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| Price | ▲ 1.50% | ▼ 0.25% | ▲ 7.64% | ▼ 3.85% |
| Energy | ▲ 19.7 | ▼ 11.7 | ▲ 31.8 | ▼ 17.9 |
Trend of Bull Bias BCHUSD Daily
▸When BCHUSD is in Bull Bias:
- then BCHUSD moved to higher Market State: 85 times — 41.3%
- then BCHUSD moved to lower Market State: 121 times — 58.7%
▸Current BCHUSD market energy: 56.74%
- Distance to upper bound of Bull Bias (at 60%): 3.26%
- Distance to lower bound of Bull Bias (at 20.88%): 35.86%
"To truly understand anything, study its history" — 2AITRADING
BCHUSD processing result: the energy level leaning Bull after the Daily candle closed.
Looking at the Market Energy reading, Energy delta -17.9%: Market Energy at 56.7%, previously 74.7%.
Time in Bull Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, BCHUSD Market Energy ranged from +12.8 to +74.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did BCHUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 24-10-2023 closed, BCHUSD was at 251.9, down 3.86% from the previous candle (262). Market Energy was 56.7%, down 17.9 points from 74.7%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did BCHUSD price move on this Daily candle, and how large is that historically?
BCHUSD closed at 251.9, down 3.86% from the previous Daily candle (262). This drop is larger than 71% of past drops on the Daily timeframe for BCHUSD, across 1,425 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy fell 17.9 percentage points from the previous candle — from 74.7% to 56.7%. This drop is larger than 73% of past drops on the Daily timeframe for BCHUSD.
Do BCHUSD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was BCHUSD in on the previous Daily candle?
The previous Daily candle had BCHUSD at 74.7%, Bull Extreme — when this candle closed, BCHUSD moved down to a lower zone: Bull Extreme → Bull Bias.
Where does BCHUSD energy sit within the Bull Bias zone?
At 56.7%, BCHUSD is 3.26 points from the upper boundary of Bull Bias (60%) and 35.86 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Neutral with energy -4.8%; GER40 (European equities) in Neutral with energy -20.7%. Against this backdrop, BCHUSD (Bull Bias, 56.7%) has higher energy than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Extreme with Market Energy -92.9%. BCHUSD (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for BCHUSD.
Open Energy ChartSee the full 2AiTrading Model data for BCHUSD on the BCHUSD overview →
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