Yello Paradisers! is #BCH preparing for its next bullish impulse from this key retracement zone?
💎#BCH has started showing several signs that the bearish pressure may be weakening. Price first formed a hidden bullish divergence near the bottom and then shifted from printing lower lows into a higher-high structure. This change was followed by a strong bullish impulse, suggesting that momentum may be starting to shift in favor of buyers.
💎What makes the current structure even more interesting is the weakness of the corrective moves. After the first bullish impulse, #BCH moved lower only through a relatively weak correction, indicating limited selling pressure. The following bullish impulse was again strong, while the next correction once more failed to show meaningful bearish strength.
💎This type of price action often signals that sellers are gradually losing control while buyers are becoming more aggressive.
💎At the moment, BCHUSDT appears to be forming an ABC correction of the latest bullish impulse. More importantly, price has now reached the 0.618–0.786 Fibonacci retracement zone, an area where a new bullish impulse could potentially begin if buyers step back into the market.
💎For that reason, the current zone represents an attractive area to monitor for a potential long setup. However, entering blindly would be a mistake. We still want to see clear bullish confirmation from this zone before considering the setup validated.
The structure is becoming increasingly favorable for buyers, but patience remains essential. A strong trader does not chase the market; the priority is always to wait for confirmation and take only the highest-probability opportunities.
Strive for consistency Paradisers, not quick profits. Treat the market as a businessman, not as a gambler.
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Sep 15, 2026 · byTradingView Ideas