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UnknownUnicorn1413254
Oct 10, 2017 10:28 AM

Big short on BITCOINCASH! Really high risk/reward ratio! Short

BITFINEX:BCHUSD15

Description

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Bitcoin cash is in a big bearish market. With the upcomming fork of the bitcoin we get more bitcoin forks like bitcoin cash.

People wanna get bitcoin instead of bitcoin cash, there is a chance we get a really big dump of bitcoin cash.

Since 19 august the price keeps dropping. And I don't see a reason why it won't stop dropping.

Trade active

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Our trade is active, we change our stop-loss price to 229.

Comment

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We moved our stop-loss to our buy in price of 224 because in my opinion it isn't the best setup anymore. So we minimize the risk.

Comment

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We're still on track. It's looking good :)
Chart PatternsbitcoincashBCHUSD
Comments
Crypapi
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Exit your position now, just to save you some $
SheriU
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Lots of BitcoinCash bullish people are riding the bitcoin train to get free coins for now, they want their free fork coins ... so yes good time to pick up BitcoinCash cheap :)
UnknownUnicorn1413254
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@SheriU, You know we're talking about shorting bitcoincash?
konstantinkoll
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@CryptoPredictions, YOU are talking about shorting BCH. I am bullish.
SheriU
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@CryptoPredictions, yeah ofcourse ... just saying it's also a good time to accumulate for when the BTC tide returns
Crypapi
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Thanks, gotta love how much money i made on this trade (reverse trade)
Crypapi
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Cancel your position now and go BIG LONG with leverage, kk ty. (ur welcome)
Crypapi
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Someone is getting stopped out
shortydle
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BCash failed and people realized that it is not Bitcoin but just a useless coin. Currently is not even profitable to mine. Massive BCH dumps heading this way. Gemini withdrawal starting 1pm EST today. By the time Coinbase releases BCH (2018) could be close to worthless.
UnknownUnicorn942585
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@shortydle, coinbase is holding 50.000-60.000 bch this is nothing xapo just dumped 500k bch the market will eat the bch from coinbase for breakfast
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