Warning: BCHUSDT Is Approaching a Dangerous Trap ZoneYello, Paradisers! Are you ready for what could be the next classic fakeout setup? BCHUSDT is heading straight into a high-probability reversal zone, and if you’re not paying attention, this could turn into another painful reminder of how quickly things change in crypto…
💎BCHUSDT is currently showing signs of weakness as it moves toward a major resistance zone. This area is reinforced by a 4H Fair Value Gap (FVG) and the critical 0.618 Fibonacci retracement level — both of which have historically acted as strong reversal points.
💎Adding to the confluence, we’re spotting clear bearish divergence on the chart, which further increases the likelihood of a downward move from this level.
💎If BCHUSDT taps into our resistance zone, we’ll be monitoring for bearish price action confirmation.
💎Ideal patterns to validate the setup include: M-formation, Head & Shoulders, Inverse Cup & Handle.
💎These patterns can help us reduce our stop-loss exposure and improve the overall risk-to-reward ratio — patience will be key here.
💎On the flip side, if price breaks out and closes above our invalidation level, the bearish setup will be completely invalidated. In that scenario, it’s smarter to wait for new, more favorable price action before making any trading decisions.
🎖This is the kind of moment that separates disciplined traders from the emotional ones. Don’t rush in blindly — timing, confirmation, and strategic entries are everything if you want to win consistently in this game.
MyCryptoParadise
iFeel the success🌴
Bchusdt
BCH/USDT "Bitcoin Cash vs Tether" Crypto Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the BCH/USDT "Bitcoin Cash vs Tether" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout (360.00) then make your move - Bullish profits await!"
however I advise placing Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑:
Thief SL placed at the recent / nearest low level Using the 4H timeframe (320.00) swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
1st Target - 420.00 (or) Escape Before the target
Final Target - 500.00 (or) Escape Before the target
Scalpers, take note 👀 : only scalp on the Long 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 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
BCH/USDT "Bitcoin Cash vs Tether" Crypto Market is currently experiencing a bullish trend,., driven by several key factors.
🟤Fundamental Analysis
Bitcoin Cash Adoption: Growing adoption of Bitcoin Cash as a payment method, with increasing transaction volumes
Block Reward Halving: The upcoming block reward halving in April 2025 is expected to reduce Bitcoin Cash's block reward, potentially increasing demand and prices
Competition from Other Cryptocurrencies: Increasing competition from other cryptocurrencies, such as Bitcoin and Ethereum, may impact Bitcoin Cash's market share
🔴Macro Economics
Global Economic Trends: The ongoing global economic recovery is expected to drive up demand for cryptocurrencies, including Bitcoin Cash
Inflation Rate: Global inflation is expected to rise to 3.8% in 2025, potentially increasing demand for cryptocurrencies as a hedge against inflation
Interest Rates: Central banks are expected to maintain low interest rates in 2025, supporting cryptocurrency markets
🟠COT Data
Net Long Positions: Institutional traders have increased their net long positions in Bitcoin Cash to 55%
COT Ratio: The COT ratio has risen to 2.2, indicating a bullish trend
Open Interest: Open interest in Bitcoin Cash futures has increased by 15% over the past month, indicating growing investor interest
🟣Sentimental Outlook
Institutional Sentiment: 60% bullish, 40% bearish
Retail Sentiment: 55% bullish, 45% bearish
Market Mood: The overall market mood is bullish, with a sentiment score of +35
🟡Technical Analysis
Moving Averages: 50-period SMA: 320.00, 200-period SMA: 300.00.
Relative Strength Index (RSI): 4-hour chart: 64.21, daily chart: 60.14.
Bollinger Bands: 4-hour chart: 343.00 (upper band), 320.00 (lower band).
