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| Price | ▲ 0.88% | ▲ 6.96% | ▼ 12.24% | ▼ 2.33% |
| Energy | ▲ 3.9 | ▲ 8.2 | ▼ 13.1 | ▼ 9.4 |
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: -54.5%
- Distance to upper bound of Bear Bias (at -20.88%): 33.62%
- Distance to lower bound of Bear Bias (at -60%): 5.5%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Following the completion of the Weekly candle, BCHUSD recorded in the Bear Bias level.
Looking at the energy level, Compared to the previous candle (-45.1%), Market Energy dropped -9.4% to -54.5%.
Time in Bear Bias energy zone: 6 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 02-09-2024 closed, BCHUSD was at 305.4, down 2.33% from the previous candle (312.7). Market Energy was -54.5%, down 9.4 points from -45.1%, 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 305.4, down 2.33% from the previous Weekly candle (312.7). This drop is larger than 23% of past drops on the Weekly timeframe for BCHUSD, across 248 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy fell 9.4 percentage points from the previous candle — from -45.1% to -54.5%. This drop is larger than 50% of past drops on the Weekly 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 Weekly candle?
The previous Weekly candle had BCHUSD at -45.1%, Bear Bias — this candle kept the same state, no zone change.
Where does BCHUSD energy sit within the Bear Bias zone?
At -54.5%, BCHUSD is 33.62 points from the upper boundary of Bear Bias (-20.88%) and 5.5 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 Critical with energy 62.6%; GER40 (European equities) in Bull Bias with energy 29.9%. Against this backdrop, BCHUSD (Bear Bias, -54.5%) 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 Bull Bias with Market Energy 54.1%. BCHUSD (Bear 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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