Bitcoin Cash Consolidated over night - Risky trade now - could be more run
5 minute - consolidation
Note Stochastic RSI curling upwards, Need to see volume push.
BCHUSD - Similar Consolidation
Need to see buyers step in to start next leg
4 Hour chart showing more room to Run priced in BTC and USD
TRADE: Take position, set a loose stop. If already in, set a loose stop (take some profits if you haven't)
Alternative: Wait for breakout, scalp next leg.
Maintaining previous targets.
For previous analysis on BCCBTC: Bticoin Cash - Target Moon - up almost 100% - ambitious Target $700-$725
Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.
You have been right thus far about it so i am going to hold on for $700. Well done. You got a follow and an upvote and a resteem.
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thanks much appreciate! Not every trade is right and thats why I use stop losses - in crypto lingo thats the conditional sell LOL
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BCH is moving well today. set my stop at $599
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There could be a lot more to come but glad to hear you use a stop to protect profits!
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High five dude! We nailed it!
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I kept moving my stop and eventually sold over half my earnings at $750. It is still holding what do you think?? I will be giving you more than just a high five. Expect a nice tip of steem from me today. :)
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Its getting risky, 166% gains in 24 hours is no small feat - But nabbing profits is essential, now its a free play. You can decide if you want to hold for fundamentals, or look for a dip. I kinda think she has more legs. Could also buy the dip and set a stop loss. I'm Watching BTC for more weakness.
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I scaled some at this dip.
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Interesting. I am horrible in Trading, and I don't have enough time to monitor that for now. Just that I am curious. Having old BTC (before August) stored aside with my own private key, and there is a possibility that I will end up both BTC and BCH, how on earth are you going to trade them? Do you trade them together, or I actually have 2 different coins now?
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You're rocking it!
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I held some BTC for the fork. For the short term it was a bad move. I just held on and hopefully now I can cash it in. You can see more about my experience on my steemit blog.
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You get 2 different coins. BCC (also listed as BCH in some places) is now trade-able like the rest)
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but I still have not figured out how to port them out from my paper wallet just yet. haha. I might just wait for a little longer since I heard of Segwit X2 last week.
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Well researched.
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You've got a bright future ahead.
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This is top-quality content.
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Well explained.
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Well done!
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Great post. Thanks for the heads up. Upvoted and followed. Feel free to follow back. Cheers
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thanks!
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