$BCH/BTC 2h (Binance Spot) Descending channel breakout
Updated
BitcoinCash is looking ready for reversal here in satoshi, I am adding to my current bag!
Current Price= 0.010484
Buy Entry= 0.010486 - 0.010202
Take Profit= 0.011998 | 0.014122 | 0.015990
Stop Loss= 0.009517
Risk/Reward= 1:2 | 1:4.57 | 1:6.83
Expected Profit= +15.99% | +36.52% | +54.58%
Possible Loss= -7.99%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 0.010484
Buy Entry= 0.010486 - 0.010202
Take Profit= 0.011998 | 0.014122 | 0.015990
Stop Loss= 0.009517
Risk/Reward= 1:2 | 1:4.57 | 1:6.83
Expected Profit= +15.99% | +36.52% | +54.58%
Possible Loss= -7.99%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade closed: stop reached
SL hit with -7.99% (1x) and -1RBitcoin Cash did not manage to stay above 50MA and dipped further.
Too bad, we'll try to catch it another time then, because macro view is still looking good!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.