BiTCOIN CASH SV : BCHSV Trade Setup !!BCHSV Trade Setup You Can Trade For Day Trading, But Not Suggestion For Long terms.
Trade Your Own risk.
Bchsv
BCHSV: Experimental Long Buying The Dip Pre-ForkPositions x3 as shown with green dotted lines with tiny position sizes (around 5% of usual). Let the hash wars begin. 15 minute RSI entering oversold territory. Expecting a big dip leading up to the fork as speculators take profits and sell off. Golden line is approximate time of hard fork. Anticipation: BCHABC dump post-fork, BTC to follow suit, BCHSV gain due to increased exchange liquidity and hash war against ABC.
Limit Buys: 0.0253 / 0.0226 / 0.0203
Down from ATH: 34%, 41% and 47% respectively
Targets: 0.04 (0.5 Bcash) +76% and 0.06 (0.75 Bcash) +165%.
Stop Loss: 0.0149 (33%) at November 12th low.
High risk, potential high reward.
Bitcoin Cash SV Here's Your Fib BCHSV is showing very nice price action and respecting this fib very well + decent volume. BCHSV is currently acting as an inverse to BCHABC.
I would be cautious with this coin as it's a fork of bcrash run by not so smart people, so as always use stop-loss.
Currently retracing after rejecting 2.0
Bitcoin Cash (BCH) Short squeeze occured, can move down now.I successfully called the BCH bounce and short squeeze in the last idea. Please view for yourself.
Right now after the short squeeze, price is free to move down. Be careful about buying BCHZ18 on Bitmex. You could be burned. Do not leave any positions overnight unless you are fine with a 10% drop.
I am not going to have an actual short position but it is a nice environment for scalping.
Thanks for viewing!
This is the short squeeze. Notice how people are closing positions on Finex right now as BCH is pumping on Finex due to the pumping of BCHSV.
This chart is the BCHZ18 chart on BitMex.
Bitcoin Cash ABC/SV crossed with Bitcoin Cash BTC/USDCPre-fork markets have been picking up some steam
Many diagonals..
Are they flipping?
Which is the Real Bitcoin Cash which is the Real Bitcoin?
