BCH is loading the gun to Slay Down BTC
Updated
Short-term very promising unique opportinuty.
BTC hit 20k and BCH was trying for another breakout for a while, now it's perfect time!
Risky EP at 0.0935 (recommended with smaller volume) now
Safe EP at 0.0955+ (recommended with big volume) after breaking resistance of the last small swing
TP at several points at round levels.
TP for very conservative trade at 0.1
Standart TP123 at 0.105, 0.11 and 0.12
For TP and EP on BitMEX add 0.003-0.005 to each level (accordingto difference in graph comparison at certain time)
BTC hit 20k and BCH was trying for another breakout for a while, now it's perfect time!
- SMA confirms BCH bullish divergence on several timeframes, and the whole graph has a very strong bullish pattern.
- BTC looks bearish and needs a correction after insane bullrun in recent months and weeks.
- Money from BTC has to go somewhere, BCH is the most likely option. Especially when LTC already had it's bullrun.
- Risk of this trade is not very high because BCH holds very strong around 0.09 level and never falls below 0.07 - For that reason we can even consider opening leveraged longs.
- 0.1 level is a strong magnet for BCH, which means even if we don't see predicted result now, we can simply TP at 0.1 few days or weeks later. This is applicable even if BTC bullruns to 22-25k for next fib level.
Risky EP at 0.0935 (recommended with smaller volume) now
Safe EP at 0.0955+ (recommended with big volume) after breaking resistance of the last small swing
TP at several points at round levels.
TP for very conservative trade at 0.1
Standart TP123 at 0.105, 0.11 and 0.12
For TP and EP on BitMEX add 0.003-0.005 to each level (accordingto difference in graph comparison at certain time)
Trade active
Active at both EP levelsNote
First TP reached on BitMEXNote
Second TP reachedTrade closed: target reached
Third TP reached! 420% profit for leveraged trade. Now we are shorting BCH. TP at 0.11 and 0.1Note
Shorting closed on stoploss. Reshorting from 1.55 is reasonable. TP 1.25Note
Stoploss reached again at .165... Reshorting from .197 with nex stoploss at .255Trade closed manually
Shorting significantly reduced. Considering how graph and markets looks at the moment, we can get a better position and abuse volatility.
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