Get started

Bitcoincashforecast

BCH 1D Strong buyer is gaining position for a long time, up soonIt seems that large BCH investors still have big plans for growth. Otherwise, we do not find another logical explanation, looking at the accumulation of coins during 2019-2020. In 2019, the coin was sold twice above $380 , fixing the profit. However, during the 9 months of 2020, the coin was very diligently bought in a narrow range. Also, at the end of 2020, there was a break of the historical purple trend - up , which stretches from a high $4,000. The beginning for strong growth is laid. Now it is important for BCHUSDT buyers and manipulators that the price does not fall below $360-400 , we take the average value, the level of $380 and record it in memory as the most important mark. If the bullish scenario continues, it will be possible to buy tasty in the above-mentioned zone. We will fix 300% profit, around $1200 for the BTC fork - BCHUSD. PS: We wrote about a possible BTCUSD cost fall two days ago in the weekly digest, read it in full) _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
KRAKEN:BCHUSD
by P_S_trade
4
Trying to gain popularity and formation of ascending movement In the weekly chart, there are two important ranges. The first range is $ 497.10, by crossing this range, we can be hopeful for an uptrend formation for the targets of $ 2,200 to $ 3,000. Also, if the price crosses the range of $ 231.07, it may encounter the Triangle pattern, in which a long corrective movement is predictable and then we expect a descending movement up to the range of $ 45-50. ( weekly Chart ) In the daily chart, we can have this wave count that wave 2 has ended in the range of 140.65, and the price is forming wave iii. However, to confirm the uptrend, the price must cross the range of $ 497.10. Personally, I’m interested in putting my investment in Light Coin (SHA256).
KRAKEN:BCHUSD
by NirmataFX
BCHUSDT formed bullish BAT | Upto 38% move expectedOn the daily chart, the price action of Bitcoin Cash has completed bullish BAT pattern, now it has entered in the potential reversal zone. There are also 100 and 200 simple moving averages supports in the potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Potential reversal or buying zone: $262.77 to $248.88 Fibonacci projection or sell zone: $295.91 to $345.57 Stop Loss: The potential reversal zone area that is up to $248.88 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 38.8% and as per the above-mentioned stop loss, the loss possibility is 6%. Note: Above idea is for educational purpose only.
Long
by moon333
2
Bitcoin Cash clasped between key resistance and support Bitcoin Cash lost the ground above $300 again following rejection at $320. BCH/USD is stuck between the 50 SMA resistance near $300 and the 100 SMA support at $280. Bitcoin Cash recently recovered from the Thanksgiving Day crypto crash. The losses on Thursday last week failed to embrace support at all the three moving averages; the 50 SMA, 100 SMA, and 200 SMA on the 4-hour chart. Buyer congestion at $250 saved the altcoin from diving further. The rebound from the crucial support reclaimed the position above $300 earlier this week. However, BCH hit a wall at $320, cutting short the anticipated spike to November’s peak at $373. A correction came into the picture, pulling Bitcoin Cash into a 13% dip. Meanwhile, BCH/USD seems to have embraced support at the 100 SMA, highlighted at $280. The price is doddering at $289 amid the push to recover the lost ground toward $300. On the upside, movement is likely to be limited at the 50 SMA, slightly under $300. The resistance at the 50 SMA and the support at the 100 SMA might keep Bitcoin Cash in a range before a breakout comes into the picture. Trading above the 50 SMA and the hurdle at $300 will call for more buy orders as the uptrend heading to $373 and $400 is validated. On the downside, it is essential to hold above the 100 SMA to avert looming declines back to the primary support at $250. The 200 SMA is in line to absorb some of the selling pressure, preventing BCH from diving massively towards $200. Bitcoin Cash intraday levels Spot rate: $288 Relative change: 0.55 Percentage change: 0.2% Trend: Sideways trading bias Volatility: Expanding
COINBASE:BCHUSDLong
by CoinGape
BCH/USD Retraced to the Support Level - What Is Next?In this technical analysis, I will follow-up on the previous idea on BCH now that we have finally arrived at a moment where we can enter a long position. The price retraced beautifully to the horizontal one that used to be resistance. In the bullish scenario of the S/R flip and the old resistance zone turning into new support, I expect the price to rise until the next resistance - giving us a 14% trade opportunity. All information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message.
