BITCOIN CASH BOOMLets take a quick look at the BTC pair in LOG SCALE:
Consider this to be pornographic chart content
BCH is gonna finish a 5+ year long falling wedge after hitting exactly 2.618 fib level
Once this break out, its gone with a BOOM !
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Bchusdt
🔄💱 BCH Trade Plan! 💱🔄📊 Analysis:
Support Retracement: Bitcoin Cash (BCH) has undergone two substantial upward waves, followed by a retracement to a key support area.
Entry Range: Consider entering the trade around $500, aligning with the current support level.
Profit Targets: Aim for profits at $630 or $750, potential resistance levels.
Risk Management: Set a stop-loss based on daily closing prices, just below $445, to mitigate potential losses.
📈 Trading Strategy:
Entry: Initiate a long position near the identified support level of $500.
Targets: Take profits at the specified resistance levels of $630 or $750.
Risk Control: Implement the provided stop-loss to manage downside risk, ensuring capital preservation.
🚨 Note: Stay informed and adapt your strategy as market dynamics evolve! 📊🔍 #BCH #TradingPlan #CryptoAnalysis 🌟📈
BCH/USDT it shows bounce from this level and potential upward!💎 Paradisers, the recent market dynamics surrounding #BCH have indeed been noteworthy. With a bounce from the demand area, there's momentum for BCH to continue its upward movement.
💎 A valid bounce from this area could signal a return to upward momentum, potentially leading to a back test of our target strong resistance area.
💎 However, if BCH fails to bounce from the demand area and instead breaks below it, this could signify a negative momentum shift, leading to continued downward movement towards the support area.
💎 BCH must bounce from the support area and reclaim price above the demand if it intends to sustain its upward movement. Failure to do so, with a breakdown below the support, could lead to further downward movement.
MyCryptoParadise
iFeel the success🌴
BCH/USDT Trading ScenarioAfter a successful accumulation phase, BCH experienced significant growth in June 2023, rising from $90.6 to $330.1, representing an increase of over 267%. This was followed by a new accumulation phase, with the subsequent resumption of an upward trend.
BCH has reached the trendline twice, which serves as support. The volume profile confirms the stability of the current upward movement, as market participants continue to move up along the trend.
Currently, the BCH’s price has decreased by more than 40% from its last peak. The POC level could represent an attractive entry point. However, the possibility of continued decline towards the trendline should also be considered, where maintaining the trend may offer even more beneficial entry points for the BCH purchase.
LTCN Following BCHG, Dont Get Shaken Out Here!I just wanted to point out where I believe we are in the LTCN cycle. BCHG seems to have front run LTCN in this cycle. BCHG broke through the .786 and corrected perfectly down to touch the .7 LTCN is correcting are the .618 where BCHG didnt. So what I see is LTCN is going to break the .786 at $132 spike up to $160 and then come back down to the .7 at $84 before a straight shot up to all time high. Dont get shaken out here right before the massive parabolic rally in cryptos and crypto stocks.
Also something to note is the STOCH RSI and RSI look much more bullish on the LTCN chart where the BCHG chart looks a little more toppy and corrective.
Not financial advice just my opinion. Thank you
Bitcoin Cash crushing all resistanceHi everyone,
Bitcoin Cash price increased on 100% on this week and has reached 475 - 530 resistance area.
Bitcoin Cash didn't notice 380 - 420 resistance area but now this area might serve as support and BCH price can consolidate there before another pump.
In case if BCH price continues to pump it can reach 700 resistance level and afterwards retrace to 475 - 530 area.
If we look at the history usually BCH price doesn't pump for more than two straight weeks, so I guess that soon we can see some correction and probably consolidation before next pump.
I don't expect BCH price dropping much lower than 380 price level unless there will be strong correction on Bitcoin.
Please, do not forget to boost this idea & share it with your friends; thanks.
BCHUSDT 1W Where to sell Bitcoin Cash if the growth startsToday, we want to focus your attention on the global and maximum chart of the BCHUSDT trading pair
In August 2017, it was "a very hot summer": the alt season was in full swing, and there was also a BTC fork, as a result of which Bitcoin holders received free BCH 1:1. The same manipulation took place after during the fork of Bitcoin Gold - another sad fork coin.
After the fork, the BCHUSDT price soared to $4200-4400 on various exchanges.
And then the success story of BCH disappeared.
At the time when BTC during 2019-2021 was able to increase in price 20 times, the price of BCH could not even rise to half of the ATH indicator.
On November 15, 2018, the Bitcoin Cash blockchain was split (hard fork) into two branches — BCHABC and BCHSV.
There is also a lot of controversial information surrounding one of the biggest supporters and the organizer of the BCH fork - Roger Ver
In a word, we bypass such projects and do not trade it.
Now, about the chart
The 13th week of red candles and an uncorrected fall in the BCH price continues.
There is not much left to the absolute price minimum, in the area of $75.
We cannot recommend the purchase of this asset. At the moment, there are many different interesting projects for investment
If a miracle happens on the market and the price of BCHUSD does turn upwards , then on the graph we have shown where it would be good to sell off your BCH.
Here, each individual has to look at his deposit where he bought BCH and where it is profitable for him to sell.
Levels from above for sales: $250, $350, $550. The most positive and still weakly realistic forecast for the growth of the Bitcoin Cash price is $900
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
BCH/USDT bullish reversal from key support? 👀 🚀BCH analysis💎 Paradisers, brace yourselves for a thrilling trading expedition with #BCHUSDT, currently anchored at a critical support area, signaling a potential shift in market dynamics.
