BCHUSDTPERP - 20% GAiNS iF WE MANAGE TO BREAK ABOVE THiS RS LiNE
* DON'T BE AN IDiOT AND THiNK FOR YOURSELF!
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: BCH_03_112020
STATUS:: CONTEMPLATiNG THE ENTRY POiNT. WAiTING THE CONFiRMATiON FROM PRiCE ACTiON
TRADE:BUY
TYPE:: BREAKOUT
SIGNAL:: OBV
FILTER:: MFI + PRiCE ACTiON
VOLUME:: $60000
ENTRY:: $254
TP1:: 292 (15%)
TP2:: 309 (22%)
SL:: 249 (1.68%)
RRR:: 12
RISK:: $1008
REWARD:: $9000 - $12000
PROS::
1. THE TREND iS YOUR FRiEND
2. FIB LEVELS ARE ON THE RiGHT PLACES
3. OUTSiDERS LiKE BCH, ETC SHOULD BE PUMPED SOON. iF NOT NOW, WHEN?
CONS::
1.WE MAY DiP DOWN TO 240 PRICE LEVEL WHiCH IS A STRONG SUPPORT AND 0.718 FIB RETRACEMENT LEVEL
2.BCH FUTURES ACT WEiRD AND THiS MAKES ME CONCERN
3. iCHI iS RED ON 4H, BUT WE KNOW BCH DOESN'T RESPECT iT AT ALL
OVERALL::
* MY PLAN iS TO WAIT A CONFiRMATION FROM MFI
* IF IT GOES ABOVE 50, I WILL BE READY TO OPEN A LONG POSiTION
* I PLAN TO OPEN LONG USING COUNTER TREND LiNE FOR A BREAKOUT SETUP
* OBV SHOULD BREAK ABOVE MY GOLDEN LiNE
* I WiLL TRY TO PREDiCT THE TiME OF THE BREAKOUT USiNG PHOENiX TOOL
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: BCH_03_112020
STATUS:: CONTEMPLATiNG THE ENTRY POiNT. WAiTING THE CONFiRMATiON FROM PRiCE ACTiON
TRADE:BUY
TYPE:: BREAKOUT
SIGNAL:: OBV
FILTER:: MFI + PRiCE ACTiON
VOLUME:: $60000
ENTRY:: $254
TP1:: 292 (15%)
TP2:: 309 (22%)
SL:: 249 (1.68%)
RRR:: 12
RISK:: $1008
REWARD:: $9000 - $12000
PROS::
1. THE TREND iS YOUR FRiEND
2. FIB LEVELS ARE ON THE RiGHT PLACES
3. OUTSiDERS LiKE BCH, ETC SHOULD BE PUMPED SOON. iF NOT NOW, WHEN?
CONS::
1.WE MAY DiP DOWN TO 240 PRICE LEVEL WHiCH IS A STRONG SUPPORT AND 0.718 FIB RETRACEMENT LEVEL
2.BCH FUTURES ACT WEiRD AND THiS MAKES ME CONCERN
3. iCHI iS RED ON 4H, BUT WE KNOW BCH DOESN'T RESPECT iT AT ALL
OVERALL::
* MY PLAN iS TO WAIT A CONFiRMATION FROM MFI
* IF IT GOES ABOVE 50, I WILL BE READY TO OPEN A LONG POSiTION
* I PLAN TO OPEN LONG USING COUNTER TREND LiNE FOR A BREAKOUT SETUP
* OBV SHOULD BREAK ABOVE MY GOLDEN LiNE
* I WiLL TRY TO PREDiCT THE TiME OF THE BREAKOUT USiNG PHOENiX TOOL
Note
FELL RiGHT TO THE FIB LEVEL AND LOWER LEVEL OF THE CHANNEL. GREAT ENTRY POiNT FOR A BREAKOUT DEAL! WHAT A PRESENT!Note
HERE iS MY TRADENote
4 SCENARIOS
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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.