Bitcoin Cash Accumulation broke below the zero line in June 2022 and consolidated around there for 6 months. BCH/USD Accumulation broke above the zero line in January 2023 and consolidated around there for 6 months. Now, after 12 long months, BCH/USD Accumulation jumped to the + 1 million Accumulation line over the past few days. Based on this BCH/USD Accumulation my long term price targets are in a wide range from 239 - 619 based on BCH/USD price discovery history angle of trajectory. I think it's likely 239 will act as resistance until it becomes support afterwards.
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6/27/23 update:
239 target hit at 11:53 exchange time
239 target hit at 11:53 exchange time
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6/28/23 update:
How do you know when Bitcoin Cash will cool off and go down for a significant pullback? Well I have been thinking about this. My answer to this question would be simple.
When BCH stops making higher highs and higher lows on the daily chart. So far BCH has had 10 days in a row of higher highs and higher lows.
So I would say it's fair to expect a pullback when the next daily candlestick does not have a higher high and higher low than the previous candlestick as a confirmation.
How do you know when Bitcoin Cash will cool off and go down for a significant pullback? Well I have been thinking about this. My answer to this question would be simple.
When BCH stops making higher highs and higher lows on the daily chart. So far BCH has had 10 days in a row of higher highs and higher lows.
So I would say it's fair to expect a pullback when the next daily candlestick does not have a higher high and higher low than the previous candlestick as a confirmation.
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6/29/26 update
Bitcoin Cash just hit $326.42
2:38 exchange time 6/30/23
Bitcoin Cash just hit $326.42
2:38 exchange time 6/30/23
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BCH printed June 2023 exchange time Monthly candlestick $304.34 close.
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BCH 1 month chart sma50 is $323.40 so I am expecting significant resistance from here. I will be selling half of my position as a hedge.
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BCH $260 is currently acting as support
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BCH $225 is the next best place to go long.
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Bitcoin Cash has formed a bull pennant or is still forming a bull flag. The confirmation will be a breakout of the bull flag formation or a breakdown of the bull pennant formation.
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7/14 snapshot update BCH has rolled over obviously:
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BCH is holding the 260 level while the bollinger bands consolidate.
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The lack of momentum is something to be concerned about. I'm setting alerts at different levels.
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7/15 snapshot update BCH is still rolling over...
Keeping an eye on BCH/BTC 1w, 3d, 1d, 12hr, 4hr, 15m:
Keeping an eye on BCH/BTC 1w, 3d, 1d, 12hr, 4hr, 15m:
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*If this Bitcoin Cash pattern repeats itself, then BCH can hit 373 by August 6th 2023:
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Looks like BCH 238 support will hold. We'll see if there's a bull run the next week.
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BCH 8/9/23 snapshot update:
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BCH is on the verge of a breakout OR a gnarly breakdown:
Trading indicators:
www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/
BBMC indicator levels expanding on the 1 week chart. Settings VWMA13 with fib standard deviations.
Basis = 139
1.236 = 171
2.382 = 202
3.5 = 232
4.618 = 261
5.786 = 292