alanmasters
Long

Bitcoin Cash (BCHU19) Same Setup (BitMEX Leveraged Trade)

BITMEX:BCHU19   Bitcoin Cash / Bitcoin Fri, 27 Sep 2019 12:00:00 GMT Linear Futures Contract
Bitcoin Cash ( BCHU19 ) is no exception, this setup is very similar to the one we just shared for ADAU19 which you can find in the related ideas below.

The signals are simple and as follow:

  • Break above resistance in the form of EMA5, EMA10, and EMA50.
  • Bull volume growing (above average - highest in the past 4 days)
  • Bullish RSI .
  • Higher lows...

Now, please remember that even with this setup, many bullish signals and bullish action already on its way, any trade/chart and still break down, so make sure to always have a plan and stop-loss in place when trading.

This is for experienced/advanced traders only... If you are a beginner, please check the Altcoins trades (Binance, Bittrex, Poloniex, KuCoin, Huobi, CoinEx, etc.).

Feel free to hit like to show your support.

Namaste.
Comment: Trade: LONG BCHU19 (Bitcoin Cash)

Leverage: 5X

Buy-in: 0.02820 - 0.03044

Time frame: 4H

Targets:

(1) 0.03200 -Reached (+28.05%)
(2) 0.03330 -Reached (+49.50%)
(3) 0.03440
(4) 0.03590

Stop-loss: Close 4H below 0.02790.

Liq. price: 0.02500
(Buy-in calculated at 0.03030)

Potential profits: 92.4% ROE

Capital allocation: 6%.
Comment: We are now aiming for our 3rd target.
Comment: Moving higher... Up to 57.75% ROE to peak price reached so far...
More to come.
Comment: We hit another target for 67.65% ROE total.
Enjoy the profits.

Targets:

(1) 0.03200 -Reached (+28.05%)
(2) 0.03330 -Reached (+49.50%)
(3) 0.03440 -Reached (+67.65%)
(4) 0.03590 -Next target
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Related Ideas

GOOD FINAL TARGET 0.03590 ?
+1 Reply
@again901, Yes, for this trade but it can go much higher if you look at the higher time frames.

Daily:

12H:

4H:
Reply
again901 alanmasters
@alanmasters,THANKS.
+1 Reply
@again901, Sure, it is my pleasure to help. :)
Reply
I am new and paper trading now but I am starting to be able to follow you and really appreciate your insight sir!
+1 Reply
alanmasters bugotsanchez
@bugotsanchez, I am really happy to hear that.

Wishing you great long-term success and the achievement of all of your goals and massive wealth.

Thanks a lot for your support.
Reply
plz let me know taget point.
+1 Reply
@again901, You can find them on the chart.

I also posted the full trade now after we hit two targets.

Namaste.
Reply
Already in thanks to you, nice call !
+1 Reply
alanmasters Harry_Seldon
@Harry_Seldon, My pleasure... :)

Thanks to you for the support.
Reply
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