BCH Trade on May 18, 2019 21:33 from Marius: Tradervue User Stock Trades.

BTC confirming daily HL breaking out on 4H timeframe. RVOL is notably higher. Mid position because we are still looking for a daily LH. Target would be 61.8% retrace. Decreasing daily bear volume with an initial reversal bull spike in volume. Chose BCH because it was second in strength and lagging to BTC comparing ETH, LTC, XRP, & ETC. (still have to add more names to watch)

• RVOL (3.25 on hourly)
• Market Cap 6.7B
• ATR (~20 on 4H)

BTCUSD 4H Chart

BCHUSD D Chart (decreasing bear volume w/ initial bull reversal)

BCHUSD 6h Chart (trade plan overview)

Trade Review

Scaled out half position here due to extended move in price and around algo levels. BTC broke 2 daily resistances in one go. Still expecting more follow through but just being protective. EDIT : (**reason to sell) Decided to sell last half of position shortly after zooming back out to the daily timeframe. I originally wanted to place a stop below the daily HL but noticed we potentially may have reached our daily LH. BTC did pass the 61.8% retracement which is bullish. The odds are less now that we reached this point to go straight back to test the highs. Always checking to see where has the move come from before making entries or exits. A better move would to see/enter on some consolidation before we test the highs. If it does move higher I'll evaluate the data before testing further resistances for a break-out play. Note to add here that CBS will be airing BTC news tomorrow so this could add more to a volatile week ahead.

Edit : In hindsight I did exit the 2nd half of the position early but considering it as a gift to make that amount of profit in the short amount of time. Keeping close tabs on this action adjusting for the next trade plan. Still adapting back to the crypto market.

Profiting and learning is a win/win situation. But always keeping in mind where I can do better to continuing growing and building the trading business/career.