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BCHBTC trade ideas

Bitcoin Cash: In-depth Breakout Analysis 1D (Jul. 26)X Force Global Analysis: Bitcoin cash (BCH) has been showing signs of reversals through a descending wedge on a downtrend. In this analysis, we take a look at Bitcoin Cash's technical evidence to assess its bullish probabilities. Analysis - To begin with, we can notice extremely extended bullish divergences on the daily, as prices form lower lows and indicators form higher lows - The Relative Strength Index (RSI) shows a steady increase over time, demonstrating increasing trend strength - The Moving Average Convergence Divergence (MACD) also forms higher lows and higher highs as a sign of momentum - The Stochastic indicator also contributes to the bullish divergence formation on the daily, adding weight to a bullish case - Counting Elliott Waves within the descending bullish wedge, we can count Elliott triangle waves (ABCDE) leading to a breakout - The Exponential Moving Average Ribbons are converging, looking to form a potential golden cross - We have managed to close above the 0.5 Fibonacci retracement resistance, providing confirmation of a breakout - Bitcoin cash has also managed to close above the Ichimoku cloud resistance for the first time in many weeks, signaling a potential long term trend reversal What We Believe We believe that the outlook on BCH is extremely bullish based on a plethora of technicals that point to the same direction. This could potentially be the beginning of a long term trend reversal. Trade Safe.
Long
by XForceGlobal
1
BCH/BTC 1D Jul. 25Suggested Entry: 25215 Target 1: 26650 Target 2: 27800 Target 3: 28840 Stop Loss: 24250 The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons: - Technical indicators support a stronger evidence for bullish momentum - While confirmation is yet to be provided, it could be argued that BCH has broken out of the descending wedge pattern As a descending wedge pattern in a downtrend is typically identified as a bullish reversal pattern, we suggest a long position with targets leading up to previous historical resistance levels, and a tight stop loss below significant support. Trade safe.
Long
by XForceGlobal
BITCOIN CASH TBM (TO BE MONITORED) FOR LONGHello, despite I do not like the coin due to the well famous reasons, it is showing an interesting pattern and an interesting level to enter on (40bch for 1 btc). It will not be held in my ptf for long, just for a quick trade in case. The breakout was strong but not followed by other green candles, and despite we are above the support (red area), I would like to wait for a further confirmation before entering long: which is, I want to see the price above 0.026. In that case,a good pump can occur.
Long
by edutradinguru
BCHBTC 1D long setup after confirmed supportTA explained BCH found support at the bottom and already made a first move upwards. Now its heating up for the next impulse to the upside. First target aligns with -0.618 extended fib level and with previous resistance area. Stop loss is below the bottom of the previous impulse so price has some fib levels as support that need to be broken before getting stopped out. This setup can be traded with leverage in margin, trade up to 5x max for this setup. Trade setup Best entries: 0.026095 - 0.026475 TP1: 0.027999 TP2: 0.030347 TP3: 0.032477 SL: 0.024832 RR: 3.8 Max leverage: 5x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
Is BCH / BTC ready for Altseason? High risk 600%+ Potenc. ProfitKRAKEN:BCHXBT Is approaching a strong support zone around 0.02359, a perfect buy if you believe that Bitcoin Cash have power to go up. Bitcoin Cash is known for its cheap transaction fees and active founder, but on the other hand it is not very respected by experienced traders. Since BCH appeared, Roger Ver tried to overtake the real BTC and caused a lot of confusion for new crypto enthusiasts and all. Because of that it got a lot of hate and was pumping fast but dumping even faster. My personal opinion is Neutral, entering long near support zone is a great opportunity but also a high risk. High risk consists of losing the support and dump lower than Challenger Deep (the deepest known point in the Earth) Risk:7 Reward: 7 What do you think about Bitcoin Cash? Are you positive or negative about it and the project in general?
Long
by Crypto_Burns
2