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Bitcoin Cash (BCH) WCA - Rectangle Company: Bitcoin Cash Ticker: BCH Exchange: Binance Sector: Cryptocurrency Introduction: Hello, and thank you for reading this analysis. Today, we are examining the weekly chart of Bitcoin Cash (BCH) on the Binance exchange. Our attention is drawn to a consolidation phase that is taking the shape of a Rectangle pattern, suggesting potential reversal from the previous downtrend. Rectangle Pattern: The Rectangle pattern is a period of consolidation where price moves within a well-defined horizontal channel, bounded by clear support and resistance levels. In this case, the pattern is 10.8 months old and could act as a bullish reversal pattern, indicating a potential end to the previous downtrend. Analysis: The previous trend for BCH was clearly downward, indicated by the blue diagonal resistance line. Now, we seem to be in a consolidation phase, with the price oscillating between the upper boundary at $148 and the lower boundary at $95.4. The 50 EMA (Exponential Moving Average) suggests that we are not currently in a bullish environment. Therefore, careful observation is recommended over active trading at this stage. We cannot predict the direction or timing of a potential breakout, but we can prepare for any possible outcomes by closely monitoring the price movements. Conclusion: The weekly chart analysis of Bitcoin Cash (BCH) reveals a Rectangle pattern, which could suggest a potential bullish reversal in the future. As always, diligent monitoring and risk management are crucial when considering any investment or trading decision. Please note, this analysis does not constitute financial advice. Always conduct your own research before making any investment decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
by KarimSubhieh
Bitcoin Cash BCH price try to rise while crypto market "frozen"?Today we want to focus your attention on the global chart of the BCHUSDT trading pair. It was a "very hot summer" in August 2017: the altcoin season was in full swing, and then there was the first historical BTC fork, which resulted in bitcoin holders receiving free BCH 1:1. All of the following eight BTC forks that were realized on "the hype" with an obvious speculative purpose have long been forgotten by history. And the coins that resulted from the BTC fork are worthless and are not needed by anyone. After the fork, the BCHUSDT price soared to $4200-4400 on various exchanges. And then the success story of BCH melted away against the background of other cryptocurrencies. While BTC was able to grow 20 times in value during 2019-2021, the price of BCH could not even rise to half of the ATH rate. On November 15, 2018, the Bitcoin Cash blockchain was split (hard forked) into two branches - BCHABC and BCHSV. There was also a lot of contradictory information about one of the biggest supporters and organizers of the BCH fork, Roger Ver, although we haven't heard from him something interesting or extravagance for a long time. Now about the BCHUSD chart For almost a year, the BCH price has been moving in the range of $100-150 And we would continue to ignore this long-forgotten project, BUT: Yesterday, when the cryptocurrency market was in a narrow consolidation, the price of BCHUSDT jumped up +12% and closed the trading day with a powerful green candle. The related coin BSV gained +50% on the day. What happened in the projects that they decided to pump their price while the market is in uncertainty? Please share your thoughts in the comments. If a miracle happens on the market and the BCHUSDT price is fixed above $150, on the chart shows all the levels where it would be good to sell your BCH. Here everyone should look at their deposit, where they bought BCH, and where it is profitable for them to sell. The levels from the top for selling are $250, $340, and $550. The most positive and super unlikely forecast for Bitcoin Cash price growth is $900 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
23
I like to keep it Long, simple and boring. BCH On the last Cicle I was able to get in on BCH at HKEX:80 EVEN THOUGH every single influencer and youtube were betting against it. The Token KILLED it wtih 1500% gains. I know everyone wants 5,000,0000 % returns and if not then the token isnt work it. Blackrock Stated the like open source, decentralized and permissionless tokens and CHATGPT gave me the top 10 (BCH within them): Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency. It is completely decentralized and operates on an open-source protocol. Anyone can participate in the Bitcoin network without needing permission from any central authority. Ethereum (ETH): Ethereum is a decentralized platform that enables the creation of decentralized applications (dApps) and smart contracts. It is also open-source and permissionless, allowing anyone to build on top of the Ethereum network. Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency that is based on the Bitcoin protocol. It is also open source and decentralized, with no central authority controlling the network. Dogecoin (DOGE): Dogecoin is a cryptocurrency that was created as a joke, but has gained a significant following. It is open-source, decentralized, and operates on a proof-of-work consensus algorithm. Monero (XMR): Monero is a privacy-focused cryptocurrency that is designed to be completely anonymous. It is open source and decentralized, with no central authority controlling the network. Bitcoin Cash (BCH): Bitcoin Cash is a fork of Bitcoin that was created to address some of the scalability issues of the original Bitcoin network. Like Bitcoin, it is completely decentralized and operates on an open-source protocol. Cardano (ADA): Cardano is a third-generation blockchain platform that aims to provide a more secure and scalable infrastructure for decentralized applications. It is also open source and decentralized, allowing anyone to participate in the network. Stellar (XLM): Stellar is a decentralized platform that enables the exchange of digital assets and cross-border payments. It is open source and permissionless, allowing anyone to use the network to send and receive funds. Dash (DASH): Dash is a cryptocurrency that is designed to be fast and efficient. It uses a two-tier network that allows for instant transactions and also provides additional features like private transactions. It is open source and decentralized, with no central authority controlling the network. Zcash (ZEC): Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to ensure the privacy of transactions. It is open source and decentralized, with no central authority controlling the network.
