BITCOIN CASH - To finally gain back some ground v #BTCBCH has been a one way trade since those heady post fork in 2017
But at this point time
there is an argument to be made in having a punt
u got a fairly low defined risk --- where u must exit and call it a loss
but there is upside potential , that suggests the risk may indeed be worth it.
Higher low ,
excellent pull back into a fib reload zone
gotta Risk it for the biscuit!
BCH
BCHUSDT 1W Where to sell Bitcoin Cash if the growth startsToday, we want to focus your attention on the global and maximum chart of the BCHUSDT trading pair
In August 2017, it was "a very hot summer": the alt season was in full swing, and there was also a BTC fork, as a result of which Bitcoin holders received free BCH 1:1. The same manipulation took place after during the fork of Bitcoin Gold - another sad fork coin.
After the fork, the BCHUSDT price soared to $4200-4400 on various exchanges.
And then the success story of BCH disappeared.
At the time when BTC during 2019-2021 was able to increase in price 20 times, the price of BCH could not even rise to half of the ATH indicator.
On November 15, 2018, the Bitcoin Cash blockchain was split (hard fork) into two branches — BCHABC and BCHSV.
There is also a lot of controversial information surrounding one of the biggest supporters and the organizer of the BCH fork - Roger Ver
In a word, we bypass such projects and do not trade it.
Now, about the chart
The 13th week of red candles and an uncorrected fall in the BCH price continues.
There is not much left to the absolute price minimum, in the area of $75.
We cannot recommend the purchase of this asset. At the moment, there are many different interesting projects for investment
If a miracle happens on the market and the price of BCHUSD does turn upwards , then on the graph we have shown where it would be good to sell off your BCH.
Here, each individual has to look at his deposit where he bought BCH and where it is profitable for him to sell.
Levels from above for sales: $250, $350, $550. The most positive and still weakly realistic forecast for the growth of the Bitcoin Cash price is $900
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BCHG Looks Good For A Run To $50 At LeastBCHG has broken through all the resistance levels. Next one is around $24.50 and if it can get through that then I see a straight shot to $43 and then $55. At those levels I would expect a decent pullback perhaps up to 50% before its attempt to break the high. BCHG is much further along than LTCN in its run. LTCN still has a long ways to go to reach the level that BCHG is at. So upside on BCHG is limited in the short term perhaps another 100% vs LTCN could do a 1000% move to reach the same level as BCHG as far as nav value to price. Keep an eye on news and developements surrounding the space and specifically securities and SEC stuff. The Proof Of Work coins are about to make a comeback. I think Litecoin will far outperform Bitcoin Cash but Bitcoin Cash will have a decent run as well. Good luck out there my friends. Ill update this chart throughout the cycle. Please like and follow me and this idea so you can be notified when i update it. Thank you and please know that none of this is financial advice its just my opinion and observations. Good luck my friends.
Bitcoin Cash ($BCH) Completes its 2nd Halving ThursdayBitcoin Cash ( CRYPTOCAP:BCH ) experienced an increase of nearly 15% in its price after completing its second halving event on Thursday, which occurred approximately 16 days before Bitcoin's halving. As a result of this event, the miner reward has been reduced from 6.25 to 3.125 $BCH. Despite an initial drop before the event, the asset's price quickly rebounded and climbed nearly 15% on Thursday.
Bitcoin Cash ( CRYPTOCAP:BCH ), a fork of Bitcoin, was created in 2017. It completed its second halving event on Thursday, which saw the mining reward decrease from 6.25 BCH to 3.125 BCH. The peer-to-peer payment network's halving occurred 16 days before Bitcoin's halving, marking an important milestone for $BCH. The asset's open interest increased by approximately 25% in response to the halving event. On Thursday, Coinalyze reported a total open interest in CRYPTOCAP:BCH futures of $674 million, up from $506 million on Wednesday, prior to the halving.
