Great RR if you missed the dump last night. This one seems to be lagging behind the rest on the dump but it is sure to follow should the dominance decide to continue fucking ALT HODLERS. The risk in this case is certainly worth the reward.
Looking like things are starting to bubble up in the alt market with the dominance chart taking its much anticipated dump. There are some really good breakout trades that can be taken at this time. This is certainly one of them.
This is a Mean Reversion trade idea. It is a rather rare trade for me, as I don't like holding mean reversion trades for long periods of time. As always, the idea is to buy low and sell at a higher price, close to the mean or fair price. In this longer term trade, target is a major S/R level for Bitcoin Cash. I will manage this trade accordingly and probably...
Looking more and more possible the more I look at it. The BTC Dominance did make an attempt at a dump... when the market chages so must we. Aside from that this is a great risk to reward ratio and a fantasic trade.
BCHBTC Looking bearish in one day chart.
In one day chart Bitcoin cash break down the Bearish pennants and we can see target 0.023 BTC and if it break again down then 0.020 BTC is strong psychological Support.
We can see some pump in BCH because or trap.
I am shorting and I also told you when prize was 0.026 BTc I told you I sort every pump.
and it went up to...
Here we have Daily BCH chart.
I wanted to point out the rising support line (yellow) BCH had going on since the bottom of Dec 2018.
Recent dump broke this support line, yesterday BCH tried to make the recovery above this line but it seems to be failed attempt. This is not a good sign.
If BCH manages to close above this line today we can have some...
Bitcoin Cash (BCHZ19) woke up and started to produce some nice bullish action... But after each wave up comes a retrace and we are seeing it take place now.
BCHZ19 looks bearish short-term.
Make sure to hit like if you would like the full trade details for BCHZ19.
Previous trades | XRPU19 +200% of...
BCHBTC look like Bear Pennat in one day time frame.
now Rejected from Resistance of Trendline of Triangle.
We can open short with low leverage .
Resistance 0.03190-0.03277 BTC
And support is 0.0276 BTC.
Resistance mean your stop loss is 0.03277 btc
And support mean you can exit 0.0276 btc.
Never gambling guys use low leverage if you want to earn in safe...
Reached a new resistance at ~.033 sats and now is deciding...
In any case, I'm waiting to have a retest of prev resistance (potential flip to support OR a breakout above resistance and retest w flip for a potential long position
Volume, RSI and UCTS are bullish.
Nice mometum buildup on this daily that wants to play out.
- OBV bottom marked, still in a squeeze like most bigcaps.
- 6H kumo breakout.
- Conservative target (we all know how crazy crypto can go).
This, together with alllllllllot of big cap alts all look the same. The bitcoin dominance and Altcap/BTC charts are looking so juicy, that you can basically position...