BCHUSDT a Cup and Handle is forming?/Trading StrategyBYBIT:BCHUSDT
4H trend chart
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Price has build a Cup pattern, and there is a potential handle in 4H chart.
If price can break out Fib(1) which is 625.85 and stand firm on it, the handle will be completed.
The cup and handle pattern is a bullish signal, so our trading strategy as below.
*Notice the pink zone, which is long-term resistance, probably give pressure on price, even there is a C&H pattern.
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Profit Targets:
a) 651.7~662.1----Fib(1.272~1.382)
b) 684.55----Fib(1.618)
c) 720.8-----Fib(2)
Stop losses:
a) 588----Red horizontal ray
b) 600.5----Red horizontal ray(for those who don't wanna take more risks)
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Have a nice trading!
BCH
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price has gone out of the channel several times and has entered into the channel again.
At the moment, we believe that the price will be able to enter into the channel again and go to the bottom of the channel, if it is not supported.
We have to wait to see which way the price wants to move.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
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BCH Spring Locked and LoadedNot a holder of this crypto, but BCH/USD is one of the late bloomers this cycle and is completely poised for launch.
Full 4.236 Fib extension using Coinbase Highs and Lows predicts an absurd value of nearly 18k.
Regardless of chasing 18K, you can see that this crypto is locked and loaded - even with today's price movement it is still under the "spring" and is preparing for launch into orbit imminently. It would not shock me to see it re-testing the previous high a few months ago within 2 weeks, if this does take off I will look deeper and see if it is reasonable to think it will test the previous ATH at 4K from December 2017 some time later this month.
🆓Bitcoin Cash (BCH) Sep-28 #BCH $BCHBCH is very weak at 500$ zone so in next days it could fall down to 440$ zone and 380$ zone. Then it could generate a new rally up to 560$ and 760$ zone.
📈RED PLAN
♻️Condition : If 1-Day NOT closes ABOVE 0.2$ zone
🔴Sell : 500$
🔴Buy : 440$ - 380$
🔴Sell : 560$ - 760$
📉BLUE PLAN
♻️Condition : If 1-Day closes ABOVE 0.2$ zone
🔵Buy : 500$
🔵Sell : 560$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
BCH/USDT ....... TRIANGLEBINANCE:BCHUSDT
Hello dear traders
the BCH is inside the triangle, if it manages to breaks
the top line of the triangle then it can rise to the
its top of channel and then rise to the resistance zone,
Bit it it manages to breaks the bottom line of the triangle
then it can fall to the support zone.
Bitcoin Cash - local rebound trade ❗❗Bitcoin is still in a local downtrend and all altcoins are also in a correction. On the Bitcoin cash chart, there is no good entry point right now, but if the price quickly corrects to the area marked below, you can try to take a trade on a rebound.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BLZ/BTCBLZ is a decentralised storage network for the creator economy you can say it’s a type of decentralised oracle with advance features it’s market cap is very low as compared to the competitors so upside potential is definitely huge. Technically it is on horizontal support and trend line support on 1D timeframe also forming symmetrical triangle on 3D timeframe once breakout it will pump hard.
BitcoinCash Expected to Rally to 680Trend Analysis
The main view of this trade idea is on the 15-Min Chart. The cryptocurrency BitcoinCash (BCH) appears to be in an ascending triangle setup with resistance around the 642.75 price level. BCH held support around the 600 price level and have been making some higher lows over the course of the setup. Expectations are for a breakout from the 642.75 resistance level with a target around 680. Failure of this pattern will be seen with a decline to 600.
Technical Indicators
BCH appears to be in an uptrend with the price trading above the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The short term MA has crossed above both the medium and long term MAs. The medium term MA has also crossed above the long term MA. These are bullish signs for the cryptocurrency. Also the RSI is above 50 and there has been a positive crossover on the KST.
Recommendation
The recommendation will be to go long at market, with a stop loss at 600 and a target of 680. This produces a risk/reward ratio of 1.13.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to BCH.
BitcoinCash to Retest 550Trend Analysis
The main view of this trade idea is on the 15-Min Chart. The cryptocurrency BitcoinCash (BCH) remains in a downtrend in the short term. The cryptocurrency has been trading between a range of 670 and 640 over the last couple of trading sessions. Expectations are for BCH to break below this range and retest 550 support, 15.9% away from current price levels at the time of publishing. To negate this move, BCH will have to travel higher towards 750 in the short term.
Technical Indicators
The crypto currency is trading below its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. All MAs are trending lower with the 200-MA above the 100 and 50 MA respectively. The RSI is also below 50 and the has been a recent negative crossover on the KST. All these indicators imply a move lower on BCH.
Recommendation
The recommendation will be to go short at market, with a stop loss at 750 and a target of 550. This produces a risk/reward ratio of 1.13
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in BCH.