BCHUSD trade ideas
Bitcoin Cash (BCH) - Bullish Stochastic RSI cross coming soon??The ELITES will win this game and they are causing fear in the market so they can buy cheaper. DO NOT LET THEM WIN THIS TIME! Facts are in the charts!
PLEASE LET ME KNOW WHAT YOU THINK OF THE ANALYSIS.
Still in a bearish trend until confirmation of the Bullish Stochastic RSI Cross on the weekly!
BULLISH FACT:
1. BITCOIN CASH BEEN CREATING HIGH HIGHS AND HIGHER LOWS SINCE JULY OF 2020!
2. RSI HASN'T BEEN THIS OVERSOLD SINCE NOVEMBER 2020!
3. STOCH RSI LOOKS TO HAVE A STOCH RSI BULLISH WEEKLY CROSS IN THE COMING WEEKS!
EVERYTIME WE HAVE A STOCH CROSS ON THE WEEKLY, BCH INCREASED BETWEEN 0.6X - 2.7X!!
4. INVEST IN CRYPTOCURRENCIES THAT BIG INSTITUTIONS ARE INVESTING IN (SUCH AS GRAYSCALE)
Buy targets:
Target 1: $535 (Corresponds to the 1.618 Fib)
Target 2: $408 (Corresponds to the 1 Fib)
Sell Targets:
TARGET 1: $1742 (CORRESPONDS TO THE 3.618
TARGET 2: $2016 (CORRESPONDS TO THE 4.236)
TARGET 3: $4000+
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
BITCOIN CASH ANALYSISBCHUSD trading in downtrend line
price rebounded from key level around 630
price below HVN around 620
price below SMA 100
RSI in downtrend line below 50
so its expect bearish movement to support level around 500
BCHUSD Go LongKey Levels
Buy @ 600.51
SL @ 583.82
TP 1 @ 610.74
TP 2 @ 621.31
TP 3 @ 627.51
TP 4 @ 631.49
$BCH Update I have left my drawings from yesterday and today we are nearing the "X". Unless $BTC breaks down further, this is the buy zone.
BchI tried to post this idea but for some reason it didn’t confirm the post that I see. I’m looking at a potential inverse head and shoulders here. I put a long in at 596 stoploss 586. Looks pretty solid. Neckline 650. Target 750$
BchJust as an idea. Potential ascending traingle here. With an inverse head and shoulders trend reversal set up. Neckline is 650$ Target would be 750$ Main objective is to maintain above 590-588
BchBch as it continues bouncing around this support between 588-595 it’s getting more interesting to me. Seeing us holding this area has got me wanting to opening a long here with a stoploss below 588 to limit risk. I discussed for a while about this level needing to hold upon drop. I’m feeling more confident as we get bullish divergents forming on the hourly with the potential of a larger inverse head and shoulders potentially formin here with a neckline around 640
$BCH Now in "Buy Zone" (X marks the spot)If you wanted to add or even own some $BCH, your opportunity is now.
BCH RISING WEDGE PATTERN Like to support and follow for more content!
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We can see the rising wedge pattern, if we break to the downside, we will see a continuation to our targets:
620
600
580
560
However, if we bounce from here we will go to 660.
Watch BTC on the side and the symmetrical triangle (link below)
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What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
BchSo I talked about this upper level being critical reistNce. We did have a fake pop out of it but over a few hours we didn’t hold it as support. That’s why patience isn’t key to confirm holds. Sometimes, like Matic we will rip out of resiatnce hard but almost 99% of the time we come back to test as support. The higher we run before back test the less chance for a support hold. Anyways, we seem to be testing a neckline of a small head and shoulders. I am targeted 588 as this level of support hold if we lose 612-615 support we are hanging on. If we do drop we need to be cautious that 588 won’t hold as it doesn’t in most times it has tried however if that level is reached and it does hold , that would be a very bullish sign and will be a catapult for next run out and finally above 640 with a true hold!
BchIn a critical zone attack big resiatnce here at 640. Seems to love to eject here and fall all the way back to lower 588. If we can break here and hold support flag on top of 649+ this will be a huge stepping stone. If we get rejected 588 would be a great spot to hope for some support to hold to confirm a further run here!
BCHUSD 14 JUNE 2021 1700 hrsThat is massive volumee.
If it doesnt happen here, maybe one more level down before a potentially serious mark-up.
Ignore that volume at you peril.
Playing it level to level. But when i opened this chart up right now and saw this, this must be on teh target list.
Very careful short.
BCHUSDCOINBASE:BCHUSD is bearish. We are likely near the bottom, however, we need to wait for break to upside out of triangle.
Steps to take:
Buy at blue uptrend support OR break of $648 area resistance line if candle open close above OR multiple buy signals
Sell if candle open close below blue uptrend support
If BCH breaks down further below blue uptrend line you would buy at next support of $436 area
BCH/USD LONGBCH /USD LONG
**Still waiting for entry**
This is literally the exact opposite trade to the idea I posted two days ago - which would've played out great if I had held strong with diamond hands. Lesson learnt.
Here are my reasons for looking to enter a long position on BCH /USD.
The confluences for my entry:
✓ Holding at a key level of support
✓ Double bottom with May low
✓ TD 9 printed on 2hr candle
✓ Higher volume has been entering at these lows
✓ Stochastics crossing upwards - exiting the bearish control zone
✓ Krown Stochastic indicating a buy signal
✓ RSI momentum heading out of bearish territory into neutral
Concerns;
We are still in a strong downtrend on most timeframes. Will manage risk at EMA and Fibonacci levels.
I will enter a long position with a stop loss below the wick of the reversal candle/ TD Sequential 9 after a green TD1 confirmation candle next.
** this is not financial advice **
BchAlthough we broke down from a larger ascending triangle. Then created a descending
Traingle and broke down further. We started considlation between 566-588 588 came in as resiatxne. Whenever we broke it we pumped up to between606-640$. Now as we recently got rejected at 640 level we came back and are attempting to flip 588 into new support. As all of this correction in crypto occurs everyone is scrambeling to decide if this is a start to a bear market or correction in a bull market. As for alts they are going sideways as BTCD is picking up steam. I do belive this will contiue for a while however in BCH case even though it’s struggling to her higher then 730$ it is slowly setting it’s self up for potentially a big run later when dominance decides to fall. As long as we can from here on out, remain above 540-585 we should be doing pretty well. Keep eye on that 588isj level to contiue to hold as support !
