*NOT A FiNANCiAL ADViCE. DON'T BE AN IDiOT AND THiNK FOR YOURSELF*
TRADE:: BCH_01.1120
STATUS:: PLACED
TYPE:: LONG
SIGNAL:: OBV + MFI
FILTER:: PRICE ACTiON
VOLUME:: $3000
ENTRY:: 263, 249, 243
TP:: 10-15%
SL:: 11%
RRR:: 1/1.5
RISK:: $300
REWARD:: $300/$450
PROS::
1. GREAT CHANCE TO ENTER A LONG POSiTION , BEFORE BCH GOT PUMPED AS OTHER ALTS ALREADY DiD
2. NEAR TERM AND SHORT TERM UPTREND CHANNELS, THE BOTTOM WAS CONFIRMED. I MAY CONSiDER TO PUT MUCH MORE MONEY AT RiSK , BECASUE EVERYTHING LOOKS ABSOLUTELY GREAT
3. IF BTC TOPPED OUT, THAT'S A TIME FOR ALTS TO SHiNE
CONS::
1. I DON'T LiKE THAT REWARD RATIO WiTH MY NEW SL STRATEGY. BUT iT AS TIME PROVED iT SHOULD WORK BETTER FOR ME.
2. RED ICHI 1H AND 4H (HOWEVER IT'S TURNiNG GREEN)
3. IF WE FALL BELOW 240 THAT WiLL BREAK CURRENT SET UP. SO PROBABLY I SHOULD GET INTO A TRADE AFTER A MOVE UP FROM THE LOWER LiNE OF THE DARK CHANNEL
OVERALL:: WE HAVE A SHORT TERM ASCENDiNG CHANNEL (THE DARK ONE) INSIDE OF A NEAR TERM ASCENDiNG CHANNEL. I'VE POiNTED OUT THREE GREAT ENTRiES I'M CONSIDERiNG TO USE TO GO LONG. I ALSO MAY CONSiDER TO MARKET BUY RiGHT NOW
TRADE:: BCH_01.1120
STATUS:: PLACED
TYPE:: LONG
SIGNAL:: OBV + MFI
FILTER:: PRICE ACTiON
VOLUME:: $3000
ENTRY:: 263, 249, 243
TP:: 10-15%
SL:: 11%
RRR:: 1/1.5
RISK:: $300
REWARD:: $300/$450
PROS::
1. GREAT CHANCE TO ENTER A LONG POSiTION , BEFORE BCH GOT PUMPED AS OTHER ALTS ALREADY DiD
2. NEAR TERM AND SHORT TERM UPTREND CHANNELS, THE BOTTOM WAS CONFIRMED. I MAY CONSiDER TO PUT MUCH MORE MONEY AT RiSK , BECASUE EVERYTHING LOOKS ABSOLUTELY GREAT
3. IF BTC TOPPED OUT, THAT'S A TIME FOR ALTS TO SHiNE
CONS::
1. I DON'T LiKE THAT REWARD RATIO WiTH MY NEW SL STRATEGY. BUT iT AS TIME PROVED iT SHOULD WORK BETTER FOR ME.
2. RED ICHI 1H AND 4H (HOWEVER IT'S TURNiNG GREEN)
3. IF WE FALL BELOW 240 THAT WiLL BREAK CURRENT SET UP. SO PROBABLY I SHOULD GET INTO A TRADE AFTER A MOVE UP FROM THE LOWER LiNE OF THE DARK CHANNEL
OVERALL:: WE HAVE A SHORT TERM ASCENDiNG CHANNEL (THE DARK ONE) INSIDE OF A NEAR TERM ASCENDiNG CHANNEL. I'VE POiNTED OUT THREE GREAT ENTRiES I'M CONSIDERiNG TO USE TO GO LONG. I ALSO MAY CONSiDER TO MARKET BUY RiGHT NOW
Note
Note
Note
Note
UPDATED CHANNELNote
OR iT LOOKS A LiKE THATNote
12H LOOK BULLiSH. I PLAN TO CLOSE MY LONG AT 319. MOVED MY SL TO BREAKEVENNote
I EXPECT A MOVE UP BETWEEN NOV 10-11Note
4 SCENARIOS GREEN - STRONG UPWARD
YELLOW - SIDEWAYS
BLUE - FAKEOUT OF A CHANNEL
RED - STRONG DOWNWARD
Note
PROFT FiXED, I PLAN TO RE ENTER SOON
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.