BCH/USDT1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN CASH update from Crypto Sanders.
Chart Analysis:- Bitcoin cash (BCH) was a notable gainer on Monday, as the token rose to a two-month high to start the month.
BCH/USD peaked at 246.98 earlier in the day, after trading at a low of 233.74 during Sunday’s session.
This was the strongest point that Bitcoin cash has hit since July 31, when the price reached a high of 259.00
today’s move comes after a key resistance level of 245.00 was briefly broken, bulls have gone on to retreat from earlier positions.
One reason for this was a collision that occurred on the relative strength index (RSI), which hit the 70.00 resistance point.
Currently, the index is tracking at 69.53, with BCH at 243.30 as of writing.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
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BCHBTC
Bitcoin Cash Parabolic Rally Update! | BCH Price Prediction 2023Hi friends hope you are well and welcome to the new update on Bitcoin cash (BCH)
Harmonic bullish reversal move:
Before starting the analysis of BCH, I would like to share with you my most recent trade signal for Bitcoin cash, which I shared few days ago. That was a harmonic bullish reversal BAT move, which BCH formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Massive breakouts:
On a weekly time frame chart, from March 2021 uptil January 2023 the priceline of Bitcoin cash was moving inside a very big falling wedge pattern, and finally in the second week of January 2023 Bitcoin cash broke out this huge wedge pattern but got stuck inside in another symmetrical triangle and in the second week of June 2023, after testing the support of this triangle BCH rallied almost 200% and broke out the resistance of this pattern as well.
Dropped in golden pocket:
After the 200% rally the price was dropped 61.8% that is considered as a golden pocket of Fib retracement level. Finally it has happened and BCH has begun nice reversal move
Broke out the channel:
On a daily time frame, for almost 77 days priceline was moving inside a long down channel. Finally it broke out this channel on 15th of September 2023. After the break out the price and got rejected by the reference of $226, it has also broken out this resistance as well. There is also a support at $180, which is also a recent swing low before this channel’s breakout, therefore, below this support the stop loss can be placed, in case of trading this breakout.
Targets:
Target for the recent channel’s breakout is at the top of the channel, which is approximately $315, and if we take a look at the target for the previous breakout from huge falling wedge pattern, which has already happened on a weekly time frame, that is at the top of the wedge, which can be between $1600 to $1800.
Conclusion:
For the past 77 days the priceline Bitcoin cash was moving continuously to the downside, but after breaking out the recent down channel and starting a bullish reversal from a golden pocket it is confirming a trend reversal from the downside the outside.
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session.
Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week.
bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process.
This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark.
The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July.
Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days.
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
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 6% on Tuesday, as bulls returned to the market following recent declines in price.
After falling to a low of 181.38 to start the week, BCH/USD raced to a peak of 198.93 earlier in the day.
This rally saw bitcoin cash snap a four-day losing streak, which pushed the price close to a support level of 180.00.
it appears that this was the trigger bulls needed in order to return to the market.
The 14-day relative strength index (RSI) also bounced at its own floor at the 35.00 mark and is now tracking at 37.58.
Should today’s momentum extend through the rest of the week, there is a good chance that BCH will rise towards a critical resistance level of 220.00.
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
BCH ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the BCH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BCH rally update!Hey friends hope you are well, and welcome to the new update on Bitcoin Cash (BCH).
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
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BCH ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BCH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Cash (BCH) forming a bullish BAT for upto 12% pumpHi, dear friends, hope you are well and welcome to the new trade setup of Bitcoin Cash (BCH) with US Dollar pair.
On a 4-hr time frame BCH is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Overview of accumulation breakout patternsWelcome to my new educational post
As you can see in BCH/USDT chart, One weekly green candle is enough to overcome 1 year of bear/consolidation zone !!
If you are surprised, let me tell you this is very normal behavior in crypto market as we saw this happened many times before
Another example :
DOGE / USD
When to expect a coin to explode like that ?
