From a technical standpoint, Bitcoin Cash is currently one of the best rounding coins compared to others, and it hasn't broken its upward channel. It continues to move steadily within the trend.
It recently took support from the midline of the channel and made a move, though this move wasn’t very large — it stayed around a 4-5% profit range. It has now completed its correction, but if it drops back to the bottom of the channel and then rises again, the profit potential would be even higher. At the moment, there’s only about 4% upward space left before it meets the top resistance of the channel.
Bitcoin Cash is currently one of the most technically clean and consistent altcoins. If it pulls back slightly, it might be a better entry, but there’s no issue with entering from this level either. Therefore, I’m opening a 4.5% position here, with a profit expectation of 4.5%.
After its last impulsive move, Bitcoin Cash experienced a full retracement. However, it managed to maintain its bullish structure by avoiding a close below its previous low.
At this point, it has reached its target and is still climbing. However, buying from here is a completely risky move. From a technical analysis perspective, Bitcoin Cash has already reached the extent of its potential upside.
Starting from this point forward, I absolutely do not recommend any long positions in Bitcoin Cash. Due to potential profit-taking by whales, a sharp correction is very likely.
I’ll provide updates as the situation develops, but for now, Bitcoin Cash is not in a suitable position for opening long trades. It has reached its target. Therefore, the best action at this stage is to wait.
Bitcoin Cash completed a correction after its previous impulsive move, but within that correction, a secondary retracement occurred. This brought the price down to the edge of the 200 MA zone. The MA200 acted as strong support and triggered a reaction.
Despite experiencing another minor pullback, the current structure still appears favorable for Long entries. As shown in the chart, a Long position is already open. I haven’t set a stop-loss because I have enough capital to average down if needed.
For those looking to enter, this could be a good opportunity.
Bitcoin Cash appears to have completed the correction of its latest impulsive move. The retracement ended at the 0.786 Fibonacci level, which also coincides with the 200 MA — a strong technical support zone.
Given this confluence, I opened a Long position targeting a 5% profit. I am not using a stop-loss because I plan to lower my average entry by adding more from lower levels if needed. Technically, the setup looks favorable for a Long trade at this point.
We're about to pull off a high-stakes breakout heist on the BCH/USDT “BitcoinCash vs Tether” crypto market using the legendary 🔥Thief Trading Style🔥 — powered by technical + fundamental recon.
🎯 Mission Objective: Long Entry "The vault is cracking open... our move starts above the 455.00 MA breakout level. Set your traps smart!" ✅ Buy Stop: Above MA @ 455.00 – The breakout point to initiate the heist. ✅ Buy Limit: Look for pullbacks on 15m or 30m swings for a sneaky entry at key levels. 📌 Set an alarm – don’t blink or you’ll miss the breach!
🛑 Escape Plan – Stop Loss 🔊 Yo crew, hear this: If you're rolling with a buy stop, don’t drop your stop loss too early – wait till we’re inside! 📍 Ideal SL @ 425.00 on 4H swing lows — keep it smart, based on risk + lot sizing. You’re the captain of this getaway — protect the loot!
🏴☠️ Target Zone 💰Profit Point: 500.00 (or escape earlier if heat increases 🔥) Get out before the cops (bearish robbers) regroup!
Entry Points 📈 - **Breakout Entry (Entry 1)**: "Crack the vault! Spot the MA breakout at 430.0 and jump in—bullish riches are calling!" *Pro Move*: Set buy stop orders above the Moving Average or buy limit orders at the latest 15/30-min swing low/high for pullback entries. 📣 Add a chart alert to snag the breakout! - **Pullback Entry (Entry 2)**: "The job’s on! Wait for the MA pullback in the Market Makers Trap/Heist Zone at 350.0, then strike—guts win big!" 📍 *Trader Hack*: Set a TradingView alert for the 430.0 breakout to stay one step ahead! 🔔
Stop Loss 🛑 - **Breakout Traders**: Once the breakout confirms, place Stop Loss below the recent 1D swing low at (Entry 1) 380.0 & (Entry 2) 310.0 to shield against reversals. ⚠️ - **Pullback Traders**: Customize Stop Loss to your risk tolerance (e.g., 1-2% of account). Tweak based on lot size and multiple orders. 📏 - **Risk Warning**: This heist’s high-octane! Keep position sizing tight to protect your stash. 🔥
Target 🎯 - Aim for 500.0, close to the Red Zone (overbought territory ripe for consolidation or reversal). 🏴☠️ - **Exit Play**: Cash out early if bearish clues (e.g., high volume, reversal candles) pop up near 500.0. 💸
BCHUSDT #BCH Update #3 – July 31, 2025
