In this update, we take a look at the evolution of the cryptocurrencies we analyzed on December 4. To make it easier to see the evolution of our analysis we look at those coins were we had a concrete trading idea, and where the ideas were triggered. These outlooks are part from our premium analysis service.
Please note that past performance is not indicative of future returns.
On December 4, we said traders would probably buy at 0.2477 with stop loss orders below the 0.2007 low. Following the publication of our outlook the price rose by 190.83%.
On December 4, we said traders would either buy at $88.78 or on a break to $106.27. From $88.78 the price rose by 121% by December 11.
BCH/USD (Bitcoin Cash)
On December 4, we said traders would either buy at $1347 or on a break to $1778. By December 11, the price was up by 5.5% from $134.
On December 4, we said traders would either buy at $169 or on a break to $209.26. The latter scenario played out, and the price rose by 42% over a period of 48 hours.
On December 4, we said traders would either buy at 437 dollars per coin and that following this the price could reach $540 per coin. The price rose as high as $535, which was a gain of 22.42%. The great with this setup was the risk-reward ratio: as the risk was only 8.25% while the return was 22.42%, the risk-reward ratio was 2.71 times the stop loss.