Bitcoin Cash (BCH) - March 11

Mar 11, 2021

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You should watch for any movement that deviates from the 494.98110330-600.59767260 section.
In particular, it remains to be seen if it can rise above the 574.28197715 point.

If it falls at the point of 435.40010001, a Stop Loss is required to preserve profit and loss.


When a full-fledged rise begins, we have to see if other major coins also rise.

If the major coin rises, the price of general altcoins may temporarily decrease, so careful trading is necessary.

I think that if the major coin rises, it will wrap up the current trend and create a new trend.
Accordingly, we need to prepare for the upcoming new trend as the BCH price surges.

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(Binance BCHUSDT 1D Chart)

It remains to be seen if the volatility between around March 11th and around 21st will lead to any movement that deviates from the 485.99-713.90 range.
In particular, it remains to be seen if it can rise above the 599.94 point.
If it falls between 448.01-485.99, Stop Loss is required to preserve profit and loss.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)