Apologies for those who love Bitcoin Cash I'm not a big fan of it as it stands today (tomorrow is another day I may love it).
I was asked to comment on Bitcoin Cash so for what it's worth there is a Risk Reward 1:1 trade.
Now for me, this is NOT a trade I want to take, for several reasons:
a) I think BCH is finding its feet and I don't want to tie up my capital while it does
b) there isn't enough data to objectively assess its direction
c) I am not interested in Risk Reward 1: 1 trades - there just isn't enough meat on the bone
Now I may be wrong and it may explode but it can explode without me, thank you very much.
Be discerning look for quality trades not just throw darts at a dartboard. So this is a stand aside trade ie no trade.
Hope this helps,
Sean Vengan
Professional Cryptocurrency Trader and Trading Educator
I was asked to comment on Bitcoin Cash so for what it's worth there is a Risk Reward 1:1 trade.
Now for me, this is NOT a trade I want to take, for several reasons:
a) I think BCH is finding its feet and I don't want to tie up my capital while it does
b) there isn't enough data to objectively assess its direction
c) I am not interested in Risk Reward 1: 1 trades - there just isn't enough meat on the bone
Now I may be wrong and it may explode but it can explode without me, thank you very much.
Be discerning look for quality trades not just throw darts at a dartboard. So this is a stand aside trade ie no trade.
Hope this helps,
Sean Vengan
Professional Cryptocurrency Trader and Trading Educator