what goes up usually comes back down.....eventuallynfa
y axis only
bitcoin cash giving us a preview of what is coming for most alt coins
BCHUSD trade ideas
✴️ Bitcoin Cash | End Of Consolidation Phase = New Bull MarketThis is only the beginning. In purple we have here what we will call a consolidation phase. We have two different types of consolidation with both following the exact same pattern.
As Bitcoin Cash moves to print a multi-year long low in December 2018, trading volume is really low.
The bottom low is set and a consolidation phase starts.
When the consolidation phase is over, a new bull-market develops, volumes rises and becomes strong.
Fast forward four years into the future, Bitcoin Cash produces a multi-year long bottom low yet still a higher low compared to December 2018. This low came in November 2022.
We have a bullish breakout and the consolidation phase comes to an end, this is marked by the highest volume in a year and a very strong RSI. This will lead to a new bull-market. This is only the beginning.
We should expect years of growth as we saw after the December 2018 low.
Then prices will peak which will produce a new bear market and a new multi-year long bottom low, consolidation and the cycle repeats.
We had a V shaped consolidation in 2018.
We have and long drawn out consolidation in 2022, perfect according to the law of alternation.
Just so you know, this is only the beginning of years of growth.
Namaste.
✴️ How Far Up Can Bitcoin Cash Go?This is the question that is on your mind right?
How far up can it go?
Bitcoin Cash closed last week above EMA50, on the weekly timeframe, with the highest volume since May 2021.
The high volume clearly revealing what is about to take place.
The trade I shared in early January had a top target of $280 but that is being conservative of course. I am always conservative with my targets because the focus is on getting a good entry, a great entry, buying near support, low, All-Time Low and then letting the market develop and the selling can be adjusted to each individuals goals.
Ok... Enough of that.
Short-term, we can see 274 and 325, easily.
Medium-term, not so sure about these "terms" but things are going up, we can see 380 and even 444.
These are the targets that I have extracted with certainty based on what is currently going on in the market. These are not projections but data based targets.
I can do projections also for the long-term and this will be done either later this year or next year for the Altcoins we track and look at together.
Long-term we can see 575 and beyond and a new All-Time High when the next bull-market fully develops in 2025/2024.
These are just my views and opinions.
This is not financial advice.
I am translating what I see coming from the charts.
Namaste.
BCH UPDATE R0At the moment, price is currently retesting an important imbalance at 240$. A closure below this level on the 3 day chart can predict a potential pullback towards 150$. But in order for the pullback to be valid, price must respect the current high that will form from here. On the other hand, a break above 240$ from here will push price towards 260$ easily.
BCH has completed a major rectangle bottomI really do not want to chase this rally here, but a bottom of significance is in place. Periods of short term weakness can be used to purchase BITSTAMP:BCHUSD
BCH run is over take profit and open shortBCH run is over take profit and open short. BTCUSD also in short area so big compound short for BCHUSD.
BCH preparing to rip and dipTitle says it all.
I think there is a bit more upside, up to perhaps 300$ level. I would rather be a short at this point than a long.
I will short at 225$ and add if we reach 300$ add to short again. Then I pray for a drop to around 160$ to GTFO (Goat The F Out).
Not a financial advice. This can fail like everything else :) play according to your risk tolerance :)
Flipt all my gov MKR tokens for $BCH coinsThe moment I've flipt all my MKR tokens for acutal coins ( CRYPTOCAP:BCH ) is the best thing I've done in 2023! The days of a 100$ CRYPTOCAP:BCH is OVER! A tons of actual usecase = demand, makes CRYPTOCAP:BCH equal as good then BTC in my opinion. My 1500$ investment became just 3700$, I'm not selling a dime! Bitcoincash just started a multi year bullrun...
BCH HUGE POSITIVE MONEY FLOWTechnical chart indicates a positive money flow. Follow the charts before the news!
BCHUSD Bitcoin Cash Sell Entry At the moment, BCHUSD is trading at $194, and its resistance is at $205. You can sell it from there if the H4 candle rejects. The take profit level would be its support level at $170, and the stop loss would be at $220. Currently, the Weekly RSI is also crossing the 70 level, which indicates an overbought zone, so it should come down. I hope we can make a good profit.
Not financial advice. Trading carries risks. Consult a professional advisor. Perform due diligence. No endorsement of specific strategies by OpenAI or its models.
Not Bitcoin... Bitcoin Cash is bearish until 2025Chart speaks for itself.
The early investors got out a long time ago and they are not coming back.
This crypto asset has a lot to prove if it ever recovers after the 25.00 crash.
Money flow in the markets for this crypto asset may seem bullish but its not.
Intermittent pump and dumps keep repeating.
The real Bitcoin asset is stable and produces more confidence in the market than
these copy cat assets trying to market a brand.
BCH Bitcoin Cash Institutional Buying Target Price 20K - 30K The beautiful Law of supply and demand. Financial Institutions are heavily involved in the crypto market now. Bitcoin Cash is only a limited supply just like his big brother BTC. The next face of accumulating BCH is taking place right now before the FOMO, expect a 20K - 30K TP for BCH
✴️ Bitcoin Cash | Highest Price In 1 Year (Bull-Market)Bitcoin Cash (BCHUSD) never went below its November 2022 low, just like Bitcoin, but unlike Bitcoin today it went ahead of the entire market.
