BCHUSD trade ideas
Bitcoin Cash is ready to go higherBitcoin Cash is ready to go higher due to the fact that price reached powerful support zone and stopped falling, price can bounce and go up to resistance level.
BCHUSDOversold on 12h with crowling Stoch on floor.Any bounce from here will take it to 1180 area with BTC i presume will go to 45-47.000$
From that point ( if that happens ) is better to wait with new,or put SL if you have open positions.
This could be a potential reversal,or just a huge bear trap.Good luck
BchAlthough these markets are tricky right now. Def playing with emotions and tough to read.. could become a potential double bottom. The bears can’t seem to pull this lower. If it confirms support on 750 that could be a play ultimate long would be confirmed support above 930 again. Going to take some time For sure however lookinf at daily RSI. Last time I longed BCH at 478 and rode it to 1550.. RSi was roughly in the same location as far as almost over sold
Time for the moon"This predator does not chase the fox, he travels silently, with him, matching his each and every move...
right back to the foxes den! Sometimes arriving ahead of the fox. When the fox arrives, he has found that the
predator has already eaten all of his kits, and now he is taking the chicken right from the foxes mouth. What
can the fox do now? Nothing because the fox does what he does over and over again because it works!".....CJ
BchIn all seriousness. If this is a dead cat bounce. We could reach 892 or 929. If BTC gets rejected at 38.5 or failed to get above. Came back down and lost 30k recent bounce area it could go lower which would mean BCH could go a lot lower then the 500$ bounce. If that was to happen how low could be we go? 440$ or as crazy as it sounds. 155$. Do I think we will lose 500$ support, personally I don’t. But anything can happen in crypto
BchBig flash crash but usually signals a bottom. I doubt you’ll get that 500 low again. I’m watching 663$ Buy the dip
Opportunity to scale into BCH on pullbackBCH took a quick pause, presenting a breakout opportunity.. As always DYOR, the triangle confluent with all three EMA's compressed, VWAP turning bullish. May or may not retouch support before breaking out.
Happy trading.
BCHSo we have been following this rising channel support and upper resistance to a T in my opinion this is our overall trend so as long as we continue holding this lower 1045 level and keeping it holding as support it should remain bullish I’ve been talking about this level for a couple weeks now I’m around 1K if 1100 didn’t hold which It did not. We know from past performance that the 970 level is extreme support as well it almost looks as if this is an ascending triangle within this rising channel we broke out of this and launched us up to 1600 where we double topped. This is ascending triangle resistance. Comes in around $1224 in which we need to confirm support back on top of
Bitcoin cash (BCH) - May 18Hello?
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(BCHUSD 1W chart)
(1D chart)
It remains to be seen if it can rise above the 1106.01 point along the uptrend line.
In particular, it remains to be seen if it can rise above the 1168.80 point in order to maintain the uptrend.
If it falls between 785.84-865.88, you need a Stop Lsos to preserve profit or loss.
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(BCHBTC 1W chart)
(1D chart)
We must see if we can move above the 0.024777 point and break off the downtrend line.
If it falls, you need to make sure you get support in the 0.021692-0.0231 range.
If it falls between 0.021692-0.0231, a short Stop Loss is required.
However, it may rise along the uptrend line, so careful trading is necessary.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
BCHUSD UPDATE !!!BCH has reached a very important demand area. I'm expecting a very interesting push upwards. Patiently waiting for the right entry 🔥🔥🕺
BCHUSD if you would like to buy do it knowStrong support and low Relative Volatility 25% at hourly layout.
Good luck!
