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Bitcoin Cash Parabolic Rally Update! | BCH Price Prediction 2023Hi friends hope you are well and welcome to the new update on Bitcoin cash (BCH) Harmonic bullish reversal move: Before starting the analysis of BCH, I would like to share with you my most recent trade signal for Bitcoin cash, which I shared few days ago. That was a harmonic bullish reversal BAT move, which BCH formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move. Massive breakouts: On a weekly time frame chart, from March 2021 uptil January 2023 the priceline of Bitcoin cash was moving inside a very big falling wedge pattern, and finally in the second week of January 2023 Bitcoin cash broke out this huge wedge pattern but got stuck inside in another symmetrical triangle and in the second week of June 2023, after testing the support of this triangle BCH rallied almost 200% and broke out the resistance of this pattern as well. Dropped in golden pocket: After the 200% rally the price was dropped 61.8% that is considered as a golden pocket of Fib retracement level. Finally it has happened and BCH has begun nice reversal move Broke out the channel: On a daily time frame, for almost 77 days priceline was moving inside a long down channel. Finally it broke out this channel on 15th of September 2023. After the break out the price and got rejected by the reference of $226, it has also broken out this resistance as well. There is also a support at $180, which is also a recent swing low before this channel’s breakout, therefore, below this support the stop loss can be placed, in case of trading this breakout. Targets: Target for the recent channel’s breakout is at the top of the channel, which is approximately $315, and if we take a look at the target for the previous breakout from huge falling wedge pattern, which has already happened on a weekly time frame, that is at the top of the wedge, which can be between $1600 to $1800. Conclusion: For the past 77 days the priceline Bitcoin cash was moving continuously to the downside, but after breaking out the recent down channel and starting a bullish reversal from a golden pocket it is confirming a trend reversal from the downside the outside.
KRAKEN:BCHUSDLong
by moon333
1
Bitcoin Cash BCH - long trade #16Hello colleagues! While bitcoin is once again stuck in a narrow consolidation, we have found an interesting short-term trade that we want to take. After a successful local growth wave on September 11, the BCH price began a correction. Since 22 September, sellers have twice updated local lows. However, they failed to gain a foothold below the $205-207 range. Given the nature of the fall in the BCH price since September 19 , sellers do not have the strength to continue the pressure. In our opinion, a new wave of BCH's likely decline may begin after the local high of $218.9 is updated. At this point, it will become clear whether the local wave of growth is part of a correction or a new growth momentum that will easily reach the medium-term target in the $225-229 range. However, we are interested in a short-term trade with the following parameters: Enter =205-207$. Stop = 201.7 (- 2.14%) TP = 218.46 (+5.99%) P/L ratio = 2.8 We are again placing a fairly short stop order, as if buyers are weak in the $205-207 range, the price of BCH could fall sharply below $195, where we would once again take a risk on buying BCH. We allocate $5,000 for this trade. In case of a mistake, we will receive a loss of $107 . If the trade works out, we will get a profit of $299.5
Long
by P_S_trade
23
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin cash (BCH) was a notable gainer in today’s session, as the cryptocurrency climbed for a second straight day. Following a low of 206.86 to start the week, BCH/USD peaked at 213.89 earlier in today’s session. The move saw bitcoin cash close in on a resistance level of 225, which was last reached on September 18. the move comes as the 10-day (red) moving average remained above its 25-day (blue) counterpart. the relative strength index (RSI) has broken out of a ceiling at 52.00 and is now tracking at 54.50. A point of resistance at 60.00 now seems to be the next target for bulls, and if hit, BCH will more than likely be above 225. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. 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.
Long
by altFINS
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
Bitcoin Cash on the riseHi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash reached upper bound of 200-220 resistance area on the news that Grayscale won case against SEC. This didn't last long though. Basically on the next day all optimism gone from the markets and price started to plunge again. Unlike Bitcoin, which returned to 26k, Bitcoin Cash stayed within resistance area and didn't plunge under 200 price level. This is good news for Bitcoin Cash since if there will be some correction on Bitcoin then BCH price can rise up to 230-240 levels. But in mid-term I don't expect that Bitcoin Cash will rise much higher than 240 price and most likely it will continue to plunge. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
11
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short-Term basis and Neutral on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $140 – $150. The nearest Resistance Zone is $200, which it broke, then $250 and $330.
