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Bitcoincash

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
Range Channel Formation and Potential Support BreakdownDuring the previous month, Bitcoin Cash (BCH) has responded to two distinct resistance and support levels depicted on the chart, resulting in the formation of a range channel within the 4-hour time frame. In order for the price to break out of this channel, it is necessary for the daily time frame candles to close above the $120 mark, with robust bullish candles indicating strength. Under these circumstances, an anticipated price increase within the range of $135 to $137.5 becomes plausible. However, a comprehensive analysis of the daily time chart reveals a lack of compelling indications for a significant shift in the prevailing trend. Consequently, should the support range of $112 to $108 be breached, there is potential for further price depreciation towards the range of $105 to $101. Within this particular support zone, a more substantial market reaction can be anticipated.
by MonoCoinSignal
1
Bitcoin forecast Sunny🌞 (Confidence: 0.91 )🌞 Bitcoin Weather Report 🌞 The Bitcoin chart index for the past hour shows promising signs, indicating a sunny forecast for the Bitcoin world! ☀️🚀 Let's take a look at the key indicators: - Open: 27111 - High: 27216 - Low: 27033 - Volume: 27670 - Close: 27166 The Bitcoin market has experienced relatively stable trading activity within this hour, with a slight increase in the high and low values. This suggests a healthy level of interest and participation. Moving Averages: - EMA9: 27301 - EMA21: 27429 - EMA50: 27586 - EMA100: 27823 - EMA200: 28083 The exponential moving averages (EMAs) indicate an overall upward trend. The shorter-term EMAs are below the longer-term EMAs, suggesting positive momentum and potential for further growth. Relative Strength Index (RSI): 36 The RSI measures the strength and speed of price movements. Although it is slightly below the neutral 50 level, it is not indicating any extreme overbought or oversold conditions. This suggests a balanced market sentiment. Stochastic Oscillator: - Fast %K: 34 - Slow %K: 31 - Slow %D: 33 The stochastic oscillator values are relatively low but still within a reasonable range. It implies that the market is not overextended and there may be room for further upward movement. Moving Average Convergence Divergence (MACD): -168 The MACD is currently negative, indicating a bearish signal. However, it's worth noting that the MACD is a lagging indicator and should be considered in conjunction with other indicators for a comprehensive analysis. Overall, considering the positive movement in the moving averages, the balanced RSI, and the relatively stable trading activity, my confidence in a sunny weather forecast for the Bitcoin world is high! ☀️🚀 Please remember that cryptocurrency markets are highly volatile, and this analysis is based on historical data from the past hour. Market conditions can change rapidly, so it's always important to exercise caution and conduct thorough research before making any investment decisions. Happy trading! 📈💰
BINANCE:BTCUSDLong
by ChatGPT_Bitcoin_Forecaster
Bitcoin Cash (BCH) WCA - Rectangle Company: Bitcoin Cash Ticker: BCH Exchange: Binance Sector: Cryptocurrency Introduction: Hello, and thank you for reading this analysis. Today, we are examining the weekly chart of Bitcoin Cash (BCH) on the Binance exchange. Our attention is drawn to a consolidation phase that is taking the shape of a Rectangle pattern, suggesting potential reversal from the previous downtrend. Rectangle Pattern: The Rectangle pattern is a period of consolidation where price moves within a well-defined horizontal channel, bounded by clear support and resistance levels. In this case, the pattern is 10.8 months old and could act as a bullish reversal pattern, indicating a potential end to the previous downtrend. Analysis: The previous trend for BCH was clearly downward, indicated by the blue diagonal resistance line. Now, we seem to be in a consolidation phase, with the price oscillating between the upper boundary at $148 and the lower boundary at $95.4. The 50 EMA (Exponential Moving Average) suggests that we are not currently in a bullish environment. Therefore, careful observation is recommended over active trading at this stage. We cannot predict the direction or timing of a potential breakout, but we can prepare for any possible outcomes by closely monitoring the price movements. Conclusion: The weekly chart analysis of Bitcoin Cash (BCH) reveals a Rectangle pattern, which could suggest a potential bullish reversal in the future. As always, diligent monitoring and risk management are crucial when considering any investment or trading decision. Please note, this analysis does not constitute financial advice. Always conduct your own research before making any investment decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
by KarimSubhieh
Bitcoin Cash BCH price try to rise while crypto market "frozen"?Today we want to focus your attention on the global chart of the BCHUSDT trading pair. It was a "very hot summer" in August 2017: the altcoin season was in full swing, and then there was the first historical BTC fork, which resulted in bitcoin holders receiving free BCH 1:1. All of the following eight BTC forks that were realized on "the hype" with an obvious speculative purpose have long been forgotten by history. And the coins that resulted from the BTC fork are worthless and are not needed by anyone. After the fork, the BCHUSDT price soared to $4200-4400 on various exchanges. And then the success story of BCH melted away against the background of other cryptocurrencies. While BTC was able to grow 20 times in value during 2019-2021, the price of BCH could not even rise to half of the ATH rate. On November 15, 2018, the Bitcoin Cash blockchain was split (hard forked) into two