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Bchusdanalysis

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
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
BCHUSDT: Good prospect for LongThe structure of medium-term wave levels on the BCH tells me that the decline from the level of $1,600 is probably over. On the smaller timeframe some initial momentum was formed in wave 1 or A, and at the moment the price is correcting in the anticipated wave 2 or B. It is possible that the correction has already ended and the price has already started to form the first upward impulse as part of wave C or 3. This is an excellent pattern that allows you to plan to open a long position with a remarkable risk to profit ratio of at least 1:5.
Long
by HurricaneCapital
be ready for at least 80% profits 🚀right now possibly we may correct shortly but nothing to worry about. 1- the price returns back to close above EMA 50. 2- the candle body is getting bigger each week. (momentum increasing) 3- as soon as BTC is showing strength for goin up, it gives good indicator for seeing higher highs n lower lows. 🔶🔶FREE MIDTERM VIP SIGNAL🔶🔶 Pair: BCH/USDT ✅ BUY: 570 - 650 ✅ 🎯 Targets:- 1- $700 2- $805 3- $975 4- $1200 5- $1420 6- $1640 STOP LOSS: $530
BINANCE:BCHUSDLong
by BTC-fire
8
BCH 1D Waiting for Bitcoin Cash at $20,000 and there is no typo)In our portfolio of ideas, a series of accurate predictions for the BCHUSDT pair have gathered, it's time to continue it) In January 2021, we wrote about buying BCH at $380 and possible sales at $1200 Further in May, they wrote that growth to $1,700 is still possible, and this is what happened, after which the cryptocurrency market collapsed together. The price of BCHUSD fell by -77% - a lot, but another thing is interesting, the fall was aggressively bought off twice from $380-400 . That there is an aggressive buyer, we wrote in the previous ideas. This combination of information suggests that the real bull run on the BCH chart is yet to come. We think that below $400, buyers will not let the Bitcoin Cash price drop, that is, it is logical to try to gain longs with a grid on a spot in the $400-450 zone. The first top targets are $1500-1650. Correction to $750 and you can dream of moving towards ATH, which is close to $4000. If the holders of 2017 say: $4000 is not enough for us - this is just our break-even point, but how can we make money?, We will say - it is not a problem) For you, the market has the levels for growth of $12,000 and $20,000 , respectively) We will take this global idea as a basis and as we grow, we will add additions to it. Therefore, write a comment under the idea and put like for that you received update notifications in future _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
KRAKEN:BCHUSD
by P_S_trade
52
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
Long
by BitonGroup
4