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BCHUSDT trade ideas

BCH after 59% Profit on Our Last Trade. Here We Try Another One ## BCH Coin: Short Fundamentals, Recent News, and Disclaimer **Fundamentals:** * **Bitcoin Cash (BCH):** A peer-to-peer electronic cash system forked from Bitcoin in 2017. * **Market Cap:** ~$4.9 billion (as of Feb 23, 2024). * **Rank:** #21 on CoinGecko. * **Unique Features:** * **Larger block size:** Aims to increase transaction capacity compared to Bitcoin. * **Lower fees:** Faster transaction processing potentially leads to lower fees. * **Community focus:** Aims to be a more usable and scalable version of Bitcoin. **Recent News:** * **Feb 22, 2024:** BCH developer discusses potential integration with the Lightning Network for faster payments. * **Feb 14, 2024:** Bitcoin Cash receives upgrade improving smart contract functionality. * **Feb 8, 2024:** BCH adoption grows with new merchant integrations and ATMs. * **Feb 1, 2024:** BCH price surges briefly after positive comments from Elon Musk. **Disclaimer:** * This information is for educational purposes only and should not be considered financial advice. * Cryptocurrency investments are highly volatile and carry significant risks. * Do your own research before making any investment decisions. **Additional Notes:** * BCH price has been volatile recently, reflecting broader market trends. * The recent news items highlight BCH's focus on scalability, functionality, and adoption. * It's important to be aware of the risks involved in cryptocurrency investments before making any decisions. I hope this information is helpful! Please let me know if you have any other questions.
Long
by MoonTradingForecast
✴️ Headed Towards $555 | Bitcoin Cash Looks Very PromisingBitcoin Cash (BCHUSDT) looks very promising right now. The retrace after the major bullish breakout ending 30-June lasted only 48 days, until 17-August. After this retrace we have a bullish consolidation phase characterized by an ascending channel. This consolidation phase has been going for 132 days, very long by Cryptocurrency standards, more than four months long. In this phase we have higher highs and higher lows. The retrace was weak, no sellers showed up; Double bullish. 👉 Now that it is clear that Bitcoin Cash will continue higher, we have one target only around $555 (118% potential). Along the way, there can be a stop at $317 and $357. These are for the short-term. This bullish resumption is only starting today, but it looks good... Things can change if there is a rejection or prices reverse and close below support (orange). Namaste.
Long
by MasterAnanda
4
BCH/USDT Could BCH Break the key resistance or will be rejected?💎BCH has recently demonstrated significant market dynamics, currently facing a key resistance area. 💎 A successful breakout above this resistance could lead to a significant upward movement, probability reaching our target area. 💎 However, if BCH fails to break this key resistance level, it may face rejection and retreat towards the demand area around $289. This retracement could serve as an opportunity to build new momentum. 💎 If BCH fails to bounce from the demand area and attempts to break the resistance again, it could indicate weakness. In such a scenario, there is a possibility of a breakdown, with BCH returning to test the support of the ascending channel, and potentially moving even lower.
by MyCryptoParadise
BCH/USDT Potential BCH Back test on the resistance of ascending!💎 BCH has recently exhibited significant market dynamics. Currently, BCH is in the process of climbing upward and is testing the resistance trendline of the ascending channel, which probability coincides with the Bearish OB and supply zone. 💎 If BCH fails to break above this resistance, the price may retreat to the support trendline area. Historically, BCH has often bounced back after touching the support trendline of the ascending channel. However, a breakdown below this support could signal a bearish trend reversal, potentially leading the price to the demand area in the range of $219 to $212. 💎 The demand area is a critical zone where a bounce is necessary to sustain the upward movement. A concerning scenario would unfold if BCH breached the demand area, confirming a downward trend with the price likely targeting lower support levels.
by MyCryptoParadise
1
BCH is going up regardless BTC. Another 100% profit.BCH is strong and is rising, while BTC is currently down. Why is that? If we take a look at the price action, we can see that it very much differs from the BTC price action in many ways. We have had a range that broke up, and the price is currently almost at the previous major swing high from June 2023. My Elliott Wave count suggests that we should see a huge pump soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! I am not a huge fan of BCH, but there are some facts. Why BCH? Bitcoin Cash was considered by some supporters to be the legitimate continuation of Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash. From a technical perspective, Bitcoin Cash is similar to the Bitcoin algorithm. Namely: both projects have a hard cap of 21 million coins and also use Proof-of-Work (PoW) consensus framework and nodes to verify transactions. Unlike Bitcoin (BTC), Bitcoin Cash aims to scale to meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network. As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
4
🚧BCHUSDT will Go Up Again🚧 Road Map(4-H)🗺️!!!➡️ Due to the ascending structure of the chart - High potential areas are clear in the chart - You can look for reasons to enter according to your own personal strategy after approval. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
BCH: Sideways ChannelTrade setup : Trends are mixed. Trading in a Sideways Channel ($215 - $260). Swing Traders: can trade the channel: enter near $215 support, with +20% upside potential back to $260 channel resistance. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 - $150. The nearest Resistance Zone is $260, then $330.
Long
by altFINS
it's time to going up for BCHUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: Target1: 259.98 Target2: 264.51 Target3(Final Target): 268.14 Stoploss: 251.35 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
Long
by MakingMoney444