BCH
BCH is below the MA20 brick Resistance After the breakdown of the support line in the weekly timeframe, BCH is below the MA20 brick Resistance in Renko chart. If it breaks up, it can be considered as an early signal about the possibility of an upward trend in the future. Confirmation of this will depend on the breakup of the moving average of 40 bricks.
💡Don't miss the great buy opportunity in BCHUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (328.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BCHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 347.2
TP2= @ 360.8
TP3= @ 373.1
TP4= @ 384.2
TP5= @ 396.5
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in BCHUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (328.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BCHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 347.2
TP2= @ 360.8
TP3= @ 373.1
TP4= @ 384.2
TP5= @ 396.5
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BCH weekly chart still Intact?BCH on the weekly chart is still intact. The DeMark 9 indicator reads
it has hit the bottom.
If BCH can get some buying volume, it has to break the Hull Suite Indicator
and it then can move up to above trendline and
pursue its way to previous 2021 Highs at $1600. BCH must not break support
at $336 and then $248, I dont believe it will happen but the RSI is at the bottom
of the trendline as well.
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. Te price has had a sharp fall in the bearish channel. It has shown reaction to the S1 line. You can set a Buy order here for the R1 area which is a supply area and also R2. The S2 zone is also another good area where you can set another Buy order. You can set two Buy orders. One at the S1 line and the other at the S2 zone for the next resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
⚠️ Read this if you trade ⚠️The impact of the subconscious and emotions on trading with simple solutions.
Why can't we make a profit even though we have a correct analysis of the chart?
Why does the price return from where we sell it?
Why do all those who enter with a small volume make a profit which is also a small one, but when the same one is entered with a large volume, it becomes a loss?
Why do we get scared and sell soon?
Why are we so hopeful when we are at loss, but still close our position in the same situation?
Maybe these and similar questions have arisen for you in your trading, but where is the problem?
Why is it that even though we know everything and predict everything correctly, we still don't make much money?
The answer to all these questions lies in the subconscious. As you know, the subconscious is programmed by us, and an important duty of the subconscious is taking the necessary actions when the conscious is not able to, and these actions are taken according to the plan.
The ones we give ourselves come into being.
The subconscious mind usually appears when we are experiencing emotions (happiness, excitement, fear, anger, sadness, etc.) and takes the necessary actions.
For example, when we make a lot of money, we feel happy, and from here on, the decisions are based on emotions, or when we lose and get upset or angry, and from now on, our decisions are still based on emotions.
So here is the problem.
What is the solution that emotions take the permission to function correctly from us and we can not do the necessary work properly?
In order to solve this problem, we must point out the cases that cause emotions to be extremely dominant and decisions to be sent from the subconscious.
1- No entry strategy: Many only listen to the news for trading, which is certainly harmful, there is news for friends who have no entry and exit strategy, and they are the first group to be easily preyed upon by whales.
What is the strategy? Strategy means selecting an entry, exit, and stop-loss point based on specific techniques and conditions. This is done before entering and opening the position. The problem is that many of us only think about the entry point and we never know where we are going to sell. We just want to sell whenever we go up a little, or we may even have a price for sale, but we do not place an order for that price, and we want to sell whenever it reaches that price.
Rest assured, in the second case, you will never sell at a good profit because the subconscious does not allow it, and a voice in your ear says: it is going up, do not sell!
So strategy in one sentence means knowing what I am doing and to know how much I will gain before I enter a share or cryptocurrency and also if I've made a mistake, how much I will lose.
So if you do this before buying, you won't have to deal with feelings and you will find the correct and logical points to enter and exit.
If you are going to decide what to do after the purchase or when you are at a loss or a profit, be sure that all your decisions are made unconsciously. And you can not have the correct performance and in 90% of cases, your position is closed with a loss.
Bitcoin Cash - BCH - Seriously BullishI Can see a 138%^ Projected bullish uptrend in the coming months, you will see.
The block size being increased will allow for this to accelerate.
COINBASE:BCHUSD
KRAKEN:BCHUSD
BINANCE:BCHUSD
BITSTAMP:BCHUSD
BINANCEUS:BCHUSD
BITMEX:BCHUSD
FTX:BCHUSD
PHEMEX:BCHUSD
BITTREX:BCHUSD
GEMINI:BCHUSD
TRADESTATION:BCHUSD
CAPITALCOM:BCHUSD
POLONIEX:BCHUSD
As you can see from various Ideas I'm never wrong.
BITCOINThe trend of Bitcoin is negative, and there is currently a re-testing of the $40,000 range; if you are going to sell, do it in that range; Because the bears will push again. After testing $40,000 and the next drop, the market will return if the market reacts successfully from $ 30,000 to $ 33,000.
Bitcoin Cash (BCH) Buy ZoneBitcoin Cash (BCH) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Neutral
Risk : Medium
With the bigger picture remaining bullish, the shorter time frame picture has become pretty grim for the bulls. Currently ranging at around $290, Bitcoin Cash has reached the major long-term support we've been forming for the last 3-4 days and one that when broken trend-line will determine where we'll be heading to all targets for the next two weeks.
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$BCH/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 270 - 295
TP 1 : 304
TP 2 : 317
TP 3 : 331
TP 4 : 360
TP 5 : 384
TP 6 : 405
TP 7 : 431
TP 8 : 472.5
Stop Loss : 244
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Bitcoin Cash? More Like Bitcoin CRASH!Bitcoin Cash (BCHUSD) has continued to pull back lower and sharper. We have hit a support at around 262, which may be the final low for our GREEN primary pattern.
Green Primary Pattern
Breaking the December 3rd low tells us that we are now pulling back deeper in a more conventional 5-wave C-wave instead of a 3-wave zigzag. If we are done with the correction or close to done, we'll have a to see a sharp impulsive 5-wave structure up really soon! Seeing anything other than this would more or less invalidate the GREEN pattern.
RED Alt Pattern
Turning back up and rallying in a clear 3-wave structure would make it very likely that the RED is the primary pattern in operation. This would call for a corrective bounce back up before a much deeper crash to complete the larger impulsive C-wave down. However, I am seeing this as a smaller and smaller possibility as this leg of the pullback is getting too far stretched downward to be counted as only a 1st wave. Breaking below 219 makes it far more likely that the PURPLE pattern is in operation.
PURPLE Alt Pattern
Stretching directly lower would instantly make the PURPLE pattern our primary. While the chart shows BCH going as low as 115 or so, there are several strong Fibonacci confluences below, any of which could form a bottom. The 186 extension is the point at which the C-wave would be the 1.00 extension of the preceding A-B structure, and this is typically the strongest possibility for the end of a correction. Seeing any kind of impulsive 5-wave rally upward would likely signal the end of the PURPLE correction.
Check out my YouTube explainer vid on BCH!
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.
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