Bitcoin Cash (BCHM19) Chart Setup
All details on the chart.
Leveraged trading is high-risk, not recommended for beginners.
For experienced/advanced traders only.
This is not financial advice.
Here you have my chart for Bitcoin Cash (BCHM19) on BitMEX.
Quick chart signals
Trading within an ascending channel.
Bounced after reaching strong support.
Looking for a BPC (Break Pullback Continuation Trade) on BCHABC. Should price close above the daily baseline, pullback and hold that new level as support (forming a Bullish Breaker) I'll take the trade to the upside with the posted potential profit targets.
We are looking at Bitcoin Cash (BCHM19) and can notice a similar pattern compared to its last bullish wave.
Easy to notice on the chart, we have two broadening falling wedges (purple dashed arrows) wherein both cases a low was hit followed by higher lows before a breakout.
There is no more volume for the bears and the RSI and MACD also support a move to the...
Looking at Bitcoin Cash (BCHM19) on the daily time frame, I can see that it can continue going lower.
BCHM19 is now trading below EMA10 with additional room available to go down.
I looked at the BCHABCBTC pair for a better view since there is more data available on the chart. Here it is:
After a small bounce to retest...
BCH has printed a double top formation suggesting that a short-term high is in and signalling a short-term bear-trend. After breaking below the first blue rectangle on the chart, price action confirmed bearish pressure and brought the price to rest just above the second blue rectangle. If price breaks below this support/resistance zone I will feel very comfortable...
Bitcoin cash broke support i will be looking for a short on a pullback on the S/R level.
The box ive drawn shows a liquidity Gap which means that area has been traded through inefficiently so i expect this to be filled. I normally do not like to trade Bitmax altcoins but this setup is just A+ .
Sometimes I just can't help myself when I see a good looking chart. As long as I manage my funds properly, and do not stray from my risk management rules, I don not mind losing trades at all. At the end of the day, one of the most important parts of trading is knowing how to handle losses, as they will be with you for the rest of your trading career.