Trying to break Bouncing hard from oversold RSI levels, UCTS buy signal flashing in 6h,12h,1D charts.
MACD turning and starting to rise..
Volume is still really low for a comfortable breakout...
if it fails to break now, next could be near ATL..
Targets on the chart. #BCHSV
BCHBTC
[BCHH19][LONG][10X][68.6% ROE]Trade: LONG BCHH19 (BitMEX)
Leverage: 10X
Buy In: 0.0347 – 0.0364
Time Frame: 4H
Targets:
(1) 0.0376
(2) 0.0389
Stop loss: Close 4H candle below 0.0346
Liq. Price: 0.0337.
Potential Profits: 68.6% ROE
Capital allocation: <5%.
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These are high-risk trades for advanced traders only.
This is not financial advice. All information shared here is for learning and entertainment purposes only.
Thanks a lot for the continued support.
Remember to hit LIKE.
Namaste.
Bitcoin Daily Update - Day 49 (0.3816 BTC) Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
When there is a nice pump in the crypto markets I like to look for laggards. The best one that I am seeing right now is Bitcoin Cash. Many will be thinking that it simply will not bounce because it is such a piece of shit fundamentally, however that is not my perception. I do think it is a complete piece of shit, but I also think it will bounce with the market. It is one of the most emotional coins out there - meaning the holders are doing so out of emotion and the stayers away are doing so because of emotion.
Where there is emotion there is an opportunity to profit imo. Bitcoin Cash is a prime example of this. I really like the idea of taking profit on the positions that are moving in my favor and reallocating that into coins that appear to be lagging behind. That was essentially what I was able to do with LTC and then ETH. Hopefully the third time is also a charm!
This brings up an important topic for me. I believe in technical analysis so much that I am comfortable disregarding the ticker. Who cares what the ticker is if the chart looks bullish af? I certainly don't. There is limitations once the market becomes too illiquid but I do not feel like that is the case with BCH. Hopefully I will change my mind sometime later this year due to a mass exodus.
The overall bankroll is still not looking pretty but the unrealized profit currently sits at +0.333 BTC. I am very hopeful that this run can bring me back above 1 BTC for my trading challenge. If that happens then I will be in a very good position to get back into the green by shorting the bounce once it becomes exhausted. All we need is a little momentum and completing this challenge is still very well within reason!
Open Positions
Short XRPUSD
Exposure: 6,300 XRP / 0.522 BTC
Price: $0.307
Stop: $0.2959
Risk: 3.61%
Partial Take Profit Order: $0.35
Unrealized Profit: +0.02911 BTC
Long LTCH19
Exposure: 12 LTC / 0.113 BTC
Price: 0.00946
Stop: 0.0111
Realized PnL: +0.0607 BTC
Unrealized PnL: +0.0177 BTC
*Entered stop order to add 23 LTC at 0.01291 with 0.01164 stop loss
Long XBTM19
Exposure: $4,232 / 1.07 BTC
Enter: $3,586
Stop: $3,586
Realized PnL: +0.0085 BTC
Unrealized PnL: +0.1009 BTC
Long ETHUSD #1
Exposure: 11.64 ETH / 0.43 BTC
Enter: $122
Stop: $128
Realized PnL: +0.0374 BTC
Unrealized PnL: +0.071 BTC
Long ETHUSD #2
Exposure: 12 ETH / 0.444 BTC
Enter: $116.63
Stop: $128
Unrealized PnL: +0.0888 BTC
Long BCHUSD
Exposure: 3.5 BCH / 0.1302 BTC
Enter: $125.55
Stop: $125.55
Unrealized PnL: +0.018 BTC
Open Order
Stop Order to Long BCHH19
Exposure: 11 BCH / 0.4366 BTC
Enter: 0.0384
Stop: 0.0399
Risk: 11.4%
BCH LONG TRX SHORT LTC BIG CORRECTIOnOk, hope we have all been enjoying the crypto volatility :)
Ok so where next. I will will stick to just the3 bitmex coins since keeps it simple.
Ok so out of those coins i can onl;y see that TRX is worth shorting and BCH and most likely ADA after the first correction btc makes. COINBASE:BCHBTC
I have only done the chart for BCH, but as you can see rsi we make new higher lows and new higher highs, also momentum indicator is finally sitting in the bullish half.
Sounds pretty simple and it is, but bear in mind that i do the TA over 12 times intervals but i just put the 3 day on as i find it best for being able to see the big picture.
So for me i hold positions of long bch and hold short trx. ADA i am waiting for perfect time to buy as i think its got lots of gains ready to be made
Also if you look at the link below at my previous ltc TA you wil seew that i forcast a pretty big drop at about thisd point, the TA has been correct with good accurace so far so i dont see why that would change. Just thoughti would say so ppl can use caution
BITTREX:BCHBTC
Cash Broken region to retrieve !hello Traders!
always make trading simple and not using too many tools that make your decisions vague.
This is overview i perceive that may happen in short ; reaching targeted area where Red broken candles in Coin-base bch chart.
Not expecting too high in Long Run as some corrections are yet to be there in short term which may veer its direction or pause candles at resistance level.
Lets hope it reaches to $200 (minimum) - $300 (maximum) in between.
HAppy tradings!
Good LUck!
*This is not a financial advice. Invest at own risk *
To long BCH or to short BCH that is the question.BCH is a strange coin with top 10 potential for a long time.
BCHABC Super Up TrendBCHABC touched the last support 0.031, and now, the super pump will go on
We have the resistance fail 0.045 by 3 top at 28th12 to 3th1 , so we can hope the next top in 0.055
BCHABC Super Pump, soon
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.
BCHBTC - technical Analysis - market move - Price?Hello guys, we had analyse BCH/BTC market and found falling wedge pattern and had drawn target price as per pattren breakout and got small bearish divergence and market may move till D-wave. As we know falling wedge is a bullish pattern but market condition is not good but you can trade according to per market breakout and can book decent profit.
This should bounce now, seems to be finding a local floor here.Garbage coin long-term but I trade it to get more BTC, so here is a trade that's looking fairly good, nice double bottom on shorter time fracmes and I love me some bull pennants. A conservative play would be to wait until it breaks the trend line.
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.
Bitcoin Ethereum Bitcoin Cash Litecoin 4H 1/9Bitcoin Ethereum Bitcoin Cash Litecoin 4H, Everything is being bought in 3x the market volumes in OTC trades, large institutions are either buying or looking to buy and hedge the market with crypto.
Shorting here is a mistake, any open shorts are in danger.
Won't take much for this market to regain buyers, the next move will be akin to 2017.