COINBASE:BCHUSDLong
by Trading-Guru
4
Bitcoin cash symmetrical traingleBCH / USDT 🌟 Techincal Analysis🌟 The price was Consolidating last days and Forming symmetrical traingle The Higher chance it will break it up Why ? Because most tether coins moved recently but bitcoin cash not If breakout upward happens iam sure we can see BCH trading in 3xx$ area easy However break it down then we can see 220-200$ area ( strongest support )and i dont think that will happen unless btc dump (hard) Please have a plan before trading Good luck and happy trading 🌹
Long
by Babenski
4
Bitcoin Cash - $BCH - Back in Business!WAVE 3 in progress! The best time to buy is now! I'm LONG / BULLISH position. I expect that $BCHUSD will rise up. This would mean that BITCOIN CASH will gain more value against USD. What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION . No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. If you want to win in this market, you need to be COLD and CALCULIST . To the moon is too close, go beyond!!! Well, keep you updated as this timely issue evolves. Good luck! #CRYPTO $BCHUSD #BCHBTC #BCH #BITCOINCASH #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
COINBASE:BCHUSDLong
by ferGOD
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
Bitcoin Cash Price Analysis: BCH/USD Clears The Path To $400 Bitcoin Cash reclaims support above $300 as buyers build the momentum to take down the $400 resistance. BCH/USD faces increasing selling pressure at $310 ahead of the next key hurdle at $320. Bitcoin Cash price hit a wall at $326 in the wake of rallying prices across the cryptocurrency market. A flash drop occurred culminating in a devastating drop to $245 on August 2. BCH/USD spent most of last week nurturing a bullish trend first towards $300 and later $400. For a period of time, the price remained pivotal at $300 with the upside limited at $320. On the downside, support had been established the 50% Fibonacci retracement level taken between the last swing high of $337.80 to a swing low of $235.01. The 50 Simple Moving Average (SMA) has also contributed a lot in keeping the price in check as well as keeping bulls focused on sustaining gains above $300. A break above the trendline resistance during the Asian hours have seen an engulfing candle printed above $300. Bitcoin Cash is trading at $308 at the time of writing. It is facing massive selling pressure at $310. If buyers pull above this zone, gains beyond $320 will become apparent. Technically, the bullish case to $400 is supported by several technical levels from the RSI and the MACD. The RSI has reversed the trend upwards and currently eyes 70. In other words, the influence by the bulls continues to grow steadily. Similarly, the MACD is likely to hold above the midline in the short term but if a bullish divergence comes into the picture, a spike to $400 will become even more apparent.  For now, establishing support above $300 should be among the bulls’ highest priorities as it would encourage more buyers to enter the market, completing their mission to $400. Bitcoin Cash Intraday Levels Spot rate: $308 Relative change: 7.21 Percentage change: 2.41% Trend: Bullish bias Volatility: High
COINBASE:BCHUSDLong
by CoinGape
2
Bitcoin Cash: In-depth Breakout Analysis 1D (Jul. 26)X Force Global Analysis: Bitcoin cash (BCH) has been showing signs of reversals through a descending wedge on a downtrend. In this analysis, we take a look at Bitcoin Cash's technical evidence to assess its bullish probabilities. Analysis - To begin with, we can notice extremely extended bullish divergences on the daily, as prices form lower lows and indicators form higher lows - The Relative Strength Index (RSI) shows a steady increase over time, demonstrating increasing trend strength - The Moving Average Convergence Divergence (MACD) also forms higher lows and higher highs as a sign of momentum - The Stochastic indicator also contributes to the bullish divergence formation on the daily, adding weight to a bullish case - Counting Elliott Waves within the descending bullish wedge, we can count Elliott triangle waves (ABCDE) leading to a breakout - The Exponential Moving Average Ribbons are converging, looking to form a potential golden cross - We have managed to close above the 0.5 Fibonacci retracement resistance, providing confirmation of a breakout - Bitcoin cash has also managed to close above the Ichimoku cloud resistance for the first time in many weeks, signaling a potential long term trend reversal What We Believe We believe that the outlook on BCH is extremely bullish based on a plethora of technicals that point to the same direction. This could potentially be the beginning of a long term trend reversal. Trade Safe.
Long
by XForceGlobal
1
BCH/BTC 1D Jul. 25Suggested Entry: 25215 Target 1: 26650 Target 2: 27800 Target 3: 28840 Stop Loss: 24250 The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons: - Technical indicators support a stronger evidence for bullish momentum - While confirmation is yet to be provided, it could be argued that BCH has broken out of the descending wedge pattern As a descending wedge pattern in a downtrend is typically identified as a bullish reversal pattern, we suggest a long position with targets leading up to previous historical resistance levels, and a tight stop loss below significant support. Trade safe.
