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BCHBTC trade ideas

BCH - Call 911, BCH is on life support! Looking at the daily chart for BCH/XBT, we can see that it is sitting at a new all-time low. The price action has been in a falling wedge since last year and is currently sitting on its last line of defense. Nevertheless, there are some positives. The daily RSI is oversold at 26 and is due for a bounce. Support can be seen on the MACD and price chart. BCH tends to have a knack for pumping hard at low points and then slowly selling off its gains. This may be an ideal time for a low risk-high reward trade. Buy at this level and have a tight sell-stop. The target price is the upper boundary of the falling wedge at .08. Current Price: .0418 Buy - .04-.05 Target - .08 SL - . 039 Let's see if we can bring some life into BCH! Cheers!
by jpbrown1023
Bitcoin Cash - Coinbase All Time High Volume SpikeOver the past week, BCH has seen numerous large volume spikes one of which resulted in an All Time-High volume on Coinbase. These large volume spikes were no doubt fuelled by uncertainty and volatility presented across the market by the most recent Bitcoin and Ethereum drop and could very well present an opportunity for short to medium term profit. As you can see from my Technical Analysis, BCH short-term price action is currently sitting in a steep falling wedge due to the most recent market sell-off. This type of steep falling wedge is very unsustainable if we factor in how low BCH is from previous highs and price action in September. This presents us with an opportunity to scale in around support levels or after the falling wedge has clearly been broken in hopes of short-term profit. The following values are purely my short-term trading values for BCH and should not be construed as financial advice. Accumulation Zone 1 (support) - 0.07500sats Accumulation Zone 2 (support) - 0.06750sats Accumulation Zone 3 (breakout) - No specific value, wait for clear breakout. Stop Loss - 0.06400sats Targets - 0.09000sats, 0.10400sats, 0.11500sats Clear ascending support formed on MACD on the 4h, and 8h. Due to the recent high volume spikes if you wish to follow along with this trade you must ensure you stay up to date with real-time price action and practice efficient risk management.
by astronautdotgg
BCH - Hitting all-time lows and support. Time for a bounce?Before I begin, I would like to preface that this is not a trading market with Bitcoin as bearish as it has been. As such, BCH will likely continue to be be negatively affected if Bitcoin continues its descent. However, BCH appears to be hitting several support levels all at once. First support line comes from the falling wedge that BCH has been in since this time last year. Currently, the price is approaching the bottom support trend of the wedge as well as hitting the all-time low. The Stoch RSI and RSI are indicating oversold levels. Bullish divergence can also be seen on the daily. The MACD has also broken the zeroline. History has shown that practically every major BCH run has occurred when the MACD breaks the zeroline. We may be in for a short-term bump to the upper boundary of the wedge at around .08. A breakout beyond this resistance level could be a very bullish indicator. But I cannot stress enough that this is Bitcoin's show at the moment. I would be watching for indications of reversal in the price action, not just the indicators.
by jpbrown1023
BCHBTC Cashwar in progress!Cashwar/Hashwar! cash.coin.dance Bitcoin is losing difficulty (hash power) making it cheaper to mine, thus allowing miners to sell the price down and still make a profit! All the while Bitcoin Cash (ABC) and Bitcoin SV is pulling hash power, causing BCH to be mined for a loss. I'm not in favor of the SV chain, so I'm glad the ABC chain is longer, has more proof of work, and more hash power. However there is no telling how long this will last. Lots of controversy in the community, hopefully we will come out stronger in the end.
Long
by Mikelikescrypto
1
Bitcoin Cash a week before hard-forkI'm bullish here, bitcoin cash hard fork news has not caught legs yet when ppl find out they can get two bitcoin cash for bitcoin as confirmed by coinbase/binance... poloniex even has trading pairs already up that's interesting lol eyeing 0.12 to high as 0.15 leading up to the hard fork Like the R/R here there's so much hatred for Bitcoin Cash and shorting it is becoming a popular trade, gives plenty of fuel for the run up. Breaking down below the purple box or something drastic happening with the hardfork would invalidate this idea Looking to hedge at these red circle areas around resistance blocks popcorn time
Long
by AdidogCEO