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BCH/USD LONGBCH /USD LONG **Still waiting for entry** This is literally the exact opposite trade to the idea I posted two days ago - which would've played out great if I had held strong with diamond hands. Lesson learnt. Here are my reasons for looking to enter a long position on BCH /USD. The confluences for my entry: ✓ Holding at a key level of support ✓ Double bottom with May low ✓ TD 9 printed on 2hr candle ✓ Higher volume has been entering at these lows ✓ Stochastics crossing upwards - exiting the bearish control zone ✓ Krown Stochastic indicating a buy signal ✓ RSI momentum heading out of bearish territory into neutral Concerns; We are still in a strong downtrend on most timeframes. Will manage risk at EMA and Fibonacci levels. I will enter a long position with a stop loss below the wick of the reversal candle/ TD Sequential 9 after a green TD1 confirmation candle next. ** this is not financial advice **
KRAKEN:BCHUSDLong
by samfregonese
BCHUSD Longs are at record ATH and growing, but why?Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link: smartbch.org And to my surprise, a smart chain is being developed for BCH and the test net is live since April 30th. If you are Bitcoin Cash fan, you'd say I was living under the rock for now knowing about this. And you're right, I am not a BCH fan. But this fundamental news about BCH smart chain got my attention. Is it time to jump onboard? Well, I will keep an eye on it... but not sure when the time is right to jump onboard in this blooded market unless a breakthrough announcement is made or BTC shows some strength. If you have any fundamental info about BCH or SmartBCH, kindly share it below. Thank you in advance.
BITFINEX:BCHNUSDLONGS
by eBlockChain
🚀₿𝙞𝙩𝙘𝙤𝙞𝙣 𝘾𝙖𝙨𝙝 at a crossroads ... 🤷‍♂️●● Mine scenario ● BCHUSD (COINBASE):🕐1D "Fig.1" The rise from the orthodox bottom of the triangle ④ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2) , supports this idea. Cancellation of the scenario and, as a consequence, activation of the alternative wave count, - upon the breakout of the orthodox bottom ④ , the level "invalid" .. ● BCHUSD (COINBASE):🕐4h "Fig.2" "Fig.3" Agree, the wave structure is extremely complex and its interpretation is ambiguous. Figures 2 and 3 show you two options for count, both of which are conducive to continued growth, the only question is: is the correction (2) formed or we are expecting a deeper rollback within the "black" count? From the level of $ 600 there was a recommendation for a long-position. Upon reaching the levels of $ 880-1020 , we may partially reduce the volume of the long-position and prepare for a price decrease within the framework of an alternative count. ●● Alternative scenario ● BCHUSD (COINBASE):🕐1D "Fig.4" The global alternative wave-count suggests a large triangle in the primary wave ④ , within which a three-wave advance of the sub-wave (C) is expected. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
COINBASE:BCHUSD
by TradeWaves-EWA