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Bitcoincash

Bitcoin Cash (BCH) PUMPRecently, Bitcoin Cash has been pumping so strongly that everyone is puzzled why. Technical-wise, not important why. The important thing is the pattern or patterns that happened before the pump. There is a pattern that occurs not very often, but when do, a strong wave can follow after that. It's called a double triangle pattern; as in the case of BCH, we can see this pattern. As said before, this pattern does not happen very often, but when do, it's lucrative to catch it. If you see any crypto or token that might be forming this pattern, please share the name or your analysis here. For start, it seems Fantom (FTM) is forming its second triangle pattern; Check out its analysis. So, keep an eye on it.
BINANCE:BCHUSDLong
by SaeedSalehinia
3
Coinbase Sets to Launch Futures Contracts for Bitcoin Cash Coinbase, the largest American crypto exchange, is poised to launch futures trading contracts for Dogecoin ( CRYPTOCAP:DOGE ), Litecoin ( CRYPTOCAP:LTC ), and Bitcoin Cash ( CRYPTOCAP:BCH ) on April 1st, 2024. This bold step by Coinbase Derivatives marks a significant expansion of offerings, opening new avenues for traders and investors alike. The decision to introduce futures contracts for these three cryptocurrencies underscores their growing prominence within the crypto space. Despite Dogecoin's humble origins as a meme coin, its meteoric rise in market capitalization has propelled it into the upper echelons of the crypto world. Similarly, Litecoin and Bitcoin Cash, both stemming from Bitcoin's lineage, have garnered substantial attention and adoption, making them prime candidates for futures trading. Coinbase's move to list futures contracts for CRYPTOCAP:DOGE , CRYPTOCAP:LTC , and CRYPTOCAP:BCH represents a strategic maneuver to tap into the burgeoning demand for diverse investment instruments in the crypto market. By leveraging the self-certification approach under CFTC Regulation 40.2(a), Coinbase can swiftly introduce these products while ensuring compliance with regulatory requirements. The introduction of futures trading for these cryptocurrencies not only provides investors with additional avenues for portfolio diversification but also underscores the maturation of the crypto market. As cryptocurrencies continue to gain mainstream acceptance, traditional financial institutions are increasingly recognizing their potential as viable investment assets. Coinbase's bold move signals a growing convergence between traditional finance and the crypto sphere. As cryptocurrencies continue to redefine the financial landscape, innovative initiatives like futures trading for CRYPTOCAP:DOGE , CRYPTOCAP:LTC , and CRYPTOCAP:BCH pave the way for broader adoption and acceptance. In conclusion, Coinbase's decision to launch futures trading contracts for Dogecoin, Litecoin, and Bitcoin Cash heralds a new era of possibilities for the cryptocurrency market. As these digital assets gain traction and legitimacy, investors stand to benefit from increased accessibility and diversity in trading options. While regulatory challenges persist, Coinbase's initiative underscores the transformative potential of cryptocurrencies in reshaping the future of finance.
BINANCE:BCHUSD.PLong
by DEXWireNews
BCH: Bullish PennantTrade setup : Bullish breakout from a Bullish Pennant pattern, in the direction of the existing Uptrend. Price could revisit $500 for +10% upside potential or higher. Stop Loss (SL) level at $415. Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $300. The nearest Resistance Zone is $500, then $650.
Long
by altFINS
Bitcoin Cash Halving 2024: A Golden Opportunity for Investors?Bitcoin Cash ( SET:BCH ) enthusiasts and investors are eagerly eyeing the upcoming halving event scheduled for April 4, 2024. With just a few weeks left until this critical network event, the cryptocurrency community is abuzz with speculation about its potential impact on BCH's price trajectory. As miners prepare for reduced block rewards, questions arise about whether Bitcoin Cash's halving presents a lucrative buying opportunity for investors. Understanding Bitcoin Cash Halving: Bitcoin Cash ( SET:BCH ) operates on a four-year or 200,000-block halving cycle, a mechanism designed to control inflation and ensure the scarcity of the cryptocurrency. The upcoming halving will see the block reward slashed from 6.25 BCH to 3.13 BCH, compelling miners to reassess their strategies in light of reduced profitability. Miner Sell-Off and Market Dynamics: In anticipation of the halving, miners have engaged in a significant selling spree, offloading approximately 2.51 million SET:BCH worth around $1.1 billion. This trend, driven by the desire to capitalize on high prices before rewards diminish, has led to a decrease in miner reserves. However, historical data suggests that such sell-offs tend to reverse post-halving, with miners accumulating reserves once again. Impact on Mining Difficulty and Revenue: As unprofitable miners exit the network due to reduced rewards, mining difficulty is expected to decrease, potentially enhancing revenue for remaining participants. This phenomenon was observed during the 2020 halving, where a decrease in mining difficulty coincided with significant price gains for Bitcoin Cash. Analyzing Price Trends: Bitcoin Cash's price has experienced a notable dip of around 20% in the lead-up to the halving, mirroring patterns observed before previous halving events. However, past performance indicates that such downturns often precede bullish cycles post-halving. With SET:BCH currently trading around $464 as at the time of writing, investors may view this correction as an opportune moment to enter the market. Long-Term Holder Sentiment: On-chain data suggests that long-term holders are positioning themselves for a bullish post-halving cycle, indicating confidence in Bitcoin Cash's future prospects. This sentiment aligns with historical precedents, where halving events have often catalyzed significant price appreciation for cryptocurrencies.
