This is a huge formation!!With all the potentials it has. This will be the biggest breakout.
Goodluck.
BCHUSD.P trade ideas
BITCOIN CASH LONGS 💰💰💰Expect bullish price action on this coin as price is rejecting with a huge bullish momentum from 400$, we have a lot of liquidity that has been taken out on ,,support area,, where a lot of margin stops where sitting in my opinion.
We are going for the BUY SIDE LIQUIDITY above 600$
What do you think ? Comment below..
BUY BCHgonna be buying bch right here. everything is setting up for a huge pushup www.tradingview.com
BCHUSD will shine soonBCHUSD currently is back into the accumulation zone.
Don´t get fooled by haters.
BCH is not dead.
Currently very oversold RSI
We expect a few weeks of accumulation and in 2022 a huge uptrend.
This analysis will upset many haters but we expect the final target between 10k and 15k USD. not only BCH will do well but also other dino coins such as XLM , XRP, DASH and many more.
ETCUSD already in April and May 2021 showed us what dino coins can do when they are in a prolonged accumulation.
We expect similar move for other dino coins.
Patience is a key.
No financial advice
$BCHUSD Bitcoin Cash Daily Compass.COINBASE:BCHUSD Is preparing for a push upwards to test the broken descending wedge around 550 sometime this week.
Follow for more updates...
#AHMEDMESBAH
BITCOIN CASH PERSONAL ANALYSIS IN THE LONG TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for Bitcoin Cash is neutral-bearish. The coin itself is considered stable when in terms to interest since it is affiliated to the major cryptocurrency BTC, however it doesn't mean it holds the same sentiment or value to that of its precursor. The coin itself shows multiple oversold regions with no established higher lows which entails very low buyer interest near the 700-1000$ region, hence it would be wise if a buyer would only consider investing in this coin in a clear BTC bulltrend with a reasonable buy order at the lower fibonacci levels to have a safe confidence in holding it for the long term.
In case of a bear trend, this coin is highly deemed to be inadequate for swing trading and the liquidity for shorts is also low because of the strong support.
Bitcoin Cash: Is it dead or an underdog? 10K - 25K conservativeThis is currently in the accumulation zone. There has not been much public interest on Bitcoin cash. Or mostly crypto as a currency only project. But prepare to be surprised. With low fee and EVM compatible smartBCH smart contract platform, it is going to take everyone off by surprise. This is a scarce resource, so expect moves to be not incremental but parabolic advancement within very short timespan. With enough liquidity and volume on the market the only way is upwards.
Most people definitely won't be buying at current lows, which is missed opportunity.
Take your pickAs it stands we are going to finish this cycle and move up in March/April of next year on to new highs. Or we will get to the end of this smaller triangle down to 345 and they in Sept of next year breakout higher.
Bitcoin Cash (BCHUSD): Very Bearish Outlook
Top-down analysis on Bitcoin Cash.
Key leves & price action analysis.
Local bearish scenario explained.
Long-term buying opportunity discussed.
❤️Please, support this idea with like and comment!❤️
BCH Resets its Would-Be 5th Wave Rally with PullbackWith our crypto crash last week, Bitcoin Cash invalidated its PURPLE primary pattern with the break of 386.59. This means that our larger Wave 4 correction that started after the May 2021 peak had been continuing all this time with that purple subwave (i) actually being a fake-out rally!
Therefore, the GREEN pattern is now primary, and it has the entire 4th wave pullback identified as a double-zigzag (since the would-be C-wave is actually an ABC zigzag down, now labeled as 'Y'). It is not clear if the pullback is done yet, and we may see a slightly lower low to the 0.618 extension of our W-wave which would fall at about 324.07 on the chart. (FYI, there should have been a RED alt pattern on this chart as I had on all my other crypto charts... Point is now moot as GREEN has supplanted this.)
So what's the good news despite all this doom and gloom?! BCH has a clean slate on where it can go next. Without 1-2 setup present, we can't make a clear projection yet on where the top should go, so I've added the big green box as our rough target zone. This falls within the 0.382-0.618 extension range of our larger 3-4, a common Fibonacci proportion; this is 1139-2370.
However, as I'm interpreting the larger pattern starting from the Dec 2018 bottom as a diagonal, I'd expect the 5th wave to extend to somewhere between the 1.382 and 1.618 extensions of the larger 1-2. While the lower end of this range falls within the green box, the upper end falls at 3181! So yes, there's a puncher's chance we make it that high!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
bchclear symetrical triangle. large down move into this patter which could insinuate a break down. howver if we can hold above 438 and we dont close below... our upside target is 540$. if we lose 438 and close below our downside target is 357
BCH/USD- Possible Setup.BCH buy on trend line break out, short sell at 410 if rejected from trend line.
BchLookin for a close above 467$ could see a nice push on BcH up to 500 reistance short term or retested breakdown of 571
BCHUSD Fibonacci Retracement, Support!Bitcoin Cash has not yet followed the market, it is still very cheap when compared to its crypto peers
0.382 can be seen as a strong resistance turned support, this is a great entry point.
