if we start making new lows then just exit.
Still holding and adding to BCHNice support at 273 no reason to be afraid of the parabollic move when adding
BCH faces a resistance at the $300 levelDespite the recent surge, BCH has struggled to consolidate its gains above the crucial $300 level. This resistance poses a significant threat, as it suggests a lack of confidence and buying pressure to sustain BCH's upward momentum. If the support is not solidified soon, a retracement to lower levels becomes increasingly likely.
We called $MKR $BCH and #DEFI ($COMP)This is personal trading & not for our fund.
ASX:MKR was in the low 600's when we spoke about how good it looked, It is now up 50%.
If you had opportunity to buy on that dip, it would be closing in on a 2x return, NICE.
#DEFI was aa sector we spoke about a few times as having good opportunity. Since then, NYSE:COMP is up 2x+!
Spoke about NYSE:BCH in mid/late May and it was around $110. This currently stands at a 3x return!!!
#crypto #Altcoin
My thougths on BCH.With the recent hype on BCH, I decided to take a look at the charts. I think we set a new low before we reclaim the new all time highs.
Not investment advice.
BCHUSD (4H) - Bullish wave We2Hi Traders
BCHUSD (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 308.8 after the market found support at 267.0. Only the downward break of 267.0 would cancel the bullish scenario.
Trade details
Entry: 308.8
Stop loss: 267.0
Take profit 1: 367.2
Take profit 2: 429.3
Score: 8
Strategy: Bullish wave We2
BCHUSD-SELL strategyWell it's rare, but what a move from $ 100 area to reach $ 340 is in my book a little too rich. yes, read about the Koreans high volume that started with the EDX on the 21st June 2023.
Just look at TULIP trade, and that paints a real story as well, if one likes history.
From technical perspective 4-hourly has potential for re-visit of $ 340 area, but am not going long for something that triples in value just over some weeks. Very speculative move indeed, so instead:
Strategy SELL around $ 320-330 when seen and take profit at a modest $ 245. Stops am not sure in such lofty heights.
BCH and the Ultimate RSI ignoreimagine bch tested this trend line flip and continued north?
rsi topped in the NINETIES
downtrend structurelet's SELL scalping.. after failing in the buy position, we try to enter sell because a downtrend structure has formed
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
uptrend structure is still therelet's scalping buy again.. the uptrend structure is still valid.. if the uptrend structure has broken, we will cut loss..
SCALPING BUYWe can see uptrend is still build up there.. and there is bullish engulfing, so, we just take the oppurtunity what we see in our eyes.. good risk reward ratio..
uptrend structure is thereThe price has made an uptrend structure.. so we have a reason to buy, and we know where we should cutloss.. that's the important thing
Bitcoin cash running out of gasBitcoin cash has ran from 100$ to 300$.It has little room left to continue. I see it hitting 360$ before rejecting and going back down.
BCHUSD hit the MA200 (1w) after 1.5 year. Major bullish sign.BCHUSD hit today the MA200 (1w) for the first time since the week of January 3rd 2022.
This represents so far a massive +200% rise in the last 2 weeks.
The RSI (1w) is deep inside the overbought zone but so it was in January 2021 during a rally similar to today's.
Trading Plan:
1. Buy after the first red (1w) candle.
Targets:
1. 735.00 (Resistance 2).
Tips:
1. You may target Resistance 1 (392.50) initially if you don't want to commit much on the long term and buy for the higher target after the MA50 (1d) is tested and holds.
Please like, follow and comment!!
what goes up usually comes back down.....eventuallynfa
y axis only
bitcoin cash giving us a preview of what is coming for most alt coins
✴️ Bitcoin Cash | End Of Consolidation Phase = New Bull MarketThis is only the beginning. In purple we have here what we will call a consolidation phase. We have two different types of consolidation with both following the exact same pattern.
As Bitcoin Cash moves to print a multi-year long low in December 2018, trading volume is really low.
The bottom low is set and a consolidation phase starts.
When the consolidation phase is over, a new bull-market develops, volumes rises and becomes strong.
Fast forward four years into the future, Bitcoin Cash produces a multi-year long bottom low yet still a higher low compared to December 2018. This low came in November 2022.
We have a bullish breakout and the consolidation phase comes to an end, this is marked by the highest volume in a year and a very strong RSI. This will lead to a new bull-market. This is only the beginning.
We should expect years of growth as we saw after the December 2018 low.
Then prices will peak which will produce a new bear market and a new multi-year long bottom low, consolidation and the cycle repeats.
We had a V shaped consolidation in 2018.
We have and long drawn out consolidation in 2022, perfect according to the law of alternation.
Just so you know, this is only the beginning of years of growth.
Namaste.
✴️ How Far Up Can Bitcoin Cash Go?This is the question that is on your mind right?
How far up can it go?
Bitcoin Cash closed last week above EMA50, on the weekly timeframe, with the highest volume since May 2021.
The high volume clearly revealing what is about to take place.
The trade I shared in early January had a top target of $280 but that is being conservative of course. I am always conservative with my targets because the focus is on getting a good entry, a great entry, buying near support, low, All-Time Low and then letting the market develop and the selling can be adjusted to each individuals goals.
Ok... Enough of that.
Short-term, we can see 274 and 325, easily.
Medium-term, not so sure about these "terms" but things are going up, we can see 380 and even 444.
These are the targets that I have extracted with certainty based on what is currently going on in the market. These are not projections but data based targets.
I can do projections also for the long-term and this will be done either later this year or next year for the Altcoins we track and look at together.
Long-term we can see 575 and beyond and a new All-Time High when the next bull-market fully develops in 2025/2024.
These are just my views and opinions.
This is not financial advice.
I am translating what I see coming from the charts.
Namaste.
BCH UPDATE R0At the moment, price is currently retesting an important imbalance at 240$. A closure below this level on the 3 day chart can predict a potential pullback towards 150$. But in order for the pullback to be valid, price must respect the current high that will form from here. On the other hand, a break above 240$ from here will push price towards 260$ easily.
BCH has completed a major rectangle bottomI really do not want to chase this rally here, but a bottom of significance is in place. Periods of short term weakness can be used to purchase BITSTAMP:BCHUSD
BCH run is over take profit and open shortBCH run is over take profit and open short. BTCUSD also in short area so big compound short for BCHUSD.
BCH preparing to rip and dipTitle says it all.
I think there is a bit more upside, up to perhaps 300$ level. I would rather be a short at this point than a long.
I will short at 225$ and add if we reach 300$ add to short again. Then I pray for a drop to around 160$ to GTFO (Goat The F Out).
Not a financial advice. This can fail like everything else :) play according to your risk tolerance :)
