vfxvictor
Long

BCHSV/USDT + Targets

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 N1: @ 54.00
  • Stop Loss N2: @ 52.00
Or
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
Nov 24
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.
Nov 24
Trade closed: stop reached
great analysis! now that it hit all targets, what are your next targets ?
Reply
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