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BCH Price Still Has A Potential To Reach $6k AreaLike majority of mid cap projects BCH is forming very similar crashing pattern as BTC did in 2018. Of course 2018 btc crash happened with different velocity and curve, but price did have some kind of bounce and sideways movement as BCH had this time. If we extend fib. levels over 2018 bitcoin crash where level 1 sits at 2017 ATH and level 0 at the low, we can see that the price did first reach lo 0.618 retracement, then eventually crashed, closing the gabs above the low, only to have another breakout and pint point nailing level 4. fib. extension (69k). Time will tell very soon if BCH price will react to the same fib. retracement/extension levels, but if does, it would mean that the price would first climb just above 1k, then have an accumulation back below $200, then of to the races to 6k area where level 4 fib. extension level sits at. Imagine that, it would truly be an amazing alt season. Remember that time is irrelevant here and no one knows when things will happen or for how is anything gonna take to play out. We can only speculate price areas based on historical price movement. It is only a speculation, we need more time to really confirm all of this but when price is set for new ATHs after a major crash like this, it tends to react to above mentioned fib. levels. I am not a financial advisor so non of this should be taken as a financial advise. Be well.
Long
by AVA37
2
Big PUNCH In THE FACE OF OPEC+ BULLS ON POWER THE OIL PRODUCING COUNTRIES AND CARTLE MEMEBERS GAVE THIS ANSWER: BIG NO ,,PUNCH,, to the Europeans and non-producing oil countries who want to dictate them the Oil Price. It is a era of the colonilistic countries like Germany, GB, Belgium, Italy, France, Scandinavian and others is over. It is simply over. They are losing everywhere their financial-, economic-, and diplomatic powers. You have Oil? You dictate the price. It is as simple like that. Oil will climb back to $115 a barrel and a great way to play that rebound is Chevron Corporation (NYSE: CVX), says Rob Thummel. He’s a Managing Director at TortoiseEcofin. OPEC approves only a tiny increase in output His outlook is essentially based on the inability of OPEC+ to “meaningfully” increase its output and meet the continued surge in global demand. This afternoon on CNBC’s “Power Lunch”, Thummel said: We’ll see demand rise as China comes back online and people continue to fly. That will result in an undersupplied oil market. And what we know is that when inventories go lower, prices go higher. He’s convinced the global demand for conventional energy can withstand a mild recession, especially as the impact of Russian sanctions materialise in the coming fall. Despite the energy news on Wednesday, WTI Crude is at $91 a barrel at the time of writing.    Thummel explains why he likes Chevron stock Thummel likes Chevron stock down more than 10% from its year-to-date high for the dividend yield that currently sits between 3.0% and 4.0%. He’s also constructive on “CVX” for its continued investments in renewable energy. It has double the S&P 500 dividend yield. But more importantly, it’s providing more energy and less carbon. It’s made significant investments in renewable fuels. So, the changing supply source of energy could be a benefit to Chevron going forward. Last week, Chevron reported record profit for its fiscal second quarter on higher prices and said it will buyback up to $15 billion worth of its stock in 2022. Wall Street currently has a consensus “overweight” rating on the stock with upside to $179 on average, or about a 15% increase from here. Oil prices rebound on supply concerns after drop to near 6-month low We will see much more higher Prices in BCO and WTI: My estimation is between 185-250 in BCO and WTI. In Minimum. During the much-awaited OPEC+ meeting, member countries led by Saudi Arabia and Russia agreed to increase their collective output target by 100,00 bpd (barrels per day) come September. This is a drop in the proverbial ocean with producers catering to a global market of approximately 10 million bpd. Although a small or even no increase at all was in line with market expectations, analysts were surprised by the less-than-token improvement in the output ceiling, prompting some to interpret this as a deliberate attempt to humiliate the US. For instance, Robert Yawger, executive director of energy futures at Mizuho Securities, stated that this “is a slap to the face for President Biden.” This outcome would have been very disappointing for the President who made a special trip to meet with Saudi authorities last month. To add salt to injury, the OPEC+ decision comes a day after the US cleared $5.3 billion in missile sales to both the UAE and Saudi Arabia. Prices slide Prices were steady after the OPEC+ announcement, with Brent trading slightly above $100. However, with the publication of Energy Information Administration (EIA) data, prices have crashed by over 3%, with Brent trading at $97.3 and WTI as low as $91.2, at the time of writing. The EIA reported an unexpectedly large build in US oil inventories which rose by 4.5 million barrels for the week to July 29. Gasoline stocks were also up 200,000 barrels in the week ending July 29th, potentially reflecting a moderation in consumer demand as the US exits the driving season. As per market surveys, both these figures were expecting a drawdown, in line with the previous week, but stocks have surprised to the upside raising concerns of demand sustainability. American conundrum The US is tussling with four-decade high inflation rates and gasoline prices in excess of $5 across several major cities. The administration is desperate to ease the market tightness and bring down costs. An argument could be made that any increase at all would be deemed to be symbolic since the OPEC+ countries have long been struggling to meet their quotas in any case. With the onset of the pandemic in 2020, followed by a sudden drop in aggregate demand, laying-off of skilled labour, disrupted supply chains and chronic underinvestment in these countries, OPEC+ members simply do not have sufficient spare capacity to meaningfully increase global output. The only two countries that may have the ability to increase production sizably are Saudi Arabia and the UAE. For Saudi Arabia, this would be a challenging task due to many of the same reasons listed above, in addition to which, most untapped reserves are in “untested fields” and would take months to operationalize. Moreover, Saudi hydrocarbon law requires that any official increase in production targets be met for a minimum of at least 1 year. The Kingdom is unlikely to want to boost supplies significantly for such a lengthy period, as a deep recession is widely expected.  Ramping up production would only lead to cutting off windfall profits that member countries are presently enjoying. Lastly, the Saudi government would be unwilling to cross its Russian ally by hiking production targets too fast. Given the strict sanctions that the West has imposed on Putin’s Moscow, Russian export channels have dried up and a tight global oil market is supportive of Russian revenues for the time being
OANDA:BCOUSDLong
by DaveBrascoFX
1
Bitcoin Cash Huge Potential on 10X (1600%+)Here is Bitcoin Cash (BCHUSD), this is the same chart we shared a few weeks back. We are hitting the gas on this one as we see potential for massive growth. After the retrace that ended 13-July (Full moon), BCHUSD is now ready to grow. We are active with 10X of leverage. Disclaimer: Not for beginner, for experienced traders only. Leveraged trading is high risk and can result in liquidation. This is not financial advice. We are wishing huge profits and good luck. Namaste.
