Tommy_Trader

Bitcoincash mid-term trading setup for long position

Tommy_Trader Updated   
BITFINEX:BCHUSD   None
Here is BCHUSD, Bitfinex 4hr.
This trading setup was designed with an assumption that the up-going wave cycle started from 10/18 is an impulsive wave.
For now, it has retraced 0.5 fib level.
Referring to the recent suuport/resistance and fib retracement levels, some decent long entry points could be deducted as shown in the chart.
A general risk reward ratio was computed with the average EPs and TPs for this setup.
Of course the ratio should be computed for each EPs and TPs disparately for more accuracy.
Comment:
EP1 entered

Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
KakaoTalk: bit.ly/Tommy_kakao (PW:1324)

Free VIP 및 강의 문의: bit.ly/Tommy_VIP
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.