BCHUSD.P trade ideas
Bitcoin Cash (BCH/USD) 1W: Elliott Wave Analysis (Update)👋 Hello and welcome traders to another trade idea with SunnyHillCapital
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Will Bitcoin Cash Continue Its Run?The daily & weekly chart are extremely bullish.
After price rallied we had a pullback on light volume which shows low seller interest.
Price pulled back to the 50day moving average on the daily chart and is also holding the 38% Fibonacci at the same level.
On the weekly chart we had 2 weeks of decreasing volume as we approached the 10 day moving average support.
From my perspective both daily & weekly chart show a demand zone to add long.
Descending channel - Buy the bounce?I would normally avoid trying to catch a falling knife, but it looks like we caught fairly strong support at exactly the level needed to form a descending channel, which, if it holds, means its up from here. Lets see!
Bch idea Recent peak after big breakout. Time for considlation ? Lower support 588-593. Descending triangle/ bull pennant idea here. Way to early to say for certain. Could we be attempting something of this idea ? Will check with this idea in a few days. Buying some bCH here
BchMust HOLd 4hour 200 ema support 592ish.
Might be worth a long postion. Next support I have below that if we even just wicked, would land 586. In intreeged
Pull Back FishingPost ARC and has fallen a bit beyond the .886 down to 384.26 at the low. Double bottom for now. The bulls made a stand at this level.
Most arcs pull to between the .5 and .782 with the average being between the .618 and the .782. This one pulled a bit further. An ARC is not predictable and can be volatile for a while after coming back down.
Negative volume is high showing big money interest. Price is over the 50 SMA which is sloping up.
No recommendation
Golden cross in Bitcoin cash* Golden cross appeared in Bitcoin cash in 1D time frame.
* Golden occurs when the short term (50 EMA) Exponential moving average crosses above the long term (200 EMA) exponential moving average.
* It indicates the long term bull run.
* Exponential moving average ( EMA ) is also a type of weighted moving average technical chart indicator which mainly prefer recent price data.
BCH building a big pattern!BCH is the smaller brother of BTC, and also very bullish on the long term. Here we can see that BCH si following a big broadening wedge.
bye.
Bitcoin Cash 1W: Elliott Wave Analysis (Update)👋 Hello and welcome traders to another trade idea with SunnyHillCapital
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💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips! 🤝
BCH Buy a break setup.BCHUSD - Intraday - We look to Buy a break of 651.1 (stop at 634.4)
Pivot resistance is at 649.9.
A break of bespoke resistance at 650.0, and the move higher is already underway.
Daily signals are bullish.
Our profit targets will be 698.7 and 707.7
Resistance: 650.0 / 670.0 / 690.0
Support: 630.0 / 615.0 / 600.0
BchReloaded here 626$. Let’s see how this trade goes. Looks to be solid support here seems logical to jump in a small position. We lose this 594 will be next
BchHit my first support are of 661
If we lost that 650 should be monster support ! Loosing that would be a pretty good short postion
BCH Starts it C LegWith the second leg just starting the last ATH is a given & $4k is a conservative target. Potential is there to reach as high as $12k but I'll be taking profits at 4k & be happy with 8x with no stress :)
Bitcoin Cash 1W: Elliott Wave Analysis👋 Hello and welcome traders to another trade idea with SunnyHillCapital
☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅
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Consistent chart updates
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Analysis on a wide range of major markets
SMASH that follow button! 👍
💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips! 🤝
BCH wants 900Bcash or trash gearing up here.
Possibly 30% gain on this in short term then a dump to 0.01.
Good luck and God speed.
BchTarget 737 but seems we are in a rising channel upper resistance 676-682… lower support 643 low. 650 would be absolutely insane to hold if we were to lose momentum here and fall while still mainting this channel
BCH - What happens next? Hi, this is my new update for BCH. In the last 3 weeks BCH has risen around 70%, but now we have broken the resistance 650$, SMA100 and SMA200. If we close todays candle above 650$, then we are good to go and the next target is 710-720$. We have 3 resistances between 720-840$, but once we break all of them, then we have a big gap to fill it up between 860-1050$ (Easy gains). Compared to the total market cap, BCH must be around 900$, but unfortunately BCH is always lagging behind. So be patient and don't panic ;)
be ready for at least 80% profits 🚀right now possibly we may correct shortly but nothing to worry about.
1- the price returns back to close above EMA 50.
2- the candle body is getting bigger each week. (momentum increasing)
3- as soon as BTC is showing strength for goin up, it gives good indicator for seeing higher highs n lower lows.
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Pair: BCH/USDT
✅ BUY: 570 - 650 ✅
🎯 Targets:-
1- $700
2- $805
3- $975
4- $1200
5- $1420
6- $1640
STOP LOSS: $530
$BCH and $680While $BCH has done a 180 in terms of price action off the bottom, we still need to crack the $680 level and flip that resistance into support. If we can do so, we see four figures again in short order. I still personally believe that before this Bull Run is over it will match, and even exceed, its 201 top. :o)
BCH in the support zone for a break out Bitcoin cash in the support zone currently for a break out. Watch out for support around 700+ dollars. We the 10 day ema is crossing over the 20 along with the 50 and the 100 is near too. Previous following trend line shows support for upwards to 1,000+ with a few pull backs along the way I'm sure. The long "W" formation is closing to breaking the retrace should be some some really nice gains if we can see support above 700+. Keep your eyes peeled.
Bch Hit my targeted sell location. I took profits here and I will waiti and see how things react from here. If I need to re enter wirh daily closes above I will but for now I will be patient and wait for old resiatnce to be tested. Could be 580 or 540s not sure yet
