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
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BCHUSD
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!
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).
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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.
Dovish BCHUSDBitcoin Cash (BCH) is a cryptocurrency that originated from a fork of the Bitcoin (BTC) blockchain in 2017. It was created to address some of the scalability issues of Bitcoin by increasing the block size, allowing for more transactions to be processed at a faster rate and with lower fees. The goal of BCH is to serve as a global peer-to-peer payment system. Despite sharing some technical similarities with Bitcoin, such as the same consensus mechanism and a capped supply of 21 million coins, BCH focuses on being a practical payment method rather than just a store of value.
Yes, you can use Bitcoin Cash (BCH) to buy goods and services online. Many retailers and online stores have started accepting Bitcoin Cash and other cryptocurrencies as a form of payment. For instance, you can add funds to your Microsoft account using Bitcoin Cash, which can then be used to purchase games, movies, and apps in the Windows and Xbox stores1. Additionally, there are online marketplaces like Crypto Emporium that accept Bitcoin Cash for a wide range of products, including electronics, luxury items, and even real estate2.
To make a purchase with Bitcoin Cash, you typically need to transfer BCH to a mobile wallet, select an online store that accepts cryptocurrency payments, add your desired product to the shopping cart, and then transfer the BCH to the wallet address provided by the merchant2. It’s important to note that while the adoption of cryptocurrency payments is growing, it’s still not as widespread as traditional payment methods, so you’ll need to check if the retailer or service provider accepts BCH before making a purchase.
#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.).
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● 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)) .
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◉ 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.
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◉ 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) .
Bitcoin Cash Is Breaking Out Of Bullish TriangleBitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle pattern in wave (IV), which looks to be completed after recent break above 300 region.
BCH buy setupThe price structure is bullish. A resistance range has been strongly broken, but we did not have a pullback on this range.
It is expected that if a pullback is made at this level, the price will jump higher.
I specified the targets on the chart.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
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.
Will the real Bitcoin please stand up.This trade activates at $298 with a stop probably around $255
Most people eat the garbage idea that bitcoin is decentralized, while ignoring or not knowing, that it is a dictatorship by ''Bitcoin Core group''.
No currency is truly decentralized in the decision-making of its design.
Be safe.
Long Bitcoin Cash (BCH) to $310Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range.
We do have some resistance to get through. 237 is a level of resistance along with the 100 day SMA just above that. But if those can be defeated, we're well on our way.
Target #1 - 254
Target #2 - 270
Target #3 - 288
Final Target - 311
I plan to take 25 percent off at the first target and raise my SL to break even. Thereafter, every target reached will be another quarter off of my full position and a raised SL to the preceding level.
Risk/Reward on this is a healthy 5/1 with my stop out placed at 222.
Best,
Stew
BCH is going up regardless BTC. Another 100% profit.BCH is strong and is rising, while BTC is currently down. Why is that? If we take a look at the price action, we can see that it very much differs from the BTC price action in many ways. We have had a range that broke up, and the price is currently almost at the previous major swing high from June 2023. My Elliott Wave count suggests that we should see a huge pump soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
I am not a huge fan of BCH, but there are some facts. Why BCH? Bitcoin Cash was considered by some supporters to be the legitimate continuation of Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash.
From a technical perspective, Bitcoin Cash is similar to the Bitcoin algorithm. Namely: both projects have a hard cap of 21 million coins and also use Proof-of-Work (PoW) consensus framework and nodes to verify transactions.
Unlike Bitcoin (BTC), Bitcoin Cash aims to scale to meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network.
As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BCH Feb 13th long-term updateAnother week and another free sharing from the TTR most recent #cryptocoin pick update:
Bitcoin Cash is another quite undervalued token. The breakout level sits at 329.50 followed by a main breakout zone resistance at $400-410
I don’t own much of this coin, only 20, but I see great potential here if 1450 is broken to the upside. A test of the 1400-1450 zone will be a big one as it will set a W multi-year pattern and potentially can breakout hard with an upside target of 3225 and ideally above 4.5k
I like the potential here, but I won’t be long if 1450 is not broken to the upside by sometime this year, especially if BTC will be above 90k
There is a clear 4-5x potential here, and I’m fine with holding this token till the 1400 zone exit at minimum.
🚧BCHUSDT will Go Up Again🚧 Road Map(4-H)🗺️!!!➡️ Due to the ascending structure of the chart
- High potential areas are clear in the chart
- You can look for reasons to enter according to your own personal strategy after approval.
🤑Stay awesome my friends.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BCHUSD is potentially poised for a substantial price upswingBINANCE:BCHUSD BCHUSD (W)
BHCUSD may have a strong price increase coming up. Waiting for confirmation of price and volume explosion!
Following the preceding abrupt surge in price accompanied by elevated volume, BCH has undergone a correction spanning over 30 weeks, characterized by diminishing volume and price consolidation. The signal from the MA20 line consistently aligns with the evolving price dynamics.
Is it plausible to anticipate the occurrence of High Volume, accompanied by a substantial surge in price amplitude within this digital currency?
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BCH from a SMART MONEY point of viewAccording to the reviews we have had on the chart, we have determined the high and low liquidity pools.
The liquidity pools of the upper area have been swept and candles have hit SUPPLY. Now there are two TPs ahead of the price.
We have liquidity pools in the lower areas.
To achieve TP 2, it is necessary to break the range of TP 1. TP 2 range is a suitable place for buy/long positions