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Scratchette
Aug 27, 2017 11:46 PM

BCH - ready to jump Long

Bitcoin Cash / BitcoinPoloniex

Description

This alligator is hungry. How long before it starts eating?
BCH seems ready to move onto wave 3.

Trade active

Once it will start moving up ; if wave 3 confirms then
Target 1: end of wave 3 : 0.35
Target 2: end of wave 5 : 0,55

Comment

Broke its support. Doesn't look good right now. Let's see if it rebounds on it. Might take longer than I thought before going up
Comments
juanromero2121
can you draw the numbers as to where the waves are happening I'm trying to learn Elliot Waves, thank you
Scratchette
@juanromero2121,
#1 would be at 0.2435 - this is top point of Fibo (point showing 1 - grey line)
#2 would be first correction - this is what is happening right now
#3 would be at target 1
#4 would be 2nd corrective wave
#5 would be target 2

My concern right now is that its first corrective wave is retracing a bit low.
AdeliaGrande
If in US$ maybe up to what price? .. US$ 1200 first aim? .... second aim ?
Scratchette
@AdeliaGrande, I would say around USD 1400 and USD 2000. But for now it is re tracing a bit low. It would be wise to wait that it goes a bit up for doing a move. It needs to break its trend first.
Zhavior
when is this going to be? Can you please tell me?
Scratchette
@BoydR.MallariSantos, I would think within a day or 2 we should see it going up.
Zhavior
@Scratchette, can i request XMR? Thanks for the info about BCH btw.
Scratchette
@BoydR.MallariSantos, XMR looks like it is in its 4th wave; it could go back up to 0.043 or maybe 0.047. Personally I would wait until it reaches back at least 0.034 before entering that deal. I think it is a bit late to take that deal.
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