COINBASE:BCHUSDLong
by COCKSUCKERS
BCH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BCH/USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin cash (BCH) was another notable gainer to start the week, as the token moved to a ten-day high. BCH/USD hit a peak of $129.15 on Monday, a day after the price was trading at a low of $120.54. This rally sent BCH to its strongest point since March 24, when it rose to a peak at $132.05. Earlier gains have since slipped, as the RSI collided with a ceiling at the 51.00 mark. Currently, the index is tracking at 50.59, following a rally from a support point of 47.00. Overall, bitcoin cash is now up 5.78% from the same point last week. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
Bitcoin - Can You Fade the Bear Trap for $34,000?It's very dangerous to be bullish on digital currencies. Although the idea that there's some kind of "decentralized" alternative to the central bank fiat and credit card system of monetary control is very romantic, the reality is that mining cartels, which are heavily concentrated in the hands of entities associated with the Chinese Communist Party, run the game. BTC's development is also centralized in the hands of a corporation. Sure, you can fork, but only the main branch is ever going to be recognized by all the miners, exchanges, developers, and the media. Nobody is going to list your forkcoin, and no one on Wall Street is going to set up a futures market or an ETF around your forkcoin. This is how it is. In reality, Bitcoin has, since before it was worth much, been in the grasps of a multi-year co-opt, control, and demolish program that is about to come to the final moment of its demolish phase. The idea is to replace your "legacy" crypto with the much more widely adopted and chic U.S.-backed Central Bank Digital Currency that will underpin the future CCP-emulating social credit system that revolves around rationing and lockdowns "because saving the world from climate change." For humanity, this is a kind of "reaping what you sow" retribution for decades of failing to reject and eliminate the CCP's Marxist-Leninism and the atheism and degeneracy that come with making yourself a slave to the red regime and failing to tell good from bad and right from wrong. Bitcoin and Ethereum will exist for a long time after this happens, but you're going to see prices like $90 ETH and $750 BTC again, and they won't be buys for the next moon mission. There isn't going to be another moon mission. The top is already in. All you have left are bear market rallies. Even the Universe you're living in one day comes to an end, let alone the first generation of digital currencies that only exist on the computer and were a false prophet that never, at all, intended to "save you" from anything. Monthly bars show that Bitcoin's second run to $65k and its following behaviour is indicative that we are far, far into a Bump and Run Reversal pattern. This means that $65,000 was the all time high, and is never coming back. You might not like to hear that. But what a person doesn't like to hear is usually exactly what they need to hear. The October-November-December dumping-consolidation around $17,000 was also telling. Bitcoin had significant price levels it should have cleared out at $15,000 and(or) $12,000 if a bullish accumulation was to be identified. The fact that the market makers left this range of a gap and then bounced it back to sweep the August '22 highs tells me that we're going up, for the ultimate purpose of going down, forever. Weekly bars show us this $25,250 sweep of the August highs and scissor bar pivot is now concrete. The top of the bullish order block, which is composed from monthly bars, also happens to be right where the daily pivots where sell stops sit under resides. A clever arrangement by the MMs, indeed. This is a really noticeable area, and gives you a nice short from $23,000 if you can keep the leverage low and fade the weekend chaos, and an even better place to go for a long. Think about it, when the market sees prices that are $19xxx again, everyone is going to "have confirmation" that "we're going down" because Tether, because Binance, because Nexo, Because Silvergate Bank, because Signature Bank New York, because Circle, because Elvis. You know, all the things you hear from the effete leftists on Twitter and Reddit will appear to be finally coming true. But they aren't. It's too early for that. Really, just because the overarching narrative is highly bearish. In equities