Bitcoincash
Ethereum - Prepare For The $2,150 Double TopI've heard that a number of "Chinese Partners" and even their wallets were directly involved in the formation of the Ethereum Foundation.
Whether that's true or not, the reality is that too much of today's digital currencies are connected to the Chinese Communist Party, and that's a big problem for long term bulls when the United States and its allies are talking about "de-risking" from China and Xi Jinping is not in anyone's good books.
Moreover, with the 24-year persecution of Falun Gong by the CCP hanging over everyone's head, being bullish on anything with its roots in China is like asking to get "Zeroed Out" in the truest sense of the word overnight, one night.
At present, you're being told that a bull market is not only coming, but here.
However, with the exception of Bitcoin Cash, which I actually called in like August of last year but it took forever to pan out and I forgot about it:
You're already pretty close to the tops.
Once we're finished here, early bulls aren't going to like their bags and a lot of these alts you think you're smart buying are going to end up at zero because they won't be listed on the federally regulated exchanges or Coinbase.
Anyways, here's the situation.
Bitcoin futures (futes is all that matters) supports a move to $33,000 to $35,000 based on the monthly bars, which I outline in a very accurate call here:
Bitcoin - Balance Amidst FUD
However, Ethereum futures does not support a new high because it already rebalanced the gap in April:
The overall macro situation in the broader markets are also not good at the moment, and a lot of things are about to change. You can view my calls included below and decide for yourself what you want to believe in.
June 30 is also quarter end for the real economy.
Because a new high is not likely, and Bitcoin is primed to go another 10%, where we're at is that we're looking more at either a $2,050 almost-top or a $2,130 double top.
The technicals on this particular trade are also that Eth broke to the bottom of a triangle/flag before it went up.
When it broke to the bottom it neither took out a key pivot nor did it rebalance a key gap, which it really should have done if the target was, say, $4,000 again.
So, if you ask me, you're about to get a time to sell your longs and go short. But they're telling you it's time for you to go long for the super moon.
But what if the moon is still a long ways away?
It's a long fall back to $1,000 if the furus and the Discords and the megaphone accounts are wrong.
The call:
1. Ethereum does not make a new high
2. Do not buy the dip. Short the rips after the rejection confirmation.
3. Keep shorting baby
4. Short and short and buy it all back low
If you can enlighten to it you'll do pretty well. If you can't, you'll lose a lot of your future, won't you?
BNB Setup For Bull RunRight now BNB is a coin that reminds me a lot of the Bitcoin Cash chart just before it broke the 200 daily MA and exploded 200% in price days ago. The market structure is eerily similar to the year long accumulation BCH went through and like a tender smoked roast, BCH cooked on low and slow for a whole year boring traders to sleep before BOOM, a break above the 200 daily MA happened and the rest is now history. BNB has that same year long low and slow market structure currently but has not broken its 200 yet. It is still quietly in accumulation (possibly) but looks primed for a markup in price soon.
Also, Bnb's weekly is attempting to put in a double bottom at a nice 88.6% fib retracement. That being AFTER it made a 100% retrace just over a year ago to date.
A target of around 385 seems fair if and only if this 244 level holds on the weekly which is no gaurantee due to alt coins being so illuiquid in comparison to btc and eth. A true stop loss would be just below 184 but a tight stop loss below 220 is fine and maybe even wise.
A run to 385 would equal a +50% move in price.
Coinbase - The Moonboy GuillotineFrankly speaking, Coinbase is a stock you actually want to keep a careful eye on, because as the US/International regimes fully integrate digital currency, Coinbase is quite likely to be a key organ of the network.
But for now, this thing is worth $14 billion still and at a time that the crypto market is doing really poorly, Binance and Tether are ticking timebombs waiting to go full Mt. Gox, and banks are about to establish real crypto exchanges.
The current breed of digital currencies, including Bitcoin and Ethereum, are things that have been corrupted by Chinese Communist Party entities.
All the way from the mining cartels to the communities to the Ethereum foundation, there are links to mainland China every step of the way.
