Bitcoin Cash Long Trade Setup๐ Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
Always follow the trend and manage risk wisely!
Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts.
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BCHUSDT.P trade ideas
BCH Price ZonesAfter finishing the 5-wave uptrend for BLACK 1, the correction is going far (as with most altcoins).
I am still considering we are inside BLACK 2, but we are currently in a bearish zone.
A break of the green descending trendline below gray resistance, turns my bias NEUTRAL. Only above gray resistance we would be really bullish again.
BCH LongBCHUSDT - Bullish Market Structure Shift (MSS) with Liquidity Targets
Setup Overview:
BCH/USDT is showing a strong bullish Market Structure Shift (MSS).
Price has recently taken out sell-side liquidity, confirming a shift in market sentiment from bearish to bullish.
With this shift, the price is now expected to rally towards the buy-side liquidity, which is located higher in the chart.
Key Levels:
Sell-side Liquidity: At 436.0 USDT, price has cleared this level, indicating that sell orders have been absorbed and a reversal is in play.
Buy-side Liquidity: The key target for this move is around 803.1 USDT, which represents the next significant liquidity zone above.
Trade Plan:
Entry:
Enter the trade after confirming the bullish reversal at the current price level, following the market structure shift.
Stop: Place a stop below the recent low (just under the sell-side liquidity level) to protect against potential reversals.
Target: Set a target near 803.1 USDT, as the price aims for the buy-side liquidity.
Conclusion:
With the MSS confirming a shift to a bullish market structure after clearing sell-side liquidity, BCH/USDT is poised to move upwards towards the buy-side liquidity at 803.1 USDT. Watch for the confirmation of upward momentum before entering the trade.
Bitcoin Cash Bouncing from Trendline โ Next Stop $600?"Bitcoin Cash (BCH) has bounced multiple times from the rising trendline, confirming it as a strong support level.
The price is now testing the nearest resistance zone, and a breakout could lead to a significant upside move.
PLEASE HIT THE LIKE BUTTON TO SHOW YOUR SUPPORT.
Thank you
BCHUSDT will outperform other altcoinshi traders,
Since reaching a 700ish high in April 2024, BCHUSDT has experienced a 61 % correction.
I expect that things are about to change for BCH and it will happen very very soon.
The support seems to be holding strong and I really don't see a reason why the price should go below 400$ again.
The expected outcome is visualized on the chart.
Good luck
bch long midterm"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
Is BCHUSDT Preparing for a Bullish Reversal or a Steeper Drop?Yello, Paradisers! Are you watching BCHUSDT closely? If not, you might be missing out on a critical setup that could define the next big move. Letโs dive in.
๐BCHUSDT has retraced beautifully within a descending channel, a textbook setup that raises the odds of a potential bullish breakout. However, as always, we must be strategic and patient.
๐If BCHUSDT approaches key support zone after triggering inducement and then begins to form a bullish I-CHoCH (internal change of character) on lower timeframes, the probability of an upward move significantly increases.
๐Should the price fail to show any bullish structure and continue to decline, a bounce from the next strong support zone could still be expected. However, the chances of dropping further from that point are relatively low.
๐Panic selling could change the game entirely. If BCHUSDT breaks below the strong support zone and closes a candle beneath it, the bullish thesis is invalidated. In such a scenario, itโs wiser to step back and wait for clearer price action before taking any positions.
๐ Patience is key, Paradisers! Always wait for the highest probability setups to ensure consistent profitability. Remember, discipline and strategy are what separate the winners from the rest.
MyCryptoParadise
iFeel the success๐ด
bch sell midterm buy limit"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
BITCOIN CA$HThe long-term pattern is an inverted H&S pattern, but I expect a bull cycle before Bitcoin Cash tries to break the shoulder at $150-$200. The previous ATH or even $2000 can be reached before that. I don't dare to say $150, but that's possible because of the head and shoulders pattern.
There is another possibility: a double bottom. If BCH fails to hold $400, that would again mean the price will get close to the ATL.
But if BCH breaks and stays above MIL:1K which is unlikely to happen, we can expect a new high.
Potential rally on Bitcoin CashHello, Traders!
Bitcoin Cash (BCH) has dropped into a strong support zone within the $400โ$420 price range, creating a potential setup for a rebound.
This movement coincides with Bitcoin (BTC) also testing a significant support level near $91,000, which adds confluence to the possibility of a market-wide bounce from current levels.
After rallying above the $600 price level last month, BCH has entered a correction phase. However, this pullback may set the stage for the next leg of its uptrend.
Notably, BCH still has significant room for growth, as it has yet to revisit the highs it achieved in April when it surged above $700.
The current price action indicates a strong buyer interest in the $400โ$420 zone, as BCH has already shown a positive reaction to this level.
If BTC maintains its stability and avoids further declines, the bullish momentum for BCH could gain traction, leading to the next wave of upward movement.
Key levels to watch include a potential breakout above $490, which could signal the start of a sustained rally.
Traders should also monitor the broader crypto market dynamics, particularly Bitcoin price action, as it remains a critical driver for altcoin performance.
Please donโt forget to boost this idea and leave your comments below.
Bitcoin Cash Reclaims Support: Eyeing $520 TargetThe BCH/USDT chart is showing bullish momentum as it approaches a critical resistance zone around $475-$480.
The price has reclaimed the $450-$460 support area, which previously acted as a strong demand zone, indicating a potential continuation of the upward trend.
