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.
BCHUSD trade ideas
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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Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
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.
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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