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| Price | ▼ 3.31% | ▲ 1.83% | ▲ 0.40% | ▼ 2.79% |
| Energy | ▼ 21.2 | ▼ 2.5 | ▲ 0.9 | ▼ 14.3 |
Trend of Neutral BCHUSD Daily
▸When BCHUSD is in Neutral:
- then BCHUSD moved to higher Market State: 101 times — 48.1%
- then BCHUSD moved to lower Market State: 109 times — 51.9%
▸Current BCHUSD market energy: -19.89%
- Distance to upper bound of Neutral (at 20.88%): 40.77%
- Distance to lower bound of Neutral (at -20.88%): 0.99%
"To truly understand anything, study its history" — 2AITRADING
As the Daily candle completes, BCHUSD shows the balanced Market Energy zone.
Meanwhile, Compared to the previous candle (-5.6%), Market Energy dropped -14.3% to -19.9%.
Time in Neutral energy zone: 5 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 -19.9 to +41.8.
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 17-01-2024 closed, BCHUSD was at 244.2, down 2.79% from the previous candle (251.2). Market Energy was -19.9%, down 14.3 points from -5.6%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did BCHUSD price move on this Daily candle, and how large is that historically?
BCHUSD closed at 244.2, down 2.79% from the previous Daily candle (251.2). This drop is larger than 58% of past drops on the Daily timeframe for BCHUSD, across 1,510 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy fell 14.3 percentage points from the previous candle — from -5.6% to -19.9%. This drop is larger than 64% of past drops on the Daily timeframe for BCHUSD.
Do BCHUSD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was BCHUSD in on the previous Daily candle?
The previous Daily candle had BCHUSD at -5.6%, Neutral — this candle kept the same state, no zone change.
Where does BCHUSD energy sit within the Neutral zone?
At -19.9%, BCHUSD is 40.77 points from the upper boundary of Neutral (20.88%) and 0.99 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 13.1%; GER40 (European equities) in Neutral with energy -7.4%. Against this backdrop, BCHUSD (Neutral, -19.9%) sits in the same state zone as 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 Bull Critical with Market Energy 62%. BCHUSD energy is currently below DXY by 81.8 points.
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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