Bitcoin CASH. Do we hit our new target again? Target: 840 USD!
We had really accurate trades with bitcoin cash in the past. Let's see if we will be right again.
- Our first post had a target of 660 usd, it just hitted the 680 usd.
- Our second post was a short to 550 usd. Unfortanately it missed our target on 10 usd. It went down to 560 usd, but we made a little profit by lowering our stop-loss. Unfortanately we couldn't react faster, because we we're sleeping :D
For our third trade on bitcoincash we see good potential to make a 3th wave and complete the elliot wave pattern to finally fall back to 510 - 570 usd.
For this trade:
- We want to see price go above 635 usd before we buy in.
- Our target is 840 usd!
We have some more fundamentals. We will post later about it. We just wanted to give everyone a quick update.
- Our first post had a target of 660 usd, it just hitted the 680 usd.
- Our second post was a short to 550 usd. Unfortanately it missed our target on 10 usd. It went down to 560 usd, but we made a little profit by lowering our stop-loss. Unfortanately we couldn't react faster, because we we're sleeping :D
For our third trade on bitcoincash we see good potential to make a 3th wave and complete the elliot wave pattern to finally fall back to 510 - 570 usd.
For this trade:
- We want to see price go above 635 usd before we buy in.
- Our target is 840 usd!
We have some more fundamentals. We will post later about it. We just wanted to give everyone a quick update.
Comment:
The markets are really unstable with the bitcoinfork. I personally don't want to take to many risky trades. I still keep trading, but I don't want to take to big position at a trade.
Remember! If you don't make a good trade today, their millions of possible trades in the near future. Just think of your money management! Don't get emotional! Just think like this a losing trade today and tomorrow and maybe some more, but you just need one big winner to compensate everything! That's why we always keep our money management.
Try to risk maximum 2% of your total stack. What I mean by this, if you're buying something from 1 dollar and you're devined ur stop-loss at 0,90 cent. That means you're risk is 10%, so to make you're risk 2% you have to trade with a maximum of 20% of you're whole stack.
Now for the trade. It's hard to tell what direction Bitcoincash go atm. We just can't alway predict where the markets are going atm. So we need to just sit in our chair and watch it. Set the stop-losses if you're still in a trade. Or just wait some hours/days to see where the market is going.
Remember! If you don't make a good trade today, their millions of possible trades in the near future. Just think of your money management! Don't get emotional! Just think like this a losing trade today and tomorrow and maybe some more, but you just need one big winner to compensate everything! That's why we always keep our money management.
Try to risk maximum 2% of your total stack. What I mean by this, if you're buying something from 1 dollar and you're devined ur stop-loss at 0,90 cent. That means you're risk is 10%, so to make you're risk 2% you have to trade with a maximum of 20% of you're whole stack.
Now for the trade. It's hard to tell what direction Bitcoincash go atm. We just can't alway predict where the markets are going atm. So we need to just sit in our chair and watch it. Set the stop-losses if you're still in a trade. Or just wait some hours/days to see where the market is going.
Trade closed: target reached
Now we gonna watch closely to see what will happen. And we're looking for a good entry point!