🟢Market Overview
Current Price: 343.00
Daily Change: 3.1%
Weekly Change: 12.5%
🔵Overall Outlook
The overall outlook for BCH/USDT is bullish, driven by a combination of fundamental, technical, and sentimental factors. The expected increase in Bitcoin Cash adoption, upcoming block reward halving, and bullish market sentiment are all supporting the bullish trend. However, investors should remain cautious of potential downside risks, including changes in global economic trends and unexpected regulatory developments.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖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 🤑🐱👤🤗🤩
BCH: Current SituationYou asked, and we delivered.
Bitcoin Cash (BCH) is trading at $331, a pivotal level that’s acting as a battleground between buyers and sellers. This price sits near a critical support zone, and recent price action shows BCH struggling to push higher amid broader crypto market weakness. The total crypto market cap has dropped by 4.4% in the last 24 hours, putting pressure on altcoins like BCH and fostering a cautious sentiment. Social media buzz, especially on platforms like X, has flagged $330 as a make-or-break level, holding here could spark optimism, while a breakdown might fuel bearish momentum. That said, take these posts with a grain of salt; they’re often speculative and lack the full technical or fundamental picture.
Technical Breakdown: What the Charts Are Saying
Short-Term (1-Hour and Daily Charts)
Support Levels:
Immediate: $330 – A close below this could signal trouble.
Next: $315.58 – A deeper drop might test this level if selling picks up.
Resistance Levels:
Immediate: $339 – A hurdle to watch for any upside push.
Next: $350 – A tougher ceiling that’s rejected recent rallies.
Indicators:
MACD: Bearish crossover, suggesting short-term weakness.
RSI: At 46.40, it’s neutral but leaning bearish, room to fall or bounce.
Moving Averages: Price is below the 20-period MA on the 1-hour chart, a sign of near-term softness.
Pattern: A falling wedge is forming, a setup that could hint at a bullish reversal if BCH breaks above the upper trendline with solid volume.
Long-Term (Weekly and Monthly Charts)
Support Levels:
Key: $300 – A major floor to hold for bulls.
Next: $263 – A deeper correction could target this if $300 fails.
Resistance Levels:
Key: $536 – A 50% Fibonacci retracement level and a big hurdle.
Next: $800 – A long-term target if momentum flips bullish.
Indicators:
200-Day MA: Trending down, reflecting prolonged bearish pressure.
RSI/MACD: Neutral on weekly, with no extreme signals yet.
Pattern: A double-bottom around $300 is worth watching, confirmation could spark a reversal, while a drop below $263 would sour the outlook.
Potential Scenarios: What Could Happen Next?
Short-Term Scenarios
Bullish Case:
If BCH holds $330 and punches through $339 with strong volume, it could climb to $350. A break above $350 might target $380, especially if MACD flips bullish. Look for a volume surge to confirm this move.
Bearish Case:
A close below $330 could trigger a slide to $315.58, or even $300 if selling accelerates. High volume on the drop would lock in bearish control, watch this closely.
Long-Term Scenarios
Bullish Case:
Holding $300 and breaking $536 could kick off a new uptrend, with $800 or higher in sight by 2026. This depends on a crypto market rebound and growing BCH adoption for payments.
Bearish Case:
A sustained fall below $300 might drag BCH to $263 or lower, especially if altcoins stay weak. This would kill the double-bottom setup and point to a longer downtrend.
Broader Context: What’s Driving BCH?
Market Sentiment: BCH’s identity as a scalable, low-fee payment option (thanks to bigger block sizes) keeps it in the game, but it faces stiff competition from other coins and regulatory uncertainty. Adoption is key, more real-world use could lift its value.
Tech Developments: Network upgrades enhancing scalability could boost BCH’s appeal. Watch for news on this front.
External Factors: Crypto prices often dance to macro tunes, think regulatory shifts, US economic data (like inflation), or Bitcoin’s moves. These could sway BCH in either direction.
Practical Tips for Traders and Investors
Risk Management: Crypto’s wild, set tight stop-losses and don’t over-leverage. A stop below $330 for shorts or $315 for longs could save your bacon.
Volume is King: Breakouts or breakdowns without volume are suspect. Wait for confirmation.
