BitcornBen

BCH trade signal (9.4% gain)

Long
BITMEX:BCHUSD   Bitcoin Cash / U.S. Dollar
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**NB this trade only becomes valid IF we close a 4H candle above 241**

Trade Idea: Bitcoin is looking rather bullish I expect BCH to follow at some point. Wait for a 4H candle close above 241 (this candle should have a lot of volume otherwise it could be a fakeout) then long the retest of now support until the

Reasons for trade:
1. Broke strong resistance zone
2. Bitcoin looking strong

Trade confidence: 8/10

RR: 4.5

Comments

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