DYOR, NFA
BCH/USDT Analysis (4H Chart)Currently, Bitcoin Cash is showing a bullish momentum with a breakout attempt above the $478.1 resistance zone. I have set a stop buy order slightly above this level to open a trade, as confirmation of the breakout could lead to further upward movement.
Key Levels:
Resistance 1: $478.1 (Breakout Zone)
Resistance 2: $530.2
Support 1: $454.1
Support 2: $413.1
Trade Setup:
Entry: Stop Buy at $480.3
Take Profit: $530.2
Stop Loss: $454.1
The RSI on the 4-hour timeframe is at 66.19, indicating momentum is shifting towards overbought but still has room for further growth.
If the breakout fails and the price falls below $478.1, I will reassess for potential downside opportunities. Letโs see how this plays out!
bchusdt buy "๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
TradeCityPro | BCHUSDT Final Analysis of 2024๐ Welcome to TradeCityPro Channel!
Welcome to the last analysis of 2024! The Trade City Pro team is very happy to have been with you this year and, at your request, has resumed its activity on TradingView. Our first analysis dates back to 2021 on this platform. :)
๐ Overview Bitcoin
Now letโs analyze Bitcoin Cash (BCH) together in the final hours of this year. But remember, tomorrow is the most holiday-packed day of the year, with about 60% of the worldโs population enjoying their break, which means trading activity is expected to be low.
Before starting the analysis, as always, letโs take a quick look at Bitcoin. On the 1-hour timeframe, it has rejected resistance, and the RSI failed to enter overbought territory, returning to the 91830โ95753 box. Itโs likely that Bitcoin will range within this box tomorrow.
Alongside this rejection, Bitcoin dominance has been trending upwards, causing altcoins to experience deeper red candles on the last day of the year.
๐ Weekly Timeframe
On the weekly timeframe, BCH is one of those coins that is still bullish. It recorded higher lows in both 2023 and 2024 and has shown good performance. The $94.8โ$138.2 range corresponds to Bitcoinโs $16k zone.
If you bought from lower levels, itโs reasonable not to make any moves for now and continue holding your position. You can consider withdrawing your initial capital and exiting below $302.4 if a weekly candle closes there.
Personally, Iโm not entering this coin right now, but the $689.5 trigger on the weekly timeframe is a key level. After breaking this, BCH is likely to enter the overbought zone with higher volume. Therefore, taking risks and buying at $302.4 or $424.2 could be logical.
๐ Daily Timeframe
On the daily timeframe, after breaking through the daily resistance box at $369.8, which gradually lowered its resistance, BCH started its upward move and was rejected at $623.4, leading to the key support level of $432.0.
This support is very important as it can change the corrective momentum and enable BCH to test the highs again. If it breaks, BCH could drop to $369.8.
During the uptrend and box breakout, volume increased, which is a good sign. However, volume decreased during the decline, which is also positive. Still, todayโs daily candle shows significant volume with an upper shadow, increasing the likelihood of further downside.
โฑ 4-Hour Timeframe
On the 4-hour timeframe, we see that volume is at its lowest, and trading activity is minimal. If youโre trading, open positions with lower risk.
At the $622.1 level, a fake breakout occurred. This is a trader-trapping strategy where, after faking a support or resistance, we look for the first breakout trigger on lower timeframes and open a risky position, as fake breakouts can sometimes reverse trends.
๐ Long Position Trigger
since BCH is at a relatively higher level than most altcoins, we can open one after breaking $453.6, but with a small stop-loss and quick profit-taking.
๐ Short Position Trigger
BCH is at critical support, and after breaking $431.2, thereโs no significant support until $383.3, making it possible to open a short position. Just remember that market volume is very low, so trade with reduced risk and exit promptly when necessary. Iโll indicate whether to use a larger stop-loss like last monthโs uptrend or not when itโs required.
๐ Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and donโt forget to share this analysis with your friends! โค๏ธ
#BCH (SPOT) entry ( 400.0- 460.0)T.(0.3790) SL(390.5)BINANCE:BCHUSDT
#BCH/ USDT
Entry ( 400.0- 460.0)
SL 1D close below 390.5
T1 600.0
T2 740.0
T3 1000.0
______________________________________________________________
Golden Advices.
********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
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My total posts
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#BCH (SPOT) entry range ( 1.270- 1.480) T.(3.259) SL(1.238)BINANCE:BCHUSDT
entry range ( 317.0- 360)
Target1 (508.0) - Target2 (599.0) - Target3 (655.0)
SL .1D close below (307.8)
* Note the coin is very heavy, It may take time to achieve all targets.
Golden Advices.
**********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
**********************
My total posts
(tradingview.sweetlogin.com )
1Million Journey
( tradingview.sweetlogin.com )
( tradingview.sweetlogin.com )
********************************************************************************************************************** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BCH .
BCH/USDT Analysis#BCH/USDT Analysis
NYSE:BCH holding strong after recent correction๐
BCH has maintained its macro higher low, showing resilience and building a solid base for a reversal.
Exciting Rumors Buzzing! ๐
Rumors suggest a potential BCH x PayPal partnership to introduce crypto-friendly global payments ๐.
Every PayPal crypto transaction could integrate BCH, increasing its utility and adoption massively.
BCHUSDT, 10% further downside Bchusdt seems to have a strong bearish pressure, futrher downside is expect from it's current price level of up to 10%, and if that level doens not hold, we may see more downside as the new year rolls in. trade with proper risk management, the market will always be there, and there will always be a better next trade.