$BCH/USDT 2D (Binance Futures) Ascending channel on support
Bitcoin Cash is up-trending in macro view, let's enter a full swing here!
Current Price= 492.65
Buy Entry = 493.31 - 457.01
Take Profit= 674.53 | 924.90 | 0.7606
Stop Loss= 375.23
Risk/Reward= 1:2 | 1:4.5 | 1:10.11
Expected Profit= +41.96% | +95.65% | +212.69%
Possible Loss= -21.03%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 5 months
Current Price= 492.65
Buy Entry = 493.31 - 457.01
Take Profit= 674.53 | 924.90 | 0.7606
Stop Loss= 375.23
Risk/Reward= 1:2 | 1:4.5 | 1:10.11
Expected Profit= +41.96% | +95.65% | +212.69%
Possible Loss= -21.03%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 5 months
Trade active
All entries filledBitcoinCash is following the plan so far, let's keep it this way, but keep in mind it could go down for channel support first.
Note
Bounced +15.81% from average entryBitcoinCash going up as expected, nice dip catch! I hope you did not chicken out...
Note
Going well so farBut I am reducing a bit my position on Bitcoin Cash now so I would be able to add back if dips as planned!
Note
Dipped a bit and pumped, +28.47% from entryBitcoinCash almost went down back to entry then finally made the move I was waiting for.
Now facing mid-line channel resistance, so could cool down a bit but then will probably break it!
Trade closed: target reached
TP1 reached with +41.96% (1x) and +2RBitcoin Cash pulled back to buy zone then went for first target following projection.
Trade closed: target reached
TP2 reached with +95.65% (1x) and +4.5RBitcoinCash broke bullish really strong, huge profit taken and still one target to go.
Trade closed: target reached
TP3 reached with +212.69% (1x) and +10.11RBitcoin Cash is amazing, what an early entry it was, right on point!
The kind of swing that seems impossible when you publish it, and yet... 😉
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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.