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Bchusdsignal

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 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
BCHUSD | A Downward Correction Rally Before Bullish MoveHi friends hope you are doing good and welcome to the new update of Bitcoin cash. After the strong best trend that was started from Feb to March 2020. The price action of the BCH completed the final bearish leg of bullish Shark pattern on the 4 day chart. And on 19th March I posted an idea on this move of Bitcoin cash. I predicted as per Fibonacci sequence of this bullish Shark the price action should move up and enter in the Fibonacci projection area of C to D leg from 0.382 to 0.786 Fib projection. And finally after mid of March the price action moved up and as per prediction it entered in this Fibonacci projection area. And so far it has produced more than 56% bullish rally. Wedge formation and moon phases are giving bearish signals: Now on the daily chart the price action of Bitcoin cash is moving in a wedge since March 2020. The Bitcoin cash has several touches at the support and the price action has also made several attempts for the breakout. But so far the BCH is not able to break out the resistance of this wedge. Here I have placed the moon phases indicator. On upside you can watch the full moon and on the downside the dark moon can be seen. The distance between one full moon to another full moon and from one dark moon to other dark moon is called synodic cycle that is 29.5 days long. Now after the completion of the recent synodic cycle we can see that the new full moon was appeared down than the previous full moon. And the new full moon is inside the wedge below the resistance. And the recent dark moon was appeared below the support and it down than the previous dark moon. So here the moon phases indicator is giving the bearish signal and indicating that the price action might be moved down from here. Moreover I've also placed bollinger bands indicator and we can see that the upper bands of the bollinger bands is below the resistance of the wedge pattern and the price action is not able to cross up the resistance of bollinger bands and can start another downward move up to the suppor. here I have also implemented the volume profile indicator on the complete price action moving within this pattern that is showing that trader’s interest is strong up to the support that is around $225. Therefore a possible move up to the support is expected. However we take a look at volume indicator then even though there is not a big volume but buying volume is being appeared with the continuity and consistently, therefore the buying volume can cancel these bearish signals. Now if we take a look at the balance of power indicator then it can be clearly observed that the balance of power is equally distributed between the bears and bulls. On the chart there are 6 obvious downward moves and 6 openly upward moves by this indicator. And the price action is also following the moves of the balance of power. At this time this indicator has made its 6th upward move and the price action has reached at the resistance. Therefore we can expect the seventh downward move by this indicators. Consistent formation of BATs: Now let me show you the formation of different harmonic BATs with the continuity. On the daily chart the price action of BCH has completed the formation of third BAT pattern and it is forming these harmonic patterns consistently. Let’s dig these patterns out to watch the how perfectly they are formed: After initial leg the A to B leg is retraced between 0.382 to 0.50 Fibonacci. And B to C leg is projected between 0.382 to 0.886 Fib projection of A to B leg. And the final leg has been retraced between 0.786 to 0.886 Fibonacci retracement level. And all these BATs has followed the same Fib sequence. Therefore after the completion of third bearish BAT pattern we can expect a downward move from here. Simple moving averages and resistance of 200 SMA: Now if we watch the simple moving averages with the time period of 25, 50, 100 and 200 then the price action has crossed up all the moving averages. But only 200 SMA is left to crossed up and if we take a closer look on the chart then it can be easily observed that since April 2020 the price action has made several attempts to break out this simple moving average but so far it is unsuccessful. And at this time the priceline of BCH is struggling at this 200 SMA resistance level again. However this time the priceline of Bitcoin cash has the support of 100 simple moving average, therefore if price action will be dropped from here then it may re-test the 100 simple moving average as a support before any other move to the upside. Support and resistance levels: I the month of Feb 2020 the price action was very strong bullish and reached very close to the key level resistance of $500 but unfortunately after reaching at $497 a strong bearish trend was started that leaded the priceline to the first support at $147. After getting bounced from this support level the priceline of BCH broke out the next resistance of $220 and re-tested the previous resistances as support and moved up to breakout the next resistance at $260. So far it is moving between these support and resistance