everyone is expecting a 3,300 point SPX this early in the year, more or less just because the Federal Reserve is going to hike interest rates for a few more months. Also "because channel." This so-called "technical analysis" stuff gives a lot of convincing ways to lose money. You're dealing with a psychological "story" on the markets at large, both bearish and bullish, that doesn't make a lot of sense. So what I propose is about to happen is that the MMs will sweep the $20,000 level and you might see a number as good as $18xxx. This will get longs to capitulate and trap a lot of bears who go hard leveraged short. I expect the bounce to unfold around the second half of March. After that, the target is $34,000, which is a healthy sweep of the $32,000 level, determined by monthly bars. I expect this to manifest around June or July. This gives you an 83% trade long with a time horizon to manifest of only a few months. The key thing is, you need to sell, and never go long on Bitcoin or digital currencies again, if you see this unfold. What comes next are widespread market crashes that come from the Fed cutting off fiat banks from crypto transactions and the U.S. Treasury putting the boots to every single stablecoin, which also means that Tether will finally be taken down by the DOJ. First comes $15,000, then $12,000, then $9,000. This time, you might not see a bounce from $9,000 for a few months, and when you get one, you'll only get fleeting sweeps over $10,000. This is the situation. Everything comes to its fated end, including the Universe whose air you're relying on to breathe right now, so it's foolish to think that Bitcoin is any different, and it's foolish to think that the "new paradigm" of $25,000+ BTC was going to last. Seriously, you can buy a pretty nice car for $25,000 USD. Why would anyone who lives in the real world trade that much money for "1 BTC" that only exists as a digit on a wallet app? This is only what the people who are trapped on Reddit and Discord and aren't working real jobs in the real world with healthy mainstream people believe to be true. Everyone who lives in reality thinks digital currency is total vaporware. If the public is going to be interested in digital currency, it's going to be because it has the backing of the Fed, the Treasury, and all the corporations that Blackrock, Vanguard, JP Morgan, Citibank, Bank of America, Wells Fargo, etc, happen to have significant ownership of. So, you get a trade. Very short term, the target is bulls. Short term, the target is bears. Medium term, bears are going to get liquidated, and hard. Once everyone is bullish again, that's when the guillotine drops.
by LordWrymouth
6
BSV/USD Long term outlookHow BSV does 100x (LENGTHY BUT WORTH IT) - Courts in favor of accepting Craig Wright on lesson in freezing BSV , BTC and even all of crypto addresses and recovering process - Normies finding out on BSV utilities - Oridinals on BSV - 1 billion TX daily stress test - Hodlnaut defamation (probably lose again, doesn't matter) - Bitcoin copyright win - BSV rebranded to who knows, possibly Bitcoin - CBDC on BSV? Possibly - Strong accumulation pattern - Copa case victory - Craig Wright finally recognized as Satoshi Nakamoto by courts and worldwide - BSV gets regulated and listed as Bitcoin - 100x How long? Could take years (2025) until it all plays out, if not all then some at least. Next halving could get interesting This is what I see in the charts so it's not financial advice! Good luck to you all on this bumpy journey Ignore the noise, keep your eyes on the prize.
Long
by Youtrade1
2
✴️ Bitcoin Cash Next Target Mapped Series ($180 - $213 Next)Bitcoin Cash is looking good and we have two targets for this one. The first stop should happen relatively fast and that's around $180. The last target for this wave can happen around $213. Now, this is just the potential target and these markets are "unpredictable" or hard to predict. One can always predict the direction with a very high level of accuracy but it is hard to predict timing and exact targets. You can use these levels as reference points. This information is not to be construed as financial advice. I am sharing my opinion, views and experience with you with good intentions. Remember that there is always risk involved when trading. Make sure to do your own research and plan ahead of time. I am wishing you great luck, huge success, wealth & health. You deserve the best, now & always. Your support is highly appreciated. Namaste.
Long
by MasterAnanda
1