BCH ANALYSIS (1D)According to the BCH chart, it looks like a flat pattern has ended with a terminal c.
Another bullish wave should emerge. The price targets are clear on the image.
Fixing a daily candle below the green range will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BCH
BCH: Sideways ChannelTrade setup : Trends are mixed and price is trading in a Sideways Channel ($218 - $260). Swing Traders can trade the range – Enter near Support ($218) and Exit near Resistance ($260). Trend Traders ought to wait for a breakout in either direction. If it’s able to break above $260 resistance, it could resume its uptrend and revisit $330 level from July.
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 : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
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.
BCH: Pullback in UptrendTrade setup : Price remains in an Uptrend. Pullback to 200-day moving average (~$217) minor support area could be an attractive swing trade entry in Uptrend, with upside potential back to $260. Stop loss at $195. Price has been rejected near $260 resistance zone several times in the last three months, making this a critical level. If it’s able to break above $260 resistance, it could resume its uptrend and revisit $330 level from July.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 - $150. The nearest Resistance Zone is $260, then $330.
BCH: Approaching ResistanceTrade setup : Price remains in an Uptrend, trading above 200-day moving average. However, it’s been rejected near $250 resistance zone several times in Oct and Nov. If it’s able to break above $250 resistance, it could resume its uptrend and revisit $330 level from July.
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 $250, then $330.
BCH: Approaching ResistanceBitcoin Cash (BCH) technical analysis:
Trade setup : Price remains in an Uptrend, trading above 200-day moving average. However, it’s been rejected near $250 resistance zone several times in Oct and Nov. If it’s able to break above $250 resistance, it could resume its uptrend and revisit $330 level from July.
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 $250, then $330.
Potential Surge to $305Bitcoin Cash is showing signs of an upward movement as it follows an uptrend line, hinting at a possible increase in its value shortly. For traders, it's wise to monitor the situation and wait for a daily candlestick to close above this uptrend line before making any trading decisions.
If this occurs, BCH could potentially target the key resistance area near $305.
This analysis is for informational purposes only and should not be considered as financial advice.
BCH is ready for a jumpThe strength of the bearers has been taken and the downtrend has weakened
A triggerline has been established and we have also had a bullish CH and orders have been received from the DEMAND zone.
Price is ready to move towards TP.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BCH/USDT Broke Out of a Descending Channel | 🚀👀 What's Next?💎 Paradisers, get ready for a promising trading opportunity with BCHUSDT. The asset is currently making significant moves in the demand zone, suggesting a potential shift towards an upward trend.
💎 BitcoinCash has been diligently following a descending channel. Its recent breakout from this channel suggests an upward move towards a resistance level, likely to be followed by a rapid pullback, aligning with its usual market pattern.
💎 There's a strong chance of a bullish trend starting from the support level at around $235. Having effectively broken out of the descending channel, BCH is now targeting resistance levels near $305.
💎 Timely decision-making is key for astute Paradisers. Pinpointing the most advantageous entry points during this upward trend is crucial, and it's wise to exercise caution to avoid entering at the height of the trend.
💎 Remain vigilant, as there is also a risk of BCH falling below the support level of $212. A decline below this important threshold could cast doubt on the sustainability of the upward trend.
BCH: Rising Wedge BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250.
Pattern : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
BCH: Rising Wedge BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250.
Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since 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 $250, then $330.
BCHUSDT Forms Prominent Triangle on Daily ChartCurrently Bitcoin Cash KRAKEN:BCHUSDT market is undergoing consolidation near the crucial support line of the triangle, setting the stage for potential movement in the coming days.
💜 If you appreciate our charts, support us with boost button 💜
Technical Insights:
Pattern Formation: The development of a large triangle formation suggests a period of indecision and potential market coiling.
Support Consolidation: The present consolidation near the support line within the triangle signifies a critical juncture for market participants.
Anticipated Rebound: The upcoming days could unveil a noteworthy rebound to the upside, fueled by the dynamics of the triangle pattern.
Key Levels Within the Triangle:
Support Zone: The support line within the triangle is prominently situated at $222, acting as a crucial level for market stability.
Resistance Zone: Positioned at $247, the resistance within the triangle marks a pivotal barrier that the market must contend with.
Strategic Considerations:
Observing the Triangle: Keep a vigilant eye on the ongoing consolidation within the triangle as it often precedes significant price movements.
Reversal Potential: The bounce from the support line presents an opportunity for a bullish reversal, with the $247 resistance level serving as a target.
Stay tuned for potential breakout or breakdown scenarios. The $222 support and $247 resistance levels will likely play pivotal roles in determining the next phase of Bitcoin Cash's price action.
Happy trading!
