Bitcoin Cash To Grow Strong (70% Mapped Short-Term)We have Bitcoin Cash starting to wake up...
We are looking at the BCHBTC pair.
We have this descending channel which is very likely to break soon but still holding.
Today we have a new All-Time Low followed by a recovery while prices lurk above EMA10.
I believe we already looked at the bullish divergence with the MACD and RSI...
Once we reach bottom... What follows is UP!
Bitcoin Cash Ready To Grow!
Namaste.
BCH
Bitcoin Cash Oversold, Bullish Divergence + ATLBitcoin Cash hits a new All-Time Low while at the same time hits oversold on the RSI.
We have a strong bullish divergence with the MACD.
Based on other market factors not visible on this chart, we believe that Bitcoin Cash can bounce at this support level.
The last low around $107 should be the stop-loss in a manual way as we use it.
Any trading above this price and we are strongly bullish.
We are active on this one with leverage as well.
This is recommended for experts only as leveraged trading is ultra-high risk.
We are also active on this pair through SPOT trading and the BTC pairing below.
Remember to hit like, follow & comment for more.
Namaste.
LTC On Track to Outperforming The Rest of The Crypto MarketAs i would have hoped LTC has recently begun to outperform other coins as a few months ago it showed an edge against Bitcoin Cash and has since significantly risen in value against BCH; Along with that we've also seen LTC make big gains against Ethereum and now we're finally seeing it move against BTC even during this bear market. if all goes smoothly we will see LTC front run the market and gain significant marketcap dominance.
Link to the LTCBCH chart are in the related Ideas tab below.
Bitcoin Cash Descending Channel, New ATLBitcoin Cash vs Bitcoin (BCHBTC) just hit a new All-Time Low while trading within a descending channel.
We believe that this new low will work as support and can lead to a trend reversal.
The last low at 0.005210 should work as the stop-loss.
A full candle close below this level and the above analysis is invalidated.
Trading above this level opens the door for growth (green arrow).
Stay patient.
The cryptocurrency market will recover.
Bitcoin is also preparing to grow.
Namaste.
BCH scalp - bounce from zone of interest📈Reasons to take short
⭐️ Buyer on BTC
⭐️ We came to liquidity zone
⭐️ Volume increased
⭐️ 3rd touch
⭐️ 110 ATR
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Is shorting the way to go forward for BCH tradersBitcoin Cash has been subjected to heavy sell-offs in the last six weeks post an up-channel (yellow) breakdown on 30 April. The price has been hovering near the lower band of the Bollinger Bands (BB) for the most part ever since.
A convincing close below the two-month trendline support (yellow, dashed) would open doorways for an extended retracement. Any close below the $148-zone would delay the bullish revival chances in the near term. At press time, BCH was trading at $151.9, down by 7.75%in the last 24 hours.
Given the aggregated fear sentiment, it has been relatively simple for BCH sellers to find fresher grounds to rest on. A reversal from the $362-zone in April chalked out a two-month trendline support on the daily timeframe.
Since then, the coin has been on a steady fall. The broader liquidations pulled BCH down to its 27-month low at the time of writing.
With BB’s lower and upper bands looking opposite ways, the bears would now strive to push for a high volatility phase in the coming days. As the trading volumes were in a decline phase, the trend was yet to take a compelling shape.
Any close below the 148-support would pull BCH for a further downside toward the $136-level. Post this, the bulls would likely aim to counter the selling pressure for its multi-yearly lows. A near-term bullish revival would likely be short-lived by the south-looking basis line of BB.
BCH Retest NarrativeBCH Fractal shows bear market in the near future but also shows a tight triangle.
Will there be a potential retest to $70.00 (22,000% Gain)?
Or will BCH launch out of the Triangle from $168.00 (9700% GAIN).
Or will 2023 look more likely?
The ALTCOINS were missed, and there are 2 narratives to be played out.
Will ALTCOINS launch and decouple from BTC?
(*BTC shows signs of decoupling from NASDAQ)
LONG BCH!
Bitcoin Cash vs Bitcoin | Reversal Candle + All-Time LowWe have a huge reversal candle as well as an All-Time Low on the BCHBTC chart.
We love to see ATLs because this surely opens the doors for massive growth.
Once we hit bottom, the only place left to go is up.
Bitcoin Cash is ready to grow.
We are bullish on both pairs, BCHUSD and BCHBTC...
Visit the 'Related ideas' below.
Namaste.
Bitcoin Cash (5X Lev. Trade - 165% Potential)Did you enjoy ADAUSD on 10X leverage with over 400% of profits within 24 hours?
Do I have your support?
If Yes, hit LIKE now for more...
Let's how look at BCHUSD (Bitcoin Cash).
----
LONG BCHUSD
Leverage: 5X
Buy-in: $191 - $204
Targets:
1) $215
2) $240
3) $270
Stop-loss: Close daily below $185
Liq. price: $164
Potential profits: 165%
Capital allocation: 5%
----
This is not financial advice.
Leverage trading is ULTRA-HIGH risk, it can result in all money lost (liquidation).
Only for EXPERTS.
Let me know in the comments if you want more of these...
If you like higher or lower risk!
Namaste.
BTC Market playing a game - A whale breakout still possibleThere is still no side confirmed, and BTC playing between the 2 important ranges, above 30K is the uptrend since, and below 29K is the breakdown trend.
But we know from history that price actions below 30K get in most time into a breakout above.
Is there a secret plan that we don't know, and is BTC going to break out above the 32K level?
32600 is a level where more users check - because it gives some confirmation on side of the uptrend.
It's good to follow the trend to see how this will play out - but it seems we miss some volume to get into the trend - as long BTC is still below 30K - there is a change on a breakout above it.
Time will show.
Bitcoin Cash (BCH) Buy ZoneBitcoin Cash (BCH) Buy Zone
--------------------
BIAS
Mid-Term : Neutral
Risk : Medium
Neutral 4 hours timeframe Bitcoin Cash remains around our current market structure mostly due to our latest drop towards to entry zone.
--------------------
$BCH/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 165 - 170
TP 1 : 175
TP 2 : 182.5
TP 3 : 187
TP 4 : 192
TP 5 : 200
TP 6 : 207.5
TP 7 : 217
TP 8 : 228
Stop Loss : 156.5
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
HIGHLY IMPORTANT DECISION TIME FOR BCH!Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity.
Bitcoin Cash is high volume coin. Which is a good thing in a bull market.
But right now we are in bear market and at a very important price zone for bitcoin cash!
277 is a massive support area.
If you look at number 5 on the chart, you shall see price action was around 277 for over 2 months.
After the breakout above price went parabolic rising 5x.
Also if you check number 1-2-3-4 on the charts, you will see everytime price break above 277 area and retest it, bch lose value and drop to the 200 price zone.
Support areas
277
255
200
Resistance areas
292
318
342
386
Short term outlook;
If we cant hold 277 now, we will probably see 200 price zone again!
Follow for more ideas and charts!
BCH trend lines#BCH/USDT
$BCH is trading between weekly ascending trend lines, also parallel descending trend line from all time high make resistance for price.
🐮 break out from descending resistance will increase price to ascending resistance that is the same with resistance zone around 0.382 fib level, and break out this zone will head up price to resistance zone between 0.5 and 0.618 fib levels.
🐻 rejection from descending resistance will drop price to ascending support that is so week because of so many touches and will drop more to long term support around $200.