One day analysis of BCHUSDTWe are still on an uptrend and looking for a long position now. The current price could be an entry point with aggressive trading while more conservative would be a pullback to 303~313. Since we've seen that area has acted as resistance many times before and when we are looking for a long trade on an uptrend, it should be taken as a reference. Another thing that deserves to be noted is the U.S just had its state of union Address and war is still unclear for how much impact it would have on the Crypto market. In long term, it still has a more positive effect on Crypto development.
BCHUSDT.P trade ideas
BCHUSD : There is a potential double bottom in day chart!On the left side is the 4h timeframe
The price hit the TP1 : 342.4 and the next TP as below
TP2 : 349.6
TP3 : 364.9
On the right side is the day chart
If the price hit the TP3: 364.9 and stand firm ,that will make the potential double bottom confirm!
And the TP as below
For day chart
TP1 :390.7
TP2 :402.1
TP3 :426.4
TP4 :455.8
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BCHUSDT Market Analysis With yesterday's rally up, (Mainly because of the sanctions that the west put on Russia, RUB/BTC trading volume surged).
Influenced by this move, BCH also successfully stood above resistance, and now our next target would be 390. It is worth noting that the U.S. Department of the Treasury has issued new rules prohibiting Americans from providing any support to Russian oligarchs and entities, including through transactions using digital currencies or crypto assets, this rule will come into effect on March 1.
So if this round of rallies is mainly because Russia is using crypto as a safe haven asset, then it's unlikely to cool down in the next few days until crypto exchanges implement more sanctions rule on Russia.
One day analysis of BCHUSDTThe next support zone is 290-295 with a lot of frequency. The market has used this zone as support and resistance multiple times in the past. This area is extremely likely to move the market. In this case, I would consider this level as a potential entry point in a lower timeframe. If the market didn't head down, instead, it reassembles the buying power, therefore, the target again is to stand above the resistance zone, I would like to see another rally up to 323.
One day analysis of BCHUSDTPerfectly rebounded from the support zone again and the price started to cross above MA lines. From 1 day chart, there's a big green candle with a high lower wick which shows there's still a lot of people who are buying at the moment and shows some confidence towards the market. The best situation is price keep heading up to the previous high (around 352).
One day analysis of BCHUSDTStill holding on to our support zone now, but the situation is getting harder, the global market keeps falling still caused by political tensions and any movement could lead the price to eventually break to the downside. Since the situation is highly unclear now, this could be a chance for cryptos. To some extent, Russia's organizations could use crypto to avoid the western economic transactions which would boost stable coins' trading volume
BCHUSDT Market AnalysisAn expected rebound with an expected resistance above the head. so there could be two situations: the price will form a lower high just in the current candle then head down to break the support (260~270). or we will find a midpoint between the support and resistance which form a narrowed waving range 288~305 with low volume which I think would be more likely to happen, then try to conquer the resistance (305~315)
Analysis of BCHUSDTSeems like It's inevitable to test 260 again now. As we can see in the chart, the market keeps heading down and we barely see buying power. A big reason for the market fall should be the recent tension between Russia& Ukraine. Global stock indexes and U.S. futures fell. Futures on the Nasdaq-100 index stood 2.1% lower, while those for the S&P 500 dropped 1.4%, therefore cryptocurrencies come under pressure too. Yesterday was Presidents Day and this sell-up happened in the morning. In the near future, cryptos price would also be highly related to the political situation while the situation remains still unclear, the market is unlikely to have a positive turn.
Bitcoin Cash how to earn guaranteed x3On the chart, I put the line at number one, this is the line that would allow past investors to earn money guaranteed by waiting for the price equilibrium. The current equilibrium is on the line designated under number 2, buying now and waiting for the price to go to that point, we are guaranteed to make a profit. In this case, only delisting of the coin and nothing more can interfere
One day analysis of BCHUSDTThe chart doesn’t look good. But if we analyze the volume carefully, we will find out that the buying power actually didn’t fade too much, which means there’s a slowly continuously buy activity. Plus with this rebound, the price do stand above to MA50 which is another good signal.
Bitcoin cash seems to complete ABC correction.Ready for 3rd waveBitcoin cash has completed ABC zigzag correction.Wave A was very deep whereas the wave C was shallow and ended as an endng diagonal which also signifies end of downtrend.Price below 254 will invalidate the wave count.Seems like we will soon see big impulse wave 3 breaking all time high....
One day analysis of BCHUSDTBlitz Bull: both long-term and short-term charts show we are in the uptrend. So inevitably the market will need to overcome the previous double top thus leading a stable raise.
Blitz Bear: Since the 20th Jan's free fall now the rebound has gain back 2/3 in the peak time. If we fail to break 343 to the higher price then its likely a new round of downtrend will start.
BCHUSDT Analysis (perspective a couple of months)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 350 - 450 - 550
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
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BCHUSDT Market AnalysisBlitz Bull: With the lower timeframe started entering an oversold zone, the market has cooled down for the downtrend, more importantly, the previous support is still solid so it’s likely we’ll have a reversal.
Blitz Bear: Since the double top, we have formed a lower high thus the next step would be breaking the previous low and creating a lower low.