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BCH Perpetual Futures Contract

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BCHUSD.P trade ideas

bch safe trade Bitcoin Cash (BCH) is showing promising signs of an impending upward move. money strength indicators are positive, and with volatility increasing on longer time frames, the momentum appears to be building. Notably, momentum waves are converging and pointing upwards, suggesting potential for growth. Additionally, a clear trading channel has emerged, allowing for a low-risk stop loss strategy. This combination of favorable indicators and a structured approach to risk management highlights Bitcoin Cash as a potentially safe and lucrative trading opportunity.
COINBASE:BCHUSDLong
by superkitty
4
🚀 BitcoinCash (BCHUSD: Long-term bullish triangle◉ Preferred count ● COINBASE:BCHUSD ,🕐TF: 1D 🔮Forecast from 01/24/2022; Fig.1 ● COINBASE:BCHUSD ,🕐TF: 1D 🔮 Forecast from 06/21/2023; Fig.2 ● COINBASE:BCHUSD ,🕐TF: 1D 🔮 Forecast from 03/05/2024; Fig.3 The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 . Inside the triangle, subwaves (A) , (B) and (C) have already been completed, and then subwave (B) develops. At the end of the sub-wave (D) , I plan to shorten part of the long position, because there is a possibility of exiting the sideways pattern downwards (see Alt.). ______________________ ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 03.11.2023; Fig.4 ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 02/28/2024; Fig.5 ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 03/05/2024; Fig.6 At the beginning of 2023 there were options for a minor update of the low of 86.80 , but we focused on the bullish counting. Last November, signals appeared in favor of a triangle in wave (b) of ((i)) (Fig. 4). As you can see, the forecast worked almost perfectly. Yes, the formation of wave (c) of ((i)) in one form or another can continue, but most of the upward movement is most likely already behind. We are preparing for the beginning of the correction in wave ((ii)) . ______________________ ◉ Loc. Alternative count ● COINBASE:BCHUSD ,🕐TF: 8h 🔮Forecast from 01/24/2024; Fig.7 ● BINANCE:BCHUSD ,🕐TF: 8h 🔮Forecast from 03/05/2024; Fig.8 There was an alternative, but it was co-directed with the preferred wave scenario. Based on the depth and shape of the downward correction, we will look at which marking option is most likely. ______________________ ◉ Alternative count ● COINBASE:BCHUSD ,🕐TF: 2D 🔮Forecast from 03/05/2024; Fig.9 There is not enough historical data to speak with confidence about a bullish pattern. It is quite possible that the triangle is a wave (X) inside a double downward zigzag. With an eye on the negative scenario, I plan to partially exit the long position if there is a completed zigzag C of (X) .
COINBASE:BCHUSD
by TradeWaves-EWA
5
Bitcoin Cash Is Breaking Out Of Bullish TriangleBitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle pattern in wave (IV), which looks to be completed after recent break above 300 region.
COINBASE:BCHUSDLong
by ew-forecast
4
BCH/USD Secondary trend. Wedge. Area 96 ArtemisThe graph is logarithmic.Time frame is 3 days. Secondary trend. The wedge is in the final phase of its formation. The price is in its band near the support area of 96. Local double bottom 72% may be formed inside the wedge. Its confirmation and embodiment will bring the price closer to the wedge resistance breakthrough (red line). The price is near the area of historical lows of $77. The price is now $115 Percentage from the key local zones shown on the chart. Remember, the price is now within the wedge band. Coin in coinmarketcap : Bitcoin Cash Line chart. Local trend . Double Bottom Zone. Main trend was shown earlier in this trading idea. BCH/USD Main trend. Breakdown of the channel. The important zone Main Trend. Linear chart.
COINBASE:BCHUSD
by SpartaBTC
63
Bitcoin Cash Spiked: A Surge in Mining Power & Market DynamicsBitcoin Cash ( CRYPTOCAP:BCH ) has witnessed a remarkable surge in value and mining power, signaling a resurgence in interest and confidence within the cryptocurrency community. Despite originating from the same roots as Bitcoin (BTC), BCH has carved its own path, fueled by debates over block size and scalability. Let's delve into the recent developments surrounding Bitcoin Cash, exploring its market dynamics, mining trends, and potential for future growth. Unprecedented Growth and Market Dynamics: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge, with a staggering 58% increase in value on March 2nd, underscores its resilience and potential for growth. Despite BCH's market capitalization standing at $9.40 billion, significantly lower than Bitcoin's towering $1.20 trillion, the cryptocurrency has exhibited robust momentum, boasting a 78.5% surge in weekly performance. Trading at $479, CRYPTOCAP:BCH is challenging multi-year resistance levels, potentially paving the way for a substantial price spike. Shift in Mining Preferences: One of the most notable developments is the surge in Bitcoin Cash's mining power, with an average hashrate jump of 102.5% to 8.01 EH/s as of March 3rd. This surge in mining activity echoes the network's resilience and attractiveness to miners, indicative of its robust security and engagement levels. Unlike Bitcoin's speculative interest, Bitcoin Cash is positioning itself as an efficient medium of exchange, emphasizing scalability and practical utility. Community Initiatives and Future Prospects: The Bitcoin Cash ( CRYPTOCAP:BCH ) community is actively championing the cryptocurrency as a global electronic cash system, aligning with evolving market trends. Developers are venturing into decentralized finance (DeFi) and Web3 initiatives, introducing CashTokens to enhance BCH's practical use cases and adoption. With a focus on scalability and utility, Bitcoin Cash ( CRYPTOCAP:BCH ) aims to establish itself as a viable alternative to traditional payment systems, fostering widespread adoption and mainstream acceptance. Conclusion: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge and resurgence in mining power underscore its resilience and potential for growth in the ever-evolving cryptocurrency landscape. As BCH continues to differentiate itself from Bitcoin and carve its own path, its emphasis on scalability and practical utility positions it as a formidable player in the digital currency ecosystem. With community-driven initiatives and a focus on enhancing adoption, Bitcoin Cash is poised to expand its influence and establish itself as a leading contender in the global electronic cash revolution.
