Shorterm Bullish Cycle started for BitcoinCash!

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Avatar for Khant
Written by
4 years ago


I saw this coming as I published BCH Long Idea on my TradingView at 240$ but I got busy and couldn't write about it before it broke out from local resistance.
https://www.tradingview.com/chart/BCHUSDT/lNLO94t6-Incoming-BCH-shortterm-pump-to-260-zone/


So what is next for BCH?


This is the 1D chart of BCH /USDT where we can see volume spike in today candle with breaking above fractal resistance (243.31 USDT).Daily Candle will close in 4 hours ,so it must remain above 243 or otherwise it will be a fake out candle.

If BCH can maintain above 243 then nearest resistances are 258-265 USDT.
So where would I suggest buying the pullback?
Buy around 244-246 USDT
After that,there is one thing that's almost certain which is it will hit the red box(260-265 Zone).

I know these targets are too undervalued for most of us here.This is just for short term price analysis .So for midterm holders,270 USDT must be broken to reach the next resistance 304 USDT .


For Longterm (1st resistance being 500 USDT) price Analysis ,please read my other article here.

BCH/BTC

Long story short , main resistance being at 26500 satoshis.If BCH can breakout that resistance then it will go as the arrow described.

Also another confirmation for this arrow path.

It's now above 50 EMA(Red) and Baseline resistance of Ichimoku Cloud.
Breaking above 33000 sats can lead to massive breakout up to 45,000 sats.

Here is why
BCH/BTC

33,000 sats being the red box area which defines the Cup and Handle formation similar to ETH I have signalled before the pump in my other article here .

ETH/BTC


So in conclusion,I believe that BCH's market cycle has started to become bullish.Good days ahead for BCH community.

That's all I wanna share for now.Please ask me anything if u got any questions/share me ur thoughts.

Thanks for Reading.


Read.cash Communities

All About Crypto ;https://read.cash/c/all-about-crypto-0c1c

Crypto Trading Analysis/Fundamental Analysis:https://read.cash/c/crypto-trading-analysisfundamental-analysis-d43f

Football :https://read.cash/c/football-97db

If you want more of these setups,follow me on tradingview where I usually posts charts there https://www.tradingview.com/u/tikyikhant/
Join our Whales Trading Discord Group.(Yes it is free for all)

Read.cash Communities

All About Crypto ;https://read.cash/c/all-about-crypto-0c1c

Crypto Trading Analysis/Fundamental Analysis:https://read.cash/c/crypto-trading-analysisfundamental-analysis-d43f

Football :https://read.cash/c/football-97db


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Avatar for Khant
Written by
4 years ago

Comments

iys very infirmative and expounded

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4 years ago

Thank you for ur kind words

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4 years ago

https://www.tradingview.com/x/5tvRYSon/ WE MOVEEE! It's happening!

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4 years ago

Thank you so much for the information. If it will going to be true. Then a good news for BCH community

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4 years ago

Guys join the communities I created and trading discord(get the link in post)

Read.cash Communities

All About Crypto ;https://read.cash/c/all-about-crypto-0c1c

Crypto Trading Analysis/Fundamental Analysis:https://read.cash/c/crypto-trading-analysisfundamental-analysis-d43f

Football :https://read.cash/c/football-97db

$ 0.00
4 years ago

This is highly expected as the number 1 crypto, BTC is bullish presently so also major altcoins like BCH, ETH and LTC.

$ 0.00
4 years ago

I called every coin 3-7 days before they pumped -Bitcoin Could Retest 10,200-10,500 Again (Full Analysis)

-Shorterm Bullish Cycle started for BitcoinCash!

-ETH At Final Resistances Before THE MOON!

-Big Volatility Ahead For Crypto Markets !Remontada Season For Late 2017?

These are the names of articles I wrote 3-7 days before they pumped so that does not apply to me as expecting BCH pump because of BTC as I also called BTC at 9200

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4 years ago

INJECT IT!!!! http://prntscr.com/tq4ntq

We're now at 2nd resistance

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4 years ago

Thanks for sharing this article

$ 0.00
4 years ago

you're welcome

$ 0.00
4 years ago

I like your style. More of this please

$ 0.00
4 years ago

XDDDD ur comment makes me motivated,thought ppl dont appreciate it

$ 0.00
4 years ago

I do appreciate it. You keep doing this good works.

$ 0.00
4 years ago

This is really cool

$ 0.00
4 years ago

Its nice and informative bro, thank you for Publishing

$ 0.00
4 years ago

:D glad it was helpful

$ 0.00
4 years ago

☺☺☺☺

$ 0.00
4 years ago