levels between $220 and $260 and now it has formed a parallel channel between these levels. Once the price action will breakout this resistance then it can go to the next resistance at $304 and after breaking out $304 the next resistance would be at $355 and in case of breaking out this hurdle the key level resistance would be at$ 500. If the priceline will breakout $500 then it can reach the highest right ever in the history of Bitcoin cash very soon. Ichimoku cloud and directional movement: On the long-term weekly chart the Bitcoin cash is never able to cross up the ichimoku cloud since this cloud is appeared in the history of BCH as per coinbase exchange. We have witnessed several attempts since may 2019 to break out this cloud but unfortunately so far the price action is moving below the cloud. This time the cloud is turned very weak and the lagging span of the ichimoku is crossing up the candlesticks. This is the first bullish signal that we have received now we can wait for the conversion line to cross up the baseline. And once it will be happened then the ichimoku cloud will be turn bullish and it will be easy for the priceline to breakout this cloud and breaking out this cloud will become a very strong support for the price line of Bitcoin cash to start a very long term bullish rally. If we take a look at directional movement indicator then positive directional indicator has crossed up the negative direction indicator. That is the bullish signal indicating that on the long-term the Bitcoin cash can started a bullish rally. Before this in April 2019 when the positive directional indicator crossed up the negative directional indicators then Bitcoin cash produced 330 % bullish rally. And after that in January 2020 when again +DI crossed up the –DI then the price action of Bitcoin cash started a bullish rally up to 138%. Now the wait is only for the ADX to move up to assign the power to the bulls. Big bullish Gartley a firm signal for long term bullish move soon: Now I would like to recall a very big bullish Gartley pattern that is formed on the monthly chart by the price action of Bitcoin cash. I also a posted this pattern in my previous post as well. After entering in the potential reversal zone now the price action is moving just above this PRZ level and it can start movement to the upside very soon. This bullish Gartley can be very helpful for the priceline to start a long term bullish move. Conclusion: On the daily chart the bearish signals are more than the bullish signals. Therefore we can expect a correction rally up to the support of the wedge that has been formed on the daily chart. But on the long-term chart the Bitcoin cash is turning very strong bullish specially after the completion of very big bullish Gartley pattern on the monthly chart. So the countdown for a very big upward move has begun. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
COINBASE:BCHUSDLong
by moon333
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
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
BITSTAMP:BCHUSDLong
by MavRich_Trading
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
BITSTAMP:BCHUSDLong
by MavRich_Trading
1
BCH short term ideaEverything on the chart (^_^) Trade in profit! Push up Like button if you like my reviews and help you understand the current market situation! Subscribe to the channel and stay tuned for trading ideas that are not trading recommendations. And remember! You must have your head on your shoulders! Do not trust anyone - not even me :) Thanks to your likes, I understand how many people rated my review positively. I spend my personal time monitoring the market situation and share my opinion openly with you. Please take this moment into account and treat it with understanding.
by Cryptalion
3
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.
COINBASE:BCHUSD
by AsimMirza786
FREE ANALYSIS ON BCHUSD - >>FREE ANALYSIS ON BCHUSD Welcome to SiriusTrading (managed by Segunby), Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE, LIKE, LIIIKKKEEE :) - 15 Min we can see a small bearish momentum forming. Currently MACD is showing bearish divergence and same on the Stoch RSI. 1 HOUR Price broken out of the 3 MA's on the chart. Buyer interests also increasing with STOCH RSi turning up. My MA 100 and MA 200 also about to cross over so we might see some bearish move before we see the move up continue. Also a triangle is forming indicating a breakout soon. 4 HOUR Bearish. Price below the MA's and in fact tested the MA 100 and was rejected. All MA's have converged, we should see start of another break out. 1 Day Bullish. We are see a correction of the previous bull move up. Price tested the 100 MA. Hidden divergence found on MACD and Stoch RSI. expecting move move up. OVERALL bullish Outlook for BCHUSD - Thanks for reading See previous analysis Please share your thoughts and views on my analysis and don't forget to like it and share with others. #forextrading #forextrader #forexlearning #forex #stocktrading #investor #wallstreet #motivation #investment #bitcoin #investing #cryptocurrency #stocks #passiveincome #daytrading #stockmarket #crypto #forexprofit #pips #currency #financialfreedom #workfromhome #success #money #entrepreneur #stay #achieve #wealth #luxury
KRAKEN:BCHUSDLong
by SiriusTrading