BCHUSD
Bitcoin Cash & The Bulls - Part DeuxBicoin Cash (BCH) believes in the original vision for Bitcoin (BTC) by Satoshi Nakamoto: 'A fast, secure, worldwide peer to peer electronic cash system with low processing fees'. Whereas BCH can complete 100+ transactions per second, BTC only manages three to seven transactions per second.
The Bitcoin blockchain is no longer the ideal network for small transactions on the base layer due to its limited block size of 1-2 MB. Micro transactions have been deferred to a second layer ie. The Lightening Network which is a promising but not yet proven success. Because Bitcoin, Bitcoin Cash and Bitcoin SV are derived from the same genesis block, they share a similar history and even some of the same miners. Within the Proof of Work (PoW) system, the miners have more to lose than other investors due to their investment in expensive and specific ASIC equipment used for the sole intention of mining the Bitcoin protocol. The computer hardware that is used can process transactions on all three chains. Therefore the miners can profit from mining any of these three blockchains. It would make sense that the miners will mine whatever chain is more profitable.
All Bitcoin entrepreneurship will depend on a functioning Lightening Network on a grand scale. If mining on the Bitcoin blockchain discontinues to be a profitable endeavor, the SHA256 miners who can mine on any of the three chains may look to one of the other two Bitcoin blockchains to keep their show on the road. Miners will not care which side their bread is buttered on.
In the global transaction market, there are three trillion transactions per year. 75% are cash transactions, 13% by credit card and 12% from other means. With Bitcoin Cash transactions costing < $0.01 per transaction, a Bitcoin transaction can cost anywhere between $5-$50 making Bitcoin unpractical for day to day micro transactions on the base layer.
BTC is useful as a store of value, positioning itself as the digital equivalent of gold. BCH has a larger block size limit which will enable it to fulfill Satoshi's vision of an electronic cash system with low processing fees. The worldwide cash market is valued at $100 trillion whereas the global gold market is worth $10 trillion.
Moreover, Bitcoin had a recent 40% drop in hashpower after a Chinese mining pool went offline. As a result, BTC fees have been soaring to $40 per transaction making it expensive and slow. At the time of writing it is 11,838.75x more expensive to transact on Bitcoin (BTC) in USD than BCH according to Coin Dance: coin.dance
We went long BCH/USD on 01 December 2020 at $290. Today one Bitcoin Cash is worth 0.016 of one Bitcoin. I see an opportunity for Bitcoin Cash to gain ground on Bitcoin over the coming year or so. I am long all 3 chains on the Bitcoin blockchain. The cash market is 10x bigger than gold, therefore Bitcoin Cash may have more upside potential. We will have to see if the market agrees or not. BCH is 76% off its all time high price of $3785 set on 16 December 2020.
Our original Post regarding BCH/USD can be found here:
Bitcoin Cash, In Decisive Wedge-Formation, How It Can Complete!Hi,
Welcome to this analysis about Bitcoin Cash, we are looking at the 30-minute timeframe perspective. As Bitcoin Cash has shown up with important initial bearish declines to the downside it now somewhat shown up with some bounces, these bounces however arent not really strong and a full reversal for now. Besides that Bitcoin Cash has formed this ascending-wedge-formation with the coherent wave-count within almost already completed. When Bitcoin Cash now moves below the lower boundary with this bearish price-action as seen in my chart this will lead to the continuation and testing of lower supports as marked in blue from where the situation needs to elevate anew, for now the bearish perspective should not be underestimated.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The key to success is to focus on goals not obstacles."
Information provided is only educational and should not be used to take action in the market.
BCH ka breakout...gone to 2000$BCH ka breakout...gone to 2000$ then 5000$
This is really a good sign
BCH To The Moon! - Fibonacci AnalysisBitcoin Cash looking good! It bounced back of strong support and heading North.
Entry Zone: $850 - $950
Take Profit #1 $1,132
Take Profit #2 $1,199
Take Profit #3 $1,354
Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
BCHUSD: Bitcoin Cash room to ATHHello my friends!
Don't forget Bitcoin Cash is one of the 5 currencies that Paypal will accept. We still have a lot of room to ATH. You can see my resistance lines and support lines in the chart.
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Let's see what happens.
