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Celebrate the Success of Bitcoin Cash Post-Halving!I wanted to take a moment to share some exciting news with you - Bitcoin Cash (BCH) has been outperforming Bitcoin (BTC) since the recent halving event! In the weeks following the halving, BCH has shown remarkable resilience and growth, surpassing BTC in terms of price appreciation and overall market performance. This is a clear indication of the strength and potential of BCH as a valuable investment opportunity. As we continue to navigate the ever-changing landscape of the cryptocurrency market, I encourage you to consider diversifying your portfolio and investing in BCH over BTC. With its strong performance post-halving, BCH presents a promising opportunity for traders looking to maximize their returns and capitalize on the current market trends. Don't miss out on the potential gains that BCH has to offer - seize the opportunity to invest in a cryptocurrency that is on the rise and poised for success. Join me in celebrating the success of BCH and take action today by adding BCH to your trading portfolio. Let's ride the wave of BCH's success together and make the most of this exciting time in the cryptocurrency market. Happy trading!
COINBASE:BCHUSDLong
by bryandowningqln
1
Bitcoin Cash (BCH) Price Soars Ahead of HalvingBitcoin Cash ( CRYPTOCAP:BCH ) has been on a meteoric rise, surging 7.54% in the last 24 hours and 43% over the past week to reach $586. As the crypto market stages a recovery led by Bitcoin, BCH's rally has been even more pronounced, fueled by anticipation surrounding its upcoming halving on April 3. The imminent halving event, which will see CRYPTOCAP:BCH block rewards reduced from 6.25 to 3.125 per block, has sparked investor enthusiasm and contributed to BCH's bullish momentum. Analysts predict that this reduction in supply could potentially drive prices even higher, with some suggesting the potential for 10X gains in the near future. The recent surge in CRYPTOCAP:BCH price has been characterized by multiple waves of growth, breaking through major resistance levels and signaling a bullish trend. Relative Strength Index (RSI) further supports this bullish outlook. Despite facing resistance levels at $650, $700, and $750, CRYPTOCAP:BCH has already reached a two-year high, with its current price levels not seen since November 2021. Whether CRYPTOCAP:BCH can sustain its upward trajectory or encounter a pullback in the short term remains uncertain, contingent on traders' behavior in the coming hours. With BCH's halving just days away and market sentiment turning increasingly positive, investors are closely watching for further price surges and potential entry points. As the crypto sector continues to evolve, BCH's performance in the coming days could offer valuable insights into the broader market trends and the future of digital assets.
BINANCE:BCHUSD.PLong
by DEXWireNews
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.
Long
by altFINS
BCHUSD Strong rally but needs to break this historic ResistanceBitcoin Cash (BCHUSD) is posting a very aggressive 2-week rally but short-term buyers should get too comfortable as it is approaching a landmark Resistance. That is the Lower Highs trend-line that started on the December 2017 All Time High (ATH). The previous Bull Cycle got rejected on that trend-line, guided by a Channel Up, below the 0.786 Fibonacci retracement level. As a result, we can only issue a buy signal above that trend-line, until then we will be looking for a buy entry close to the 1W MA50 (blue trend-line). In both cases (break-out and pull-back buy) our Target will be 1625 (Resistance 1 and previous Cycle's High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BCHUSDLong
by TradingShot
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.
by Z4F4R
Bitcoin Cash (BCH) PUMPRecently, Bitcoin Cash has been pumping so strongly that everyone is puzzled why. Technical-wise, not important why. The important thing is the pattern or patterns that happened before the pump. There is a pattern that occurs not very often, but when do, a strong wave can follow after that. It's called a double triangle pattern; as in the case of BCH, we can see this pattern. As said before, this pattern does not happen very often, but when do, it's lucrative to catch it. If you see any crypto or token that might be forming this pattern, please share the name or your analysis here. For start, it seems Fantom (FTM) is forming its second triangle pattern; Check out its analysis. So, keep an eye on it.
