BCH might turn bullish
Updated
Here we have 4h-BCH (Keltner 1.618, high ; Coppock; RSI; DMI).
Based on:
- Coppock is in + more and more
- RSI signals we are not overbought
- DI+ is over DI- at DMI
- and also onbalancevolume has crossedover its emas (not visible on this chart)
I think that:
BCH might be supersoon ready for a ride back to 3000ish or more, probably cannot hold up there, but a pump is somewhat likely in my mind.
My tactics:
buy in 2500-2600 zone, stop sell 2300 sharp, exit 2900ish,3300ish. (Unless Coppock/RSI/OBV indicate(s) otherwise.)
This is NOT a trading advise, just a guess of a non-pro. Always use stops, calculate risk! Criticism/comments welcome!
Based on:
- Coppock is in + more and more
- RSI signals we are not overbought
- DI+ is over DI- at DMI
- and also onbalancevolume has crossedover its emas (not visible on this chart)
I think that:
BCH might be supersoon ready for a ride back to 3000ish or more, probably cannot hold up there, but a pump is somewhat likely in my mind.
My tactics:
buy in 2500-2600 zone, stop sell 2300 sharp, exit 2900ish,3300ish. (Unless Coppock/RSI/OBV indicate(s) otherwise.)
This is NOT a trading advise, just a guess of a non-pro. Always use stops, calculate risk! Criticism/comments welcome!
Trade active
i am still active in this trade (yet the my buy zone calculation was somewhat wrong: 2400-2500 would have been a better call) -- GDAX might add BCH-BTC on 17th of Jan, which might be the day when BCH goes back to 3000ish, or some say when BCH drops. Really impossible to tell which way most people will go.Trade closed: stop reached
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