In terms of risk/reward it is a short. A stop above the 170 level gives us a clear exit to minimize losses (you could wait and see if it heads up there before entering short). This is more a trade based on risk/reward. I wouldn't be completely surprised if BCH breaks up but until then its clearly a short.
While most of the major cryptos are still trading in a range, there are still a few that peaking above the Feb 24 highs. LTC flag out as predicted and continues to move higher. BCH also now playing with the Feb 24 high on volume.
A potential setup could be long break of Feb 24 high (158) on volume with stop at 120 and a target of 239. To improve the risk /...
BCH has formed a cup & handle pattern.
Though handle portion of pattern is somewhat small I still believe this pattern has potential of a strong breakout given the rest of crypto market is showing strength.
The depth of cup is about 40 points so textbook breakout of this pattern will put us in 190-200 area.
This is 4 hour chart but on daily there is a strong...
BCH - wrapping up the rounding bottom reversal to 170, then next up is 198 then 270
rounding bottom reversal
Next ....enjoy the BTC "fresh air" ride to 412
Well, bch is surely looking interseting. I bet that BCH is going to be bigger surprise than LTC once it is obvious that BCH is stable at these prices again. IT sure looks like bottom of extreme oversold conditions.
IT could also be the continuation of 1-2 into bear! so be careful lol
Over all i feel that conditions for BCH will improve.
Good luck everyone ;)...
Okie gents, Looks i was correct about last month, and this confirms we are now in an ascending Triangle, and in a bloody channel, which can mean 2 things, Either this is a bear Flag, and we just about to have 1-2 wave into more Bear market, or this slow and volatile range bound trading that will eventually will want to test main descending resistance.
BCH - Rounding bottom reversal is a slow moving reversal upwards , Think of it as a "cup and handle" without the handle .
This one is heading to 170 for starters .
BCH should get to the 170 to 200 area in March,
Marked some points of interest and paths of least resistance. Please follow the trend lines as BCH moves and as the price aligns with the fans and intersections. Pretty easy- If it's on a trend line , respecting it as support, its heading that way because its a path of least resistance. If the price breaks the trend line , it should respect the the next...
Hello fellow trader,
BCH has gone though a major crash since the distant fork, looks like accumulation is going on. It might be a good time to buy some BCH! Check out the trade.
Buy Range: $130-$131.60
Trade Instructions for Bitmex:
Trade: LONG BCHH19
Current Price: 0.0345
Time Frame: Daily
Hi Tview friends here is the chart analysis for Bitcoin cash.
BCH stays within the $120-$140 range boundary.
StochRSI is moving close to the center.
If the BCH/USD pair goes beyond the range, then a new trend will be created and the price could rally all the way up to $156 to $160.
If the price breaks the $140 range, the uptrend can extend to $170.