BCHUSD trading in downtrend line
price rebounded from key level around 630
price below HVN around 620
price below SMA 100
RSI in downtrend line below 50
so its expect bearish movement to support level around 500
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Potential harmonic bat pattern formation is spotted on BCHUSD 8H chart.
The completion point of the pattern lies within a strong demand zone 468 - 502.
From that zone, a pullback will be expected.
Closest levels for goals:
613
715
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BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 4-hour timeframe perspectives. Bitcoin Cash has moved into an interesting constellation as it developed this main descending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed. Now Bitcoin Cash is moving forward with the...
BCH has incredible potential
And this observation only exacerbates this potential
When the 200MA becomes visible, it allows the 50 and 100 to adjust to the 200's position
On the Bitcoin pair 1.618 is being tested, potential for a reversal
Incredible long term hodl
●● Mine scenario
● BCHUSD (COINBASE):🕐1D
"Fig.1"
The rise from the orthodox bottom of the triangle ④ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2) ,...
Hi, dear friends, hope you are well and welcome to the new update on Bitcoin Cash (BCH).
Previously we had a nice trade of BCH:
Now this time, on the 4-day chart, the price action o BCH has formed a bullish Shark pattern. The priceline has already visited the...
Hi guys..its the latest analyze chart of #BTCUSDT in daily time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
BitCoin cryptocurrency has not pulled back to the strong imbalance shared with you a few months ago. Everyone is talking about Bitcoin, even my 87 years old mother asked me the other day what BitCoin was because she was hearing about it on the news all the time. If such an old person, unrelated to the crypto world, is suddenly interested in knowing what BitCoin...
Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link:
smartbch.org
And to my...
We can start accumulating BCH at 2 zones : 800$ and 900$ zone.
BCH can generate new rally up to 1300$, 1700$ and even 2000$ in June
📈BUY
-Buy: 900-940$. SL if B
-Buy: 1270-1330$ if A. SL if B
📉SELL
-Sell: 1270-1330$. SL if A
-Sell: 1660-1740$. SL if A
-Sell: 1950-2050$. SL if A
♻️BACK-UP
-Sell: 900-940$ if B. SL if A
-Buy: 780-820$. SL if B
-Buy: 680-720$. SL...
Hi, this is my new update for BCH. 4 days ago we lost our support level around $1300 and we tested the previous top around $1160 and it held very well. Now we have made a beautiful double bottom and we are battling against the resistance level $1300, so once we break it we are going to test the next one around $1500-1550 and if we break that too, then the next one...
First I have to note that crypto market is really volatile now! and if you are looking for trades in short time frames you have to use stop loss for your trades.
A resistance area has broken and now its a support for the chart, meanwhile two ascending trend lines are pushing the chart upwards.
Our updated chart with key price levels:
Buy again at 1155 or 1045 (support levels)
Take some profits at 1343 (resistance)
If 1343 is breached and checked as support then buy again over 1350
Hope it helps,
the FXPROFESSOR
