One day analysis of BCHUSDTgradually forming an ascending channel now so our next move would be even higher. Bulls are rallying up again and the resistance would eventually be conquered.
BCHUSDT trade ideas
One day analysis of BCHUSDTthe market fluctuation has been winding down in the past day, It highly likely will go up and fight for the first resistance level(302-310). For bears, it might be able to gain a small pullback first (create a higher low in the chart) then let the bulls rally up again to test the resistance.
Bitcoin Cash (BCH) Buy ZoneBitcoin Cash (BCH) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Neutral
Risk : Medium
With the bigger picture remaining bullish, the shorter time frame picture has become pretty grim for the bulls. Currently ranging at around $290, Bitcoin Cash has reached the major long-term support we've been forming for the last 3-4 days and one that when broken trend-line will determine where we'll be heading to all targets for the next two weeks.
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$BCH/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 270 - 295
TP 1 : 304
TP 2 : 317
TP 3 : 331
TP 4 : 360
TP 5 : 384
TP 6 : 405
TP 7 : 431
TP 8 : 472.5
Stop Loss : 244
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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One day analysis of BCHUSDTYesterday it tested the previous low again and we can see it has been broken. For now we have a lower high looks like we heading down again.
Blitz Bear: follow the downtrend either we create a big triangle then narrow down to choose a direction or we just heading down and create a lower low. both way would require a continuation of downtrend for a while.
Blitz Bull: the market still shows the power to prevent the price going down further(mostly related with the Fed rise rate but now the sentiment has been cool down), that why the bears couldn't push the price much more. and MACD appeared a divergence. probably can see a rebound goes above 300 soon.
BCH Bitcoin Cash to test the support lineBCH Bitcoin Cash is close to test the important support lines and most likely it will.
What is the utility of those Bitcoin forks anyway?!
Aren`t they useless?
BCHUSDT Market AnalysisNow is the consolidation after a freefall. The lowest price touches 265 which means the market price now only covers 8 percent back.
Blitz bear: With the selling, the pressure keeps going on after this short-term consolidation, we might still head down to test the previous low again.
Blitz Bull: Lots of people still want to buy at the dip and it's a good time to expect a decent rebound, normally would be 2/3 (around 338).
BCH ShortRegarding to the market trend, and the H&S pattern of BCH it seems that BCH will crash down to &$300s Support level which is a strong support zone on weekly timeframe
Enjoy short
It is a personal idea and I am not a financial adviser
BCH/USDT Bitcoin cash Smart money 💰
Don't lose this opportunity
Join the race , get satisfied 😌
Go all in 😎
Good luck with your investment
Only for wallet
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BCHUSDT Market AnalysisBTC has reached a key support level, and BCH approached the low price of 344.1 that a slump happened on 4th Dec 2021. Looking for the market to consolidate here for quite a while because this price is also the previous resistance level when the price finally surged in Dec 2020. But for a weekly chart, a lower low is inevitable and prevailing emotion has been dominated by bears.
Good time to buy in #BCHAround the 355 - 370 looking forward buy position and the targets is in chart.
One day analysis of BCHUSDTA triangle in a downtrend is doomed to be a bear signal, with pressure getting heavier and heavier, the lower highs and high lows showed it in front of us. The market will choose the direction soon. We can look for a trade when the market broke this triangle or wait for the price to test the resistance level again.
One day analysis of BCHUSDTHorrible time here, everything is dragging down... It's heading to the next major level now, wait for a pullback to short. This is more like a slump so might not give a chance to rebound to the white box. Now just wait and see if it can be supported at the next level ( first blue box) and if not, further down to test the next one (bottom blue box).
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. Here is the S1 support line which the price has hit several times and was supported. Now also it is ranging close to it. You can set the Buy order at the S1 line and keep the Stop Loss. If it falls below the S1 line, then there would be more falling. You can sell half of your assets at the R1 line and the other half at the R2 line. If it breaks the R2 line then it can see higher prices.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
bch---usdtDue to the formation of the triangle pattern, if the side of the triangle is broken upwards, we are expected to have a price equal to the height of the triangle.
One day analysis of BCHUSDTSeems like we have formed a double bottom in a 4-hour timeframe here. The candle shows very positive feedback of it and now we are retesting a midpoint, and this would be a good entry point if we switch to 15mins.
BCHUSDT Market AnalysisFrom the 4-hour timeframe chart, It is trying to form a higher low, and the price stand firmly here, we are still under an uptrend. In the 1-hour chart, the price just broke a triangle and now is heading down. Either way, the next key support is around 375.
Blitz Bull: Since there's a oversell plus price started to bounce back, the best scenario is a push-up could be happening soon.
Blitz Bear: Still we cannot deny that after the brokedown of the triangle, the big bearish candle shows clearly the lack of confidence of the market, The shooting star also bears it out.
Ichimoku: BCHUSDT Fall below the back test trend lineIchimoku: BCHUSDT Fall below the back test trend line
If you refer to my strategy, please control the possible loss of a single transaction at 1-2%! No matter how accurate, trading is a multi-party game many times a day! If you have a big position, there will always be a wave of wrong market burying your account
The following link has my trading behavior report, which is convenient to understand the profitability and stability of the strategy
BCH analysisSince the market broke the previous resistance level, it became the support area(375~379) and now we have another short-term support(the blue box) . It has been tested twice(15 mins timeframe). Now it's more like a double bottom in this timeframe and we've got what we need to enter the market with a long position.
Bitcoin C(r)ash is done crashing! (BCH bullish rebound)The fake Bitcoin will reclaim the marked zones in the coming days and will spit out enough dry powder to increase our real bitcoin position.
Watch out tho! Bitcoin C(r)ash can go to zero after all!
BCHUSDT Market AnalysisWhat we are expecting now is a breakthrough. No surprise that the price would encounter huge resistance in the current position as it was the high value area before. if this pull back created a high low(above 377) thus bring us a uptrend line below with the resistance above, It would eventually become a triangle pattern and we can trade break and test.
# BCH X3I believe in the possibility of the rest of this region, so the decision was made to enter reach x3 surfing to the resistance region
BCHUSDT Market AnalysisThere's about to have a pullback anyway. it's just a matter of how much it will pull back. This uptrend now can be seen in both 1 hour and 4-hour timeframes. But the possibility of double bottom still can not be tule out which means when touch this swing high(from 356-388), the price would go down again and test the previous low point to form a double bottom then start the real push up.
