Long
Fake Bitcoin ( Mid-term Trade )
Updated
As you can see in buttcash chart ,Inverted Head&Shoulders is currently forming
Buy Area : $600~685
Stop-loss < $550 ,Upon Breaking of Neckline ,change stop to slightly below the line
TP are the Red resistance lines ,give or take a couple of bucks
1st : 755~760 ( H&S target )
2nd : 845~852
3rd : 945~958
4th : 1050~1120 ( Fib 0.23 )
Final : 1550~1625 ( Fib 0.38 )
Two 4-hr candles close above a target area confirms movement to next target ,after confirmation move your stop-limit slightly under that area
Remember to always Take profit and never be too greedy
Happy Profits
Buy Area : $600~685
Stop-loss < $550 ,Upon Breaking of Neckline ,change stop to slightly below the line
TP are the Red resistance lines ,give or take a couple of bucks
1st : 755~760 ( H&S target )
2nd : 845~852
3rd : 945~958
4th : 1050~1120 ( Fib 0.23 )
Final : 1550~1625 ( Fib 0.38 )
Two 4-hr candles close above a target area confirms movement to next target ,after confirmation move your stop-limit slightly under that area
Remember to always Take profit and never be too greedy
Happy Profits
Note
1st Target reached ,Move your stop-loss < 720 Looks like it is aiming for the 2nd Target
BCH moves hand in hand with bitcoin .As long as BTC remains in an up-trend so should Fake-bitcoin
Trade closed: target reached
2nd Target Reached Move your stop-loss < 795 in case you will continue riding the train
altho as a rule of mine , i exit 90% when target 2 is reached and let the rest run forever
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