BINANCE:BCHUSD.PLong
by DEXWireNews
Cryptolean Bitcoin Cash BCH Update Bitcoin Cash is trying to reverse from the daily support zone of $377-$395. A bullish reversal from this support zone will result in a move to re-test $435-$451. A bearish break-out of $377-$395 will push BCH price lower towards $341. Intraday Chart The BCHUSDT 4-Hour chart is trying to escape bearish zone and get back to above $389. A bearish rejection of $389 will lead to Bitcoin Cash price declining to $303-$327, the key intraday support zone, however on the way to this zone BCH will have to deal with $361 support. A bullish break-out of $389 will push price to re-test $442, however the price action may be slow and choppy. Support once read! Thank you.
COINBASE:BCHUSD
by Trade-Lean
🚀 BitcoinCash (BCHUSD: Long-term bullish triangle◉ Preferred count ● COINBASE:BCHUSD ,🕐TF: 1D 🔮Forecast from 01/24/2022; Fig.1 ● COINBASE:BCHUSD ,🕐TF: 1D 🔮 Forecast from 06/21/2023; Fig.2 ● COINBASE:BCHUSD ,🕐TF: 1D 🔮 Forecast from 03/05/2024; Fig.3 The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 . Inside the triangle, subwaves (A) , (B) and (C) have already been completed, and then subwave (B) develops. At the end of the sub-wave (D) , I plan to shorten part of the long position, because there is a possibility of exiting the sideways pattern downwards (see Alt.). ______________________ ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 03.11.2023; Fig.4 ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 02/28/2024; Fig.5 ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 03/05/2024; Fig.6 At the beginning of 2023 there were options for a minor update of the low of 86.80 , but we focused on the bullish counting. Last November, signals appeared in favor of a triangle in wave (b) of ((i)) (Fig. 4). As you can see, the forecast worked almost perfectly. Yes, the formation of wave (c) of ((i)) in one form or another can continue, but most of the upward movement is most likely already behind. We are preparing for the beginning of the correction in wave ((ii)) . ______________________ ◉ Loc. Alternative count ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 01/24/2024; Fig.7 ● BINANCE:BCHUSD ,🕐TF: 8h 🔮Forecast from 03/05/2024; Fig.8 There was an alternative, but it was co-directed with the preferred wave scenario. Based on the depth and shape of the downward correction, we will look at which marking option is most likely. ______________________ ◉ Alternative count ● COINBASE:BCHUSD ,🕐TF: 2D 🔮Forecast from 03/05/2024; Fig.9 There is not enough historical data to speak with confidence about a bullish pattern. It is quite possible that the triangle is a wave (X) inside a double downward zigzag. With an eye on the negative scenario, I plan to partially exit the long position if there is a completed zigzag C of (X) .
COINBASE:BCHUSD
by TradeWaves-EWA
5
Bitcoin Cash Is Breaking Out Of Bullish TriangleBitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle pattern in wave (IV), which looks to be completed after recent break above 300 region.
COINBASE:BCHUSDLong
by ew-forecast
4
BCH/USD Secondary trend. Wedge. Area 96 ArtemisThe graph is logarithmic.Time frame is 3 days. Secondary trend. The wedge is in the final phase of its formation. The price is in its band near the support area of 96. Local double bottom 72% may be formed inside the wedge. Its confirmation and embodiment will bring the price closer to the wedge resistance breakthrough (red line). The price is near the area of historical lows of $77. The price is now $115 Percentage from the key local zones shown on the chart. Remember, the price is now within the wedge band. Coin in coinmarketcap : Bitcoin Cash Line chart. Local trend . Double Bottom Zone. Main trend was shown earlier in this trading idea. BCH/USD Main trend. Breakdown of the channel. The important zone Main Trend. Linear chart.
