BCH and the Ultimate RSI ignoreimagine bch tested this trend line flip and continued north?
rsi topped in the NINETIES
BCHUSD.P trade ideas
downtrend structurelet's SELL scalping.. after failing in the buy position, we try to enter sell because a downtrend structure has formed
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
uptrend structure is still therelet's scalping buy again.. the uptrend structure is still valid.. if the uptrend structure has broken, we will cut loss..
SCALPING BUYWe can see uptrend is still build up there.. and there is bullish engulfing, so, we just take the oppurtunity what we see in our eyes.. good risk reward ratio..
uptrend structure is thereThe price has made an uptrend structure.. so we have a reason to buy, and we know where we should cutloss.. that's the important thing
Bitcoin cash running out of gasBitcoin cash has ran from 100$ to 300$.It has little room left to continue. I see it hitting 360$ before rejecting and going back down.
BCHUSD hit the MA200 (1w) after 1.5 year. Major bullish sign.BCHUSD hit today the MA200 (1w) for the first time since the week of January 3rd 2022.
This represents so far a massive +200% rise in the last 2 weeks.
The RSI (1w) is deep inside the overbought zone but so it was in January 2021 during a rally similar to today's.
Trading Plan:
1. Buy after the first red (1w) candle.
Targets:
1. 735.00 (Resistance 2).
Tips:
1. You may target Resistance 1 (392.50) initially if you don't want to commit much on the long term and buy for the higher target after the MA50 (1d) is tested and holds.
Please like, follow and comment!!
what goes up usually comes back down.....eventuallynfa
y axis only
bitcoin cash giving us a preview of what is coming for most alt coins
✴️ Bitcoin Cash | End Of Consolidation Phase = New Bull MarketThis is only the beginning. In purple we have here what we will call a consolidation phase. We have two different types of consolidation with both following the exact same pattern.
As Bitcoin Cash moves to print a multi-year long low in December 2018, trading volume is really low.
The bottom low is set and a consolidation phase starts.
When the consolidation phase is over, a new bull-market develops, volumes rises and becomes strong.
Fast forward four years into the future, Bitcoin Cash produces a multi-year long bottom low yet still a higher low compared to December 2018. This low came in November 2022.
We have a bullish breakout and the consolidation phase comes to an end, this is marked by the highest volume in a year and a very strong RSI. This will lead to a new bull-market. This is only the beginning.
We should expect years of growth as we saw after the December 2018 low.
Then prices will peak which will produce a new bear market and a new multi-year long bottom low, consolidation and the cycle repeats.
We had a V shaped consolidation in 2018.
We have and long drawn out consolidation in 2022, perfect according to the law of alternation.
Just so you know, this is only the beginning of years of growth.
Namaste.
✴️ How Far Up Can Bitcoin Cash Go?This is the question that is on your mind right?
How far up can it go?
Bitcoin Cash closed last week above EMA50, on the weekly timeframe, with the highest volume since May 2021.
The high volume clearly revealing what is about to take place.
The trade I shared in early January had a top target of $280 but that is being conservative of course. I am always conservative with my targets because the focus is on getting a good entry, a great entry, buying near support, low, All-Time Low and then letting the market develop and the selling can be adjusted to each individuals goals.
Ok... Enough of that.
Short-term, we can see 274 and 325, easily.
Medium-term, not so sure about these "terms" but things are going up, we can see 380 and even 444.
These are the targets that I have extracted with certainty based on what is currently going on in the market. These are not projections but data based targets.
I can do projections also for the long-term and this will be done either later this year or next year for the Altcoins we track and look at together.
Long-term we can see 575 and beyond and a new All-Time High when the next bull-market fully develops in 2025/2024.
These are just my views and opinions.
This is not financial advice.
I am translating what I see coming from the charts.
Namaste.
BCH UPDATE R0At the moment, price is currently retesting an important imbalance at 240$. A closure below this level on the 3 day chart can predict a potential pullback towards 150$. But in order for the pullback to be valid, price must respect the current high that will form from here. On the other hand, a break above 240$ from here will push price towards 260$ easily.
BCH has completed a major rectangle bottomI really do not want to chase this rally here, but a bottom of significance is in place. Periods of short term weakness can be used to purchase BITSTAMP:BCHUSD
BCH run is over take profit and open shortBCH run is over take profit and open short. BTCUSD also in short area so big compound short for BCHUSD.
BCH preparing to rip and dipTitle says it all.
I think there is a bit more upside, up to perhaps 300$ level. I would rather be a short at this point than a long.
I will short at 225$ and add if we reach 300$ add to short again. Then I pray for a drop to around 160$ to GTFO (Goat The F Out).
Not a financial advice. This can fail like everything else :) play according to your risk tolerance :)
Flipt all my gov MKR tokens for $BCH coinsThe moment I've flipt all my MKR tokens for acutal coins ( CRYPTOCAP:BCH ) is the best thing I've done in 2023! The days of a 100$ CRYPTOCAP:BCH is OVER! A tons of actual usecase = demand, makes CRYPTOCAP:BCH equal as good then BTC in my opinion. My 1500$ investment became just 3700$, I'm not selling a dime! Bitcoincash just started a multi year bullrun...
BCH HUGE POSITIVE MONEY FLOWTechnical chart indicates a positive money flow. Follow the charts before the news!
BCHUSD Bitcoin Cash Sell Entry At the moment, BCHUSD is trading at $194, and its resistance is at $205. You can sell it from there if the H4 candle rejects. The take profit level would be its support level at $170, and the stop loss would be at $220. Currently, the Weekly RSI is also crossing the 70 level, which indicates an overbought zone, so it should come down. I hope we can make a good profit.
Not financial advice. Trading carries risks. Consult a professional advisor. Perform due diligence. No endorsement of specific strategies by OpenAI or its models.
Not Bitcoin... Bitcoin Cash is bearish until 2025Chart speaks for itself.
The early investors got out a long time ago and they are not coming back.
This crypto asset has a lot to prove if it ever recovers after the 25.00 crash.
Money flow in the markets for this crypto asset may seem bullish but its not.
Intermittent pump and dumps keep repeating.
The real Bitcoin asset is stable and produces more confidence in the market than
these copy cat assets trying to market a brand.
BCH Bitcoin Cash Institutional Buying Target Price 20K - 30K The beautiful Law of supply and demand. Financial Institutions are heavily involved in the crypto market now. Bitcoin Cash is only a limited supply just like his big brother BTC. The next face of accumulating BCH is taking place right now before the FOMO, expect a 20K - 30K TP for BCH
✴️ Bitcoin Cash | Highest Price In 1 Year (Bull-Market)Bitcoin Cash (BCHUSD) never went below its November 2022 low, just like Bitcoin, but unlike Bitcoin today it went ahead of the entire market.
We have the highest price since early June 2022, more than a year ago.
The RSI is off the chart and there is nothing more to look at but there will be additional growth.
The way we trade, the way we do it, is to join/buy BEFORE the breakout, BEFORE the bullish action starts.
When the action is ongoing it becomes too hard to predict the next move. We can tell that there will be additional growth but we cannot tell if tomorrow there will be a correction or in a weeks time.
Our trade signal for BCHUSD with leverage hit all the targets and now we have to move on to other pairs. See here .
This is part of the Name Your Altcoins series, we will continue with the next one.
You can find the next target mapped on the chart and support levels.
Namaste.
