Get started

Bchusdanalysis

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
BCH 1D Previous goal achieved, which scenario is next?Almost 4 months have passed since the publication of the previous global BCHUSD idea. It's time to take stock: First, the price of BCHUSD dropped by -25%, giving a tasty purchase at $380 (the minimum was $370) And then we had +300% growth when the goal reached $1215 In the end, you can check everything yourself by looking at the idea below. And although BCH is called the most successful BTC fork, it still lacks the strength and enthusiasm to repeat the achievement of its father. Since the price of BTCUSD has already tripled the maximum of the end of 2017, and in the meantime, the price of BCHUSDT was able to grow only by 30% from the maximum values ​​of the end of 2017, which were about $4000 on different exchanges. But as we noted in the previous idea, we think that Bitcoin Cash accumulated for 9 months for a reason last year and this growth is only the first bell. It may be more fun further) Although at first, a correction suggests itself - if the price of BCHUSDT is kept in the zone of $800-870 , then it will be very tasty for taking a long position with a target for growth to $1700 Write in the comments your opinions, what prospects await BitcoinCash _______________________________ 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
20
Bitcoin cash to $800Warning: our thoughts are ours; not financial advice. Bitcoin cash is one of the assets we love for its gains. If you bought BCH 2 days back, then congratulations, you are already in profit. However, these are the levels we think you should be looking at in the next few days. We'll advise you to lock in some profit at $710. Then let the rest of the bag soar to about $800. At this point, there may either be a breakout to the upside of the channel or the price of bitcoin cash completely rejecting that level to the downside of the channel. So you want to be careful there.
Long
by coin-barbie
BCH 1D Strong buyer is gaining position for a long time, up soonIt seems that large BCH investors still have big plans for growth. Otherwise, we do not find another logical explanation, looking at the accumulation of coins during 2019-2020. In 2019, the coin was sold twice above $380 , fixing the profit. However, during the 9 months of 2020, the coin was very diligently bought in a narrow range. Also, at the end of 2020, there was a break of the historical purple trend - up , which stretches from a high $4,000. The beginning for strong growth is laid. Now it is important for BCHUSDT buyers and manipulators that the price does not fall below $360-400 , we take the average value, the level of $380 and record it in memory as the most important mark. If the bullish scenario continues, it will be possible to buy tasty in the above-mentioned zone. We will fix 300% profit, around $1200 for the BTC fork - BCHUSD. PS: We wrote about a possible BTCUSD cost fall two days ago in the weekly digest, read it in full) _______________________________ 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
4
BCH/USD LONG TERM SWING SET UPTitle: BCH/USD BUY SIGNAL Asset : Crypto Type : Limit Order Time Frame : H4 Entry 1 $290 Entry 2 $270 Sl $250.00 Tp.1 $330.00 Tp.2 $400.00 Tp.3 $470.00 Tp.4 $540.00 Tp.4 $610.00 Tp.5 $680.00 Tp.6 $750.00 This week marked an important milestone for Bitcoin Cash, as last Wednesday the crypto-asset reached block height 630,000 and cut the mining reward by half to 6.25 BCH every 10 minutes. This event happens every four years or more specifically after 210,000 have been mined. While most of the crypto news sites were talking about how this halving took almost 2 hours to be completed and how some miners left the network after this, we decided to analyze what happened on that day from a different and more data-centric perspective. A quick summary of Bitcoin Cash: Bitcoin Cash is a hard-forked version of the original Bitcoin Blockchain similar to Litecoin or Dash. It was created in August 2017 and the main intention was to increase the block size that would allow more transactions to be processed. Major stakeholders such as Roger Ver proposed to increase the size of blocks to 8 MB. The number of transactions on Bitcoin Cash’s blockchain can reach 25,000 per block. It also differs from Bitcoin in the fact that it does not incorporate SegWit as a solution to accommodate more transactions. Now that we have a basic understanding of the project, let’s dig into some key data points of that day by leveraging the IntoTheBlock platform. 