# 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 trade ideas
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.
BCH - 2 levels To check out Hello trading friends,
This is a small update for BCH.
BCH is an interesting zone for possible new gain. this depend also on the BTC market.
We could see depending on the simple TA trend that BCH could return to the zone of 400 USD coming time.
If we get a new increase on BCH, then are the next 2 levels very important for a time frame.
Have a great day.
BCHUSDT Market AnalysisTurns out yesterday was totally wrong. Now there's a new triangle forming in a downtrend. If it breaks down then the trend continuation is inevitable. We've gone through two triangles before (yellow line). crucial position. let's wait and see how the market chooses. For a long time frame, this downtrend has been broken though.
buy 370 sell 384 stop 363
BCH H&S patternBCH has already made a head and shoulders pattern, according to this pattern and market trend we may expect several more days short on BCH
Beside here and there some people states that BCH is a failured project, which may have more negetive impact on BCH price.
This is a personal idea and I am not a financial advisor
BCHIn the larger scale, we are experiencing lower ceilings and floors, and we are seeing an upward correction in the form of higher ceilings and floors.
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.
One day analysis of BCHUSDTBlitz Bull: seems like we are having an ascending wegde right now. With a high-pressure zone above an uptrend line pushing up, inevitably it will need to break through to the upside
Blitz Bear: two days ago the price has created a lower low and lead the volatility range to a low level.If we see this small uptrend as a pull back then the next wave might lead the price to a new low or at least it will approach 361 again.
BCH analysisThere shows a double bottom, now waiting to see if the price can break the 397. if it is then a good chance to buy. Tend to think it creating the higher low now so if the next pull back goes near to 383 also a good position for long trades.
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.
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.
One day analysis of BCHUSDTBearish view: With a downtrend line that keeps pushing the price lower, the market tends to go down and break the last low point(425.7) and create a lower low.
Bullish view: Now 15 mins chart is forming a short-term triangle pattern and this pattern has been broken. This would further squeeze the fluctuation range. Plus the ATR goes to an extremely low range which would likely cause the price to push up back. support: 427
BCH/USDT is ready to MOVE UP !💎 BCHUSDT / 4H 💎
we have a Bullish parallel channel in 4H time Frame .
possible bounce from here !
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.
Bitcoin Cash - SHORTS Target Hit. What's Next? 🚀Following on from our last analysis on Bitcoin Cash, we reached TP and now we are expecting a reversal very soon. We are approaching a very strong level where we have multiple confluences to buy.
Trade Idea:
- Watch for strong bullish price action at the $380 level
- Enter with stops below price rejection
- Target 800 as first targets and HODL the rest!
What do you guys think?
Goodluck!
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.
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.
Analysis of BCHUSDTBCH is exactly following the price action of BTC. They both come to a high-value zone which has been tested two many times since 4th Dec's freefall. Regarding RSI, it is still on the margin of 30. And the Average range goes to the recent high so the likelihood of narrow waving is high and tomorrow would be new year's eve. For the coming few days, I tend to think the price of fluctuation remains very low.
sell 437/ buy 426/ stop 443
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.
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.
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.
