BINANCE:BCHSVUSDT
TRADING PLAN
-METHODOLOGY/PSYCHOLOGY-
Chart Time frame: H1
Time frame: H4
Actions on -
A – Price rejection @ 54.00 or 48.00.
B – Beliefs: Market will be correcting itself toward 54.00 to 48.00 . This is due to a corrective wave after a complete 5 Elliott Waves(Related Idea), after that has formed a descending channel that would bounce until wave (E). I would be paying attention how it behaves around this levels.
C - Market Sentiment: Bearish.
D - Speculation: Very High on BCHSV, if you have been following BCH fork you know all the drama behind, I like that! Very Emotional Coin.
BCHSV
-TRADE MANAGEMENT-
Trade Entry:
Entry N2: @48.00
Stop Loss N2: @46.90
Target
Target 1: @63.17
Target 2: @67.94
Target 3: @75.35 Moon Shoot!
Risk/Reward Ration: 31.2
TRADING PLAN
-METHODOLOGY/PSYCHOLOGY-
Chart Time frame: H1
Time frame: H4
Actions on -
A – Price rejection @ 54.00 or 48.00.
B – Beliefs: Market will be correcting itself toward 54.00 to 48.00 . This is due to a corrective wave after a complete 5 Elliott Waves(Related Idea), after that has formed a descending channel that would bounce until wave (E). I would be paying attention how it behaves around this levels.
C - Market Sentiment: Bearish.
D - Speculation: Very High on BCHSV, if you have been following BCH fork you know all the drama behind, I like that! Very Emotional Coin.
BCHSV
-TRADE MANAGEMENT-
Trade Entry:
- Entry N1: @ 54.00
- Stop Loss N2: @ 52.00
Entry N2: @48.00
Stop Loss N2: @46.90
Target
Target 1: @63.17
Target 2: @67.94
Target 3: @75.35 Moon Shoot!
Risk/Reward Ration: 31.2
Trade closed: target reached:
BCHSV just gave us one chance to buy at 56.40 after I published the idea .I didnt expect to hit the target that fast. As long as we keep trading above 68.00 we have the chance to go higher.
Trade closed: stop reached