1. The daily addresses activity went through the roof. On Wednesday, the same day the Halvening occurred, there was a huge spike in the number of active addresses in the Bitcoin Cash network. A total of 161 thousand addresses were active on that day, which represents a 388% increase compared to the 33 thousand active addresses on Monday. The number of new addresses entering the network also saw a big increase of 357% during the last 7 days as did the number of addresses leaving the network (zero balance) by 363.76%. 2.Perpetual Swaps Volume reached a 7-day high. A quick explanation: perpetual swaps are a kind of derivative that does not have an expiration date. Bitcoin Cash perpetual swaps volume saw a big recovery on Wednesday, reaching a 7-day high of $465.96 million. On Wednesday, the volume for perpetual swaps increased by 103% compared to the previous day. 3. The number of on-chain transactions also increased dramatically. At IntoTheBlock we measure the number and volume of on-chain transactions in a given period. On April 8, a total of 95.85 thousand transactions and 1.62m BCH were moved. This number represents a 7-day high and a 180% increase compared to the previous day. 4.The Average Time Between Transactions was also affected As I mentioned before, the block number 630,000 took almost two hours to be completed, and this can be reflected in the average time between on-chain transactions. Before this occurred, the average time on the last 30-days was 10 minutes (same as the block time), but with the problem during the halving, that number increase to 26 minutes on April 9. 5. Most of the activity on Halving day came from the West. As the number of on-chain transactions that Wednesday increased dramatically, we were able to identify that most of the activity on that day came from the East, meaning that 90.43% of the on-chain transactions during that day happened between 10:01 PM to 10:00 AM UTC. This represents quite a bit of an anomaly since the predominance of transactions from All Time was 54% in the west. As you can see, on-chain activity combined with other factors as derivatives provides us a much deeper and insightful understanding of this asset. While the mining activity for Bitcoin Cash was affected after the halving, other indicators tell us that Bitcoin Cash has a strong on-chain fundamental with a good community behind it.
KRAKEN:BCHUSDLong
by MavRich_Trading
2
BCH/USD 60min long. ####### BCH/USD Technical Analysis - 240m - July 24 ####### ##################################################### ~ Active Trend : BULLISH ~ Background Trend : STRONGLY BULLISH ~ Technical Indicators : 50% Bullish, 11% Bearish, 39% Neutral ~ Weights : RSI and CCI bearish Divergence, $5m market Sell order BTC ~ Targets : 242, 260 -------------------------------------------------------------------------------- Sentimental Analysis The basic bullish trend is very strong on BITCOIN CASH - BCH/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 232.50 USD. Crossing the first resistance at 242.49 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 260.26 USD as an objective. Crossing it would then enable buyers to target 308.22 USD. Caution, a return to below 232.50 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
COINBASE:BCHUSDLong
by QuasiFlex
BCH/USD BREAKOUT LONG & SHORT SET UP (HODL)DROP A COMMENT IF YOUR GOING LONG OR SHORT The analyst has drawn the price target price at $225 level. As per the idea, the cryptocurrency will turn bearish and hit the $225 mark before turning bullish. Should the fall complete, the BCHUSD pair will move to a high near the $260 level. Title: BCH/USD BUY SIGNAL Asset : Crypto Type : Limit Order Time Frame : H4 Entry 1 $230.80 Entry 2 $206.40 Sl $168 Tp.1 $268.80 Tp.2 $298.80 Tp.3 $336.80 Tp.4 $396.80 Tp.4 $460.80 Tp.5 $540.80 Tp.6 $662.80 Title: BCH/USD BUY SIGNAL Asset : Crypto Type : SELL STOP Time Frame : H4 Entry 1 $206.80 Entry 2 $200.80 Sl $268 Tp.1 $190.80 Tp.2 $186.40 TP.3 $158.80
BITSTAMP:BCHUSD
by MavRich_Trading
1
BCHUSDt locally signal (LONG)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and put 1 more buy limit on 251.3 targets: 273 and 285-290 after first target reached move ur stop to breakeven stop: 240 (depending of ur risk). ALWAYS follow ur RM . risk profit: 1 to 3 Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive
2
BCHUSDt AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. We are in ascendind triangle. you can enter the market if the current stop loss is satisfactory for you. or a safer option is to open a position on breaking through 255 with stop loss under a level Targets: ~275 and ~290$ (after first target will reached move ur stop to breakeven) cancellation of growth if we rollback and consolidation below 230 Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your questions or suggestions(PM to me).Will be glad earn some money for me and you.
Long
by trytofeelpositive