And this is something you should really be worried about when the new International Rules Based Order policy is about "de-risking" from China.
And moreover, China has a lot of problems from the pandemic, the coming possibility that Xi Jinping will coup d'etat the CCP in the middle of the US night one day soon, and the looming persecution of Falun Gong since 1999 by the Jiang Zemin faction.
The timing is a little off to go long, but since you're being told it's time for $100,000, if you believe it, then I suppose you've consented to losing your money.
Right now I have calls on Bitcoin for $33,000 to $35,000:
Bitcoin - Balance Amidst FUD
And Ethereum for a $2,130~ double top:
Ethereum - Prepare For The $2,150 Double Top
In my opinion, with the chart set up and pattern, the Coinbase market maker is not going to create higher prices.
The target is below the December low.
Numbers like $15 or $18 are what the low will look like ultimately.
And so right now if you're long on this I recommend you sell on a breakout of this April-July trendline around $69.
If you don't sell your shares now I really do believe these prices won't be seen again for at least 2 years.
I do not believe price will break $72 because the market maker is actually short.
For now, the trade gives a scalp opportunity to go from $61 to $69 as well.
The target is the very bottom. And then a new new bottom of the new bottom.
Afterwards, perhaps Coinbase will rise again.
Bitcoin Cash - Don't Long The TopThe current generation of digital currencies are something I really implore you to lose all faith in. At this point in history, they are old, and have been corrupted by various factors using the "Embrace, Extend, Extinguish" technique.
In the short term future, the existing cryptos will be significantly marked down as a result of Central Bank Digital Currencies, and probably something like a "One World" or "New World Order" CBDC being issued as part of the coming social credit system.
Social credit is a despicable importation of the Chinese Communist Party's Zero-COVID scheme, and nothing you should look forward to.
No, they aren't going to make your bags of retail memecoins part of the system. JP Morgan forked Ethereum for themselves and SWIFT is already testing on it, lol.
George Carlin once said, "It’s a big party and you are not invited!"
Moreover, so much of the crypto community is the criminal underworld, and a lot of it is directly linked to the CCP. Many of the miners are linked to the CCP, everything is linked to the CCP, and in the worst way.
This will be a big problem for people in the near term future, especially with the geopolitical risks of Xi Jinping against the International Rules Based Order and the Jiang Zemin faction.
The IRBO is dirty with Jiang and Jiang is responsible for the 24-year-long persecution and genocide against the 100,000,000 practitioners of Falun Dafa meditation.
But at present, Bitcoin Cash is both a dumpster coin and not a dumpster coin.
Although it was supposed to be the thing that preserved the original Satoshi whitepaper, it too was corrupted in the 3E paradigm and has, unfortunately, always been little more than something for SHA256 miners to algorithmically cycle to depending on difficulty vs coin cost.
This means as long as Bitcoin mining exists that Bitcoin Cash will have a healthy market. But it also means there's a lot of incentive to dump it, and dump it again, since dumping it can break miners and rebalance the equation.
Fortunately, the technicals on BCH for a rally are actually solid for the monthly, weekly, and daily candles, which are all that matters.
Monthly
Weekly
Daily
When a lot of people look at the Daily and 4H charts, they're going to see a "bull flag," a continuation pattern, and feel that for sure the "next leg up" is for certain $500.
These meme patterns don't exist. Nobody with hundreds of millions of dollars at risk is buying or selling anything based on trendlines and bat patterns. Give your head a shake and wake up.
In my view, what BCH will do is this:
First, it will break the $268 low. Think like sub $250.
Second, it will rally to $350
Third, that's the end of the fun for longs
The best scenario bulls will have ahead of themselves afterwards is a retrace to $130-$150.
But in reality, if the markets-at-large, and especially crypto, are as unhealthy as they appear, then that low at $86 is not going to hold.
So, top longers, can you hold a bag to a raid to $25 that only takes a few months and scares you to death?
Speculating in digital currency is very dangerous. The only people making the market are not your friend.