The anticipation surrounding the event pushed BCH's price to a three-year high of $705 on Monday. However, the asset's price experienced a correction on Wednesday, dropping to $561.70 before recovering nearly 15% after the halving on Thursday. This swift recovery indicates that CRYPTOCAP:BCH remains relevant to market participants and that traders are continuing to demand it.
At the time of writing, CRYPTOCAP:BCH is trading at $638 on Binance. According to Coinglass, nearly $5.3 million in derivatives positions were liquidated in the past day, likely due to the sharp correction and subsequent recovery in BCH's price. Overall, Bitcoin Cash's second halving event was a significant milestone for the asset and has had a notable impact on its price and open interest.
BCH/USDT bullish reversal from key support? 👀 🚀BCH analysis💎 Paradisers, brace yourselves for a thrilling trading expedition with #BCHUSDT, currently anchored at a critical support area, signaling a potential shift in market dynamics.
💎 Its breakout from a downward trendline heralds a promising path ahead for #BITCOINCASH, igniting a bullish momentum poised for an upward journey. Should this vigor continue, we anticipate challenging the $535.7 resistance zone as our forthcoming milestone.
💎 Should the momentum of SET:BCH show signs of diminishing, we're set to observe a robust recovery attempt from the crucial support mark at $229. However, slipping past this vital line may denote the start of a more decisive bearish phase, emphasizing the need for vigilance in the evolving market landscape.
Celebrate the Success of Bitcoin Cash Post-Halving!I wanted to take a moment to share some exciting news with you - Bitcoin Cash (BCH) has been outperforming Bitcoin (BTC) since the recent halving event!
In the weeks following the halving, BCH has shown remarkable resilience and growth, surpassing BTC in terms of price appreciation and overall market performance. This is a clear indication of the strength and potential of BCH as a valuable investment opportunity.
As we continue to navigate the ever-changing landscape of the cryptocurrency market, I encourage you to consider diversifying your portfolio and investing in BCH over BTC. With its strong performance post-halving, BCH presents a promising opportunity for traders looking to maximize their returns and capitalize on the current market trends.
Don't miss out on the potential gains that BCH has to offer - seize the opportunity to invest in a cryptocurrency that is on the rise and poised for success. Join me in celebrating the success of BCH and take action today by adding BCH to your trading portfolio.
Let's ride the wave of BCH's success together and make the most of this exciting time in the cryptocurrency market. Happy trading!
#BCHIn time D1, after a three-wave correction and by making a rectangular pattern and exiting the density of the trading range, the next targets indicated in the chart will be available if it stabilizes above $250. Therefore, to continue the upward trend, it must penetrate above $250, otherwise the break will occur from below and will touch the range of $187 to $200.
Bitcoin Cash (BCH) Price Soars Ahead of HalvingBitcoin Cash ( CRYPTOCAP:BCH ) has been on a meteoric rise, surging 7.54% in the last 24 hours and 43% over the past week to reach $586. As the crypto market stages a recovery led by Bitcoin, BCH's rally has been even more pronounced, fueled by anticipation surrounding its upcoming halving on April 3.
The imminent halving event, which will see CRYPTOCAP:BCH block rewards reduced from 6.25 to 3.125 per block, has sparked investor enthusiasm and contributed to BCH's bullish momentum. Analysts predict that this reduction in supply could potentially drive prices even higher, with some suggesting the potential for 10X gains in the near future.
The recent surge in CRYPTOCAP:BCH price has been characterized by multiple waves of growth, breaking through major resistance levels and signaling a bullish trend. Relative Strength Index (RSI) further supports this bullish outlook.
Despite facing resistance levels at $650, $700, and $750, CRYPTOCAP:BCH has already reached a two-year high, with its current price levels not seen since November 2021. Whether CRYPTOCAP:BCH can sustain its upward trajectory or encounter a pullback in the short term remains uncertain, contingent on traders' behavior in the coming hours.
