BCHUSD (long)BCH has changed its daily range, new range resistance is at around 328-330.
i will be longing BCH once it get to below 290.
not risk more then 2%-3%.
BCHUSD.P trade ideas
Bitcoin Cash Is Still In A RangeFrom around the beginning of October 2023, EASYMARKETS:BCHUSD is seen trading within a range, roughly between the 210 and 270 levels. Despite the recent strong fluctuations in EASYMARKETS:BTCUSD , the rate of Bitcoin Cash stayed on the moderate side and within the given range. While the crypto moves inside that pattern, we will remain neutral. However, if the rate exists the range through one of its sides, that’s when we will consider the next short-term directional move.
A break through the lower side of the range could attract even more sellers, indicating a possible change in the direction of the current trend, potentially opening the door towards lower areas. We may then aim for the 180 hurdle, marked by the lowest point of September 2023. If that hurdle is not able to withstand the pressure from the bears, its break may send EASYMARKETS:BCHUSD to the lowest point of August 2023, at 161.
On the upside, a push through the upper side of the range may invite more bulls into the field, increasing the crypto’s chances off drifting further north. That’s when EASYMARKETS:BCHUSD could end up traveling somewhere closer to the 329 level, which is marked by the highest point of 2023.
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BCH update [ MAJOR LIQUIDATION]At the moment, price is still retesting the current midvwap, but as soon as price break below 215$, sells towards 150$ come in play. On the other hand, price can still retest the current high at around 260$, but only if price manages to break above 290$ we shall start looking for buys continuation. Until then sells are more valid than buys, simply because liquidity has to be mitigated first.
BCH 6 years downtrend reversalThe BCH had gone through one of the longest consolidations in crypto world, but it's about to end finally, i drew all the possible projections based on price forecasting algorithms, let's wait and see how it turns out, but don't miss the chance to grab some share out of this or you will lose probably the greatest chance to get in BCH with relatively lowest possible risk
BCH you really need to take a look at this!!!Just drew up some easy horizontal levels for you to look at
if you plan on investing. BCH
if you didn't buy BCH/USDT then buy it know for profit Buy some BCH/USDT there is chances that the you could earn peer coin up to $120 in few days so don't miss opportunity love you all .
BCH Ready To Drive Beyond $300!Recent Performance: Bitcoin Cash (BCH) exhibits strong bullish momentum, with a notable 10% surge challenging the $280 resistance.
Critical Levels: Breaking past the 78.60% Fibonacci retracement level, BCH shows potential for further gains.
Upside Potential: Surpassing $300 could trigger an uptrend towards the $350 mark, showcasing significant bullish potential.
Market Dynamics: Despite Bitcoin's mixed performance, BCH carves its path, underpinned by positive market sentiment and increased buying activity.
Technical Analysis:
Triangle Breakout: BCH's bullish breakout from a symmetrical triangle pattern in the daily chart indicates strong momentum.
Post-Retest Reversal: A successful post-retest reversal after crossing $250 adds to the bullish narrative.
Resistance Challenge: Current resistance at the ascending trendline and the 78.60% Fibonacci level near $280.
Current Trading Price: BCH is trading at $278, showing a significant 9.59% increase within a day, forming a bullish engulfing candle.
Technical Indicators:
EMA: The 50-day and 200-day EMAs exhibit a positive trend, reinforcing the bullish outlook.
RSI: The Relative Strength Index (RSI) is in the overbought zone, indicating strong buying momentum.
BCH's Relation to Bitcoin: Potential approval of a Bitcoin Spot ETF could positively impact BCH, given its close correlation with Bitcoin.
Downside Risks: While the outlook is bullish, a trend reversal could see BCH retreating to lower support levels, possibly around $260.
Conclusion: BCH's current trajectory, coupled with broader market sentiments, positions it for potential gains, aiming for $350 in the near future.
Caption for Promoting BCH Price
BCHUSD Strong bullish in bearish marketWhile BTC struggle with bearish wave, BCH move in a stong bullish with expanding channel up.
Its little bit late to follow bullish at BCH,
the best option we have is to wait for small pullback at fibonacci point or wait at support if you aim for low risk.
Target for BCH at channel up resistance or at previous high.
Maximum target for BCH at $423 as fibonacci projection.
Bullish Trajectory in BCH Price Targets $350Recent Surge: BCH price mirrors Bitcoin's uptick, successfully breaching the $260 barrier, signaling a robust overnight rally.