Long
by altFINS
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session. Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week. bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process. This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark. The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July. Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCH drop to $130BCH looks like it has one more drop to it, perhaps to the 0.886 fibonacci around $130 roughly. It has been channeling nicely, which can help us determine the bottom as we get closer. I circled the Fixed Range volume that I suspect marks where the drop will stop. There is a Demand zone marked in green at this same area too. This will be the end of the retrace, then BCH will start the next major pump. Even though I will mark this chart as Short, I am long term Long.
COINBASE:BCHUSDShort
by gz1968
BCHUSD Chart Resembles 2019: Potential Surge to $297 and $463Hello dear traders! BITSTAMP:BCHUSD appears to be mirroring its 2019 price action closely. 📈 There's potential for further upward movement towards the $297 and $463 levels. These price zones align with the ascending Fibonacci channel and historical support/resistance areas. The $200 support level holds significant sway, a pivotal point for both bulls and bears. 🐂🐻 A breach below $200 could signal a deeper price decline – an essential factor to monitor. Conversely, a compelling signal emerges on the weekly chart, hinting at a price surge towards $300 and $460. 🚀 This optimism stems from hidden bullish divergence and a resemblance to the 2019 price patterns. Keep a keen eye on these developments. 👀
CRYPTO:BCHUSD
by Vestinda
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 6% on Tuesday, as bulls returned to the market following recent declines in price. After falling to a low of 181.38 to start the week, BCH/USD raced to a peak of 198.93 earlier in the day. This rally saw bitcoin cash snap a four-day losing streak, which pushed the price close to a support level of 180.00. it appears that this was the trigger bulls needed in order to return to the market. The 14-day relative strength index (RSI) also bounced at its own floor at the 35.00 mark and is now tracking at 37.58. Should today’s momentum extend through the rest of the week, there is a good chance that BCH will rise towards a critical resistance level of 220.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCH/USDT is Ready For Bullish Rally | Bitcoin Cash Analysis💎Yello Paradisers! Get ready for an exhilarating journey with BCHUSDT. Right now, it's comfortably positioned in a demand zone, hinting at a potential bullish surge. 💎Currently, BCH is holding onto a crucial support level, moving within a specified boundary. A bearish order block has posed some challenges within this territory. 💎The momentum seems to be building, and there's a strong chance the price will break through the order block, aiming for the above supply zone. 💎However, if the bears take control and the price drops beneath the support, it might pave the way for a prime shorting scenario. 💎Stay tuned for more strategic trading insights from us! 🌴
Long
by MyCryptoParadise_Simon
Bitcoin Cash broke 200 levelHi guys, let's review the current situation on Bitcoin Cash. In my previous post I indicated that if Bitcoin falls under 28k then Bitcoin Cash drops under 200 level and that's what happened here. Bitcoin dropped up to 25k and Bitcoin Cash almost touched 160. As it shown on the chart BCH almost touched upper bound of 160-145 support area and I think that now this area will play important role for Bitcoin Cash. I don't think that this level will be broken any time soon as I don't expect Bitcoin to break 25k support either. But probably BCH price now will be fluctuating between 160 and 200 prices. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
3
BCH/USDT Potential Rejection And Continue Upward Movement Hello Paradisers, turn your attention to this token! 💎 BCH, also following BTC's sharp decline to $24k, has breached its demand zone. 💎Currently, BCH might rise to form a new leg before either continuing its descent or heading straight to the Bullish Order Block or untouched demand zone. 💎Typically, a fresh demand zone witnesses a strong bounce-back, given that it remains untapped. Such areas often house a significant number of buyers and accumulation activities.
by MyCryptoParadise_Nathan
Bitcoin Cash just reached 200 price.Hi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash just reached my main target at 200 price. This is lower bound of 220-200 support level. In my previous ideas I indicated that it's very likely that BCH will touch that level. It took some time but eventually Bitcoin Cash has reached 200 level. Now there are view options how BCH price can behave at that level. Option 1: Price can correct to 220-230 price and from there slowly drop back to 200 level. Option 2: Price can consolidate at 200-220 price range and after some time drop under 200 level. Option 3: If Bitcoin falls under 28k then BCH drops under 200 level. I expect that there will be some correction up to 220 price and from there drop to 200 again. Let see how it goes. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
2
Bitcoin Cash just broke it local support at 235 price levelHi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash just broke it local support at 235 price level and almost touched upper bound of 218-200 support area. As I indicated in my previous ideas I wait 200 price level after which there might be some correction phase. Before BCH will reach this level I don't expect any significant correction. Otherwise everything goes as expected and I think that very soon we'll see Bitcoin Cash at 200 price. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
Short
by Real_CryptoRoy
7