One day analysis of BCHUSDT447.7 sell/444 sell/ 449.5 stop-loss
Previous day P/L: 0
Price has been waving from 466~440 since 09 Dec, For now, the midpoint is at 453 and the depressure from MA20+MA50 is near the midpoint. Bulls are struggling to hold it back but the buying power didn't show very strong. There tends to be another breakdown to even lower than the previous low which happened at 06Dec. KDJ is spreading out.
BCHUSDT.PS trade ideas
One day analysis of BCHUSDT10th Dec Market analysis
452.7 buy/466 sell/ 446 stop-loss
Previous day P/L: -3.9
We have two hammers that stopped the previous dump, and a big bullish candle covered most of the decline. Price is moving around the upper band of the downtrend channel and it also happens to be a resistance level. If we change the timeframe to 1 hour, it tends to look like consideration is happening and the price almost stands on the upper band.
BCHUSDT is creating a pennant 🦐BCHUSDT is creating a pennant above the monthly support.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
BCH at Bottom of Trading Range / Buy Low Sell High / DailyThe big picture of Bitcoin Cash is trading range phase.
Best strategy in range markets is to buy low and sell high.
Now we are near the bottom of daily trading range,
and also bottom of bear broad channel ( 3nd pushed down ).
So cheap price to buy currently.
As long as we are above the daily bull trendline + Support Zone ( $405-$445 ), you can buy.
Below this prices market will be bearish.
Targets after breaking the bear dynamic trendline:
1) Touching the bear trendline ( Top of Channel )
2) Resistance Zone ( $749-$773 )
Breaking this resistance and consolidate above this zone, then higher prices will be expected.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
One day analysis of BCHUSDT9th Dec Market analysis
465.5 buy/476 sell/ 461.6 stop-loss
Now the BCH was at the previous support line and keep trying to breakdown to the downside. Bullish power is not very strong for now as the market emotions are also relatively passive. 466 would be a short-term key point as it was the middle line of the fluctuation range from 4th Dec to 9th Dec.
BCHUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 700-800-900
after first target reached move ur stop to breakeven
stop: under 460 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
Bitcoin Cash (BCH) - December 2Hello?
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(BCHUSDT 1W Chart)
Support section: 439.5-479.4
If the price holds above the 623.8-702.5 range, we expect the uptrend to continue.
If it declines from the 342.2 point, I think BCH is likely to enter the mid- to long-term investment zone.
🔥 BCH Consolidation AheadSince the initial sell-off of May this year, BCH has been trading inside a consolidation pattern. This pattern has kept BCH locked into a territory of weakness whilst other alts made new all-time highs.
For the coming weeks, I'm expecting BCH to stay inside this triangle. Hopefully we're going to see a break out by the start of next year. Assuming the overall direction of crypto is still bullish, expect a bullish break out. '
Happy trading!
#BCH #USDT Buy SetupCOIN: $BCH/USDT (3-5x)
Direction: LONG📈
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One of our monthly top performers once again ready to explode. Looking on higher time frames like BCH is getting ready to confirm that $540 low was our mid term bottom.
ENTRY: 546 - 565
OTE: 541
TARGETS
Short Term: 573 - 583 - 595 - 610 - 630
Mid Term: 650 - 680 - 720 - 760 - 800
STOP LOSS: 521.3
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