Its peak of $4000 in 2018 is still so far away
With real world applications, BCHUSD hodls promise
Bitcoin cash it has strong resistance at $622.44
$197.31 strong support but not sure what the future holds
full fibs extension will good but will survive to get there ?
bch moves up $ 1150 is a good pointWelcome. Bch was forgotten in this boom. After the breakout to $ 1,600, $ 380 was low. then it hit $ 800 and is now low again. There is no reaction. Going back to 0.618 fibo feels natural. He is pumping a lot of coins, waiting, but I believe it will start. Target around 1150 looks nice, I personally hope to go higher. These are my thoughts. Good luck
BITCOIN CASH LOOKING EXTREMELY BULLISH! $2,000+ IN 90 DAYS! Bitcoin Cash appears to have completed its corrective wave and is now forming a massive triangle pattern on the daily chart with higher lows. Technical Indicators also suggest an imminent breakout in the near future, as RSI is beginning to form higher lows on the weekly chart, and the Awesome Oscillator is beginning to form green histograms with an upward trend.
Once there's a break above this massive triangle pattern, I expect a massive run similar to the 2017 Bitcoin Cash bull run. I will make an updated prediction once we see a break above this pattern.
BCHUSD As you can see on the chart, they have one C Fork and the RSI close to be higher than 50.
We will wait the RSI breakout the 50 level, maybe a pullback to the support are still possible.
Be patient.
I'll update the chart
Bitcoin Cash has Bullish Setup within Longer-Term Diagonal RallyBitcoin Cash (BCHUSD) appears not only complete with its wave (ii) pullback, but we may already have another nested i-ii setup in place. That means we are in a great BUY position unlike with many other cryptos which have started to run away with stronger rallies. As the rally continues across the crypto sector, it will become increasingly risky to deploy large cash amounts, so DCA (dollar-cost-averaging) will be your friend!
In the long-term big picture, I have reworked and simplified the chart. I am interpreting the rally from the March 2020 bottom to the May 2021 top as an Elliott Wave Diagonal structure. Diagonals are characterized by deep retracements with their 4th waves often pulling back so deep that they overlap the preceding 1st wave's peak. They also tend to stay within a trend channel and contain subwaves which don't look like true 5-wave impulses but rather 3-wave ABC patterns. Our crash from the May 2021 top would be too deep to be the 4th wave of an impulsive rally structure but fits the requirements of a diagonal rally structure almost perfectly!
If we can hold immediate support at 533, we've got our subwave (iii) targeting between 1334 and 1592 for a more than 2x return from where we are right now. The subsequent 4th wave consolidation may last multiple months as 4th waves tend to be slow and sideways. The final subwave (v) top is targeting between 1776 and 2120 for a 3x return. However, there is a strong confluence at the 0.618 extension of the larger 3-4 pattern, which falls at 2562 (4.5x return!) There is also an outside shot that we make it to the 0.764 Fibonacci extension around 4000 (close to the ATH) for a 7x return, but this is a low-probability at this time.
This top will likely coincide with a MAJOR top in BTC and ETH and will likely be followed by a lengthy crash across the crypto sector. I expect the pullback to be a major Wave 2,. I addition, diagonal rallies usually proceed sharp reversals; that alone should be enough deterrence from trying to 'hodl' thru a long bear market. Thus, this would be a great opportunity to take profits and reallocate into other assets or even Stablecoins. However, the ensuing major crash could give us an even better buying opportunity to send us up to the 4400-4500 range! Farther out, provided that the larger pattern holds 6800 could be within reach with the 11k target looming overhead, which happens to have very strong Fibonacci confluence across timelines.
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
Why You Shouldn't Hold Leveraged Tokens Long Term🤔❌❗🚫💥Leveraged tokens, is an invention of the FTX exchange , with leveraged exposure without taking care of the margin, requirements, management, and liquidation risk. In other words, Leveraged tokens are the easiest way to do leverage trading
but are still not safe from the risks of severe losses, although the risk of liquidation is no longer It does not exist, but it can reduce asset to zero, especially in the long term.
🔰Leveraged tokens are often the most misunderstood products in the crypto industry. These tokens are essentially funds that use derivatives and leverage to amplify the returns of an underlying asset. Typically, a leveraged token offers a multiplier of an index or a specific asset's daily return. For instance, a 3x Long BTC will generate triple the daily returns of Bitcoin.
leveraged tokens are built to multiply the underlying asset's daily return-the main component to remember here is DAILY. The leverage factor of a token will be reset every day. As a result, the performance of a token and its underlying asset can differ over the long term.
✳️While the comparison of daily and total returns can sound trivial, the math behind them differs in contrast. For example, even a non-leveraged portfolio that loses 10% on one day would not be able to break even with a simple 10 % increase on the next day. An investment of $100 that loses 10% on one day is worth $90 at the end of the day. But if the price goes up 10 percent on the second day, that's a 10 percent rise from $90, bringing the price at $99. Clearly, the math didn't add up as you would expect.
As such, in the event of losses, a portfolio needs a return greater than its loss to break even. The graph in above chart shows the subsequent rate of return needed to break even at varying levels of portfolio losses.
--------------------------------------------------------------------------------------------------------------------
💜 if you're a fan of my analyses follow me and give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards
