Bitcoincash
BCH-BTC 10-30%Hello, thank you for your time.
Bitcoin Cash has once again broken out of support around 247-248.
The price reduces the volatility and resembles a compressive spring, forming a triangle. If it breaks up, the first target will be the top of the triangle around 277-280, which is about 10%. The next target is in the area of accumulation of horizontal volume 335-345. The break-down of the triangle will be hindered by the trend one, which in case of the break-down and confirmation will turn into support.
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Bitcoin Cash (BCHZ19) with Leverage (128% on 7X lev.) | TradeThis is our full trade for Bitcoin Cash (BCHZ19) with leverage.
This is for advanced/experienced traders only.
This is not financial advice.
______________________
Trade: LONG BCHZ19 (Bitcoin Cash)
Leverage: 7X
Buy-in: 0.02700 - 0.02750
Targets:
1) 0.02830
2) 0.02920
3) 0.03000
4) 0.03133
5) 0.03233
Stop-loss: Close daily (D) candle below 0.02580.
Liq. price: 0.02450
(Buy-in calculated at 0.02730)
Potential profits: 128.94%
Capital allocation: 7%.
______________________
Thanks a lot for your continued support.
Remember to hit LIKE if you want to see more of these BitMEX (leveraged) trades.
Namaste.
BCH/USDBCH/USD(Bitstamp)
As mentioned in the previous article last week, Bitcoincash has been under correction(dropping) and it dropped further 20%+ since last week.
Bullish Case:
After surging 200%+ in the mid of December, It has dropped 50% at the time of writing.Though such drop is usual after such price surge but it need to holds $123-$109 price level to continue bullish momentum.Bullish confirmation will be when it breaks $220+ level in the coming days/weeks with a target around $350+ price level
Bearish Case:
If it doesn't hold the $123-$109 then it will slightly bearish for the asset and we might see the price fall below $100 in the coming days/weeks.
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.07810 to 0.06515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.07810)
Ending of entry zone (0.06515)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @0.0905
TP2 = @0.0980
TP3 = @0.1075
TP4 = @0.1210
TP5 = @0.1330
TP6 = @0.1480
TP7 = @0.1770
TP8 = @0.2010
TP9 = @0.2440
TP10 = Free
There is a probability of resuming the uptrend in BCHUSD Midterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased.
While the RSI uptrend #3 is not broken, bullish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (400.0)
Ending of entry zone (279.8)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @497.75
TP2= @637.00
TP3= @748.60
TP4= @832.10
TP5= @945.70
TP6= @1148.10
TP7= @1292.20
TP8= @1610.45
TP9= @1773.75
TP10= @1986.65
TP11= @2890.00
TP12= @4088.05
TP13= Free
There is a possibility of the beginning an uptrend in BCHBTCMidterm forecast:
. While the price is above the support 0.0655, beginning of uptrend is expected.
. We make sure when the resistance at 0.0980 breaks.
. If the support at 0.0655 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 0.0655 is broken.
Technical analysis:
. The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
. The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 74.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.08800 to 0.07650), if so, we would set orders based on Price Action and expect to reach short-term targets.
. Beginning of entry zone (0.08800)
. Ending of entry zone (0.07650)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0980
TP2= @ 0.1075
TP3= @ 0.1210
TP4= @ 0.1330
TP5= @ 0.1480
TP6= @ 0.1770
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 78.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (400.0)
Ending of entry zone (279.0)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @497.75
TP2= @637.00
TP3= @748.60
TP4= @832.10
TP5= @945.70
TP6= @1148.10
TP7= @1292.20
TP8= @1610.45
TP9= @1773.75
TP10= @1986.65
TP11= @2890.00
TP12= @4088.05
TP13= Free
A trading opportunity to buy is near in BCHETHTechnical analysis:
. BITCOINCASH/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (1.71 to 1.62). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.71)
Ending of entry zone (1.62)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.90
TP2= @ 2.00
TP3= @ 2.23
TP4= @ 2.73
TP5= @ 3.23
TP6= @ 3.72
TP7= @ 5.30
TP8= Free
Bitcoin cash 9.8 % returns take profitits an analysis just touched down the.618 golden fib level .possible uptend or sideways while writing its holding up the resistence and if an upside move we could initiate this pattern for an uptrend ,have a nice day gentile men .wait for the upside confirmation
$bch bitcoin cash looking for a support at 0.06594. $bch bitcoin cash looking for a support at 0.06594. from there you may go long .for target please follow me.
Continue on a second chance to buy in BitcoincashMidterm forecast:
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
Technical analysis:
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 40.
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trading suggestion:
*We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
*If the Midterm level 0.1210 is broken, we will close these trades.
*Price may also reach 0.1210, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This is depends on personal strategies.
Total Profit: 40480 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 11154 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.12897(current price) - 0.09179(open price) = 3718 pip
3 trade(s) still open, therefore total profit for open trade(s) is 3718 x 3 = 11154 pip
There is a second chance to buy in Bitcoincash...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.1210) .
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
. The RSI bounced from the support #1 and it prevented the price from more losses.
. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
Total Profit: 45790 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 16464 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 04.16.2018
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.14667(current price) - 0.09179(open price) = 5488 pip
3 trade(s) still open, therefore total profit for open trade(s) is 5488 x 3 = 16464 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
A Second Chance to Buy in BCHUSD ...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 832.10 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 35 and it prevented the price from more losses.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 39.
Take Profits:
TP1= @ 748.60
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free
Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.
Total Profit: 331814 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 151884 pip Profit
Closed Profit:
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip
Open Profit:
Profit for one trade is 1007.60(current price) - 627.89(open price) = 37971 pip
4 trade(s) still open, therefore total profit for open trade(s) is 37971 x 4 = 151884 pip
A Second Chance to Buy in BCHUSD ...New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 1292.20 is not broken, the Midterm wave will be uptrend.
Price may also reach 1292.20, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 1292.20 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 66.
Total Profit: 571894 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 391964 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.
Closed Profit:
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip
Open Profit:
Profit for one trade is 1607.80(current price) - 627.89(open price) = 97991 pip
4 trade(s) still open, therefore total profit for open trade(s) is 97991 x 4 = 391964 pip
Take Profits:
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free
If you missed our first HUNT, you may want to check this!New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support lines (0.1610) & (0.1480), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Midterm forecast:
While the level 0.1480 is not broken, the Midterm wave will be uptrend.
Price may also reach 0.1480, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 0.1480 is broken.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 70.
Total Profit: 52816 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 23490 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.17009(current price) - 0.09179(open price) = 7830 pip
3 trade(s) still open, therefore total profit for open trade(s) is 7830 x 3 = 23490 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
Bitcoin Cash (BCC)/BTC - BITTREX - 1 Hr Chart AnalysisPrediction:
It may go down till 0.08432900 btc
If it again bounce back at the resistance
May reach - 0.12Btc or even high
After reaching resistance if it goes down further
Then its expected to form "M" structure and can fall till - 0.05669000 Btc