Whipsaw signals are piling up: while Bitcoin Cash slides toward a critical floor and Hedera sinks below all its moving averages, a fast-growing presale narrative—BlockDAG—claims 3.5M app users and a Binance AMA, setting up a high-volatility weekend for event-driven traders. Here’s the edge: know the levels that matter, the funding flips that hint at positioning, and how to approach presale-to-listing catalysts without getting trapped in illiquidity or “sell the news” whiplash.
What’s Happening Now
Bitcoin Cash (BCH) is trading under $520 with downside momentum confirmed by a negative OI-weighted funding rate (-0.0007%), RSI ~39, and a bearish MACD crossover. A close below the 200D EMA (~$506) opens room toward $450 support; rebound odds improve only if price reclaims $542.50 with volume.
Hedera (HBAR) lost the MA-20/50/200 cluster and trades around $0.166–0.17, with oscillators in oversold. Near term, experts see a $0.1686–$0.1831 range and a sub-20% breakout probability. A sustained daily close back above $0.1734 would be the first credible sign of a momentum turn.
BlockDAG (BDAG) reports a presale tally above $432M, more than 27B coins sold, 312k holders, and 3.5M X1 app users. A Binance AMA is scheduled for Oct 24, 3 PM UTC. The team teases listings on multiple exchanges and a “confirmed” listing price of $0.05—claims that traders should treat as catalysts but verify in real time.
Why It Matters for Traders
- BCH sits on a trend inflection: the 200D EMA often decides whether pullbacks become full trend reversals. Losing it can accelerate stops into $450. - HBAR is oversold, but without a reclaim of key levels, bounces risk “dead-cat” status. Liquidity pockets cluster near $0.173–0.183. - Presale-to-listing narratives (BDAG) can generate sharp, short-lived moves. Event timing, liquidity depth, and exchange quality typically dictate P&L more than headlines.
Actionable Levels and Setups
- BCH: Bias stays defensive below $506. Consider waiting for either a confirmed breakdown to $450 (look for momentum continuation and rising volume) or a reclaim of $542.50 with strong participation before attempting longs. Invalidation: daily close back inside the broken level.
- HBAR: Treat $0.1734 as a trigger. A daily close above it, followed by a successful retest, can open a move into $0.183. If price remains below, range tactics (fade edges, take quick profits) are favored.
- BDAG (event-driven): If trading the AMA/listing narrative, prepare for gap risk and slippage. Track live order books on the first venues to list. Consider scaling entries and using hard stops; avoid market buys into thin books.
Risk Checklist Before You Act
- Liquidity: Verify depth and spreads on each exchange; avoid chasing thin wicks.
- Funding & Positioning: Negative BCH funding suggests shorts are crowding—watch for squeezes around key levels.
- Presale Claims: “Confirmed listings” and target prices can change; confirm announcements via official exchange channels before deploying capital.
- Execution: Use limit orders, stagger entries, and predefine stop-loss and take-profit levels.
- Sizing: Keep bet sizes small around catalysts; volatility and slippage can exceed backtests.
Bottom Line
The single most tradable insight: BCH’s 200D EMA (~$506) is the near-term pivot. Lose it and the path to $450 opens; reclaim $542.50 with volume and the bull case revives. For HBAR, demand proof of strength above $0.1734. For BDAG, treat AMA/listing buzz as a catalyst, not a guarantee—trade the order flow, not the headline.
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