branches - BCHABC and BCHSV. There was also a lot of contradictory information about one of the biggest supporters and organizers of the BCH fork, Roger Ver, although we haven't heard from him something interesting or extravagance for a long time. Now about the BCHUSD chart For almost a year, the BCH price has been moving in the range of $100-150 And we would continue to ignore this long-forgotten project, BUT: Yesterday, when the cryptocurrency market was in a narrow consolidation, the price of BCHUSDT jumped up +12% and closed the trading day with a powerful green candle. The related coin BSV gained +50% on the day. What happened in the projects that they decided to pump their price while the market is in uncertainty? Please share your thoughts in the comments. If a miracle happens on the market and the BCHUSDT price is fixed above $150, on the chart shows all the levels where it would be good to sell your BCH. Here everyone should look at their deposit, where they bought BCH, and where it is profitable for them to sell. The levels from the top for selling are $250, $340, and $550. The most positive and super unlikely forecast for Bitcoin Cash price growth is $900 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
23
#BitcoinCash Is Bullish, More Upsides Expected Above March HighsPast Performance of Bitcoin Cash BCH prices remain wavy inside a bull flag from the range defined from December to April 2022. For now, traders can look to ride the uptrend from a top-down preview. However, this will largely depend on the reaction of prices at around HKEX:136 , marking March and April highs. On the lower end, support is at around $130. #BitcoinCash Technical Analysis The recovery of prices from mid-March shapes the current price action. There is a double top though the trend is negative slanting. Resistance is around the HKEX:136 zone, while support flashes with the high of April 3. The bar is bullish, engulfing, and wide-ranging, which initiated the recent breakout and drive to spot rates. Therefore, unless there is a comprehensive push above HKEX:136 and the resistance trend line, the odds of contraction below HKEX:130 towards HKEX:120 remains high. If bulls take charge, BCH may float to Q1 2023 high of $145. What to Expect From #BCH? BCH remains volatile and moving inside a tight trade range, as seen in the past two days. Still, bulls have the upper hand. Buyers from mid-March 2023 could spill over, providing the impetus for a leg up toward HKEX:145 in a refreshing bull trend continuation. Resistance level to watch out for: HKEX:136 Support level to watch out for: HKEX:130 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin - Can You Fade the Bear Trap for $34,000?It's very dangerous to be bullish on digital currencies. Although the idea that there's some kind of "decentralized" alternative to the central bank fiat and credit card system of monetary control is very romantic, the reality is that mining cartels, which are heavily concentrated in the hands of entities associated with the Chinese Communist Party, run the game. BTC's development is also centralized in the hands of a corporation. Sure, you can fork, but only the main branch is ever going to be recognized by all the miners, exchanges, developers, and the media. Nobody is going to list your forkcoin, and no one on Wall Street is going to set up a futures market or an ETF around your forkcoin. This is how it is. In reality, Bitcoin has, since before it was worth much, been in the grasps of a multi-year co-opt, control, and demolish program that is about to come to the final moment of its demolish phase. The idea is to replace your "legacy" crypto with the much more widely adopted and chic U.S.-backed Central Bank Digital Currency that will underpin the future CCP-emulating social credit system that revolves around rationing and lockdowns "because saving the world from climate change." For humanity, this is a kind of "reaping what you sow" retribution for decades of failing to reject and eliminate the CCP's Marxist-Leninism and the atheism and degeneracy that come with making yourself a slave to the red regime and failing to tell good from bad and right from wrong. Bitcoin and Ethereum will exist for a long time after this happens, but you're going to see prices like $90 ETH and $750 BTC again, and they won't be buys for the next moon mission. There isn't going to be another moon mission. The top is already in. All you have left are bear market rallies. Even the Universe you're living in one day comes to an end, let alone the first generation of digital currencies that only exist on the computer and were a false prophet that never, at all, intended to "save you" from anything. Monthly bars show that Bitcoin's second run to $65k and its following behaviour is indicative that we are far, far into a Bump and Run Reversal pattern. This means that $65,000 was the all time high, and is never coming back. You might not like to hear that. But what a person doesn't like to hear is usually exactly what they need to hear. The October-November-December dumping-consolidation around $17,000 was also telling. Bitcoin had significant price levels it should have cleared out at $15,000 and(or) $12,000 if a bullish accumulation was to be identified. The fact that the market makers left this range of a gap and then bounced it back to sweep the August '22 highs tells me that we're going up, for the ultimate purpose of going down, forever. Weekly bars show us this $25,250 sweep of the August highs and scissor bar pivot is now concrete. The top of the bullish order block, which is composed from monthly bars, also happens to be right where the daily pivots where sell stops sit under resides. A clever arrangement by the MMs, indeed. This is a really noticeable area, and gives you a nice short from $23,000 if you can keep the leverage low and fade the weekend chaos, and an even better place to go for a long. Think