COINBASE:BCHUSD
by SpartaBTC
63
Bitcoin Cash Spiked: A Surge in Mining Power & Market DynamicsBitcoin Cash ( CRYPTOCAP:BCH ) has witnessed a remarkable surge in value and mining power, signaling a resurgence in interest and confidence within the cryptocurrency community. Despite originating from the same roots as Bitcoin (BTC), BCH has carved its own path, fueled by debates over block size and scalability. Let's delve into the recent developments surrounding Bitcoin Cash, exploring its market dynamics, mining trends, and potential for future growth. Unprecedented Growth and Market Dynamics: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge, with a staggering 58% increase in value on March 2nd, underscores its resilience and potential for growth. Despite BCH's market capitalization standing at $9.40 billion, significantly lower than Bitcoin's towering $1.20 trillion, the cryptocurrency has exhibited robust momentum, boasting a 78.5% surge in weekly performance. Trading at $479, CRYPTOCAP:BCH is challenging multi-year resistance levels, potentially paving the way for a substantial price spike. Shift in Mining Preferences: One of the most notable developments is the surge in Bitcoin Cash's mining power, with an average hashrate jump of 102.5% to 8.01 EH/s as of March 3rd. This surge in mining activity echoes the network's resilience and attractiveness to miners, indicative of its robust security and engagement levels. Unlike Bitcoin's speculative interest, Bitcoin Cash is positioning itself as an efficient medium of exchange, emphasizing scalability and practical utility. Community Initiatives and Future Prospects: The Bitcoin Cash ( CRYPTOCAP:BCH ) community is actively championing the cryptocurrency as a global electronic cash system, aligning with evolving market trends. Developers are venturing into decentralized finance (DeFi) and Web3 initiatives, introducing CashTokens to enhance BCH's practical use cases and adoption. With a focus on scalability and utility, Bitcoin Cash ( CRYPTOCAP:BCH ) aims to establish itself as a viable alternative to traditional payment systems, fostering widespread adoption and mainstream acceptance. Conclusion: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge and resurgence in mining power underscore its resilience and potential for growth in the ever-evolving cryptocurrency landscape. As BCH continues to differentiate itself from Bitcoin and carve its own path, its emphasis on scalability and practical utility positions it as a formidable player in the digital currency ecosystem. With community-driven initiatives and a focus on enhancing adoption, Bitcoin Cash is poised to expand its influence and establish itself as a leading contender in the global electronic cash revolution.
BINANCE:BCHUSD.P
by DEXWireNews
1
Bitcoin Cash Surges 40% Ahead of Halving & Jessica Upgrade!In a surprising turn of event, Bitcoin Cash ( CRYPTOCAP:BCH ) soared 40%, driven by anticipation for its halving event and the implementation of an adaptive block size limit algorithm, signaling strong investor confidence and a bullish outlook for the cryptocurrency. Significant Price Rally as Halving Approaches Over the week, Bitcoin Cash ( CRYPTOCAP:BCH ) witnessed an impressive surge, surging over 40% to peak at $451. This rally brought its monthly gain to 88%, far outstripping Bitcoin’s ( CRYPTOCAP:BTC ) growth over the same period. Currently, with a market capitalization of $8.71 billion, CRYPTOCAP:BCH is trading around $444, having briefly touched $451. The anticipation surrounding its upcoming halving event, scheduled for around April 1, 2024, and the expected network upgrade in May, has fueled this rapid price increase. Post-halving, the reward for BCH miners will be halved from 6.25 BCH to 3.125 BCH, a change eagerly awaited by the market. Anticipated Network Upgrades Spark Interest The Bitcoin Cash ( CRYPTOCAP:BCH ) community is particularly excited about the annual May fork, which aims to implement an adaptive block size limit algorithm. This significant upgrade is designed to address an economic vulnerability that led to the BCH/BTC network split in 2017. According to BCH developer Jason Dreyzehner, the algorithm will adjust the block size limit based on network usage, potentially doubling the maximum block size annually at peak growth. This adaptive approach seeks to balance infrastructure costs with network capacity, ensuring Bitcoin Cash can scale effectively to meet demand. Market Reaction and Trading Volume Insights Following this surge, Bitcoin Cash ( CRYPTOCAP:BCH ) now ranks 11th in trading volume among over 10,000 cryptocurrencies. Tether ( CRYPTOCAP:USDT ) is the most traded pair with CRYPTOCAP:BCH , accounting for more than 53% of transactions. Notably, in South Korea, CRYPTOCAP:BCH trades at a premium, averaging $467.75 compared to the global average of $444. This premium highlights the strong demand and positive sentiment towards BCH in specific markets, further emphasizing its global appeal and the widespread anticipation of its forthcoming technical advancements. The Road to the Jessica Upgrade As the community eagerly awaits the CRYPTOCAP:BCH Jessica upgrade, excitement continues to build over the adaptive block size limit algorithm. This innovation is seen as a pivotal moment for Bitcoin Cash ( CRYPTOCAP:BCH ), potentially resolving longstanding debates over network throughput and scalability. The previous Cashtokens upgrade in May 2023, which introduced smart contracts and on-chain tokenization, set the stage for this next phase of development, underscoring the CRYPTOCAP:BCH community’s commitment to continuous improvement and innovation. Conclusion The remarkable 40% surge in Bitcoin Cash’s value highlights the cryptocurrency’s strong market position and the optimistic outlook from investors and developers alike. With the halving event and the adaptive block size limit upgrade on the horizon, CRYPTOCAP:BCH is set for significant changes that could redefine its utility and scalability.
