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BCH-BTC 10-30%Hello, thank you for your time. Bitcoin Cash has once again broken out of support around 247-248. The price reduces the volatility and resembles a compressive spring, forming a triangle. If it breaks up, the first target will be the top of the triangle around 277-280, which is about 10%. The next target is in the area of accumulation of horizontal volume 335-345. The break-down of the triangle will be hindered by the trend one, which in case of the break-down and confirmation will turn into support. If you find the information useful, I'd appreciate a likes and a subscription.
Long
by Kirill_Gaitan
BCH at supportBCHBTC is currently sitting .5 fib support level after bouncing up from .618fib level. The indication is of another leg up. If the uptrend is resumed. 0.05452 will be first resistance then 0.06445. If BCH goes above 0.06445 then a final target is 0.07955. A long entry can be pushed at the moment but a safer play would be wait for a break above 0.05452. Conversely, if the previous low is breached and the support at 0.04662 to resistance, we may see continued downside.
Long
by Cryptoray8
$BCH hasn’t hit a new ATH since 2017: Dead or Utimate Sleeper?SET:BCH hasn’t hit a new ATH since 2017: Dead or the Utimate Sleeper? SET:BCH ATH: $4,212 (Dec 2017) CRYPTOCAP:BTC ATHs: $19,800 (Dec 2017), $69,000 (2021), $126,000 (2025) Observation: SET:BCH hasn’t touched a new ATH since 2017. CRYPTOCAP:BTC surged 6x+ after 2017 ATH, but SET:BCH stalled. Is SET:BCH dead ❓ Key TA Levels: 🔹 Strong accumulation zone: $465 – $375 🔹 Critical support: $375 (holding this is essential) 🔹 Potential upside: $2,000 – $4,000 if momentum returns Eyes on these levels. SET:BCH could be a sleeper play if it reclaims support. Pro Tip: Patience + volume confirmation = key before any breakout. NFA & DYOR
Long
by CryptoPatel
Buy Trade Idea for BCH (Bitcoin Cash) - Capitalizing on SolidDescription Bitcoin Cash (BCH) is a prominent cryptocurrency known for its scalability and transaction efficiency. Here are the key fundamentals that support a buy trade for BCH:High Transaction Speed and Low Fees: Bitcoin Cash was created to address Bitcoin’s scalability issues, offering faster transaction times and lower fees, which makes it suitable for everyday transactions.Large Block Size: With an increased block size, BCH can handle more transactions per block, reducing congestion and ensuring smoother network operations.Widespread Adoption: BCH has been widely adopted by merchants and service providers, enhancing its utility as a digital currency for payments.Active Development Community: The ongoing development and upgrades by a dedicated community ensure that Bitcoin Cash remains competitive and adaptable to market needs.These strong fundamentals make BCH an attractive investment opportunity, offering both utility and potential for growth in the cryptocurrency market. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
Decoding Technical Perspective of BCH Daily Chart!In the Day frame, by March 3rd, the price breached the $320 resistance level and pushed out of the range towards the peak of $689.27, in which the BCH price was trading earlier between $90 to $300 for more than 626 days. Due to the instability at a peak of $689.27, BCH plunged amid the bears' dominance. The long-term trendline proved too strong resistance, which restricted the price to the $422.34 mark. By June 18th, 2024, BCH had decreased as low as $380, around which it hovered for a couple of days. Thereon, By July 1st, 2024, the notice of the Mt Gox exchange further hurt the price, and by July 5th, the price plunged further to $290. At press time, BCH was near the previous long-term range's resistance that turned into a support level that buyers are trying hard to sustain. In the last couple of days, the price surged almost 25%, which signified bullish control slowly developing from the crucial support zone near $300. If the buyers fail to surpass the resistance of $422.34, BCH would be back towards the support of $300, and breaching this would lead back in the range of $90 to $300. This is a range where it has spent a long time in the past, and in this range, the next support could be at $249.01, followed by $213.01. While in case of a rebound, the resistance that would pose interruptions is around $422.34 and $522.37. The Indicators are bullish due to the bullish presence displayed in price, where MACD shows a bullish cross in a bearish vicinity, and RSI jumped from oversold after cutting 14-SMA from below, which, as of press time, flashed at 50.98.
