AlanSantana

Bitcoin Cash (BCHM19) Trade Setup (60%+ ROE on 7X)

Long
BITMEX:BCHM19   None
Bitcoin Cash (BCHM19) Chart Setup

  • All details on the chart.
  • Leveraged trading is high-risk, not recommended for beginners.
  • For experienced/ advanced traders only.
  • This is not financial advice.

Here you have my chart for Bitcoin Cash (BCHM19) on BitMEX.

Quick chart signals


If you want to see the full trade details for BCHM19, make sure to hit like. If enough people hit like we will share buy-in, targets, stop-loss, and additional information.

Thanks a lot for the support.

Namaste.
Comment: Trade: LONG BCHM19

Leverage: 7X

Buy-in: 0.0494 - 0.0513

Time frame: 4H

Targets:

(1) 0.0525 -Reached (+18%)
(2) 0.0545 -Next target.
(3) 0.0558

Stop-loss: Close 4H candle below 0.0488

Liq. price: 0.0452
(Buy-in calculated at 0.0512)

Potential profits: 62.86% ROE

Capital allocation: 6%.
Trade active: Moving positively... Enjoy the profits. :)
Comment: Targets:

(1) 0.0525 -Reached (+18%)
(2) 0.0545 -Reached (+45%)
(3) 0.0558 -Next target.
Comment: New trade idea for Bitcoin Cash on BitMEX (BCHM19):
Trade closed: target reached: All targets reached.
Enjoy the profits.

Targets:

(1) 0.0525 -Reached (+18%)
(2) 0.0545 -Reached (+45%)
(3) 0.0558 -Reached (+62%)
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https://t.me/ascryptocurrency

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Comments

Great minds think a like... I have already a bag.
+1 Reply
AlanSantana CryptoTraderXL
@CryptoTraderXL, Great, thanks for sharing. :)
+1 Reply
Such a pitty, I have been stopped out because the recent wick. My stop loss was too tight.
Reply
AlanSantana CryptoTraderXL
@CryptoTraderXL, Stop hunt is common on BitMEX... Better luck next time.
Reply
Key resistance broken, room for long positions after the pull-back!

Reply
Longer consolidation process if the resistance R1 at $8,000 is not broken, however if R2 is broken, bull run likely to continue:

Reply
AlanSantana cryptohopper
@cryptohopper, R1 Broken, we are going for your R2 now.
Reply
cryptohopper AlanSantana
@AlanSantana, Still waiting for a candle with a long body breaking it to confirm that R1 is totally broken and it isn't a false breakout. But let's hope it does!
Reply

Alan, could you do a look at HUOBI's BCD / BTC? I noticed that there is a difference in the graph of that currency in my brokerage house to the others.
Reply
AlanSantana eduardokaykedasilva
@eduardokaykedasilva, I might take a look...
+1 Reply