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BCH

BCH is a rocketFrom where we placed the green arrow on the chart, the correction of BCH is over and the diamond diametric pattern has started. Now it seems that BCH is going to start wave E of this diametric. It can go up while maintaining the green range. The target is the red box, actually the target can be higher but the red box is an important supply Closing a daily candle below the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
BCH Long Awaited Breakout of the Multi-Year downtrend incoming? Hi everyone! Today we are looking at Bitcoin Cash (BCH) which has seen its share of drama including unexpected parabolic moves in the past. We're starting our analysis on the Monthly chart so we can zoom ALL the way out, and I am in log mode as I prefer this when I do my technical analysis. The chart looks very different here if you aren't in log mode, but when you turn it on, this YEARLY downtrend line appears, and we happen to be testing it at the moment during an extremely bullish time. I'll be honest, I have not been a fan of BCH in the past, but my feelings about such things have led to missed opportunities, and so when we do TA, we focus on the data, and we try to be as objective as possible to avoid letting bias or emotions influence what we see or do. Now the BCH story is quite interesting if you dig into it. Those that were around when it launched will never forget that day, as you received free BCH,1:1 with Bitcoin (BTC) given it is a fork of BTC. The challenge and drama set in since this was an attempt by a centralized entity led by Roger Ver to try to unseat Bitcoin by offering new features and capabilities he felt were lacking in the original blockchain. But this was met with much controversy, since the greatest value of crypto is in its decentralized ledger, and some might even say its mysterious origins. Who is the real Satoshi? Will we ever know? Is it one person, or a collection of people? Perhaps an entity or a foreign government? We may never know. In fact, I am sure we will never know. In any case, the self-proclaimed "Bitcoin Jesus", Roger Ver, was recently arrested on Fraud Charges. Ver faces three counts of mail fraud, two counts of tax evasion and three counts of subscription to a false tax return, according to the United States Department of Justice. He was an early adopter of Bitcoin, and smart enough to purchase the domain Bitcoin com. He's facing 109 years in prison, which is probably extreme, but it seems that someone is trying to make an example out of him. He's been accused of misuse of power, suppressing innovation, and dissent. Today his networth is estimated in the range of $500 million to $1 billion. On December 3rd, 2024 his legal team filed a motion to dismiss a criminal indictment against him having to do with an exit tax where he's accused of failing to accurately disclose the value of his assets when he renounced his US citizenship in 2014 after acquiring citizenship of St Kitts and Nevis. With the incoming Trump Administration in the United States, and the "Free Roger Ver" movement, one doesn't have to think twice about the potential for a Trump pardon. Trump has been highly favorable to crypto and Bitcoin, which is easily seen by the amount of donations he received from the community and the skyrocketing of the space following his November 5th win. Just yesterday, Trump named David Sacks of the PayPal Mafia as his "Crypto and AI Czar". David Sacks is closely tied to Peter Thiel who brought him into PayPal (see the book: "The Founders") in its early days. Peter Thiel invested heavily in Donald Trump's Presidential Campaign. While David Sacks is also a co-founder and partner of a VC firm Craft Ventures who invested in Multicoin Capital. Multicoin Capital is a VC firm who backed Solana in 2017. Are you making a connection yet? Why all of this backstory? Well, we would be remiss to ignore the macro environment and the potential for favoritism as Trump has already stated intention for multiple Pardons, and today, Roger Ver is one of the leading bets in Polymarket for a pardon. If you were tracking, you'll remember that Polymarket correctly called the U.S. Election. Okay... so without further background speculation, lets get back to the charts with these data points in mind to assist us. Not creating bias, but making us smarter and improving our probabilities. Remember all markets are based on speculation and price is simply a function of supply and demand. Zooming in to the 12 hour chart, identify a few interesting data points: 1. The cup and handle pattern off the most recent high around $720 draws nicely on the chart. 2. The break over the 200-day Moving Average. 3. Notable volume to support the break out of the 200-day MA. 4. Another test and arguably we are seeing a cross over of the multi-year downtrend line. Remember this is in a confirmed Bull Market, along with my rabbit hole analysis of the macro environment that can directly affect speculation on BCH above. This alone gets me excited and bullish on BCH. But it doesn't stop there. I want to provide a different view from the Weekly Chart, where I've tracked over to Binance from the Coinbase chart which has less historical data, and i'm making a potential bear case. It's critical to always consider the bear case on everything. A bear might say, Look at the upward facing wedge pattern, and how the price is just testing the outside of it, which happens to coincide with a key point on the Coinbase chart showing the multi-year downtrend. One should be careful and look for more confirmation on the chart for a breakout, rather than calling a breakout before it happens, since it is just as likely (if not more likely) that we bounce off these lines as resistance. I remain bull however, as I'm using other data points, and we'll take a look at this a little more closely below. Zooming in to the 4-hour chart, I'm tracking 2 upward channels. You can see the larger channel, and the more recent skinnier and steeper channel that have formed. I'm also tracking a fibonacci extension that seems to fit the current move after a quick swing outside of the skinnier channel. What I like about this extension is the