BCHUSD "Bitcoin Cash" Crypto Market Heist Plan on Bearish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the BCHUSD "Bitcoin Cash" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a trade anywhere,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retreat.
Stop Loss 🛑: Using the 2H period, the recent / nearest high level.
Goal 🎯: 480.00
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Bchusdforecast
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.
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
BCH/USD LONG SET UP $400Key Highlights
• BCH/USD continues to see a series of lower highs in its market valuation.
• There is a likelihood that a notable move will soon experience past an upper range line at $280.
• A break of either of the two range points at $280 or $240 will signal a definite price direction in BCH/USD market operations.
Bitcoin Cash (BCH) Price Analysis
• Major distribution territories: $320, $360, $400
• Major accumulation territories: $200, $160, $120
There has continued to be a series of lower highs in the market valuation of BCH/USD. The base-crypto has relatively risen northbound, to hit a strong distribution territory at $280 as it had earlier done on April 8. Price now hovers around $280 and $240 price values. Price now hovers around $280 and $240 price values.
The bulls’ pressures are now seemingly gathering momentum on a weak mote. And, for the second time that the $280 mark touched, there is a likelihood that a notable move will soon experience past the price line earlier mentioned.
IF YOU MISSED SIGNAL AND WANT TO GET IN! USE THIS SET UP
BUY LIMIT BCH/USD
ENTRY 1 $245.50
ENTRY 2 $238.50
SL $230
TAKE PROFIT 1 $270.50
TP.2 $306
TP.3 $336
TP.4 $360
BCH/USD LONG SET UP FOR (BULL RUN BREAKOUT)Key Highlights
• BCH/USD continues to see a series of lower highs in its market valuation.
• There is a likelihood that a notable move will soon experience past an upper range line at $280.
• A break of either of the two range points at $280 or $240 will signal a definite price direction in BCH/USD market operations.
Bitcoin Cash (BCH) Price Analysis
• Major distribution territories: $320, $360, $400
• Major accumulation territories: $200, $160, $120
There has continued to be a series of lower highs in the market valuation of BCH/USD. The base-crypto has relatively risen northbound, to hit a strong distribution territory at $280 as it had earlier done on April 8. Price now hovers around $280 and $240 price values. Price now hovers around $280 and $240 price values.
The bulls’ pressures are now seemingly gathering momentum on a weak mote. And, for the second time that the $280 mark touched, there is a likelihood that a notable move will soon experience past the price line earlier mentioned.
IF YOU MISSED SIGNAL AND WANT TO GET IN! USE THIS SET UP
BUY LIMIT BCH/USD
ENTRY 1 $245.50
ENTRY 2 $238.50
SL $230
TAKE PROFIT 1 $270.50
TP.2 $306
TP.3 $336
TP.4 $360
Tp.5 $420
Tp.6 $500
support from 200 days moving averagelooks like price is moving upwards as it is getting support from 200 days moving average, but at this point in time, by looking at graph it can go either ways. i will wait for confirmation of trend for long-medium term holding i will enter at around $189-$180 and for short term to ride the wave i will make an entry at around $230. please note these are my personal notes and by no means an advise for anyone to follow, please do your own research before entering into any trade.
BCH looking to move higherWhile BCH has also broken it's trend line, we really need a break above $600 to signal a move higher.
MACD is itching to cross and RSI is lower than it's been in a while.
It seems it's just a matter of time before we get a move up.
Once we break $600 and really start moving up, my first target is $1,600.
Happy Hodling,
-Sherem
Bitcoin Cash 270$-290$ still possibleEvery time Bitcoin Cash corrected it made a reversal of 38.20% who knew it they did short at 38.20% level and made profit by shorting.
Currently Bitcoin Cash is forming a descending triangle on the daily and the 4 Hour Chart. if you want to enter look for 400$ level if it become stable on that area.