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BCH

BCH/USD Secondary trend. Wedge. Area 96 ArtemisThe graph is logarithmic.Time frame is 3 days. Secondary trend. The wedge is in the final phase of its formation. The price is in its band near the support area of 96. Local double bottom 72% may be formed inside the wedge. Its confirmation and embodiment will bring the price closer to the wedge resistance breakthrough (red line). The price is near the area of historical lows of $77. The price is now $115 Percentage from the key local zones shown on the chart. Remember, the price is now within the wedge band. Coin in coinmarketcap : Bitcoin Cash Line chart. Local trend . Double Bottom Zone. Main trend was shown earlier in this trading idea. BCH/USD Main trend. Breakdown of the channel. The important zone Main Trend. Linear chart.
COINBASE:BCHUSD
by SpartaBTC
63
Bitcoin Cash Spiked: A Surge in Mining Power & Market DynamicsBitcoin Cash ( CRYPTOCAP:BCH ) has witnessed a remarkable surge in value and mining power, signaling a resurgence in interest and confidence within the cryptocurrency community. Despite originating from the same roots as Bitcoin (BTC), BCH has carved its own path, fueled by debates over block size and scalability. Let's delve into the recent developments surrounding Bitcoin Cash, exploring its market dynamics, mining trends, and potential for future growth. Unprecedented Growth and Market Dynamics: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge, with a staggering 58% increase in value on March 2nd, underscores its resilience and potential for growth. Despite BCH's market capitalization standing at $9.40 billion, significantly lower than Bitcoin's towering $1.20 trillion, the cryptocurrency has exhibited robust momentum, boasting a 78.5% surge in weekly performance. Trading at $479, CRYPTOCAP:BCH is challenging multi-year resistance levels, potentially paving the way for a substantial price spike. Shift in Mining Preferences: One of the most notable developments is the surge in Bitcoin Cash's mining power, with an average hashrate jump of 102.5% to 8.01 EH/s as of March 3rd. This surge in mining activity echoes the network's resilience and attractiveness to miners, indicative of its robust security and engagement levels. Unlike Bitcoin's speculative interest, Bitcoin Cash is positioning itself as an efficient medium of exchange, emphasizing scalability and practical utility. Community Initiatives and Future Prospects: The Bitcoin Cash ( CRYPTOCAP:BCH ) community is actively championing the cryptocurrency as a global electronic cash system, aligning with evolving market trends. Developers are venturing into decentralized finance (DeFi) and Web3 initiatives, introducing CashTokens to enhance BCH's practical use cases and adoption. With a focus on scalability and utility, Bitcoin Cash ( CRYPTOCAP:BCH ) aims to establish itself as a viable alternative to traditional payment systems, fostering widespread adoption and mainstream acceptance. Conclusion: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge and resurgence in mining power underscore its resilience and potential for growth in the ever-evolving cryptocurrency landscape. As BCH continues to differentiate itself from Bitcoin and carve its own path, its emphasis on scalability and practical utility positions it as a formidable player in the digital currency ecosystem. With community-driven initiatives and a focus on enhancing adoption, Bitcoin Cash is poised to expand its influence and establish itself as a leading contender in the global electronic cash revolution.
BINANCE:BCHUSD.P
by DEXWireNews
1
Long Bitcoin @ 50k (wait for *gentle* pullback) Now thru April (possibly May!) my price targets are red. Blue dashes paint the long term trend. We're priced in for 10 years right now. That's going to create volatility between 60k and 45k in the near term. Long term, I expect a pullback to $3900. We've had momentum support (broadening rays) without horizontal support since the first market. Pretty common for highly hyped assets. DCA along that blue dash highway if you're in it for the long run. I would like to see the crypto 'currency' Bit'coin' behaving more like a currency, but for now it's fun to speculate and keep this goose laying golden eggs. Just be mindful of the fact that you still can't buy a latte with Satoshi's yet in any major retailer. There is no intrinsic value here. Opportunity cost here is 'all other investment asset classes are massively overvalued'. Food for thought: we're getting close to the market cap of Bitcoin touching Apple stock. Opportunity cost at that point is a simple question, would you rather buy 'shares' of Apple (a company with a significant book value and assets that bring in future economic value --at least until their EPS falls) or Bitcoin (a life boat currently accepting guests from the USD but without any intrinsic value -- given the failure to offer value for value as in basic contract law it's likely to become another Volatility meter rather than a functioning currency.
