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BCHUSDT.PS trade ideas

BCH Has Formed An Inverse H&SLet's analyze BCH on the daily chart! Let’s dive 🤿 1) BCH has formed a sideways inverse H&S pattern, which is known as a reversal pattern. The neckline of the inverse H&S pattern has been broken, confirming the pattern. The target price would be $600 per BitcoinCash 🚀 2) We also have the Double Bottom pattern, which forms this way: When some buyers purchase crypto at the bottom and push the price up to the Neckline, it gets rejected by sellers. After that, the price falls again to the same bottom line. Then, another group of buyers enters and buys at the bottom, pushing the price back up to the Neckline. If buying pressure is strong enough, the Neckline will get broken. Once the Neckline is broken, sellers become worried because the momentum is changing, creating an upward trend! Currently, we are in this situation 🚀 3) And lastly, a bullish scenario for BCH is that it has broken a one-month downward trend line. This is another confirmation that we are changing momentum 🚀
Long
by odbashWizard
2
BCH, ready for another ROUND to the UPSIDE!BCH, has been consolidating at the 240ish range for a few days now. Price has been moving horizontally with thin volatility suggesting a firm support at the current levels. It's currently at the 38.6 FIB level -- a first level support for buyers. On Daily histogram (top indicator), it has recorded its first bottom-wave shift line after almost 7 weeks. Last one was on June 13. This bottom-wave shifting line usually appear as a prerequisite before a surge in prices. New bubble up volume has appeared after almost two weeks suggesting firm support of buyers at the present range. Daily higher lows has been created -- with first white light candle in sight. On monthly data, it has recorded it's 2nd net positive volume increase signifying a firm support on the intended goal direction: UPSIDE. Expect some significant price ascend from here on. Spotted at 248.0 TAYOR. Safeguard capital always.
Long
by JSAL
31
Bchusdt trading opportunityBCHUSDT is displaying a potential rounding bottom formation, suggesting the formation of a cup and handle pattern upon price testing the neckline area. Our plan involves accumulating the coin towards the immediate buyback zone while focusing on the crucial demand level, currently acting as significant support. The rounding bottom neckline is identified as a potential sell-off area, marking the beginning of a correction for the handle formation. Subsequently, breaking above the neckline will confirm the final setup target, as indicated on the chart. We welcome your feedback on our analysis. Your comments and likes are highly valued and appreciated.
by weslad
13
BCH/USDT It shows reject potential will revisit the support area💎 Paradisers, #BCH is indeed a coin worth monitoring closely. 💎 It appears that BCH faced rejection at the resistance level after attempting to break out. Based on current price action, there's potential for BCH to retest the support area around 445. If this scenario plays out, we might witness a bounce from this support level, with BCH resuming its upward trajectory and attempting to break above the resistance at 493. 💎 A successful breakout above 493 could pave the way for BCH to target the 530 area, which serves as the next significant resistance level. Breaking through this level would be crucial for BCH to sustain its upward movement and potentially reach our target supply zone area. 💎 However, if BCH fails to bounce from the support area and even breaks below it, the next target would be the support trendline. This level is critical as it represents a key support level that BCH needs to bounce from to maintain a bullish outlook. 💎 If BCH also breaks below the support trendline, there's still one more opportunity for support at the Bullish OB area around 405 - 390. A successful bounce from this area, accompanied by a reclaim of the support level, could signal a bullish momentum shift for BCH. 💎 On the contrary, if BCH breaks below the Bullish OB area, it would confirm bearish sentiment, and the bullish invalidation would be valid. In this scenario, we could expect BCH to continue its downward trajectory, potentially experiencing further dips. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
#BCH On Fire: Don't Miss Out on This Buy Trade!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
Bitcoin Cash $BCH looks primed for a leg upApart from the obvious slanted Inverse Head and Shoulders pattern ( I prefer upward-slanted-neckline inverse H&S as printing higher highs indicate strength ), BINANCE:BCHUSDT looks ready to take off - under some conditions. I have a personal rule I go buy that goes like " Every Change of Character is an inducement to trap traders unless proven otherwise ". We have broken out of the slanted Inverted H&S and broke the previous high (between the head and the right shoulder) which would count as a Change of Character (keep in mind the rule I have mentioned above). In order to avoid falling into the trap of inducement, we should wait for the price to go a bit higher to confirm a more solid ChoCh, then wait for the price to retrace back and bounce up off a demand zone / OB+ (and possibly successfully retesting the Inv. H&S neckline) making a higher low and going all the way up to break the high that caused the Change of Character, thus confirming the flip in trend. I do not have any specific targets, I have been holding NYSE:BCH for a while and I am in it for the long run but the golden pocket of Fibonacci retracements is a decent area to book some profit (or all of it). 🚨 Always manage your risk and use adequate position size.
