BCHBTC- Hello Traders ,
- BCH is forming an ascending triangle pattern.
- Breakout from this triangle can lead it to 42000-48000 in upcoming weeks.
- Follow us for more updates
BCHBTC trade ideas
BCH/BTC - head and shoulders.Components of the figure "Head and shoulders"
Let's take a look at every component of the figure:
- The descending trend is necessary in front of the figure, because the head and shoulders are a reversal figure.
- the left shoulder marks the maximum of the current upward trend.
- Falling of the price after completes the formation of the first leverage.
If we do not fall from the edge of the leverage, the pattern can work out.
BCHBTC Low Volume|Bearish Pennant|Apex| Breakout imminent Evening Traders,
Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent.
Points to consider,
- Local Trend bearish
- Price trading near apex
- RSI testing support
- Stochastics projected down
- Volume extremely low
- Local support - .50 Fibonacci
BCHBTC’s local trend has been bearish, consecutive lower highs evident; this can be considered as a bearish pennant, a continuation pattern.
Price is coiling up near its apex, support and resistances are converging, decision time is upon fruition.
The RSI is testing its support; break will highly coincide with further downside momentum, similar case with the stochastics that’s already projecting down.
The volume is clearly below average, this signals a breakout being imminent from this current formation.
A break bearish needs to close below the .50 Fibonacci Level, this will confirm continuation in the trend, as local support is breached.
Overall, in my opinion, BCHBTC is upon a break, this current formation can be regarded as a bearish pennant as the trend is clearly making consecutive lower highs.
What are your thoughts?
Please leave a like and comment,
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
BCH retest of accumulation rangeThe ratio is between the 200 daily MA (light blue) and the 200 daily EMA (dark blue). It can consolidate between them, but when the bollinger bands squeeze be ready for the breakout.
Will update with targets
$bch im sorry guysi dunno. chart says if we pump we might go all the way up there.
i feel gross posting this.
muh narrative halfing in 10 days
www.coingecko.com
BCH/BTCThe bottom is in and TA patterns are about to start working on higher time-frames.
We only get working TA for a while, as the casino begins to bait.
BCH Halving - Pump likely to happenBCH looks good from a TA pov
FA looks promising, within 10 days halving
Many MM will try to push the price of BCH.
Use wide SL, small position size.
BCHBTC is in Buy Zone!The price moves in the Upward Range Channel!
I think it's a good buy opportunity near the bottom border.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
Bitcoin Cash Trading IdeaHello Traders,
Bitcoin cash reached an importante support level which is also coincident with the 0.618 of Fibonacci. This region is the ideal region for a reversion in price if it is going to continue the previous uptrend.
Please push like button and follow us on trading view.
Bitcoin Cash Is Forming Bullish BAT For Upto 24% Profit SoonFormation of harmonic bullish BAT pattern:
The Bitcoin Cash with Bitcoin pair is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone to give chance to earn more gains.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area now the last leg (C to D) should be retraced between 0.786 to 0.886 Fibonacci level.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:
Buy between: 0.0296 to 0.0286
Sell between: 0.0320 to 0.0356
So this short term 12 hour chart based idea has capacity to produce upto 24% profit.
Stop Loss:
The potential reversal zone area that is up to 0.028646 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
A Descending Triangle is Forming on BCH [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We see BCH here with a strong bearish trend currently. It is reaching a point of support, but it doesn't look like it is really going to hold. I expect the price to bounce a little bit, confirm the triangle, and break through the bottom support line.
The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through the support zone , and will create a sharp drop in price.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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Multiple hints to short BCHSup, plenty of things suggest BCH would be a good short position for a quick profit in the matter of a few days.
H&S pattern suggest we are in the the 2nd and last shoulder with a profit pottential of arroudnd 12%
Fib retrace shows that the current price action is passing the 0.61 retrace, the last strong support.
Stoch shows the price about to fall below the overbought zone.
thoughts are welcomed
BCH ANALYSIS: LONG THE NEW SUPPORTBCH ANALYSIS:
BCH held the 200MA and flipped bullish as it broke above the previous resistance block. That same block is now outlined in green and is now flipped to the temporary support. Currently sitting on a 4HR green wick, it looks likely this spot will zone. The re-attempt at the hourly block is likely in which I expect another rejection to occur. Look for entry inside the zone just below 3500 sats down to 3450 sats. The take profit targets are T1 at 3545 sats, T2 at 3620 sats, and T3 at 3688 sats. Recommended to close full position before hourly resistance hit. If BCH does break ABOVE this zone, we can enter for a new long up.
Possible Entries: 3450-3500 sats
BCH support turned resistanceNot considering buying this until we get a weekly close above resistance
BCH/BTC, 1D. next price 0.042834btcHola Megagente, de manera rapida y sencilla lo que a mediano plazo considero que va apasar con el precio de este par, claramente muestra recuperacion y esta retomando el alza. ese punto maracado ha servido de soporte y resistencia asi que considero que al llegar ahi tendra un posible rebote hacia abajo. OJO puede pasar lo contrario, ya sabes como es esto... Exito para todos
Bitcoin Cash | Bullish View Mapped (87%, 150%, 250%+ Targets)Good Sunday my dear cryptocurrency trader, here we have for you the Bitcoin Cash (BCHBTC) daily chart.
Today I would like to share with you the bullish targets for Bitcoin Cash, meaning, the levels at which BCHBTC will find resistance on the way up.
On the 12-March BCHBTC had a very strong drop, but the candle that followed on the 13 produced even bigger jump with really high volume, signaling that this retrace reached it climax and Bitcoin Cash can change its trend.
Conditions for change
0.786 Fib. remains as the main support (0.030368).
We remain bullish on BCHBTC as long as prices remain trading above this level. If prices move below 0.030368 we turn bearish, the above signals become invalid and a new analysis is needed.
Thanks a lot for reading.
Namaste.
