Bitcoin Cash (BCH): Bullish Inverted Head & Shoulders detected and it targets $1,387 or higher. Details in this Analysis!
SUMMARY
Here is Bitcoin Cash (BCH) TradingView chart link so you can follow in real time. There is an inverse Head & Shoulders pattern outlined and its target is $1,387 as minimum travel. Based on this, price is expected to breach the upper horizontal triangle line perhaps by this evening or so. Even at this degree of trend, there might be a hand off of the baton from BTC to BCH.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I like both BTC and BTH!
BCH itself has come down off previous highs to languish around $1,200 - around 50 percent of its best prices. Staunch proponents of the Bitcoin fork as the ‘real Bitcoin’ are currently locked in a forking battle of their own as two strands of BCH emerged last week.
The product of a “malicious fork,” Bitcoin Clashic now represents the original Bitcoin Cash or developers describe it, “Satoshi’s true vision.”
This is nonsense. Bitcoin Cash is up nearly 300% fro it lows several weeks ago. Also the hard fork of Bitcoin Cash was a protocol upgrade and no other coin was created.
can something ever drop so far down that it invalidates a certain analysis?
BTG has dropped pretty low in my opinion.... Can you take a look? just wanna make sure the coin isnt just dead.... RIP BTG
Yes, but probably not in BTG's case. I am happily holding. And, I must say, I am impressed with bitcoin plus qt wallet. Tor enabled, messaging, low coin supply, high return staking. Maybe not long term, but I love the chart.
impulsive waves 12345 cannot overlap like that.
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves
Thanks!
$1.98 (43.30%) in last 24 hours Closing in on your $2.52 analysis of 6 days ago
Tag, your it...
the way I see it, this may be wave 1's target, and wave 3 would be $1850~, as the inverted h&s pattern's target tends to show.