BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) rallied back above 300.00 on Thursday, prior to the global crypto market moving to consolidate.
Following a low of 250.23 on Thursday, BCH/USD jumped to an intraday peak at 300.85 earlier in the day’s session.
As a result of the rally, the price moved to its strongest point since the start of the week, and closer to a recent 15-month high.
Earlier gains have now been erased, with BCH falling to a current reading of 279.71 as of writing.
One of the catalysts for this is the fact that the relative strength index (RSI) moved closer to a ceiling at 73.00, after bouncing from a floor at 70.00.
The index is now tracking at 71.69, and will likely consolidate around this area for the remainder of the day.
I have tried to bring the best possible outcome to this chart.
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BCH
BCH Ready for a 50% Correction?Is BCH ready to dump. Really no body knows for sure but following the technicals it is at macro resistance and on the 4hr. a lower high, lower low, and now a lower high.
Invalidation will be a brake and hold of the high. A liquidity grab just above the high is certainly possible but to invalidate it needs to hold.
If it can reclaim the highs more upside would certainly be in order but needs to happen first.
For now the market is sitting perfectly balanced between buyers and sellers at macro resistance and when big money says they are bullish typically they have goods to sell.
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BCH ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BCH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Cash BCH Big Blocks vs LitecoinBitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.
The long term trend is negative, which leads me to conclude that it will be negative in the future also. On the near term I would suggest that BCH-LTC may reach a bottom and conduct a reversal rally into resistance levels so on the chart
BSV : NEW INCREASE TIME TO STARTAfter we have seen a movement in BTC, and BCH, the Technical side shows a breakout possibility on BSV.
One thing is that BSV the only BTC that follows the idea of satoshi of Nakamoto 100%
We expect that BSV can have coming time a volume increase since some pattern confirmation shows a high chance of a breakout.
We will follow BSV to see If this breakout will play in the coming time over.
One of the most targets is $79 followed by $110
There is a trend going on in HK with new exchanges, this can be a volume change for BSV also.
It can take some time, but the interest will stay the same.
Know the risks of trading, this update means only as expecting views and not trading advice.
BSV info
Bitcoin SV (BSV) is often claimed to be the coin that follows the vision of Satoshi Nakamoto more closely than Bitcoin (BTC) or Bitcoin Cash (BCH). This claim is based on more factors.
Protocol adherence: BSV aims to restore and preserve the original Bitcoin protocol as described in Satoshi Nakamoto's whitepaper. It seeks to maintain the original design decisions and parameters, such as larger block sizes, to enable on-chain scalability.
Bitcoin Cash (BCH) forming a bullish BAT for upto 12% pumpHi, dear friends, hope you are well and welcome to the new trade setup of Bitcoin Cash (BCH) with US Dollar pair.
On a 4-hr time frame BCH is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
We called $MKR $BCH and #DEFI ($COMP)This is personal trading & not for our fund.
ASX:MKR was in the low 600's when we spoke about how good it looked, It is now up 50%.
If you had opportunity to buy on that dip, it would be closing in on a 2x return, NICE.
#DEFI was aa sector we spoke about a few times as having good opportunity. Since then, NYSE:COMP is up 2x+!
Spoke about NYSE:BCH in mid/late May and it was around $110. This currently stands at a 3x return!!!
#crypto #Altcoin
COMP/USDT 1D: 75$ or more?! Hey guys
COMP has broken its two-year downtrend line on the weekly time frame
and started a strong bullish move accompanied by impressive trading volume.
Currently, there are two resistance levels in front of it
The $70 level is the ceiling of the trading range channel, and the $80-$100 range is a very important resistance level
In the daily time frame, we see the breaking of the $50 level with strong candles
There is a possibility that the price will return to the broken resistance or FVG or Breaker Block
Please give your comments to improve my ideas
Thank you
PolkaDot Chart Analysis Polkadot Update
Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. MIL:DOT
The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8.
However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
Bitcoin's Battle between Bulls and Bears#bitcoin Update: Currently Trading at $30,500
Bitcoin ( CRYPTOCAP:BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins.
Key Levels to Watch:
- Support Area: $29,800
- Resistance Area: $31,000-$31,200
- Range Bound: $29,800-$31,200
Stay tuned for more updates as Bitcoin's price action unfolds!
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
Overview of accumulation breakout patternsWelcome to my new educational post
As you can see in BCH/USDT chart, One weekly green candle is enough to overcome 1 year of bear/consolidation zone !!
If you are surprised, let me tell you this is very normal behavior in crypto market as we saw this happened many times before
Another example :
DOGE / USD
When to expect a coin to explode like that ?
The accumulation pattern have many stages
1- After a period of bear market starts to deccelerate the price action becomes flat and usually take long time of horizontal accumulation between main supply and main demand (weeks / months / years )
2- Multiple fakeouts can happen to make both buyers and sellers exhausted
*The best buy (smart money) after the price reclaim the main demand after stoploss taken the second best buy after valid breakout (candle closing)
The shorting is the vice-versa
3 - Finally the strong breakout take place and overcome many weeks / months or even years of bear / consolidation/ accumulation zone
4- After the coin make breakout many traders will avoid it in the early breakout but it will continue rise and rise ..and every time it rises more it becomes more risky
Later it will turn to be crowded coin and many newcomers buy it at very high prices at this stage it becomes a gamble and MM will sell their profits on newbies
Note : The distribution phase is the opposite of accumulation phase
Note : not all coins can survive bear market, So the fundamental view has great role to support the coin
I can tell you about potential coins in accumulation now which have chance to do similar thing :
#FTT - #DYDX
DO you know another potential coins in accumulation ? Tell me in comment section below ⬇️
🔥 Bitcoin Cash Hedging Trade After Huge Bullish MoveBCH has been making crazy gains over the last two weeks. This happened mostly during a period of sideways price action of Bitcoin.
Although the market is very bullish over the long-term, I think it's wise to protect against a sudden dump.
I chose BCH because it has been severely outperforming the market recently, even hitting a daily RSI of 89 at some point. The argument is that BCH has to do some mean-reversion at some point. In addition, once the market starts dumping it can give back all its gains very quickly.
My overall view on the market is still bullish, but building in some protection is never a bad idea.
Bch@bch
I still don't have the confirmation of the break, the last candle was 326, so I don't think it can go higher than this, if it is approved, you can see the above three lines after a few weeks, if you are thinking about buying it, when you see it Two green numbers arrived, check the power of the candle and momentum, if it is OK, buy it
Bitcoin Cash BCH price what is happening, why is it growing?The goal from the previous BCHUSDT idea, which was drawn on the chart, has been achieved, that's why it is worth updating the picture and thoughts.
By the way, in the same previous idea, we described a lot about Bicoin Cash and our memories associated with this project on the crypto market.
So, in a little over a week, the price of BCH has grown by +130%, which is a super rapid growth that has not been seen since the end of 2018.
We don't know what this rapid growth is due to, maybe you will share important information in the comments below the idea?
In our opinion, before continuing the growth wave to t he next targets of $340 and $550 , the BCHUSD price should correct in the coming days.
And the $150-160 zone is a "tasty area" for buying BCH, of course, if you believe that the project has been resurrected and has great prospects.
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Is BCH going to surge?In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15.
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There are a few target price levels to watch:
196.30
210.65
222.10
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Looking at the smaller timeframe chart:
BCH has the possibility of experiencing a short-term pullback, with support in the range of:
154.55~169.00.