Bitcoin Cash levelsBitcoin Cash levels on the 1-day chart: In my opinion BCH is the highest upside probability and lowest downside risk crypto asset at the $99 level. Plus, it's future utility is undervalued considering it has the same rareness of 21M tokens, much lower transaction fees than BTC, with much faster transaction times. It has a 6 year price discovery history that brings it near its all time low currently. Furthermore, BCH supports smart contracts. I think it makes sense to HODL for 2023 and add more on dips now. No sense selling BCH at these levels imo. The biggest downside is it could take a long time for BCH to get out of a sideways range.
SMA200 = $115
VWMA13 Bollinger-Bands.Multi_Choice:
top = $107.54
R3 = $105.61
R2 = $103.67
R1 = $101.74
pivot = $99.80
S1 = $97.86
S2 = $95.93
S3 = $93.99
bottom = $92.06
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BCHUSD.P trade ideas
Delisted this monthMajor announcement
Many cryptocurrencies are getting removed from exchanges this year.
As those tokens get moved to other exchanges more supply is added
and if trade volume doesn't peak the assets value will decrease big time.
Bitcoin cash
Ethereum Classic
XRP
XLM
and so many more are leaving major exchanges.
Stay up to date and make sure your not buying or holding delisted tokens.
BCHUSD Short
The long-term downward trend continues.
The initial targets derived from the "Head & Shoulders" pattern have been reached around $92.
At the moment there is an accumulation area in the form of a descending rectangle, which is likely to be broken down.
The next scenario I expect is that Bitcoin Cash will fall to $63-73 and either Double Bottom or Small Spring will be formed.
BCH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BCH/USDT 1DAY chart update.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower.
Following a low of $103.09 on Tuesday, BCH/USD surged to an intraday peak of $109.09 earlier in today’s session.
The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00.
As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00.
The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own.
Currently, the index is tracking at 46.52, which is above the aforementioned ceiling of 45.00.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin Cash Retracement LevelsSaint Kitts and Nevis may be adapting BTC as legal tender in 2023, but that won't prevent the asset from retracing first, which works to the advantage of the savvy crypto investor. I see BCH reaching possibly beyond the 2.618% Fibonacci retracement level in the short term as the markets reset during this bear winter. We may markup, but any markups above TRR most likely will not be sustained prior to the macro sell-offs.
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BTC Step-brother may be bear market proofThe black sheep of the family, BCH, the forgotten child of the 2017 frenzy hard fork. Its actually an interesting project and already has a nice set-up of merchants in North Queensland and some places in the caribbean. I think this coupled with the fact it has enough supporters that believe it the project and are willing to buy the dips. I have to admit that the BCHBTC graph is quite ugly and may suggest that simply buying BTC is the best play but possibly buying BCHUSD inside the highlighted channel could see a nice return over the coming years. If you believe the tinfoil hat brigade on reddit then there is a chance that exchnages are causing a lot of selling pressure on BCH. Its also important to remember that BTC and the Bitcoin forks don't have CEO or angel investors looking for profit taking spots, so unlike a lot of crypto projects you wont get dumped on during a brutal bear market. As always i dont really have a clue and i'm just a dude who likes drawing lines on weekly charts. Not financial advice, so its not.
BCHUSD (4H) - Bullish Wave LTFHi Traders
BCHUSD (4H Timeframe)
A med-high probability, entry signal to go LONG will be given with the upward break of 116.60 after the market found support at 113.50. Only the downward break of 113.50 would cancel the bullish scenario.
Trade details
Entry: 116.60
Stop loss: 113.50
Take profit 1: 125.00
Take profit 2: 131.50
Score: 7
Strategy: Bullish Wave LTF