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BCHUSDT trade ideas

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
Weekend Crypto analysis: BCH looks set up to move into higher raKUCOIN:BCHUSDT From the weekly perspective, I think BCH is set up to move up into a much higher range. This is indicated by the candle which attacked the solid purple level 148.73, which is a weekly break level. Attacking this confirms the breakdown of that cycle, invalidating the downtrend, and confirming the likely move up into a monthly range. But first, we have some work to do. The next price target for a short or to close a long would be at the daily hold level at. 130.36, which is on the daily is the next “untested” level of resistance we will be looking to test. On the 4hr, we have alrdy hard closed the red down trend, which means we must do so on the daily. (Hard close means the bottom-side of the accumulation candle where price “opens” must close above the trend) As indicated by my yellow triangle, we must break thru and backtest the topside of this accumulation zone for us to confirm the higher range. I would argue anything within this yellow accumulation zone would be a solid long for the potential 9% move up. **this is simply my personal analysis and not intended to be financial advice** open.substack.com
Long
by Jermx64
#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
BCH/USDT possible scenario Hey 👋 Another coin on our watchlist today is going to be BCH coin. We see currently how price has rejected that upper resistance zone and might as well head towards EMAs there. We will be looking for a breakdown of EMA zones there or if we see a re-test towards resistance zone this would be an additional confirmation for us to short this coin on that level. 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
6
BCHUSDTThis is my view on BCH explained further down, but first a warning to my fellow traders out there. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Binance scammed me one 20k USDT equity on the "crash" 23rd of March... Yes, it was a coordinated scam. *** WARNING, BE AWARE, #BINANCE #KUCOIN #BYBIT - SAME OWNERS - SAME SCUMBAG SCAMMERS -- DEPOSIT AT YOUR OWN RISK. MY WARNING HAS BEEN MADE *** are you going to top up credits again and "maintenance" for 4 hours and crash the market? You did a good job covering the dusts and make it look like a 1 hour "spot-trader" affected only-maintenance. Yeah.. Right buddy. CZ, enjoy your freedom as long as it lasts. #Binance #KuCoin #ByBit ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Now to my point, what I believe is that BCH might be a major player this year, since 2017 it has been supressed. And it's a top 5 coin that has lost billions and billions of market cap, into whos pockets? BINANCE POCKETS. Personal view on BCH is that the price have ZERO volumes at this stage, no one is selling anymore, no big money atleast, only panic sellers. My approach is to HODL this coin and give it some time. There wont be a disappearing BCH, this scenario is made by BTC maxis.. 2017 Wave BCH did outperform most coins, 2020 run ALL the 2017 coins been constantly dumping for other coins (NFTS for example) This means, all the XRP, DOGE, ZCASH, QTUM, BCH, IOTA you name it - All the big players from 2017 will BE BACK! IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIT'S PUNIIIIIIIIISH TIIIIIIIIIIIIIIIIIIIIIIME - FILL MY BAGS TIME, YES BABY, DROP THE PRICE MORE IF YOU CAN ;) Ohh... It's not a suitable time for "maintenance" right? You recommended your "fellow Binancians" to sell all their assets to protect losses, and Binance words that they will refund was COMPLETELY BULLSH*IT. ----- IF YOU NEED EVIDENCE OR HAVE A LAWSUIT AGAINST BINANCE, LET ME KNOW SO I CAN SHARE THE EVIDECE ---- ------------------------ My Lawsuit will begin on Tuesday once the Swedish SEC open, since It's a red day in Sweden on Monday, It's going to happen on Tuesday. -------------------------------------------------- Filling pockets as much as I can as long as it lasts. ** THIS IS NOT A FINANCIAL ADVICE, THIS IS ONLY MY APPROACH TO THE MARKET, AND MY WARNING TO ALL FELLOW TRADERS OUT THERE ** - Avoid Chinese exchanges. Every single one of them scammed me, and Binance was the last one to steal my remaining equity on the "maintenance" 23rd of match - IF YOU NEED REFERENCE FOR MY CLAIMS, PLEASE GOOGLE IT AND DIVE DEEP TO FIND IT. BINANCE HAS ATLEAST 200+ GOOGLE OPTIMIZERS WHO REMOVES DUSTS AND VIDEOS FROM YOUTUBE. There is a specific reason a bum from Tokyo sold his appartment and took over ALL the exchanges, not by beeing fair, only by stealing and scamming their way to the top. Yes Binance, that is the truth. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TAKE CARE FELLOW TRADERS, TRADE YOUR COINS WITH A DEX EXCHANGE SO YOU ALWAYS KEEP YOUR FUNDS IN YOUR OWN WALLET. DO NOT TRUST ___ANY___ THIRD PART.
Long
by Crypapi
4