Cryptolean Bitcoin Cash BCH Update Bitcoin Cash is trying to reverse from the daily support zone of $377-$395.
A bullish reversal from this support zone will result in a move to re-test $435-$451.
A bearish break-out of $377-$395 will push BCH price lower towards $341.
Intraday Chart
The BCHUSDT 4-Hour chart is trying to escape bearish zone and get back to above $389.
A bearish rejection of $389 will lead to Bitcoin Cash price declining to $303-$327, the key intraday support zone, however on the way to this zone BCH will have to deal with $361 support.
A bullish break-out of $389 will push price to re-test $442, however the price action may be slow and choppy.
Support once read!
Thank you.
BCHUSD
🚀 BitcoinCash (BCHUSD: Long-term bullish triangle◉ Preferred count
● COINBASE:BCHUSD ,🕐TF: 1D
🔮Forecast from 01/24/2022; Fig.1
● COINBASE:BCHUSD ,🕐TF: 1D
🔮 Forecast from 06/21/2023; Fig.2
● COINBASE:BCHUSD ,🕐TF: 1D
🔮 Forecast from 03/05/2024; Fig.3
The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 .
Inside the triangle, subwaves (A) , (B) and (C) have already been completed, and then subwave (B) develops. At the end of the sub-wave (D) , I plan to shorten part of the long position, because there is a possibility of exiting the sideways pattern downwards (see Alt.).
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● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 03.11.2023; Fig.4
● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 02/28/2024; Fig.5
● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 03/05/2024; Fig.6
At the beginning of 2023 there were options for a minor update of the low of 86.80 , but we focused on the bullish counting.
Last November, signals appeared in favor of a triangle in wave (b) of ((i)) (Fig. 4). As you can see, the forecast worked almost perfectly. Yes, the formation of wave (c) of ((i)) in one form or another can continue, but most of the upward movement is most likely already behind. We are preparing for the beginning of the correction in wave ((ii)) .
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◉ Loc. Alternative count
● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 01/24/2024; Fig.7
● BINANCE:BCHUSD ,🕐TF: 8h
🔮Forecast from 03/05/2024; Fig.8
There was an alternative, but it was co-directed with the preferred wave scenario.
Based on the depth and shape of the downward correction, we will look at which marking option is most likely.
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◉ Alternative count
● COINBASE:BCHUSD ,🕐TF: 2D
🔮Forecast from 03/05/2024; Fig.9
There is not enough historical data to speak with confidence about a bullish pattern. It is quite possible that the triangle is a wave (X) inside a double downward zigzag.
With an eye on the negative scenario, I plan to partially exit the long position if there is a completed zigzag C of (X) .
Bitcoin Cash Is Breaking Out Of Bullish TriangleBitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle pattern in wave (IV), which looks to be completed after recent break above 300 region.
BCH buy setupThe price structure is bullish. A resistance range has been strongly broken, but we did not have a pullback on this range.
It is expected that if a pullback is made at this level, the price will jump higher.
I specified the targets on the chart.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
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BCH/USD Secondary trend. Wedge. Area 96 ArtemisThe graph is logarithmic.Time frame is 3 days. Secondary trend. The wedge is in the final phase of its formation. The price is in its band near the support area of 96. Local double bottom 72% may be formed inside the wedge. Its confirmation and embodiment will bring the price closer to the wedge resistance breakthrough (red line). The price is near the area of historical lows of $77. The price is now $115 Percentage from the key local zones shown on the chart. Remember, the price is now within the wedge band.
Coin in coinmarketcap : Bitcoin Cash
Line chart.
Local trend . Double Bottom Zone.
Main trend was shown earlier in this trading idea.
BCH/USD Main trend. Breakdown of the channel. The important zone
Main Trend. Linear chart.
Will the real Bitcoin please stand up.This trade activates at $298 with a stop probably around $255
Most people eat the garbage idea that bitcoin is decentralized, while ignoring or not knowing, that it is a dictatorship by ''Bitcoin Core group''.
No currency is truly decentralized in the decision-making of its design.
Be safe.
Long Bitcoin Cash (BCH) to $310Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range.
We do have some resistance to get through. 237 is a level of resistance along with the 100 day SMA just above that. But if those can be defeated, we're well on our way.
Target #1 - 254
Target #2 - 270
Target #3 - 288
Final Target - 311
I plan to take 25 percent off at the first target and raise my SL to break even. Thereafter, every target reached will be another quarter off of my full position and a raised SL to the preceding level.
Risk/Reward on this is a healthy 5/1 with my stop out placed at 222.
