iskfx
做多

Bullish breakout of a falling wedge

COINBASE:BCHUSD   比特币现金/美元
STOP LOSS: 648
TAKE PROFIT: 3913
Risk-reward: ~3.5x

Longer term trend: n/a
Current trend: bearish

General comments:
Price of bitcoin cash under coinbase has been declining since the start of time, slipping ~78.6%. The bullish prediction is set to take over a month, but hey its crypto.

What I like:
1) BCH is at a very low price, allowing interested to stockpile loads of coins
2) excellent risk-reward of over 3x. This is also with stop loss being placed much lower than the all time low, a break that requires lots of selling pressure.
3)

What I dislike:
1) limited data of bitcoin cash . being a newly listed coin on coinbase, the restricted information may skew the opportunity to be more enticing than it really is.

Other things to note:
1) money is made during the buy, not the sell. going long on this extra-ordinary opportunity may not exist in the future

*This is my first few attempts to contribute to the tradingview community. All suggestions/feedback welcome!

x, and happy chinese new year,
iskfx
perfect
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