BITCOIN CASH ANALYSISBitcoin Cash rebounded from uptrendline with strong bullish movement
Price is based above key level at 1217.50
Above SMA 100
MACD shows start of bullish momentum
It's expected to target resistance level at 1600.00
BCHUSD.P trade ideas
BchSo far we are holding above 1272. I still expect a back test here and def want to see some volume come in to show the market agrees with this. We have a daily MACd cross down coming in on the daily which is a sell signal although we are getting a pump. Not sure how it’ll play out but 1330 is another level above that could give some resistance as well as the 4hour 20 ema at 1360
Bitcoin Cash (BCHUSD): Does It Look as Nice Buy?!
Bitcoin cash broke above a resistance line of a symmetrical triangle on an hourly chart.
It can be a nice confirmation to catch a bullish movement.
Good luck!
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BCH looks ready to run. Running flat with a continuation pattern to the upside. Long this to 3.5-4K in a month or two. Hasn't moved anywhere near as much as some others.
$BCH Support & Short term Price TargetsRegardless of the short term "Noise", $BCH remains firmly entrenched in a Bullish structure. Even if we have a little more turbulence, these should be viewed as OPPORTUNITES. One thing that is quite typical is for $BCH to impulse and then correct upwards of 30%+. So this correction is NOT unusual and is just another reset of the oscillators, before the next higher high. Dips are gifts.
BCH Best entry and targets!Like to support and follow for more content!
BCH is forming a channel, we are expecting a break to the upside, above the Fib speed (1528 for now) and above the upper trend line of the channel.
Our targets are:
1750
2000
2500
On the other hand, if we break below 1300 and the channel, we will see a continuation to 1k.
Support: 1300
Resistance: 1530
What do you think?
Good luck traders,
NajjarTrading
BchSo far hit my downside target ive been waiting for since I sold around 1550. I never found a chance to re enter. It all looked like a fakeout to me as we discussed a lot here.
Now although my target was hit it’s tough to say this will be the bottom. Did form a double top with bearish divergents. If this ends up a massive rising wedge as you see I have drawn we have a downside target of 750. We still have a lot of areas that should be found as support especially 1100. 1k 966-935. And 862. It won’t go straight down. And if this level holds and we can bounce big then this downside scenrio is obvisouly not going to play out yet
I Think BCH go Down to completed Wave A at Price 1000$ on 10 DayI Think BCH go Down to completed Wave A at Price 1000$ on Next 10 Day
BCH fall repeat from February The exact pattern is repeating. If you check the percentages, the number of days- we’re about to have a crash tonight. I hope not, but the pattern is identical.
Bitcoin Cash upside potentialChart is self-explanatory. Look at monthly for 2017-2018 support/resistance range.
BCH looks like it is almost ready to head back up there.
DYO - this not financial advice.
$BCH & FibsNOTHING has changed during this mild correction. We have simply rejected at the .382 Fib, or better stated at $1677 area. Once we clear this hurdle, we get have some real fireworks. My focus is not on the daily noise, but simply follow the charts. There is NOTHING in the $BCH chart that says sell. Period
BCH Potential BreakoutIf it continues down the pattern in between the white lines, expect a breakout near where the arrow points. Wait for a clear breakout to buy-in. If it goes bullish, my price targets are there. If it goes bad, it could hit the red line. Although I am very confident it will go up.
Can BCH break higher?! BCH has been really tricky, but shown some signs that it wants to move higher. Right now I keep seeing support on a very small sub harmonic- that should play out. It also is preventing the associated crab pattern from completing the C leg which is a bull type of setup. If price continues to hold above then this goes higher. Follow the purple lost motion line.. it serving as an excellent diagonal support line. If price goes below the purple than we may find support at C leg of the crab pattern... if not look for higher prices and they will come fast. There is a bigger pattern to the far left that has not completed so prices could go higher than where I have marked right now. The key is to watch price action above purple dotted line.
**WARNING there is a strong resistance mark- red line- and this holds true for the major pattern as well as the sub pattern.. so watch for possible resistance here to the downside. (this would mark a triple top on the price action). If we cannot get higher this would be bad for LONG move.
Summary- stay above purple line.. and red line- we should go higher! Anything rejects on these we go lower.
Short term target for BITCOIN CASHWe will most probably break to the upside today due the RSI being so low in the 30min time frame. but if the support line does not hold, a buy target should be around 1030-1100 USD.
Long on Bitoin Cash - Realistic Target 8000-12`000 This is the fourth cycle in Crypto-currencies. Each cycle has a 3-4x of previous high.
The Third Cycle was in December, 2017; BCH ATH was at 4000 US Dollars, Bitcoins was at 20k, ETH 1.6K, LTC 360 US Dollars, ETC was at 44 USD Dollars.
Bitcoin, ETH, ETC went already 3x from previous ATH, LTC just went over the previous ATH, while Bitcoin Cash against BTC last week after a year and half, showed a BUY SIGNAL in SUPERTREND indicator and that lead to a price being pumped for 50% and at the same time, BCH went over the EMA RIbbon against BTC.
BCH against USD is also very bullish, the first resistance is 1,5k, second resistance 2,4k and third 4k.
My personal realistic target is 8-12k within 2months, we could see a price even higher but it is dangerous to wait. I will personally sell at the range of 8-12k.
Altcoins Update: BCHSince the previous post got hidden because of house rules. Here we go again:
Volume and Price action shows:
Target 1: 2627
Target 2: 6055
Target 3: 16957
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!
bchusd analysis#BCHUSDT is preparing to go upper than 2000$ after that we can rest 2-3 month for the last rally this year
BCH worth Paying Attention to even NOWGood day fellow traders,
Even dough BTC is doing its own thing. For a quick day trade, maybe a swing its worth looking at BCH here. There is some nice consolidation the last days, with less volatility than most other alts relative to BTC .
This could indicate strength, somebody is still buying, even if the larger market is selling in crypto.
Buy at the bottom of that channel $1300 area followed by a sharp SL.
Pay attention to the resistance zone! When you are in the right position you should be in profit by then.
Monitor the daily candle tomorrow for more confirmation of the strength and bullish momentum.
Levels indicated on the chart,
Good luck to you all
This is not financial advice
