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Valsyth
7 janv. 2019 03:54

BCH Bull Pennant Breakout (20 Risk to Reward Long) Long

Bitcoin Cash / BitcoinCoinbase

Description

BCH is currently near the end of a large bull pennant. If you take the previous upswing from last month and mirror it over to the current price, you can actually see a very interesting observation.

Taking the fib extension tool, you can see how the mirrored move up matches up with significant fib levels. The move up ends at the 1.618 extension of wave 1 (or A), which coindentially happens to be a double top from before the crash. Finally, this completes the price gap from Nov 20.

By longing at current prices with a stop below 0.0375, you have a 20 R:R trade. Alternatively, you can long the retest of the downtrend line for lower risk.

Transaction en cours

Commentaires
Crypapi
Its crypto mate, Do the opposite of what you believe and you can make some earnings, try it ;)
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