With BCH's halving just days away and market sentiment turning increasingly positive, investors are closely watching for further price surges and potential entry points. As the crypto sector continues to evolve, BCH's performance in the coming days could offer valuable insights into the broader market trends and the future of digital assets.
BCH: Resistance BreakoutTrade setup : Bullish break above $500 resistance signals continuation of uptrend, with +20% potential upside to $600 next. The $500 level was where price got rejected in early March, hence, that’s a key level. Stop Loss (SL) level at $460.
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 $400, then $300. The nearest Resistance Zone is $500, which it broke, then $600.
BCHUSD Strong rally but needs to break this historic ResistanceBitcoin Cash (BCHUSD) is posting a very aggressive 2-week rally but short-term buyers should get too comfortable as it is approaching a landmark Resistance. That is the Lower Highs trend-line that started on the December 2017 All Time High (ATH). The previous Bull Cycle got rejected on that trend-line, guided by a Channel Up, below the 0.786 Fibonacci retracement level.
As a result, we can only issue a buy signal above that trend-line, until then we will be looking for a buy entry close to the 1W MA50 (blue trend-line). In both cases (break-out and pull-back buy) our Target will be 1625 (Resistance 1 and previous Cycle's High).
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Bitcoin Cash Surges in March, Eyes $750 But Faces ResistanceBitcoin Cash (BCH) has been on a tear this month, rallying from $231 in February to currently trading at $542. This impressive surge of over 130% has positioned BCH at a critical juncture.
The current resistance point for BCH sits at $542 . If bulls can muster the strength to push through this barrier, analysts predict a potential surge towards $750 or even $815.
However, a failure to breach the $542 resistance could trigger a pullback, potentially bringing BCH back down to the $400 support level . This scenario would indicate a short-term correction before another attempt to break through the resistance.
Bitcoin Cash (BCH) PUMPRecently, Bitcoin Cash has been pumping so strongly that everyone is puzzled why. Technical-wise, not important why. The important thing is the pattern or patterns that happened before the pump. There is a pattern that occurs not very often, but when do, a strong wave can follow after that. It's called a double triangle pattern; as in the case of BCH, we can see this pattern. As said before, this pattern does not happen very often, but when do, it's lucrative to catch it.
If you see any crypto or token that might be forming this pattern, please share the name or your analysis here. For start, it seems Fantom (FTM) is forming its second triangle pattern; Check out its analysis. So, keep an eye on it.
Coinbase Sets to Launch Futures Contracts for Bitcoin Cash Coinbase, the largest American crypto exchange, is poised to launch futures trading contracts for Dogecoin ( CRYPTOCAP:DOGE ), Litecoin ( CRYPTOCAP:LTC ), and Bitcoin Cash ( CRYPTOCAP:BCH ) on April 1st, 2024. This bold step by Coinbase Derivatives marks a significant expansion of offerings, opening new avenues for traders and investors alike.
The decision to introduce futures contracts for these three cryptocurrencies underscores their growing prominence within the crypto space. Despite Dogecoin's humble origins as a meme coin, its meteoric rise in market capitalization has propelled it into the upper echelons of the crypto world. Similarly, Litecoin and Bitcoin Cash, both stemming from Bitcoin's lineage, have garnered substantial attention and adoption, making them prime candidates for futures trading.
Coinbase's move to list futures contracts for CRYPTOCAP:DOGE , CRYPTOCAP:LTC , and CRYPTOCAP:BCH represents a strategic maneuver to tap into the burgeoning demand for diverse investment instruments in the crypto market. By leveraging the self-certification approach under CFTC Regulation 40.2(a), Coinbase can swiftly introduce these products while ensuring compliance with regulatory requirements.
The introduction of futures trading for these cryptocurrencies not only provides investors with additional avenues for portfolio diversification but also underscores the maturation of the crypto market. As cryptocurrencies continue to gain mainstream acceptance, traditional financial institutions are increasingly recognizing their potential as viable investment assets.
