Bitcoin Cash Is BitMEX Ready - LONG Possible (155% ROE Possible)

We've hit the .786 (0.0351) fib. retrace zone and received several signals that confirm a possible completion of this retrace.

A dragon fly doji with above average volume showed up, plus the RSI is coming out of oversold.

We see the same MA200 working as resistance here, as soon as this black line can be broken, expect our targets to be reached.

All details are on the chart. Targets and stop loss.

P.S. This is not a piece of trade advice. My trades contain all of the details needed to trade, buy-in, stop loss, targets, etc. So if you want to see a full trade for BCHH19, please show your support.

Thanks a lot for reading.

Namaste.

Note

This one is time sensitive and the trade is ready.

I enough attention is garnered for this trade idea, 50+ likes, I will share full details for our 155% ROE BCHH19 trade.

Thanks in advance.

Note

Trade: LONG BCHH19

Time frame: 1H

Leverage: 10X

Buy: 0.0351 – 0.0355

Targets:

(1) 0.0362
(2) 0.0368
(3) 0.0374
(4) 0.0380
(5) 0.0408

Stop loss: Close 4H candle below 0.0346

Profits Potential: 155.8% ROE

Capital allocation: <7%.

Note

Consolidation has been pretty healthy so far, I get the feeling of an ascending channel. This only needs time:

Note

Updated view:

Note

Sellers have been rejected once more... Take a look at this chart:

- Look at the long wick, marked blue... Sellers rejected again.
- Increase in volume.
- RSI curving.
- Now challenging EMA10.
- Patience is key.

We wait patiently and trade according to our instructions above.

Namaste.

Trade active

This trade remains active, or you can buy in again if you closed it:

This is a very strong signal:

Trade closed manually

I will post an updated version, but is basically the same trade.

Thanks a lot for your support.

MasterAnanda

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