Bitcoin Cash had a nice rally after news of a possible hard fork on November 15th.
Despite the good news, keep in mind after BCH has its rally, it will likely drop to normal price. Looking at Zcash, which also had a hard fork in June, it had a rally during news and declined since. I am expecting the same for BCH.
For now, you may choose to long Bitcoin Cash with a stop of 0.0725 on BitMex, and have a short order near 0.0790, if you believe Bitcoin will continue to rally.
Personally, I believe a short with a stop loss above the high will be a safer trade.
Thanks for viewing!
코멘트
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Awesome so far. Short stopped out while long in profit.
코멘트
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Take some profit or have stop loss below new bear fractal
코멘트
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Rally starting to weaken.
45 on mex would be a good place for a stop loss or reduce position.
코멘트
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코멘트
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Looking a little weak right now.
코멘트
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I would consider entering short if we get another rally.
코멘트
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Another rally happened. Huge bearish divergences right now.
790 is ideal short zone but you can start entering near 770.
거래청산: 타겟 닿음
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If you longed you would have made over 8%. I longed a bit later into the rally near 751 so I'm up 5%. Currently looking at shorting.
코멘트
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ON SECOND THOUGHT, LONG NOW.
액티브 트레이드
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Short squeeze of epic proportions may be here.
코멘트
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It may not take is 50% like XRP, but still might get a final rally.