BCH continuationA break above the latest area of supply from 220-250$ would confirm a potential move towards 300$. On the other hand, if price contines to respect 220$ and close below it, BCH can continue to drop towards 180$ and even lower.
BCHUSD.P trade ideas
Bitcoin Cash AccumulationBitcoin Cash Accumulation broke below the zero line in June 2022 and consolidated around there for 6 months. BCH/USD Accumulation broke above the zero line in January 2023 and consolidated around there for 6 months. Now, after 12 long months, BCH/USD Accumulation jumped to the + 1 million Accumulation line over the past few days. Based on this BCH/USD Accumulation my long term price targets are in a wide range from 239 - 619 based on BCH/USD price discovery history angle of trajectory. I think it's likely 239 will act as resistance until it becomes support afterwards.
BCH looks Strong here Break of the wedge soon Scalp BCH appears to be gaining strength, and a breakout from the wedge pattern might be imminent. 🚀 If you're looking for a short-term opportunity, consider a scalp trade here
$BCH! After filling the fair value gap 226$ regained its previous monthly low resistance, which is a notable move.
This could potentially indicate a shift in sentiment and strength.
1. NYSE:BCH seems to be forming a falling wedge pattern. Falling wedges are often considered bullish reversal patterns, suggesting that despite the name, they can lead to upward price movements.
2.📊 Detected RSI divergence on the 4-hour (4TF) chart for $BCH! 🚀 This divergence could indicate a significant shift in momentum and potential price movement.
3. 📊 Notable increase in trading volume for $BCH! 🚀 Strong volume often accompanies significant price movements, indicating increased market participation and potential momentum.
Stay mindful of your entry and exit points, set stop-loss orders, and allocate only what you can afford to risk. 📊💼 #RiskManagement #LongPosition #SmartTrading #PreservingCapital
With Sellers Back In The Ring, Will Bitcoin Cash Cross $300?
Falling Channel Pattern: Extensive selling pressure above $300 led to a falling trend, taking support at the 50-day EMA and 23.60% Fibonacci level, dropping to $220.
Bullish Flag Pattern: The correction phase is seen as part of a bullish flag pattern, following a 200% jump in late June, signaling a potential uptrend beyond $300.
6.63% Jump on 7th August: This jump, along with bullish confluence at the 23.60% Fibonacci level and 50-day EMA, projected a potential breakout, but higher price rejection prolonged the bear trend.
1.70% Fall and Morning Star Pattern: A fall followed by a couple of Doji formations leads to a morning star pattern, teasing a potential drop to $210.
Positive Technical Indicators: Despite the bearish signs, the MACD indicator is preparing for a bullish crossover, and the RSI line shows an uptick, predicting a positive outlook for August.
Potential New Bull Cycle: A daily candle closing above the falling channel could signal a new bull cycle, possibly challenging the previous swing high of $307.
Risk of Downfall to $200: A continuation of the current downfall could test the bullish dominance at the psychological mark of $200, posing a risk to the upward momentum.
time to Long Scalp BCH
🚀📈 Ready for a Long Scalp move on $BCH! Charts aligned, strategy set – let's ride the wave to potential profits! 🌊💰 #BCHLongScalp #CryptoTrading #ProfitOpportunity
✴️ Bitcoin Cash, End Of Correction? I Read The Comments!Someone asked in the comments about Bitcoin Cash, an update...
Bitcoin Cash (BCHUSD)
We are looking at the daily timeframe.
BCHUSD moved below 0.382 Fib. retracement and bounced before reaching 0.5 Fib., now moving back above 0.382, thus a bullish signal.
Today's session is really strong.
Closing above $236 can signal that BCHUSD is ready to resume growing. This stays true above $220.
Yes, Bitcoin Cash can resume growing.
That's my opinion/view.
It peaked 30-June, over a month of correction and the levels hit is more than enough.
If this changes, the charts are always changing, you need to define your own risk and stop levels but I wouldn't be surprised to see it go up.
Note: Candle close is needed for confirmation above $236.
The candle closes in 1 hour.
Do your own research.
I hope this answer your questions.
Thanks a lot for your comments and support.
Thanks a lot for the follow.
Namaste.
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BCHUSDTHello Traders,
Short BCHUSDT as we can see in the chart clearly it is making the triple bottom and it suceesfully re-tested the resistence and now we can see a this to touch lower support.
BCHUSD CONTINUATIONA break below 230$ with a proper closure at that level can make price melt towards 200-180$. On the other hand, if price manages to retest the latest supply at 240$-260$ and confirm that sell orders are no longer the dominant part, we can easily see buys towards 320$ once price breaks and closes above 260$.
Bullish Flag in BCH price action, Will it reach $400?BCH coin price is resisting the trendline in the 4-hour chart, struggling to sustain above the $250 level, indicating underlying solid bullish sentiment.
At the time of writing, the BCH coin price shows higher price rejection in the daily candle, hinting at a negative cycle in the falling channel pattern.
Bitcoin Cash price could regain bullish momentum at $228 or the 61.80% Fibonacci level.
A daily candle closing above the falling channel could signal a new bull cycle, potentially challenging the previous swing high of $307.
On an optimistic note, the BCH price rally could exceed the $307 mark to challenge the 1.618 Fibonacci level at $435.
The MACD indicator is preparing for a bullish crossover in the daily chart, and the RSI line is displaying an uptick from the halfway line, suggesting a positive outlook for Bitcoin Cash in August.
