Bitcoin Cash Swing Trade with 700 per cent returns
At first we have to short BCHM18 on Bitmex to the previous support on the 29th May 2018. This means an entry from its current level to 0.1233-1270. We expect Bitcoin Cash to retest this position.
Short Side 7 Per cent with 1X Leverage – With 25X Leverage that is over 122 Per cent.
Nouvive recommends a long entry also from 0.1233-1270 with a Saudi stop loss 0.1180.
Nouvive recommends a take profit level to the 0.5 Fibonacci box which is between 0.1520-0.1564.
Long side 23 per cent with 1X Leverage – With 25x Leverage that is over 500 per cent profit.
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