Bullish Forecast: The price trajectory of Bitcoin Cash is poised for a significant rally, potentially surpassing the $300 mark.
Fibonacci Levels Indicate Upswing: If BCH maintains its breakout momentum above $260, it could ascend towards the $350 level, aligning with Fibonacci retracement levels.
Yearly Performance: Outshining Bitcoin's 161% YTD rise, Bitcoin Cash boasts a commendable 185% increase this year, fueling positive market sentiments.
Technical Breakout: BCH's jump by 15% signals a triangle breakout, indicating a strong bullish phase. The asset has already crossed the 38.20% Fibonacci retracement level, suggesting more room for growth.
Current Trading Scenario: BCH is trading at $274.01, with an intraday gain of 3.90%, extending its impressive overnight rally.
Technical Indicators:
DMI Indicator: Showcases a bullish crossover, implying an increasing trend momentum.
Bollinger Bands: Expansion of the upper band indicates an emerging bullish phase.
Potential ETF Impact: Market excitement around a potential Bitcoin Spot ETF is likely to benefit BCH, given its close relationship with Bitcoin.
Resistance & Support Levels: BCH aims to break past $300, targeting $350. However, a trend reversal could see it retesting the $250 support level.
BCH major UPDATE ( YEARLY closure)BCH has already presented itself pretty well for the last couple of months. A closure below 215$ will most likely make price drop towards 150$ before even thinking of going back up again. A break above 245$ can push price towards 285$-295$, but only a full break above of that area can confirm a new bullish impulse towards 400$.
BCH getting back in the mixBCHUSD reaching and getting rejected from long term price level. Its forming an interesting treadline where sell offs and getting quickly bought up. Traders must be positioning themselves for more news on the BTC spot ETF. All good news for BTC usually sees a spike in price for the BTC hard forks. Worth keeping an eye on for possible trade over the next few weeks. Not financial advise so its not
Bitcoin Cash Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone.
Bitcoin cash price started a fresh surge above the $232 resistance.
The price is trading above $245 and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH/USD pair (data feed from Kraken).
The pair could continue to move up if it clears the $255 resistance zone.
Bitcoin Cash Price Rallies Above $250
After forming a base above the $220 level, Bitcoin Cash price started a steady increase. It broke the $225 resistance to enter a positive zone, like Bitcoin and Ethereum.
There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH/USD pair. There was a strong increase above the $232 and $245 resistance levels. The price is up over 10% and it is now testing the $255 resistance.
BCH is now showing positive signs above $245 and the 100 simple moving average (4 hours). It is also above the 23.6% Fib retracement level of the upward move from the $219 swing low to the $255 high.
Bitcoin Cash Looks To Be Forming A Bullish Triangle PatternBitcoin Cash with ticker BCHUSD made a strong recovery back in July which might be wave III because a drop from $330 is overlapping, thus it can be a correction, so ideally that's a wave IV retracement, meaning that uptrend can still show up for wave V. But, maybe we will have to wait on a bullish breakout a bit longer as current price action since July can be an ongoing A-B-C-D-E triangle.
Can BCH Price Cross $250 For A Spike to $300? Influence of Bitcoin's Rally: BCH (Bitcoin Cash) price is positively influenced by Bitcoin surpassing the $40K mark.
Potential Breakout Beyond $250: There's potential for a breakout rally in BCH price beyond $250.
Target of $300 by End of 2023: If BCH exceeds $250, it could potentially reach $300 before the year's end.
Buyer's Interest in Markets: The altcoin market, including BCH, is gaining momentum due to increased buyer interest.
Symmetrical Triangle Breakout: BCH is showing signs of a symmetrical triangle breakout in the daily chart.
Year-to-Date Growth of 156%: BCH has experienced substantial growth this year, contributing to its bullish outlook.
Current Trading Price: BCH is trading at $249.19, following a 12.32% jump with an intraday growth of 8.27%.
Psychological Barrier at $250: The $250 mark is a crucial psychological barrier for BCH's price trend.
Technical Indicators - RSI and MACD: The RSI is in the overbought territory, and a bullish crossover in the MACD indicates a potential trend reversal.
Impact of Bitcoin Spot ETF Approval: The potential approval of a Bitcoin Spot ETF could further boost BCH’s price.
Downside Risk to $200: A reversal in BCH's price could lead to a drop to around $200.
