I just wanted to point out where I believe we are in the LTCN cycle. BCHG seems to have front run LTCN in this cycle. BCHG broke through the .786 and corrected perfectly down to touch the .7 LTCN is correcting are the .618 where BCHG didnt. So what I see is LTCN is going to break the .786 at $132 spike up to $160 and then come back down to the .7 at $84 before...
Previous BCH halvening (04/08/2020) the price was $267
The upcoming halvening the supply will be cut in half again, so price will need to double compared to previous halvening in order for miner's to stay profitable.
Price target of $530ish
Today, we want to focus your attention on the global and maximum chart of the BCHUSDT trading pair
In August 2017, it was "a very hot summer": the alt season was in full swing, and there was also a BTC fork, as a result of which Bitcoin holders received free BCH 1:1. The same manipulation took place after during the fork of Bitcoin Gold - another sad fork...
I wanted to take a moment to share some exciting news with you - Bitcoin Cash (BCH) has been outperforming Bitcoin (BTC) since the recent halving event!
In the weeks following the halving, BCH has shown remarkable resilience and growth, surpassing BTC in terms of price appreciation and overall market performance. This is a clear indication of the strength and...
Bitcoin Cash (BCHUSD) is posting a very aggressive 2-week rally but short-term buyers should get too comfortable as it is approaching a landmark Resistance. That is the Lower Highs trend-line that started on the December 2017 All Time High (ATH). The previous Bull Cycle got rejected on that trend-line, guided by a Channel Up, below the 0.786 Fibonacci retracement...
Bitcoin Cash is moving strongly bullish and trying to break through the key resistance zone of $471-$488.
A bullish break-out and a daily candle closure above $488 will lead to re-test of $528 and a strong bullish move towards $600.
An inability to sustain the price action above $471-$488 will lead to a dip to $435.
Trade setup : Bullish breakout from a Bullish Pennant pattern, in the direction of the existing Uptrend. Price could revisit $500 for +10% upside potential or higher. Stop Loss (SL) level at $415.
Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction),...
Bitcoin Cash (BCH) is a cryptocurrency that originated from a fork of the Bitcoin (BTC) blockchain in 2017. It was created to address some of the scalability issues of Bitcoin by increasing the block size, allowing for more transactions to be processed at a faster rate and with lower fees. The goal of BCH is to serve as a global peer-to-peer payment system....
Lets take a quick look at the BTC pair in LOG SCALE:
Consider this to be pornographic chart content
BCH is gonna finish a 5+ year long falling wedge after hitting exactly 2.618 fib level
Once this break out, its gone with a BOOM !
Hold my beer pls
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No financial advice, do your own research, don't be stupid
#BCH
We have a strong ascending symmetrical triangle and inside it another ascending triangle that has been positively broken upwards.
Currently the upper boundary of the triangle has been broken.
Expected growth of the pair with correction before completing the ascent
Price Now 248.50
First Goal 278.40
Second Goal 325.90
We have oversold on MACD.
And a strong...
Bitcoin Cash is trying to reverse from the daily support zone of $377-$395.
A bullish reversal from this support zone will result in a move to re-test $435-$451.
A bearish break-out of $377-$395 will push BCH price lower towards $341.
Intraday Chart
The BCHUSDT 4-Hour chart is trying to escape bearish zone and get back to above $389. ...
◉ Preferred count
● COINBASE:BCHUSD ,🕐TF: 1D
🔮Forecast from 01/24/2022; Fig.1
● COINBASE:BCHUSD ,🕐TF: 1D
🔮 Forecast from 06/21/2023; Fig.2
● COINBASE:BCHUSD ,🕐TF: 1D
🔮 Forecast from 03/05/2024; Fig.3
The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 .
Inside the triangle,...
Bitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle...
The BINANCE:BCHUSD.P is moving within a parallel channel on the chart. I have marked my target on the graph.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
The price structure is bullish. A resistance range has been strongly broken, but we did not have a pullback on this range.
It is expected that if a pullback is made at this level, the price will jump higher.
I specified the targets on the chart.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky,...
