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BCHBTC trade ideas

✳️ Bitcoin Cash Finds Support, Higher Low & Relation To BitcoinA higher low has been confirmed late 2023, early 2024 for the trading pair BCHBTC. How are you feeling in this beautiful Sunday my fellow Cryptocurrency trader? Let's dive into this Bitcoin Cash chart together. Let me start by telling you that I am strongly bullish on this pair. The fact that we have the chart is one thing but when you combine strong bullish signals together with the market cycle it is just potent... Let us see how it goes. ➖ BCHBTC produced a strong higher low recently compared to mid-2023. Within this higher low we have three price bounce off support (blue line) and today a break of EMA50 as resistance is taking place. ➖ We also have a volume breakout supported by a strong RSI. That's like eight classic bullish signals combined. You know these are the same bullish signals we have been using since 2017 and they simply work great, it is amazing. One signal in isolation means nothing, can even be bad but see here, we have a multitude of bullish signals combined. We are expecting a correction on the BTCUSD pair and this can match BCHBTC going up. Just as I mentioned in the TWTUSDT trade idea, we can ignore the partial inverse relation because this chart is really strong on its own. But we like to look around for proof that supports our bias. If we see a bearish potential on the Bitcoin chart on a bullish trend, we have to have plenty of confirmation from other sources or else we just adapt and change. Wishing you success, wealth, health, profits, prosperity, joy and fun. I am sending you good vibes now... Let's hope we can all succeed together, achieve abundance and long-term growth. You deserve the best. We are all humans and we all make mistakes. Life will always give you a second chance and third, and fourth and more... We are eternal living souls. Thank you for reading. Namaste.
Long
by AlanSantana
7
Breakout & Re-test of ~5.5 year Falling WedgeBitcoin Cash was in a falling wedge for nearly five and a half years before it broke out of it back in June of 2023. Presently, it is re-testing the top of a dashed-line wedge drawn from wick to wick and has failed to reach the top of the solid wedge drawn from the line chart. Holding above the wedge could lead to an approx 5.25x move against Bitcoin from its current position at 0.0057 to TP 1 at 0.030 and an 11.75x move should it reach TP 2 at 0.067. It's possible we could see a double-bottom with a slightly higher low around 0.0041 or 0.0040 if it re-tests the solid wedge's top over the next weeks or into March or June, before moving up towards targets. Should a wedge re-test and double-bottom occur first, the possibility for already major gains vs. Bitcoin increases to 7.3-7.5x at TP 1 or 16.34-16.75x at TP 2.
Long
by dudebruhwhoa
2
✳️ Bitcoin Cash 6 Months Long Correction Ends (160% Potential) Good Saturday my fellow Cryptocurrency trader and Happy New Year, may 2024 bring awesome profits to your trading as well as lots of wealth, enjoyment and health to your lifestyle. Here we can see Bitcoin Cash ending a six months long classic ABC correction. Very clearly depicted on the chart. The end of the correction alone is a strong enough signal to support a bullish wave, a reversal but, we have additional signals supporting this one such as: ➖ BCHBTC trades above EMA50 & EMA100. ➖ BCHBTC has a strong daily RSI reading reaching almost 70. ➖ We have the biggest green sessions in the last 3 days since June. ➖ Volume is higher on the recent low (red) but if we corroborate across exchanges we can see it going high up... Supporting this bullish break. ➖ Bitcoin consolidating (sideways) after more than a year of sustained growth is a bullish sign for the Altcoins, specially the ALTSBTC pairs. All these combined... Boom! Rise UP! Namaste. P.S. Additional growth is possible beyond 160%.
