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BCHUSDT trade ideas

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
BCH/USDT SHORT 4HHello, traders! I present you with an interesting short trade opportunity for the asset. Through a detailed technical analysis, I have identified a series of bearish signals that suggest a potential downward movement in the short term. 💡Mi Vision de una IDEA DE TRADE BingX💡 BCH/USDT 4H Alto Riesgo Según mi análisis; Entrando por debajo del 0.618 Stop Loss de 1.74%, primer objetivo el 0.382 segundo objetivo siendo muy optimistas al maximo bajo anterior, al tener aún fuerza bajista en gráfico diario este impulso por mucho llegaría al 0,666 ( no es numero fibo )que también concuerda con la media de 55 en 4H y la media de 20 en 12H y esto para seguir callendo
Short
by alvarogalvan23
BCH price in slow declineHi guys, let's review the current situation for BCHUSDT on 1D price chart. The price of BCH stuck in $50-60 price range for almost a year. On 1D timeframe we can see that there is a descending triangle on the chart and there is no signs that price can go up. Descending triangle is a bearish pattern and I don't expect that the price of BCH will go higher than $120-$125. Most likely within next few months we'll see price testing support line at $97. It might go even lower than that. Overall I'm quite bearish on BCH. If this post is useful to you, you can support me with like/boost and advice in comments. Many thanks.
Short
by Real_CryptoRoy
9
BCH/USDT Maximize Potential with Trend Line, RSI Divergence💎 BCH/USDT has been closely following a trend line, indicating a consistent pattern of price movements. As the trend line breaks, it triggers a wave of bullish momentum and the price of BCH/USDT to new heights 💎 Relative Strength Index (RSI) is showing a bullish divergence, signaling a potential shift in momentum. 💎 Combining the trend line and the RSI bullish divergence, it suggests that there may be an upward price movement on the horizon for BCH/USDT. Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
Long
by MyCryptoParadise_Simon
1
✴️ Bitcoin Cash Starts To Recover Slowly... 212 Possible?This is the third day that Bitcoin Cash is going green. There is no surprise here, the NDX broke a 7 months long resistance, the SPX is set to follow, Bitcoin is really strong. We are seeing bullishness all across... I've been posting since 22-May, because we had a long and boring consolidation phase. What we are seeing now, is the resumption of the initial bullish phase. Today BCHUSDT moves above EMA10 which is good for the bulls... Anything above 105 is strongly bullish with the targets being 125, 134, 148 and 200+. We have to wait and see of course but as confirmation comes in, all doubt is gone. Next month we should see fireworks... We will see how it all goes. Make the most out of this bullish wave because after it, there will be blood. This might be the last jump in 2023 and then a full blown bull-market in 2024. Namaste.
Long
by MasterAnanda
1
⚡️BCHUSDT analytical review⚡️Medium-term, the instrument is in a downtrend 📉. The current market strength on a scale of zero to one hundred is 37. Selling 🔽 is recommended. Locally, the price has also formed a downtrend channel and is currently trading within it. The lower channel boundary is at level 110.4, and the upper boundary is at level 115.9. Considering both local and global trends, it is currently more likely to see a continuation of the downtrend both speculatively and in the medium term. Short positions 🔽 may be opened on a break below and confirmation below level 110.4, as well as on a rebound from level 115.9. A breakout and confirmation above the upper boundary 115.9 could break the current local trend, and in this case, speculative buying 🔼 may be possible. If the price continues to rise and consolidates above level 119.9, it may indicate a break of the medium-term downtrend.
by FinTechMe
1
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
LONG BCHUSDT 15.05.23 {ENGLISH}1H: Spike (bulls) MA CROSS uptrend (bulls) Range breakdown with high Volume (bulls) Bearish divergence a/d (bears) Bearish divergence rsi (bears) Bearish divergence volume (bears) There are reversal signals that suggest an even greater drop in price, therefore, the purchase is shifted significantly lower (where most stop-losses are likely to be eliminated) Order book: neutral Fear and Greed Index: 50 (neutral) Overall mood: bullish Reason for opening a deal: Excellent profit-to-risk ratio. This happens seldom) Instructions for action: Cancel a position after one close under a spike Trading Strategy: Buy: 116.2 Stop-loss: 115.8 (-0.34%) Take-profit: 122.8 (+5.68%) Profit/risk: 16.7
Long
by Wolf_Top_Crypto
BCH/USDT re-testing the resistanceHey guys 👋 BCH/USDT looking for DCA here! With re-test going on we see that on bigger picture we haven't touched the support zone with last drop we se are looking for another drop to happen here soon. Best way to secure most profits here and ensure the best entry is DCA as we have several more zones which might be tested before the fall! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
14
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
BCHUSDT SELLThe decision to short BCH/USDT was driven by the identification of a resistance level in the market. Resistance refers to a price level at which selling pressure outweighs buying pressure, potentially leading to a price reversal or consolidation. Here's a summary of why shorting BCH/USDT was considered a strategic move: Resistance Level: Through technical analysis, a significant resistance level was observed in the BCH/USDT market. This level represents a potential barrier for further upward price movement, suggesting a possible price correction or consolidation. Profit Potential: By shorting BCH/USDT at the resistance level, traders aim to profit from the anticipated price decline. Selling at resistance allows for selling at a higher price before a potential market reversal, maximizing potential profits. Risk Management: Shorting BCH/USDT provides an opportunity to manage risk effectively. By entering a short position, traders can set stop-loss orders above the resistance level to protect against unexpected price surges and limit potential losses. Technical Analysis: The decision to short BCH/USDT was based on comprehensive technical analysis, which may have included indicators, chart patterns, and historical price data. These tools assist in identifying key levels and potential price movements. Market Observation: By monitoring the market closely, the resistance level was identified as a significant point at which selling pressure could potentially outweigh buying pressure. This observation indicates a higher probability of a price reversal or consolidation. It's essential to note that trading involves inherent risks, and decisions should be made based on thorough analysis, risk management strategies, and individual trading preferences.
Short
by marketmkr_
BCH: is useable?Disclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
by TraderBibres2003
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