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| Price | ▼ 5.31% | ▲ 3.56% | ▼ 9.73% | ▼ 11.04% |
| Energy | ▼ 7.3 | ▼ 4.1 | ▼ 18.0 | ▼ 45.7 |
Trend of Bear Bias BCHUSD Weekly
▸When BCHUSD is in Bear Bias:
- then BCHUSD moved to higher Market State: 20 times — 69%
- then BCHUSD moved to lower Market State: 9 times — 31%
▸Current BCHUSD market energy: -24.87%
- Distance to upper bound of Bear Bias (at -20.88%): 3.99%
- Distance to lower bound of Bear Bias (at -60%): 35.13%
"Does history really repeat itself?" — 2AITRADING
The Bear Bias state determined for BCHUSD through the Weekly candle data.
On trend energy, Market Energy dropped -45.7% this candle, currently -24.9% (previous candle 20.9%).
Time in Bear Bias energy zone: 1 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did BCHUSD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 17-06-2024 closed, BCHUSD was at 381.1, down 11.04% from the previous candle (428.4). Market Energy was -24.9%, down 45.7 points from 20.9%, 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 Weekly candle, and how large is that historically?
BCHUSD closed at 381.1, down 11.04% from the previous Weekly candle (428.4). This drop is larger than 76% of past drops on the Weekly timeframe for BCHUSD, across 237 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy fell 45.7 percentage points from the previous candle — from 20.9% to -24.9%. This drop is larger than 95% of past drops on the Weekly timeframe for BCHUSD.
Do BCHUSD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was BCHUSD in on the previous Weekly candle?
The previous Weekly candle had BCHUSD at 20.9%, Neutral — when this candle closed, BCHUSD moved down to a lower zone: Neutral → Bear Bias.
Where does BCHUSD energy sit within the Bear Bias zone?
At -24.9%, BCHUSD is 3.99 points from the upper boundary of Bear Bias (-20.88%) and 35.13 points from the lower boundary (-60%) — so energy sits closer to the upper 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 Critical with energy 64.2%; GER40 (European equities) in Bear Bias with energy -36%. Against this backdrop, BCHUSD (Bear Bias, -24.9%) lower than SPX500; sits in the same state zone as 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 -17.4%. BCHUSD energy is currently below DXY by 7.4 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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