$BCH- MY BCH STORY!So i came across an old crypto account I ignorantly opened in 2017 and then lost interest because as at that time,i didn't understand crypto ..LOL! The whole virtual money thing was like a conspiracy theory.
But I remember I bought about 0.03btc at that time with $45 around Feb/may which of course i stupidly sold off (with some profits of course ) 3 months later. I also lost every detail of the account and then just recently stumble on it somewhere ,logged in and a big surprise was this BTC brother BCH and some BTC...You need to see the big smile on my face... Haha.!.
I never traded BCH for one day because i always believe that it is one of those btc wannabes.. They can't be great as long as btc exist.. Think about why BCHA rebranded to ecash.... Yea! But i am keeping BCH for now and will start charting it ...LOL! On the btc...i swapped it for $Algo without a second thought.
BCH is currently on wave 1 and inside that wave 1,it is on subwave 5 that will complete the impulse wave 1 and retrace to Impulse Wave 2.
The MACD is also curling out Bullish,
RSI already bullish;
Volume- On the average i think...
BCHUSD.P trade ideas
Do you see what I see? A Parabolic MoveSaid the night wind to the little lamb:
"Do you see what I see?
Way up in the sky, little lamb
Do you see what I see?
A star, a star, dancing in the night
With a tail as big as a kite
With a tail as big as a kite"
Said the little lamb to the shepherd boy:
"Do you hear what I hear?
Ringing through the sky, shepherd boy
Do you hear what I hear?
A song, a song, high above the trees
With a voice as big as the sea
With a voice as big as the sea"
Said the shepherd boy to the mighty king:
"Do you know what I know?
In your palace warm, mighty king
Do you know what I know?
A Child, a Child shivers in the cold
Let us bring Him silver and gold
Let us bring Him silver and gold"
Said the king to the people everywhere:
"Listen to what I say!
Pray for peace, people everywhere!
Listen to what I say!
The Child, the Child, sleeping in the night
He will bring us goodness and light
He will bring us goodness and light"
NOT FINANCIAL ADVICE ya idiots
Trading recommendation for BCHIn the previous trade, the stop loss was triggered, but bitcoin acted as a guide, which generally indicates an ongoing trend. We see an impulse on volume, which occurs at the exit from the support zone, which is also a signal for the continuation of the upward movement.
BCH Spring Locked and LoadedNot a holder of this crypto, but BCH/USD is one of the late bloomers this cycle and is completely poised for launch.
Full 4.236 Fib extension using Coinbase Highs and Lows predicts an absurd value of nearly 18k.
Regardless of chasing 18K, you can see that this crypto is locked and loaded - even with today's price movement it is still under the "spring" and is preparing for launch into orbit imminently. It would not shock me to see it re-testing the previous high a few months ago within 2 weeks, if this does take off I will look deeper and see if it is reasonable to think it will test the previous ATH at 4K from December 2017 some time later this month.
BCH/USDT - Potential 107% Investment SetupHello Traders!
BCH price is in a wide trading range of $496 - $726
The market correction opens good opportunities for medium-term purchases.
Buying can be considered in the range of $424 - $496
Stop-loss under the price level of $366
Objectives of purchases on price levels:
$726
$878
$1027
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BCHUSD H16: +50% gains BULLS THE BEST level TO BUY/HOLD(NEW)Why get subbed to me on Tradingview?
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BCHUSD H16: +50% gains BULLS THE BEST level TO BUY/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BCHUSD 16hour/candle chart review
::: range locked price action
::: expecting pullback/correction soon
::: updated/revised outlook
::: setup still valid as of RIGHT NOW
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: pullback/soon CORRECTION MODE
::: BUY LOW near 405 USD S/R level
::: entry - early October 2021
::: for now expect PULLBACK/CORRECTION MODE
::: will last 1-2 weeks
::: up to 50% gains possible later
::: short-term pullback/correction
::: re-test of range lows is likely
::: before uptrend can resume later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +50% gains
::: details: see chart
::: FINAL TP is +50% gains USD
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +50% gains 600/610 USD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/50% gains
::: Sentiment short-term: PULLBACK/MODE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BCH Looking To Threaten the Bull Trend On The New WeekPrice is going to close below the 21 week moving average which will likely be followed up by a test of 461 and if that doesn't hold we can see price go much much lower.
The MACD is also crossing bearishly which leads me to believe even more that the bearish scenario will play out.
BCH H&S on Weekly ChartGood evening,
1) BCH is forming a gorgeous H&S. I cannot say that it is a complete pattern, but the way the price has been moving I can only think of a H&S.
2) BCH has been trading at a trend line that was established in December of 2018 and the price has not gone below that trend line since then, but if this bearish H&S pattern completes, then we can also expect the price to go below the trend line, which my opinion is a strong evidence of a bear market, even though BCH has not experienced a proper bull market as everyone would have liked.
3) I do not want to lose hope on BCH as a long term investment, even though it has underperformed compared to many other cryptocurrencies. The reason for not losing hope on this digital asset is that it has formed a very pretty cup indicating a bottom, but I don’t believe that the top is in for that cup, but it will indeed take time for the price to break its ATH if we enter a bear market soon. Who knows…maybe we are in a bear market right now.