Stay Flexible: Markets shift fast, keep an eye on news and adjust your plan as needed.
BCH/USD "Bitcoin Cash vs U.S Dollar" Crypto Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
⚔Dear Money Makers & Thieves, 🤑 💰✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the BCH/USD "Bitcoin Cash vs U.S Dollar" 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 thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (320) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or Swing high or low level should be in retest.
📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑: Thief SL placed at (360) swing Trade Basis Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 270 (or) Escape Before the Target
🧲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 💰.
BCH/USD "Bitcoin Cash vs U.S Dollar" Crypto Market is currently experiencing a Neutral trend to Bearish., driven by several key factors.
📰🗞️Read the Fundamental, Macro Economics, COT Report, Seasonal Factors, Intermarket Analysis, Sentimental Outlook, Future trend predict.
Before start the heist plan read it.👉👉👉
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. 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 🤑🐱👤🤗🤩
BCH/USD "Bitcoin Cash vs U.S Dollar" Crypto Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the BCH/USD "Bitcoin Cash vs U.S Dollar" 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 thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (270.00) then make your move - Bearish profits await!"
however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart.
Stop Loss 🛑: Thief SL placed at (310.00) swing Trade Basis Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 210.00 (or) Escape Before the Target
🧲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 💰.
📰🗞️Fundamental, Macro, COT, Sentimental, Positioning, Overall Outlook:
╰┈➤BCH/USD "Bitcoin Cash vs U.S Dollar" Crypto Market is currently experiencing a bearish trend,., driven by several key factors.
🔴Fundamental Analysis
BCH Price Drivers: The current BCH price is influenced by the overall cryptocurrency market sentiment, adoption rates, and regulatory environment.
Ripple's Partnerships: BCH's partnerships with financial institutions and businesses are a key driver of the price.
Competition: The competition from other cryptocurrencies, such as BTC and ETH, is a significant factor in determining the BCH price.
🔵Macro Economics
Global Economy: The global economic environment, including inflation rates, interest rates, and GDP growth, can impact the BCH price.
Cryptocurrency Market: The overall cryptocurrency market capitalization and trading volume can influence the BCH price.
Regulatory Environment: Changes in regulations and laws governing cryptocurrencies can significantly impact the BCH price.
⚪COT Data
Commitment of Traders: The COT data shows that large speculators are net short BCH, indicating a bearish sentiment.
Open Interest: The open interest in BCH futures is decreasing, indicating a declining interest in the market.
🟠On-Chain Analysis
Transaction Volume: The transaction volume on the BCH blockchain is decreasing, indicating slowing adoption.
Hash Rate: The hash rate of the BCH blockchain is stable, indicating a secure network.
Block Size: The block size of the BCH blockchain is decreasing, indicating slowing demand for transactions.
🟢Market Sentimental Analysis
Bearish Sentiment: The market sentiment is currently bearish, with many investors expecting the BCH price to continue its downward trend.
Risk Aversion: The market is experiencing high risk aversion, with investors seeking safe-haven assets such as BTC and USD.
🟡Positioning
Short Positions: Many investors are holding short positions in BCH, expecting the price to continue its downward trend.
Long Positions: Some investors are holding long positions in BCH, expecting a potential bounce or reversal.
🟤Next Trend Move
Bearish Trend: The current trend is bearish, with the BCH price expected to continue its downward trend driven by slowing adoption and regulatory uncertainty.
Support Levels: The next support levels are seen at 210
🟣Overall Summary Outlook
Bearish Outlook: The overall outlook for BCH is bearish, driven by slowing adoption, regulatory uncertainty, and competition from other cryptocurrencies.
Volatility: The market is expected to remain volatile, with investors closely watching regulatory developments, adoption rates, and market sentiment.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. 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 🤑🐱👤🤗🤩
bch buylimit midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
BCH Long Sl -12%BCH/USDT Long Setup
Reason:
Successfully Breakout of trend.