BCH/BTC - Bitcoin Cash: Elliott Wave 12345◳◱ On the $BCH/ CRYPTOCAP:BTC chart, the Elliott Wave 12345 pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00647 | 0.00678 | 0.00728 and support near 0.00597 | 0.00578 | 0.00528. Entering trades at 0.00604 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 21
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00604 ₿
▣ 24HVol: 45.006 ₿
▣ 24H Chng: -2.423%
▣ 7-Days Chng: -7.33%
▣ 1-Month Chng: -15.82%
▣ 3-Months Chng: 13.61%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00647 | 0.00678 | 0.00728
◢ Support: 0.00597 | 0.00578 | 0.00528
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -2.16
▣ Last 90D: 1.46
▣ Last 1-Y: 1.26
▣ Last 3-Y: 0.45
◲◰ Volatility :
▣ Last 30D: 0.42
▣ Last 90D: 0.63
▣ Last 1-Y: 0.78
▣ Last 3-Y: 1.05
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.90 - V. Bullish
▣ In-depth BCHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
BCH Trading Forecast: Bullish Momentum at $155 Level📈 Trading Forecast: Bullish Outlook for BCH as Long Position Opportunity Emerges at $155 🚀
Based on my comprehensive mathematical analysis and the formation of a bullish cup pattern on the weekly chart, I have identified a prime opportunity to open a long position on BCH (Bitcoin Cash) at the $155 level. This level aligns with key support and shows strong potential for an upward price movement.
📊 Technical indicators support this analysis, indicating positive momentum and increasing buying pressure. The cup pattern suggests a bullish trend reversal, with the potential for significant gains in the near future.
💰 With this valuable insight, traders can strategically position themselves to capitalize on potential profits. However, it's essential to monitor price action closely and implement proper risk management strategies.
🔎 Stay tuned for further updates and analysis as we closely track the market's movements. Happy trading and remember to always conduct your own research before making any investment decisions!
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Trade at your own risk."
↪️Follow and see for yourself
BCH - Still Strong ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BCH has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, BCH is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a demand zone in blue.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BCH approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin - Take Advantage of the Exit Pump, While You Still CanThe pattern on Bitcoin is really similar to Ethereum, which I outline in a recent call:
Ethereum - A Sucker's Rally Before The Bitter Winter
The difference between Bitcoin and Ethereum is ETH has more than 50% upside available to hit its similarly-placed goalposts, while BTC is just another ~30%.
Fundamentally, the problem for crypto bulls is that the 2021 bull run formed a Bump and Run Reversal (BARR) on CME Futures.
The inner meaning of a BARR is that its the eternal top, and once the lows are taken, the trend is over.
This is especially crucial to understand when a BARR manifests on regulated futures, because these futures are uniquely cash settled and do not require anyone to post spot as collateral to short, there are ETFs linked to CME price, miners are hedging their on-chain wallets with this product, and the day-to-day survival of crypto relies on the SEC/FBI/DOJ delaying the annihilation of iFinex/Bitfinex/Tether.
Once the trend is over, getting a rip to sell into is really a blessing, because what comes after is some gapping and then the landslide doom pattern that delisted coins and garbage penny stocks follow for a long time afterwards.
We're at the prelude to crypto entering the no-bounce territory, because they need to be eliminated for Central Bank Digital Currencies (CBDC).
Governments need to issue their own coins on centralized blockchains in order to install worldwide the Chinese Communist Party's Zero-COVID social credit system, because they just love the CCP's things so much it amounts to a fetish.
And the problem for humanity is that these digital currencies do very little that is positive, while consuming an unbelievable amount of physical technical resources to make the chips and even more resources to produce the power that's needed to win the mining lottery.
SHA256 mining is a total joke because more miners being added to the network don't increase transactional throughput at all, or really even "security." It's just a life-or-death requirement for miners to keep up with the difficulty boosts to win the block reward lottery to keep putting these things online.
And in China, where everything is corrupt because of Xi Jinping's CCP, flooding villages and cities to manipulate the supply of hydro to sell to mining outlets has been a common practice of the regime's officials for years.
Even the Mekong has been impacted gravely by the rogue CCP's gluttony for electricity to fuel the crypto mining operations run and cut by the regime's cronies.
Much of digital currency has been co-opted by the CCP via its United Front Work Department operations, and much is done through the Triad mafia itself.
Just about everything in crypto and everyone who's anyone in crypto operate on Wechat, the CCP's erstwhile implementation of surveillance and social credit.
This is important because the 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million practitioners looms like The Reaper over Xi and the Party.
Disaster and plague can take the regime down literally any day.
At the same time, Xi can save himself by overthrowing the Party in a coup, Gorbachev style, literally any day.