Coinbase's bold move signals a growing convergence between traditional finance and the crypto sphere. As cryptocurrencies continue to redefine the financial landscape, innovative initiatives like futures trading for CRYPTOCAP:DOGE , CRYPTOCAP:LTC , and CRYPTOCAP:BCH pave the way for broader adoption and acceptance.
In conclusion, Coinbase's decision to launch futures trading contracts for Dogecoin, Litecoin, and Bitcoin Cash heralds a new era of possibilities for the cryptocurrency market. As these digital assets gain traction and legitimacy, investors stand to benefit from increased accessibility and diversity in trading options. While regulatory challenges persist, Coinbase's initiative underscores the transformative potential of cryptocurrencies in reshaping the future of finance.
Cryptolean Bitcoin Cash BCH UpdateBitcoin Cash is moving strongly bullish and trying to break through the key resistance zone of $471-$488.
A bullish break-out and a daily candle closure above $488 will lead to re-test of $528 and a strong bullish move towards $600.
An inability to sustain the price action above $471-$488 will lead to a dip to $435.
BCH: Bullish PennantTrade setup : Bullish breakout from a Bullish Pennant pattern, in the direction of the existing Uptrend. Price could revisit $500 for +10% upside potential or higher. Stop Loss (SL) level at $415.
Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
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 > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $300. The nearest Resistance Zone is $500, then $650.
Bitcoin Cash Halving 2024: A Golden Opportunity for Investors?Bitcoin Cash ( SET:BCH ) enthusiasts and investors are eagerly eyeing the upcoming halving event scheduled for April 4, 2024. With just a few weeks left until this critical network event, the cryptocurrency community is abuzz with speculation about its potential impact on BCH's price trajectory. As miners prepare for reduced block rewards, questions arise about whether Bitcoin Cash's halving presents a lucrative buying opportunity for investors.
Understanding Bitcoin Cash Halving:
Bitcoin Cash ( SET:BCH ) operates on a four-year or 200,000-block halving cycle, a mechanism designed to control inflation and ensure the scarcity of the cryptocurrency. The upcoming halving will see the block reward slashed from 6.25 BCH to 3.13 BCH, compelling miners to reassess their strategies in light of reduced profitability.
Miner Sell-Off and Market Dynamics:
In anticipation of the halving, miners have engaged in a significant selling spree, offloading approximately 2.51 million SET:BCH worth around $1.1 billion. This trend, driven by the desire to capitalize on high prices before rewards diminish, has led to a decrease in miner reserves. However, historical data suggests that such sell-offs tend to reverse post-halving, with miners accumulating reserves once again.
Impact on Mining Difficulty and Revenue:
As unprofitable miners exit the network due to reduced rewards, mining difficulty is expected to decrease, potentially enhancing revenue for remaining participants. This phenomenon was observed during the 2020 halving, where a decrease in mining difficulty coincided with significant price gains for Bitcoin Cash.
Analyzing Price Trends:
Bitcoin Cash's price has experienced a notable dip of around 20% in the lead-up to the halving, mirroring patterns observed before previous halving events. However, past performance indicates that such downturns often precede bullish cycles post-halving. With SET:BCH currently trading around $464 as at the time of writing, investors may view this correction as an opportune moment to enter the market.
Long-Term Holder Sentiment:
On-chain data suggests that long-term holders are positioning themselves for a bullish post-halving cycle, indicating confidence in Bitcoin Cash's future prospects. This sentiment aligns with historical precedents, where halving events have often catalyzed significant price appreciation for cryptocurrencies.
#BCH/USDT LONG#BCH
We have a strong ascending symmetrical triangle and inside it another ascending triangle that has been positively broken upwards.
Currently the upper boundary of the triangle has been broken.
Expected growth of the pair with correction before completing the ascent
Price Now 248.50
First Goal 278.40
Second Goal 325.90
We have oversold on MACD.
And a strong upward trend