BCHBTC trade ideas
BCH catching a bid?BCHBTC seems to be breaking out of a near-picture-perfect falling wedge that has formed since December. 24H MACD and RSI indicating a possible reversal. Combine this with fear in the BTC markets outlined in a LTC idea here , and we have the potential perfect storm. BCH may be viewed as a potential alternative to any disruption of the BTC network... keep an eye on it.
BCHBTC Poised for Move Up - PrudenceAs you can see the resistance is the 3 Day Rolling Pivot Range high, that's the higher set of green dots. This is a key level that if broken through could carry us to higher levels. Already the price tested this level and failed. It wants to test it again.
Take note of the stop loss at the Opening Range low and the first profit target. There is a second profit target as noted by the green bar higher up. This is fast approaching the breakout level so I will publish now .
Stay tuned. I will update this as we progress.
BCHBTC Bullish flagFound a possible bullish flag for the BCH-BTC pair. Currently, BCH is sitting at .15 BTC. If this trend continues, BCH can make a run for .19 BTC which is very close to the 1.618 fib line. This trend is invalid if the price breaks down from the lower part of the channel.
RSI is at above 55 on the 4-hour chart showing strength and a bullish sign.
**NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
**DO NOT use my published ideas for making decisions.
Recommendations are welcomed.
Again, I am not an experienced trader.
Maybe this SH!T isn't as complicated as we try to make it. BCH/BTC overall channel is well defined. Don't get caught up with the pumping and dumping along the way. I thought I had a pump and dump pattern figured out last month based on the BTC mining difficulty algorithm adjustment cycles, however the last few DAA's have been rather insignificant for the price. What we can clearly see, however, is the distinct uptrend channel.
WARNING! This is CRAZY TALK! BCH/Bitcoin *REPOST*Many of my posts were deleted by mods because I included my Twitter handle in the post. I wasn't aware of the policy against that, so I'm reposting my most recent posts.
Originally posted Feb 06, 2018 @ 4:40pm PST
BCHUSD BTC BCHBTC
I'm having fun today with some experimental analysis. Perhaps I'm forcing things here--or perhaps I'm onto something.
Per usual, I'll let the reader analyze the chart for themselves. I do this for two reasons:
1) It gives the reader the opportunity to see something I may have missed
2) There are some bits I don't like giving so easily--but they're there if you're astute.
Please give me a Like if you appreciate my posts. The more "thumbs up" I receive, the more I post.
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As always,
Happy Trading
Black Friday, Green Bitcoin Cash! Multiple charts, 24/7 stream.Hello again. This time We come on the battlefield stronger and more oriented in the area.
Why BCH?
There are money inside each crypto. We are looking for the deepest sky right now.
Bitcoin cash is my favourite. I've got a feeling with prooves. Charts will explain themselves, and I will update this idea to guide You.
Yellow line and blue one are main lines coming from 1W time frame analysis. These are strong price borders. Once broken, trend will appear clearly. As I predicted ealrier, there You have Triangle formation for green charts.
See my previous idea for entertainment and for education. There was nice guide on BCH too, but triggered with stop. Nothing has been lost.
#1 Crypto BCH/BTC Support/Resistance & Signals Feb 3 2018Support:
Weekly S3/previous highs @0.13
Weekly S4 @ 0.123
Monthly S1 @ 0.119
Resistance: S/R /Weekly S2 @ 0.136
Previous support/Weekly S1/Daily R1 @ 0.142
Weekly pp/S/R @ 0.149
Trend: Bearish (Ich)
Divergence: Bullish Divergence H4 tf
Candles: Bullish Hammer Daily tf untriggered