bounces off the fibs, with the potential to reach higher extensions that break out of the downtrend. I am also using the bearish rising wedge here to show the risk of the reversal if this is a real resistance point. A quick review of the Weekly Chart on the BTC pairing shows some very obvious signs that support a bullish hypothesis. A breakout of the downward wedge that started from the high in March of this year 2024 also breaks above the BTC 200-day MA, and we see some increasing volume though nothing quite obvious from a volume perspective yet. However, I wouldn't be surprised if that volume increases sharply in the near future. A MACD bullish crossover on this chart would support this hypothesis. We also appear to have potentially completed an ABC correction of the massive move from the lowest low in June 2023. Finally, as we use our fib extension to look for targets of a bull breakout, we see a nice confluence of the May 2021 high falling somewhere in the range of 2.618 and 3.618 extensions. Using multiple view and time scales along with indicators to support our hypothesis is enough to give us a bullish hypothesis. When you add in the very present Roger Ver story, and the storied history of BCH, we realize that there is at least enough speculation for those that missed the opportunity Bitcoin itself provided. While I am indifferent on the potential of BCH, I have no bias or real interest in this asset personally. I can admit that following the BTC 200-day breakout I took a very small position of a single BCH given the upside potential. When considering how to protect yourself against the challenges of inflation, the opportunity the crypto space offers, and the exciting developments we are in store for in the coming year, one cannot ignore the potential BCH provides that is told only by the charts. The opportunity to maximize an investment with BCH has strong risk/reward, given the previous high was $4300 on Coinbase. There's a whole other story behind that parabolic move, but I'll let you look into that one yourself. Thanks for reading and be safe out there! This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling. - Shadowfigure
COINBASE:BCHUSDLong
by Shadowfigure
4
$BCH is about to pump hard? If this is correct!Let’s see how this compares with the other ideas we can see here. I am not a professional I trade for fun and speculation and to learn. I make money sometimes and I loose sometimes. I am in the green so to speak and never have I ever been red (as I started with crypto I earned so $0 investment for about $500 of earned CRYPTOCAP:BTC and or CRYPTOCAP:LTC and some other big airdrops on main crypto marketplaces. Anyway I converted most to CRYPTOCAP:BTC then I rode the 2021 bull and didn’t cash I held till now and first time I cashed over $100 out to USDC and it was good but bad timing… it went from 93k drop out to 98k I think now to $96k? Anyway I’m happier holding it than holding USDC while the volatility continues. As I don’t BELIVE the total market is over yet even if BTC starts to show signs of an end in sight it as I know is still many Months away from that actual point on the calendar of events and cycles of BTC. Still chain link is so solid let’s talk about that!! What do you guys girls think about CRYPTOCAP:LINK and how are you in when did you buy and what price and or other info that we can learn Together with and grow the community together and make gains also! Thanks again for looking all! Ps. note I don’t advise any trading or choose for you to trade anything this writing of mine is only speculation! It’s not advice and it’s not intended to predict anything.
COINBASE:BCHUSDLong
by CryptoFerk
1
$BTC 1D looking good boys! Possible Head?I’m not sure but if it is a head for the second shoulder instead and this is the half way point in this last end of the Bull Run maybe months left but it’s coming to the MAIN part then it will slow up and go sideways if not down A LOT. Just be prepared for it and know a plan or strategy to get out with profit even to a stable coin or flipping coins that profit at different times and flip them when one coin pumps the other dumps and vice versus some ppl have done this virally and got Insta famous and rich. Don’t not experiment here. Buy something you wouldn’t think you would but be sure it’s a good bag first due diligence is always needed. This chart and my talk IS NOT FINACIAL ADVICE AS I AM NOT ONE .
Long
by CryptoFerk
BCH Parabolic Incoming?it seems BCH is poised for a parabolic rise, Technical analysis is saying so, fundamental reasons is there as well as a big update to the core has been commited over the past days, you can read about it here: u.today based on the news it now rivals ETH! "This upgrade fully utilizes Bitcoin Cash's fundamentally more scalable architecture to provide math capabilities that surpass those of Ethereum such as "bare metal" performance, more byte-efficient and cheaper transactions" let's see how this unfolds.
COINBASE:BCHUSDLong
by TheRealJohnConnor
ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may. The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈 1) Bitcoin Cash / BINANCE:BCHUSD.P 2) Dash / BINANCE:DASHUSDT 3) Litecoin / BINANCE:LTCUSD.P These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)! _____________________
BINANCE:LTCUSD.PLong
by CryptoCheck-
3
Bitcoin Cash BCHUSDT Rockets to TP1! Remaining Targets on Watch!Technical Analysis: On the 15-minute timeframe, Bitcoin Cash (BCHUSDT) has successfully hit TP1 in a long trade setup, showing strong bullish momentum. The price has moved above the Risological dotted trendline, signaling an upward breakout. Key Levels: Entry: 350.85 Stop Loss (SL): 344.45 Target 1 (TP1): 358.80 (Done) Target 2 (TP2): 371.60 (Pending) Target 3 (TP3): 384.40 (Pending) Target 4 (TP4): 392.30 (Pending) Observations: The price made a steady climb after breaking through the entry level, driven by positive market sentiment. Risological dotted trendline acted as support, boosting confidence for long positions . With TP1 successfully completed, Bitcoin Cash is now aiming for higher targets. Keep an eye on price action as it approaches TP2 and beyond, as the bullish trend looks likely to continue.
Long
by ProfitsNinja
1