Bchusdlong
BCH/USD shows 'Symmetric Triangle' breakout, go long above 2540 BCH/USD has shown a decisive breakout of 'Symmetric Triangle' pattern on 30 minute charts.
Technical studies are also bullish, which support further upside in the pair.
RSI strong above 50 levels and biased higher. Stochs show bullish momentum.
We also see +ve DMI dominance with ADX support.
The pair faces immediate resistance at 2540 which is nearly converged 100-SMA and cloud on 30 min chart.
Decisive break there could see test of 61.8% Fib at 2734 ahead of 2832 (78.6% Fib).
Bullish invalidation likely if the pair retraces into 'Triangle'.
Support levels - 2513 (23.6% Fib retrace of 2956 to 2377 fall), 2474 (1H 100-SMA), 2450 (trendline/ triangle top)
Resistance levels - 2540 (1H 50-SMA, 30 Min 100-SMA, 30 Min cloud), 2734 (61.8% Fib), 2832 (78.6% Fib)
Good to go long on breakout at 2540, SL: 2450, TP: 2670/ 2735/ 2830
BCHUSD - Bull flags, pump imminentA bull flag fractal pattern is draw on the chart. We should see a 5 wave impulse, the first wave to test 4k, wave 2 to retrace, wave 3 to attempt again and breach 4k, 4th wave will find 4k as support, and wave 5 could go up to 4500 or beyond (hard to tell where it might end because we are at all-time highs).
Also, just because crypto charts seem to love triangle corrections, I've outlined a probably ABCDE correction.
Let's see how it pans out.
THE BCH SERPENT IS LOOKING UP !BCH making higher high and lower high in the last 48 hours, bull flag finishing up, playing around and above 1750 range after breakout to 2k instead of a dive back to 850 like last time, Roger Ver loves BCH...shall I go on ?
BTG - Potential breakout point after an ABCDE correctionBTG might have it's day in the sun in the coming weeks. I will be looking for an entrance when I see wave E break downward.
BCHUSD demand zoneOn BCHUSD we can see a clear triangle right now. Technical analysis can´t tell us for sure where the price is going to leave this triangle (even when there is a strong support at 1430 USD). But we have also something fundamental in the game now.
On 7th of December, BCH will be listed on Bitstamp exchange, so much more people will be able to trade it. This is supposed to move the price higher. How much higher? First step is to cross over the resistance on 1800 price, the second one is 2000 USD.
My trade advice:
1st Buy (50%) - Now (1510 USD)
2nd Buy (50%) - 1450 USD (if the price drops there)
1st Sell (50%) - 1790 USD (20% profit)
2nd Sell (40%) - 1990 USD (35% profit)
3rd Sell (10%) - 2500 USD (70% profit) (if it doesn´t reach that, sell it on 1750 level)
Stop loss: 1300 USD (12% risk)
Good luck!
BCHUSD - Demand area 4h\1h\1DBitcoin Cash Buy setup
Buy limit : 900USD to 920USD
target 1 : 1400USD
Target 2 : 1790USD
Stop loose : 725USD
Wish you all the best guys :)