Happy trading. :-)
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BCHBNB - Nison: 20 SMA with RSI(5) - Change of PolarityBCHBNB - Nison: 20 SMA with RSI(5) - Change of Polarity
- BCH has overcome Pivots P and pulled back to P after hitting R1.
- P shows a potential Change of Polarity (old resistance becoming new support).
- The pullback candle closed as a Piercing Pattern, setting horizontal resistance at the low of the pattern (1.8).
- The reversal came on a pullback to SMA 20 (Bollinger Basis).
- Nison 20 SMA with RSI(5) strategy wants RSI to close above 50, pull back, and find support. That will be a long entry signal.
SL: 1.795
T1: 2.175
T2: 2.42
T3: 2.8
RR: ~ 2.17, 4.21, 7.37
Additional Strategy:
Nison: EMA Crossover
- Wait for 4H EMA 5/8 Golden Cross on candle close.
- Set a buy order 2-5 ticks above the next Daily close which has a lower high.
- Trail buy order down until the trade executes.
- Close the trade 7 candles later, including the candle which triggered your entry.
BCH ANOTHER free BULLHere we go again guys Look at this uptrend hidden coin.
This is about to blow. We been waiting for this for a while.
BCH has been hiding behind the bars.
Target price $650 Then $1600 , and the MOON
Don't miss out on this one.
Follow me for more analysis
BCH Wave 3 - Now what?BCH has gone parabolic, hitting my target and seemingly is defying gravity. Will it consolidate, continue or correct?
What do you think?
BCH updateBCH call went splendidly. Retested the top of the traingle before continuing its move up.
Expecting the same thing to occur at the moment. Wait for a retest at $965 as a good entry point to try and take the next run up, which could lead us to the 3.618 level.
BCH Bull runBCH normally follows a correlated pattern as BTC, Just a little extra volatile, BTC has currently touched 60k, i am expecting BCH to stay above the support level and bounce off to 1k usdt.
Not trading advice, just my analysis
Break Trendline Like BCH Hi, this is my new update for BCH, 3days ago I informed you that once we break this trendline, the bullrun in BCH will start and you see what happened after that. We broke both the resistance $880 and trendline at the same time. Now we have tested the resistance $1150, if we break it the next one is around $1300, but if we see a pullback to $880-900 in the next couple of days, to backtest both the trendline and the support level, I would not be surprised. BCH is 100% BULLISH
Be prepared and don't PANIC ;)
BCH , first target smashedcheck related idea down below and do not forget to push like for more updates . we are in from 480$ and finally our first tp reached , now after some correction ( maybe ) it will be ready to fly , as you can see there is no strong resistance untill 1800$
lets bring fomo into bch
Bitcoin Cash - Finally Awaken?Bitcoin Cash - One of the oldest coins in the market, tested with time. It has recently broken out of a recent high, made higher lows, and validated a double bottom pattern.
Pros:
- It is extremely far away from ATH which sits around at 4k, with the current price that's a 500% move.
- Formed a higher high and multiple lower lows.
- Just broke out of the previous high, in short term its PT is at least 920.
Cons:
- Older coin with old technology, not as attractive as some of the newer coins
- Less explosive gains
- RSI close to overbought area
If you're interested:
- Buy at a pullback to the previous high at around 700 - 730, SL at 650
If you already holding BCH:
- Short term PT 920, end of bull market PT 1500+
BCH it's a good coin! think about it!! :)BCH in 2017 was a lot of fun! See the number of transactions on twitter. There are more of them than on bitcoin. It's a coin to pay, small costs benefit a lot. Everyone is blindly looking at bicoin, but the crypto world is more interesting. Be different and push those who haven't bought BCH yet. Lots of positive information - rakuten, paypal, fast and cheap transactions - that's what we need. Ath is close to $ 4000, I think there will be more. The risk is small and the profit can be great. Think about it to have a big smile :)
💡 BCH/USDT💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
BCH gearing up- Ascending triangle on this pair
- 21MA acting as support
- Bullish divergence on MACD
Looking for confirmation through:
- Breakout on high volume
- Crossover on MACD
Target could be 3.618 FIB which coincides with the same length as the pole of the triangle pattern .
Bullish scenario on BCH-USDTWe broke strong support, retested it and now price goes up. I see 3 goals (in long term we will update top) in mid-term. Of course scenario will totally depend on BTC price - if it will stay in flat between 57000-59500 or go higher, BCH will play this scenario. Wish everyone great profit!