BCHUSDT Forms Prominent Triangle on Daily ChartCurrently Bitcoin Cash KRAKEN:BCHUSDT market is undergoing consolidation near the crucial support line of the triangle, setting the stage for potential movement in the coming days.
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Technical Insights:
Pattern Formation: The development of a large triangle formation suggests a period of indecision and potential market coiling.
Support Consolidation: The present consolidation near the support line within the triangle signifies a critical juncture for market participants.
Anticipated Rebound: The upcoming days could unveil a noteworthy rebound to the upside, fueled by the dynamics of the triangle pattern.
Key Levels Within the Triangle:
Support Zone: The support line within the triangle is prominently situated at $222, acting as a crucial level for market stability.
Resistance Zone: Positioned at $247, the resistance within the triangle marks a pivotal barrier that the market must contend with.
Strategic Considerations:
Observing the Triangle: Keep a vigilant eye on the ongoing consolidation within the triangle as it often precedes significant price movements.
Reversal Potential: The bounce from the support line presents an opportunity for a bullish reversal, with the $247 resistance level serving as a target.
Stay tuned for potential breakout or breakdown scenarios. The $222 support and $247 resistance levels will likely play pivotal roles in determining the next phase of Bitcoin Cash's price action.
Happy trading!
Bitcoin Cash ($BCH) Next Growth Challenge Bitcoin Cash (BCH)
The performance of Bitcoin Cash (BCH) has been somewhat restrained since Bitcoin's rise began in mid-October. The asset only grew by about 25% over the month, but this growth has already been negated.
Currently, BCH is on a downward trend, trading within the support zone of $206-$215. This is the same range from which BCH started its upward journey on October 16. If Bitcoin continues its correction, BCH might set new local lows. The first target for sellers would be the psychological level of $200.
For BCH to start an upward movement, buyers need to show strength and break through the resistance zone between $235-$245 with significant trading volume. The next challenges for growth would be at the $250 level and then within the seller's range of $258-$270. Overall, in its current state, BCH doesn't seem to be an attractive option for spot buying, so it might be prudent to avoid long positions for now.
The Bitcoin Cash bull runBitcoin Cash began its bull run in mid-June following the pattern I had indicated in my previous analysis a year ago.
Long entry: 218 USD
Take profit: between 200 k / 1.2 million USD
This is my personal opinion and this is not a financial advice! Good trading!
BCH Long ideaBCH has been bouncing around this channel since mid August. It just bounced off the bottom of the channel and might be a good play here to hit the median and top of the channel.
I'd look to long until it hits that target area. If there's a close outside of this channel, it would invalidate this idea.
BCH Price Outperforms Bitcoin And Teases A 30% Jump!Strong Support at 50D EMA: Bitcoin Cash (BCH) finds solid support at the 50-day Exponential Moving Average (EMA), setting the stage for a potential reversal rally.
Ascending Triangle Formation: The BCH price chart shows an ascending triangle pattern, indicating a possible bullish breakout.
$300 Price Target: A successful bullish breakout could propel BCH to reach around $300.
Year-to-Date Growth Comparison: Bitcoin Cash has a Year-To-Date (YTD) growth of 145%, surpassing Bitcoin's 120% YTD growth.
Impact of Bitcoin Spot ETF: The anticipation of a Bitcoin Spot ETF approval could significantly influence BCH's price, with strong expectations of a bull run among Bitcoin Cash investors.
Consolidation Phase: Despite recent gains in BTC, BCH has been consolidating, indicating a period of accumulation and potential shakeout of holders.
Current Trading Position: BCH is trading at $237.44, with a 1.47% intraday increase, forming a bullish candle.
Technical Indicators Outlook:
RSI Indicator: Shows a bullish spike, hinting at a comeback phase for bulls.
EMA Trends: Both 50D and 200D EMAs exhibit a positive trend, reinforcing the bullish sentiment.
Potential for a $250 Breakout: BCH is on the verge of breaking the $250 mark, which could lead to a significant price surge.
Bitcoin's Influence: As a derivative of Bitcoin, BCH's price is closely tied to Bitcoin's performance, especially with the ETF approval on the horizon.
Downside Risk: A breakdown below the 50-day EMA could see BCH prices drop back to around $200.
BCHUSD 2h Getting weakLooks weak here.
Constantly getting rejected around 240
Need to see if OBV holds here
