LisaNEdwards

BCH - WHERE TO NOW?

BITFINEX:BCHUSD   None
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
Comment: 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
Comment: Looking like the final stages f correction for BCH let's hope 1068-1028 is the end and we head up from there ;)
Comment: If you follow me on twitter you would have seen my tweet regarding BCH breaking $1000 new lower targets as wave count is incomplete
Comment: 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.
Comment: 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...
Comment: Small head & Shoulders has formed within the flag... looking more bearish by the moment
Comment:
Comment: 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.
Comment: The slow road to 858-925 :)
Comment: A quick update on this chart. I will do a new prediction chart tomorrow :)
Comment: Here is the latest BCH update :)
Lisa N Edwards
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Hi @LisaNEdwards

Is it possible that we are on 3rd subwave of the larger 3rd wave? I could only count 1-2-3, could we be going into a second large triangle that would take BCH to 1200+ ? I adjusted my third wave height to 1230ish because it should be 1.618 of the 1st wave. Always learning. Thanks for taking the time to share with us your ideas as well. And yea...the move was buns. Luckily, I moved to warmer weather and less traffic. ;)



Reply
@LisaNEdwards , love your call of 858-925, think you're right on the mark!! at least I hope! lol. @crypto_83 these patterns are nuts man, especially those flags. When you think they go down, half the time they go up and when you think they'll go up, half the time they go down. Drives me baNANA's!!
+1 Reply
crypto_83 TheKnightsCoin
@TheKnightsCoin, yes true it’s not always easy to find the right entry. Lol
+2 Reply
LisaNEdwards TheKnightsCoin
@TheKnightsCoin, Hope you bought in, some nice gains happening at the moment
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So, your prediction is that it. Still Will falling at the 858-925 levels. So what is the reason you think iT Will fall to that level. I was more thinking after iT will form a flag pattern iT Will shoot up again. Thanks
+2 Reply
@crypto_83,it is possible to have finished the correction, but if BTC doesn't behave BCh will retest lower
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crypto_83 LisaNEdwards
@LisaNEdwards, yes i hope BTC Will bounce of the 7200$ support range again by tommorow. What is your opinion. Or do you think we Will get to the Februari lows?
+1 Reply
Did you know bch, Eth, Ltc follow btc to the dot? I honestly still don’t understand why people chart those tags. If I’m bullish in btc I just buy all alts possible. If I’m bearish I sell everything. Simple as that. :) the beauty of Elliot waves is that there is always an “if” haven’t seen a solid Elliot wave prediction yet and I am eager to find someone who can do them good. I will be watching your calls. :)
+3 Reply
LisaNEdwards ChartsOnTime
@ChartsOnTime, they don't always follow BTC - BCh rise to 1845 belore BTC moved anywhere
Reply
ChartsOnTime LisaNEdwards
@LisaNEdwards, that is because you use minutes. Open a daily and put it one in top of the other. They don’t move the same percentages and that is obvious but look at the daily candles. :)
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