BCHUSDT trade ideas
Bitcoin Cash Turns Bullish Or Bearish Impulse? & BitcoinThis is a very interesting chart. I am going to assume that you are reading my other publications, and will weave some of the information shared on some of those on this one.
I mentioned how Bitcoin produced a higher high in November 2021 and then went into correction mode. This differed with many Altcoins that peaked in mid-2021 and failed to produce a higher high. Bitcoin Cash is one of those.
➖ In May 2021 BCHUSDT (Bitcoin Cash) produced an All-Time High and then started a major correction.
➖ Notice how a rounded top leads to a drop that pushes prices below MA200 (left side of the chart). The first low leads to a bounce and test of MA200 as resistance. Resistance holds and this leads to a major bearish impulse. This is back in 2021. At this time, Bitcoin is producing a higher high and later crashes.
The situation is the same in 2024.
See how Bitcoin Cash produced a major high in April. Bitcoin went higher and is producing a new high in October/November, now, while Bitcoin Cash and the rest of the Altcoins stay behind. This is the revealing signal.
We are now looking at the right hand side of the chart.
➖ A rounded top leads a drop that pushes prices below MA200. MA200 is confirmed as resistance and then comes the bearish impulse.
Bitcoin Cash is set to move lower based on these signal.
Bitcoin is set to do the same in the coming days.
Conditions for change
If BCHUSDT can move and stay above MA200 weekly on super high volume, bullish potential becomes active. Any trading below this level and we expect a major crash.
Any trading below the April 2024 peak price keeps this pair strongly bearish unless we see oversold conditions, that is, a major low is hit.
Thank you for reading.
I hope you find this information useful.
Namaste.
#BCH (SPOT) entry range ( 1.270- 1.480) T.(3.259) SL(1.238)BINANCE:BCHUSDT
entry range ( 317.0- 360)
Target1 (508.0) - Target2 (599.0) - Target3 (655.0)
SL .1D close below (307.8)
* Note the coin is very heavy, It may take time to achieve all targets.
Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
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$BCH to $440BITMEX:BCHUSDT.P
I see another interesting pattern here.
We enter this trade carefully.
Entry: 375.4
SL: 361.1
TP: 440
Bitcoin Cash BCHUSDT Rockets to TP1! Remaining Targets on Watch!Technical Analysis:
On the 15-minute timeframe, Bitcoin Cash (BCHUSDT) has successfully hit TP1 in a long trade setup, showing strong bullish momentum. The price has moved above the Risological dotted trendline, signaling an upward breakout.
Key Levels:
Entry: 350.85
Stop Loss (SL): 344.45
Target 1 (TP1): 358.80 (Done)
Target 2 (TP2): 371.60 (Pending)
Target 3 (TP3): 384.40 (Pending)
Target 4 (TP4): 392.30 (Pending)
Observations:
The price made a steady climb after breaking through the entry level, driven by positive market sentiment.
Risological dotted trendline acted as support, boosting confidence for long positions
.
With TP1 successfully completed, Bitcoin Cash is now aiming for higher targets. Keep an eye on price action as it approaches TP2 and beyond, as the bullish trend looks likely to continue.
BCHUSDT SHORT IDEAhi everyone. today crypto market seems gonna pull back. so i saw that bchusdt almost losing its momentum and soon can decline with bitcoin to its orderblock. also usdt.d graphic on daily base on the very very powerfull resistance. it indicates crypto market can decline seriously. so we can try short setup :
entry : 361.8
stop : 374
target : 330
for more scalp positions and loss-profit situation of my positions feel free to follow me,
x.com/dogukancevikfzk
$BCH Long idea BCH can give us a huge profit until last target . I thing this will be a good trade . enter with min 4X - max 8X lev. and manage your volume . good luck
BCH Long Position (Trend Breakout Retest)Market Context: BCH has broken out of the daily descending trend and is now retesting the breakout, creating an excellent opportunity for a long spot position.
Trade Setup:
Entry: Ladder into a long spot position between $350 - $365.
Take Profit:
First target: $430 - $460
Second target: $500 - $530
Stop Loss: Just below $330.
This setup leverages the retest of the breakout for a favorable risk-to-reward opportunity. #BCH #Crypto #Breakout
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.
