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| Price | ▲ 0.92% | ▼ 2.89% | ▼ 0.79% | ▼ 1.03% |
| Energy | ▲ 2.2 | ▼ 8.8 | ▼ 5.2 | ▼ 5.7 |
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: 33.26%
- Distance to upper bound of Bull Bias (at 60%): 26.74%
- Distance to lower bound of Bull Bias (at 20.88%): 12.38%
"History always repeats itself, one way or another" — 2AITRADING
Energy leaning Bull recorded from just-completed Daily candle data for BCHUSD.
Observing the BCHUSD market this session, Market Energy dropped -5.7% from the previous session, from 39% to 33.3%.
Time in Bull Bias energy zone: 8 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 +33.3 to +53.
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 22-02-2024 closed, BCHUSD was at 260.4, down 1.03% from the previous candle (263.1). Market Energy was 33.3%, down 5.7 points from 39%, 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 260.4, down 1.03% from the previous Daily candle (263.1). This drop is larger than 24% of past drops on the Daily timeframe for BCHUSD, across 1,546 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy fell 5.7 percentage points from the previous candle — from 39% to 33.3%. This drop is larger than 33% 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 39%, Bull Bias — this candle kept the same state, no zone change.
Where does BCHUSD energy sit within the Bull Bias zone?
At 33.3%, BCHUSD is 26.74 points from the upper boundary of Bull Bias (60%) and 12.38 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bull Extreme with energy 98.9%; GER40 (European equities) in Bull Extreme with energy 86.5%. Against this backdrop, BCHUSD (Bull Bias, 33.3%) lower 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 Bias with Market Energy -35%. 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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