BITSTAMP:BTCUSDLong
by SLOPolarBear
1
Bitcoin Cash Surges 40% Ahead of Halving & Jessica Upgrade!In a surprising turn of event, Bitcoin Cash ( CRYPTOCAP:BCH ) soared 40%, driven by anticipation for its halving event and the implementation of an adaptive block size limit algorithm, signaling strong investor confidence and a bullish outlook for the cryptocurrency. Significant Price Rally as Halving Approaches Over the week, Bitcoin Cash ( CRYPTOCAP:BCH ) witnessed an impressive surge, surging over 40% to peak at $451. This rally brought its monthly gain to 88%, far outstripping Bitcoin’s ( CRYPTOCAP:BTC ) growth over the same period. Currently, with a market capitalization of $8.71 billion, CRYPTOCAP:BCH is trading around $444, having briefly touched $451. The anticipation surrounding its upcoming halving event, scheduled for around April 1, 2024, and the expected network upgrade in May, has fueled this rapid price increase. Post-halving, the reward for BCH miners will be halved from 6.25 BCH to 3.125 BCH, a change eagerly awaited by the market. Anticipated Network Upgrades Spark Interest The Bitcoin Cash ( CRYPTOCAP:BCH ) community is particularly excited about the annual May fork, which aims to implement an adaptive block size limit algorithm. This significant upgrade is designed to address an economic vulnerability that led to the BCH/BTC network split in 2017. According to BCH developer Jason Dreyzehner, the algorithm will adjust the block size limit based on network usage, potentially doubling the maximum block size annually at peak growth. This adaptive approach seeks to balance infrastructure costs with network capacity, ensuring Bitcoin Cash can scale effectively to meet demand. Market Reaction and Trading Volume Insights Following this surge, Bitcoin Cash ( CRYPTOCAP:BCH ) now ranks 11th in trading volume among over 10,000 cryptocurrencies. Tether ( CRYPTOCAP:USDT ) is the most traded pair with CRYPTOCAP:BCH , accounting for more than 53% of transactions. Notably, in South Korea, CRYPTOCAP:BCH trades at a premium, averaging $467.75 compared to the global average of $444. This premium highlights the strong demand and positive sentiment towards BCH in specific markets, further emphasizing its global appeal and the widespread anticipation of its forthcoming technical advancements. The Road to the Jessica Upgrade As the community eagerly awaits the CRYPTOCAP:BCH Jessica upgrade, excitement continues to build over the adaptive block size limit algorithm. This innovation is seen as a pivotal moment for Bitcoin Cash ( CRYPTOCAP:BCH ), potentially resolving longstanding debates over network throughput and scalability. The previous Cashtokens upgrade in May 2023, which introduced smart contracts and on-chain tokenization, set the stage for this next phase of development, underscoring the CRYPTOCAP:BCH community’s commitment to continuous improvement and innovation. Conclusion The remarkable 40% surge in Bitcoin Cash’s value highlights the cryptocurrency’s strong market position and the optimistic outlook from investors and developers alike. With the halving event and the adaptive block size limit upgrade on the horizon, CRYPTOCAP:BCH is set for significant changes that could redefine its utility and scalability.
BINANCE:BCHUSD.PLong
by DEXWireNews
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
#QIUSDT (Watchlist) 2-2024QIUSDT Category: Utility token for the BENQI decentralized lending protocol What it does: Fuels borrowing, lending, and governance on the BENQI platform. Current Price: ~$0.016 USD (as of February 9, 2024) Market Cap: ~$15 million Key Features: Earn interest by lending crypto assets on BENQI. Borrow crypto assets at competitive rates. Participate in voting on proposals to shape the future of BENQI. Recent News: BENQI launches new stablecoin lending pools. Integration with other DeFi platforms to expand reach. The price fluctuates with broader crypto market sentiment Add to your watchlist When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. PS: We refrain from trading any coin if the main idea of the project is associated with, lending gambling, prostitution, human trafficking, etc. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
Long Bitcoin Cash (BCH) to $310Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range. We do have some resistance to get through. 237 is a level of resistance along with the 100 day SMA just above that. But if those can be defeated, we're well on our way. Target #1 - 254 Target #2 - 270 Target #3 - 288 Final Target - 311 I plan to take 25 percent off at the first target and raise my SL to break even. Thereafter, every target reached will be another quarter off of my full position and a raised SL to the preceding level. Risk/Reward on this is a healthy 5/1 with my stop out placed at 222. Best, Stew
COINBASE:BCHUSDLong
by stewdamus
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
BCH Feb 13th long-term updateAnother week and another free sharing from the TTR most recent #cryptocoin pick update: Bitcoin Cash is another quite undervalued token. The breakout level sits at 329.50 followed by a main breakout zone resistance at $400-410 I don’t own much of this coin, only 20, but I see great potential here if 1450 is broken to the upside. A test of the 1400-1450 zone will be a big one as it will set a W multi-year pattern and potentially can breakout hard with an upside target of 3225 and ideally above 4.5k I like the potential here, but I won’t be long if 1450 is not broken to the upside by sometime this year, especially if BTC will be above 90k There is a clear 4-5x potential here, and I’m fine with holding this token till the 1400 zone exit at minimum.
COINBASE:BCHUSDLong
by TheTradersRoom
11
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
Breakout & Re-test of ~5.5 year Falling WedgeBitcoin Cash was in a falling wedge for nearly five and a half years before it broke out of it back in June of 2023. Presently, it is re-testing the top of a dashed-line wedge drawn from wick to wick and has failed to reach the top of the solid wedge drawn from the line chart. Holding above the wedge could lead to an approx 5.25x move against Bitcoin from its current position at 0.0057 to TP 1 at 0.030 and an 11.75x move should it reach TP 2 at 0.067. It's possible we could see a double-bottom with a slightly higher low around 0.0041 or 0.0040 if it re-tests the solid wedge's top over the next weeks or into March or June, before moving up towards targets. Should a wedge re-test and double-bottom occur first, the possibility for already major gains vs. Bitcoin increases to 7.3-7.5x at TP 1 or 16.34-16.75x at TP 2.
Long
by dudebruhwhoa
2
BCH: Pullback in UptrendBitcoin Cash (BCH) technical analysis: Trade setup : Price is in an uptrend. Following a bullish breakout from Sideways Channel ($218 – $260), above $260 resistance, price rallied 20% to $300, then pulled back to retest that breakout level. Now we wait for price to either 1) break back above $260 to signal continuation of uptrend, with +27% upside potential to $330, or 2) pull back near $200-220 support zone for another swing trade entry in Uptrend with +20% upside potential back to $260. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $260, then $330.
Long
by altFINS
BCH: Sideways Channel BreakoutTrade setup : Bullish breakout from Sideways Channel ($218 - $260), above $260 resistance, signals resumption of uptrend, with upside to $330 next. Stop Loss (SL) at $250 (just below breakout level). Pattern : Price was 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 : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 - $150. The nearest Resistance Zone is $260, which it broke, then $330.
Long
by altFINS