Description
⋅ Long term Bitcoin Cash (BCHH19) is trading within a falling wedge, which is bullish in nature.
Short term, BCHH19 is completing a retrace after a bullish breakout.
We can see low bear volume on the retrace and several candlesticks that clearly shows a rejection of sellers.
With price action going flat and starting to curve, I see an opportunity developing for a LONG move.
All details can be seen on the chart.
Hit LIKE if you want a full trade for BCHH19 with over 80% ROE profits potential.
Thanks a lot for reading and continued support.
Namaste.
Comment
⋅ Trade: LONG BCHH19 (BitMEX)
Leverage: 10X
Buy In: 0.0327 – 0.0338
Time Frame: 4H
Targets:
(1) 0.0346 -Reached
(2) 0.0354
(3) 0.0368
Stop loss: Close 4H candle below 0.0320
Liq. Price: 0.0313.
Potential Profits: 88.7% ROE
Capital allocation: <4%.
Trade active
⋅ Comment
⋅ We are going for our second target now.
Comment
⋅ Targets:
(1) 0.0346 -Reached
(2) 0.0354 -Reached
(3) 0.0368
+64.66% ROE so far.
Enjoy the profits.
Trade closed: target reached
⋅ Targets:
(1) 0.0346 -Reached
(2) 0.0354 -Reached
(3) 0.0368 -Reached
All targets reached. +88% ROE.
154.8% ROE to the top peak reached.
ENJOY THE PROFITS.
Namaste.