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Bitcoin Cash BCH long medium-term trade #22Yesterday, the BCHUSDT price behaved quite well during the "circuses" that were organized using trigger words: "ETF" "BlackRock" "SEC"... This manipulation "deleted" many shorts positions... but gave two points for reflection: - there is strong demand for growth. The slightest trigger in the form of a tweet and the price of BTC is ready to push up +7.5% in 15 minutes, the last time it seems to have happened in 2017. - What if, yesterday, many shorts' stop orders were deliberately knocked down to make it easier to fall without "extra passengers"? (There have always been paid-for articles or "accidental mistakes" in publications on the crypto market - it's a matter of price and benefit.) Write in the comments what do you think happened yesterday and what will happen next? Nevertheless, we are here to trade and make money on it. Therefore, we bring to your attention the conditions on which we are ready to enter the medium-term BCHUSD trade Entry: in the range of $177.6-189.6 (the desired average price is $183.6) Stop: $165.4 (-9.9%) Take profit: $305.60 (+65.45%) P/L ratio: 6.7/1 For now, we are taking a more pessimistic scenario as a basis, a price correction of -20% from the current one. Since it is not yet clear whether yesterday's manipulative events have finally worked on the price and what the final goal of the manipulation was. However, if the BCH price corrects relatively smoothly and slows down around $201 (-12%) , then this is also a reasonable and convenient point to enter long. We will closely monitor the movement of the Bitcoin Cash price and, if necessary, update the idea and the trade to adjust to the market situation. Therefore, if you are interested in the BCHUSDT trade, please like, comment, and subscribe to us, and Tradingview will send you a notification when the idea is updated.
Long
by P_S_trade
17
BCH still has many drops to come!From where I wrote "START" on the chart, the BCH symbol has entered the corrective phase. Examining the waves, we seem to be inside an ABC. Wave A has formed and we are now in Wave B. Our B wave has become a diametric, the last wave of which is only g left. It is expected that wave G from B will end in the red supply box or a little higher, and we will enter wave C of a big drop and go down to the lower green box on which I wrote TP. I specified the invalidation level, that closing a daily candle above this level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
10
BCH: Approaching SupportBitcoin Cash (BCH) technical analysis: Trade setup : Following a bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, price reached our target of $250 resistance for a 25% gain. Now we wait for price to either 1) break and close above that $250 level to signal resumption of uptrend with upside to $330, or 2) pullback to $200 support for another swing entry in uptrend. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
BCH/USDT1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN CASH update from Crypto Sanders. Chart Analysis:- Bitcoin cash (BCH) was a notable gainer on Monday, as the token rose to a two-month high to start the month. BCH/USD peaked at 246.98 earlier in the day, after trading at a low of 233.74 during Sunday’s session. This was the strongest point that Bitcoin cash has hit since July 31, when the price reached a high of 259.00 today’s move comes after a key resistance level of 245.00 was briefly broken, bulls have gone on to retreat from earlier positions. One reason for this was a collision that occurred on the relative strength index (RSI), which hit the 70.00 resistance point. Currently, the index is tracking at 69.53, with BCH at 243.30 as of writing. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
Bitcoin Cash Parabolic Rally Update! | BCH Price Prediction 2023Hi friends hope you are well and welcome to the new update on Bitcoin cash (BCH) Harmonic bullish reversal move: Before starting the analysis of BCH, I would like to share with you my most recent trade signal for Bitcoin cash, which I shared few days ago. That was a harmonic bullish reversal BAT move, which BCH formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move. Massive breakouts: On a weekly time frame chart, from March 2021 uptil January 2023 the priceline of Bitcoin cash was moving inside a very big falling wedge pattern, and finally in the second week of January 2023 Bitcoin cash broke out this huge wedge pattern but got stuck inside in another symmetrical triangle and in the second week of June 2023, after testing the support of this triangle BCH rallied almost 200% and broke out the resistance of this pattern as well. Dropped in golden pocket: After the 200% rally the price was dropped 61.8% that is considered as a golden pocket of Fib retracement level. Finally it has happened and BCH has begun nice reversal move Broke out the channel: On a daily time frame, for almost 77 days priceline was moving inside a long down channel. Finally it broke out this channel on 15th of September 2023. After the break out the price and got rejected by the reference of $226, it has also broken out this resistance as well. There is also a support at $180, which is also a recent swing low before this channel’s breakout, therefore, below this support the stop loss can be placed, in case of trading this breakout. Targets: Target for the recent channel’s breakout is at the top of the channel, which is approximately $315, and if we take a look at the target for the previous breakout from huge falling wedge pattern, which has already happened on a weekly time frame, that is at the top of the wedge, which can be between $1600 to $1800. Conclusion: For the past 77 days the priceline Bitcoin cash was moving continuously to the downside, but after breaking out the recent down channel and starting a bullish reversal from a golden pocket it is confirming a trend reversal from the downside the outside.
