BCH/USDT has a great entry point!Hi every one
BITCOIN CASH / TETHERUS
It seems BCH is in a broadening wedge right now! this means the price can move between the wedge lines until the price breaks this pattern! for now the price has touched the bottom line of this pattern and started to increase! so there is a great chance that price would continue to rise from this point! in our prediction BCH can reach 1800$(in long term of course) what do you think?
Our more recent analysis of BCH/USDT :
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BCHUSD
Long on Bitoin Cash - Realistic Target 8000-12`000 This is the fourth cycle in Crypto-currencies. Each cycle has a 3-4x of previous high.
The Third Cycle was in December, 2017; BCH ATH was at 4000 US Dollars, Bitcoins was at 20k, ETH 1.6K, LTC 360 US Dollars, ETC was at 44 USD Dollars.
Bitcoin, ETH, ETC went already 3x from previous ATH, LTC just went over the previous ATH, while Bitcoin Cash against BTC last week after a year and half, showed a BUY SIGNAL in SUPERTREND indicator and that lead to a price being pumped for 50% and at the same time, BCH went over the EMA RIbbon against BTC.
BCH against USD is also very bullish, the first resistance is 1,5k, second resistance 2,4k and third 4k.
My personal realistic target is 8-12k within 2months, we could see a price even higher but it is dangerous to wait. I will personally sell at the range of 8-12k.
Altcoins Update: BCHSince the previous post got hidden because of house rules. Here we go again:
Volume and Price action shows:
Target 1: 2627
Target 2: 6055
Target 3: 16957
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!
BCH worth Paying Attention to even NOWGood day fellow traders,
Even dough BTC is doing its own thing. For a quick day trade, maybe a swing its worth looking at BCH here. There is some nice consolidation the last days, with less volatility than most other alts relative to BTC .
This could indicate strength, somebody is still buying, even if the larger market is selling in crypto.
Buy at the bottom of that channel $1300 area followed by a sharp SL.
Pay attention to the resistance zone! When you are in the right position you should be in profit by then.
Monitor the daily candle tomorrow for more confirmation of the strength and bullish momentum.
Levels indicated on the chart,
Good luck to you all
This is not financial advice
MY MINIMALIST CHART ANALYSIS FOR $BCH$BCH- TRON ON A DAILY CHART
5.8.21 0346H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
Note:
This is not a piece of financial advice.
I am a student and this just a practice.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology.
Postings most of the time is delayed as it
takes time for me to finish on several
analysis of assets.
Updates will be posted religiously if time
permits.
BCH Sell a break setup.BCHUSDT - Intraday - We look to Sell a break of 1248.8 (stop at 1306.6)
We are trading at overbought extremes.
Following yesterday's bearish candle, the overall trend lower looks set to continue today.
Pivot support is at 1270.
A break of 1250 is needed to confirm follow through negative momentum.
We look for losses to be extended today.
Our profit targets will be 1088.8 and 1044.4
Resistance: 1400.0 / 1475.0 / 1600.0
Support: 1300.0 / 1250.0 / 1180.0
Bitcoin Cash (BCH) Analysis 07/03/2021Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another.
As a permission less, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network.
Bitcoin Cash combines gold-like scarcity with the spendable nature of cash. With a limited total supply of 21 million coins, Bitcoin Cash is provably scarce and, like physical cash, can be easily spent. Transactions are fast with transaction fees typically less than a tenth of a cent. Anybody can accept Bitcoin Cash payments with a smartphone or computer.
Bitcoin Cash has various use cases. In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay participating merchants for goods and services in-store and online. Very low fees enable new micro-transaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also reduces the fees and settlement times for remittances and cross-border trade. Other use cases include tokens, simplified smart contracts, and private payments with tools such as CashShuffle and CashFusion.
Bitcoin Cash different from Bitcoin:
In 2017, the Bitcoin project and its community split in two over concerns about Bitcoin’s scalability. The result was a hard fork which created Bitcoin Cash, a new cryptocurrency considered by supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash. Bitcoin, which was invented by the pseudonymous Satoshi Nakomoto remains a separate cryptocurrency.
Unlike Bitcoin BTC, Bitcoin Cash aims to scale so it can meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network.
Technical:
as you can see the price has broken up from its accumulation zone and is rallying in an Ascending Broadening Wedge, and by Fibonacci Projection we can predict the total of 2 TPs where if the 1TP gets triggered then 2TP is confirmed.
i have projected the targets based on the boundary of the Wedge and its confluences with Fibonacci projection Levels of 161.8% and 261.8%.
they are on rounded up numbers
I ANALYZE FOR YOUR COMFORT - BITCOIN CASHI am looking for coins with growth possibilities today for your profit, and BCH is definitely one of them. With bullish formations in the cascade, with technical courses like the book, BCH has a strong long prediction for the rest of the day, so dear friends, let's take our profits.
If you appreciate my analysis please like and follow. If you want other tools analyzed, leave their names in the comments, and in the next hour I will publish the analysis. Everything on green !!
WATCH OUT : BCH preparing for a breakoutBitcoin Cash has been going through a strong bull run and after a slight resistance at the 1400 levels we saw a preparation for a break , especially with the crossover that is about to happen on the MACD , a confirmation on the volume is the signal to go for it so watch out guys.
Bitcoin Cash, Considerable Triangle-Formation, How It Completes!Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 2-hour timeframe perspectives. Bitcoin Cash has shown up with this strong exponential bullish leg to the upside and is now developing this triangle-formation in the structure holding above the 45- as well as the 35-EMA. Within the triangle, Bitcoin Cash has almost finalized the coherent wave-count and when it manages to increase with the bullish edge in the coming time to finally close above the upper-boundary as it is marked in my chart this will complete the whole triangle and show up with the further continuations to the upside, therefore it is highly necessary that Bitcoin Cash rightly holds the boundary of the triangle and does not fall below it to invalidate it.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
BCH is preparing for a great run up 🔼 BCH has a great fall which is much needed in order for it to go retest the trend. The long consolidation before hand has definitely gather many buying forces which would be more than happy to scoop more during this period.
So long as $500 not broken, we should see it coming back to 1100 range and with a near term target of 1600.
Maintain buy rating on BCH which also a lackluster compares to its bigger brother bitcoin.
Check the continuation of the #BCH processThe formation of a rectangle and the side space inside it and passing through each side, determines the continuation of the process. Most of these rectangles in this position are ascending charts and can reach two important resistances. After the orange inflatable box, you can think of more mountaineering (namely 2400 hits).
In the lower time frame, the points of sale were identified that you can use both sides
BCH/USD: BULLISH FLAG WAITING BREAKOUT - LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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BCH/USD Multi-Timeframe AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.