bardownzy
Short

BCH - MAKE $$$ SHORTING BITCOIN CASH PRIOR TO HARD FORK ON NOV15

BITMEX:BCHZ18   None
Analyzing the $BCH chart we can see a high probability of a down trend and hopeful retracement down the fibonacci level and moving averages.

My personal trade is as follows:

--open short position on 5x leverage at the .0750 level
--take profts at P1, P2
--close trade at the golden ratio .619 which also coincides with the 50 day moving average.

Gredy trade:

-- wait for a spike back to the .0766 level
--take profts at P1, P2, P3
-- close your trades at the P4, P5 ranges which is also the 100 and 200 day moving averages.

Could even monitor how the fork date goes and if a heavy drop coincides that may even be able to reach the .382 fib level.
RIP
+1 Reply
bardownzy Asimov93
@Asimov93, Yup stop triggered for me. Will enter again and play the same margins just from a higher price line.
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Asimov93 bardownzy
@bardownzy, It wasnt personall. GL.
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i did the same.... -4%....hope it will go down
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Looks like big drop on bch incoming check my profile and follow me if you like my work curently on 100% accuracy on tradingview
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