OLC
Short

Something like this

BITFINEX:BCHUSD   None
258 views
6
What about this idea ? I do think more lower low has to come. Then bouncing upwards from trendline? Maybe. The duration of the lowest low could take until september, october... maybe later. imo
I'm not a trader. I do like watching (study) charts. Feedback would be nice.

Thanks!

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Comment: So we went up for now. I think the shorts will be coming back soon. Then towards the lower low. I'm still hoping for a break towards the upside but it's more likely to assume the continuation some more down.
Comment: It looks like it still follows my idea. I do think we are in long wave 4 for now and continue 2 short wave 5 .... Let's see what happens. I hope the wave 5 will be short and not a slow long lasting sideways continuation...

Comments

You are wrong... Lower low will end soon.... Maybe it will last approximately for 1 months. Thanks
+1 Reply
OLC UnknownUnicorn2679955
@UnknownUnicorn2679955, I think correction elliot wave E is still in play. Currently in wave correction 4 Than up to wave 5 from 1 .
Reply
Erniestomatoes UnknownUnicorn2679955
@UnknownUnicorn2679955, I'm agree. I expect a bounce very soon.
Reply
OLC Erniestomatoes
@Erniestomatoes, I hope sooner. my buying point would be +-500 I expect august. But could take longer.
Reply
astrologychick UnknownUnicorn2679955
@UnknownUnicorn2679955, I agree. 1-2 months more of correction/consolidation. Then OLC chart looks pretty right on to me. Prob will go far higher than this though.
Reply
OLC astrologychick
@astrologychick, I believe so. :)
Reply
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