SrikanthSrinivas

BCH flag formation

Long
SrikanthSrinivas Updated   
BITFINEX:BCHUSD   None
Target: 585, Stop: 460, Buy at: 505.

2x will be a disaster imo. The core chain will grind to a halt and force core to hardfork their PoW algorithm. BCH will test 3k if this happens.
Trade active:
Approaching Buy price, looks like the next candle will be a large green, pushing through our buy-in price. Stay put.
Comment:
High volume coming in, looks like we're ready for a push through resistance. Hopefully we break the 511-520 resistance. Korea looks to be pushing many buy orders. Sell walls are being eaten on Bithumb
Trade closed: target reached:
Target reached. I didnt close, but this trade is over for those who followed.
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