BCHUSDT trade ideas
Bitcoin Cash in declineHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash is in strong downtrend and isn't showing any signs of life. In my previous post about Bitcoin Cash I wrote that it is likely that price will go to 200 level. So far it goes slowly but surely. Even recent Ripple win in court against SEC didn't help BCH to climb to 300 and stay above. There is definitely no buyers in Bitcoin Cash and price will slowly drop to 200 and maybe even lower.
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BCH ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the BCH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BCH Technical Analysis#BCH Technical Analysis
I wont type anything special coz i have already mention this pattern multiple time time,
i would just say to keep an on 220$ CRYPTOCAP:BCH
if you understand anything from it you comment.
Potential Upside MomentumBitcoin Cash is now trading at $240 support level, and the next major support is around $232. If the price falls below this support, it might test the $220 level. Further losses could lead the price towards the $200 handle in the near term.
Brief Analysis ——BCHLTC is expected to be halved on Aug.2. The block reward will change from 12.5 LTC to 6.25 LTC. The halving of token does not necessarily bring the rising, but for tokens, the halving is a deflation way for tokens. This model makes sense. It is different from the inflation way for traditional currencies. Today we bring a brief analysis of LTC, DASH and BCH. It should be noted that the halving of LTC and BCH is coming soon, and the halving of DASH has already happened.
BCH has been fluctuating for nearly a year since July 2022. On June 21, 2023, the bulls was significantly strengthened. The price rose and it approached the upper rail of the range in a single day, and then pumped. In 10 days, the price increased by 177%. There is no doubt that BCH has turned bullish on a large scale. Although in July, the long-term callback of BCH appeared. It is not destructive for the previous rise. After the fall indicated by the red arrow, the price continued to fluctuate for 5 days, the power of the bears weakened. The price rose on Sunday, approaching the upper rail of the range (gray area) and the trading volume showed a increase.
Conclusion: Mostly fluctuation. The probability of rising is greater than that of falling. The current price has not reached the high of the previous few days, so we think there is a high probability of fluctuation. But BCH is bullish on a large scale, so we keep the possibility of rising. We set resistance level at 262 and support level at 232.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
BCH rally update!Hey friends hope you are well, and welcome to the new update on Bitcoin Cash (BCH).
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
BCH is ready!!In my opinion, with only basing my assumtion on the candles pattern of BCH.
TAYOR : Trade at your own risk
BchIf the green support is not lost, in the first stage of the roof of the channel, and if the roof is broken, higher red numbers can be seen, if the floor of the channel and the green line are corrected, it can be checked.
Support Levels Shift, Buyers Eye $300 ResistanceSeveral resistance levels in the price of BCH (Bitcoin Cash) have now transformed into support levels. The closest support level for BCH is believed to be around $210. If there is a positive response from buyers at this support level, it is expected that they will make another attempt to drive the price back up towards the resistance level of $300.
BCH/USDT will probably go out of the banner shock!BCH/USDT will probably go out of the banner shock!
🚀📈 Exciting News! 📉🚀
📉 BCH/USDT has recently experienced 5 consecutive days of slight decline, indicating the release of short selling momentum.
But wait, there's more! 📈 The positive trend is pulling up, showing signs of a potential upward surge! 💹
💪 With the closest support around 225.04 (June 29, 2023 opening price), the outlook is promising for potential rebounds! 📊
🚩 Get ready for a flag-shaped oscillation pattern ahead, offering opportunities for both short-term traders and long-term investors! 📈🚩
🌟 Don't miss out on this golden opportunity!
Stay tuned for potential profits as BCH/USDT prepares for exciting price movements!
#BCH #USDT #ForexTrading
Rest after BCH currency flightAfter growing 200% in 11 days, the BCH currency is now in correction. Two important support ranges have been identified for this currency, as well as a resistance range.
BCHUSDT 4H AnalysisBCH is bearish below $235 area if a break occurs: This suggests that if the price of BCH falls below $235, it is expected to continue moving downward. The $235 level can be seen as a significant resistance level that needs to be overcome for a bullish trend to emerge.
Target aiming for the $300s level based on Fibonacci retracement: In this case, the analysis indicates that if BCH manages to break through the bearish trend and surpass the $250 area, the target for its upward movement would be in the $300s range.
Major support at $250 - $245 level: A major support level refers to a price level at which a significant number of buyers are expected to enter the market, potentially leading to a price reversal or a slowdown in downward momentum. In this analysis, the $250 - $245 range is identified as a crucial support level for BCH. If the price approaches this range, it might find strong buying interest, potentially influencing a bounce or consolidation.
BCH might do a simple thing here: I suggests a straightforward or predictable outcome for BCH based on the identified support levels, potential breakouts, and Fibonacci retracement. This could mean that BCH is expected to follow the expected patterns and price levels without any significant deviations.
🔥 BCH Bull-Flag Break Out TradeThis BCH trade is based on the idea that BCH's recent double bottom is going to be the bottom for the foreseeable future, and that BCH will continue it's bullish trend upwards.
Target at 290$, which is historically a very strong area of resistance. Stop below the recent lows.
For a safer trade, you can wait until the price has broken through the top resistance.
Bitcoin Cash rally is overHi guys, let's review the current situation on Bitcoin Cash.
It seems that Bitcoin Cash continue rally is coming to the end and probably we won't see any big green candle on weekly chart. In my previous post I indicated that last couple weeks there was extremely high volume on weekly candles and often it may indicate on changing direction, at least short term. Note that last on last week candle there was highest volume ever on BCH so it's normal that there will be some correction. This week we can see this correction.
If bulls want to continue recent rally then it's important for them to BCH close above 265 on weekly candle, it would be better if it closes somewhere around 280-290.
If this happens then we can expect price to test 330-340 levels but from current situation it's unlikely that this will happen. I expect that even if BCH price will rise it won't go higher than 300-310 and then continues it's correction to 220-200 levels.
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Many thanks.
BCH is looking good.BCH is looking good.
There is a retest of the buyer's block from which I expect a technical rebound.
I took a long position.
Stop loss 250$