Long
by AlanSantana
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two higher highs (upper trendline). Draw another trendline connecting at least two higher lows (lower trendline). 📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside. 📈 Trade Strategy: Consider buying when the price breaks above the upper trendline of the Falling Wedge. Set profit targets based on the pattern's height added to the breakout point. Implement a stop-loss to manage risk in case of a false breakout. Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
by RaffDN
BCH/BTC - Bitcoin Cash: Elliott Wave 12345◳◱ On the $BCH/ CRYPTOCAP:BTC chart, the Elliott Wave 12345 pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00647 | 0.00678 | 0.00728 and support near 0.00597 | 0.00578 | 0.00528. Entering trades at 0.00604 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 21 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00604 ₿ ▣ 24HVol: 45.006 ₿ ▣ 24H Chng: -2.423% ▣ 7-Days Chng: -7.33% ▣ 1-Month Chng: -15.82% ▣ 3-Months Chng: 13.61% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00647 | 0.00678 | 0.00728 ◢ Support: 0.00597 | 0.00578 | 0.00528 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -2.16 ▣ Last 90D: 1.46 ▣ Last 1-Y: 1.26 ▣ Last 3-Y: 0.45 ◲◰ Volatility : ▣ Last 30D: 0.42 ▣ Last 90D: 0.63 ▣ Last 1-Y: 0.78 ▣ Last 3-Y: 1.05 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.90 - V. Bullish ▣ In-depth BCHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Bitcoin Cash is readyThe BCH/BTC pair is ready for a bullish impulse. As you can see Bitcoin Cash has been consolidating while Bitcoin took off the past month. But now the BCH/BTC pair is sitting at it's YTD anchored VWAP and fibSMA610. Ever since Bitcoin Cash made a +2x parabolic move starting on 6/21/23, the BCH/BTC pair has been in a range between fibSMA987 high and fibSMA610 low. Therefore, unless it is proven otherwise, it is time to once again, go long Bitcoin Cash. fibSMA987 = .008542 fibSMA610 = .006294 YTD AVWAP = .006258 BCH/BTC Trade idea: Long = .006416 Stop = .006200 Profit = .008500
Long
by Options360
BCHBTC- Not expecting much unless BCH closes above monthly MA30Since DEC 2018 BCH has been below the Monthly MA30 and consistently failed to close above it . Currently BCH is attempting a break of the monthly MA30 and there are 4 days left on the monthly candle. Can BCH close above the monthly MA30 ? This is a challenging question to answer; However a successful close above the MA30 will pave the way for a move to 0.01557 btc or approx USD 450. To close above the June MA30 BCH will have to close the month of June above .00686 btc or approx 209 USD.
by mycotoxin
1
BCH/BTC - Bitcoin Cash: ◳◱ Technical analysis to be included soon, stay tuned! ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 29 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00434 ₿ ▣ 24HVol: 41.511 ₿ ▣ 24H Chng: 4.327% ▣ 7-Days Chng: -5.00% ▣ 1-Month Chng: -11.37% ▣ 3-Months Chng: -8.46% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00423 | 0.00437 | 0.00463 ◢ Support: 0.00397 | 0.00385 | 0.00359 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.56 ▣ Last 90D: -0.31 ▣ Last 1-Y: -0.31 ▣ Last 3-Y: 0.27 ◲◰ Volatility : ▣ Last 30D: 0.54 ▣ Last 90D: 0.59 ▣ Last 1-Y: 0.76 ▣ Last 3-Y: 1.02 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.27 - V. Bearish ▣ In-depth BCHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
✳️ Bitcoin Cash vs BTC | The AltCOINS RaceThis was going to be in the fast ALTSBTC series but the signals are not as strong, which actually means that it is still early. We have a perfect ABC correction that went beyond 0.786 Fib. retracement. In English, this is positive. Today alone BCHBTC breaks EMA21 and challenging EMA50, the signal only confirms when the day closes. A strong RSI at support is a very strong bullish signal... And well, the rest of the ALTSBTC pairs are growing by leaps and bounds... This one is set to join the race. Something like Coinraces . Namaste.
Long
by AlanSantana
2
Another Reason to look at BCHFalling wedge broke out a good while back but has yet to make a strong move up towards measured targets, as shown above on the 3 day chart. Also: - The long sideways movement is typical of accumulation prior to a stronger move. - MACD has been diverging the entire way down, - RSI has been diverging as well, and more recently stronger divergence. Hitting both targets would provide nearly 1100% gains vs. Bitcoin from current price if this plays out: Related idea here:
Long
by dudebruhwhoa
1
#BCHBTC - Large Triangle Closing - Still Room to Trade!We can see this clearly defined symmetrical triangle acting as both support and resistance for #BCH coming to an end pretty soon - but there's still time for another trade! Coming off a healthy Short trade into a touch of confusion followed by our current Buy signal from CTv2, there's room in this wedge for another 10% Long trade. What do you guys think? If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
10