BITMEX:BCHUSD.PLong
by MasterAnanda
9
Bitcoin Cash UpdateWe chose Bitcoin Cash (BCHUSD) for you because it moves like Ethereum Classic, very strong with really big candles... So the potential is huge. When you add leverage like we did, then the profits go as high as the new moon. For this one, we visit our trade signal which is still active and at 395%+ profits... See it below: Bitcoin Cash Huge Potential on 10X (1600%+) | 15-July-2022 I hope you enjoy the articles, the trades & the content. Thanks a lot for your continued support. Namaste.
BITMEX:BCHUSD.PLong
by MasterAnanda
BCHUSDT: Good prospect for LongThe structure of medium-term wave levels on the BCH tells me that the decline from the level of $1,600 is probably over. On the smaller timeframe some initial momentum was formed in wave 1 or A, and at the moment the price is correcting in the anticipated wave 2 or B. It is possible that the correction has already ended and the price has already started to form the first upward impulse as part of wave C or 3. This is an excellent pattern that allows you to plan to open a long position with a remarkable risk to profit ratio of at least 1:5.
Long
by HurricaneCapital
Cryptocurrency Green Week (Market Cap. Will Hit 1.675 Trillion)Let's start with the altcoins first and I will explain my point at the bottom. Litecoin (LTCUSDT) - Above EMA50, high volume today. - Signaling green next week. Chart: Bitcoin Cash (BCHUSDT) - Full green candle today. - Trading above EMA21 and EMA10. - Signaling green next week. Chart: EOS (EOSUSDT) - Hits a new high today. - Trading above EMA50. - Signaling green next week. Chart: Ethereum (ETHUSDT) - We have a bullish flag. - High volume today. - Trading above EMA50. - The retrace did not hit any of the moving averages, this signals good strength. Chart: Cardano (ADAUSDT) - Trading above EMA50. - Same situation as the pairs mentioned above. The cryptocurrency market moves together... The major Altcoins move together... While we can see a doubtful/shaky Bitcoin chart, this is done on purpose because everybody's attention is on Bitcoin, so it can't be 100% clear what will happen next. So we get the doubt on Bitcoin but if we look deeper, other charts that are correlated are already moving ahead. My theory is that Bitcoin will grow because all these others are also growing and they move together/in groups. We already used this same thinking successfully before... 
See these two examples below with Ethereum Classic (ETHUSDT) and Polygon (MATICUSDT). Polygon 
 Ethereum Classic In the TOTAL chart we can see that the MA200 support holds. After an entire month of consolidation we get a hammer (reversal signal) and this week a full green candle... The rest is on the chart. Namaste.
CRYPTOCAP:TOTALLong
by MasterAnanda
6
Bitcoin Cash (BCH) - July 25Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BCHUSDT 1W Chart) Whether or not it can move higher than 202.7 is the key. To do that, you need to make sure you can climb above the 122.6-146.0 section. (1D chart) Primary resistance: 146.0 Secondary resistance: 174.8-202.7 Support: 106-122.6 We need to see if the price holds the price above the 60 SMA level. To do so, it needs to be supported in the 122.6-129.0 section or higher. - The Stoch RSI indicator is an indicator that can detect short-term fluctuations. - The rise of the CCI indicator is likely to show an upward trend from a mid- to long-term perspective. At the same time, when the Stoch RSI indicator and CCI indicator rise, more volatility appears. The opposite is also true. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
BCHUSD Potential for Bullish Continuation | 22nd July 2022 On the H4, with price moving in an ascending trendline and above ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 126.53 where is the swing low support to our take profit at 131.4, where is the swing high. Alternatively, the price may break the resistance structure at the buy entry and drop to the stop loss at 119.00, which is in line with the 38.2% fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:BCHUSDLong
by Rockqet
Bitcoin Cash Goes Bullish | Similar To Ethereum Classic When... Bullish consolidation is taking place on the Bitcoin Cash (BCHUSDT) chart as we have 6 consecutive days closing green. The RSI is strong above 55 while prices remain near support. Having a strong RSI near support is a very strong signal. When Bitcoin Cash starts to go it goes... Just like what we are seeing with Ethereum Classic and Polygon. If you would like to know/learn how to spot a reversal before it happens, you can go back to all the charts we shared earlier this month and June, there we expose all of the chart signals that lead to the current price dynamics. Do not worry about hitting like nor commenting, focus on reading and making money. You should invest your energy on your own personal growth. We love you. Thanks a lot for the amazing support. Namaste.
Long
by MasterAnanda
1