BCH/BTC 12H (Binance) Descending channel breakout

٢٣ مايو ٢٠٢٠

TA: Bitcoin Cash looks bullish again after breaking that parallel channel resistance. I will operate it on Spot and Margin (up to 5x).
FA: Hashrate droped after his halving more than a month ago, but now Bitcoin halved, hash power is back on BCH.

Current Price= 0.025541
Buy Entry= 0.025607 - 0.025067
Take Profit= 0.027767 | 0.029748 | 0.032951
Stop Loss= 0.022907

Risk/Reward= 1:1 | 1:1.82 | 1:3.13
Expected Profit= 9.59% | 17.41% | 30.05%
Possible Loss= -9.59%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 360h

٢٩ مايو ٢٠٢٠

تم فتح الصفقة

All entries filled, wait for it to happen now...

٩ يونيو ٢٠٢٠

ملاحظة

It's taking more time than expected, but it's still valid to me and forming a flag now:

١٥ يونيو ٢٠٢٠

ملاحظة

Back to entry range, let's be patient again!