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BCHUSDT trade ideas

BCHUSDT Market AnalysisBlitz Bear: We've been in a long time downtrend and now the price is under the pressure of EMA 50. According to the volume it is unlikely that the price will go up and breakthrough to the upside now. When this pullback is over, The market might have another panic sale which causes a long consolidation. Blitz Bull: The support level still matters, If the price holds above there(344), then eventually a bigger pullback will be materialized. Next resistance: 450.
by Blitz_analysis
One day analysis of BCHUSDTBlitz bear: After a free fall we can spot a descending flag, this also shows a sorting area that is still under downtrend. Even though the price had been above EMA 20 for a while, but the bull just can push up more thus the candles keep attaching EMA 20, a very weak signal. Our potential target would be 361. Blitz bull: There's no surprise that price would encounter resistance in this area. If we look back we will find that the area we are in now was a high-value area since Nov 2020. As long as the price didn't break out to the downside of this area, we are under a long-term consolidation in one week's chart. In other words, most people would think this is unconquerable support and it's the time to buy at the dip.
by Blitz_analysis
One day analysis of BCHUSDTBearish view: Since the price now is under EMA 50, we are expecting a long-term bear market. The next support level is roughly 380~390. It will need some time to conquer, therefore, a consolidation is likely to happen for a few days. Bullish view: The price has broken a major support area, it would certainly increase the passive emotion and cause some panic. It's more likely conducted by US traders. Now the hope is a pullback. Resistance range: 414-420.
by Blitz_analysis
Some thought of BCHUSDTNow the situation is not really positive towards us. Yesterday I drew 3 boxes and they all broke straightforwardly. On 4 hours chart, the price is heading to the next big support level (yellow dashed line). I think that's the next target. Wait until the opportunities come to that area then look for a long trade. While if it broke, look for the short trades. On the contrary, another possibility is the bulls don't even allow the price to touch their holy land, so eventually, they'll create a pushup, and the next resistance level is the dashed blue line on the chart.
by Blitz_analysis
One day analysis of BCHUSDTI'm trying to divide it into three areas to do a 1-day analysis. Purple, yellow, and green Box respectively. A great hammer showed after yesterday's analysis, therefore the lower high formed and the price is directly heading down. When zooming down to 15 mins timeframe, it shows the support (443) has been broken. So now it encounters double pressures of decline. Both 4 hours and 15 mins. Each time the price touches the box upper band could be a chance to short.
by Blitz_analysis
BCH analysisThe price tested the old position, again, in 31st Dec. We could have two views: Bullish view: (green line) The price action from 13th Dec to 31st Dec can be seen as two major waves and it forms an uptrend, as long as it didn't break down the previous low, we can think this trend is still valid thus should expect a higher push up to overpass 480. Bearish view: (blue and red line): The price now is on a bull back. The uptrend actually was broken already and now this position is the lower high. So when there's direction changed next wave (downtrend) will eventually break the support level (red line) and goes lower in order to create a lower low.
by Blitz_analysis
1
One day analysis of BCHUSDTthe uptrend has been reversed. Short-term resistance:445,next support: 435. Even though the trend direction has changed, it's still unlikely to suffer a big freefall. @Bullish view: the market will try to conquer the resistance again and stand above it to continue the consolidation, the wave range might go to 440-480. @Bearish view: 445 this resistance will become the pullback high and start another falling round lower than 433. Swap to 15 mins we can see this position has been tested 2 times and the second bounce is less than the previous time, so for 15mins if the price goes below 438 it's a good time to go short.
by Blitz_analysis
1
One day analysis of BCHUSDTnow a really critical position with one hand it was the previous neckline, and the other hand the last major swing level. The weird thing is the high volume that happened on 27th Dec now keeps silent, we can't even see a notable buy volume shows when it's falling down. This means the individuals were not that interested or they don't think it's a good time to buy at the dip. Either way is negative toward the future market. Without individuals' passion, the whale wouldn't make much effort to push the price up. Price can struggle here to remain above 445 in order to keep the uptrend.
by Blitz_analysis
One day analysis of BCHUSDTAfter 24th's breakthrough, the highest price went to 461.2 on Binance. it doesn't have the power to keep conquering higher positions so the price started to pull back and with no surprise, tested the previous resistance(44-450). Also the previous double bottom's neckline. We can imagine how big the support is in this high-value area. When changing the timeframe to 1 hour, the chart shows an uptrend line with higher lows which is another good signal. As long as the price didn't go blow 440, it can still be seen as an uptrend now as we should seek for a long position.
by Blitz_analysis
Merry Christmas! Crypto top volume analysis.Merry Christmas (Happy Holidays) to all my friends in the TradingView community! I wish you all health, happiness and prosperity. Here's a unique, side by side, analysis of the top Cryptos exchanged by gross volume with a net volume indicator. This helps to magnify and look "under the hood" of what's going on underneath the surface of the crypto market, to find patterns, divergence and/or correlations. I'm not sure if this is going to publish all scrunched up, but on my end I can "toggle maximize" or "full screen" mode. Top 10 crypto market gross volume 24hr: USDT = $60,096,402,005 BTC = $24,318,186,877 ETH = $12,591,356,372 BCH = $5,451,150,219 BUSD = $4,231,732,311 XRP = $3,915,445,810 LUNA = $3,830,973,100 USDC = $3,406,533,339 SOL = $2,248,034,112 SHIB = $2,120,395,623 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
by Options360
2
One day analysis of BCHUSDTSo yesterday was totally wrong, instead of going back and forth, the price directly breakthrough to the upside after hitting 435 (before this position has supported price many times) . No more pullbacks. Now the chart shows double bottoms usually a trend reversal formation,(if look back a little bit, can be seen as three bottoms, the price formed three valleys, and forwarding one wasn't able to go below the prior one). then price broke the neckline and kept moving up. By calculating the distance between the bottom and neckline, the next swing high target is around 472. If pullback occurs to test the neckline, it would provide another entry point. Still need to break through the previous high first then it can be seen as the trend reversal and we are in long trades.
by Blitz_analysis
One day analysis of BCHUSDTwith 15 mins chart creating higher lows, the price is pushing up to the resistance level and narrowing the waving range. Seems the bulls have gathered enough power to conquer it. Would it still be so hard to stand above and crush back? below the short-term support 440. It might have the chance to try one more time. with a 1-hour chart, 3 bullish candles are forming and it is also critical to see whether the close price can be above 444. for now tend to think of any withdraw as a chance to buy it.
by Blitz_analysis
1