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BCHUSD

BCH looking clear for upward movement!!Greetings Everyone! BCH is looking pretty good after breaking through the initial downward wedge from yesterday! Just a couple key things to go over on this 2 hour chart. If you notice the RSI at the bottom, you'll find a slight divergence in comparing that, and the actual price up top. The price up top was on a downward trend, but the RSI was actually increasing, just slightly, but still, showing a bit of a divergence towards the positive. This indicates that the downward momentum is loosing steam and is a pretty good indicator of a change from bearish to bullish, at least in this 2 hour chart! Clears the way for some upward movement! Also note the pretty strong upward support ( shown in the thicker green line). We could be looking at resistance around the 1200 mark, but time will tell if we can break though that and head towards 2K! Happy trading!! (of course, make your own decisions when trading. best wishes!)
COINBASE:BCHUSDLong
by FortheFathersGlory
Bitcoin Cash & The Bulls - Part DeuxBicoin Cash (BCH) believes in the original vision for Bitcoin (BTC) by Satoshi Nakamoto: 'A fast, secure, worldwide peer to peer electronic cash system with low processing fees'. Whereas BCH can complete 100+ transactions per second, BTC only manages three to seven transactions per second. The Bitcoin blockchain is no longer the ideal network for small transactions on the base layer due to its limited block size of 1-2 MB. Micro transactions have been deferred to a second layer ie. The Lightening Network which is a promising but not yet proven success. Because Bitcoin, Bitcoin Cash and Bitcoin SV are derived from the same genesis block, they share a similar history and even some of the same miners. Within the Proof of Work (PoW) system, the miners have more to lose than other investors due to their investment in expensive and specific ASIC equipment used for the sole intention of mining the Bitcoin protocol. The computer hardware that is used can process transactions on all three chains. Therefore the miners can profit from mining any of these three blockchains. It would make sense that the miners will mine whatever chain is more profitable. All Bitcoin entrepreneurship will depend on a functioning Lightening Network on a grand scale. If mining on the Bitcoin blockchain discontinues to be a profitable endeavor, the SHA256 miners who can mine on any of the three chains may look to one of the other two Bitcoin blockchains to keep their show on the road. Miners will not care which side their bread is buttered on. In the global transaction market, there are three trillion transactions per year. 75% are cash transactions, 13% by credit card and 12% from other means. With Bitcoin Cash transactions costing < $0.01 per transaction, a Bitcoin transaction can cost anywhere between $5-$50 making Bitcoin unpractical for day to day micro transactions on the base layer. BTC is useful as a store of value, positioning itself as the digital equivalent of gold. BCH has a larger block size limit which will enable it to fulfill Satoshi's vision of an electronic cash system with low processing fees. The worldwide cash market is valued at $100 trillion whereas the global gold market is worth $10 trillion. Moreover, Bitcoin had a recent 40% drop in hashpower after a Chinese mining pool went offline. As a result, BTC fees have been soaring to $40 per transaction making it expensive and slow. At the time of writing it is 11,838.75x more expensive to transact on Bitcoin (BTC) in USD than BCH according to Coin Dance: coin.dance We went long BCH/USD on 01 December 2020 at $290. Today one Bitcoin Cash is worth 0.016 of one Bitcoin. I see an opportunity for Bitcoin Cash to gain ground on Bitcoin over the coming year or so. I am long all 3 chains on the Bitcoin blockchain. The cash market is 10x bigger than gold, therefore Bitcoin Cash may have more upside potential. We will have to see if the market agrees or not. BCH is 76% off its all time high price of $3785 set on 16 December 2020. Our original Post regarding BCH/USD can be found here:
KRAKEN:BCHUSDLong
by rzinho
3
Bitcoin Cash, In Decisive Wedge-Formation, How It Can Complete!Hi, Welcome to this analysis about Bitcoin Cash, we are looking at the 30-minute timeframe perspective. As Bitcoin Cash has shown up with important initial bearish declines to the downside it now somewhat shown up with some bounces, these bounces however arent not really strong and a full reversal for now. Besides that Bitcoin Cash has formed this ascending-wedge-formation with the coherent wave-count within almost already completed. When Bitcoin Cash now moves below the lower boundary with this bearish price-action as seen in my chart this will lead to the continuation and testing of lower supports as marked in blue from where the situation needs to elevate anew, for now the bearish perspective should not be underestimated. In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best! "The key to success is to focus on goals not obstacles." Information provided is only educational and should not be used to take action in the market.
COINBASE:BCHUSD
by VincePrince
7
BCH To The Moon! - Fibonacci AnalysisBitcoin Cash looking good! It bounced back of strong support and heading North. Entry Zone: $850 - $950 Take Profit #1 $1,132 Take Profit #2 $1,199 Take Profit #3 $1,354 Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
Long
by UnknownUnicorn18172817
BCHBNB - Nison: 20 SMA with RSI(5) - Change of PolarityBCHBNB - Nison: 20 SMA with RSI(5) - Change of Polarity - BCH has overcome Pivots P and pulled back to P after hitting R1. - P shows a potential Change of Polarity (old resistance becoming new support). - The pullback candle closed as a Piercing Pattern, setting horizontal resistance at the low of the pattern (1.8). - The reversal came on a pullback to SMA 20 (Bollinger Basis). - Nison 20 SMA with RSI(5) strategy wants RSI to close above 50, pull back, and find support. That will be a long entry signal. SL: 1.795 T1: 2.175 T2: 2.42 T3: 2.8 RR: ~ 2.17, 4.21, 7.37 Additional Strategy: Nison: EMA Crossover - Wait for 4H EMA 5/8 Golden Cross on candle close. - Set a buy order 2-5 ticks above the next Daily close which has a lower high. - Trail buy order down until the trade executes. - Close the trade 7 candles later, including the candle which triggered your entry.
Long
by zerocashcool
Break Trendline Like BCH Hi, this is my new update for BCH, 3days ago I informed you that once we break this trendline, the bullrun in BCH will start and you see what happened after that. We broke both the resistance $880 and trendline at the same time. Now we have tested the resistance $1150, if we break it the next one is around $1300, but if we see a pullback to $880-900 in the next couple of days, to backtest both the trendline and the support level, I would not be surprised. BCH is 100% BULLISH Be prepared and don't PANIC ;)
BITSTAMP:BCHUSDLong
by GOAT1375