BCH (Y23.P2.E1).Compound FulcrumHi Traders,
Looks like a fulcrum setup with both sides having a wall.
Thanks to Peter Brandt previous examples, I'm making this call
Regards,
S.SAri
BCHBULLUSDT trade ideas
BCH LONG IDEABCH has has broken its trading range to the upside .After pulling back and seeing the trigger, we can open a long position .Our target is between 360 and 400 usdt.
BCH - short
In the analysis from April, I provided hints for BCH with that pullback followed by the red labels. You can find that particular analysis, BCH LONG, at the following link:
At $200-220, BCH will encounter a very important level. I'm betting that this impressive rally in recent days has revolved around BCHBULL. The rally will come to an end as soon as BTC starts distributing at this $32,000 level.
The last candle for BCH created an imbalance. The target I see is the range of $128-132.
That's where this short position will be closed, and we will return to the first analysis mentioned in April.
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.
buy positionwe have see spike channal in this coin and the trend is bullish we can get a good buy position in bottom of the channel
BCHUSDTBCHUSDT IS in bullish Trend and making HH and HL we take Entry at CMP . set stoploss at last LL.
✴️ 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.
BCHUSDT Good Buy!BCHUSDT Technical analysis update
Buy zone : Below $150
Stop loss : $134
Take Profit 1 : $164
Take Profit 2 : $195
Take Profit 3 : $250
Thanks
Hexa
Dont open a long position on BCHhello guys
if you didnt open a long position on BCHUSDT, do not open any position here.
as you can see we have resistance area here and this area must to break out and after pullback you can open a safe position.
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Bchusdt get shortGet short position in bchusdt ,this part you shoud get short because we have alot of reason to get short
Bitcoin Cash Bullish Analysis Toward $800 PotentialBitcoin Cash (BCH) Chart Analysis: Exploring the Potential Bullish and Bearish Scenarios
Bitcoin Cash (BCH), currently trading at $129, has experienced a notable 40% increase in value over the past week. However, it is important to note that BCH remains down by 92% from its all-time high. In this chart analysis, we will explore the current market situation for BCH and examine both the bullish and bearish scenarios that could unfold in the near future.
Bullish Scenario:
Should BCH manage to break out above the $150 resistance level, it could potentially enter a bullish zone. This breakout may open the doors for further price appreciation, with potential targets at $400 and $800 during the next bull market cycle. It is crucial to monitor the price action around the $150 level as a breakout could signal renewed buying pressure and a shift in market sentiment.
Bearish Scenario:
If BCH is rejected from the strong resistance level at $150, it might face downside pressure. In such a scenario, the price could potentially drop to a range of $80 to $90, creating an attractive accumulation zone for investors. Traders and investors should exercise caution and closely observe how the price reacts to this resistance level, as a rejection could result in further downward pressure.
Key Levels and Considerations:
Support Levels: In the event of a bearish scenario, the key support levels to watch are $90 and $70. These levels could potentially act as significant areas of demand, attracting buyers and providing a foundation for a potential price reversal or consolidation.
Resistance Levels: On the upside, if BCH breaks above the $150 level, it could encounter resistance at $400 and $800. These levels may present challenges for further upward movement, as they have historically influenced price action and investor sentiment.
BCH follows BTCHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash managed to surprise a lot. After big drop in price it's not only managed to recover its losses but also hit very important resistance area. If Bitcoin Cash somehow manage to break it then next stop will be at 200 which is huge gain in price. But, as usual, you have to look at Bitcoin first. If BTC continues its rally then BCH will definitely follow it.
Overall Bitcoin Cash currently at very good spot for short but I would wait for price reaching at least 145 to enter market.
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BCHThe price has broken above the trend line and has once again risen towards the resistance zone around $140, near the weekly 50 EMA. The price may repeat the previous scenario and undergo a correction for a retest of the trend line. A bullish scenario could push the price towards the resistance level of $190-$200.
BCH/USDT - Bitcoin Cash: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $BCH / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 135.6 | 146.6 | 164.6, and the major support zones can be found at 117.6 | 110.6 | 92.6. Consider entering a trade at the current price zone of 123.9 and targeting higher levels.
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 29
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.