Best,
Stew
BCH is going up regardless BTC. Another 100% profit.BCH is strong and is rising, while BTC is currently down. Why is that? If we take a look at the price action, we can see that it very much differs from the BTC price action in many ways. We have had a range that broke up, and the price is currently almost at the previous major swing high from June 2023. My Elliott Wave count suggests that we should see a huge pump soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
I am not a huge fan of BCH, but there are some facts. Why BCH? Bitcoin Cash was considered by some supporters to be the legitimate continuation of Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash.
From a technical perspective, Bitcoin Cash is similar to the Bitcoin algorithm. Namely: both projects have a hard cap of 21 million coins and also use Proof-of-Work (PoW) consensus framework and nodes to verify transactions.
Unlike Bitcoin (BTC), Bitcoin Cash aims to scale to 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.
As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BCH Feb 13th long-term updateAnother week and another free sharing from the TTR most recent #cryptocoin pick update:
Bitcoin Cash is another quite undervalued token. The breakout level sits at 329.50 followed by a main breakout zone resistance at $400-410
I don’t own much of this coin, only 20, but I see great potential here if 1450 is broken to the upside. A test of the 1400-1450 zone will be a big one as it will set a W multi-year pattern and potentially can breakout hard with an upside target of 3225 and ideally above 4.5k
I like the potential here, but I won’t be long if 1450 is not broken to the upside by sometime this year, especially if BTC will be above 90k
There is a clear 4-5x potential here, and I’m fine with holding this token till the 1400 zone exit at minimum.
🚧BCHUSDT will Go Up Again🚧 Road Map(4-H)🗺️!!!➡️ Due to the ascending structure of the chart
- High potential areas are clear in the chart
- You can look for reasons to enter according to your own personal strategy after approval.
🤑Stay awesome my friends.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BCHUSD is potentially poised for a substantial price upswingBINANCE:BCHUSD BCHUSD (W)
BHCUSD may have a strong price increase coming up. Waiting for confirmation of price and volume explosion!
Following the preceding abrupt surge in price accompanied by elevated volume, BCH has undergone a correction spanning over 30 weeks, characterized by diminishing volume and price consolidation. The signal from the MA20 line consistently aligns with the evolving price dynamics.
Is it plausible to anticipate the occurrence of High Volume, accompanied by a substantial surge in price amplitude within this digital currency?
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BCH from a SMART MONEY point of viewAccording to the reviews we have had on the chart, we have determined the high and low liquidity pools.
The liquidity pools of the upper area have been swept and candles have hit SUPPLY. Now there are two TPs ahead of the price.
We have liquidity pools in the lower areas.
To achieve TP 2, it is necessary to break the range of TP 1. TP 2 range is a suitable place for buy/long positions
it's time to going up for BCHUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price:
Target1: 259.98
Target2: 264.51
Target3(Final Target): 268.14
Stoploss: 251.35
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CAN BCH NEW VOLUME GAIN $300?Thanks for reading this updat.
BCH seems to have a new volume what can get new confirmation in the coming peroids.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For day traders take always profits when market increase
#Expect noting from the markets, but follow what it shows.
BCH 6 years downtrend reversalThe BCH had gone through one of the longest consolidations in crypto world, but it's about to end finally, i drew all the possible projections based on price forecasting algorithms, let's wait and see how it turns out, but don't miss the chance to grab some share out of this or you will lose probably the greatest chance to get in BCH with relatively lowest possible risk
BCHUSD Strong bullish in bearish marketWhile BTC struggle with bearish wave, BCH move in a stong bullish with expanding channel up.
Its little bit late to follow bullish at BCH,
the best option we have is to wait for small pullback at fibonacci point or wait at support if you aim for low risk.
Target for BCH at channel up resistance or at previous high.
Maximum target for BCH at $423 as fibonacci projection.
BCH ANALYSIS (1D)According to the BCH chart, it looks like a flat pattern has ended with a terminal c.
Another bullish wave should emerge. The price targets are clear on the image.
Fixing a daily candle below the green range will violate the analysis.
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 Looks To Be Forming A Bullish Triangle PatternBitcoin Cash with ticker BCHUSD made a strong recovery back in July which might be wave III because a drop from $330 is overlapping, thus it can be a correction, so ideally that's a wave IV retracement, meaning that uptrend can still show up for wave V. But, maybe we will have to wait on a bullish breakout a bit longer as current price action since July can be an ongoing A-B-C-D-E triangle.
BCH is ready for a jumpThe strength of the bearers has been taken and the downtrend has weakened
A triggerline has been established and we have also had a bullish CH and orders have been received from the DEMAND zone.
Price is ready to move towards TP.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You