There are few friends in crypto. It's mostly just a bunch of useful idiots doing Marxist things and yammering about "The Plan" as if they've enlightened to reality.
BCHUSD Is Pointing Higher Within A Bullish ImpulseBitcoin Cash with ticker BCHUSD is one of the first weaker ALTcoins with a massive recovery away from the lows. In the 4-hour, we are tracking wave 4 correction after a completed an extended wave 3. It's bouncing sharply and strongly from projected support after a three-wave (A)-(B)-(C) corrective setback in wave 4. So, seems like wave 5 is now underway that can send the price up to 350 – 400 area.
Bitcoin Cash (BCH) forming a bullish BAT for upto 12% pumpHi, dear friends, hope you are well and welcome to the new trade setup of Bitcoin Cash (BCH) with US Dollar pair.
On a 4-hr time frame BCH is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Bitcoin Cash aspire to the moon.Hi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash continue to crash all resistance levels one by one and aspire to the moon. For the last couple weeks BCH price increased by over 200% and trading above 300 at the moment. To be honest I didn't expect this huge rise and it was very much surprising to me. Overall, I expected that BCH will rise but not so much. As I see there is only one main resistance remained on its course. I indicated this resistance area from 390 to 420. Also, take a note on weekly volume. It's extremely high and usually after such huge volume we can expect some price correction. Let's see how far BCH price can go.
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The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
BCHUSD hit the MA200 (1w) after 1.5 year. Major bullish sign.BCHUSD hit today the MA200 (1w) for the first time since the week of January 3rd 2022.
This represents so far a massive +200% rise in the last 2 weeks.
The RSI (1w) is deep inside the overbought zone but so it was in January 2021 during a rally similar to today's.
Trading Plan:
1. Buy after the first red (1w) candle.
Targets:
1. 735.00 (Resistance 2).
Tips:
1. You may target Resistance 1 (392.50) initially if you don't want to commit much on the long term and buy for the higher target after the MA50 (1d) is tested and holds.
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BCHUSDT ---> %78 PROFIThello guys...
There is such thing as a free lunch :)
as you can see bch broke the descending wedge
after that did a sharp move and at the same time, it broke the previous resistance level
If the price retraces to $174 level you can get a long position and hold it until $316!
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Look at BTC ! Golden Hoop Stick !Look at BTC ! Golden Hoop Stick !
Bitcoin Cash has risen sharply in the last two weeks, which is exactly the time point of the first anniversary of Bitcoin Cash cash from June 2022!
Now the strong pressure of Bitcoin Cash cash is 344.52 in the week of April 18, 2022; Now the strong support of Bitcoin Cash cash is at the opening price of 188.91 in the week of June 6, 2022!
Normally, the real starting time for a variety to enter the long-term horizontal market is generally about 3 years. The recent surge of Bitcoin Cash cash will wait and see whether it is a long time to roll over or really get up!
BCH breaking all resistanceHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash continue to crash all resistance levels and aspire to the moon.
BCH broke very important level at around 150. BCH price was accumalating under that level for almost a year and now price squeezed to the moon. Now it's important for BCH price to remain above 170 and higher. As I indicated in my last post about BCH, if price break 150 resistance level than next likely stop is 200. So far price tapped 220 and now went at about 200. If this impulse continues than I expect price to reach 260-280 price which will be next big resistance.
Also, take note on the volume. This week there is extremely high volume on BCH weekly chart which can indicate on potential reversal at least up to 170-160 level. But for those who want to short BCH need to be extra careful because price can easily go to 270 resistance level.
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Bitcoin Cash BCH price what is happening, why is it growing?The goal from the previous BCHUSDT idea, which was drawn on the chart, has been achieved, that's why it is worth updating the picture and thoughts.
By the way, in the same previous idea, we described a lot about Bicoin Cash and our memories associated with this project on the crypto market.
So, in a little over a week, the price of BCH has grown by +130%, which is a super rapid growth that has not been seen since the end of 2018.
