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Bitcoin Cash / TetherUS

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BCHUSDT trade ideas

BCH / USDTBitcoin Cash (BCH): Bitcoin Cash is a cryptocurrency that emerged as a spinoff of the original Bitcoin blockchain. It was created to address scalability issues and provide a more efficient electronic cash system. BCH aims to be cheaper, faster, and more scalable than Bitcoin for everyday transactions. Historical Journey: August 2017: Bitcoin Cash was officially launched and distributed to Bitcoin holders at a ratio of 1:1 (one BCH for each Bitcoin held). Similarities to Bitcoin: Shared the same blockchain until the hard fork. Total supply capped at 21 million. Differences from Bitcoin: BCH can support 25,000 transactions per block, compared to Bitcoin’s 1,000 to 1,500 transactions per block. BCH’s price experienced significant volatility: December 2017: BCH hit an all-time high of $4,355.62. Bear Market: Lost 80% of its value over the next six months. January 2021: A new bullish cycle began, driving BCH to a peak of $1,636 in May 2021. June 2021: Price fell 75% to $40. How Bitcoin Cash Works: Users send and receive BCH on the blockchain using public-key information. Miners compete to discover new blocks using proof-of-work consensus. BCH uses the same SHA-256 hashing algorithm as Bitcoin. Bull Market Comparison: If we compare Bitcoin’s bull market cycles since its halving dates, we see growth percentages from each halving. The longer the consolidation, the more explosive the markup tends to be.
Long
by martinizvorov
BCH/USDT breakout from falling wedge? 👀🚀BCH Analysis💎 Paradisers, #BCHUSDT has successfully broken out of its falling wedge pattern, indicating a probable continuation of the upward trend. 💎 We'll await a retest for confirmation before planning our trade, as a retest phase often follows a breakout and provides an excellent opportunity to verify bullish momentum. If #BITCOINCASH can maintain support at $441 and continue its upward trajectory, the next target lies in the resistance zone identified in our target range. 💎 However, if #BCH fails to sustain support and drops below the $441 area, it could signal a weakening of the bullish trend. In this scenario, the price may decline further towards the next significant support level, around $401. 💎 Historically, BCH has shown resilience by rebounding decisively from the $401 support level. If this pattern holds, a strong bounce could occur, potentially reclaiming the $441 support zone and advancing toward our intended target. 💎 Should SET:BCH struggle to rebound convincingly from $401 and exhibit declining volume, it may suggest a breakdown in bullish momentum. A decisive close below this critical support could challenge the bullish outlook, leading to a more bearish trend. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Bitcoin CashHello to dear traders, Digital currency Bitcoin Cash This digital currency, like its competitors, has also started to correct its chart. The best selling price comes after accumulating liquidity. Its probable target is the daily order block extremum. A unique selling deal could be our share. However, our main goal is another profitable order block. A unique purchase is repeated, but this time more profitable. And the next target is the main chart ceiling. # Smart money concept # Liquidity # Hunter
Short
by fereydoon1199
📊#BCH has the opportunity to form a double bottom structure📈🧠We started the correction after completing the daily level target. At present, the price has returned to the buying zone and obtained good support, and has the opportunity to form a double bottom structure. The target zone can focus on 611-663, and there is a chance to break through the short defense point.🙏🎯 ➡️If it breaks through successfully, it means that the space above is opened and huge upside potential will appear.🚀🌕 ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
🔄💱 BCH Trade Plan! 💱🔄📊 Analysis: Support Retracement: Bitcoin Cash (BCH) has undergone two substantial upward waves, followed by a retracement to a key support area. Entry Range: Consider entering the trade around $500, aligning with the current support level. Profit Targets: Aim for profits at $630 or $750, potential resistance levels. Risk Management: Set a stop-loss based on daily closing prices, just below $445, to mitigate potential losses. 📈 Trading Strategy: Entry: Initiate a long position near the identified support level of $500. Targets: Take profits at the specified resistance levels of $630 or $750. Risk Control: Implement the provided stop-loss to manage downside risk, ensuring capital preservation. 🚨 Note: Stay informed and adapt your strategy as market dynamics evolve! 📊🔍 #BCH #TradingPlan #CryptoAnalysis 🌟📈
Long
by Richtv_official
LONG #BCHUSDT Target $540LONG #BCHUSDT from $516 stop loss $501 15m TF. The instrument is locally located sideways, the price has managed to gain a foothold over the previous previously broken sideways long, formed an excellent cascade for continued growth, which continues to maintain unrealized liquidity, trading volumes have fallen noticeably, I expect to see an increase in buyer activity and continued growth in the breakdown of the cascade with the potential to move to the 540 mark where the seller's area of interest is located
Long
by CScalp_EN
BCH/USDT it shows bounce from this level and potential upward!💎 Paradisers, the recent market dynamics surrounding #BCH have indeed been noteworthy. With a bounce from the demand area, there's momentum for BCH to continue its upward movement. 💎 A valid bounce from this area could signal a return to upward momentum, potentially leading to a back test of our target strong resistance area. 💎 However, if BCH fails to bounce from the demand area and instead breaks below it, this could signify a negative momentum shift, leading to continued downward movement towards the support area. 💎 BCH must bounce from the support area and reclaim price above the demand if it intends to sustain its upward movement. Failure to do so, with a breakdown below the support, could lead to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
BCH/USDT Trading ScenarioAfter a successful accumulation phase, BCH experienced significant growth in June 2023, rising from $90.6 to $330.1, representing an increase of over 267%. This was followed by a new accumulation phase, with the subsequent resumption of an upward trend. BCH has reached the trendline twice, which serves as support. The volume profile confirms the stability of the current upward movement, as market participants continue to move up along the trend. Currently, the BCH’s price has decreased by more than 40% from its last peak. The POC level could represent an attractive entry point. However, the possibility of continued decline towards the trendline should also be considered, where maintaining the trend may offer even more beneficial entry points for the BCH purchase.
by Rick_SimpleSwap
SHORT #BCHUSDTSHORT #BCHUSDT from $466.32 15m TF. The instrument has formed a descending structure in the form of a triangle, lowering the passing volume and price highs along the trend line, which indicates the weakness of buyers and the strength of sellers. The price is being squeezed towards a cluster of support levels with several touches, behind which unrealized liquidity has accumulated. I will consider trading near the cascade and an impulse breakdown on the activity in the glass.
Short
by CScalp_EN