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Bitcoin Cash (BCH) - July 16Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- You need to make sure you can get support at point 222.98. In addition, you need to make sure that you can quickly rise above the 229.00000924 point. If you fall from 222.98, you are likely to touch 194.19134433 or lower. --------------------------------------------- (OKEX BCHUSDT 1D chart) 216.40~255.71 It fell from 236.14 near the middle of the box section. You need to make sure you can get support at point 216.40. If you fall from 216.40, you are likely to touch below 191.84. If it does, you need to make sure you can ascend to the important section, 314.13~361.05. -------------------------------------------------- ----------------------- ** You can check the indicator by activating the MRHAB-MY1 indicator. ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
by readCrypto
2
BCHUSD the pattern has been changedHi friends hope you are well and welcome to the new update on Bitcoin cash. Recently a very positive move can be observed on the daily chart that after touching the support at $215 the price action moved up and broke out at $225 resistance again. At this time the price action is retesting the $225 resistance level as support that is really very good gesture because whenever the price action re-tests the previous resistance as supprt after breaking out then there are chances that the price action can move up to the next resistance level rather breaking down the support again. The price action of BCH is struggling at 100 SMA resistance level: If we watch the simple moving averages with the time period of 25, 50, 100 and 200 then still the priceline is struggling at the 100 simple moving average resistance and having support of 50 SMA. If the price action will break out the 100 simple moving average then next resistance of 200 simple moving average is at $170. The pattern has been changed: The price action of Bitcoin cash is moving in a wedge pattern. If we place the balance of power indicator then it can be clearly observed that the power between the bulls and bears is distributed equally. Whenever the balance of power is moving down or moving up the price action is following the signals and hitting this support and resistance levels accordingly. When the balance of power 8th time gave bearish signal the priceline of BCH moved down at support but when balance of power indicator gave bullish signal the price action did not reach at the resistance. And when for the ninth time the balance of power moved down the price action broke down the support of wedge. Therefore now the pattern has been changed from wedge to parallel channel. A big harmonic move: Now I would like to recall a very big bullish gartley pattern that I have shared in my previous articles as well. This pattern has been formed by the protection of Bitcoin cash on the monthly chart. At this time the price action is moving in the potential reversal zone of this pattern. As per Fibonacci sequence the price action can enter the Fibonacci projection of A to D leg from 0.382 to 0.786 Fibonacci levels. And the price targets can be as below: Potential reversal or buying zone: $242.32 to $167.94 Fibonacci projection or sell zone: $300.84 to $441.41 Conclusion: Even though the price action has strong resistance of 100 moving average on the daily chart. But it has also the support of $225 support level and after hitting the support of the channel that has been formed on the daily chart the movement up to the resistance is still due. Therefore we can expect that the price action can move up to the resistance of the channel at least. However, on the monthly chart a big bullish Gartley pattern is showing that the Bitcoin cash will start a long-term bullish rally soon.
COINBASE:BCHUSDLong
by moon333
1
Bitcoin Cash (BCH) - July 9Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. I go on vacation from July 13-15. Charts can be posted from the 16th. -------------------------------------- We need to make sure we can get support at the short-term resistance point of 243.80708674. -------------------------------------------------- ----------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
by readCrypto
Bitcoin Cash Break-out - Long Term Upside In the 4H chart, BCH broke out from a bearish channel that led price movements in the past days. Now it is flirting nicely with first resistance at 235-240. On the fundamental side, BCH mining rewards have been halved in the past months. The recent break-out might prompt a more profound and long term bull-run if accumulation starts at these levels Everything will depends if the current trading levels will hold in the short term. The recent break-out might suggest so, since long term resistance lines have been broken. Key Long-term resistance intervals are 270-280 USDT 320-340 USDT 420-440 USDT Long Term Strategy: Buy 220-240 TP1 275 TP2 325 TP3 430 TP4 500+ For Future trader with 10-25x leverage: TP1 245 TP2 257 TP3 276 TP4 300
Long
by crypto_angelz
Bitcoin cash (BCH) - June 30Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Touched the bottom of Bollinger Bands. You need to make sure you can get support at point 222.98. Also, you need to make sure you can rise above the 229.00000924 point. If you fall from 222.98, you are likely to touch below 194.19134433. -------------------------------------------------- ---------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where the counter is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
by readCrypto
BCH/USD - 🛑 SELL (target $208.3) | 7 reasonsHello everyone! BCH has 7 reasons to decline further. Thumb UP 👍 and read the further analysis. 1. The support line has been broken since December 2018. There was also a large volume of orders (the red line of the VPVR indicator). 2. RSI continues its gradual decline. 3. The MACD shows a break of the 0 line down - a bearish signal. 4. Sentimental analysis-shows a red mark. 5. Technical analysis - red mark. 6. Community analysis - red mark. 7. Github-drop of the project's codebase. Conclusion: SELL with a take profit of $208.3
BITSTAMP:BCHUSDShort
by Fandorinn
1
