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OneBasketPig
Feb 10, 2020 4:00 PM

BCH just printed this engulfing beauty on the 4H chart Long

Bitcoin Cash / U. S. DollarKraken

Description

BCH in a hurry to $515...

Comment

Possible scenario. One step at a time on the path to $515
Comments
TheDigitalStonks
any Stop Loss?
OneBasketPig
Hey @pranavchadha18, it all depends on your risk tolerance. I can't recommend a stop loss as I did not use one. I'm a buy and hold guy. I base my analysis on the weekly and look for entries on the 4H and daily. Cheers!
arnnye27
@OneBasketPig, On daily seems like is closing, and look's max out, you think it can push to 515 without any corection?
OneBasketPig
Hey @arnnye27, A correction back to the EMA100 is possible. If it happens it would be in the $420-425 range possibly. I see the EMA50/100 as dynamic support as shown below. If the 50 holds it can shoot from $450 up. We'll see.

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