Break of Internal Structure.
Strong Bullish Momentum
All technical indicators suggesting Strong bullish Wave
Best Regards,
The Panda
💲 Pair: BCHUSDT.P
📊 Type: LONG
💰 Suggested Leverage: 8x
🏆 Winrate of Strategy: 88%
🔰 Entry: 326.525
Take Profits:
🎯 Tp1: 345.07 (5.679%)
🎯 Tp2: 377.54 (15.623%)
🎯 Tp3: 435.27 (33.303%)
🎯 Tp4: 489.39 (49.878%)
❌ Stoploss: 284.45 (12.886%)
🛡 Breakeven Target: Tp2
Best Regards,
The Panda⚔️
Bitcoin Cash ($BCH) Surged 35% Today Gearing Up for 70% SpikeThe peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and larger block size Surged 35% Today amidst crypto market volatility potentially gearing up for a 70% spike to the $500 resistance.
Bitcoin cash ( SET:BCH ) was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC) in 2017. Bitcoin cash ( SET:BCH ) chart pattern exhibited series of consolidation pattern that connotes to an upcoming surge and the 35% surge is a prelude to what's coming.
With the Relative Strength Index (RSI) at 65, SET:BCH is more than ready to capitalize on the current bullish engulfing pattern exhibited on the chart.
As of the time of writing, SET:BCH is up 21.78% with data from DefiLlama showing about $7.28M locked in Bitcoin cash network With about $1.92 Billion in volume for the past 5 days.
Bitcoin Cash Price Live Data
The live Bitcoin Cash price today is $388.10 USD with a 24-hour trading volume of $1,009,964,576 USD. We update our BCH to USD price in real-time. Bitcoin Cash is up 25.15% in the last 24 hours. The current CoinMarketCap ranking is #20, with a live market cap of $7,699,166,324 USD. It has a circulating supply of 19,838,141 BCH coins and a max. supply of 21,000,000 BCH coins.
Super Bullish Bitcoin Cash: Double-Bottom Clear SignalHere is another chart that reveals the truth of the market. Bitcoin Cash (BCHUSDT).
Notice a very clear and strong double-bottom based on the new 2025 baseline level. So Bitcoin Cash is now confirmed bullish and trades at the best possible price ever before a massive bullish wave.
This type of signal and chart data confirms what I've been saying, that is, the bottom is in and we are very soon going up.
This soon doesn't mean months nor weeks away, no, we are going up within days. In fact, Bitcoin Cash is super bullish now and moving forward and this growth cannot be stopped. This is a big strong project, not a small project and yet, look at the chart.
The volume is very very low on the drop. The main low already happened on February the 3rd. Here we have a double-bottom while some other pairs produced a higher low. It doesn't make much difference truly. After this event that is happening now, we are going up. Very high up. New All-Time Highs all across.
In 2025 we will have a major bull-market. The bull-market is not over because it is yet to start.
The chart is clear and the signals are clear and we can all agree with what the market has to say. We have so much positive news and positive developments across the market, this will reflect in the price faster that you can expect.
Three days, four days, five days... It is normal to see some consolidation before a massive bullish wave.
Cryptocurrency is going up. Mark my words.
It is very easy right now to buy Altcoins cheap.
It is very easy to buy and hold.
Think long-term.
Namaste.
bch midterm sell limit"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Bitcoin Cash Quintuple Bottom & $2,595 2025 All-Time High TargetBitcoin Cash just tested our 2025 baseline for the fifth time this week. This action gives us a long-term quintuple bottom. A clear establishment of long-term support.
Good afternoon my fellow Cryptocurrency trader, I hope you are having a wonderful day.
This type of action is very good because it clearly reveals what comes next. Both the lows in August 2024 and earlier this month (3-Feb. 2025) ended up lower than the low hit this current week. This is a minor detail but can be really important as it tells of the fact that buyers where ready and waiting at support.
