BCH risky but potential high reward

I never trusted BCH, but it doesn't mean we can't make money with it
BCH showing good behavior, both vs USD and vs BTC

Put a tight stop loss below the blue resistance vs USD, and below the 0.138 bar vs btc

Very aggressive trade, considering BTC is in "?" mode. Of the 3 scenarii (bearish, stable, bullish), this trade only goes well in one of them, but with a risk reward of 1:5 at least
Which means, be ready to press the "EJECT" button fast at any breakdown

bchbtc :

评论:

Reducing position at 5% profit at 1340$, I really dislike this coin and don't want to hold more than necessary
If 1330 can't hold, pick up some at 1200$ if you are trading vs USD

But first look at bch btc, if we are still over the uptrend, otherwise it means bitcoin rises more or dumps less, and it might be more wise to pick up some btc or other altcoin instead, to get the best performance

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So far so good. Running at +15% for now

Reducing the position was not ideal, as we used the money for another trade that yielded less %. That's the risk about being impatient, and why investors outperform traders in bull markets (and traders outperform investors in bear).

But profit is profit !

This is also why we didn't pull out completely, as the trend reversal pro-bulls is gaining momentum, switching from an "investor + scalp daytrade" to our dear TRI stack (investor, swing, trade)

Moving the stop loss higher with for locked profits. (guilty until proven innocent)

评论:

Very interesting situation

Most blue chips (btc, eth, xrp, bch, etc...) are competing each other for the best performing act
Most broke uptrend vs USD, but not BCH, while oscillating in range vs btc
Black arrow was a quick scalp

Trade still in session, but be careful of the blue support break, rebound is weak.
If it holds, next take profit around 1920$

交易手动结束:

As I said, It got sold when the Stop was reached when it broke the support

Low double digit profits, but the funds were turned toward ETC scalp (sometimes you must follow the hype)