BCHUSD.P trade ideas
BCHUSDBCHUSD
Overall Trend : The chart shows a bullish surge in February-March, followed by a gradual downtrend since the peak in March.
Price Range : The price ranged from a low of around $212 to a high of about $719 during this period.
Key Levels :
➢ Support : There appears to be support around the $300-$320 level.
➢ Resistance : Major resistance was met around $700-$720.
Moving Averages : The chart includes two moving averages (likely short-term and long-term). There were several crossovers, indicating trend changes.
Volume : Volume spikes coincided with major price movements, particularly during the February-March rally.
Volatility : High volatility is evident, especially during the sharp price increase and subsequent decline in February-March.
Current Situation : The price is currently in a consolidation phase, trading sideways with lower highs and higher lows, possibly forming a triangle pattern.
Indicators : While not explicitly shown, the chart includes what appear to be Bollinger Bands, which have been contracting recently, suggesting decreased volatility.
Market Structure : There are clear areas of accumulation (sideways movement) followed by distribution (price drops).
BCHUSD BUY IDEA Dear friend and followers on Tradingview
See my analysis on BCHUSD BUY..
Check and edit for retest and BUY.
Good luck
Bitcoin Cash Price Action SoonBitcoin Cash is setting up it's micro retract beautifully.
If this coin triple bottoms at $90, I would be inclined to pay attention. BCH is volatile and loves volatility funnels, it always follow fib retracements.
If BCH closes at $90 within the next few months (this month?), the micro retrace to the upside is almost identical to BCH's macro target at .50 fib retracement;
that target zone is $883
$1068 is the .61 target.
This macro/micro target is based on Binance's chart history on Tradingview.
The true macro target is much larger based on other exchanges true BCH history - a different chart.
Bitcoin Cash update after the break of the 400 levelSo the idea worked out nicely and we cleared the 400 zone.
What's next? Well, watch the video idea.
CRYPTO:BCHUSD EASYMARKETS:BCHUSD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BCH is bullishBitcoin Cash, a prominent player in the cryptocurrency market, originated in mid-2017 as a hard fork from Bitcoin to address transaction speed and scalability issues. While some analysts are cautiously optimistic about Bitcoin Cash's future performance, others point to the uncertain regulatory and economic landscape as factors that could significantly impact its trajectory.
BCHUSD(Chart of the day)Horizontal trend line- $405
Downtrend channel resistance- $392
BCHUSD has performed well after a minor sell-off.
Any daily close above $390 confirms further bullishness.
The pair traded weak after forming a minor top around $525 on May 21st, 2024. Any major trend reversal can happen only if it closes above $525.
BCHUSD prices have surged more than 20% in the past three days. It hit a high of $423 at the time of writing and is currently trading around $418.59. The pair holds above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).
The near-term resistance is around $432, any indicative breach above will take the pair to $466/$500/$525/$600. On the lower side, immediate support is $380, and any violation below targets $345/$300.
Indicators ( 4- hour chart)
Directional movement index - Bullish
It is good to buy on dips around $400 with SL around $340 for TP of $524/$600.
Bitcoin Cash looking bullish!BCHUSD on the weekly timeframe is looking bullish. It appears we may have a golden cross happening, with the 50 weekly (green line) about to cross over the 200 weekly (red line) moving average. Also, BCHUSD broke out of a descending channel to the upside further bolstering a bullish case. The monthly looks like it will close as a bullish pinbar too. I think its reasonable to see BCHUSD move upwards toward the $490-525 zone.
What concerns me is a lack of volume on the weekly and monthly timeframes. Overall though, things are looking good for Bitcoin Cash!
Let me know what you think.
BCHUSD BUY IDEADEAR FRIENDS AND FOLLOWERS,
I present to you my bchusd analysis, it's obvious that the weekly candle showing bullish hammer, so I see a bullish spike in the new week..
Wait for break of the market and RETEST..
Good luck all
$BCH Is crypto rallying?The 1-month rating indicates a buy signal for Bitcoin Cash. The cryptocurrency is currently trading above the support level of $352.13, with the target level around $716 ish.
Bitcoin Cash, a fork of Bitcoin, was created to increase block size and facilitate the processing of more transactions simultaneously. However, it largely mirrors the core concept of Bitcoin without introducing the changes.
BCHUSD / Bitcoin Cash Market Money Heist plan in UP SideMy Dear Robbers / Traders,
This is our master plan to Heist Bitcoin Cash BCHUSD market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
BCHUSD is lagging?Looking at the technical picture of BCHUSD we can see that the 400-dollar mark is providing strong resistance. A clearance of that area may attract more buyers into the game.
#bchusd EASYMARKETS:BCHUSD CRYPTO:BCHUSD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BCHUSD forecastHi traders.
Engulf, a signal of market direction, is shown below the BCHUSD.After the Breakout level, we can expect price reversal.
BCHUSD Bitcoin Cash Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist BCHUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
BCHUSDThe Chart is printing the Bullish Trend with HH and HL with no Divergence
The Entry point will be 407.09 and the Stop Loss will be 367.06.
Bitcoincash about to moveBitcoincash will break the multiyear trend line and soon to lift off and reach ATH . It will surprise everyone this cycle mark my word .
Stay safe
BCH is bullishhead and shoulder pattern is seen below formed indicating bullish secnario is currently underway .the movement path is being drawn as pullback is probable before final destination @500 usd.this is pure technical analysis based on flat kijen reaction
,price action and chart pattern.
More Downside Potential For Bitcoin Cash? AI Says Yes!Here's the latest AI forecasts for SET:BCH 📉
Currently, the AI forecasts a sideways movement during the next 7 days, followed by a decrease of 14%, as shown in the 30d forecast.
The forecast's accuracy was rated as high. That means that based on training data, the AI's forecasts have been above 80% accuracy.
Looking at the trend indicator, BCH is facing a downtrend across all timeframes. However, momentum indicators show strong oversold signals.
Therefore, I wouldn't be surprised to see a smaller pump before BCH heads lower.
BCH/USD Outlook: Optimism Despite Bearish TrendsHello Everyone,
BCH/USD has experienced the expected bearish movement, yet despite this downturn, the overall outlook remains optimistic for BCH. Should the price stabilize below the daily support level, a thorough examination of the monthly support structure might ensue, though the current daily support has proven resilient. Moving forward, the expectation leans towards upside potential, with the possibility of a near-term test still on the table.
TradeWithTheTrend3344
The Bitcoin Cash bull runBitcoin Cash began its bull run in mid-June of 2023 following the pattern I had indicated in my previous analysis in 2022.
This is update n°3
Long entry: 463 USD
Take profit: between 200 k / 1.2 million USD
This is my personal opinion and this is not a financial advice! Good trading!
