AlanSantana

Bitcoin Cash Preparing To Retrace? Active 7X Lev. For 132%

Short
BITMEX:BCHH20   None
We are active with Bitcoin Cash ( BCHBTC / BCHH20) on a SHORT with 7X... Let's take a look at the chart.

Bitcoin Cash moved first and with strength leaving others behind.
Right now, we can see a bearish candlestick for the last peak as well as momentum is lost.

  • If you look at the MACD , you can see it curving down while the histogram is going lower.
  • Trading volume going lower.
  • Rising trendline likely to be tested.

Prices are still above EMA10 so there exists the possibility of another jump, purple lines.

This is an advanced setup and we are looking at a leveraged trade. This is not intended for beginners, only trade if you are experienced and know what you are doing.

If you are a beginner and looking to profit from Cryptocurrency, trade altcoins which are low risk and high profits, once you learn the game, you can choose to move up and try leveraged trades.

Thanks a lot for reading.

Namaste.
Comment: Previous trade | BCHH20 (+113%)

Bitcoin Cash (ABC) Mapped Out W/ Long-Term Targets To 1400%+

ADAH20 (+150%)
Comment: Starting to drop now.
Comment: Trade: SHORT BCHH20 | Bitcoin Cash

Leverage: 7X

Buy-in: 0.04170 - 0.03870

Targets:

1) 0.03750 |Hit 23-Jan. (+32%)
2) 0.03530 |Next target.
3) 0.03299

Stop-loss: Close daily (D) candle above 0.04274

Liq. price: 0.04383
(Buy-in calculated at 0.03921)

Potential profits: 132%

Capital allocation: 3%

Date: 22-Dec. | 12:57 AM GMT-4.

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