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| Price | ▲ 2.54% | ▲ 6.59% | ▲ 1.23% | ▲ 0.40% |
| Energy | ▲ 14.1 | ▲ 12.0 | ▼ 11.1 | ▼ 15.1 |
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: 37.89%
- Distance to upper bound of Bull Bias (at 60%): 22.11%
- Distance to lower bound of Bull Bias (at 20.88%): 17.01%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Daily session ends, BCHUSD shows Bull Bias.
On the energy side, Market Energy dropped -15.1% this candle, currently 37.9% (previous candle 53%).
Time in Bull Bias energy zone: 2 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 +37.9 to +64.1.
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 29-02-2024 closed, BCHUSD was at 297.6, up 0.4% from the previous candle (296.4). Market Energy was 37.9%, down 15.1 points from 53%, 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 297.6, up 0.4% from the previous Daily candle (296.4). This rise is larger than 10% of past rises on the Daily timeframe for BCHUSD, across 1,553 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy fell 15.1 percentage points from the previous candle — from 53% to 37.9%. This drop is larger than 67% of past drops on the Daily timeframe for BCHUSD.
Do BCHUSD price and energy agree?
No. This candle recorded a price rise with energy moving the other 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 53%, Bull Bias — this candle kept the same state, no zone change.
Where does BCHUSD energy sit within the Bull Bias zone?
At 37.9%, BCHUSD is 22.11 points from the upper boundary of Bull Bias (60%) and 17.01 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 Neutral with energy 9.1%; GER40 (European equities) in Neutral with energy 7.7%. Against this backdrop, BCHUSD (Bull Bias, 37.9%) 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 Bias with Market Energy -36.3%. 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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