BITCOIN Cash (BCH) Time to Correct in Cup & Handle Pattern? Target $1,600 NOT unlikely!!
SUMMARY
For Bitcoin Cash (BCH), it's been making MASSIVE profits for us!! However, now, five waves are in and cmplete. Elliott Waves states that after five waves, an a,b,c three wave retracement is a requisite. Thus, I've forward discerned an a,b,c,d,e triangle as BCH loves triangles.
From a Chart Pattern Recognition perspective the below Cup & Handle is likely. So the upcoming correction could post and complete the handle formation. Then, the resumption of the original trend....UP!
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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.**
Woff, woff!
Hello @haejin, We have met 3 times already!
I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.
KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!
Tips:
Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!
Woff, woff! 🐶
Woff, Woff! lol
I have t been trading this but I still have most of my initial issue (sold a bit to buy EOS). Hopefully the uptrend will resume.
Anyone know what’s going on with bitcoin gold? I have my btc keys but don’t want to move the gold due to replay issues!!
Gold is never going to have support. I wouldn't even bother trying to recover it unless you have at least 3-4 coins.
I think you are right. I don’t support it but it’s depressing knowing it’s sat there, just out of reach! Worth something but at the same time worthless
Thanks for the analysis!
However, there are news that some institutions are releasing their BCH to the market starting from tomorrow (3000BCH per day). I'm not sure if this will have some effects to the wave....
See my recent update:
https://steemit.com/bitcoin/@haejin/bitcoin-cash-bch-five-waves-have-been-completed-for-wave-1-and-now-wave-2-correction-is-due-see-this-analysis-for-the-price
I saw the rounded bottom on BCH and was hoping I wasn't losing my mind. I sold the top of Wave 5 yesterday and bought back in on the dip. This one won't retrace too far before starting wave 3.
we break $680 were going to the 9s good call haej. in at 350$on your call.
yes plz, after taking profits, i bought more bch ;)
thanks for the TA
"전혀이해가안돼!" @asbear
이거 일거보세요:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation
haejin what about this pattern? is this something to look out for? https://www.coinigy.com/s/i/59fe1efa5382b/
With this type of pattern, does it usually shoot up or down?
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