Analyzing the $BCH chart we can see a high probability of a down trend and hopeful retracement down the fibonacci level and moving averages.
My personal trade is as follows:
--open short position on 5x leverage at the .0750 level
--take profts at P1, P2
--close trade at the golden ratio .619 which also coincides with the 50 day moving average.
Gredy trade:
-- wait for a spike back to the .0766 level
--take profts at P1, P2, P3
-- close your trades at the P4, P5 ranges which is also the 100 and 200 day moving averages.
Could even monitor how the fork date goes and if a heavy drop coincides that may even be able to reach the .382 fib level.
My personal trade is as follows:
--open short position on 5x leverage at the .0750 level
--take profts at P1, P2
--close trade at the golden ratio .619 which also coincides with the 50 day moving average.
Gredy trade:
-- wait for a spike back to the .0766 level
--take profts at P1, P2, P3
-- close your trades at the P4, P5 ranges which is also the 100 and 200 day moving averages.
Could even monitor how the fork date goes and if a heavy drop coincides that may even be able to reach the .382 fib level.