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| Price | ▲ 1.05% | ▲ 1.47% | ▼ 3.84% | ▼ 5.03% |
| Energy | ▲ 9.4 | ▲ 10.2 | ▼ 15.5 | ▼ 86.8 |
Trend of Bear Bias BCHUSD Daily
▸When BCHUSD is in Bear Bias:
- then BCHUSD moved to higher Market State: 130 times — 66%
- then BCHUSD moved to lower Market State: 67 times — 34%
▸Current BCHUSD market energy: -47.48%
- Distance to upper bound of Bear Bias (at -20.88%): 26.6%
- Distance to lower bound of Bear Bias (at -60%): 12.52%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
After the Daily session ends, BCHUSD reflects the energy state leaning Bear.
On trend energy, Market Energy moved from 39.4% to -47.5%, down -86.8% from the previous candle.
Time in Bear 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 -47.5 to +54.9.
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 23-07-2024 closed, BCHUSD was at 366.5, down 5.03% from the previous candle (385.9). Market Energy was -47.5%, down 86.8 points from 39.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did BCHUSD price move on this Daily candle, and how large is that historically?
BCHUSD closed at 366.5, down 5.03% from the previous Daily candle (385.9). This drop is larger than 80% of past drops on the Daily timeframe for BCHUSD, across 1,698 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy fell 86.8 percentage points from the previous candle — from 39.4% to -47.5%. This drop is larger than 99% 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 39.4%, Bull Bias — when this candle closed, BCHUSD moved down to a lower zone: Bull Bias → Bear Bias.
Where does BCHUSD energy sit within the Bear Bias zone?
At -47.5%, BCHUSD is 26.6 points from the upper boundary of Bear Bias (-20.88%) and 12.52 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bias with energy 36.7%; GER40 (European equities) in Bull Bias with energy 56.4%. Against this backdrop, BCHUSD (Bear Bias, -47.5%) 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 Neutral with Market Energy -9.9%. BCHUSD energy is currently below DXY by 37.6 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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