imkeshav
Long

BCH - One final leg up to $650+ after a brief correction

BITFINEX:BCHUSD   None
We may have 1 more 5th wave to a target of $650-670 if this impulse 1-5 plays out. However, we need to have a correction before that. The price going below $500 will invalidate the count

Its also positive that price has broken out of the downward wedge formation decisively.

Also we can see that overall correction appears to be over with a major ABC completion which has 5-3-5 waves. This chart shows the minor abc (green) and the final 5 waves down (red)

#BCH at these prices is a steal in the long-term

All the best!
Oct 08
Comment: We managed to stay out of the channel

Oct 10
Trade closed: stop reached: As mentioned, price going below 500 will invalidate this structure
Do you really think it'll go down to 500 range?
Reply
imkeshav skylord66
@skylord66, Maybe 520
Reply
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