COINBASE:BCHUSDLong
by Yash_Jain_1309
Bitcoin Cash: Breakout or Breakdown? Critical Levels to Watch!Yello, Paradisers! Have you noticed the recent patterns forming in BCHUSDT? It's shaping up to be a pivotal moment for Bitcoin Cash. Let’s dive into the details! 💎BCHUSDT has recently taken liquidity and is forming a triangle pattern. On the lower timeframes, BCH has developed a W pattern, which typically signals a higher probability of a bullish move. However, to confirm this and target higher levels, we need a breakout and a candle closing above the resistance zone. This confirmation would significantly increase the likelihood of a bullish continuation. 💎If BCH breaks out and closes candle above the resistance zone, it would validate the bullish W pattern and open the door for higher targets. 💎In the event of a pullback, we can expect a bounce from the support zone, potentially forming a triple bottom, which is another bullish sign. 💎Conversely, if BCH breaks down and closes below the support zone, it will invalidate our bullish outlook. Stay focused, patient, and disciplined, Paradisers. This is the only way you can make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Bearish Setup on BCH/USDOverview: The market conditions and price action are currently indicating a bearish trend for BCH/USD. Below is the detailed breakdown of the trade setup and why this position is logical: Market Structure: The price is in a downward trend, confirmed by the lower highs and lower lows visible on the chart. A break below key support levels, along with the current price action, suggests that the bearish move is likely to continue. Entry Level: Entry = 580.53: The entry has been strategically placed below a key resistance level, which is also near the recent high. This confirms that a breakdown is happening, setting the stage for further downward movement. We are entering at a point where the price has shown weakness and failed to continue its upward movement, which typically signals a potential continuation to the downside. Stop Loss (SL): Stop Loss = 601.45: The stop loss has been placed above a previous swing high, ensuring that the trade will only be invalidated if the price reverses above this level, thus protecting us from a false breakout. The chosen level ensures the risk is kept under control while still allowing for reasonable price fluctuations within the trend. Take Profit (TP): Target = 535.76: The target is set based on recent price action, aligning with previous support levels. This level is where the price is expected to find potential support before making any reversal. The risk-to-reward ratio here is favorable, with a potential reward much higher than the initial risk, making the setup an attractive swing trade opportunity. Trend Confirmation: The price is below the 50-period and 200-period EMAs, indicating that the overall trend is bearish. The trendline at the bottom, which slopes upward, serves as an additional support that the price is expected to break below before confirming the bearish move. Volume: Volume analysis indicates increasing selling pressure, supporting the bearish narrative. A breakout with higher volume confirms the strength of the downtrend, reducing the chances of a fakeout. Conclusion: The overall market structure, confirmed by the price action, trend, and volume analysis, suggests that the market is likely to move lower. With a favorable risk-to-reward ratio, this setup is logical and worth considering for those looking to enter a short position on BCH/USD.
DELTAIN:BCHUSD.PShort
by Crystal_0404
Keep a close eye on BCHUSDT as it approaches crucial levels👀💎 Paradisers, #BCH is approaching the supportive trendline and the previously broken resistance area, which might now serve as a support. 💎If #BCHUSDT breaks its higher low and exhibits signs of a Change of Character (CHoCH) and Break of Structure (BOS) from this support zone, we can expect a bounce to the next swing resistance. 💎However, if there is no confirmation and the support zone along with the supportive trendline break down, it will be viewed as bearish. Nonetheless, there is another support zone below this, which is considered stronger. Even so, confirmation is crucial before taking action there as well.
by MyCryptoParadise_Nathan
BCHUSD Coinbase - Looking for EntryCOINBASE:BCHUSD has had a lovely history of long up and down trends. Historically they have lasted near half a year at a time in the past. We are back to a downtrend as the price has fallen below the 200 day EMA, Supertrend is red and the Heikin Ashi candles all red. Like most of the larger coins we seem to be at a consolidation period of low volume with horizontal trades going on. It looks like a possible reversal for BCH but we will have more information in the next few days on the long term effects here. It honestly could go either way for this coin but I think we will see a reversal soon, but not enough to see an overall long uptrend. The EMA is below a strong line of resistance and the Supertrend indicator is falling below it to.
COINBASE:BCHUSD
by UnknownUnicorn2091450