BCHBTC - 61.8% Fibo level reached with double Zig ZagDouble zigzag (WXY) Elliot correction happen on BCHBTC chart, we reached 61.8% Fibonacci level. Now we will climb the hill up. Long
BCHBTC trade ideas
BCH/BTC TA Update (Bullish Pattern Confirmed?)BCH/BTC
BCH broke bullish of this inverse H&S pattern and currently testing the old resistance to potentially turn into new support territory.
Bullish momentum cross of 26 EMA and 50MA on the 4H time-frame gives us to shift bias to the upside.
Now, BCH needs to hold this current price levels for at least 24-48H to keep this short-term uptrend intact.
A price drop close below 365 sats will invalidate this trade.
BCH 2 waysHello everyone. For now I think that correction has ended or practically near its end. Looks like a completed ZigZag, but on crypto often A=C, and here we have only 0.618 relation. So We can go up from current prices, bit if we will broke red line - im sure we will go to yellow one. Stay tuned.
BCH/BTC - triangle playBCH formed pretty textbook triangle. I personaly think, that this is bearish triangle, part of wave 4, so I am in short right now. However, it could also be bullish triangle, part of corrective wave "B". I will be tracking that and I will exit my short and go long, if I see signs, that this is bullish triangle.
BCHBTC LONG - Snake pattern to outperformHey everyone!
Bitcoin's cousin appears to be holding more steam that is ready to be released at this point.
A sneaky one but generally these just explode!
I'm in :)
You?
Take care,
Vlad The Crypto Trader
Bitcoin Trash analysis
BCH bounced from 34200 which was also 0.382 Fibonacci level. Good bounce zone to stop retracement and start consolidation stage. At the same time this bounce couldn't take it above 0.5 Fib level, so BCH is still in risk zone of dumping lower. You may use below zones for swing trading between them. If today candle close above 36000, it will be a bullish sign.
Support zones: 34200 - 33100 - 30350 - 28500
Resistance zones: 38200 - 39000 - 40000
P.S. Prices at Bitmex are the same.
BCH BTC incoming fireworksLooking at the bigger picture, weekly chart.
Bch has been accumulating since November 2018 (drama lama hard pork period).
It looks like that accumulation is over. What a coincidence tho, this coincides with bch halving, happening in 40 days roughly. Keep in mind bch halving happens before BTC halving, and whales love to make as much money as possible. So the focus is going to be on bch now, then on btc. So high volatility is expected.
Why do I think the accumulation is over? BCH bounced at 0.618 with a strong bounce, that's a good factor.
I could be wrong ofc, if btc starts collapsing again it could happen, given that btc didn't retrace at 0.618. Still the big picture of the BCH/BTC pair looks good at this point.
The post is for educational purpose only, if you decide to take a trade set your sl and do your own research. Good luck with your trades.
You can check my previous idea about BTC.
2020 Halving Leaves Traders Golden Cross-EyedBitcoin refuses to leave the 10k launchpad from the 9.X resistance area multiple times. Positive sentiment leads traders into a trap. News of the "Golden Cross" and "The Halving" trumps all, but we can't all be winners. The promise of easy profit leads traders and investors into one of the largest bull-traps of 2020 so far. Bitcoin falls through the floor from $10050 to $8500 in the matter of days.
The question is, is it over?
XRP and BCH - wedges in play ?BTC is on strong support and could be ready for some bigger retracement -> that would mean, that highcaps will also recover and BCH and XRP looks pretty good. Only BTC dominance doesn´t support these wedges, because BTC dominance should go up, so altcoins should be dropping for some time, so hard to tell. But I open LONG on these two pairs with small stop loss.
BCHBTC Has Formed Bullish Shark | Upto 20% Bullish MoveBitcoin cash is the world largest digital asset ranked at 4th position as per coinmarketcap data.
This digital asset is one of my favorite crytpocurrencies that gives us trading opportunities on daily basis.
From December 28th to 18th February 2020 this cryptocurrency this cryptocurrency was being traded above the exponential moving average 21 but at this time this coin is being traded below the EMA 21 but likely to cross up this exponential moving average soon we have a second green candlestick with heiken Ashi setup having spikes beyond 21 exponential moving average.
The Formation Of Shark:
This time on 12 hour chart the Bitcoin cash with Bitcoin pair has formed a bullish shark pattern and entered in the potential reversal zone of this pattern.
Let's dig this pattern deeper to examine how perfect this bullish Shark harmonic pattern is formed.
The initial leg was started on 31st of January and completed on 7th of February 2020 then the price action has been retraced between 0.382 to 0.618 Fibonacci levels and that is as required for a perfect bullish Shark pattern’s A to B leg and after the completion of A to B leg the priceline is projected between 1.13 up to 1.618 Fibonacci projection of A to B leg and completed the B to C leg of this bullish Shark pattern. Then finally the C to D leg is retraced between 0.886 to 1.13 Fibonacci level and at this time the price action is floating in the potential reversal zone of this bullish pattern and ready to move up at any time.
The Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.040225 to 0.038417 sats
Sell between: 0.042242 to 0.046270 sats
Stop Loss:
The potential reversal zone of this pattern can be used as stop loss in case of complete price action closes below this level.
This is short term trading idea not a long term idea; I will be keep posting more trading ideas as soon as I will find more.
Four Alts That are Good to buy, LTC, ETH, XRP, BCHHello Traders,
In this video I will show you four alts that are in great buy zone and which would be take great profits for us.
Always use stops and have a good risk management.
Please, push like button and follow us on Tradingview.
Best Regard, Sandro and Gustavo.
Bitcoin Cash Goes Up By a Little Then Down By a LotMy outlook for BCH/BTC is bullish in the short-term but bearish in the medium-term.
I am looking at a possible bounce at this support area, which could serve to validate the ascending support line as resistance, after which I think the price will decrease to the second support area at ₿0.0325.
My main reason for this belief is the RSI and the previous breakdown:
The RSI was above 50 for the entire ascending support line, and dropped below right at the time of the breakdown, suggesting that the upward move has ended.
So, the proposed bounce would also likely cause the RSI to validate the 50-line as resistance and go down afterwards.
The ₿0.0325 are should offer very strong support, since it is the previous breakout level and also supported by the 200-day MA.
Ideally, I would look to short near ₿0.0425, with the aim of re-entering lower near ₿0.0325, in anticipation of the continuation of the move.
BCH. Is it enough?For now, everything issuing on like I said in previous idea.
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BCH/BTC IdeaBCH did not hold 4300-4400 area as support. Once broken we retested the 3600-3700 area and retested the previously broken support in the 4400 area. We are now retesting the new support in the 3600-3700 area and if we hold this area then i expect bullish continuation. I recommend waiting on the breakout and retest once we break the downward trend
BCHBTC1 - 0.04627
2 - 0.05200
3 - 0.06300
4 - 0.08658
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Bitcoin Cash Close to a Buy ZoneHello Traders,
BCH is close to a strong support region. It would be a great opportunit to buy it with a slow risk and an excellent target.
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