Bitcoin Cash - Where There's Smoke, There's Fire - Trade Structure
This will be a separate post to the main post with fundamentals, which you can read here:
This is in part due to length and in part due to me testing different market strategies.
In light of Codemojo racking up $2,500 with obvious bullshit, I thought to myself that perhaps this was a hint from the Gods that I'm not setting the value high enough on my work and perhaps that’s a shortcoming.
I've thought it over, and perhaps there's merit to that. While I am very conscious of what costs you, as the retail trader and my reader, assume, especially considering the fact that most traders aren't making money, and many are from smaller countries where a couple of USD isn't a lot of money to me, but is a lot of money to them, I do think for what is being provided that the value is more than commensurate.
In any event, we’ll let the market decide.
I’ve decided that I’m going to set the pricing for the trade structure at $7.88. Why did I come up with this number?
I am basing it on the average exchange fee for low volume “taker” fees of 0.25% on one Bitcoin Cash at an average price of $1,600.
This works out to $4, which works out to $8 because you have to buy AND sell. This is based on ONE BCH, and if I had to gander, I would bet most people are trading position sizes greater than 1 BCH.
I think if people are willing to pay an exchange $8/BCH to push a button, that at this price, there should be sufficient value in both my fundamental analysis and having a trade structure to follow, with updates.
In this post there will be:
1. Insight into another cause of BTC/BCH price movement;
2. A potential black swan coming on Monday; and
3. Trade structure, strategies, and targets.
And again, if anyone would really like to cough up $150+ for information from a "hongkong investment banker", well, frankly, I'm better and am always graciously accepting tips.
But seriously, if you want to spend that kind of money, give it to the Bitcoin Cash Fund. I'm more than content with the money I earn from doing actual work while actually trading.
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