BCH/USD "Bitcoin Cash" Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist BCH/USD "Bitcoin Cash" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Point.
Stop Loss 🛑 : Recent Swing Low using 2h timeframe.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Bchusdidea
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 $158.80
BCHUSDt locally signal (LONG)Hello friends.
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Everything on the chart.
open pos: market and put 1 more buy limit on 251.3
targets: 273 and 285-290
after first target reached move ur stop to breakeven
stop: 240 (depending of ur risk). ALWAYS follow ur RM .
risk profit: 1 to 3
Good luck
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It's not financial advice.
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Open to your questions or suggestions(PM to me).
BCHUSDt AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
We are in ascendind triangle.
you can enter the market if the current stop loss is satisfactory for you.
or a safer option is to open a position on breaking through 255 with stop loss under a level
Targets: ~275 and ~290$ (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.
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
BCH Bears are taking control - next support at $189-$180Looks like bears are taking control. For long term trade next good entry would be around $189-$180. i think as soon as market recovers it would easily touch $320-$340 nearly double. please note these are my own notes for my future refernce and by no means any tradnign advise for anyone to follow. please do your own research before entrying into any trade. if you like my idea please like and comments.
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 $230. please note these are my personal notes and by no means an advise for anyone to follow, please do your own research before entering into any trade.
Bitcoin Cash 270$-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.