BCHUSD trade ideas
BchThis is where it gets compicated for me. So we were in this huge rising channel for BcH any time it tapped the bottom channel it was a buy and when it tapped the top channel it was a sell as one point as I’ve talked about we broke out of it and held support for some time on it. We eventually lost that support and here we are. Now 500$ is a key key support. Daily RSi is over sold. Personally I like this level but I’m ok with not getting a bottom. I want to see the trend turn around a bit. I longed BCh from 478 and sold at 1550 that was a great run for me. No here we are again. However since we are out of this channel. The break down of the channel is 280$.
bitcoin cashwhat do you think?
like follow agree disagree!
I see a new support bumping...how long before it shoots ups?
BchJust have to put this out there guys. Swing trades are great to buy dips and sell potential resiatnce but overall we are in downtrend, we are makin more and more continuation patterns over and over moving further lower. Lower highs and higher lows. Don’t spend all your money buying the dips.
We still have more ways to go in my opinion before we can turn around.
BchWe are getting breakdown. If Btc bounces at 37500 Bch could bounce at 663$ level short term. Still in down trend but may not make lower low which will be good signs
BchTime to be cautious again. Could be continuation to the down side here. I got in at my post the other day and took profits at 845 I’m not out looking for my next move. Watching the 500 - 450 level. Agin until we find support above 900 it’s going to be very undecided
BCH did one of the healthiest retest of its early breakout! As you can see BCH managed to do an amazing retest, crashing below its breakout levels. I am not a huge fan of BCH but it has definitely a really good chart. ETH just only managed to retest it's parabolic breakout, so if you are looking for an undervalued coin here you have it!
---------------- Check the charts attached to get our skills ---------------------
Some of our latest results:
ETH: short: 4320$ stop out 4454$
---> 1st target 2500$
----> 2nd target 2000$
profit(spot):52% | profit(5xLeverage): 258%
BTC: short 51k$ stop out 52k$ --->Profit: 240% (5xleverage)
------> 1st target: 33k$
------> 2nd target 30k$
Open long: 33k$ -31k$ ---> stop out 29250$. ----(Modified to break even: now we are risk of from the bottom)
Pending:
1st target: 55k
2nd target: 58-60k
Open long: 2k$ ---> stop out 1920$. ----(Modified to break even stop up to 2200$: now we are risk of from the bottom)
Pending:
1st target: 4000$
2nd target: 4200$
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Long Bitcoin Cash TrendIf it can stabilize above the resistance in June, I expect growth of 150% to the resistance range of 3500.
LONG ROGER's BITCOIN $BCHMight not be the bottom on $BTC Core yet. Still a nice spot to punt a long on BCH imo. Weekly charts looks good.
Elon's tweets might have an impact on the price of the BTC forks
BCHUSD Long itGreetings traders this is my analysis for BCHUSD and it is long
After the big uptrend movement The price has managed after the short trend movement that has been last week the price is preparing to go for a Uptrend Movement.
Traders make your own analysis before trading.
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Retail Getting Punk'dThe sky is falling Elon your false god let you down and optimism has left the chat.
Bitcoin Cash is ready to go higherBitcoin Cash is ready to go higher due to the fact that price reached powerful support zone and stopped falling, price can bounce and go up to resistance level.
BCHUSDOversold on 12h with crowling Stoch on floor.Any bounce from here will take it to 1180 area with BTC i presume will go to 45-47.000$
From that point ( if that happens ) is better to wait with new,or put SL if you have open positions.
This could be a potential reversal,or just a huge bear trap.Good luck
BchAlthough these markets are tricky right now. Def playing with emotions and tough to read.. could become a potential double bottom. The bears can’t seem to pull this lower. If it confirms support on 750 that could be a play ultimate long would be confirmed support above 930 again. Going to take some time For sure however lookinf at daily RSI. Last time I longed BCH at 478 and rode it to 1550.. RSi was roughly in the same location as far as almost over sold
Time for the moon"This predator does not chase the fox, he travels silently, with him, matching his each and every move...
right back to the foxes den! Sometimes arriving ahead of the fox. When the fox arrives, he has found that the
predator has already eaten all of his kits, and now he is taking the chicken right from the foxes mouth. What
can the fox do now? Nothing because the fox does what he does over and over again because it works!".....CJ
BchIn all seriousness. If this is a dead cat bounce. We could reach 892 or 929. If BTC gets rejected at 38.5 or failed to get above. Came back down and lost 30k recent bounce area it could go lower which would mean BCH could go a lot lower then the 500$ bounce. If that was to happen how low could be we go? 440$ or as crazy as it sounds. 155$. Do I think we will lose 500$ support, personally I don’t. But anything can happen in crypto
