My entry here isn't the best but the BCH/BTC chart looks clean. Lightning network developers are jumping ship from bitcoin core, it has no utility.
Possible Bitcoin Cash ETF rumors. If we see Bitcoin go to 35-45k I think this will see around 450 at least.
In the long run if there is a spot Bitcoin Cash ETF this will probably go back up to 0.1 BTC
may stop...
🧠Today we fell below the uptrend line, which means that we will most likely continue our short position. In the afternoon, we completely broke away from the resistance zone and adjusted a descending triangle model within a small time level (generally we fall according to this model ), so we laid out market traps based on certain signals and logic. In the end, we...
Eyeing 333 pattern or a double zig zag in Elliottwave language.
This first drop towards (W) just doesnt seem to be enough for this thing to pump from right here.
Reason why i say that is because the current price action from (w) doesnt look like a motive wave. Its more overlapping and corrective. So , waiting for lower low on this one before i touch it.
Bitcoin's Influence: The BCH price is influenced by Bitcoin's performance and the anticipation of a Bitcoin Spot ETF.
Current Status: BCH is trading at $243.48, experiencing an intraday fall of 1.56%.
Psychological Barrier: $250 remains a significant resistance level for BCH.
Technical Indicators - RSI: The RSI has hit the overbought boundary and is now reflecting...
➡️First of all, our general direction is bullish, but a potential smiley face bearish structure has formed in the resistance zone, and there is a certain contradiction.
🧠We don’t need to guess which way the market will go, we just need to wait for a clear signal: if we choose to continue to break through the short defense point, then the bulls will continue. If...
BCHUSD / BitcoinCash forming an ascending triangle pattern. Target around $326.00 based on vertical triangle measurement, which coincides with the top set back in June.
Bitcoin Cash BINANCE:BCHUSDT is on the cusp of a significant breakout, currently consolidating within a well-defined cup and handle pattern. A breach from this pattern signifies a potential upward surge towards robust resistance zones around $280 and $300. With current price at $230.
Pattern Analysis: Bitcoin Cash is consolidating within a cup and handle...
Potential Turnaround: BCH price action hints at a possible breakout above the $250 mark.
50-day EMA: The price reverts from the 50-day EMA, indicating demand at lower levels.
Psychological Mark: A breakout at $250 could push BCH beyond the $300 mark.
Year-to-Date Growth: BCH has shown a remarkable 135% growth in 2023.
Uptober Season: Ongoing season and Blackrock...
Here, let's have a closer look:
Bitcoin Cash is trading above all the moving averages.
EMA10/21/50/100/200/300 & MA200, the ones we track.
After breaking out of the falling wedge (red), we have a rising channel (blue).
The upper boundary of the channel will break by a strong move... A huge big candle, multiple candles...
Notice how volume is much higher after...
Sharp Fall: BCH price crumbles an inverted head and shoulders pattern.
Below 50-day EMA: BCH price is now below the 50-day EMA and nearing the 200-day EMA.
13% Drop: The coin has seen a 13% drop in the last ten days.
Uptober Spirit: Fails to break above the $250 mark, questioning the spirit of Uptober.
Resistance Zone: $250 acts as a strong resistance, causing a...
BCH broke down from the daily trend line and from few days consolidating…. Wait for retest of the broken support that turn to resistance already and short from there to 180…. Manage your risk
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After finding support at the 0.382 Fibonacci level, BCH rebounded to the 0.618 level but faced effective resistance. After breaking below the trendline, the target range is set at $165-175.
BCH is playing a triangle in the begining and currently in the e wave. Ready to next leg down. It can be either a double zig zag pattern or a impulsive wave. More like a impulsive wave
The volume weakness in bitcoin cash seems to have generated a double top in order bloks, will it manage to break out and take over the next liquidity gap?
Inverted Head & Shoulders: BCH displays an inverted head and shoulder pattern with a neckline at $250.
Overhead Supply: Despite crossing $250, BCH faced a pullback due to overhead supply.
Potential for $300: If BCH sustains above $250, it could reach $300.
Bullish October: The overall market, including Bitcoin, is bullish, positively affecting BCH.
Current Price:...
