BCH - WHERE TO NOW?

Hey There, so many coins/tokens are in corrections right now and BCH is NOT an exception. So if our 5 waves as shown are in fact complete they now become our PRIMARY WAVE 1...

We have 3 options before we go higher....

BEST case scenario is obviously our green smiley face on the .5 FIB
The not so bad zone is our yellow neutral face in the 'GOLDEN ZONE'
And then the still acceptable zone is our red face, and the reason it is red, is because out HODLers probably wished they sold at $1,845 this zone is probably the preferred zone for anyone that may have missed out on BCH last time.

So all very viable zones and all have plenty of support, BUT, BTC is still in control here and unfortunately when BTC moves down it takes most coins/tokens with it.
We have seen in recent weeks BCH gain strength against BTC and moving higher in it's own pattern without the help of BTC we have also seen the BCHBTC percentage increase, which is also another sign of strength... so now we wait for the bounce and see where we go next!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss.) ALWAYS!!!!!!!!!!!!!!!!!!!
(this applies mainly for traders in margin)

LNE.

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like.... :) <3

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BCH is in the final stages of correction with one wave yet to come... Hang in there guys, I know patience is wearing thin.... but as they say change is just around the corner

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Looking like the final stages f correction for BCH let's hope 1068-1028 is the end and we head up from there ;)

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If you follow me on twitter you would have seen my tweet regarding BCH breaking $1000

new lower targets as wave count is incomplete

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Don't get too excited by this bounce, it is looking like a greater bear flag is forming. Occasionally patterns like this break up, but when I count the waves, there is still more down needed.

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Flag still forming on BCH... to me this should break down as it entered down

Occasionally it goes against the trend, but there is a wave missing, so I say down...

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Small head & Shoulders has formed within the flag... looking more bearish by the moment

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Our head and shoulders is yet to break down, and we look like our 4th wave might possibly go into an ABCDE. It is possible to stop at C, although 4th waves like to drag on and on.

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The slow road to 858-925 :)

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A quick update on this chart. I will do a new prediction chart tomorrow :)

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Here is the latest BCH update :)