about it, when the market sees prices that are $19xxx again, everyone is going to "have confirmation" that "we're going down" because Tether, because Binance, because Nexo, Because Silvergate Bank, because Signature Bank New York, because Circle, because Elvis. You know, all the things you hear from the effete leftists on Twitter and Reddit will appear to be finally coming true. But they aren't. It's too early for that. Really, just because the overarching narrative is highly bearish. In equities everyone is expecting a 3,300 point SPX this early in the year, more or less just because the Federal Reserve is going to hike interest rates for a few more months. Also "because channel." This so-called "technical analysis" stuff gives a lot of convincing ways to lose money. You're dealing with a psychological "story" on the markets at large, both bearish and bullish, that doesn't make a lot of sense. So what I propose is about to happen is that the MMs will sweep the $20,000 level and you might see a number as good as $18xxx. This will get longs to capitulate and trap a lot of bears who go hard leveraged short. I expect the bounce to unfold around the second half of March. After that, the target is $34,000, which is a healthy sweep of the $32,000 level, determined by monthly bars. I expect this to manifest around June or July. This gives you an 83% trade long with a time horizon to manifest of only a few months. The key thing is, you need to sell, and never go long on Bitcoin or digital currencies again, if you see this unfold. What comes next are widespread market crashes that come from the Fed cutting off fiat banks from crypto transactions and the U.S. Treasury putting the boots to every single stablecoin, which also means that Tether will finally be taken down by the DOJ. First comes $15,000, then $12,000, then $9,000. This time, you might not see a bounce from $9,000 for a few months, and when you get one, you'll only get fleeting sweeps over $10,000. This is the situation. Everything comes to its fated end, including the Universe whose air you're relying on to breathe right now, so it's foolish to think that Bitcoin is any different, and it's foolish to think that the "new paradigm" of $25,000+ BTC was going to last. Seriously, you can buy a pretty nice car for $25,000 USD. Why would anyone who lives in the real world trade that much money for "1 BTC" that only exists as a digit on a wallet app? This is only what the people who are trapped on Reddit and Discord and aren't working real jobs in the real world with healthy mainstream people believe to be true. Everyone who lives in reality thinks digital currency is total vaporware. If the public is going to be interested in digital currency, it's going to be because it has the backing of the Fed, the Treasury, and all the corporations that Blackrock, Vanguard, JP Morgan, Citibank, Bank of America, Wells Fargo, etc, happen to have significant ownership of. So, you get a trade. Very short term, the target is bulls. Short term, the target is bears. Medium term, bears are going to get liquidated, and hard. Once everyone is bullish again, that's when the guillotine drops.
by LordWrymouth
6
✴️ Bitcoin Cash Next Target Mapped Series ($180 - $213 Next)Bitcoin Cash is looking good and we have two targets for this one. The first stop should happen relatively fast and that's around $180. The last target for this wave can happen around $213. Now, this is just the potential target and these markets are "unpredictable" or hard to predict. One can always predict the direction with a very high level of accuracy but it is hard to predict timing and exact targets. You can use these levels as reference points. This information is not to be construed as financial advice. I am sharing my opinion, views and experience with you with good intentions. Remember that there is always risk involved when trading. Make sure to do your own research and plan ahead of time. I am wishing you great luck, huge success, wealth & health. You deserve the best, now & always. Your support is highly appreciated. Namaste.
Long
by MasterAnanda
1
BCHUSDTHello Dear friends Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern. To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range. If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened. We would be happy to hear your comments
Long
by FiboTech
#BCHUSD - Consolidation has Finished, Now Let's Pump!#BitcoinCash has clearly finished it's consolidation phase for the last part of 2022 going into the start of 2023, with a huge Long trade breaking several smaller resistance levels. Now we're looking for #BCH to bust through one final level of resistance and give us another massive trade of up to 80% If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ Crypto Tipster v2 by theCrypster
KRAKEN:BCHUSDLong
by theCrypster
9
Intrigued by BCH HereFinding myself intrigued by Bitcoin Cash. We recently hit bottom a 2nd time and have thus far begun moving up, breaking out of a small falling wedge (on the non-log daily chart, the logarithmic weekly chart is what is pictured above, but it still has the wedge and targets from the daily non-log chart). Why am I intrigued, outside of a potential double bottom? Bitcoin Cash was a fork of the original Bitcoin code, meaning original adopters and/or owners of Bitcoin at the time received an equivalent amount of Bitcoin Cash. Many of them were made wealthy from Bitcoin. It would seem to me, if I were in their position - I would have a vested interest in seeing Bitcoin Cash make a comeback, if even just briefly enough to make some returns on an essentially free investment. On the chart - interim daily falling wedge targets, boith still under $200. For weekly / long-term - get through and hold above the first red resistance area to make it to the next one above it - that happens, the double-bottom comes into play.
COINBASE:BCHUSDLong
by dudebruhwhoa
6