BCHSV: Experimental Long Buying The Dip Pre-Fork
Positions x3 as shown with green dotted lines with tiny position sizes (around 5% of usual). Let the hash wars begin. 15 minute RSI entering oversold territory. Expecting a big dip leading up to the fork as speculators take profits and sell off. Golden line is approximate time of hard fork. Anticipation: BCHABC dump post-fork, BTC to follow suit, BCHSV gain due to increased exchange liquidity and hash war against ABC.
- Limit Buys: 0.0253 / 0.0226 / 0.0203
- Down from ATH: 34%, 41% and 47% respectively
- Targets: 0.04 (0.5 Bcash) +76% and 0.06 (0.75 Bcash) +165%.
- Stop Loss: 0.0149 (33%) at November 12th low.
- High risk, potential high reward.
Trade active:
First position filled (33%) @ 0.0253 :-)
Comment:
Correction: Fork line should be at 16:30PM GMT, not 17:30PM.
Trade active:
Second position filled, still lots of time for another dip. Buy order liquidity is down 30% on Poloniex, so will hold back setting stops until after fork in case the order books get liquidated.
Comment:
All in for this wild fork ride, here comes the volume...