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AlanSantana
Dec 31, 2019 9:25 PM

Bitcoin Cash (BCHH20) | It Is Time To Retrace (6X Lev.) Short

BITMEX:BCHH20240

Description

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We are active with Bitcoin Cash (BCHH20) with leverage on this drop. We are aiming at the 0.618 or 0.786 Fib. retracement support.

I won't detail the chart signals for this one as this is for experienced/advanced traders only.

Beginners tips
  • Avoid leveraged/margin trading.
  • Start simple (Buy and hold to later sell for-profits).
  • Study, practice, take your time and don't start you feel that you are 100% ready to get started. You can also learn on the as you go.
  • Invest time and energy in what you are doing to produce the results that you want.


Hit LIKE to show your support and come back for more.

Namaste.

Trade closed: target reached

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Trade: SHORT BCHH20 | Bitcoin Cash

Leverage: 10X

Buy-in: 0.02888 - 0.02840

Targets:

1) 0.02790 |Hit
2) 0.02700 |Hit
3) 0.02640 |Hit

Stop-loss: Close 4h candle above 0.02940

Liq. price: 0.03056
(Buy-in calculated at 0.02843)

Potential profits: 76.8%

Capital allocation: 5%

Date: 1-Jan. | 2:29 PM GMT-4.

Trade closed: target reached

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- ALL TARGETS HIT!

Trade: SHORT BCHH20 [Bitcoin Cash]

Leverage: 6X

Buy-in: 0.02888 - 0.02840

Targets:

1) 0.02790 |Hit
2) 0.02700 |Hit
3) 0.02640 |Hit

Stop-loss: Close 4h candle above 0.02940

Liq. price: 0.03266
(Buy-in calculated at 0.02861)

Potential profits: 50%

Capital allocation: 7%

Date: 31-Dec. | 11:51 PM GMT-4.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBCHH20BCHBCHBTCbitcoincashbitmexprimexbtaltcoinsalanmasterscrypto
Comments
Harry_Seldon
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I could be crying... I opened a short but forgot/didn't bother to set targets right off. I feel like shit now :)
I've noticed that we often get this kind of wicks at the start of the new bitmex contracts. I guess the liquidity is still low in the beginning.
AlanSantana
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@Harry_Seldon, I agree, I've seen this pattern before.

Many more opportunities will come though, take a look at ADAH20 and XRPH20...



AlanSantana
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@Harry_Seldon, TRXH20 as well:
lucra
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Happy New Year young men :)
Keep up the good work.
Cheers.
AlanSantana
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@lucra, Thanks a lot.

Happy New Year To You!

Namaste.
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