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BCHUSD

BCHUSD hit the MA200 (1w) after 1.5 year. Major bullish sign.BCHUSD hit today the MA200 (1w) for the first time since the week of January 3rd 2022. This represents so far a massive +200% rise in the last 2 weeks. The RSI (1w) is deep inside the overbought zone but so it was in January 2021 during a rally similar to today's. Trading Plan: 1. Buy after the first red (1w) candle. Targets: 1. 735.00 (Resistance 2). Tips: 1. You may target Resistance 1 (392.50) initially if you don't want to commit much on the long term and buy for the higher target after the MA50 (1d) is tested and holds. Please like, follow and comment!!
CRYPTO:BCHUSDLong
by TradingBrokersView
4
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 ⬇️
Education
by Babenski
49
BCH - Continuing with bearish divergence on the H4 timeframeDear my friends, As previously analyzed, I have observed BCH on the 1-hour timeframe. There is a divergence signal on the H1 timeframe, and now there is a divergence signal on the H4 timeframe as well. Additionally, there is confirmation through a reversal pin bar on the daily timeframe. By observing the volume on the H4 timeframe, it is clear that there is not enough strength to break the resistance and continue upwards. While BTC has been increasing and undergoing a correction, BCH has been increasing without a correction, making a correction necessary at this point. I have plotted the FIBO levels for this correction. We will continue to observe how far and where BCH will correct to. Do not be greedy or fearful. I will share with you what I see. Thank you!
Short
by DragonCaoB
3
Bitcoin Cash BCH price what is happening, why is it growing?The goal from the previous BCHUSDT idea, which was drawn on the chart, has been achieved, that's why it is worth updating the picture and thoughts. By the way, in the same previous idea, we described a lot about Bicoin Cash and our memories associated with this project on the crypto market. So, in a little over a week, the price of BCH has grown by +130%, which is a super rapid growth that has not been seen since the end of 2018. We don't know what this rapid growth is due to, maybe you will share important information in the comments below the idea? In our opinion, before continuing the growth wave to t he next targets of $340 and $550 , the BCHUSD price should correct in the coming days. And the $150-160 zone is a "tasty area" for buying BCH, of course, if you believe that the project has been resurrected and has great prospects. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
27
Is BCH going to surge?In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15. - There are a few target price levels to watch: 196.30 210.65 222.10 - Looking at the smaller timeframe chart: BCH has the possibility of experiencing a short-term pullback, with support in the range of: 154.55~169.00.
by noah_chen
BCH - Bearish DivergenceDear my friends, BCH has experienced a strong upward movement, driven by a significant FOMO (fear of missing out) effect, pushing the price up to its current level. However, when looking at the price chart, overbought conditions can be observed on both the daily and 4-hour timeframes, prompting me to analyze smaller timeframes. On the 1-hour timeframe, I have noticed two consecutive instances of bearish divergence on the RSI indicator. Despite the decreasing trading volume and a dominant selling pressure, the price continues to rise. Based on these observations, I predict that the price will drop below the $200 range and return to the $130 range. I hope these insights will help new traders avoid succumbing to further FOMO. Thank you!
Short
by DragonCaoB
1
BCH: Rally UnleashedBitcoin Cash (BCH), a prominent member of the cryptocurrency market, has recently attracted significant attention, primarily due to its remarkable price rally. Currently trading at approximately $217.2, BCH has seen a substantial 14% surge over the past 24 hours. This volatility not only demonstrates the dynamic nature of cryptocurrency markets but also underlines the importance of careful analysis and consideration for both investors and traders. This article aims to delve deeper into the technical and fundamental factors contributing to BCH's current market situation and future potential. Technical Analysis: Indicators and Interpretation Starting with the technical analysis, it is essential to highlight the integral role of various indicators. When examining the BCH price chart, we utilize a wide range of tools that assist in understanding the prevailing market conditions and potential future directions. Relative Strength Index (RSI) The RSI, a tool used to measure the speed and change of price movements, currently stands at 64 for BCH. Typically, an RSI above 70 indicates overbought conditions, suggesting a possible price pullback. On the other hand, an RSI below 30 is a sign of oversold conditions, which could lead to a price increase. With BCH's RSI sitting at 64, it teeters towards the overbought territory but still maintains a safe distance. This suggests that there might still be room for upward price movement before a potential correction phase. Moving Average Convergence Divergence (MACD) Next, the MACD, another momentum oscillator, reveals a reading of 6 for BCH. When the MACD is positive, as it currently is for BCH, it suggests that the overall trend is bullish. The fact that the MACD line remains above the signal line further solidifies the bullish market sentiment surrounding BCH at the moment. Volume Oscillator In trading, volume is an often overlooked but crucial factor. The volume oscillator for BCH currently stands at -1%, which implies that the volume is relatively stable. Stability in volume, especially in a bullish trend, can be a positive sign as it shows the trend is not weakening and might sustain. Bollinger Bands Bollinger Bands are used to identify potential buy and sell signals for an asset. For BCH, the upper, middle, and lower Bollinger bands indicate $222.9, $200, and $178.8, respectively. Here, the upper band at $222.9 forms a significant resistance level that BCH touched once on June 24th. On the contrary, the lower band at $178.8 serves as a critical support level, acting as a safety net to prevent further price drops. The price action bouncing between these levels is something traders should observe closely. Fibonacci Levels Looking at different time frames, we notice the Fibonacci levels offering crucial insights. On a 4-hour chart, the zero level of Fibonacci is at $221.9, the half level at $163, and the first level at $104.8. The daily chart shows the 4.236 level of Fibonacci at $236. This divergence in levels across different time frames underscores the importance of multi-time frame analysis in trading. Fundamental Analysis: Recent Developments and Impact On the fundamental front, a primary driver of BCH's recent