Get started

Bitcoincash

Bitcoin Cash aspire to the moon.Hi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash continue to crash all resistance levels one by one and aspire to the moon. For the last couple weeks BCH price increased by over 200% and trading above 300 at the moment. To be honest I didn't expect this huge rise and it was very much surprising to me. Overall, I expected that BCH will rise but not so much. As I see there is only one main resistance remained on its course. I indicated this resistance area from 390 to 420. Also, take a note on weekly volume. It's extremely high and usually after such huge volume we can expect some price correction. Let's see how far BCH price can go. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
3
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
COINBASE:BCHUSDShort
by RizeSenpai
BCHUSD hit the MA200 (1w) after 1.5 year. Major bullish sign.BCHUSD hit today the MA200 (1w) for the first time since the week of January 3rd 2022. This represents so far a massive +200% rise in the last 2 weeks. The RSI (1w) is deep inside the overbought zone but so it was in January 2021 during a rally similar to today's. Trading Plan: 1. Buy after the first red (1w) candle. Targets: 1. 735.00 (Resistance 2). Tips: 1. You may target Resistance 1 (392.50) initially if you don't want to commit much on the long term and buy for the higher target after the MA50 (1d) is tested and holds. Please like, follow and comment!!
CRYPTO:BCHUSDLong
by TradingBrokersView
4
BCHUSDT ---> %78 PROFIThello guys... There is such thing as a free lunch :) as you can see bch broke the descending wedge after that did a sharp move and at the same time, it broke the previous resistance level If the price retraces to $174 level you can get a long position and hold it until $316! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
18
Look at BTC ! Golden Hoop Stick !Look at BTC ! Golden Hoop Stick ! Bitcoin Cash has risen sharply in the last two weeks, which is exactly the time point of the first anniversary of Bitcoin Cash cash from June 2022! Now the strong pressure of Bitcoin Cash cash is 344.52 in the week of April 18, 2022; Now the strong support of Bitcoin Cash cash is at the opening price of 188.91 in the week of June 6, 2022! Normally, the real starting time for a variety to enter the long-term horizontal market is generally about 3 years. The recent surge of Bitcoin Cash cash will wait and see whether it is a long time to roll over or really get up!
by Think_More
BCH breaking all resistanceHi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash continue to crash all resistance levels and aspire to the moon. BCH broke very important level at around 150. BCH price was accumalating under that level for almost a year and now price squeezed to the moon. Now it's important for BCH price to remain above 170 and higher. As I indicated in my last post about BCH, if price break 150 resistance level than next likely stop is 200. So far price tapped 220 and now went at about 200. If this impulse continues than I expect price to reach 260-280 price which will be next big resistance. Also, take note on the volume. This week there is extremely high volume on BCH weekly chart which can indicate on potential reversal at least up to 170-160 level. But for those who want to short BCH need to be extra careful because price can easily go to 270 resistance level. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
3
Bitcoin Cash BCH price what is happening, why is it growing?The goal from the previous BCHUSDT idea, which was drawn on the chart, has been achieved, that's why it is worth updating the picture and thoughts. By the way, in the same previous idea, we described a lot about Bicoin Cash and our memories associated with this project on the crypto market. So, in a little over a week, the price of BCH has grown by +130%, which is a super rapid growth that has not been seen since the end of 2018. We don't know what this rapid growth is due to, maybe you will share important information in the comments below the idea? In our opinion, before continuing the growth wave to t he next targets of $340 and $550 , the BCHUSD price should correct in the coming days. And the $150-160 zone is a "tasty area" for buying BCH, of course, if you believe that the project has been resurrected and has great prospects. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
27
BCH: Rally UnleashedBitcoin Cash (BCH), a prominent member of the cryptocurrency market, has recently attracted significant attention, primarily due to its remarkable price rally. Currently trading at approximately $217.2, BCH has seen a substantial 14% surge over the past 24 hours. This volatility not only demonstrates the dynamic nature of cryptocurrency markets but also underlines the importance of careful analysis and consideration for both investors and traders. This article aims to delve deeper into the technical and fundamental factors contributing to BCH's current market situation and future potential. Technical Analysis: Indicators and Interpretation Starting with the technical analysis, it is essential to highlight the integral role of various indicators. When examining the BCH price chart, we utilize a wide range of tools that assist in understanding the prevailing market conditions and potential future directions. Relative