If the low was a lower low, prices moving below 3-February and below August 2024, this would mean that buyers were not present. Even if buyers later show up it is not the same as buyers being ready beforehand. Buyers being ready beforehand means that they know what is happening and know what is coming. This correction is no surprise move but instead well planned. By who? Nobody cares. The truth is that after prices move up they tend to move back down and, after moving down then we get another move up. This is what is important. We are now entering this move-up period/cycle/phase.
Now, this is nothing new. In late 2022 we had a long sideways pattern followed by a break-up (price jump). In 2023 the same dynamic is repeated; sideways prices and then another bullish jump. Finally, 2024 did the same but smaller for this pair. Since Bitcoin Cash moved strongly in 2023 it performed weakly in 2024. Those that performed weakly in 2023 performed strongly in 2024, examples exist such as Cardano.
2025 will be different. Here we have no sideways pattern but instead a long-term lower high. This can be a double-top or lower high, makes not much difference. What matters is the fact that our baseline, Bitcoin Cash's long-term support holds. This holding is the most relevant part because the new rise will start from a strong level, which means that prices will move even higher in the coming months.
2022, 2023, 2024... This is all down. Cryptocurrency moves in a 4 year cycle based on Bitcoin's halving. The year after the halving is the bull-market year. Bitcoin halved in 2020 and the bull-market happened in 2021. Bitcoin halved in 2024 and the bull-market happens now, 2025; Thanks a lot for your continued support.
We are ready for the next price jump, "break-up," as it happened before. But this one will be something especial. A bullish wave within a bullish cycle in a bull-market year ending in a bull-run. Did you notice something in this line? The bears are gone!
Prepare for massive growth.
You can profit massively if you approach the market in the right way.
You can profit with spot or lev. it is all the same.
It would be wise not to become greedy, accept what comes to you.
If you are going to run, say a marathon, you start by training, the training starts with slow walking. Then you start throttling and then finally you run. At first, you only run for a short period of time but you increase little by little, run more and more. Eventually, you can run for hours, but it all started with a slow walk.
It is the same with trading. You can start by earning and accepting the small and little trades. You can earn 10-20%, over and over, again and again. As you get used to the winning you will eventually start to win more. Then you can earn 50%, 100% and continue going higher until you become a winner at the traders marathon.
You cannot start by running 10 miles on the first day.
You cannot start by going all-in with 20-100X.
Let us start small.
If we can create a winning habit, we will be able to win more over the long-run.
Namaste.
BCH , sleeping giant Slowly stabilising on the support and getting ready for the throw, I bet the move will be harsh and fast , in the chart I appointed three tps to show safe places to unload but will try to chase the move and update in the path , the fact is I feel we bottomed out and next will be non stop gains for this lovely dinosaur.
bch buy midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
bch range"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
TradeCityPro | BCH: Breakout or Deeper Correction?👋 Welcome to TradeCity Pro!
In this analysis, I’ll be reviewing BCH. This coin is one of the older assets in the market, with chart data available since 2018. However, the chart I’m analyzing today is from Binance, which provides data from 2020 onward.
📅 Weekly Timeframe
In the weekly timeframe, we observe an uptrend that began at a low of 97.7. The first bullish leg pushed the price to 293.9, followed by a correction down to 189.6, and then another leg up to 693.
🔍 Currently, the price has tested the 693 resistance twice. At the same time, we have an ascending trendline, which was broken in the last weekly candle. The price has also formed a shadow towards the 293.9 support level.
🔽 If the price continues to decline and stabilizes below 293.9, we can confirm a double-top pattern. If this support breaks, the price could move down to 189.6. If the downward momentum continues, we could even see a decline to 97.7.
✨ For a short position, you can enter if 293.9 breaks, accompanied by increasing sell volume. The target for this short position would be 189.6. However, since the overall trend remains bullish, it’s important to manage risk carefully to avoid excessive losses. A break of the 41.72 RSI support could confirm bearish momentum.
