Bitcoin Cash (BCH) – December 6 (with 1W chart) for BITTREX:BCHUSDT by readCrypto — TradingView


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(1W chart)

If you look at the trend from the week of December 17, 2018 to the present,
Movement came out in the 79.10401598-520.0 section.

However, looking at the flow from the week of March 16, 2020 to the present,

Movement came out in the 147.82760771-370.0 section.

Sideways in a certain section is a movement to keep the price, so I think it is a good trend.

However, it means that the waiting period will increase.

No one knows how long this waiting period will be.

However, in order to turn to an uptrend and create a new wave, it needs to be supported above the 454.59999980 point.

As long as you wait, it is difficult to obtain profits due to stagnant funds over a period of time.

You have to think about it according to your own investment method.

(1D chart)

We need to see if we can break above the volume profile section of the 278.26196606-293.00097721 section and climb along the uptrend line (4).

If it falls at 278.26196606, it is a short stop loss.

If it falls in the 209.23112174-230.18881201 section, a Stop Loss is required to preserve profit and loss.

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** 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 trading. You should trade from a short-term investment perspective.)


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