Bitcoin Cash (BCH) Another possible rally, short into news.

3 thg 11, 2018

Bitcoin Cash had a nice rally after news of a possible hard fork on November 15th.

Despite the good news, keep in mind after BCH has its rally, it will likely drop to normal price. Looking at Zcash, which also had a hard fork in June, it had a rally during news and declined since. I am expecting the same for BCH.

For now, you may choose to long Bitcoin Cash with a stop of 0.0725 on BitMex, and have a short order near 0.0790, if you believe Bitcoin will continue to rally.

Personally, I believe a short with a stop loss above the high will be a safer trade.

Thanks for viewing!

3 thg 11, 2018

Ghi chú

Awesome so far. Short stopped out while long in profit.

3 thg 11, 2018

Ghi chú

Take some profit or have stop loss below new bear fractal

3 thg 11, 2018

Ghi chú

Rally starting to weaken.

45 on mex would be a good place for a stop loss or reduce position.

3 thg 11, 2018

Ghi chú

3 thg 11, 2018

Ghi chú

Looking a little weak right now.

3 thg 11, 2018

Ghi chú

I would consider entering short if we get another rally.

4 thg 11, 2018

Ghi chú

Another rally happened. Huge bearish divergences right now.

790 is ideal short zone but you can start entering near 770.

4 thg 11, 2018

Đóng lệnh: đạt mục tiêu

If you longed you would have made over 8%. I longed a bit later into the rally near 751 so I'm up 5%. Currently looking at shorting.

4 thg 11, 2018

Ghi chú

ON SECOND THOUGHT, LONG NOW.

4 thg 11, 2018

Giao dịch đang hoạt động

Short squeeze of epic proportions may be here.

4 thg 11, 2018

Ghi chú

It may not take is 50% like XRP, but still might get a final rally.

4 thg 11, 2018

Ghi chú

New chart updated. Long is in very good profit.