alanmasters
Long

Bitcoin Cash Is BitMEX Ready - LONG Possible (155% ROE Possible)

BITMEX:BCHH19   None
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.
Jan 19
Comment: This one is time sensitive and the trade is ready.

I enough attention is garnered for this trade idea, 50+ likes, I will share full details for our 155% ROE BCHH19 trade.

Thanks in advance.
Jan 19
Comment: Trade: LONG BCHH19

Time frame: 1H

Leverage: 10X

Buy: 0.0351 – 0.0355

Targets:

(1) 0.0362
(2) 0.0368
(3) 0.0374
(4) 0.0380
(5) 0.0408

Stop loss: Close 4H candle below 0.0346

Profits Potential: 155.8% ROE

Capital allocation: <7%.
Jan 19
Comment: Consolidation has been pretty healthy so far, I get the feeling of an ascending channel. This only needs time:
Jan 19
Comment: Updated view:
Jan 20
Comment: Sellers have been rejected once more... Take a look at this chart:
- Look at the long wick, marked blue... Sellers rejected again.
- Increase in volume.
- RSI curving.
- Now challenging EMA10.
- Patience is key.

We wait patiently and trade according to our instructions above.

Namaste.
Jan 22
Trade active: This trade remains active, or you can buy in again if you closed it:

This is a very strong signal:
Jan 22
Trade closed manually: I will post an updated version, but is basically the same trade.

Thanks a lot for your support.
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Comments

Yes we do want a full trade!
+2 Reply
@daffster, Thanks for the support. Noted.
+1 Reply
Hi Alan,
Is this trade still open?
+1 Reply
@Nickcoin, Open.
Reply
Trade setup does look juicy, again i have a different bias but i clearly understand this setup. :) Cool of you to share this amount of profitable setups for free as you have been doing lately.
+1 Reply
@Krypto99, Thanks a lot for the support.
+4 Reply
Loook how BTC follows gold totally:

We going up a lot

+1 Reply
@crypto008, Saw that chart, looks pretty good. Thanks for the share.

Saw it from Goldbug though.
Reply
Good day Alan! Just wondering; your BCH long is still active yet conditions for cancelled trade met? Or does your SL always count manually for a close below a certain value on a certain TF? Just a bit confused. Have a good week!
Reply
@Krypto99, It should be closed based on the instructions, but since the price bounced back we are opening it again.
Reply
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