On the bearish side, if the BCH coin price falls below $228, it could plunge to $200.
BCH CONTINUATIONA break below 230$ can easily push price towards 200-180$. From there, price has higher chances of moving upwards towards 340$ and even higher. On the other hand, a break above 290$ already can prush price above 300$, but only a closure above that level can confirm a bullish continuation towards 340$.
BCHUSD (4H) - Bearish breakoutHi Traders
BCHUSD (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 231.60 support level. Only the upward break of 255.70 would cancel the bearish scenario.
Trade details
Entry: 231.60
Stop loss: 255.70
Take profit 1: 217.00
Take profit 2: 193.00
Score: 7
Strategy: Bearish breakout
Almost that time again I’m going to wait for price to drop down to the last major support and 61.8-78-6 fib levels. Price will most likely reach 78.6 and that’s where I expect to see a reversal followed by a major upside move.
BCHUSD - Bearish TrendBCHUSD is showing a clear bearish trend with consecutive lower lows (LL) and lower highs (LH), making it an opportune moment to consider using the Fibonacci Retracement tool for potential entry point.
✴️ Why BCH Ultra Bullish Supports Altcoinseason (BTC, XRP & ...)Within 20 days Bitcoin Cash grew from a low of $90 to a peak of $328, a massive 261%.
The peak happened 30-June and from this date through 10-July, Bitcoin Cash hit a low of $231 or a 30% correction.
Now, this is ultra-bullishness.
20 days BCH grows by 260%, 18 days and the current price still trades above the 0.382 Fib. retracement level for the current bullish wave.
After such strong growth we normally see corrections and retraces move down fast to 0.618 Fib. ($179 in this case) or even lower, 0.786 Fib. ($138).
This is why Bitcoin Cash is super bullish, because its price continues super strong even after massive growth. No sellers around, people are ready to hold.
It is the same that is happening with Bitcoin and XRP.
Bitcoin continues sideways for an entire month now above $30K.
Then Ripple's XRP continues holding high with minimum retrace.
As this is happening, people not selling, deciding to hold... The rest of the Altcoins market continues to break up 2, 3 digits on and on...
This correction/bullish consolidation can extend but do not be surprised if you see another sudden price jump.
This will happen for the big Altcoins all at once, it will catch many people by surprise, it will be a good surprise and we are ready because we support the bullish side.
By the way, when the market becomes bearish that's exactly what I will say... I hope stones are not thrown at me when the time comes, instead we use the information to prepare and make the best decisions; take profits, secure profits and prepare to buy again when we hit support.
The market moves in waves, up and down, up and down... The cycles are the same but based on longer durations... My job is to alert before things happen; translating the charts.
Namaste.
BCHUSD (4H) - Bullish reversalHi Traders
BCHUSD (4H Timeframe)
Waiting for the upward break of 255.60 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 237.30 would cancel the bullish scenario.
Trade details
Entry: 255.60
Stop loss: 237.30
Take profit 1: 266.30
Take profit 2: 284.10
Score: 8
Strategy: Bullish reversal
BCH BitcoinCash Bullish longBitcoin Cash (BCH) soars in value thanks to surge in crypto trading volume in South Korea
Bitcoin Cash (BCH) has seen a significant surge in value, crossing the $300 mark, fuelled by rising crypto trading volumes in South Korea.
The BCH/KRW exchange pair listed on Upbit, one of South Korea’s largest digital asset exchanges, saw a trading volume of $557.63 million in the last 24 hours.
This volume is nearly 3.5 times greater than the BTC/KRW pair on Upbit and 5.5 times greater than the BCH/USD volume on Coinbase, a Nasdaq-listed exchange.
However
the recent BCH rally may be driven by speculative motivations rather than underlying fundamentals.
Strategy Bullish
3Lots
2 Lots will be excecuted at Profit Target Zones
1Lot will follow the Trend
It will be only!!! excecuted ,if Bullish Trend changes
The stops will be delivered as soon as possible to break even,better some pips above the Buyinh price
I have marked my profit targets
Psychology:
1:The price is always right
2The Market is alwas right
3 The Chart is always right
4 IGNORE THE NEWS; Plan your trades and trade your plan.
5Drawdowns are partof the game
6 Risk management and money mangement is King!
7 wHATEVER HAPPENS;sTICK TO YOUR PLAN!
8 In a bear market no price is weak enough
9 In a bull market no price is strong enough
10 Patience !Wait for confirmation: Control emotions and tensions.
BCHUSD CONTINUATIONThis is the continuation of my previous idea regarding BCH sells from 270 towards 235 and 200 in the near future. Stay tuned for what's yet to come!
$BCH Ready for next move upI’ve been watching SET:BCH closely and it has become extremely bullish but also people are HODLing harder than ever.
There is a noticeable decrease in selling pressure after the 250% gains, and I believe we are primed for an increase in buying pressure and volume.
Fibs will show levels SET:BCH can touch, although, it is holding very strong so it may never see them. I have ghost candles showing my prediction with a move upwards towards $420.
NFA, DYOR
HELPME.CASH
TWITTER.COM/AYYFEZZ
Shorting the 76 parabolicLast addition to the crypto short portfolio. If we establish downtrends and I can trail stops into even I'll add to my positions, keep moving stops to even and then try to bulk up with no extra risk is conditions are suitable. If not, I'll get pinged on the swing trades and reassess my plans.
