BCH is on perfect spot for huge bull runSince the 2020 bull run most of the top altcoin made at least 100% jump, but if we look at the BCH we don't see that much price increment in 2020 bull run.
The technical analysis of the BCH is clean showing breakout of long term resistance in and reversal. After the break we are seeing a clear reversal and bounce back again, this is a very good indication for next large price movement.
If you are planning to buy BCH as an investment for a year or so then this is the best time for purchasing BCH. Once it start its bull I don't think BCH will see this price range again
thanks
Bitcoincash
Bitcoin Cash clasped between key resistance and support
Bitcoin Cash lost the ground above $300 again following rejection at $320.
BCH/USD is stuck between the 50 SMA resistance near $300 and the 100 SMA support at $280.
Bitcoin Cash recently recovered from the Thanksgiving Day crypto crash. The losses on Thursday last week failed to embrace support at all the three moving averages; the 50 SMA, 100 SMA, and 200 SMA on the 4-hour chart. Buyer congestion at $250 saved the altcoin from diving further.
The rebound from the crucial support reclaimed the position above $300 earlier this week. However, BCH hit a wall at $320, cutting short the anticipated spike to November’s peak at $373. A correction came into the picture, pulling Bitcoin Cash into a 13% dip.
Meanwhile, BCH/USD seems to have embraced support at the 100 SMA, highlighted at $280. The price is doddering at $289 amid the push to recover the lost ground toward $300. On the upside, movement is likely to be limited at the 50 SMA, slightly under $300.
The resistance at the 50 SMA and the support at the 100 SMA might keep Bitcoin Cash in a range before a breakout comes into the picture. Trading above the 50 SMA and the hurdle at $300 will call for more buy orders as the uptrend heading to $373 and $400 is validated.
On the downside, it is essential to hold above the 100 SMA to avert looming declines back to the primary support at $250. The 200 SMA is in line to absorb some of the selling pressure, preventing BCH from diving massively towards $200.
Bitcoin Cash intraday levels
Spot rate: $288
Relative change: 0.55
Percentage change: 0.2%
Trend: Sideways trading bias
Volatility: Expanding
BTC to retest uptrend at $18.300Bitcoin - Intraday - We look to Buy on uptrend
We look to buy dips.
Daily signals are bullish.
A lower correction is expected.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Our outlook is bullish.
Trend line support is located at 18300.
Trading within a Bullish Channel formation.
Our profit targets will be 19374 and 19468
Resistance: 19500 / 20000 / 22000
Support: 18800 / 18300 / 18000
BCHUSDT (Symmetric Triangle Breakout)#BCHUSDT (1H CHART) Technical Analysis Update
Symmetric Triangle Breakout
BCH/USDT currently trading at $273
LONG ENTRY LEVEL: $270-275
STOP LOSS ( support): Below $260
Resistance level1(target):$305
Resistance level2(target):325
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Bitcoin Cash (BCH) - November 29Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We must see if we can ascend to the 278.26196606-293.00097721 section.
We must see if we can move above the 293.00097721 point to continue the uptrend.
If you decline in the 209.23112174-230.18881201 section, you need to trade to preserve the profit and loss.
We need to see if it can break above the downtrend line (1) and climb along the uptrend line (2).
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
BCHUSD: If $BCH manages to break over this zone next month...It might trigger a bullish signal from this zone, I don't know if it will be viable to trade it, to expect a profit in $BTC terms, but it will likely be tradeable using USD, or margin positions at FTX with BTC collateral, as long as risk is under control.
Upside suggests it can rise over 2k usd over time as per the green box and white arrow.
Cheers,
Ivan Labrie.
PS: BCH is not the real Bitcoin, nor is BSV.
BCH 1D Good news is over, the fall can be...We can be unfounded, but in fact Bitcoin cash is almost the most successful fork in the crypto world.
Usually forks, after a few months, lose 99.9% of their value and become useless.
BCH fork of BTC which lost 93% of its value from its high $4,000 and is now trading around $300.
BCH itself already had two forks recently on 15 November, after which the price shot up. BUT, after each of them, the exchanges delete the history of previous trades.
Kraken is almost the only crypto exchange that has preserved the entire trading history. You can conduct a thorough analysis of the trading history, for what we thank it.
So, a move could be a positive scenario if the BCH value can rise to the levels $290 and $310.
Nevertheless, from below, in the coming weeks, the level $195-200 will attract to itself.
BCH Bitcoin Cash Road to $400BCH, like many other crypto pairs, has seen tremendous growth over the last couple of days. The last wedge was succeeded by a strong bullish move of over 25%, we are currently at the end of the second wedge. is a new bullish move coming?
The first real resistance this pair will encounter would be around the psychological area of $400 (~15% gain from current price). Assuming the wedge will end in a bullish move, $400 should be attainable.
Bitcoin Cash - I am waiting for a two scenarios I am waiting for a false break out
I do not exclude the second scenario.
False break out or break out ??
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Next its BCH turn to follow the XRP pathway?!Seems like the last one of the top 5 to really move is BCH, a good value play here I think at 295 with a run up to the points shown on the chart highly likely with Bitcoin looking overbought and in consolidation. A higher high on the weekly charts looks likely to occur, stop as shown
Will the 21 week MMA crossing the 50 and 100 week be bullish?After a very long down cycle for BCH for 3 years now it looks like a big move is coming to BCH. The 21 week mma crossing up through the 50 and the 100 IMO is very bullish. Lets see what can happen in the next few weeks.
$450 usd is the first short term target.
Thanks for your look, like and follow.