Strength Index (RSI) The RSI, a tool used to measure the speed and change of price movements, currently stands at 64 for BCH. Typically, an RSI above 70 indicates overbought conditions, suggesting a possible price pullback. On the other hand, an RSI below 30 is a sign of oversold conditions, which could lead to a price increase. With BCH's RSI sitting at 64, it teeters towards the overbought territory but still maintains a safe distance. This suggests that there might still be room for upward price movement before a potential correction phase. Moving Average Convergence Divergence (MACD) Next, the MACD, another momentum oscillator, reveals a reading of 6 for BCH. When the MACD is positive, as it currently is for BCH, it suggests that the overall trend is bullish. The fact that the MACD line remains above the signal line further solidifies the bullish market sentiment surrounding BCH at the moment. Volume Oscillator In trading, volume is an often overlooked but crucial factor. The volume oscillator for BCH currently stands at -1%, which implies that the volume is relatively stable. Stability in volume, especially in a bullish trend, can be a positive sign as it shows the trend is not weakening and might sustain. Bollinger Bands Bollinger Bands are used to identify potential buy and sell signals for an asset. For BCH, the upper, middle, and lower Bollinger bands indicate $222.9, $200, and $178.8, respectively. Here, the upper band at $222.9 forms a significant resistance level that BCH touched once on June 24th. On the contrary, the lower band at $178.8 serves as a critical support level, acting as a safety net to prevent further price drops. The price action bouncing between these levels is something traders should observe closely. Fibonacci Levels Looking at different time frames, we notice the Fibonacci levels offering crucial insights. On a 4-hour chart, the zero level of Fibonacci is at $221.9, the half level at $163, and the first level at $104.8. The daily chart shows the 4.236 level of Fibonacci at $236. This divergence in levels across different time frames underscores the importance of multi-time frame analysis in trading. Fundamental Analysis: Recent Developments and Impact On the fundamental front, a primary driver of BCH's recent rally appears to be its listing on EDX Markets. Backed by heavyweights in traditional finance, such as Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDX Markets is a newly established cryptocurrency exchange that added BCH to its roster of tradeable assets. The listing announcement resulted in an immediate positive impact on BCH’s price. The exchange's broad customer base and its partners' established reputation in the finance sector increased BCH's visibility among potential investors. This, in turn, sparked an increase in trading volume and social media interest, which created a feedback loop that further drove up BCH's value. In essence, the listing announcement served as a catalyst for BCH's recent rally. However, while the price rally is indeed impressive, it's essential to view it in context. Although BCH is experiencing a resurgence, it is still 95% down from its all-time high price reached in December 2017, according to CoinMarketCap data. Moreover, despite being designed to serve as a payment network, BCH's blockchain traffic is significantly overshadowed by Bitcoin's transaction numbers. Future Perspectives: Market Dynamics and Investor Sentiment Looking ahead, a few factors could shape BCH's future trajectory. The first is the broader market trend. With Bitcoin (BTC) and several other major cryptocurrencies showing bullish signs, BCH may continue to ride this wave of market optimism. However, it's essential to stay cautious as cryptocurrencies are notorious for their volatility, and market trends can reverse quickly. Secondly, BCH's adoption for transactions will play a critical role in its long-term performance. As a Bitcoin fork, BCH aimed to improve upon Bitcoin by offering faster and cheaper transactions. While BCH's current transaction numbers don't match Bitcoin's, increased adoption of BCH for transactions could boost its long-term prospects. In conclusion, BCH's recent surge, sparked by its listing on EDX Markets and amplified by rising social media interest, paints an optimistic picture for the coin. However, BCH's long-term performance will hinge on a combination of factors, including broader market trends, its transaction adoption rate, and evolving investor sentiment. As such, while current indicators suggest a potential continued upward trajectory, investors should still employ robust risk management strategies. The crypto market's highly volatile nature means prices can change rapidly, and past performance is not indicative of future results.
Long
by ShawnMCR
17
BCHUSD Bitcoin Cash Sell Entry At the moment, BCHUSD is trading at $194, and its resistance is at $205. You can sell it from there if the H4 candle rejects. The take profit level would be its support level at $170, and the stop loss would be at $220. Currently, the Weekly RSI is also crossing the 70 level, which indicates an overbought zone, so it should come down. I hope we can make a good profit. Not financial advice. Trading carries risks. Consult a professional advisor. Perform due diligence. No endorsement of specific strategies by OpenAI or its models.