BINANCE:BCHUSD.PLong
by DEXWireNews
Bitcoin Cash price might rise above 265Hi everyone, Bitcoin Cash managed to stay above 200 price level and now trading above 200-220 support area. At the moment BCH is looking exteremely bullish and most likely it will touch lower boundary of 265-290 resistance area. At this point I see that BCH can trade within 265-290 area but don't think that it can rise higher than that. It also depends on if Bitcoin price manage to hold above 29k-30k levels. Overall Bitcoin Cash is looking very bullish and I don't expect significant downfall on it. Let's see how far Bitcoin Cash will manage to rise. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
11
BCH/USDT Could BCH Break the key resistance or will be rejected?💎BCH has recently demonstrated significant market dynamics, currently facing a key resistance area. 💎 A successful breakout above this resistance could lead to a significant upward movement, probability reaching our target area. 💎 However, if BCH fails to break this key resistance level, it may face rejection and retreat towards the demand area around $289. This retracement could serve as an opportunity to build new momentum. 💎 If BCH fails to bounce from the demand area and attempts to break the resistance again, it could indicate weakness. In such a scenario, there is a possibility of a breakdown, with BCH returning to test the support of the ascending channel, and potentially moving even lower.
by MyCryptoParadise
BCH/USDT Potential BCH Back test on the resistance of ascending!💎 BCH has recently exhibited significant market dynamics. Currently, BCH is in the process of climbing upward and is testing the resistance trendline of the ascending channel, which probability coincides with the Bearish OB and supply zone. 💎 If BCH fails to break above this resistance, the price may retreat to the support trendline area. Historically, BCH has often bounced back after touching the support trendline of the ascending channel. However, a breakdown below this support could signal a bearish trend reversal, potentially leading the price to the demand area in the range of $219 to $212. 💎 The demand area is a critical zone where a bounce is necessary to sustain the upward movement. A concerning scenario would unfold if BCH breached the demand area, confirming a downward trend with the price likely targeting lower support levels.
by MyCryptoParadise
1
Long Bitcoin Cash (BCH) to $310Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range. We do have some resistance to get through. 237 is a level of resistance along with the 100 day SMA just above that. But if those can be defeated, we're well on our way. Target #1 - 254 Target #2 - 270 Target #3 - 288 Final Target - 311 I plan to take 25 percent off at the first target and raise my SL to break even. Thereafter, every target reached will be another quarter off of my full position and a raised SL to the preceding level. Risk/Reward on this is a healthy 5/1 with my stop out placed at 222. Best, Stew
COINBASE:BCHUSDLong
by stewdamus
BCH is going up regardless BTC. Another 100% profit.BCH is strong and is rising, while BTC is currently down. Why is that? If we take a look at the price action, we can see that it very much differs from the BTC price action in many ways. We have had a range that broke up, and the price is currently almost at the previous major swing high from June 2023. My Elliott Wave count suggests that we should see a huge pump soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! I am not a huge fan of BCH, but there are some facts. Why BCH? Bitcoin Cash was considered by some supporters to be the legitimate continuation of Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash. From a technical perspective, Bitcoin Cash is similar to the Bitcoin algorithm. Namely: both projects have a hard cap of 21 million coins and also use Proof-of-Work (PoW) consensus framework and nodes to verify transactions. Unlike Bitcoin (BTC), Bitcoin Cash aims to scale to 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. As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
4
BCH: Sideways ChannelTrade setup : Trends are mixed. Trading in a Sideways Channel ($215 - $260). Swing Traders: can trade the channel: enter near $215 support, with +20% upside potential back to $260 channel resistance. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 - $150. The nearest Resistance Zone is $260, then $330.
Long
by altFINS