Ascending Triangle PatternThis is a bullish pattern usually. We will see how it plays out. Could coincide with CashTokens upgrade that happened on May 15th.
BCHBTC trade ideas
BCH/BTC - Bitcoin Cash: ◳◱ Technical analysis to be included soon, stay tuned!
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 29
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00434 ₿
▣ 24HVol: 41.511 ₿
▣ 24H Chng: 4.327%
▣ 7-Days Chng: -5.00%
▣ 1-Month Chng: -11.37%
▣ 3-Months Chng: -8.46%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00423 | 0.00437 | 0.00463
◢ Support: 0.00397 | 0.00385 | 0.00359
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.56
▣ Last 90D: -0.31
▣ Last 1-Y: -0.31
▣ Last 3-Y: 0.27
◲◰ Volatility :
▣ Last 30D: 0.54
▣ Last 90D: 0.59
▣ Last 1-Y: 0.76
▣ Last 3-Y: 1.02
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth BCHBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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✳️ Bitcoin Cash vs BTC | The AltCOINS RaceThis was going to be in the fast ALTSBTC series but the signals are not as strong, which actually means that it is still early.
We have a perfect ABC correction that went beyond 0.786 Fib. retracement. In English, this is positive.
Today alone BCHBTC breaks EMA21 and challenging EMA50, the signal only confirms when the day closes.
A strong RSI at support is a very strong bullish signal...
And well, the rest of the ALTSBTC pairs are growing by leaps and bounds... This one is set to join the race.
Something like Coinraces .
Namaste.
Another Reason to look at BCHFalling wedge broke out a good while back but has yet to make a strong move up towards measured targets, as shown above on the 3 day chart.
Also:
- The long sideways movement is typical of accumulation prior to a stronger move.
- MACD has been diverging the entire way down,
- RSI has been diverging as well, and more recently stronger divergence.
Hitting both targets would provide nearly 1100% gains vs. Bitcoin from current price if this plays out:
Related idea here:
#BCHBTC - Large Triangle Closing - Still Room to Trade!We can see this clearly defined symmetrical triangle acting as both support and resistance for #BCH coming to an end pretty soon - but there's still time for another trade!
Coming off a healthy Short trade into a touch of confusion followed by our current Buy signal from CTv2, there's room in this wedge for another 10% Long trade. What do you guys think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
✳️ Bitcoin Cash Ascending Channel |Altcoins vs Bitcoin ExplainedIt is hard to imagine altcoins vs bitcoin pairs growing together with bitcoin but this is something that happens in every single bullish cycle.
They might not grow together on the same dates, but they alternate between bitcoin and altcoins and end up growing nonetheless.
We would assume that when bitcoin grows the altcoins vs bitcoin pairs are bound to drop but here we can see BCHBTC hitting a low in July 2022.
This is the same date when most altcoins vs tether as well as bitcoin hit a low.
Most of the market hit a low between May and July 2022, most of them on June 2022.
While bitcoin went on to hit a lower low in November, this didn't happen to Bitcoin Cash vs bitcoin and others ALTSBTC pairs, and in this way when we zoom out and look at the bigger picture, we will end up with both sections growing.
When bitcoin moves down for a retrace or goes sideways to consolidate, the altcoins will move up with massive force and retrace when bitcoin moves ahead.
This dynamic repeats until the end of the bull cycle takes place.
The trick is to be patience and trust that regardless of what is happening in the short-term, the long-term will end up with higher highs and higher lows.
Namaste.
✳️ Bitcoin Cash vs Bitcoin | Maximize Earnings PotentialHere we have Bitcoin Cash and an uptrend has already been set.
As many people say, all that is left is to follow the trend.
We can easily see 40% growth on the next bullish wave.
If you use bitcoin to buy BCHBTC and bitcoin grows, you do not lose out on anything...You get to earn from both, BCH and BTCs growth.
That's the beauty of the Altcoins vs Bitcoin pairs when both together rise in price... Your bitcoins are multiplied and at the same time these bitcoins value also rise.
Win-win-win.
For this, you need to trade/buy using BTC.
Namaste.
The Bitcoin Cash bull runThe falling wedge retest is complete, now Bitcoin Cash can finally start its bull run.
Long entry: 6200 sats
Take profit: between 1 / 1.2 btc
This is my personal opinion and this is not a financial advice! Good trading!
BCH to flippen 1/2 of BTCWhy use BTC other than a piece of history archive, I have no idea. Lightning network still takes 18 months. Can BCH potentially get a share of BTC while its down?
Bitcoin Cash Circle Fib Golden RatioPresented here is a circle Fibonacci illustration for Bitcoin Cash. As shown, you can see how the circle fib lines up perfectly with the 1.618 golden Fibonacci level for Bitcoin Cash against Bitcoin. I hope you enjoy my content.
Bitcoin Cash To Grow Strong (70% Mapped Short-Term)We have Bitcoin Cash starting to wake up...
We are looking at the BCHBTC pair.
We have this descending channel which is very likely to break soon but still holding.
Today we have a new All-Time Low followed by a recovery while prices lurk above EMA10.
I believe we already looked at the bullish divergence with the MACD and RSI...
Once we reach bottom... What follows is UP!
Bitcoin Cash Ready To Grow!
Namaste.
Bitcoin Cash Descending Channel, New ATLBitcoin Cash vs Bitcoin (BCHBTC) just hit a new All-Time Low while trading within a descending channel.
We believe that this new low will work as support and can lead to a trend reversal.
The last low at 0.005210 should work as the stop-loss.
A full candle close below this level and the above analysis is invalidated.
Trading above this level opens the door for growth (green arrow).
Stay patient.
The cryptocurrency market will recover.
Bitcoin is also preparing to grow.
Namaste.
Bitcoin Cash vs Bitcoin | Reversal Candle + All-Time LowWe have a huge reversal candle as well as an All-Time Low on the BCHBTC chart.
We love to see ATLs because this surely opens the doors for massive growth.
Once we hit bottom, the only place left to go is up.
Bitcoin Cash is ready to grow.
We are bullish on both pairs, BCHUSD and BCHBTC...
Visit the 'Related ideas' below.
Namaste.
