Trader6127

Too High, Too Fast? A Bitcoin Cash Crash?

Short
Trader6127 Aktualisiert   
BITFINEX:BCHUSD   None
Over 200% in a few weeks? We need a short plan!

A breakout from the support at $885 should bring a huge selloff where we can add short positions all the way down to the pivot support at $535. Be advised, there is a classic fibo support at $582 which can reverse the market pretty hard.

Here;s a closer look.

Cheers and GLWT!
-Erik
Kommentar:
Kommentar:
It was a totally crazy bull flag! I'll post a short idea later on...although, judging by the comments, you guys are not interested in those ones.
Trade geschlossen: Ziel wurde erreicht
Kommentar:
Another totally crazy bull flag? lol
Trade geschlossen: Ziel wurde erreicht:
1685$ HIT OMG WHEN DREAMS COME TRUE!
I'm taking a break now with BCH
Kommentar:
Hahahahaha.... when i sold last night I did not imagine this kind of scenario
Kommentar:
Some short targets:

The chart is so messy now that the price went so high
Kommentar:
Bring stops up to MIN TP $1153
Kommentar:
Ok, let's aim for MAX TP at $908. This is the bottom range of a classic support.
Kommentar:
Falling wedge reversal? :) We broke out of the major classic fibo resistance! Need the other chart to join us, tho.
Kommentar:
MIN TP hit! Then it fell apart... When dealing with these volatile things, particularly in a countercyclical trade context such as this, you hit your first targets and then break out trade after that.
Kommentar:
$1050 ish?
Trade ist aktiv:
Trade geschlossen: Ziel wurde erreicht:
YES!!!
Kommentar:
Countercylical bounce?
Kommentar:
Hit $905 even better! Ok, now we see the bounce?
Kommentar:
Below $1000 is bearish...for now we bullish (but its in a countercyclical environment, so overall bearish).
Kommentar:
New thread:
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.