💎 Its breakout from a downward trendline heralds a promising path ahead for #BITCOINCASH, igniting a bullish momentum poised for an upward journey. Should this vigor continue, we anticipate challenging the $535.7 resistance zone as our forthcoming milestone.
💎 Should the momentum of SET:BCH show signs of diminishing, we're set to observe a robust recovery attempt from the crucial support mark at $229. However, slipping past this vital line may denote the start of a more decisive bearish phase, emphasizing the need for vigilance in the evolving market landscape.
#BCHIn time D1, after a three-wave correction and by making a rectangular pattern and exiting the density of the trading range, the next targets indicated in the chart will be available if it stabilizes above $250. Therefore, to continue the upward trend, it must penetrate above $250, otherwise the break will occur from below and will touch the range of $187 to $200.
BCH: Resistance BreakoutTrade setup : Bullish break above $500 resistance signals continuation of uptrend, with +20% potential upside to $600 next. The $500 level was where price got rejected in early March, hence, that’s a key level. Stop Loss (SL) level at $460.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $400, then $300. The nearest Resistance Zone is $500, which it broke, then $600.
Bitcoin Cash Surges in March, Eyes $750 But Faces ResistanceBitcoin Cash (BCH) has been on a tear this month, rallying from $231 in February to currently trading at $542. This impressive surge of over 130% has positioned BCH at a critical juncture.
The current resistance point for BCH sits at $542 . If bulls can muster the strength to push through this barrier, analysts predict a potential surge towards $750 or even $815.
However, a failure to breach the $542 resistance could trigger a pullback, potentially bringing BCH back down to the $400 support level . This scenario would indicate a short-term correction before another attempt to break through the resistance.
Cryptolean Bitcoin Cash BCH UpdateBitcoin Cash is moving strongly bullish and trying to break through the key resistance zone of $471-$488.
A bullish break-out and a daily candle closure above $488 will lead to re-test of $528 and a strong bullish move towards $600.
An inability to sustain the price action above $471-$488 will lead to a dip to $435.
BCH: Bullish PennantTrade setup : Bullish breakout from a Bullish Pennant pattern, in the direction of the existing Uptrend. Price could revisit $500 for +10% upside potential or higher. Stop Loss (SL) level at $415.
Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $300. The nearest Resistance Zone is $500, then $650.
#BCH/USDT LONG#BCH
We have a strong ascending symmetrical triangle and inside it another ascending triangle that has been positively broken upwards.
Currently the upper boundary of the triangle has been broken.
Expected growth of the pair with correction before completing the ascent
Price Now 248.50
First Goal 278.40
Second Goal 325.90
We have oversold on MACD.
And a strong upward trend
Cryptolean Bitcoin Cash BCH Update Bitcoin Cash is trying to reverse from the daily support zone of $377-$395.
A bullish reversal from this support zone will result in a move to re-test $435-$451.
A bearish break-out of $377-$395 will push BCH price lower towards $341.
Intraday Chart
The BCHUSDT 4-Hour chart is trying to escape bearish zone and get back to above $389.
A bearish rejection of $389 will lead to Bitcoin Cash price declining to $303-$327, the key intraday support zone, however on the way to this zone BCH will have to deal with $361 support.
A bullish break-out of $389 will push price to re-test $442, however the price action may be slow and choppy.
Support once read!
Thank you.
🚀 BitcoinCash (BCHUSD: Long-term bullish triangle◉ Preferred count
● COINBASE:BCHUSD ,🕐TF: 1D
🔮Forecast from 01/24/2022; Fig.1
● COINBASE:BCHUSD ,🕐TF: 1D
🔮 Forecast from 06/21/2023; Fig.2
● COINBASE:BCHUSD ,🕐TF: 1D
🔮 Forecast from 03/05/2024; Fig.3
The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 .
Inside the triangle, subwaves (A) , (B) and (C) have already been completed, and then subwave (B) develops. At the end of the sub-wave (D) , I plan to shorten part of the long position, because there is a possibility of exiting the sideways pattern downwards (see Alt.).
______________________
● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 03.11.2023; Fig.4
● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 02/28/2024; Fig.5
● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 03/05/2024; Fig.6
At the beginning of 2023 there were options for a minor update of the low of 86.80 , but we focused on the bullish counting.
Last November, signals appeared in favor of a triangle in wave (b) of ((i)) (Fig. 4). As you can see, the forecast worked almost perfectly. Yes, the formation of wave (c) of ((i)) in one form or another can continue, but most of the upward movement is most likely already behind. We are preparing for the beginning of the correction in wave ((ii)) .
______________________
◉ Loc. Alternative count
● COINBASE:BCHUSD ,🕐TF: 8h
🔮Forecast from 01/24/2024; Fig.7
● BINANCE:BCHUSD ,🕐TF: 8h
🔮Forecast from 03/05/2024; Fig.8
There was an alternative, but it was co-directed with the preferred wave scenario.
Based on the depth and shape of the downward correction, we will look at which marking option is most likely.
______________________
◉ Alternative count
● COINBASE:BCHUSD ,🕐TF: 2D
🔮Forecast from 03/05/2024; Fig.9
There is not enough historical data to speak with confidence about a bullish pattern. It is quite possible that the triangle is a wave (X) inside a double downward zigzag.
With an eye on the negative scenario, I plan to partially exit the long position if there is a completed zigzag C of (X) .
BCHUSDTHello, dear friends
2024 is definitely an exciting year for crypto. I hope you stay (:
We see one of the attractive currencies. Considering the use of the resistance range of $274, we expect the price to grow up to the specified range.
The price area of $251 and $226.5 are our low risk areas
What do you think?