BINANCE:BCHUSDLong
by SaeedSalehinia
3
Coinbase Sets to Launch Futures Contracts for Bitcoin Cash Coinbase, the largest American crypto exchange, is poised to launch futures trading contracts for Dogecoin ( CRYPTOCAP:DOGE ), Litecoin ( CRYPTOCAP:LTC ), and Bitcoin Cash ( CRYPTOCAP:BCH ) on April 1st, 2024. This bold step by Coinbase Derivatives marks a significant expansion of offerings, opening new avenues for traders and investors alike. The decision to introduce futures contracts for these three cryptocurrencies underscores their growing prominence within the crypto space. Despite Dogecoin's humble origins as a meme coin, its meteoric rise in market capitalization has propelled it into the upper echelons of the crypto world. Similarly, Litecoin and Bitcoin Cash, both stemming from Bitcoin's lineage, have garnered substantial attention and adoption, making them prime candidates for futures trading. Coinbase's move to list futures contracts for CRYPTOCAP:DOGE , CRYPTOCAP:LTC , and CRYPTOCAP:BCH represents a strategic maneuver to tap into the burgeoning demand for diverse investment instruments in the crypto market. By leveraging the self-certification approach under CFTC Regulation 40.2(a), Coinbase can swiftly introduce these products while ensuring compliance with regulatory requirements. The introduction of futures trading for these cryptocurrencies not only provides investors with additional avenues for portfolio diversification but also underscores the maturation of the crypto market. As cryptocurrencies continue to gain mainstream acceptance, traditional financial institutions are increasingly recognizing their potential as viable investment assets. Coinbase's bold move signals a growing convergence between traditional finance and the crypto sphere. As cryptocurrencies continue to redefine the financial landscape, innovative initiatives like futures trading for CRYPTOCAP:DOGE , CRYPTOCAP:LTC , and CRYPTOCAP:BCH pave the way for broader adoption and acceptance. In conclusion, Coinbase's decision to launch futures trading contracts for Dogecoin, Litecoin, and Bitcoin Cash heralds a new era of possibilities for the cryptocurrency market. As these digital assets gain traction and legitimacy, investors stand to benefit from increased accessibility and diversity in trading options. While regulatory challenges persist, Coinbase's initiative underscores the transformative potential of cryptocurrencies in reshaping the future of finance.
BINANCE:BCHUSD.PLong
by DEXWireNews
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.
Long
by altFINS
Bitcoin Cash Halving 2024: A Golden Opportunity for Investors?Bitcoin Cash ( SET:BCH ) enthusiasts and investors are eagerly eyeing the upcoming halving event scheduled for April 4, 2024. With just a few weeks left until this critical network event, the cryptocurrency community is abuzz with speculation about its potential impact on BCH's price trajectory. As miners prepare for reduced block rewards, questions arise about whether Bitcoin Cash's halving presents a lucrative buying opportunity for investors. Understanding Bitcoin Cash Halving: Bitcoin Cash ( SET:BCH ) operates on a four-year or 200,000-block halving cycle, a mechanism designed to control inflation and ensure the scarcity of the cryptocurrency. The upcoming halving will see the block reward slashed from 6.25 BCH to 3.13 BCH, compelling miners to reassess their strategies in light of reduced profitability. Miner Sell-Off and Market Dynamics: In anticipation of the halving, miners have engaged in a significant selling spree, offloading approximately 2.51 million SET:BCH worth around $1.1 billion. This trend, driven by the desire to capitalize on high prices before rewards diminish, has led to a decrease in miner reserves. However, historical data suggests that such sell-offs tend to reverse post-halving, with miners accumulating reserves once again. Impact on Mining Difficulty and Revenue: As unprofitable miners exit the network due to reduced rewards, mining difficulty is expected to decrease, potentially enhancing revenue for remaining participants. This phenomenon was observed during the 2020 halving, where a decrease in mining difficulty coincided with significant price gains for Bitcoin Cash. Analyzing Price Trends: Bitcoin Cash's price has experienced a notable dip of around 20% in the lead-up to the halving, mirroring patterns observed before previous halving events. However, past performance indicates that such downturns often precede bullish cycles post-halving. With SET:BCH currently trading around $464 as at the time of writing, investors may view this correction as an opportune moment to enter the market. Long-Term Holder Sentiment: On-chain data suggests that long-term holders are positioning themselves for a bullish post-halving cycle, indicating confidence in Bitcoin Cash's future prospects. This sentiment aligns with historical precedents, where halving events have often catalyzed significant price appreciation for cryptocurrencies.
BINANCE:BCHUSD.PLong
by DEXWireNews
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.
COINBASE:BCHUSD
by Trade-Lean
🚀 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) .
