[risky] Short term BCH USD, part 2

Very short term, risky trade (btc in the middle of the downtrend), but currently calm
I got request several times for a BCH USD update. BCH could very well do an alt pump like others (ETC, LTC, AION...)

Stop loss on red bar, targets on green bars. Risk reward good

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As said on Telegram, scalpers can take profit with ~10% in less than 4h, others can move the stop loss up vs USD, and start monitoring BCHBTC (with alarms) to know if they should keep BCH or switch to BTC in case the bull run continues

I expect BCHBTC to stay stable, but in case we drop below the red thick mark-lines, convert some to BTC, in case we go over the black line, convert to BCH up to the green lines

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Second profit taking vs USD, finishing all our very short term scalp/trade stack
Swing stacks still in, with stop loss at entry point

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Expecting one final leg up before taking half swingstack profit, and moving stoploss further up

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No updates for now, as BCH/BTC did indeed touch the limit value, so we switched to BTC trading (more % profits)
BCH/BTC almost back to initial value (0.118 instead of 0.121), so if you didn't follow the alarm, you are still good, just missed a small scalp of few %
You can move the stop loss higher, to 1170$ to lock profits with the remaining stack, and sleep on it until we hit the targets, or switch to BTC. Your call. BCH is "more risk more reward"

Rebounded on the channel support. Did not take the trade since I was on BTCUSD, congrats if you did!

Looking at LTC as one of the "big coins" to have a good run vs btc soon

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Touching support again at 1275$. BTC at critical point. We will either get a STRONG up now, or a bleed down then strong down

Nidalas

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Nidalas

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