Bitcoin Cash (BCH): Time PacMan!
SUMMARY
Bitcoin Cash (BCH) is executing a complex triangle combination correction. The triangle was initially labeled as wxexy within the red wave B but given the pattern, it's been updated with an a,b,c,d,e. The final red C wave has subwaves that might not seem very form/fit to an impulse, but for now, it should do, until or unless the direction morphs into something else. In short, I believe the bottom should be near in that this correction is likely more than 2/3 complete. IF that is the case, BCH, which many thought was inversely correlated with Bitcoin, could see one more lower low to a level about equal to the prior wave 4 zone.
The BCH/BTC isn't that different from the BCH/USD complext correction...it's just messier. The lateral, sideways movement is what always gives away the complex correction types. This is the time pacman used by Altcoins to execute the Hurry Up & Wait syndromes. Many had thought that the blue wae A represented the end of the correction....but, no....it'll go for a bit more, I believe.
Legal Disclaimer: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
I still believe BCH is the better crypto than BTC, at least for practical uses.
Raising some cash for this because once the correction is over, BCH will go to 10k (at least if not more)...
Yeah
In conclusion it will continue to fall, I expected a rebound, just wait.
If this is true... everyone HODL cause its about to 🚀🚀🚀
yes I also think with you
bitcoin cash $2800 for sure.
https://steemit.com/cryptocurrencies/@salahuddin2004/bitcoin-cash-eye-on-usd2800-before-28-feb-2018
Im learning from the comments here too thanks @everyone
BTRASH!!!!!
Must be talking about BTC.
Nope, i'm talking about the knockoff Chinatown version, BTRASH.
I made a video meme with the new Bitcoin Private Fork and a clip with the movie they live check it out its on my page and Dtube!
Nice video man, u have my vote ;)
Hey! i was just wondering what software do you use to do your stock analysis?
I believe he uses tradingview.com
Awesome!!! thank you!
The images are from tradingview.com it is free!
Awesome!!! thank you!