Bitcoincash
Here Is Why Bitcoin Cash Has Considerable Potentials Ahead!Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 12-hour timeframe perspectives. In recent times Bitcoin Cash is one of the more volatile currencies on the global perspectives as it moved to the up as well as to the downside in a volatile manner, besides that I discovered the major ascending-channel-formation Bitcoin Cash is forming here with the coherent wave-count from A to E within the formation. When Bitcoin Cash manages to build up with further bullishness as it is shown in my chart this can lead to a final breakout above the upper boundary which will be the origin of a wave-E-extension to the upside moving on with further developments.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
BCHUSDFrom the Technical Perspective:
1. From the Monthly perspective, BCH was created a huge impulse to the upside and approaching to the major level of supply level on the Monthly perspective (represent as dot line 1347.88 in chart), expecting the last move to the upside before the continuation to downside.
2. From the Weekly perspective, BCH created an impulse to the upside followed by a correction. We can a continuation to the upside as we want to see from the Monthly perspective.
3. From the Daily perspective, BCH is sitting inside the major supply area (942.75~895.58), we can expect a short-term downside movement if the price will react to the supply level; or the price may break above the supply level and turn to the demand level (swap zone) and continue move to the upside as we want to see from the Weekly and Monthly's view.
4. Overall direction from the Multi-Timeframe Analysis: BULLISH
How to approach BCH/USD?
1. Currently lower timeframes are indicating a bullish market, multiple HH (Higher High) and HL (Higher Low) are formed. Only can looking for the short opportunity once the market turn to the bearish market.
2. Once the lower timeframe become bearish market, you may looking for the short opportunity within the daily supply zone , if your rules of the strategy are fulfilled.
3. If the supply zone will be break and turn it to demand level, you may looking for the long opportunity within the daily demand zone , if your rules of the strategy are fulfilled.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on BCHUSD or which pairs you would like to me analyze in the future.
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BCH Buy a break setup.BCHUSDT - Intraday - We look to Buy a break of 847.8 (stop at 806.6)
Daily signals are bullish.
A break of bespoke resistance at 840, and the move higher is already underway.
Trading close to the psychological 1000 level.
Short term bias is bullish.
We look for gains to be extended today.
Our profit targets will be 969.6 and 996.9
Resistance: 840.0 / 930.0 / 1000.0
Support: 800.0 / 750.0 / 700.0
BTC printing bearflagIm a long term BTC bull but the technical action is screaming sell in the short term. After printing a bear flag last week and breaking out to the downside we are looking at a similar pattern here around 50k. I think BTC comes down to 45 k in the short term but continues long term uptrend given all of the fundamental tailwinds for BTC & the crypto market as a whole. Im short $MARA as they are one of the largest holders of BTC trading on the market.
Bitcoin Cash (BCH) - April 24Hello?
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(BCHUSD 1W chart)
(1D chart)
We'll have to see if we can get support from 785.84-865.88 and climb along the uptrend line.
If you go down at 785.84, you need a short stop loss.
However, you can touch the 661.97 point and go up, so you need to trade carefully.
If it falls at 556.08, you need a Stop Loss to preserve your profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
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(BCHBTC 1D chart)
We have to see if we can get support and climb at the 16517 Satoshi branch.
If it falls at 12667 Satoshi, Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately represents the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
How Bitcoin Cash Can Alter The Established Dynamic!Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 2-hour timeframe perspective. As Bitcoin Cash in recent times severely declined bearishly to the downside it is testing further lower support levels and besides that has formed this main descending-channel-formation marked with the boundaries in black, in this channel Bitcoin Cash has the coherent wave-count with the waves A to C already completed and now about to form the wave D in the structure, this wave D will run into decisive resistance from where a pull-back and therefore the wave E is likely to emerge, when this wave E finalizes the wave-count in the lower support marked in blue this can be the source of a channel-breakout when Bitcoin Cash manages to back-up.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
BCH descending triangle formingBitcoin cash had a great run last week but ultimately caved to the BTCUSD downward trend over the past few days. Although there have been a few recoveries here and there, BCHBTC instead looks to be forming a descending triangle rather than any positive trends over the next few days.
Confirmation is still needed, but if a triangle does form and breaks downward, it could take a recovery slightly longer before any positive trend occurs.
It looks like a trend to watch out for if you are one to keep an eye on BCH trends.
Bitcoin Cash $BCHUSD PT 1,200-1,300 and higherSymmetrical Triangle forming for next leg up to touch resistance at PT 1,200
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
BCHUSD: Bullish Continuation is Expected
Here is our technical view for BCHUSD.
Our analysis is based on current market fundamental sentiment.
According to our drawing BCHUSD reached a strong support cluster.
Based on our analysis the market will go higher
to the underlined resistance.
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