The accumulation pattern have many stages
1- After a period of bear market starts to deccelerate the price action becomes flat and usually take long time of horizontal accumulation between main supply and main demand (weeks / months / years )
2- Multiple fakeouts can happen to make both buyers and sellers exhausted
*The best buy (smart money) after the price reclaim the main demand after stoploss taken the second best buy after valid breakout (candle closing)
The shorting is the vice-versa
3 - Finally the strong breakout take place and overcome many weeks / months or even years of bear / consolidation/ accumulation zone
4- After the coin make breakout many traders will avoid it in the early breakout but it will continue rise and rise ..and every time it rises more it becomes more risky
Later it will turn to be crowded coin and many newcomers buy it at very high prices at this stage it becomes a gamble and MM will sell their profits on newbies
Note : The distribution phase is the opposite of accumulation phase
Note : not all coins can survive bear market, So the fundamental view has great role to support the coin
I can tell you about potential coins in accumulation now which have chance to do similar thing :
#FTT - #DYDX
DO you know another potential coins in accumulation ? Tell me in comment section below ⬇️
BCH/USDT Maximize Potential with Trend Line, RSI Divergence💎 BCH/USDT has been closely following a trend line, indicating a consistent pattern of price movements. As the trend line breaks, it triggers a wave of bullish momentum and the price of BCH/USDT to new heights
💎 Relative Strength Index (RSI) is showing a bullish divergence, signaling a potential shift in momentum.
💎 Combining the trend line and the RSI bullish divergence, it suggests that there may be an upward price movement on the horizon for BCH/USDT.
Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
BCH/BTC - Bitcoin Cash: ◳◱ Technical analysis to be included soon, stay tuned!
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 29
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00434 ₿
▣ 24HVol: 41.511 ₿
▣ 24H Chng: 4.327%
▣ 7-Days Chng: -5.00%
▣ 1-Month Chng: -11.37%
▣ 3-Months Chng: -8.46%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00423 | 0.00437 | 0.00463
◢ Support: 0.00397 | 0.00385 | 0.00359
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.56
▣ Last 90D: -0.31
▣ Last 1-Y: -0.31
▣ Last 3-Y: 0.27
◲◰ Volatility :
▣ Last 30D: 0.54
▣ Last 90D: 0.59
▣ Last 1-Y: 0.76
▣ Last 3-Y: 1.02
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth BCHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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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
Bch Long term Analysis Descending channel Breakout Has already Confirmed Now Waiting For Now for More Safer Entry Waiting for range To breakout to the upside
Rsi Also Printed Massive Bullish Divergence Incase Of Range Upside breakout expecting Massive recovery In coming Weeks Or months
our expected targets 276 410 & 800
This Type higher Timeframe entries Have Low Risk With high Rewards
BCH/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish.
Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session.
As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00.
Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI).
Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88.
Despite the next visible ceiling being at 71.00, earlier gains have begun to ease, with bulls opting to secure profits.
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
✳️ Bitcoin Cash vs BTC | The AltCOINS RaceThis was going to be in the fast ALTSBTC series but the signals are not as strong, which actually means that it is still early.
We have a perfect ABC correction that went beyond 0.786 Fib. retracement. In English, this is positive.
Today alone BCHBTC breaks EMA21 and challenging EMA50, the signal only confirms when the day closes.
A strong RSI at support is a very strong bullish signal...
And well, the rest of the ALTSBTC pairs are growing by leaps and bounds... This one is set to join the race.
Something like Coinraces .
Namaste.
Another Reason to look at BCHFalling wedge broke out a good while back but has yet to make a strong move up towards measured targets, as shown above on the 3 day chart.
Also:
- The long sideways movement is typical of accumulation prior to a stronger move.
- MACD has been diverging the entire way down,
- RSI has been diverging as well, and more recently stronger divergence.
Hitting both targets would provide nearly 1100% gains vs. Bitcoin from current price if this plays out:
Related idea here:
#BCHBTC - Large Triangle Closing - Still Room to Trade!We can see this clearly defined symmetrical triangle acting as both support and resistance for #BCH coming to an end pretty soon - but there's still time for another trade!
Coming off a healthy Short trade into a touch of confusion followed by our current Buy signal from CTv2, there's room in this wedge for another 10% Long trade. What do you guys think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)