BCHUSD Has Formed Very Big Bullish Gartley Setup For Big MoveHi friends hope you are well and welcome to the new update on Bitcoin cash. In my previous post I explained why the Bitcoin cash can move down to hit the support of the wedge. At this time the price action is at the support of the wedge pattern now we will try to understand what the price action can do next. The movement within a wedge: Price action of Bitcoin cash is moving within a wedge on daily chart since March 2020. At this time the price action is moved down up to the support. If we watch the balance of power indicator then it can be clearly seen that the balance of power is distributed equally between the bears and bulls. I have also placed the moon phases indicator on this wedge pattern. And we can observe that the new dark moon is appeared above the support of the wedge that is very positive signal. Now it will be difficult for the price action to cross down this level of dark moon. If we watch the volume profile that I have placed on the complete priceline of BCH moving within this pattern then it can be easily observed that the trader’s interest is very low below $225 and from the upside it is very low above $255. So it is showing that the priceline is moving at the level where the trader’s interest is very weak therefore the price action can move up to the resistance from here. Formation of bullish reversal pattern: In previous post we have already seen that the price action of the BCH is forming the different harmonic BAT patterns with the consistency and continuity on the daily chart. First it formed a bearish BAT then it formed a bullish BAT then again price action formed a bearish BAT move as below: now again the price action has formed another bullish BAT pattern. And at this time it is gearing up from the potential reversal zone of this new bullish BAT. This is BAT is a clear sign of a bullish reversal of the price action of BCH. Now we can expect that the priceline will be moved up to the resistance of the wedge pattern to make another attempt for the breakout. At the support: After the drop of March 2020 the price action bounced from the last support of $170 and broke out the next resistance level of $225. The next resistance level would be at $304. At this time the price action is moving at the support of $225 but as all signals are moving in the favor of bulls therefore this time we can expect that the price action will move up to next resistance level to make an attempt for breakout. A very big bullish Gartley formation: Now I would like to take you to the monthly chart where the price action has formed a very big bullish Gartley pattern. At this time the price action is moving in the potential reversal zone of this big bullish Gartley. Now as per Fibonacci sequence the potential reversal zone or buying zone and Fibonacci projection area or sell zone are as below: Potential reversal or buying zone: $242.32 to $167.94 Fibonacci projection or sell zone: $300.84 to $441.41 After watching these targets we can expect up to 160% bullish rallyby this big bullish Gartley pattern. But if the price action will be able to cross up 0.786 Fibonacci projection of A to D leg then the Bitcoin cash can start a very big parabolic bullish move that can lead the priceline to achieve higher than the previous highest price ever in the history of Bitcoin cash. Conclusion: From small time period to long term time period charts all patterns and indicators are turning bullish. Therefore we can expect a bullish reversal move from here at least up to the resistance of the wedge pattern. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
COINBASE:BCHUSDLong
by moon333
Bitcoin cash (BCH) - June 22Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- We need to make sure we can get support at 229.00000924. If you get support at 222.98000000, there is a chance of a rebound to 236.32000000. If you fall from 222.98000000, you are likely to touch below 194.19134433. ------------------------------------------------ ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where the counter is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
by readCrypto
3
BITCOIN CASH 🔞 | Why Mom Was Right About Bitcoin Cash..⚠️ Roger Ver has given to charity, not just in real life (props to him for that) but also by holding BCH while price grinds sideways. That said, maybe Ver knows something we don't about the way BCH will move after this long and unimpressive consolidation. It isn't like Bitcoin Cash doesn't have a market cap, adoption, great news (depending on if you see this on bullish or bearish) like a new perp contract on Bitmex, or a use-case. It is just that, like Litecoin, it is one of those high caps that has been underperforming an otherwise bullish market recently. Whether BCH is about to try and break out of this pennant to the up or downside is anyone's guess. One thing is for sure, that is this price action is pretty ugly for one of the biggest large-cap cryptos in an overall bullish market. Let's take a look at some levels to see what the bears and bulls have going for them depending on the direction we move once we leave this painfully large pennant of accumulation or distribution. Support: The bulls better pray we see a reaction at the S1 orderblock and prior swing low, as this level is also at the bottom trend line of the pennant. It would be pretty absurd for BCH to breakdown after all of this without a move down from the broader market. If the bears can take BCH lower, then the bulls get one last shot to get back inside the triangle at the S2 bullish orderblock. If a move off S2 fails, or if S1 doesn't see a reaction, the last hope for the bulls is the S3 S/R flip. Given the amount of weakness seen in BCH recently, the bears might actually be able to break S3 and find news lows if they can gain sufficient momentum. Resistance: The R1 orderblock at the point of the previous breakdown is the first point of resistance. This resistance lines up with the top trend line of the pennant, so it is an obvious place to be rejected. If R1 can be broken, the bulls get a fighting chance. Above R1 is the R2 orderblock from the prior swing high. If the bulls can breach R2 without falling back down into the pennant, then the R3 bearish S/R flip becomes the last thing standing between the bulls and gaining some momentum for a new BCH bull run. Summary: When Bitcoin Cash picks a direction it tends to trend hard. Right now BCH is trending hard sideways. This is a pretty bad look for BCH given the amazing strength Bitcoin and other cryptos have shown since the COVID bottom. The one thing going for the bulls here is that BCH has a long way to catch up if and when it starts to run, so there is a path to glory if BCH bulls can leave the starting gate. With that said, it is likely the bears have this one in the bag if this price action doesn't really start to pick up... Resources: cryptopotato.com + news.bitcoin.com + www.finextra.com Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣
by AlphaBotSystem
4
$BCH ENTRY PRICE IDEABitcoin Cash Market Breakdown - June 20th Re-entry price set at $222 support Why? Starting March 24th, this is the start of the uptrend. The price action on BCH touched $267, couldn't break through, and is in the process of bleeding out right now to the start of the uptrend. $222 Let the price continue bleeding out and then make your entry, patience pays in markets like this Impulsiveness will only make you lose money in the end. _________________________________________________________________________________________________________________________________________ Disclaimer The content provided is in no way shape or form financial advice and is subject to change at anytime without notice. As always please do your own research, I am not a financial advisor. Thank you for your continued support!
KRAKEN:BCHUSD
by kyer
3