We have the highest price since early June 2022, more than a year ago.
The RSI is off the chart and there is nothing more to look at but there will be additional growth.
The way we trade, the way we do it, is to join/buy BEFORE the breakout, BEFORE the bullish action starts.
When the action is ongoing it becomes too hard to predict the next move. We can tell that there will be additional growth but we cannot tell if tomorrow there will be a correction or in a weeks time.
Our trade signal for BCHUSD with leverage hit all the targets and now we have to move on to other pairs. See here .
This is part of the Name Your Altcoins series, we will continue with the next one.
You can find the next target mapped on the chart and support levels.
Namaste.
BCHUSD - accumulation and targetThe Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023
BCH Bull - DeFi on Bitcoin Cash
313 days of accumulation
falling wedge + breakout
Bitcoin Cash: Volume, Price & TimeBCH/USD price action has more or less flatlined since July 2022. Bitcoin Cash has been very bearish overall, with extreme bullish impulses, over the course of its nearly 6-year (8/2017 - to date) price discovery history. It took 2 years from its December 2018 bottom till its December 2020 bottom for BCH/USD to go on a parabolic bull run. It took 3 1/2 years from December 2017, 4300 top till May 2021, 1642 top. If these patterns tend to repeat themselves, there may not be any BCH/USD parabolic bull run until May-December 2024, yet the time to accumulate may have started in December 2022.
On the 1-day chart, (FibMAI) Fibonacci Moving Averages Input indicator SMA89 crossed over SMA233 in March 2023 printing its first long signal since December 2020. On the 1-week chart, FibMAI indicator SMA5 crossed over SMA21 in February 2023 printing its first long signal under 300 since November 2020. On May 12th, 2021 BCH/USD topped out at 1642 and lost 95% of its value by November 10th, 2022 when it bottomed out at 87.
On the 1-day chart, (VF) VolumeFlow indicator 89 length Accumulation/Distribution bottomed out in January 2023. VF indicator 89 length has not crossed over 233 length Accum/Dist yet. On the 1-week chart, VF indicator 5 length Accum/Dist bottomed out in July 2023. VF indicator 5 length crossed over 21 length Accum/Dist in January 2023.
Here's a BCH/USD 1-day and 1-week, 2-split view chart. With the 1-day chart, (FibMAI) Fibonacci Moving Averages Input indicator SMA89 and SMA233. (VF) VolumeFlow indicator 89 length Accumulation/Distribution and 233 length Accumulation/Distribution. With the 1-week chart, (FibMAI) Fibonacci Moving Averages Input indicator SMA5 and SMA21. (VF) VolumeFlow indicator 5 length Accumulation/Distribution and 21 length Accumulation/Distribution. For visual purposes on the 1-day chart, I included FibSMA21, 34, 55, 89, 144 & 233. And on the 1-week chart, I included FibSMA5, 8, 13, 21, 34 & 55.
I'm posting this as a long because of the risk : reward ratio of the current price relative to BCH/USD price discovery history. Only time will tell.
BCH UPDATE ROThis is the continuation of my previous view for BCH. I still believe that price can easily retest 150$, but only after price breaks above this level, we should be able to see 200$/BCH.
BCH - Showing interest in targeting 195BCH has formed a head and shoulders setup and appears to be targeting the 195 area .
This area is also the area of strong resistance
Bull Flag BCH 1 Hour ChartsThe energy has shifted and people aren't understanding how big the late news were on (Blackrock, Deutsche Bank, EDX -Fidelity -Charles Schwab - Citadel). My opinion has always favored the blue chip coins and bch has lots of potencial short and long term.
Bitcoin CashLast Bull Run I picked this baby up at $85 and sold at $1200. Didnt catch the bottom nor the top but it was damn close. After all the news this last week and the institutional players having an in I would feel comfortable stating that this is close to this cycles bottom for BCH. Im not here for the comunities nor for a specific coin, im here for the $$.
Short BCHEverytime it has gone higher, we had a bad rejection. Think this time will be different?
How about no. Wait until it slips below 100 again. ;)
As always your friendly neighbourhood spideytrader. ;)
BCH: Bullish TP 330+, Target 697 if possibleGOT my previous post blocked, so have to repost with 3 hour delay
BCH have been holding $100 very well.
BTC maybe King, but BCH could crypto cash.
If there is a micro 3 month bull run, i am looking that BCH may move up to 330 fairly due to new demand, but i fear, if mania then 697s otherwise it will fade out going into EOY
I am looking at these FIBS, and i am looking at the prices of said fibs.
I am basing my 100 of the max run of 2019, so if the moment is not matching that will take longer or shorter based on price and volume
cheers everyone.
I honestly, can't recall the last time i have done a TA, lol
Report is coming soon, at end of july i think, as i still involved in NFT projects ;p
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow Crypto Punks!
_Ajion
