BCHBTC trade ideas
BITCOIN CASH Might start attracting buyersBCH/BTC recently broke above 200 Moving Average, which is a good/bullish sign. Now after the correction, price could be very attractive for a mid term buy.
BCH BTC - Inverse H & SPotential long position with a inverse head and shoulders on BCH/BTC. Comes in line with BTC.D following the head and shoulders pattern which usually results in an alt coin rally.
BCHBTC time to buyThe price has pushed away from the buy zone at H4.
If price break resistance line you can enter the longs after correction or buy pattern.
Target 1 - 0.0340
Target 2 - 0.04
This one could be right.The normal move is to wait for confirmation... BUT , sometimes that next candle never fires up.
BCH repeat in JulyThe Dec - April pattern looks like it could repeat again with a big move coming in early July
Bitcoin Cash - new resistance might be reached in AugustOur yesterday Bitcoin Cash forecast justified itself, and the price dropped below the 0.030 BTC level.
On the daily chart, BCH has updated the bottom against, as the support at 0.030 BTC was broken. Regarding the nearest price analysis, Bitcoin Cash is likely to bounce back to the resistance at 0.035 BTC until mid-August. Such analysis is supported by the MACD indicator which is about to change the trend from bearish to bullish.
Bitcoin Cash - Rise might happen on the daily chartOur earlier Bitcoin Cash prediction came true, as the coin confirmed its bullish trend to the nearest resistance at 0.03050 BTC.
Analyzing BCH against Bitcoin on the 1D chart, the asset is still located under bearish tendencies, which is confirmed by the declining MACD indicator. The nearest scenario is a consolidation in the yellow corridor between 0.028 BTC and 0.035 BTC. The price is unlikely to go higher due to the absence of buyers and low trading volume.
Bitcoin Cash - showing growth against BTCOn the 4H chart, the rate of Bitcoin Cash has been declining since the beginning of July, breaking all support levels.
According to the current situation, the asset is about to enter the recovery phase with a bounceback to 0.035 BTC. The increasing trading volume and bullish MACD indicator confirm the positive tendencies of BCH against Bitcoin.
Bitcoin Cash Analysis: Daily Timeframe Chart Patterns.Conclusion for today’s Bitcoin Cash technical analysis: The downtrend is expected to continue with 0.02388 as the minimum target if the 0.03095 price level is breached.
Bitcoin Cash Analysis (BCH/BTC) for today is provided using a log scale on the Daily timeframe candlestick chart. The downward trend on the Daily timeframe is highlighted using a bearish trend that has been established over 13 months ago starting back in May of 2018.
Attempts at breaking the trendline to the upside in April, May and June of this year did not see a follow through in price action and rather was followed by a pullback. This implies a resumption of bearish strength.
In addition, a rising wedge (diagonal) is used to track the bullish swing from the 0.02388 price low on December 16, 2018. The aforementioned chart pattern has bearish implications, and this was confirmed by a break below the lower boundary of the wedge on June 16, 2019.
Key level to therefore watch for support in BCH/BTC is 0.03095. Price breaking below implies a retest of the December 16 price low as a minimum expectation.
BCHUSD and BCHBTC Looking BullishBoth charts suggest that we may be at the end of the dump for BCH, At least temporarily.
BCHBTC looking to enter on the retracmentBCHBTC have been in a downtrend for the last few weeks.
This weekend we had a good reversal "ofcourse with BTC dump"
Ascending triangle at a bottom of a down trend suggest a trend reversal and BCHBTC should be going up from here.
I will be looking for long entries from now on, Will see how long this can last.