BCH ANALYSIS📊 #BCH Analysis
✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone🧐
Pattern signals potential bullish movement incoming after a breakout of major resistance zone
👀Current Price: $356.8
🚀 Target Price: $435
⚡️What to do ?
👀Keep an eye on #BCH price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#BCH #Cryptocurrency #TechnicalAnalysis #DYOR
BCHUSDTThis trade is based on a bearish outlook for BCHUSDT, with signs pointing towards a potential downside movement. I'm expecting price action to move lower, targeting key levels for a profitable exit. Entry, Take Profit, and Stop Loss levels are clearly defined on the chart, allowing for a well-structured risk management approach. The trade plan anticipates further weakness, offering a solid short opportunity while keeping risk in check.
BITCOIN CASH📊 #BCHUSDT
⏱ TIME: 1D
📝The price is in a wedge, and if the upward wave breaks, the price will see higher targets, but if the price reverses, we can wait for support (purple box) to be seen
⭕️risk: mid
BCHUSDT LONG
local double bottom on the daily, easy to manage risk here. signs of accumulation. Also showing hidden bullish divergence on the daily. stop below 302 3 target trade.
#BCH/USDT breaks the diagonal trendline and holds it above it in#BCH/USDT breaks the diagonal trendline and holds it above it in 1-hour TF!
SET:BCH local support level is PDH $323.15, and the resistance level is PWL $336. Expecting a bounce from here.
Bitcoin Cash Short-Term (Boom, Bust & Reset)Bitcoin Cash is trading daily below EMA377, coming from a new high; this last happened in December 2021, so this is a major development, a bearish one.
A major resistance range is set around 330 - 350. If BCHUSDT is trading below this range, we consider it ultra-bearish (if it moves above it becomes bullish).
Bitcoin cash is currently trading at 315, which is below the above mentioned range. We have the same pattern of lower lows and lower highs as the other pairs and a strong short-term bearish tendency.
Let's get to the point, the correction is likely not over, we have more downside before it ends. The lower highs dynamics and continued selling pressure can lead to a lower low. The potential targets for this low is mapped on the chart.
After the low is in, we should experience some sideways action (consolidation) followed by a recovery. It will take time before we are fully bullish again. Each cycles goes through a boom and after the boom comes a bust and after the bust comes a reset, the reset is the consolidation phase.
Namaste.
Bitcoin Cash Analysis BCHIt is the result of reading the price pattern and considering the volume behavior.
Found that bitcoin cash is in the middle of a bear correction.
This could be wrong
MD
BCHUSDT: Broke out, ready to go!!Join our community and start your crypto journey today for:
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Let's analyse BCHUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Bitcoin Cash (BCH) is a cryptocurrency that split from Bitcoin (BTC) in August 2017. It was created to address Bitcoin's scalability issues, featuring larger block sizes (initially 8 MB) for faster and cheaper transactions. BCH aims to be a practical digital cash for everyday use, emphasizing low fees and quick processing. The BCH community continues to develop and improve the network.
TECHNICAL ANALYSIS:
BCHUSDT has exhibited a significant price movement. After a prolonged period of trading within a symmetrical triangle pattern, the price has successfully broken out. This breakout is supported by an RSI volume breakout, indicating a potential bullish trend. Additionally, a substantial increase in 24-hour volume suggests growing interest and potential upward momentum.
Buying Levels:
CMP to $339.7
Target Levels:
Hold for 2x-3x in long term.
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Happy Trading!!
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.
#BCH/USDT#BCH
The price is moving in a descending channel on the 12-hour frame and is sticking to it greatly and is about to break upwards
We have a bounce from the lower limit of the channel, price 294
We have an upward trend on the RSI indicator about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 326
First target 387
Second target 444
Third target 514
BCHUSDT - SHORT [Daily Signal]With each signal of movement for the dominant BTC, it is logical to expect movement in the same direction of the rest of the coins (with rare exceptions).
Circles mean what they mean, you know.
Stay tuned.
$BCH Long SetupEntry & Exit target in Chart SET:BCH
Bitcoin Cash (BCH) has a future. It is forecasted to grow, supported by its scalability and lower transaction fees. Continued development and adoption, coupled with advancements in technology and integration, are key to BCH's long-term success and potential value increases to potentially hit and exceed $1,000.
