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BCH

Bitcoin Cash BCH Big Blocks vs LitecoinBitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. The long term trend is negative, which leads me to conclude that it will be negative in the future also. On the near term I would suggest that BCH-LTC may reach a bottom and conduct a reversal rally into resistance levels so on the chart
KRAKEN:BCHUSD
by noam_chom
4
BSV : NEW INCREASE TIME TO STARTAfter we have seen a movement in BTC, and BCH, the Technical side shows a breakout possibility on BSV. One thing is that BSV the only BTC that follows the idea of satoshi of Nakamoto 100% We expect that BSV can have coming time a volume increase since some pattern confirmation shows a high chance of a breakout. We will follow BSV to see If this breakout will play in the coming time over. One of the most targets is $79 followed by $110 There is a trend going on in HK with new exchanges, this can be a volume change for BSV also. It can take some time, but the interest will stay the same. Know the risks of trading, this update means only as expecting views and not trading advice. BSV info Bitcoin SV (BSV) is often claimed to be the coin that follows the vision of Satoshi Nakamoto more closely than Bitcoin (BTC) or Bitcoin Cash (BCH). This claim is based on more factors. Protocol adherence: BSV aims to restore and preserve the original Bitcoin protocol as described in Satoshi Nakamoto's whitepaper. It seeks to maintain the original design decisions and parameters, such as larger block sizes, to enable on-chain scalability.
Long
by Goldenbreakout
COMP/USDT 1D: 75$ or more?! Hey guys COMP has broken its two-year downtrend line on the weekly time frame and started a strong bullish move accompanied by impressive trading volume. Currently, there are two resistance levels in front of it The $70 level is the ceiling of the trading range channel, and the $80-$100 range is a very important resistance level In the daily time frame, we see the breaking of the $50 level with strong candles There is a possibility that the price will return to the broken resistance or FVG or Breaker Block Please give your comments to improve my ideas Thank you
by Dealerify_HUNTER
2
PolkaDot Chart Analysis Polkadot Update Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. MIL:DOT The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8. However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
Short
by CryptoPatel
3
Bitcoin's Battle between Bulls and Bears#bitcoin Update: Currently Trading at $30,500 Bitcoin ( CRYPTOCAP:BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins. Key Levels to Watch: - Support Area: $29,800 - Resistance Area: $31,000-$31,200 - Range Bound: $29,800-$31,200 Stay tuned for more updates as Bitcoin's price action unfolds!
by CryptoPatel
3
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
COINBASE:BCHUSDShort
by RizeSenpai
Overview of accumulation breakout patternsWelcome to my new educational post As you can see in BCH/USDT chart, One weekly green candle is enough to overcome 1 year of bear/consolidation zone !! If you are surprised, let me tell you this is very normal behavior in crypto market as we saw this happened many times before Another example : DOGE / USD When to expect a coin to explode like that ? The accumulation pattern have many stages 1- After a period of bear market starts to deccelerate the price action becomes flat and usually take long time of horizontal accumulation between main supply and main demand (weeks / months / years ) 2- Multiple fakeouts can happen to make both buyers and sellers exhausted *The best buy (smart money) after the price reclaim the main demand after stoploss taken the second best buy after valid breakout (candle closing) The shorting is the vice-versa 3 - Finally the strong breakout take place and overcome many weeks / months or even years of bear / consolidation/ accumulation zone 4- After the coin make breakout many traders will avoid it in the early breakout but it will continue rise and rise ..and every time it rises more it becomes more risky Later it will turn to be crowded coin and many newcomers buy it at very high prices at this stage it becomes a gamble and MM will sell their profits on newbies Note : The distribution phase is the opposite of accumulation phase Note : not all coins can survive bear market, So the fundamental view has great role to support the coin I can tell you about potential coins in accumulation now which have chance to do similar thing : #FTT - #DYDX DO you know another potential coins in accumulation ? Tell me in comment section below ⬇️
Education
by Babenski
49
🔥 Bitcoin Cash Hedging Trade After Huge Bullish MoveBCH has been making crazy gains over the last two weeks. This happened mostly during a period of sideways price action of Bitcoin. Although the market is very bullish over the long-term, I think it's wise to protect against a sudden dump. I chose BCH because it has been severely outperforming the market recently, even hitting a daily RSI of 89 at some point. The argument is that BCH has to do some mean-reversion at some point. In addition, once the market starts dumping it can give back all its gains very quickly. My overall view on the market is still bullish, but building in some protection is never a bad idea.
Short
by FieryTrading
22
Bitcoin Cash BCH price what is happening, why is it growing?The goal from the previous BCHUSDT idea, which was drawn on the chart, has been achieved, that's why it is worth updating the picture and thoughts. By the way, in the same previous idea, we described a lot about Bicoin Cash and our memories associated with this project on the crypto market. So, in a little over a week, the price of BCH has grown by +130%, which is a super rapid growth that has not been seen since the end of 2018. We don't know what this rapid growth is due to, maybe you will share important information in the comments below the idea? In our opinion, before continuing the growth wave to t he next targets of $340 and $550 , the BCHUSD price should correct in the coming days. And the $150-160 zone is a "tasty area" for buying BCH, of course, if you believe that the project has been resurrected and has great prospects. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
27
Is BCH going to surge?In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15. - There are a few target price levels to watch: 196.30 210.65 222.10 - Looking at the smaller timeframe chart: BCH has the possibility of experiencing a short-term pullback, with support in the range of: 154.55~169.00.