KRAKEN:BCHUSDLong
by moon333
1
Bitcoin Cash BCH - long trade #16Hello colleagues! While bitcoin is once again stuck in a narrow consolidation, we have found an interesting short-term trade that we want to take. After a successful local growth wave on September 11, the BCH price began a correction. Since 22 September, sellers have twice updated local lows. However, they failed to gain a foothold below the $205-207 range. Given the nature of the fall in the BCH price since September 19 , sellers do not have the strength to continue the pressure. In our opinion, a new wave of BCH's likely decline may begin after the local high of $218.9 is updated. At this point, it will become clear whether the local wave of growth is part of a correction or a new growth momentum that will easily reach the medium-term target in the $225-229 range. However, we are interested in a short-term trade with the following parameters: Enter =205-207$. Stop = 201.7 (- 2.14%) TP = 218.46 (+5.99%) P/L ratio = 2.8 We are again placing a fairly short stop order, as if buyers are weak in the $205-207 range, the price of BCH could fall sharply below $195, where we would once again take a risk on buying BCH. We allocate $5,000 for this trade. In case of a mistake, we will receive a loss of $107 . If the trade works out, we will get a profit of $299.5
Long
by P_S_trade
23
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin cash (BCH) was a notable gainer in today’s session, as the cryptocurrency climbed for a second straight day. Following a low of 206.86 to start the week, BCH/USD peaked at 213.89 earlier in today’s session. The move saw bitcoin cash close in on a resistance level of 225, which was last reached on September 18. the move comes as the 10-day (red) moving average remained above its 25-day (blue) counterpart. the relative strength index (RSI) has broken out of a ceiling at 52.00 and is now tracking at 54.50. A point of resistance at 60.00 now seems to be the next target for bulls, and if hit, BCH will more than likely be above 225. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short-Term basis and Neutral on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $140 – $150. The nearest Resistance Zone is $200, which it broke, then $250 and $330.
Long
by altFINS
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session. Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week. bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process. This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark. The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July. Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCHUSD Chart Resembles 2019: Potential Surge to $297 and $463Hello dear traders! BITSTAMP:BCHUSD appears to be mirroring its 2019 price action closely. 📈 There's potential for further upward movement towards the $297 and $463 levels. These price zones align with the ascending Fibonacci channel and historical support/resistance areas. The $200 support level holds significant sway, a pivotal point for both bulls and bears. 🐂🐻 A breach below $200 could signal a deeper price decline – an essential factor to monitor. Conversely, a compelling signal emerges on the weekly chart, hinting at a price surge towards $300 and $460. 🚀 This optimism stems from hidden bullish divergence and a resemblance to the 2019 price patterns. Keep a keen eye on these developments. 👀
CRYPTO:BCHUSD
by Vestinda
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 6% on Tuesday, as bulls returned to the market following recent declines in price. After falling to a low of 181.38 to start the week, BCH/USD raced to a peak of 198.93 earlier in the day. This rally saw bitcoin cash snap a four-day losing streak, which pushed the price close to a support level of 180.00. it appears that this was the trigger bulls needed in order to return to the market. The 14-day relative strength index (RSI) also bounced at its own floor at the 35.00 mark and is now tracking at 37.58. Should today’s momentum extend through the rest of the week, there is a good chance that BCH will rise towards a critical resistance level of 220.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCH/USDT is Ready For Bullish Rally | Bitcoin Cash Analysis💎Yello Paradisers! Get ready for an exhilarating journey with BCHUSDT. Right now, it's comfortably positioned in a demand zone, hinting at a potential bullish surge. 💎Currently, BCH is holding onto a crucial support level, moving within a specified boundary. A bearish order block has posed some challenges within this territory. 💎The momentum seems to be building, and there's a strong chance the price will break through the order block, aiming for the above supply zone. 💎However, if the bears take control and the price drops beneath the support, it might pave the way for a prime shorting scenario. 💎Stay tuned for more strategic trading insights from us! 🌴
Long
by MyCryptoParadise_Simon