BCHUSD landing on support

BITFINEX:BCHUSD   Bitcoin Cash / Dollar
Looking good for a nice landing on the 50 MA on the 5 min chart or 20 MA on the 15 min chart and gaining the support on the 200 MA
Kommentar: Testing the support to make a double bottom now... still great pricing in my opinion
Kommentar: it really should hold here or we may have some concerns...
Kommentar: Just a few more minutes until the launch and we will see more velocity in an upwards thrust. Last chance to increase your positions at a good price.
Kommentar: It's struggling a little bit here to turn the 200 MA around. This moving average is like a 747 plane compared to the 20 MA being like a fighter jet. So many things to consider when charting. The downward force of the 200 is crushing the wave downward a little bit delaying the rally. It will take a little more time. Don't panic here.
Isn't the price correlation between BTC and BCH is the straigh forward? If so then why we are looking at BCHUSD chart and not at the BCHBTC chart?
"Last chance to increase your positions at a good price" woke up and saw this in the morning and decided to buy 1 more BCH after it jumped to 653 and then back to 638/ All in now! Thanks man!
Thank you so much, godbless you!
What is the likely target?
@mozartc, My target is 1000
mozartc graham.edwards84
@graham.edwards84, Will the Jump now be up to 1000?Will the Jump now be up to 1000?
Stop-loss on .595 level. What do you think?
+1 Antworten
@Detri4228, ok... to be honest I never use stop loss I just stay awake and watch my charts 24 hours a day... lol.
+2 Antworten
Detri4228 graham.edwards84
@graham.edwards84, so do you make living with it or what?
@Detri4228, no I'm just a regular working stiff. I work in a mining camp in Northern Canada 12 hour days so I'm not always at my office desk but I try to keep an eye on things. For me I have just learned to exit out of a position and wait to get back in. Sometimes I have to leave a little money on the table... but I just don't like stops. But if I really had to I would use them.
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