Bitcoin Cash (BCH) is a cryptocurrency that originated from a fork of the Bitcoin (BTC) blockchain in 2017. It was created to address some of the scalability issues of Bitcoin by increasing the block size, allowing for more transactions to be processed at a faster rate and with lower fees. The goal of BCH is to serve as a global peer-to-peer payment system....
With the recent hype on BCH, I decided to take a look at the charts. I think we set a new low before we reclaim the new all time highs. Not investment advice.
At the moment, BCHUSD is trading at $194, and its resistance is at $205. You can sell it from there if the H4 candle rejects. The take profit level would be its support level at $170, and the stop loss would be at $220. Currently, the Weekly RSI is also crossing the 70 level, which indicates an overbought zone, so it should come down. I hope we can make a good...
#BCHUSDT The market has the potential for an downtrend to 95$ First target 104$ SL 133$
BCHUSDT looks nice to short at the moment for a nice quick trade.
bch is looking great to accumulate down here, could potentially be close to breaking the down trend
BCHUSD shorts active to shown zones. trade what u know know what u trade
As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb. In order to buy, the SL (stop loss) and capital management must be observed. All resistances and TPs (take profits) are marked on the chart. (DYOR)
IMPORTANT TIP: CRYPTO Market IS AT TOP, On Weekly Timeframe BTC is Bearish . Still Alt Coins are Rising Continuously, Don't Know Where ALTS will take U TURN. Thts Why "I Request Please Invest Just 1-2% in Alts Whenever We Post Signals" 📈#BCHUSDT ➡️Entry:853$ 🎯Target 1: 972$ 🎯Target 2: 1170$ 🎯Target 3: OPEN$
Hi friends. Really never write about BCH. But today when i seen this picture. I was surprised. So big volume of BCH was sold at 425. And trend easy can going to first bears target (X-Lines level) - 363.94. No obstacle for that at this moment. Follow me.
Good chance to short BCH, its a risky trade in so bullish market, so SL of 5%.
Bitcoin Cash show a strategic os supply and demand and so, we see that the price is turn bearish. In Daily, we supposted that Bitcoin Cash it´s can be to retest the $240 USD to then, entry in short position in the $257 USD. Also that Bitcoin Cash could want to retest the key support line mark in blue and we would need to hope 2 thing: the closed up of the...
At D1, the cloud is directing downward, indicating a downtrend. Besides, the cloud is directed downward at H4, which also indicates a downtrend. On H4 and H1, the correction model in the form of a triangle is visually well visible. We recommend selling on the breakdown of the downward correction model boundaries, or in case of false growth to the level of 250...