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Bitcoincash

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
KRAKEN:BCHUSDLong
by Critique-al-Thinker
1
#BCH BCHUSDT the sleeping dinosaur #BitcoinCashAnother sleeping giant is Bitcoin Cash here. Let's go fundamental first: 1) BCH has smart contract developed by an independent team 2) It is disliked due to its founder and being BTC fork, yet it continues to thrive behind the scenes among its loyalists. As for the technical aspect: 1) BCH has very high growing LONGS on BitFinex since the summer. 2) BCH continues to hover above its support drawn from Sep 2020 on the weekly chart. 3) BCH maintains the 40 RSI level on the daily, which is considered an untimely Long position entry in a bull run. 4) BCH is below the 0.236 Fib R level indicating an undervalued asset for accumulation 5) As per Ichimoku Cloud, BCH needs to close a daily candle above $640 for a leveraged long position. If and only if, the first target would be $840. However FIB R levels indicate far much higher targets on a longer term. PS This analysis is provided as per the request of one of my followers. I hope you found the answers, you were seeking.
Long
by eBlockChain
5
We are Officially in a Bear Market | 2021-2023 (imo)Since as recent as early 2020 (a little over a year ago), we've seen MASSIVE gains in amounts of 1,000%+ In my opinion, I think it is time for Bitcoin to cool off for 1.5-2 years. Based off the OBV, RSI, and many other indicators we are seeing clear signs of a potential multi-year bear market. The OBV (for the first time since the last massive crash in April) had just recently (yesterday: 11/16/21) crossed below its local big support. The RSI on the daily and weekly time frames are showing clear bearish divergences. Fundamentally, we are seeing signals from the richest people in the world in regards to a potential hyper inflation scenario + "The Mother of all Crashes" that could potentially occur. Notably, Elon Musk is currently selling $TSLA stock like a mad man. In my opinion, I think it is pretty clear his social media posts were just an excuse to sell more "to pay his taxes", but really, because he may think we are going into a multi-year bear market, which will save him tens of billions (think about that...) Ultimately, this is an amazing opportunity for everyone, whether you are broke or you are Elon Musk, to accumulate as much wealth possible before the next bull cycle. In my opnion, I think the next bull cycle will begin in early 2023 and end in late 2025-early 2026. Good luck everyone and make sure to comment below your thoughts. If you disagree please let me know why. I am very curious to see why some people may be bullish right now. Best, Matthew Park
COINBASE:BTCUSDShort
by UnknownUnicorn9845168
8
BCH Elliott Wave Chart by CryptoKnee Looks like 640 held! At the moment, a potential Zig Zag down complete is possible, which would still fit with this count variant. A zig zag complete does not necessarily mean the correction is over, especially in a wave 4. So watching how this developes. Green done, yellow some more correction, red bad for short term bulls. Watching these support resistances which ever way it choses. Super bull, this is a 1,2 1,2. Bear this impulse, if completes, is a C of a ZZ.
COINBASE:BCHUSD
by CryptoKnee
BCH Breakout ✅ Done, it has potential to give us 10x profits!!Technical analysis: #BitcoinCash (Daily update) . Symmetrical Triangle Upside Breakout ✅ . BChUSDT is breakout confirmation done as well as trading above the both MA's (21 & 50- Day MA), and the beginning of parabolic uptrend is expected. . The RSI is also TRYING to breakout its downtrend, if it could happen which give momentum bch from here. Take Profits: TP1= @ $1000 TP2= @ $1621 TP3= @ $2650 TP4= @ $3166 and then it could really more then $4000 SL= below 500 usdt on daily closed bases 🥰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 me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoincash #crypto #nextmove #bullmarket #dailyclosed
Long
by Bitking786
2