The_111_Quants

BCHUSD good opportunity here if price reached

Long
BITSTAMP:BCHUSD   Bitcoin Cash
Hi everyone,

Kindly Remember to like the Idea if you feel it deserves it. It helps the channel and is greatly appreciated.

Good opportunity here in the 1h.
From 599.49 low, the first sequence is a leading diagonale that ends at 831.00. From there, the first sequence to 737.22 is truncated and failure to take out the high on 04/07/2018 would result in bchusd lower. If 737.22 fails to hold, we have a buy at 718.35-660.39, stop below 650.00 to discard bad spike.


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Trade active:
Entry triggered and we have a reaction within the equal leg area.
Will protect position around 770ish
Comment:
Going well. Risk free position now as planned.
Trade closed: stop reached:
stopped break even. looks heavy. will leave it for a while and see after dust settles.
earlier today
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