◰◲ Technical Metrics :
▣ Mrkt Price: 123.9 ₮
▣ 24HVol: 7,823,626.201 ₮
▣ 24H Chng: 2.993%
▣ 7-Days Chng: -1.69%
▣ 1-Month Chng: -8.22%
▣ 3-Months Chng: 26.08%
◲◰ Pivot Points - Levels :
◥ Resistance: 135.6 | 146.6 | 164.6
◢ Support: 117.6 | 110.6 | 92.6
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.46
▣ Last 90D: 1.43
▣ Last 1-Y: -0.97
▣ Last 3-Y: 0.33
◲◰ Volatility :
▣ Last 30D: 0.67
▣ Last 90D: 0.59
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.02
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.68 - Bullish
▣ In-depth BCHUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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#BCHUSDT Insights into the Market Dynamics💎 #BitcoinCash is currently retesting the previous demand area, which has now transformed into a supply zone. This area can determine the course of action for the market. Will we witness a swift continuation of the prevailing downtrend, or is it a time of uncertainty for sellers? Let's delve into the analysis to determine the most probable outcome.
💎 First and foremost, it's crucial to note that #BCHUSDT has broken below the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish price action suggests that bears maintain control and strengthens the case for a continuation of the established downtrend.
💎 At present, #BCH is trading near a resistance level, enticing potential sellers. However, it's important to consider the possibility of a price spike to the upside, or what is often referred to as a "stop-loss hunting" event. Such market dynamics can introduce temporary volatility and test the resolve of bearish sentiment.
💎 Nevertheless, as long as #BCH remains below the critical resistance level, the probability remains tilted in favor of the bears. In this scenario, there is a potential 30% price decline, with #BitcoinCash targeting the 127.2% Fibonacci support level.
💎 It is imperative to closely monitor the price action, particularly for a decisive break and close above the critical resistance area. Such a development would serve as a strong signal that the trend is shifting, potentially opening up opportunities for a bullish reversal. Rest assured, the MCP team will promptly inform Paradisers of any significant trend changes. Stay tuned for updates and valuable insights.
BCHUSD ❕ rising bottomsThe BCH broke up 50EMA on the 4H Timeframe.
RSI is near neutral values at 4H, 1H and 30m TFs.
I think the asset may continue to rise after it fixes in the channel.
Bitcoin Cash waiting for a ShortHi guys, let's review the current situation for Bitcoin Cash.
After big drop BCH almost managed to recover its losses. As I stated before, I expect price to stay in 108-116 range for a while and after that likely will go back testing 97 support line.
There is no much volatility in BCH and I expect its slow decline up 97 and lower.
I still mostly bearish on BCH and will be looking for a short at 116 price range.
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Many thanks.
BCH: Descending Triangle BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, below $110 support, which confirms a downtrend. Price could revisit $95 support last seen in late 2022.
Pattern : Price was trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $95. The nearest Resistance Zone is $110 (previous support), then $120, and $140 – $150.
BCH/USDT SHORT 4HHello, traders! I present you with an interesting short trade opportunity for the asset. Through a detailed technical analysis, I have identified a series of bearish signals that suggest a potential downward movement in the short term.
💡Mi Vision de una IDEA DE TRADE BingX💡
BCH/USDT 4H Alto Riesgo Según mi análisis;
Entrando por debajo del 0.618
Stop Loss de 1.74%, primer objetivo el 0.382 segundo objetivo siendo muy optimistas al maximo bajo anterior, al tener aún fuerza bajista en gráfico diario este impulso por mucho llegaría al 0,666 ( no es numero fibo )que también concuerda con la media de 55 en 4H y la media de 20 en 12H y esto para seguir callendo
BCH price in slow declineHi guys, let's review the current situation for BCHUSDT on 1D price chart.
The price of BCH stuck in $50-60 price range for almost a year. On 1D timeframe we can see that there is a descending triangle on the chart and there is no signs that price can go up. Descending triangle is a bearish pattern and I don't expect that the price of BCH will go higher than $120-$125. Most likely within next few months we'll see price testing support line at $97. It might go even lower than that.
Overall I'm quite bearish on BCH.
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Many thanks.
BCH/USDT Maximize Potential with Trend Line, RSI Divergence💎 BCH/USDT has been closely following a trend line, indicating a consistent pattern of price movements. As the trend line breaks, it triggers a wave of bullish momentum and the price of BCH/USDT to new heights
💎 Relative Strength Index (RSI) is showing a bullish divergence, signaling a potential shift in momentum.
💎 Combining the trend line and the RSI bullish divergence, it suggests that there may be an upward price movement on the horizon for BCH/USDT.
Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