We don't know what this rapid growth is due to, maybe you will share important information in the comments below the idea?
In our opinion, before continuing the growth wave to t he next targets of $340 and $550 , the BCHUSD price should correct in the coming days.
And the $150-160 zone is a "tasty area" for buying BCH, of course, if you believe that the project has been resurrected and has great prospects.
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BCH preparing to rip and dipTitle says it all.
I think there is a bit more upside, up to perhaps 300$ level. I would rather be a short at this point than a long.
I will short at 225$ and add if we reach 300$ add to short again. Then I pray for a drop to around 160$ to GTFO (Goat The F Out).
Not a financial advice. This can fail like everything else :) play according to your risk tolerance :)
BCH: Rally UnleashedBitcoin Cash (BCH), a prominent member of the cryptocurrency market, has recently attracted significant attention, primarily due to its remarkable price rally. Currently trading at approximately $217.2, BCH has seen a substantial 14% surge over the past 24 hours. This volatility not only demonstrates the dynamic nature of cryptocurrency markets but also underlines the importance of careful analysis and consideration for both investors and traders. This article aims to delve deeper into the technical and fundamental factors contributing to BCH's current market situation and future potential.
Technical Analysis: Indicators and Interpretation
Starting with the technical analysis, it is essential to highlight the integral role of various indicators. When examining the BCH price chart, we utilize a wide range of tools that assist in understanding the prevailing market conditions and potential future directions.
Relative Strength Index (RSI)
The RSI, a tool used to measure the speed and change of price movements, currently stands at 64 for BCH. Typically, an RSI above 70 indicates overbought conditions, suggesting a possible price pullback. On the other hand, an RSI below 30 is a sign of oversold conditions, which could lead to a price increase. With BCH's RSI sitting at 64, it teeters towards the overbought territory but still maintains a safe distance. This suggests that there might still be room for upward price movement before a potential correction phase.
Moving Average Convergence Divergence (MACD)
Next, the MACD, another momentum oscillator, reveals a reading of 6 for BCH. When the MACD is positive, as it currently is for BCH, it suggests that the overall trend is bullish. The fact that the MACD line remains above the signal line further solidifies the bullish market sentiment surrounding BCH at the moment.
Volume Oscillator
In trading, volume is an often overlooked but crucial factor. The volume oscillator for BCH currently stands at -1%, which implies that the volume is relatively stable. Stability in volume, especially in a bullish trend, can be a positive sign as it shows the trend is not weakening and might sustain.
Bollinger Bands
Bollinger Bands are used to identify potential buy and sell signals for an asset. For BCH, the upper, middle, and lower Bollinger bands indicate $222.9, $200, and $178.8, respectively. Here, the upper band at $222.9 forms a significant resistance level that BCH touched once on June 24th. On the contrary, the lower band at $178.8 serves as a critical support level, acting as a safety net to prevent further price drops. The price action bouncing between these levels is something traders should observe closely.
Fibonacci Levels
Looking at different time frames, we notice the Fibonacci levels offering crucial insights. On a 4-hour chart, the zero level of Fibonacci is at $221.9, the half level at $163, and the first level at $104.8. The daily chart shows the 4.236 level of Fibonacci at $236. This divergence in levels across different time frames underscores the importance of multi-time frame analysis in trading.
Fundamental Analysis: Recent Developments and Impact
On the fundamental front, a primary driver of BCH's recent rally appears to be its listing on EDX Markets. Backed by heavyweights in traditional finance, such as Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDX Markets is a newly established cryptocurrency exchange that added BCH to its roster of tradeable assets.
The listing announcement resulted in an immediate positive impact on BCH’s price. The exchange's broad customer base and its partners' established reputation in the finance sector increased BCH's visibility among potential investors. This, in turn, sparked an increase in trading volume and social media interest, which created a feedback loop that further drove up BCH's value. In essence, the listing announcement served as a catalyst for BCH's recent rally.
