BCH Long trade idea

26 Nis 2021

Trying out some paper trades based on some basic strategy testing. Here's my thinking for the Bitcoin cash USD pair

April 26 bullish signals;
- 3HH, 3HL since January 2021
- Watch for second green candle for double bottom to form
- 20 EMA above 50 EMA
- Candle april 23 touched 50 EMA. Two candles after that didn't, next candle green + close above that red candle

Bearish:
- MACD200 is below 0, signals bearish trend

General:
- Resistance between 1100 & 1200

TRY:
- Buy based on macro uptrend & breakout patterns (flag near 20MA + clean break from 50 EMA)
- 1% of portfolio. Set Stop just below the lowest wick of previous pullback at a little over 1 ATR.
- R/R @1.41