First krack at trading on KrakenDonchian Channel Suggested a possible bullish move, secondary confirmation agreed, went long at 0.03017 and captured a nice up move. I took off 50% of my position at 2x ATR to lock in some profit. I moved my Stop Loss to Break Even and currently letting my remaining half run with a trailing stop of about 1x ATR.
Nice trade so far, at least locked in a small winner and we'll see what happens with the remaining half.
BCHBTC trade ideas
Wing Trade in Bitcoin CashBitcoin Cash recently breakout an important downtrend line which came from 2018 but it still need to cross the resistance of 0,0326. Base on this, we are bullish on BCH.
Unfortunately we did not get the opportunity to buy at the crossing moment, however if the price goes up to 0,0326 and after a pullback to this support level, there will be an excellent moment to put BCH in our wallet.
Best regards, Sandro and Gustavo.
BCHBTC Short Position Target Achived within few DaysBCHBTC Now Trading bellow 0.029 BTC.
And I told you many Time for Short at 0.03150 BTC
and Price exactly hit Our Target point and our position entry filled.
My entry was 0.03146 BTC and now I closed my 70% position.
still looking bearish BCHBTC.
my Target for BCHBTC is 0.025BTC.
but keep in mind one think.
if 0.025 BTC level break down then free fall till 0.020 BTc.
I will buy here for new entry if follow this chart.
otherwise I will update you each and every Scenario.
BCH/BTC TA Update (Temporary Top?)BCH/BTC
BCH reached the target zone and now facing a potential pullback to retest on previous resistance to turn into new support between 0.02929 - 0.02838 regions.
After BCH reached overbought condition after quite some time, the price immediately reacted and reversing back to a normal level.
BCH may have to consolidate and find new support to continue its uptrend in the mid-term.
Bitcoin Cash (ABC) Mapped Out W/ Long-Term Targets To 1400%+Good Friday my fellow cryptocurrency trader.
Here I have the Bitcoin Cash ABC (BCHBTC) chart for you on the daily and weekly timeframes.
The main chart above is the daily (D) timeframe
On this chart, we can see that BCHBTC hit a low in Mid-July '19. This same low has been maintained.
BCHBTC has been consolidating trading sideways since then.
EMA10 is now being challenged and a strong bullish move can follow next. This is based on market cycles, experience and early signals coming from the charts.
Strong bullish divergence can be spotted with the MACD and RSI.
Now let's continue with the weekly (W) chart for Bitcoin Cash ABC (BCHBTC):
Notice that the late December '18 support has been hit. When this level was hit last year it led to a 185%+ bullish move. BCHBTC is now trading within these same levels.
On this chart you can find the main Fib. targets as well as the All-Time High profits potential projections.
This will be all, for now, to keep it simple.
Remember that we are active with this pair with leverage as well with an easy target of 111% potential profits, you can find the chart below:
Thanks a lot for reading.
Namaste.
Bitcoin Cash BCHBTC Technical AnalysisBitcoin Cash btc pair Bullish before some days.
And 21% Up within last Week.
why it was pumped.
Because in daily candle Cup and Handle pattern work very well.
And still My Target of Bitcoin cash is 0.03150-0.03250BTC.
if this happened then I will short from there.
And My Target will be 2%-4%.
mean 0.02850-0.02900BTC.
Keep an eye on Chart and Also eye on MACD and RSI.
I will share my all update on Twitter instant.
and BCH now First coin Breakout upward side.
New crypto king around the corner?Hello Traders!
Bitcoin Cash become more and more interesting for me... After accumulation phase now he has a chance to get out from range market and attack important targets. Succesful kumo breakout followed with chikou can make a way for some new uptrend, RSI confim that the move is strong.
levels to look for:
* 0.033031
** 0.030694
Roger out.
BCH/BTC TA Update (Bullish Trend-change?)BCH/BTC
BCH broke bullish after trading outside the trend-line resistance. We can see an EMA cross of 12 & 26 on the Daily time-frame.
This will signal an early sign of momentum change to the upside. I expect BCH to cool down a bit as the price is extended during its breakout.
A retest of the EMAs and immediate support between 0.382 and 0.236 regions.
RISK BCHBTC 2020, What will happen to the MARKET ? just wait I think BITCOIN will up and down for half year before up again, just see or do it now
Market GOOD for day TRADE
BCH/BTC TA Update (Painting a Bear Flag?)BCH/BTC
BCH broke the support area between 2690000 - 2630000 sats and currently struggling to get above the old support.
If Bitcoin Cash is unable to get above 270000 sats, I expect further downside to retest the old swing low at 240000 sats regions.
Though RSI is too extended below oversold conditions, we might see a pullback to the upside.