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 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.
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.
BCHUSDT ANALYSISIf you're investing 1,000$ into BCH
buy 20% now at support
buy 30% when the candle open / close above downtrend line (blue)
buy 50% when you get 2 BUY signals from Robo
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
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.
BCH/USDT - One Day Chart - Next Target 1,200I follow the chart pattern strategy a lot of is trading in the area zone and $BCH Still training in the Bottom line.
$BCH will go $2,000 in a couple of weeks by Elliott wave and we entered the second Elliott wave phase and The Market is extremely bullish for the long term.
One day analysis of BCHUSDTfeels like another correcting is happening and the price will go back to 418. Price's range of fluctuation is 418-445. Lucky there's a midpoint at 432. It might not be able to go back within the day so tend to think it will hit the midpoint then back and forth for a while. When looking at the smaller timeframe like 5mins, the situation isn't very positive. Since 8:30 22nd Dec, We can find many times of slow rise, the rapid fall.
