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BCHUSD

BCH still has many drops to come!From where I wrote "START" on the chart, the BCH symbol has entered the corrective phase. Examining the waves, we seem to be inside an ABC. Wave A has formed and we are now in Wave B. Our B wave has become a diametric, the last wave of which is only g left. It is expected that wave G from B will end in the red supply box or a little higher, and we will enter wave C of a big drop and go down to the lower green box on which I wrote TP. I specified the invalidation level, that closing a daily candle above this level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
10
Bitcoin Cash Parabolic Rally Update! | BCH Price Prediction 2023Hi friends hope you are well and welcome to the new update on Bitcoin cash (BCH) Harmonic bullish reversal move: Before starting the analysis of BCH, I would like to share with you my most recent trade signal for Bitcoin cash, which I shared few days ago. That was a harmonic bullish reversal BAT move, which BCH formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move. Massive breakouts: On a weekly time frame chart, from March 2021 uptil January 2023 the priceline of Bitcoin cash was moving inside a very big falling wedge pattern, and finally in the second week of January 2023 Bitcoin cash broke out this huge wedge pattern but got stuck inside in another symmetrical triangle and in the second week of June 2023, after testing the support of this triangle BCH rallied almost 200% and broke out the resistance of this pattern as well. Dropped in golden pocket: After the 200% rally the price was dropped 61.8% that is considered as a golden pocket of Fib retracement level. Finally it has happened and BCH has begun nice reversal move Broke out the channel: On a daily time frame, for almost 77 days priceline was moving inside a long down channel. Finally it broke out this channel on 15th of September 2023. After the break out the price and got rejected by the reference of $226, it has also broken out this resistance as well. There is also a support at $180, which is also a recent swing low before this channel’s breakout, therefore, below this support the stop loss can be placed, in case of trading this breakout. Targets: Target for the recent channel’s breakout is at the top of the channel, which is approximately $315, and if we take a look at the target for the previous breakout from huge falling wedge pattern, which has already happened on a weekly time frame, that is at the top of the wedge, which can be between $1600 to $1800. Conclusion: For the past 77 days the priceline Bitcoin cash was moving continuously to the downside, but after breaking out the recent down channel and starting a bullish reversal from a golden pocket it is confirming a trend reversal from the downside the outside.
KRAKEN:BCHUSDLong
by moon333
1
Bitcoin Cash Analysis: Promising Resistance BreakoutYesterday, the head of the SEC regulator, Gary Gensler, answered questions for 4 hours before the Financial Services Committee of the US House of Representatives, which, among other things, related to cryptocurrencies. What has become known: → on the eve of the hearing, Gary Gensler was sent a letter from four members of the US Congress demanding approval of applications for ETFs based on cryptocurrencies; → the head of the SEC avoided answering questions about the timing of decisions on these applications, although he noted that if the agency’s work was stopped on October 1 (like other government agencies), this would slow down the process; → for participants in the cryptocurrency market, the event could have given a positive impetus if Gensler’s words had contained hints of positivity, but he once again spoke out about the dangerous prohibited practices that crypto firms use. However, a source of positivity in the market could be the strong price action in the Bitcoin Cash market. As the BCH/USD chart shows: → the price broke through the important level of USD 225, which served as resistance; → before the breakdown, a series of rising lows was formed (shown by marks), which can be interpreted as demand pressure. The dynamics are similar to the bullish cup-and-handle pattern; → the price went up from the downward channel (shown in red); → the price movement from the summer high can be considered a pullback, which found support at the Fibo level of 0.382. The above bullish arguments suggest that the BCH price may resume its upward trend after a protracted pullback. Then it is possible that the price of Bitcoin Cash will be able to reach its summer high. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
BITSTAMP:BCHUSD
by FXOpen
