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BCH Perpetual Futures Contract

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BCHUSD.P trade ideas

BCH Trying to Bounce BackBitcoin Cash is struggling along with the rest of the market, as Bitcoin (BTC) also experienced a sharp drop yesterday. That top crypto coin is on the road to recovery as well but down 7.25% over the last 24 hours. Bitcoin’s trade volume is up 76% in that period, and it is still trading with healthy numbers over $37 billion. Bitcoin Cash is having a tough time making much progress back up to where it was yesterday, which is obviously because the global markets are trending down. The reason for that has been attributed to Russian President Vladimir Putin’s declaration to invade Ukraine yesterday, followed by action today that held good on his promise. The global markets are preparing for a state of war, which means the economy will likely suffer for a while as the conflict is engaged. Excess resources normally poured into investments will instead be moved into wartime efforts. That is the fear at the moment, while many countries are preparing sanctions to level at Russia and hoping that war can be avoided by these mildly confrontational sanctions. Investments like cryptocurrency may be put on the back burner for millions of people around the world as they buckle down in their finances and prepare to live more frugally for what could be a coming wartime period. What this means is that unless there’s a major turnaround for President Putin’s plans, the market will continue to see a downturn. Further news that solidifies global wartime efforts will continue to cause steep declines like what we saw yesterday. For investors, that’s bad news, and it would indicate that it’s best for them to hold off for now on investing in crypto. The Bitcoin Cash price is likely to plummet, as the wider cryptocurrency market should see a bearish trend. There’s no telling how far the prices will go down, but investors should be watching news related to the Ukraine invasion to get some idea of their direction.
COINBASE:BCHUSDLong
by scoopnethame
BCH bears drive price to $266.5 lower low after a downswingBitcoin Cash price analysis is bearish. Price has been reduced up to $266.5. Support for BCH/USD is present at $259. The Bitcoin cash price analysis is firmly bearish for the day as the price has decreased to $266.5 in the last four hours. The bears have regained their momentum in a steady manner and crashed the market spectacularly. The recent bearish drive started back on 16th February, when bears halted the BCH price from going above the $343 level by causing a shift in the trends. The price action has been downwards for the entire last week, and a heavy sell-off has been observed today, which has brought the price down to the 13th December 2020 level, quite an unfavorable situation for the crypto pair.
COINBASE:BCHUSD
by steenbokskait
Bitcoin Cash Long-Term Ascending Channel Since 2018We have a very clear and strong ascending channel for Bitcoin Cash vs the Dollar (BCHUSD)... Join me in reading this chart. The All-Time Low was hit in December 2018 for this Altcoin trading pair. Ever since this low, a new uptrend has developed. We have signals pointing to the end of the current correction which can lead to a new bullish wave ending in a higher high since so far we have a higher low. You can find additional information on the chart. Feel free to support me only if you enjoy the content with your follow, likes and comments. Namaste.
KRAKEN:BCHUSDLong
by AlanSantana
1
💡Don't miss the great buy opportunity in BCHUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (328.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BCHUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 69. Take Profits: TP1= @ 347.2 TP2= @ 360.8 TP3= @ 373.1 TP4= @ 384.2 TP5= @ 396.5 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
COINBASE:BCHUSDLong
by ForecastCity_World
3
💡Don't miss the great buy opportunity in BCHUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (328.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BCHUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 347.2 TP2= @ 360.8 TP3= @ 373.1 TP4= @ 384.2 TP5= @ 396.5 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
COINBASE:BCHUSDLong
by ForecastCity
2
BCHUSD D1 Hello traders This is an analysis based on a combination of harmonic patterns and Gann Fan. At the moment, there is a butterfly pattern that I specified in the prz area, and if Price Action is approved, we can expect the price to rise and return from this level. Meanwhile, in this analysis, two Gann fans have been drawn, the price of which is on a support line of this Gann fan, and the main targets for the projected ascent are based on the Gann fan drawn, based on the previous main pivots. Don't forget to like and share !
BINANCE:BCHUSDLong
by Amirhosseinbahrami7899
1
Bitcoin Cash? More Like Bitcoin CRASH!Bitcoin Cash (BCHUSD) has continued to pull back lower and sharper. We have hit a support at around 262, which may be the final low for our GREEN primary pattern. Green Primary Pattern Breaking the December 3rd low tells us that we are now pulling back deeper in a more conventional 5-wave C-wave instead of a 3-wave zigzag. If we are done with the correction or close to done, we'll have a to see a sharp impulsive 5-wave structure up really soon! Seeing anything other than this would more or less invalidate the GREEN pattern. RED Alt Pattern Turning back up and rallying in a clear 3-wave structure would make it very likely that the RED is the primary pattern in operation. This would call for a corrective bounce back up before a much deeper crash to complete the larger impulsive C-wave down. However, I am seeing this as a smaller and smaller possibility as this leg of the pullback is getting too far stretched downward to be counted as only a 1st wave. Breaking below 219 makes it far more likely that the PURPLE pattern is in operation. PURPLE Alt Pattern Stretching directly lower would instantly make the PURPLE pattern our primary. While the chart shows BCH going as low as 115 or so, there are several strong Fibonacci confluences below, any of which could form a bottom. The 186 extension is the point at which the C-wave would be the 1.00 extension of the preceding A-B structure, and this is typically the strongest possibility for the end of a correction. Seeing any kind of impulsive 5-wave rally upward would likely signal the end of the PURPLE correction. Check out my YouTube explainer vid on BCH! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #bitcoincash #bitcoin #cryptocurrency #bitcoinmining #bitcoinnews
KRAKEN:BCHUSD
by Critique-al-Thinker