Long
by XForceGlobal
BCHUSD the pattern has been changedHi friends hope you are well and welcome to the new update on Bitcoin cash. Recently a very positive move can be observed on the daily chart that after touching the support at $215 the price action moved up and broke out at $225 resistance again. At this time the price action is retesting the $225 resistance level as support that is really very good gesture because whenever the price action re-tests the previous resistance as supprt after breaking out then there are chances that the price action can move up to the next resistance level rather breaking down the support again. The price action of BCH is struggling at 100 SMA resistance level: If we watch the simple moving averages with the time period of 25, 50, 100 and 200 then still the priceline is struggling at the 100 simple moving average resistance and having support of 50 SMA. If the price action will break out the 100 simple moving average then next resistance of 200 simple moving average is at $170. The pattern has been changed: The price action of Bitcoin cash is moving in a wedge pattern. If we place the balance of power indicator then it can be clearly observed that the power between the bulls and bears is distributed equally. Whenever the balance of power is moving down or moving up the price action is following the signals and hitting this support and resistance levels accordingly. When the balance of power 8th time gave bearish signal the priceline of BCH moved down at support but when balance of power indicator gave bullish signal the price action did not reach at the resistance. And when for the ninth time the balance of power moved down the price action broke down the support of wedge. Therefore now the pattern has been changed from wedge to parallel channel. A big harmonic move: Now I would like to recall a very big bullish gartley pattern that I have shared in my previous articles as well. This pattern has been formed by the protection of Bitcoin cash on the monthly chart. At this time the price action is moving in the potential reversal zone of this pattern. As per Fibonacci sequence the price action can enter the Fibonacci projection of A to D leg from 0.382 to 0.786 Fibonacci levels. And the price targets can be as below: Potential reversal or buying zone: $242.32 to $167.94 Fibonacci projection or sell zone: $300.84 to $441.41 Conclusion: Even though the price action has strong resistance of 100 moving average on the daily chart. But it has also the support of $225 support level and after hitting the support of the channel that has been formed on the daily chart the movement up to the resistance is still due. Therefore we can expect that the price action can move up to the resistance of the channel at least. However, on the monthly chart a big bullish Gartley pattern is showing that the Bitcoin cash will start a long-term bullish rally soon.
COINBASE:BCHUSDLong
by moon333
1
BCHUSD Has Formed Very Big Bullish Gartley Setup For Big MoveHi friends hope you are well and welcome to the new update on Bitcoin cash. In my previous post I explained why the Bitcoin cash can move down to hit the support of the wedge. At this time the price action is at the support of the wedge pattern now we will try to understand what the price action can do next. The movement within a wedge: Price action of Bitcoin cash is moving within a wedge on daily chart since March 2020. At this time the price action is moved down up to the support. If we watch the balance of power indicator then it can be clearly seen that the balance of power is distributed equally between the bears and bulls. I have also placed the moon phases indicator on this wedge pattern. And we can observe that the new dark moon is appeared above the support of the wedge that is very positive signal. Now it will be difficult for the price action to cross down this level of dark moon. If we watch the volume profile that I have placed on the complete priceline of BCH moving within this pattern then it can be easily observed that the trader’s interest is very low below $225 and from the upside it is very low above $255. So it is showing that the priceline is moving at the level where the trader’s interest is very weak therefore the price action can move up to the resistance from here. Formation of bullish reversal pattern: In previous post we have already seen that the price action of the BCH is forming the different harmonic BAT patterns with the consistency and continuity on the daily chart. First it formed a bearish BAT then it formed a bullish BAT then again price action formed a bearish BAT move as below: now again the price action has formed another bullish BAT pattern. And at this time it is gearing up from the potential reversal zone of this new bullish BAT. This is BAT is a clear sign of a bullish reversal of the price action of BCH. Now we can expect that the priceline will be moved up to the resistance of the wedge pattern to make another attempt for the breakout. At the support: After the drop of March 2020 the price action bounced from the last support of $170 and broke out the next resistance level of $225. The next resistance level would be at $304. At this time the price action is moving at the support of $225 but as all signals are moving in the favor of bulls therefore this time we can expect that the price action will move up to next resistance level to make an attempt for breakout. A very big bullish Gartley formation: Now I would like to take you to the monthly chart where the price action has formed a very big bullish Gartley pattern. At this time the price action is moving in the potential reversal zone of this big bullish Gartley. Now as per Fibonacci sequence the potential reversal zone or buying zone and Fibonacci projection area or sell zone are as below: Potential reversal or buying zone: $242.32 to $167.94 Fibonacci projection or sell zone: $300.84 to $441.41 After watching these targets we can expect up to 160% bullish rallyby this big bullish Gartley pattern. But if the price action will be able to cross up 0.786 Fibonacci projection of A to D leg then the Bitcoin cash can start a very big parabolic bullish move that can lead the priceline to achieve higher than the previous highest price ever in the history of Bitcoin cash. Conclusion: From small time period to long term time period charts all patterns and indicators are turning bullish. Therefore we can expect a bullish reversal move from here at least up to the resistance of the wedge pattern. 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