BCH/USD ($400 Range Strong Support?)💎Technical Analysis Summary💎
BCH/USD
-Bitcoin Cash weekly view is back at the key area of interest
-The 400 dollar range may act as a strong buying oppurtunity for long term
-Our main guide here is the long term trendline from Dec 2018 up to the current date
-I think if BCH can hold the 400 dollar support until the end of this year
-The chance we can expect an upside move increase in the coming 6-12 months
-Take note this is on the weekly time frame, a lot of things may happen
-So you should approach this idea with an investor mindset, not a typical swing trade analysis
-Good luck everyone! happy trading! :)
⚠️Please always read the description⚠️
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Bchusdt
BCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is approaching its resistance line. We can sell on the ceiling, but if there is a weakness in the process when it reaches the resistance line, and if the price breaks the resistance line and stabilizes above the line, We enter the deal with the above goals. We have identified resistance and support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
BCH 200MA Birth - Volatility Implied BCH has incredible potential
And this observation only exacerbates this potential
When the 200MA becomes visible, it allows the 50 and 100 to adjust to the 200's position
On the Bitcoin pair 1.618 is being tested, potential for a reversal
Incredible long term hodl
BCHUSDCOINBASE:BCHUSD is bearish. We are likely near the bottom, however, we need to wait for break to upside out of triangle.
Steps to take:
Buy at blue uptrend support OR break of $648 area resistance line if candle open close above OR multiple buy signals
Sell if candle open close below blue uptrend support
If BCH breaks down further below blue uptrend line you would buy at next support of $436 area
BCH/USDT Might Be Smashed By Bears 🐻 🐻 🐻 📉 BCH/USDT | Potential Downward Movement
💡 Sell Limit Order @ 562.69
🎯 Target Profit 512.27
🛑 Stop Loss 587.68
❌ Do not risk more than 1% of your account on each trade
Description:
The coin succeeded to break the continuation patter or the bearish flag to the downside. A correction might be seen to the strong resistance (highlighted zone) before a move downward in the same direction of the main trend.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
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BCHUSD Longs are at record ATH and growing, but why?Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link:
smartbch.org
And to my surprise, a smart chain is being developed for BCH and the test net is live since April 30th.
If you are Bitcoin Cash fan, you'd say I was living under the rock for now knowing about this. And you're right, I am not a BCH fan. But this fundamental news about BCH smart chain got my attention.
Is it time to jump onboard? Well, I will keep an eye on it... but not sure when the time is right to jump onboard in this blooded market unless a breakthrough announcement is made or BTC shows some strength.
If you have any fundamental info about BCH or SmartBCH, kindly share it below. Thank you in advance.