Long
by xcitedDelirium
BCH USD 1DBitcoin Cash (BCH): Bitcoin Cash is a cryptocurrency that emerged as a spinoff of the original Bitcoin blockchain. It was created to address scalability issues and provide a more efficient electronic cash system. BCH aims to be cheaper, faster, and more scalable than Bitcoin for everyday transactions. Historical Journey: August 2017: Bitcoin Cash was officially launched and distributed to Bitcoin holders at a ratio of 1:1 (one BCH for each Bitcoin held). Similarities to Bitcoin: Shared the same blockchain until the hard fork. Total supply capped at 21 million. Differences from Bitcoin: BCH can support 25,000 transactions per block, compared to Bitcoin’s 1,000 to 1,500 transactions per block. BCH’s price experienced significant volatility: December 2017: BCH hit an all-time high of $4,355.62. Bear Market: Lost 80% of its value over the next six months. January 2021: A new bullish cycle began, driving BCH to a peak of $1,636 in May 2021. June 2021: Price fell 75% to $40. How Bitcoin Cash Works: Users send and receive BCH on the blockchain using public-key information. Miners compete to discover new blocks using proof-of-work consensus. BCH uses the same SHA-256 hashing algorithm as Bitcoin. Bull Market Comparison: If we compare Bitcoin’s bull market cycles since its halving dates, we see growth percentages from each halving. The longer the consolidation, the more explosive the markup tends to be.
Long
by martinizvorov
BCH / USDTBitcoin Cash (BCH): Bitcoin Cash is a cryptocurrency that emerged as a spinoff of the original Bitcoin blockchain. It was created to address scalability issues and provide a more efficient electronic cash system. BCH aims to be cheaper, faster, and more scalable than Bitcoin for everyday transactions. Historical Journey: August 2017: Bitcoin Cash was officially launched and distributed to Bitcoin holders at a ratio of 1:1 (one BCH for each Bitcoin held). Similarities to Bitcoin: Shared the same blockchain until the hard fork. Total supply capped at 21 million. Differences from Bitcoin: BCH can support 25,000 transactions per block, compared to Bitcoin’s 1,000 to 1,500 transactions per block. BCH’s price experienced significant volatility: December 2017: BCH hit an all-time high of $4,355.62. Bear Market: Lost 80% of its value over the next six months. January 2021: A new bullish cycle began, driving BCH to a peak of $1,636 in May 2021. June 2021: Price fell 75% to $40. How Bitcoin Cash Works: Users send and receive BCH on the blockchain using public-key information. Miners compete to discover new blocks using proof-of-work consensus. BCH uses the same SHA-256 hashing algorithm as Bitcoin. Bull Market Comparison: If we compare Bitcoin’s bull market cycles since its halving dates, we see growth percentages from each halving. The longer the consolidation, the more explosive the markup tends to be.
Long
by martinizvorov
BCH ANALYSIS (4H)From where we put the "start" on the chart, it looks like a triangle is forming. The depth of wave D is high, which strengthens the possibility of forming a triangle. It is expected that we will have a return from the green range to the red range and then the main drop will occur Closing the daily candle above the invalidation level violates the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
BCH/USDT breakout from falling wedge? 👀🚀BCH Analysis💎 Paradisers, #BCHUSDT has successfully broken out of its falling wedge pattern, indicating a probable continuation of the upward trend. 💎 We'll await a retest for confirmation before planning our trade, as a retest phase often follows a breakout and provides an excellent opportunity to verify bullish momentum. If #BITCOINCASH can maintain support at $441 and continue its upward trajectory, the next target lies in the resistance zone identified in our target range. 💎 However, if #BCH fails to sustain support and drops below the $441 area, it could signal a weakening of the bullish trend. In this scenario, the price may decline further towards the next significant support level, around $401. 💎 Historically, BCH has shown resilience by rebounding decisively from the $401 support level. If this pattern holds, a strong bounce could occur, potentially reclaiming the $441 support zone and advancing toward our intended target. 💎 Should SET:BCH struggle to rebound convincingly from $401 and exhibit declining volume, it may suggest a breakdown in bullish momentum. A decisive close below this critical support could challenge the bullish outlook, leading to a more bearish trend. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Bitcoin CashHello to dear traders, Digital currency Bitcoin Cash This digital currency, like its competitors, has also started to correct its chart. The best selling price comes after accumulating liquidity. Its probable target is the daily order block extremum. A unique selling deal could be our share. However, our main goal is another profitable order block. A unique purchase is repeated, but this time more profitable. And the next target is the main chart ceiling. # Smart money concept # Liquidity # Hunter
Short
by fereydoon1199