STOP LOSS: 648
TAKE PROFIT: 3913
Risk-reward: ~3.5x
Longer term trend: n/a
Current trend: bearish
General comments:
Price of bitcoin cash under coinbase has been declining since the start of time, slipping ~78.6%. The bullish prediction is set to take over a month, but hey its crypto.
What I like:
1) BCH is at a very low price, allowing interested to stockpile loads of coins
2) excellent risk-reward of over 3x. This is also with stop loss being placed much lower than the all time low, a break that requires lots of selling pressure.
3)
What I dislike:
1) limited data of bitcoin cash. being a newly listed coin on coinbase, the restricted information may skew the opportunity to be more enticing than it really is.
Other things to note:
1) money is made during the buy, not the sell. going long on this extra-ordinary opportunity may not exist in the future
*This is my first few attempts to contribute to the tradingview community. All suggestions/feedback welcome!
x, and happy chinese new year,
iskfx
TAKE PROFIT: 3913
Risk-reward: ~3.5x
Longer term trend: n/a
Current trend: bearish
General comments:
Price of bitcoin cash under coinbase has been declining since the start of time, slipping ~78.6%. The bullish prediction is set to take over a month, but hey its crypto.
What I like:
1) BCH is at a very low price, allowing interested to stockpile loads of coins
2) excellent risk-reward of over 3x. This is also with stop loss being placed much lower than the all time low, a break that requires lots of selling pressure.
3)
What I dislike:
1) limited data of bitcoin cash. being a newly listed coin on coinbase, the restricted information may skew the opportunity to be more enticing than it really is.
Other things to note:
1) money is made during the buy, not the sell. going long on this extra-ordinary opportunity may not exist in the future
*This is my first few attempts to contribute to the tradingview community. All suggestions/feedback welcome!
x, and happy chinese new year,
iskfx
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