Bitcoin Cash (BCHU19) Same Setup (BitMEX Leveraged Trade)

Bitcoin Cash (BCHU19) is no exception, this setup is very similar to the one we just shared for ADAU19 which you can find in the related ideas below.

The signals are simple and as follow:

• Break above resistance in the form of EMA5, EMA10, and EMA50.
  
• Bull volume growing (above average - highest in the past 4 days)
  
• Bullish RSI.
  
• Higher lows...
  

Now, please remember that even with this setup, many bullish signals and bullish action already on its way, any trade/chart and still break down, so make sure to always have a plan and stop-loss in place when trading.

This is for experienced/advanced traders only... If you are a beginner, please check the Altcoins trades (Binance, Bittrex, Poloniex, KuCoin, Huobi, CoinEx, etc.).

Feel free to hit like to show your support.

Namaste.

Comment:

Trade: LONG BCHU19 (Bitcoin Cash)

Leverage: 5X

Buy-in: 0.02820 - 0.03044

Time frame: 4H

Targets:

(1) 0.03200 -Reached (+28.05%)
(2) 0.03330 -Reached (+49.50%)
(3) 0.03440
(4) 0.03590

Stop-loss: Close 4H below 0.02790.

Liq. price: 0.02500
(Buy-in calculated at 0.03030)

Potential profits: 92.4% ROE

Capital allocation: 6%.

Comment:

We are now aiming for our 3rd target.

Comment:

Moving higher... Up to 57.75% ROE to peak price reached so far...
More to come.

Comment:

We hit another target for 67.65% ROE total.
Enjoy the profits.

Targets:

(1) 0.03200 -Reached (+28.05%)
(2) 0.03330 -Reached (+49.50%)
(3) 0.03440 -Reached (+67.65%)
(4) 0.03590 -Next target