Long
Bcash swing trade setup for the week
Updated
BITFINEX:BCHUSD
Type: Long
Entry: 778
Stop:736.7
Take Profit: 970
Let's ride this 3rd wave
Rationale
- 5 wave followed by ABC completed (1-2 of a 5 wave count)
- Retracement to golden pocket area (61.8-65)
- Broke out the immediate downtrend
Type: Long
Entry: 778
Stop:736.7
Take Profit: 970
Let's ride this 3rd wave
Rationale
- 5 wave followed by ABC completed (1-2 of a 5 wave count)
- Retracement to golden pocket area (61.8-65)
- Broke out the immediate downtrend
Trade closed manually
Taking half my profits here, letting the rest ride it out
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