However, while the price rally is indeed impressive, it's essential to view it in context. Although BCH is experiencing a resurgence, it is still 95% down from its all-time high price reached in December 2017, according to CoinMarketCap data. Moreover, despite being designed to serve as a payment network, BCH's blockchain traffic is significantly overshadowed by Bitcoin's transaction numbers.
Future Perspectives: Market Dynamics and Investor Sentiment
Looking ahead, a few factors could shape BCH's future trajectory. The first is the broader market trend. With Bitcoin (BTC) and several other major cryptocurrencies showing bullish signs, BCH may continue to ride this wave of market optimism. However, it's essential to stay cautious as cryptocurrencies are notorious for their volatility, and market trends can reverse quickly.
Secondly, BCH's adoption for transactions will play a critical role in its long-term performance. As a Bitcoin fork, BCH aimed to improve upon Bitcoin by offering faster and cheaper transactions. While BCH's current transaction numbers don't match Bitcoin's, increased adoption of BCH for transactions could boost its long-term prospects.
In conclusion, BCH's recent surge, sparked by its listing on EDX Markets and amplified by rising social media interest, paints an optimistic picture for the coin. However, BCH's long-term performance will hinge on a combination of factors, including broader market trends, its transaction adoption rate, and evolving investor sentiment. As such, while current indicators suggest a potential continued upward trajectory, investors should still employ robust risk management strategies. The crypto market's highly volatile nature means prices can change rapidly, and past performance is not indicative of future results.
BCHUSD Bitcoin Cash Sell Entry At the moment, BCHUSD is trading at $194, and its resistance is at $205. You can sell it from there if the H4 candle rejects. The take profit level would be its support level at $170, and the stop loss would be at $220. Currently, the Weekly RSI is also crossing the 70 level, which indicates an overbought zone, so it should come down. I hope we can make a good profit.
Not financial advice. Trading carries risks. Consult a professional advisor. Perform due diligence. No endorsement of specific strategies by OpenAI or its models.
BCH Bitcoin Cash and the Wall Street-backed EDX Exchange Launch If you haven`t sold BCH here:
Then you should know that the recent launch of the Wall Street-backed cryptocurrency exchange, EDX Markets, is a significant development that signals growing acceptance and adoption of digital assets within the traditional financial industry. This event brings a bullish sentiment to the crypto market, indicating increased confidence from institutional investors.
EDX Markets is specifically designed to facilitate safe and compliant trading of digital assets, offering clients distinctive benefits such as competitive quotes, liquidity, and a non-custodial model. By prioritizing best practices and establishing trusted intermediaries, EDX aims to alleviate conflicts of interest and provide a secure trading environment.
The initial assets available for trading on EDX are the largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ethereum (ETH), as well as Litecoin (LTC) and Bitcoin Cash (BCH). This selection showcases the platform's focus on the most established and widely recognized digital currencies, instilling confidence in investors.
The entry of prominent financial players such as Schwab, Fidelity, and WisdomTree into the cryptocurrency space further strengthens the bullish case. WisdomTree Investments' recent application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) reflects the growing market interest in this investment vehicle. With BlackRock's filing also fueling the discussion around Bitcoin ETFs, it is evident that established firms recognize the potential of cryptocurrencies as a legitimate asset class.
In this context, my short-term price target for BCH is $147. However, I maintain a bearish outlook for the overall year due to the ongoing Binance investigation and the lawsuit filed by the SEC.
Looking forward to read your opinion about it.
✴️ Early Bird Gets The Worm | Bitcoin CashI like about Bitcoin Cash (BCHUSDT) that the transactions are really fast... There are basically no fees; really low.
Early bird gets the worm.
This is an early call/signal... But it won't be early once everything takes off.
Today we see BCHUSDT moving above EMA10 after a very long consolidation phase since July.
We also have a giant falling wedge pattern...
With almost 6 months of sideways action... The next wave will be strong whenever it really happens.
If the time is now, early is better...
Early gives low risk (tight stop-loss) with high potential for rewards (higher targets).
Additional details on the chart (targets and support).
Do your own research.
Namaste.