After spending time inside the corrective wedge, BCH has finally broken out of the structure.
This is the part of the chart I was waiting to see.
The breakout doesn't mean the entire move is guaranteed from here. What matters now is whether BCH can hold the breakout and continue building momentum above the pattern.
For the mid-term view, there is one important resistance ahead.
That resistance is where I want to see how the market reacts.
If BCH reaches that area with strong momentum and breaks it cleanly, the structure can open the door for another leg higher.
If it gets rejected, a pullback would not automatically invalidate the bullish structure. In that situation, I would rather watch how price reacts around the previous breakout area before making a new decision.
So the idea here is quite simple:
The wedge has broken.
Now we watch how price behaves after the breakout.
Setup
Current structure: Bullish breakout from the corrective wedge
Main scenario:
Hold the breakout → continue higher → test the first major resistance.
Mid-term scenario:
A clean break and confirmation above the major resistance can create room for the next expansion.
If price pulls back:
The previous breakout area becomes important. A healthy retest followed by bullish price action can provide a better-defined setup than chasing the current move.
I would not treat the breakout itself as a reason to enter blindly.
The quality of the retest and the reaction around the important levels matter more.
A little fundamental context
Bitcoin Cash remains one of the older large-cap cryptocurrencies, with its original focus centered on peer-to-peer payments and relatively low-cost on-chain transactions.
For me, the fundamental news is supportive of paying attention to BCH, but the chart still has the final word on the setup.
What matters from here
The important part is that the wedge is no longer the resistance.
The market has already done the breakout.
Now we watch whether buyers can turn that breakout into a sustained move.
The next major resistance is the area I will be watching most closely for the mid-term.
Save this analysis.
When BCH reaches the marked targets or the structure changes, I'll update the analysis.
Risk Warning: This is educational market analysis, not financial advice. BCH and the wider crypto market can be highly volatile. Always define your risk and invalidation before entering a position.
This is the part of the chart I was waiting to see.
The breakout doesn't mean the entire move is guaranteed from here. What matters now is whether BCH can hold the breakout and continue building momentum above the pattern.
For the mid-term view, there is one important resistance ahead.
That resistance is where I want to see how the market reacts.
If BCH reaches that area with strong momentum and breaks it cleanly, the structure can open the door for another leg higher.
If it gets rejected, a pullback would not automatically invalidate the bullish structure. In that situation, I would rather watch how price reacts around the previous breakout area before making a new decision.
So the idea here is quite simple:
The wedge has broken.
Now we watch how price behaves after the breakout.
Setup
Current structure: Bullish breakout from the corrective wedge
Main scenario:
Hold the breakout → continue higher → test the first major resistance.
Mid-term scenario:
A clean break and confirmation above the major resistance can create room for the next expansion.
If price pulls back:
The previous breakout area becomes important. A healthy retest followed by bullish price action can provide a better-defined setup than chasing the current move.
I would not treat the breakout itself as a reason to enter blindly.
The quality of the retest and the reaction around the important levels matter more.
A little fundamental context
Bitcoin Cash remains one of the older large-cap cryptocurrencies, with its original focus centered on peer-to-peer payments and relatively low-cost on-chain transactions.
There is also a fresh market catalyst around BCH right now. Grayscale has filed to convert its Bitcoin Cash Trust into a spot Bitcoin Cash ETF, with the proposed vehicle intended to trade on NYSE Arca. The filing does not mean an ETF has been approved, but it has clearly become an important part of the current BCH narrative.
That development is worth keeping in mind because BCH has recently been moving with noticeably higher momentum. At the same time, the broader crypto market remains an important variable, and BCH has historically been capable of making relatively sharp moves in both directions.
For me, the fundamental news is supportive of paying attention to BCH, but the chart still has the final word on the setup.
What matters from here
The important part is that the wedge is no longer the resistance.
The market has already done the breakout.
Now we watch whether buyers can turn that breakout into a sustained move.
The next major resistance is the area I will be watching most closely for the mid-term.
Save this analysis.
When BCH reaches the marked targets or the structure changes, I'll update the analysis.
Risk Warning: This is educational market analysis, not financial advice. BCH and the wider crypto market can be highly volatile. Always define your risk and invalidation before entering a position.
✨ Learn • Analyze • Trade
📊 Free Analysis for Crypto • Forex • Gold
t.me/pullbacksignal
🎯 Price Action & Market Structure
📚 Trading Education & Market Insights
📊 Free Analysis for Crypto • Forex • Gold
t.me/pullbacksignal
🎯 Price Action & Market Structure
📚 Trading Education & Market Insights
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✨ Learn • Analyze • Trade
📊 Free Analysis for Crypto • Forex • Gold
t.me/pullbacksignal
🎯 Price Action & Market Structure
📚 Trading Education & Market Insights
📊 Free Analysis for Crypto • Forex • Gold
t.me/pullbacksignal
🎯 Price Action & Market Structure
📚 Trading Education & Market Insights
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.