So the risks are huge.
But right now, if you want to play this table at the international casino, then the trade is long, not short, with a target over the May of '22 pivots at $48,000 and an expectation that $50,000 will either not be touched, or will be wicked through to sweep stops that both close shorts and open longs.
You have a clear breakout on Monthly and Weekly bars, with no retrace on lower bars, and this is why short = dead, until price reaches its upside target. Frankly, a brief interlude back to $34,000 would be quite the gift to go long on and mitigate underwater shorts with.
You cannot short $48,000 unless a reversal pattern appears, because the trend is strong for the first time in more than a year.
Digital currencies are something for you to have absolutely no faith in. You need to stay away from everything related to this. A huge amount of killing, human trafficking, and corruption operates via that community and its various blockchains, and the sins are both boundless and eternal.
The sins are so huge that mankind's justice system, even in the future, will not be able to settle the blocks that update the real ledger in this Cosmos.
Ethereum - A Sucker's Rally Before The Bitter WinterWhoever is shorting crypto right now probably has a death wish. And this isn't because there's going to be some new paradigm replacement of the USD or because institutions finally see the value of digital currency BECAUSE BLACKROCK ETF.
It's because Bitcoin, Ethereum, and all the other chains are going to zero, because they're in the way of the advent of Central Bank Digital Currencies, which are needed to underpin the worldwide roll out of the Chinese Communist Party's social credit system.
You shouldn't have faith in digital currency. There's nothing decentralized about them. It's not a free market. They're not saving you from anything.
The people who like them like them because they're getting Monero payments on the sly for being part of Palestine (Hamas)/Antifa/BLM events, which they can use to buy all sorts of horrific stuff on the Dark Web.
These "assets" are heavily concentrated in the hands of players either squatting in Shanghai (Babylon) with the CCP, or with entities who have stained their hands earning "the Mark" for "the Plan."
The problem for the CCP and Xi Jinping is that the 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million practitioners looms over their head like a guillotine about to drop.
And so everything related to these digital currency things and people are things you want to practice social distancing from, wash your hands of, and inoculate yourself against by formally filing a statement of withdrawal on the Tuidang website.
Whoever doesn't have the guts, can't see it, or doesn't want to is gone with the wind.
So, here's the trade.
The Eth rally is obviously real, and it's obviously an exit pump at the same time. This means the target is painfully higher. Not to raid a monthly bar and then turn around and dump.
This means that shorts are trapped, more shorts are trapped.
A problem is that market psychology is not what you think it is. People love to buy when stuff is expensive and they love to sell when stuff is cheap. Because emotion is what drives everything, and it's why every U.S. election is lynch pinned around the words "fear" and "hate."
Price going up means a lot of big on-chain wallets get sold off at very high prices. Not only because shorts are force liquidated/force covered, but because people come piling in to buy with the number $5,000 in their eyes.
Eth monthly shows us that the dump was too deep and took too long to rally to be some sort of a prelude to a new high.
But because this rally shows no signs of retracing anywhere on futures or BTC, we can only assume that the target is the most obvious and painful target, which is the $3,600 pivot level set in 2022.
The problem for proponents of $4,000 is that despite these rallies and this supposedly bullish news about ETFs, there's no contango in futures at the moment.
And so this means that the CME Futures pattern will constrain the exchange spot prices, which we see in the charts
This means $3,600-$3,800 is the likely top.
And what's going to kill the rally?
It's really simple. A raid by the FBI/DOJ/SEC on Tether/iFinex/Bitfinex will do it and end it all forever.
What happened with online poker in the late 2000s when this happened to Full Tilt and Pokerstars?
One day everyone woke up to find their websites, where all their money was held, had been shut down with a takedown notice.
Everyone lost their money and it took many years for it to be paid back by the companies that bought FTP/Stars, the industry never recovered, and now you never even so much as hear about poker.
And that's what is going to happen to crypto. In the future, it will be gone.
And so will the 9th Communist International's CBDCs.
BCH BEAUTIFUL TREND! SO SEXY.Sometimes you just have to stop everything you're doing and admire a nice trendline. These market makers are having fun.
When will the trend break? Let me know in the comments below.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
BCHUSD Double fibonacciPrevious fibonacci hit 1.272 target at channel up resistance, and continue to perform another fibonacci pattern inside channel up pattern.
Right now BCHUSD at channel up support around 0.618.
Target bullish from this position at $280 (fibonacci 1.272) and maximum target at $293 (Fibonacci 1.618) or at channel up resistance.
If you have any question, do not hesitate to contact me
Your support at this analysis will also support BCHUSD to reach bullish target
Click here to check my other analysis