STOP LOSS: 648
TAKE PROFIT: 3913
Risk-reward: ~3.5x
Longer term trend: n/a
Current trend: bearish
General comments:
Price of bitcoin cash under coinbase has been declining since the start of time, slipping ~78.6%. The bullish prediction is set to take over a month, but hey its crypto.
What I like:
1) BCH is at a very low price, allowing interested to stockpile loads of coins
2) excellent risk-reward of over 3x. This is also with stop loss being placed much lower than the all time low, a break that requires lots of selling pressure.
3)
What I dislike:
1) limited data of bitcoin cash. being a newly listed coin on coinbase, the restricted information may skew the opportunity to be more enticing than it really is.
Other things to note:
1) money is made during the buy, not the sell. going long on this extra-ordinary opportunity may not exist in the future
*This is my first few attempts to contribute to the tradingview community. All suggestions/feedback welcome!
x, and happy chinese new year,
iskfx
TAKE PROFIT: 3913
Risk-reward: ~3.5x
Longer term trend: n/a
Current trend: bearish
General comments:
Price of bitcoin cash under coinbase has been declining since the start of time, slipping ~78.6%. The bullish prediction is set to take over a month, but hey its crypto.
What I like:
1) BCH is at a very low price, allowing interested to stockpile loads of coins
2) excellent risk-reward of over 3x. This is also with stop loss being placed much lower than the all time low, a break that requires lots of selling pressure.
3)
What I dislike:
1) limited data of bitcoin cash. being a newly listed coin on coinbase, the restricted information may skew the opportunity to be more enticing than it really is.
Other things to note:
1) money is made during the buy, not the sell. going long on this extra-ordinary opportunity may not exist in the future
*This is my first few attempts to contribute to the tradingview community. All suggestions/feedback welcome!
x, and happy chinese new year,
iskfx
Automate your trading with Tradingview alerts to Metatrader 4/5 using webhooks.
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Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
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.
Automate your trading with Tradingview alerts to Metatrader 4/5 using webhooks.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
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.