BchTarget 737 but seems we are in a rising channel upper resistance 676-682… lower support 643 low. 650 would be absolutely insane to hold if we were to lose momentum here and fall while still mainting this channel
BCHUSD trade ideas
BCH - What happens next? Hi, this is my new update for BCH. In the last 3 weeks BCH has risen around 70%, but now we have broken the resistance 650$, SMA100 and SMA200. If we close todays candle above 650$, then we are good to go and the next target is 710-720$. We have 3 resistances between 720-840$, but once we break all of them, then we have a big gap to fill it up between 860-1050$ (Easy gains). Compared to the total market cap, BCH must be around 900$, but unfortunately BCH is always lagging behind. So be patient and don't panic ;)
be ready for at least 80% profits 🚀right now possibly we may correct shortly but nothing to worry about.
1- the price returns back to close above EMA 50.
2- the candle body is getting bigger each week. (momentum increasing)
3- as soon as BTC is showing strength for goin up, it gives good indicator for seeing higher highs n lower lows.
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Pair: BCH/USDT
✅ BUY: 570 - 650 ✅
🎯 Targets:-
1- $700
2- $805
3- $975
4- $1200
5- $1420
6- $1640
STOP LOSS: $530
$BCH and $680While $BCH has done a 180 in terms of price action off the bottom, we still need to crack the $680 level and flip that resistance into support. If we can do so, we see four figures again in short order. I still personally believe that before this Bull Run is over it will match, and even exceed, its 201 top. :o)
BCH in the support zone for a break out Bitcoin cash in the support zone currently for a break out. Watch out for support around 700+ dollars. We the 10 day ema is crossing over the 20 along with the 50 and the 100 is near too. Previous following trend line shows support for upwards to 1,000+ with a few pull backs along the way I'm sure. The long "W" formation is closing to breaking the retrace should be some some really nice gains if we can see support above 700+. Keep your eyes peeled.
Bch Hit my targeted sell location. I took profits here and I will waiti and see how things react from here. If I need to re enter wirh daily closes above I will but for now I will be patient and wait for old resiatnce to be tested. Could be 580 or 540s not sure yet
BCH: It Pays to Get in EarlyI entered BCH with a 527.54 preliminary as the VSA consolidation range began to check out. Since then I've clocked over 15% gains and I feel we're just the beginning. It pays to get in early. So I wanted to upload the original chart to TradingView and share the wealth with a new set of Fibonacci target levels. Good luck and safe trading to everyone.
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A fifth impulse wave... A fifth impulse wave could bring us back to $612. I expect this ascending channel to ultimately break to the downside. Not trading advice.
Bitcoin Cash - Recalibrating the projectionJust a recalibration of the BCH chart now that the bottom is in and we can see a more defined path to the market peak.
BchAlthough I was starting to feel bearish we still have been holding support as bTC got a small bounce to retest 39,200 just keep in mind Bch needs a daily close above 543.78
BchUnfortuently we could manage to hold 546 as new support. That was my biggest area that would allow me to consider rippin to 700$ again. With our triple top here on smaller timeframes and loss of 546 it’s not looking like we will be headed there any time soon. Holding this 518-517$ could be of interest to me if we get a wick or consildation there. And as low as 507-512 as another area. Which still could be looked at as a bullish back test. For now as Btc corrects finding it’s bottom, bch will mostlikely be going sideways and down until Btc finds its grounds.
I have no open positions anymore and was stopped out with the loss of 550s
BCH ! Immensely Bullish ! Massive Gains are incoming BCH shows a perfect example of Wyckoff prime cycle .
People are ignoring coins like BCH for underperforming for the most part but majority are forgetting that the market cycle is at its near end and coins like these are the ones which really shine during the last rally of every market cycle.
BCH had started to show bullish intent from the beginning of 2021.
According to Wyckoff Cycle ,BCH has done its accumulation and now it is making its way higher and higher which is quite evident from previous April-May rally .
Using the rally prior to BTC capitulation in 2018, placing the 0.236 on it and using the bear market bottom,4.236 extension reaches to 10.6k .
In 2017 bull run,BCH had a similar correction before its major leg up.
In 2021 BCH is similar quite to its 2017 setup .
In case BCH reaches out to its full fib extension using the top and bottom on 2017 market cycle,it could possibly extend to 18k but that is only possible if 10k is breached and even 10k looks very far from current levels.
But it would better align itself with the 2018 bear market drop which was a whopping 98% and if prices fall from 4.236 to the 500usd reigon it would be a 97% drop.
500usd region could be a possible bottom in the next bear market based off the current structure that BCH is following
#NFA
BCHUSD 8/1/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Technical Analysis
Elliot Wave
Weekly
Daily
4HR
1HR
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Bitcoin Cash (BCH) - July 31Hello?
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(BCHUSD 1W Chart)
If the price holds above the 517.20 point, we expect the uptrend to continue.
(1D chart)
We need to hold the price above the 517.20 point to see if it can turn into an uptrend.
We need to see if we can continue the uptrend by moving above the critical section of 624.90-702.98.
If it falls in the 435.70-517.20 section, it is possible to enter the mid- to long-term investment area, so careful trading is required.
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(BCHBTC 1W chart)
We will have to see if we can turn to an uptrend by moving up towards the critical interval of 0.024438-0.034064.
(1D chart)
We will have to see if we can find support by moving up towards the 0.014655-0.016063 zone.
If the price holds above the 0.016063 point, we expect it to turn into an uptrend and move higher.
Since the 0.014655 point is a section with a high probability of entering the mid- to long-term investment area, careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
BCH - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BCH is sitting around strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: BCH is forming an inverse head and shoulders pattern but it is still an idea. so we are waiting for the right shoulder to form to consider it valid. (projection in purple)
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, BCH would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BCH Buy the break.BCHUSD - Intraday - We look to Buy a break of 454.4 (stop at 442.4)
A break of bespoke resistance at 450.0, and the move higher is already underway.
The previous swing high is located at 453.
Short term bias is bullish.
Our profit targets will be 488.8 and 49.8
Resistance: 450.0 / 460.0 / 480.0
Support: 440.0 / 430.0 / 420.0
