BCHBTC trade ideas
BCH/BTC - ready to pump (updated)BCH/BTC looks like it has great potential to pump up to the target.
I didn't like where the top of the fib channel was originally set, this makes much more sense to me.
Target: 0.0540
Bitmex Target: 0.0550
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
BCH/BTC - ready to pumpBCH/BTC looks like it has great potential to pump up to the target.
Target: 0.0458
Bitmex Target: 0.0468
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
BCH/BTC - green box now in playBCH/BTC has now retraced into the green box and therefore presents the potential for a good buy opportunity.
Target (bitmex): 0.0480
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
BCH/BTC - small retrace and then pump!BCH/BTC looks like its headed down to the bottom of the range before picking up speed again. In this one I decided to post the chart showing how I placed the gann fans. Feel free to try it out for yourself and please give me a follow if it helps you :)
Target: 0.0490
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice.
Bitcoin Cash's Massive Falling Wedge (8-9x ROI Potential)Looking at the daily chart for BCH, you can see the massive falling wedge that goes back to the beginning of BCH back in August of 2017. Using the wedge heights to predict our target price, we have the potential for a 8-9x gain here if either target is hit. Most exchanges have converted to a BCHABC chart which lacks all of BCH's previous price action history, so this may go unseen by many. BCH is almost 20x off its all-time high and it is no stranger to massive pumps. If the price can break overhead resistance, just buy and hodl.
I am going to BUY ON THE BREAKOUT. Why? Well this resistance has rejected the price 5 times before minus the Nov 2017 pump. The MACD is a starting to capitulate at the zero line. If the price can't break through resistance, it may send the price down (possibly way down). I am secretly hoping for this so the gains are even greater upon breakout. Let's see what happens!
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.
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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%