Trying out some paper trades based on some basic strategy testing. Here's my thinking for the Bitcoin cash USD pair
April 26 bullish signals;
- 3HH, 3HL since January 2021
- Watch for second green candle for double bottom to form
- 20 EMA above 50 EMA
- Candle april 23 touched 50 EMA. Two candles after that didn't, next candle green + close above that red...
BCH in long-term will break ATH 2800USD. After breaking the ATH, it will stop for a while. Then from ATH bump to moon, hopefully it can reach 8000$ before Feb 2022
Got a huge bounce off 715 previous long term resistance. Pretty decent sign. Trying to be obtomistic still have my doubts. Looking for some confirmation above 800 or 830 for more confindenxe. I do like the volume we got off that break. Small bounce on daily RSI could be forming inverse head and shoulders on RSI. Be cautious but also pounce if confirmation of 800 is there.
BCHUSD / operation dragon slayer
BCHUSD about to break up triangle pattern again.
projection target at 897.
maximum projection between 1114-1211.
general informations:
roger ver and jihan wu are supporting bitcoin cash
roger ver: twitter.com
jihan wu: twitter.com
As of now 800$ resiatnce is huge physiological level. We need to maintain. We know that 830 is also a big level above. I am watching closely thou for any solid trades that won’t be a fakeout. It is important we enter upon a true confirmed area but we need to remain patient to make sure we get a solid hold. It has a chance to try to turn around here but also can...
Could be moving up short term to 830 target here if it can get a close and back tested support on 790 level. It all could be a fakeout too. I think I’ll still play it safe and wait for breakout and back tested confirmed support of 830
If you’re a savage and try to tradin these smaller swings. Keep eye on the hourly RSi. Filling pretty strictly in between the trend lines. Could buy at bottom and sell at top trend line while it’s in this continuation pattern
If Btc falls to 41-42k 20 ema on weekly bch would break this support. If you look to the left this area was another monster resiatnce and we are spending some time in. I’d personally watch the daily for massive accusation or big W building on this level if we maintain it. Finding support on 835 level would be a bullish long. Until the. I’m still on the...
Operation Dragon Slayer]
the moon is blue and meanwhile I am all in BCH after my ideas have reached all targets.
posted at $666.66.
target could be higher.
as BCH / BTC could be worth over 1 BTC for less days.
this would be a short pump and dump on BCH like when BCH got published.
or why do you think that roger ver, jihan wu and kim dotcom are...
And on the way down like most cryoto is right now. BCH hit a bit above the 100% mark for the cup. This is calculated using the depth of the cup. 1.272 and 1.618 are what many use as targets 2 which are long term.
This one does not look arcish like BTC, LTC and ETH. When i put it on a weekly times frame, there is not a straight line up like the others. It may...
I have been trying to find bullishness but Unfortuently I have to resort back to my main idea. 825 was the main support on top of main rising channel uptrend. When we broke it and tried to find support on it we blasted off. We back tested and tried so hard to hold support but failed. Unfortuently there’s only 2 big levels of support left fir BTc. 600 and 645 they...