rally appears to be its listing on EDX Markets. Backed by heavyweights in traditional finance, such as Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDX Markets is a newly established cryptocurrency exchange that added BCH to its roster of tradeable assets. The listing announcement resulted in an immediate positive impact on BCH’s price. The exchange's broad customer base and its partners' established reputation in the finance sector increased BCH's visibility among potential investors. This, in turn, sparked an increase in trading volume and social media interest, which created a feedback loop that further drove up BCH's value. In essence, the listing announcement served as a catalyst for BCH's recent rally. However, while the price rally is indeed impressive, it's essential to view it in context. Although BCH is experiencing a resurgence, it is still 95% down from its all-time high price reached in December 2017, according to CoinMarketCap data. Moreover, despite being designed to serve as a payment network, BCH's blockchain traffic is significantly overshadowed by Bitcoin's transaction numbers. Future Perspectives: Market Dynamics and Investor Sentiment Looking ahead, a few factors could shape BCH's future trajectory. The first is the broader market trend. With Bitcoin (BTC) and several other major cryptocurrencies showing bullish signs, BCH may continue to ride this wave of market optimism. However, it's essential to stay cautious as cryptocurrencies are notorious for their volatility, and market trends can reverse quickly. Secondly, BCH's adoption for transactions will play a critical role in its long-term performance. As a Bitcoin fork, BCH aimed to improve upon Bitcoin by offering faster and cheaper transactions. While BCH's current transaction numbers don't match Bitcoin's, increased adoption of BCH for transactions could boost its long-term prospects. In conclusion, BCH's recent surge, sparked by its listing on EDX Markets and amplified by rising social media interest, paints an optimistic picture for the coin. However, BCH's long-term performance will hinge on a combination of factors, including broader market trends, its transaction adoption rate, and evolving investor sentiment. As such, while current indicators suggest a potential continued upward trajectory, investors should still employ robust risk management strategies. The crypto market's highly volatile nature means prices can change rapidly, and past performance is not indicative of future results.
Long
by ShawnMCR
17
BCHUSD Bitcoin Cash Sell Entry At the moment, BCHUSD is trading at $194, and its resistance is at $205. You can sell it from there if the H4 candle rejects. The take profit level would be its support level at $170, and the stop loss would be at $220. Currently, the Weekly RSI is also crossing the 70 level, which indicates an overbought zone, so it should come down. I hope we can make a good profit. Not financial advice. Trading carries risks. Consult a professional advisor. Perform due diligence. No endorsement of specific strategies by OpenAI or its models.
COINBASE:BCHUSDShort
by ShaaniReal
1
BCH Bitcoin Cash and the Wall Street-backed EDX Exchange Launch If you haven`t sold BCH here: Then you should know that the recent launch of the Wall Street-backed cryptocurrency exchange, EDX Markets, is a significant development that signals growing acceptance and adoption of digital assets within the traditional financial industry. This event brings a bullish sentiment to the crypto market, indicating increased confidence from institutional investors. EDX Markets is specifically designed to facilitate safe and compliant trading of digital assets, offering clients distinctive benefits such as competitive quotes, liquidity, and a non-custodial model. By prioritizing best practices and establishing trusted intermediaries, EDX aims to alleviate conflicts of interest and provide a secure trading environment. The initial assets available for trading on EDX are the largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ethereum (ETH), as well as Litecoin (LTC) and Bitcoin Cash (BCH). This selection showcases the platform's focus on the most established and widely recognized digital currencies, instilling confidence in investors. The entry of prominent financial players such as Schwab, Fidelity, and WisdomTree into the cryptocurrency space further strengthens the bullish case. WisdomTree Investments' recent application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) reflects the growing market interest in this investment vehicle. With BlackRock's filing also fueling the discussion around Bitcoin ETFs, it is evident that established firms recognize the potential of cryptocurrencies as a legitimate asset class. In this context, my short-term price target for BCH is $147. However, I maintain a bearish outlook for the overall year due to the ongoing Binance investigation and the lawsuit filed by the SEC. Looking forward to read your opinion about it.
Long
by TopgOptions
Bitcoin Cash Bullish Analysis Toward $800 PotentialBitcoin Cash (BCH) Chart Analysis: Exploring the Potential Bullish and Bearish Scenarios Bitcoin Cash (BCH), currently trading at $129, has experienced a notable 40% increase in value over the past week. However, it is important to note that BCH remains down by 92% from its all-time high. In this chart analysis, we will explore the current market situation for BCH and examine both the bullish and bearish scenarios that could unfold in the near future. Bullish Scenario: Should BCH manage to break out above the $150 resistance level, it could potentially enter a bullish zone. This breakout may open the doors for further price appreciation, with potential targets at $400 and $800 during the next bull market cycle. It is crucial to monitor the price action around the $150 level as a breakout could signal renewed buying pressure and a shift in market sentiment. Bearish Scenario: If BCH is rejected from the strong resistance level at $150, it might face downside pressure. In such a scenario, the price could potentially drop to a range of $80 to $90, creating an attractive accumulation zone for investors. Traders and investors should exercise caution and closely observe how the price reacts to this resistance level, as a rejection could result in further downward pressure. Key Levels and Considerations: Support Levels: In the event of a bearish scenario, the key support levels to watch are $90 and $70. These levels could potentially act as significant areas of demand, attracting buyers and providing a foundation for a potential price reversal or consolidation. Resistance Levels: On the upside, if BCH breaks above the $150 level, it could encounter resistance at $400 and $800. These levels may present challenges for further upward movement, as they have historically influenced price action and investor sentiment.
Long
by CryptoPatel
1