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#BCH/USDT 4Hr UPDATE Hello, welcome to this BCH/USDT 4Hr chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower. Following a low of $103.09 on Tuesday, BCH/USD surged to an intraday peak of $109.09 earlier in today’s session. The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00. As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00. The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own. Currently, the index is tracking at 46.52, which is above the aforementioned ceiling of 45.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
Bitcoin Cash - Red Alert!I posted a chart on Bitcoin Cash a few days ago, you can check it on my profile and follow me for further updates. Here I present the line chart with a bull pennant type structure on RSI (Relevant Strength Index) and a symmetrical triangle on the candlestick chart. Most people would have this triangular shape down as an inverse bullish pennant, signalling a continuation to the downside, however, I see a symmetrical triangle and these structures can be both bearish and bullish. Because of the RSI showing a bullish pennant, my thoughts are that RSI will go up, which in turn would mean price goes up. You can see XRP already leading the way in the altcoin market and generally XRP leads the altcoin market into a bull run. There is also a good chance Bitcoin has topped in this cycle, so it wouldn't suprise me to see some of the funds in bitcoin swap back over to bitcoin cash, which has not completed a full cycle yet.
Long
by missedamillion
Bitcoin Cash / BCH - A Dark Horse During Crypto MeltdownAfter that whole BCH Satoshi's Vision debacle, there is no longer any primordial Bitcoin remaining. BCH was once something to put some stock in, as it really did embody the original meaning of "Peer-to-Peer Electronic Cash" as defined in the original whitepaper. But like all things in this chaotic world, it was ruined and undermined. Fundamentally, the problem is people's hearts and people's morality. Nobody made the entire community go along with ghosts. People chose to do that, rather than uphold what is righteous, because inside, they aren't good, and they align with evil. The same can be said for the recent commencement of censorship on the Ethereum protocol. You all want to be a part of globalism, aka communism, and so one will have to eat the bitter fruit they sow for themselves come harvest. You shouldn't have faith in digital currencies, because they're all set to be eliminated. Whether mankind returns to tradition in this life and real money returns or not, the reality is, central bank digital currencies are on their way, and they won't be built using BTC or Ethereum. They will be proprietary, government-controlled networks, just like SWIFT. Regardless, BCH trades like wet paper towel, because after being gutted, it's just another trashcoin. Except it's a trashcoin that never pump and dumps. It's slow, heavy, dull, clumsy. While Ethereum is running wild, BCH is there, well, sideways. If you hold your breath for a few days you can make 5%, sometimes. But notable is that BCH opened 2022 around $430.55 and spent two days above the opening price before cratering completely, and all these months of bear market, BCH hasn't printed a single bull trap/bear wrecker wick upwards. Frankly, I think there's a high probability that BCH just turns around and dies back towards the all time lows of $73. In the end, BCH will trade for like $6, and that day isn't very far away. But before we go on a suicide mission to sub-$50 and then sub-$10, the market makers will need to sell some bags at very high prices to people who think numbers like $1,400 and $4,000 will ever return to this thing that was created simply so the Chinese Communist Party-linked mining networks could print something out of thin air that would be useful for laundering USD fiat through South Korea's exchanges. At present, what I see is that the BCHBTC pair made an all time low in July, bounced, broke a June high, and has since shown some strength and consolidation instead of acting like it wants to head for even lower prices. In terms of BCHBTC, there is unfinished business way up at a 400% run over 0.02, but a more realistic gundown target composed of the November and December 0.01~ double top. I would expect that if the BCHBTC pair goes on a 2x or a 4x run, it'll happen while BTC is on its way to $15,000, a call I made in July that has proven rather accurate so far: Bitcoin - An Unimpressive Climax And while Ethereum is headed back to three digits, all of which I expect to happen, and quickly, in the next week: Ethereum - The Hard Reality Thusly, although I would really like to see BCH make a mess of things and go for a run at $400, the multiplication on what the BCHBTC pair can do and the price of BTC means that BCH is likely to have a far more impotent run North, which actually makes a lot of sense, considering what a ball and chain this thing trades like. Anyways, I suspect that BCH will dump more in terms of USD, into the $105 range and set up a bear trap. It may even wick $99 or $98 again, but if it's going to be bullish, it should not break the July lows. Don't get caught in the trap, and stop putting your faith in crypto. If you want to find out what will happen to crypto exchanges in the future, acquaint yourself with what happened to Full Tilt Poker and Pokerstars in 2011. The Federal Reserve's FOMC minutes have addressed "stablecoins" more than once. This industry is on the government's radar, and enforcement is coming very, very soon, because proper CBDCs need to be ushered in.
COINBASE:BCHUSD
by LordWrymouth
Bitcoin Cash (BCH) - July 25Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BCHUSDT 1W Chart) Whether or not it can move higher than 202.7 is the key. To do that, you need to make sure you can climb above the 122.6-146.0 section. (1D chart) Primary resistance: 146.0 Secondary resistance: 174.8-202.7 Support: 106-122.6 We need to see if the price holds the price above the 60 SMA level. To do so, it needs to be supported in the 122.6-129.0 section or higher. - The Stoch RSI indicator is an indicator that can detect short-term fluctuations. - The rise of the CCI indicator is likely to show an upward trend from a mid- to long-term perspective. At the same time, when the Stoch RSI indicator and CCI indicator rise, more volatility appears. The opposite is also true. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Bitcoin Cash Descending Channel, New ATLBitcoin Cash vs Bitcoin (BCHBTC) just hit a new All-Time Low while trading within a descending channel. We believe that this new low will work as support and can lead to a trend reversal. The last low at 0.005210 should work as the stop-loss. A full candle close below this level and the above analysis is invalidated. Trading above this level opens the door for growth (green arrow). Stay patient. The cryptocurrency market will recover. Bitcoin is also preparing to grow. Namaste.
Long
by AlanSantana
1
BCH/USD - Resurrection from the dead. PUMP time! 🤣BCH has been dying since May 2021, but now it is time for resurrection. Easter is coming so the timing seems very good. 😅 After a prolonged downtrend which formed a large falling wedge, BCH has its FIRST real chance to break away. Price is currently moving quickly to the key resistance at $380 which coincides with the edge of the wedge. A successful breakout there and retest of this level as support can take BCH to the next key resistance at $465. The indicators support a bullish bias. MACD, RSI and OBV are all bullish. This latest candle was on strong volume. If BCH can sustain this, then fireworks can happen. Bias is bullish right now, but don't dismiss a possible rejection at $380, before the real break can take place. Patience is key, but this chart looks primed for some sustained gains in the future. Can BCH return to the spotlight? Like and follow if you liked my idea!
Long
by DU09
1