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Bitcoincash

BCH: Pullback in UptrendBitcoin Cash (BCH) technical analysis: Trade setup : Price is in an uptrend. Following a bullish breakout from Sideways Channel ($218 – $260), above $260 resistance, price rallied 20% to $300, then pulled back to retest that breakout level. Now we wait for price to either 1) break back above $260 to signal continuation of uptrend, with +27% upside potential to $330, or 2) pull back near $200-220 support zone for another swing trade entry in Uptrend with +20% upside potential back to $260. 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 $260, then $330.
Long
by altFINS
Bitcoin Cash still can riseHi everyone, Bitcoin Cash is trading within a narrow price range between 220 and 265. The price is consolidating at the moment and this is good sign for the bulls because at any time it can start pumping. Also, note that, BCH is trading within rising channel and its price currently on the lower bound of the channel. All this indicating that price more likely will go up than down. Bitcoin Cash looks bullish but traders should be careful at this point since if there will be strong price correction on Bitcoin then BCH price might follow and drop at least up to 200 price level. Otherwise there is good chance that BCH might rise at least up to 265 resistance. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
9
BCH: Sideways Channel BreakoutTrade setup : Bullish breakout from Sideways Channel ($218 - $260), above $260 resistance, signals resumption of uptrend, with upside to $330 next. Stop Loss (SL) at $250 (just below breakout level). Pattern : Price was 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 : 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 $260, which it broke, then $330.
Long
by altFINS
Bitcoin Cash Is Still In A RangeFrom around the beginning of October 2023, EASYMARKETS:BCHUSD is seen trading within a range, roughly between the 210 and 270 levels. Despite the recent strong fluctuations in EASYMARKETS:BTCUSD , the rate of Bitcoin Cash stayed on the moderate side and within the given range. While the crypto moves inside that pattern, we will remain neutral. However, if the rate exists the range through one of its sides, that’s when we will consider the next short-term directional move. A break through the lower side of the range could attract even more sellers, indicating a possible change in the direction of the current trend, potentially opening the door towards lower areas. We may then aim for the 180 hurdle, marked by the lowest point of September 2023. If that hurdle is not able to withstand the pressure from the bears, its break may send EASYMARKETS:BCHUSD to the lowest point of August 2023, at 161. On the upside, a push through the upper side of the range may invite more bulls into the field, increasing the crypto’s chances off drifting further north. That’s when EASYMARKETS:BCHUSD could end up traveling somewhere closer to the 329 level, which is marked by the highest point of 2023. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BCHUSD
by easyMarkets
BCHUSDT Supply Zone Break & Sustained Bullish PhaseSince June 2023, Bitcoin Cash experienced a significant shift from bearish to bullish sentiment following its breakout above the crucial supply zone. The subsequent re-test of this zone turned it into a support/demand area. Notably, the most recent clean rejection at the 50% Fibonacci level during a yesterdays' dump underscores buyer interest at this price point. This supports the active bullish phase, increasing the probability of a continued long-term uptrend. With attention drawn to two key resistance areas at $433 and $574, there's a potential upside of 110-175% for BCHUSDT in the coming month or two.
Long
by CryptoPAMM
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.
Long
by altFINS
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.
Long
by altFINS
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.
Long
by altFINS
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.
Long
by altFINS
1
🔄 BCH: Fractals of Accumulation, Manipulation and DistributionIn the intricate dance of market dynamics, Bitcoin Cash (BCH) appears to be orchestrating a familiar tune, following the classic pattern of accumulation, manipulation, and distribution. Understanding this cyclical behavior may provide valuable insights for traders navigating the BCH landscape. Chart Analysis: Unraveling the Pattern Accumulation Phase: BCH has entered a phase of accumulation, characterized by sideways movement and the formation of a trading range between $177 and $270. Accumulation suggests the gathering of positions by savvy investors, preparing for a potential upward move. Manipulation Dynamics: Historical patterns indicate that BCH often experiences manipulation after accumulating within a range. Traders should be alert to sudden and unexpected price swings as manipulation unfolds. Distribution Anticipation: Following the manipulation phase, BCH typically enters a distribution phase, where accumulated positions are released. This distribution could lead to a swift decline, potentially revisiting lower support levels. Projected Scenario: A Cautious Path Forward Range Trading: $177 to $270: Traders may anticipate range-bound movements within the $177 to $270 zone as accumulation continues. Establishing strategic positions within this range might be a prudent approach. Manipulation Swings: Be prepared for sudden and sharp price swings, indicating manipulation in progress. Active risk management is crucial during these volatile periods. Downside Potential: $160 Target: In the event of manipulation leading to distribution, a potential downside target is around $160. This level represents a historical support zone that could attract buying interest. Upside Momentum: $370 Objective: Upon completion of the distribution phase, a swift reversal and surge towards $370 may unfold. This upward momentum could signal the start of a new bullish cycle. Strategic Approach: Navigating the BCH Landscape Range Trading Tactics: Traders can capitalize on the range-bound nature of BCH by strategically entering and exiting positions within the $177 to $270 range. Risk Mitigation During Manipulation: In anticipation of manipulation, active risk management, including the use of stop-loss orders, is crucial to safeguarding capital. Long-Term Perspective: Long-term investors may view the accumulation phase as an opportunity to accumulate BCH at favorable prices, anticipating the potential for a significant upward move. Conclusion: BCH's Symphonic Movement As Bitcoin Cash (BCH) dances through its accumulation, manipulation, and distribution phases, traders and investors alike have the opportunity to decipher the symphony of market dynamics. By understanding and strategically responding to these phases, participants can navigate the BCH landscape with greater confidence. 🔄 Accumulation in Progress | 📉 Anticipating Manipulation | 🔄 Distribution Patterns ❗See related ideas below❗ Share your perspectives on Bitcoin Cash's market movements, contributing to a collaborative analysis that enhances the collective understanding of this digital asset. 💚🚀💚
Long
by Yaroslav_Krasko
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.
by MonoCoinSignal
1
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.
Long
by MyCryptoParadise_Simon
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.
Long
by altFINS
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.
Long
by altFINS
1
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!
CRYPTO:BCHUSDLong
by Vestinda
4
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.
Long
by LordWrymouth
1
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.
by Navitility
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
COINBASE:BCHUSDLong
by AzrulAzir
3