COINBASE:BCHUSDShort
by ShaaniReal
1
BCH Bitcoin Cash and the Wall Street-backed EDX Exchange Launch If you haven`t sold BCH here: Then you should know that the recent launch of the Wall Street-backed cryptocurrency exchange, EDX Markets, is a significant development that signals growing acceptance and adoption of digital assets within the traditional financial industry. This event brings a bullish sentiment to the crypto market, indicating increased confidence from institutional investors. EDX Markets is specifically designed to facilitate safe and compliant trading of digital assets, offering clients distinctive benefits such as competitive quotes, liquidity, and a non-custodial model. By prioritizing best practices and establishing trusted intermediaries, EDX aims to alleviate conflicts of interest and provide a secure trading environment. The initial assets available for trading on EDX are the largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ethereum (ETH), as well as Litecoin (LTC) and Bitcoin Cash (BCH). This selection showcases the platform's focus on the most established and widely recognized digital currencies, instilling confidence in investors. The entry of prominent financial players such as Schwab, Fidelity, and WisdomTree into the cryptocurrency space further strengthens the bullish case. WisdomTree Investments' recent application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) reflects the growing market interest in this investment vehicle. With BlackRock's filing also fueling the discussion around Bitcoin ETFs, it is evident that established firms recognize the potential of cryptocurrencies as a legitimate asset class. In this context, my short-term price target for BCH is $147. However, I maintain a bearish outlook for the overall year due to the ongoing Binance investigation and the lawsuit filed by the SEC. Looking forward to read your opinion about it.
Long
by TopgOptions
✴️ Early Bird Gets The Worm | Bitcoin CashI like about Bitcoin Cash (BCHUSDT) that the transactions are really fast... There are basically no fees; really low. Early bird gets the worm. This is an early call/signal... But it won't be early once everything takes off. Today we see BCHUSDT moving above EMA10 after a very long consolidation phase since July. We also have a giant falling wedge pattern... With almost 6 months of sideways action... The next wave will be strong whenever it really happens. If the time is now, early is better... Early gives low risk (tight stop-loss) with high potential for rewards (higher targets). Additional details on the chart (targets and support). Do your own research. Namaste.
Long
by AlanSantana
9
Bitcoin Cash Bullish Analysis Toward $800 PotentialBitcoin Cash (BCH) Chart Analysis: Exploring the Potential Bullish and Bearish Scenarios Bitcoin Cash (BCH), currently trading at $129, has experienced a notable 40% increase in value over the past week. However, it is important to note that BCH remains down by 92% from its all-time high. In this chart analysis, we will explore the current market situation for BCH and examine both the bullish and bearish scenarios that could unfold in the near future. Bullish Scenario: Should BCH manage to break out above the $150 resistance level, it could potentially enter a bullish zone. This breakout may open the doors for further price appreciation, with potential targets at $400 and $800 during the next bull market cycle. It is crucial to monitor the price action around the $150 level as a breakout could signal renewed buying pressure and a shift in market sentiment. Bearish Scenario: If BCH is rejected from the strong resistance level at $150, it might face downside pressure. In such a scenario, the price could potentially drop to a range of $80 to $90, creating an attractive accumulation zone for investors. Traders and investors should exercise caution and closely observe how the price reacts to this resistance level, as a rejection could result in further downward pressure. Key Levels and Considerations: Support Levels: In the event of a bearish scenario, the key support levels to watch are $90 and $70. These levels could potentially act as significant areas of demand, attracting buyers and providing a foundation for a potential price reversal or consolidation. Resistance Levels: On the upside, if BCH breaks above the $150 level, it could encounter resistance at $400 and $800. These levels may present challenges for further upward movement, as they have historically influenced price action and investor sentiment.
Long
by CryptoPatel
1
BCH follows BTCHi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash managed to surprise a lot. After big drop in price it's not only managed to recover its losses but also hit very important resistance area. If Bitcoin Cash somehow manage to break it then next stop will be at 200 which is huge gain in price. But, as usual, you have to look at Bitcoin first. If BTC continues its rally then BCH will definitely follow it. Overall Bitcoin Cash currently at very good spot for short but I would wait for price reaching at least 145 to enter market. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
3
Bitcoin Cash waiting for a ShortHi guys, let's review the current situation for Bitcoin Cash. After big drop BCH almost managed to recover its losses. As I stated before, I expect price to stay in 108-116 range for a while and after that likely will go back testing 97 support line. There is no much volatility in BCH and I expect its slow decline up 97 and lower. I still mostly bearish on BCH and will be looking for a short at 116 price range. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
Short
by Real_CryptoRoy
1
BCH: Descending Triangle BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bearish breakout from Descending Triangle pattern, below $110 support, which confirms a downtrend. Price could revisit $95 support last seen in late 2022. Pattern : Price was trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). 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 $95. The nearest Resistance Zone is $110 (previous support), then $120, and $140 – $150.
Long
by altFINS