by noah_chen
BCH: Rally UnleashedBitcoin Cash (BCH), a prominent member of the cryptocurrency market, has recently attracted significant attention, primarily due to its remarkable price rally. Currently trading at approximately $217.2, BCH has seen a substantial 14% surge over the past 24 hours. This volatility not only demonstrates the dynamic nature of cryptocurrency markets but also underlines the importance of careful analysis and consideration for both investors and traders. This article aims to delve deeper into the technical and fundamental factors contributing to BCH's current market situation and future potential. Technical Analysis: Indicators and Interpretation Starting with the technical analysis, it is essential to highlight the integral role of various indicators. When examining the BCH price chart, we utilize a wide range of tools that assist in understanding the prevailing market conditions and potential future directions. Relative Strength Index (RSI) The RSI, a tool used to measure the speed and change of price movements, currently stands at 64 for BCH. Typically, an RSI above 70 indicates overbought conditions, suggesting a possible price pullback. On the other hand, an RSI below 30 is a sign of oversold conditions, which could lead to a price increase. With BCH's RSI sitting at 64, it teeters towards the overbought territory but still maintains a safe distance. This suggests that there might still be room for upward price movement before a potential correction phase. Moving Average Convergence Divergence (MACD) Next, the MACD, another momentum oscillator, reveals a reading of 6 for BCH. When the MACD is positive, as it currently is for BCH, it suggests that the overall trend is bullish. The fact that the MACD line remains above the signal line further solidifies the bullish market sentiment surrounding BCH at the moment. Volume Oscillator In trading, volume is an often overlooked but crucial factor. The volume oscillator for BCH currently stands at -1%, which implies that the volume is relatively stable. Stability in volume, especially in a bullish trend, can be a positive sign as it shows the trend is not weakening and might sustain. Bollinger Bands Bollinger Bands are used to identify potential buy and sell signals for an asset. For BCH, the upper, middle, and lower Bollinger bands indicate $222.9, $200, and $178.8, respectively. Here, the upper band at $222.9 forms a significant resistance level that BCH touched once on June 24th. On the contrary, the lower band at $178.8 serves as a critical support level, acting as a safety net to prevent further price drops. The price action bouncing between these levels is something traders should observe closely. Fibonacci Levels Looking at different time frames, we notice the Fibonacci levels offering crucial insights. On a 4-hour chart, the zero level of Fibonacci is at $221.9, the half level at $163, and the first level at $104.8. The daily chart shows the 4.236 level of Fibonacci at $236. This divergence in levels across different time frames underscores the importance of multi-time frame analysis in trading. Fundamental Analysis: Recent Developments and Impact On the fundamental front, a primary driver of BCH's recent rally appears to be its listing on EDX Markets. Backed by heavyweights in traditional finance, such as Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDX Markets is a newly established cryptocurrency exchange that added BCH to its roster of tradeable assets. The listing announcement resulted in an immediate positive impact on BCH’s price. The exchange's broad customer base and its partners' established reputation in the finance sector increased BCH's visibility among potential investors. This, in turn, sparked an increase in trading volume and social media interest, which created a feedback loop that further drove up BCH's value. In essence, the listing announcement served as a catalyst for BCH's recent rally. However, while the price rally is indeed impressive, it's essential to view it in context. Although BCH is experiencing a resurgence, it is still 95% down from its all-time high price reached in December 2017, according to CoinMarketCap data. Moreover, despite being designed to serve as a payment network, BCH's blockchain traffic is significantly overshadowed by Bitcoin's transaction numbers. Future Perspectives: Market Dynamics and Investor Sentiment Looking ahead, a few factors could shape BCH's future trajectory. The first is the broader market trend. With Bitcoin (BTC) and several other major cryptocurrencies showing bullish signs, BCH may continue to ride this wave of market optimism. However, it's essential to stay cautious as cryptocurrencies are notorious for their volatility, and market trends can reverse quickly. Secondly, BCH's adoption for transactions will play a critical role in its long-term performance. As a Bitcoin fork, BCH aimed to improve upon Bitcoin by offering faster and cheaper transactions. While BCH's current transaction numbers don't match Bitcoin's, increased adoption of BCH for transactions could boost its long-term prospects. In conclusion, BCH's recent surge, sparked by its listing on EDX Markets and amplified by rising social media interest, paints an optimistic picture for the coin. However, BCH's long-term performance will hinge on a combination of factors, including broader market trends, its transaction adoption rate, and evolving investor sentiment. As such, while current indicators suggest a potential continued upward trajectory, investors should still employ robust risk management strategies. The crypto market's highly volatile nature means prices can change rapidly, and past performance is not indicative of future results.
Long
by ShawnMCR
17
Bitcoin CME Gap Chart Analysis: Two Significant Gaps to Watch#Bitcoin CME GAP Chart Analysis - Current BTC Price: $31,120 - Continuous green candles since June 15th Two unfilled CME gaps to watch: 1️⃣ First GAP: $35,180 Originated on May 9th, 2022 Price nearing this level Potential for upcoming gap fill 2️⃣ Second GAP: $20,330 Represents 35% drop from current level Unfilled, important to monitor While gap fillings aren't guaranteed, these levels hold significance. $35,180 gap may fill before $20,330. Placed Buy Bid: $30,330 Specific price for potential entry Stay informed for trading decisions. Not all gaps fill, but monitoring provides insights.
CME:BTC1!Long
by CryptoPatel
4