Bitcoin Cash (BCH) Another possible rally, short into news.

2018年11月3日

Bitcoin Cash had a nice rally after news of a possible hard fork on November 15th.

Despite the good news, keep in mind after BCH has its rally, it will likely drop to normal price. Looking at Zcash, which also had a hard fork in June, it had a rally during news and declined since. I am expecting the same for BCH.

For now, you may choose to long Bitcoin Cash with a stop of 0.0725 on BitMex, and have a short order near 0.0790, if you believe Bitcoin will continue to rally.

Personally, I believe a short with a stop loss above the high will be a safer trade.

Thanks for viewing!

2018年11月3日

ノート

Awesome so far. Short stopped out while long in profit.

2018年11月3日

ノート

Take some profit or have stop loss below new bear fractal

2018年11月3日

ノート

Rally starting to weaken.

45 on mex would be a good place for a stop loss or reduce position.

2018年11月3日

ノート

2018年11月3日

ノート

Looking a little weak right now.

2018年11月3日

ノート

I would consider entering short if we get another rally.

2018年11月4日

ノート

Another rally happened. Huge bearish divergences right now.

790 is ideal short zone but you can start entering near 770.

2018年11月4日

トレード終了: 利益確定目標に到達

If you longed you would have made over 8%. I longed a bit later into the rally near 751 so I'm up 5%. Currently looking at shorting.

2018年11月4日

ノート

ON SECOND THOUGHT, LONG NOW.

2018年11月4日

トレード稼働中

Short squeeze of epic proportions may be here.

2018年11月4日

ノート

It may not take is 50% like XRP, but still might get a final rally.

2018年11月4日

ノート

New chart updated. Long is in very good profit.