Bitcoin Cash BCH - long trade #16Hello colleagues! While bitcoin is once again stuck in a narrow consolidation, we have found an interesting short-term trade that we want to take. After a successful local growth wave on September 11, the BCH price began a correction. Since 22 September, sellers have twice updated local lows. However, they failed to gain a foothold below the $205-207 range. Given the nature of the fall in the BCH price since September 19 , sellers do not have the strength to continue the pressure. In our opinion, a new wave of BCH's likely decline may begin after the local high of $218.9 is updated. At this point, it will become clear whether the local wave of growth is part of a correction or a new growth momentum that will easily reach the medium-term target in the $225-229 range. However, we are interested in a short-term trade with the following parameters: Enter =205-207$. Stop = 201.7 (- 2.14%) TP = 218.46 (+5.99%) P/L ratio = 2.8 We are again placing a fairly short stop order, as if buyers are weak in the $205-207 range, the price of BCH could fall sharply below $195, where we would once again take a risk on buying BCH. We allocate $5,000 for this trade. In case of a mistake, we will receive a loss of $107 . If the trade works out, we will get a profit of $299.5
Long
by P_S_trade
23
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin cash (BCH) was a notable gainer in today’s session, as the cryptocurrency climbed for a second straight day. Following a low of 206.86 to start the week, BCH/USD peaked at 213.89 earlier in today’s session. The move saw bitcoin cash close in on a resistance level of 225, which was last reached on September 18. the move comes as the 10-day (red) moving average remained above its 25-day (blue) counterpart. the relative strength index (RSI) has broken out of a ceiling at 52.00 and is now tracking at 54.50. A point of resistance at 60.00 now seems to be the next target for bulls, and if hit, BCH will more than likely be above 225. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short-Term basis and Neutral on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $140 – $150. The nearest Resistance Zone is $200, which it broke, then $250 and $330.
Long
by altFINS
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session. Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week. bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process. This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark. The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July. Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BCH drop to $130BCH looks like it has one more drop to it, perhaps to the 0.886 fibonacci around $130 roughly. It has been channeling nicely, which can help us determine the bottom as we get closer. I circled the Fixed Range volume that I suspect marks where the drop will stop. There is a Demand zone marked in green at this same area too. This will be the end of the retrace, then BCH will start the next major pump. Even though I will mark this chart as Short, I am long term Long.
COINBASE:BCHUSDShort
by gz1968
BCHUSD Chart Resembles 2019: Potential Surge to $297 and $463Hello dear traders! BITSTAMP:BCHUSD appears to be mirroring its 2019 price action closely. 📈 There's potential for further upward movement towards the $297 and $463 levels. These price zones align with the ascending Fibonacci channel and historical support/resistance areas. The $200 support level holds significant sway, a pivotal point for both bulls and bears. 🐂🐻 A breach below $200 could signal a deeper price decline – an essential factor to monitor. Conversely, a compelling signal emerges on the weekly chart, hinting at a price surge towards $300 and $460. 🚀 This optimism stems from hidden bullish divergence and a resemblance to the 2019 price patterns. Keep a keen eye on these developments. 👀
CRYPTO:BCHUSD
by Vestinda
History Repeating Itself? | BCH Predicted to Hit $160Are y'all seeing the same pattern I'm seeing? We are experiencing almost the exact same moments back in 2017!!! FIB: -With the 0.236 placed at the top of the first major rally after the final fall, we see this play as an area of support and a correction at the 0.702 Retracement level BOTH in 2017 and now. - Do you think the 0.236 Level will play as a support? Comment your thoughts down below! Patterns: - I used Elliot waves (12345) (ABC) to try to find a pattern and a correlation to the history of BCH. I'll let you be the one to decide if you see the patterns. - Let me know if you found something better in the comments bellow! MA: - We want to see resistance play out for the next few weeks if we want to see this pattern play out correctly, for this will help the price reach lower. - Do you think were in for another huge fall? Comment below! RSI: - RSI will hopefully show resistance levels at the .60 for accouple weeks
COINBASE:BCHUSDShort
by DenzelitoTrades