BINANCE:BCHUSD.P
by DEXWireNews
1
Bitcoin Cash Surges 40% Ahead of Halving & Jessica Upgrade!In a surprising turn of event, Bitcoin Cash ( CRYPTOCAP:BCH ) soared 40%, driven by anticipation for its halving event and the implementation of an adaptive block size limit algorithm, signaling strong investor confidence and a bullish outlook for the cryptocurrency. Significant Price Rally as Halving Approaches Over the week, Bitcoin Cash ( CRYPTOCAP:BCH ) witnessed an impressive surge, surging over 40% to peak at $451. This rally brought its monthly gain to 88%, far outstripping Bitcoin’s ( CRYPTOCAP:BTC ) growth over the same period. Currently, with a market capitalization of $8.71 billion, CRYPTOCAP:BCH is trading around $444, having briefly touched $451. The anticipation surrounding its upcoming halving event, scheduled for around April 1, 2024, and the expected network upgrade in May, has fueled this rapid price increase. Post-halving, the reward for BCH miners will be halved from 6.25 BCH to 3.125 BCH, a change eagerly awaited by the market. Anticipated Network Upgrades Spark Interest The Bitcoin Cash ( CRYPTOCAP:BCH ) community is particularly excited about the annual May fork, which aims to implement an adaptive block size limit algorithm. This significant upgrade is designed to address an economic vulnerability that led to the BCH/BTC network split in 2017. According to BCH developer Jason Dreyzehner, the algorithm will adjust the block size limit based on network usage, potentially doubling the maximum block size annually at peak growth. This adaptive approach seeks to balance infrastructure costs with network capacity, ensuring Bitcoin Cash can scale effectively to meet demand. Market Reaction and Trading Volume Insights Following this surge, Bitcoin Cash ( CRYPTOCAP:BCH ) now ranks 11th in trading volume among over 10,000 cryptocurrencies. Tether ( CRYPTOCAP:USDT ) is the most traded pair with CRYPTOCAP:BCH , accounting for more than 53% of transactions. Notably, in South Korea, CRYPTOCAP:BCH trades at a premium, averaging $467.75 compared to the global average of $444. This premium highlights the strong demand and positive sentiment towards BCH in specific markets, further emphasizing its global appeal and the widespread anticipation of its forthcoming technical advancements. The Road to the Jessica Upgrade As the community eagerly awaits the CRYPTOCAP:BCH Jessica upgrade, excitement continues to build over the adaptive block size limit algorithm. This innovation is seen as a pivotal moment for Bitcoin Cash ( CRYPTOCAP:BCH ), potentially resolving longstanding debates over network throughput and scalability. The previous Cashtokens upgrade in May 2023, which introduced smart contracts and on-chain tokenization, set the stage for this next phase of development, underscoring the CRYPTOCAP:BCH community’s commitment to continuous improvement and innovation. Conclusion The remarkable 40% surge in Bitcoin Cash’s value highlights the cryptocurrency’s strong market position and the optimistic outlook from investors and developers alike. With the halving event and the adaptive block size limit upgrade on the horizon, CRYPTOCAP:BCH is set for significant changes that could redefine its utility and scalability.
BINANCE:BCHUSD.PLong
by DEXWireNews
Long Bitcoin Cash (BCH) to $310Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range. We do have some resistance to get through. 237 is a level of resistance along with the 100 day SMA just above that. But if those can be defeated, we're well on our way. Target #1 - 254 Target #2 - 270 Target #3 - 288 Final Target - 311 I plan to take 25 percent off at the first target and raise my SL to break even. Thereafter, every target reached will be another quarter off of my full position and a raised SL to the preceding level. Risk/Reward on this is a healthy 5/1 with my stop out placed at 222. Best, Stew
COINBASE:BCHUSDLong
by stewdamus