Long

BCH long trade

Updated

We can try a small long trade on BCH, it's risky because Bitcoin still hos not made it's mind up. But if btc goes up 50 points (inside of range) BCH migh rally much more. So it's worth the risk. Keep the size small though!!!!!!!!
So start with half a pos here (514ish) and get the normal size at that yellow circle, when that resistance breaks. But move the stop towards entry when you increase.

Stop level is in visibale in the chart. Use 3 targets to take profit.

Note

For the ones who don't understand, stop is around 502. Another option is the 508 or using both

Note

Still do not add, only when the 520ish breaks.

Note

Now move stop to entry for a free trade. I would close 25% at those 2 yellow area's and let the rest ride with a trailing stop.

Note

First target reached, don't forget to take some profits. Move stops to entry now or use 2 stops, with:

One at entry
Second around 520/522

Note

I would move stops to the previous first target now, or you can do 50% here and 50% around entry if you don't want to miss a bigger rally, assuming Bitcoin might break up the coming period.

botje11

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