COINBASE:BCHUSD
by TradeWaves-EWA
5
BCH/USD Secondary trend. Wedge. Area 96 ArtemisThe graph is logarithmic.Time frame is 3 days. Secondary trend. The wedge is in the final phase of its formation. The price is in its band near the support area of 96. Local double bottom 72% may be formed inside the wedge. Its confirmation and embodiment will bring the price closer to the wedge resistance breakthrough (red line). The price is near the area of historical lows of $77. The price is now $115 Percentage from the key local zones shown on the chart. Remember, the price is now within the wedge band. Coin in coinmarketcap : Bitcoin Cash Line chart. Local trend . Double Bottom Zone. Main trend was shown earlier in this trading idea. BCH/USD Main trend. Breakdown of the channel. The important zone Main Trend. Linear chart.
COINBASE:BCHUSD
by SpartaBTC
63
Bitcoin Cash Spiked: A Surge in Mining Power & Market DynamicsBitcoin Cash ( CRYPTOCAP:BCH ) has witnessed a remarkable surge in value and mining power, signaling a resurgence in interest and confidence within the cryptocurrency community. Despite originating from the same roots as Bitcoin (BTC), BCH has carved its own path, fueled by debates over block size and scalability. Let's delve into the recent developments surrounding Bitcoin Cash, exploring its market dynamics, mining trends, and potential for future growth. Unprecedented Growth and Market Dynamics: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge, with a staggering 58% increase in value on March 2nd, underscores its resilience and potential for growth. Despite BCH's market capitalization standing at $9.40 billion, significantly lower than Bitcoin's towering $1.20 trillion, the cryptocurrency has exhibited robust momentum, boasting a 78.5% surge in weekly performance. Trading at $479, CRYPTOCAP:BCH is challenging multi-year resistance levels, potentially paving the way for a substantial price spike. Shift in Mining Preferences: One of the most notable developments is the surge in Bitcoin Cash's mining power, with an average hashrate jump of 102.5% to 8.01 EH/s as of March 3rd. This surge in mining activity echoes the network's resilience and attractiveness to miners, indicative of its robust security and engagement levels. Unlike Bitcoin's speculative interest, Bitcoin Cash is positioning itself as an efficient medium of exchange, emphasizing scalability and practical utility. Community Initiatives and Future Prospects: The Bitcoin Cash ( CRYPTOCAP:BCH ) community is actively championing the cryptocurrency as a global electronic cash system, aligning with evolving market trends. Developers are venturing into decentralized finance (DeFi) and Web3 initiatives, introducing CashTokens to enhance BCH's practical use cases and adoption. With a focus on scalability and utility, Bitcoin Cash ( CRYPTOCAP:BCH ) aims to establish itself as a viable alternative to traditional payment systems, fostering widespread adoption and mainstream acceptance. Conclusion: Bitcoin Cash's ( CRYPTOCAP:BCH ) recent surge and resurgence in mining power underscore its resilience and potential for growth in the ever-evolving cryptocurrency landscape. As BCH continues to differentiate itself from Bitcoin and carve its own path, its emphasis on scalability and practical utility positions it as a formidable player in the digital currency ecosystem. With community-driven initiatives and a focus on enhancing adoption, Bitcoin Cash is poised to expand its influence and establish itself as a leading contender in the global electronic cash revolution.
BINANCE:BCHUSD.P
by DEXWireNews
1
Long Bitcoin @ 50k (wait for *gentle* pullback) Now thru April (possibly May!) my price targets are red. Blue dashes paint the long term trend. We're priced in for 10 years right now. That's going to create volatility between 60k and 45k in the near term. Long term, I expect a pullback to $3900. We've had momentum support (broadening rays) without horizontal support since the first market. Pretty common for highly hyped assets. DCA along that blue dash highway if you're in it for the long run. I would like to see the crypto 'currency' Bit'coin' behaving more like a currency, but for now it's fun to speculate and keep this goose laying golden eggs. Just be mindful of the fact that you still can't buy a latte with Satoshi's yet in any major retailer. There is no intrinsic value here. Opportunity cost here is 'all other investment asset classes are massively overvalued'. Food for thought: we're getting close to the market cap of Bitcoin touching Apple stock. Opportunity cost at that point is a simple question, would you rather buy 'shares' of Apple (a company with a significant book value and assets that bring in future economic value --at least until their EPS falls) or Bitcoin (a life boat currently accepting guests from the USD but without any intrinsic value -- given the failure to offer value for value as in basic contract law it's likely to become another Volatility meter rather than a functioning currency.
BITSTAMP:BTCUSDLong
by SLOPolarBear
1