At the moment, BCHUSD is trading at $194, and its resistance is at $205. You can sell it from there if the H4 candle rejects. The take profit level would be its support level at $170, and the stop loss would be at $220. Currently, the Weekly RSI is also crossing the 70 level, which indicates an overbought zone, so it should come down. I hope we can make a good...
Chart speaks for itself.
The early investors got out a long time ago and they are not coming back.
This crypto asset has a lot to prove if it ever recovers after the 25.00 crash.
Money flow in the markets for this crypto asset may seem bullish but its not.
Intermittent pump and dumps keep repeating.
The real Bitcoin asset is stable and produces more confidence in...
The beautiful Law of supply and demand. Financial Institutions are heavily involved in the crypto market now. Bitcoin Cash is only a limited supply just like his big brother BTC. The next face of accumulating BCH is taking place right now before the FOMO, expect a 20K - 30K TP for BCH
Bitcoin Cash (BCHUSD) never went below its November 2022 low, just like Bitcoin, but unlike Bitcoin today it went ahead of the entire market.
We have the highest price since early June 2022, more than a year ago.
The RSI is off the chart and there is nothing more to look at but there will be additional growth.
The way we trade, the way we do it, is to join/buy...
The Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023
BCH Bull - DeFi on Bitcoin Cash
313 days of accumulation
falling wedge + breakout
BCH/USD price action has more or less flatlined since July 2022. Bitcoin Cash has been very bearish overall, with extreme bullish impulses, over the course of its nearly 6-year (8/2017 - to date) price discovery history. It took 2 years from its December 2018 bottom till its December 2020 bottom for BCH/USD to go on a parabolic bull run. It took 3 1/2 years from...
This is the continuation of my previous view for BCH. I still believe that price can easily retest 150$, but only after price breaks above this level, we should be able to see 200$/BCH.
The energy has shifted and people aren't understanding how big the late news were on (Blackrock, Deutsche Bank, EDX -Fidelity -Charles Schwab - Citadel). My opinion has always favored the blue chip coins and bch has lots of potencial short and long term.
Last Bull Run I picked this baby up at $85 and sold at $1200. Didnt catch the bottom nor the top but it was damn close. After all the news this last week and the institutional players having an in I would feel comfortable stating that this is close to this cycles bottom for BCH. Im not here for the comunities nor for a specific coin, im here for the $$.
Everytime it has gone higher, we had a bad rejection. Think this time will be different?
How about no. Wait until it slips below 100 again. ;)
As always your friendly neighbourhood spideytrader. ;)
GOT my previous post blocked, so have to repost with 3 hour delay
BCH have been holding $100 very well.
BTC maybe King, but BCH could crypto cash.
If there is a micro 3 month bull run, i am looking that BCH may move up to 330 fairly due to new demand, but i fear, if mania then 697s otherwise it will fade out going into EOY
I am looking at these FIBS, and i am...
It looks to me as if Bitcoin Cash has been following a perfect wyckoff accumulation schematic.
I am unsure if we have yet seen the Spring, or whether the recent long wick on June 10th was enough?
I would suggest we follow Path 1 or Path 2 as marked on the chart if we see the final phases of this accumulation.
This pattern would be invalidated if we see a loss...
This is the update for my previous view on BCH. Price managed to respect 150$ mark and also managed to liquidate its previous major low at 100$. But, because price couldn't close below 100, I believe now that as soon as BCH confirms that 93$ is now our next protected low, we can target buys towards 150 once again and now even towards 200$.
Bitcoin cash completing signs of accumulation, with the spring coming in last night.
Now looking for signs of strength likely with in the next couple days/weeks
***Easily the best Wyckoff Study case we've seen in a while.***
PLEASE YOLO YOUR LIVE SAVINGS *at your own risk* - NOT FINANCIAL ADVICE
It is still working on the previous analysis, nothing new is mentioned except that it ends the corrective fourth wave, then completes the decline in a fifth wave
This is the update for BCH. I strongly believe that BCH should liquidate lows from 108, BUT respect 105$. Once price does that, BCH should be ready to target 125$. Once price breaks above 125, it can finally target 150. But only if price breaks above 150$, we can finally say that BCH is bullish.
This is an important update for BCH. Price is still consolidating at the moment, but chances for BCH to break above 125$ are already increasing. It is important that BCH liquidates firstly those current lows below 100$, before even thinking of going back up, for a healthy new bullish leg.