📈 On the other hand, if the price stabilizes above 693, it has the potential to move up to 1414.7, which is the highest resistance in this chart and a key level. While BCH’s actual ATH occurred in 2019 and is not visible on this chart, this resistance remains crucial, and the price may react to it.
📅 Daily Timeframe
In the daily timeframe, we see a ranging box between 293.9 and 488.8, with the price now reaching the lower boundary.
⚡️ Following the breakdown of the 407.2 support, the price printed a large red candle, dropping straight to the bottom of the range. A significant support zone exists between 293.9 and 314.6.
💥 The RSI oscillator is currently in the oversold zone, meaning we should wait for a structure to form before taking a position. If the price breaks below 314.6 and 293.9, it could provide a short entry opportunity.
💫 For a long position, patience is required until the price establishes a new structure. If that happens, entering a long position upon a breakout of the structure’s high would be a valid strategy. The next resistance levels at 407.2 and 488.8 can serve both as targets for lower triggers and as new long-entry points.
🔼 The key supply zone is between 618.8 and 700.9—an extremely strong resistance area. If the price manages to break above this zone and hold, it could initiate the next bullish leg, with targets already identified in the weekly timeframe.
⭐️ A break above 56.81 on the RSI would serve as strong confirmation for a long position. Overall market volume is currently declining, so any volume surge accompanying a breakout would help validate the position.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BCH LongBCHUSDT - Bullish Market Structure Shift (MSS) with Liquidity Targets
Setup Overview:
BCH/USDT is showing a strong bullish Market Structure Shift (MSS).
Price has recently taken out sell-side liquidity, confirming a shift in market sentiment from bearish to bullish.
With this shift, the price is now expected to rally towards the buy-side liquidity, which is located higher in the chart.
Key Levels:
Sell-side Liquidity: At 436.0 USDT, price has cleared this level, indicating that sell orders have been absorbed and a reversal is in play.
Buy-side Liquidity: The key target for this move is around 803.1 USDT, which represents the next significant liquidity zone above.
Trade Plan:
Entry:
Enter the trade after confirming the bullish reversal at the current price level, following the market structure shift.
Stop: Place a stop below the recent low (just under the sell-side liquidity level) to protect against potential reversals.
Target: Set a target near 803.1 USDT, as the price aims for the buy-side liquidity.
Conclusion:
With the MSS confirming a shift to a bullish market structure after clearing sell-side liquidity, BCH/USDT is poised to move upwards towards the buy-side liquidity at 803.1 USDT. Watch for the confirmation of upward momentum before entering the trade.
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Be ready for bearish reversal form #BTC top level around $111-112K!!!
#BTCUSD #BCHUSD #ETHUSD #ETCUSD #ADAUSD #TONUSD #SOLUSD
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bch long midterm"🌟 Welcome to Golden Candle! 🌟
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Is BCHUSDT Preparing for a Bullish Reversal or a Steeper Drop?Yello, Paradisers! Are you watching BCHUSDT closely? If not, you might be missing out on a critical setup that could define the next big move. Let’s dive in.
💎BCHUSDT has retraced beautifully within a descending channel, a textbook setup that raises the odds of a potential bullish breakout. However, as always, we must be strategic and patient.
💎If BCHUSDT approaches key support zone after triggering inducement and then begins to form a bullish I-CHoCH (internal change of character) on lower timeframes, the probability of an upward move significantly increases.
💎Should the price fail to show any bullish structure and continue to decline, a bounce from the next strong support zone could still be expected. However, the chances of dropping further from that point are relatively low.
💎Panic selling could change the game entirely. If BCHUSDT breaks below the strong support zone and closes a candle beneath it, the bullish thesis is invalidated. In such a scenario, it’s wiser to step back and wait for clearer price action before taking any positions.
🎖 Patience is key, Paradisers! Always wait for the highest probability setups to ensure consistent profitability. Remember, discipline and strategy are what separate the winners from the rest.
MyCryptoParadise
iFeel the success🌴
bch sell midterm buy limit"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"