Now it's time for the retracement. Target would be at the first green line or at the 550 usd.
评论
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We open the trade when we get below 538 usd. We set our stop-loss 670 usd.
Some people may think if it breaks above the triangle pattern it would be a buy opportunity right? No, in my opinion not, atm we're in a highly overbought market. I want to see at least an RSI of 55 or lower on the 3h chart, before I consider to buy back in again.
I won't say it can't go up more, but in my opinion the risks are to big. We're a trader not a gambler.
交易开始
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Our trade was active! We already did fall back to the 560 usd, so our target of 550 wasn't reachedyet. Because we already had a retracement back to 600 usd. We moved our stop-loss to 620. So we secure some profit. And we can just relax and see if we hit our target.
Nice chart! I think it will go to 550 level, then go to 850~900
astrologychick
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You need to stop measuring this in USD and start looking at it next to BTC because the BTC numbers are moving targets. If BCH wants to correct at .1 BTC and BTC keeps moving up from $6,500 - $7,500 then the .1 stop will be at $750 and not $650. Personally I think it will pause somewhere between .1 and .11 BTC whatever those numbers are in USD - and from the looks of things BTC could go up to $8,200 in the next few days. I sold one of my BCH too early it seems at the .89 pause, mainly because I thought everyone else would make it stop at that previous peak and it did pause, but has not come back down to a buy back level for me. But I might get back in and ride it up to .1 along with the rest of my position. I have held onto everything for a long time. Now I need a chance to take some profits, lol.
CryptoCyberpunk
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Its almost 680! I guess not corection yet
costaterrycripto
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verry clever move....you have right
WONGWELY
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Monitor...
CryptoCyberpunk
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U think this is inevitable ? It was going up and down between 645 665 and struggling to go over 670, and volume is slowly going down. I think u are right , pullback to 550 and then another rally up to 720!
UnknownUnicorn1413254
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@MiljanMarkovic, If we get a new rally up, I will post about it.
I think then we could reach 800usd+, but let's first see how the short is going ;)
CryptoCyberpunk
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@CryptoPredictions, well its moved to 665 so i dont think we are going down :)
UnknownUnicorn1413254
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@MiljanMarkovic, This doesn't say much yet. We could easily still go down.
CryptoCyberpunk
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@CryptoPredictions, i dont know it tried to break 640 5 times and it did not go lower . We will see