kenj1
Long

Bitcoin Cash: _The_ coin to watch in May.

BITFINEX:BCHUSD   None
This is not financial advice, and I have no idea what I'm doing.
Comment: I could be wrong here but my idea is predicated on BTC having a retracement to between 8300 / 7500.
Comment:

Do not fall victim to this shakeout. This is purely BTC pegged price action. BCH will bounce hard when it’s over.
Comment: Not financial advice. panic sell at your own leisure.
Comment:

Jumping over to BTC Bitcoin and the future promises of LN, the trend is your friend. As I see it the belly in the beast has awakened and 265bn was the bottom on the mcap I have no reason to feel otherwise. The price action feels different this time around with more hawkish speculative gamblers providing plenty of chop but scared money don't make money. As cash is sucked up in these dips providing spectacular pops for alts. I don't see us going lower than 8300$
Comment: Buy the dips on BCH. Not financial advice. Just what I’m doing. The BTC shakeout hasn’t occurred..... yet. I’m still anticipating a nice pullback with BTC, though I could be wrong. BTC is following the trend line shown above perfectly.
Trade closed manually
Comment:

Just think this fractal is awesome. Compare that to btc mega cycle... too cool
Nice One Kenny Boy
+1 Reply
kenj1 Doc-al-Citadel
@Doc-al-Citadel, thanks my matey xD
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@kenj1, ;-)
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Great work, leading to even more insight on this market...and thanks for sharing... appreciated.
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kenj1 Hubris
@Hubris, appreciate that, Hubris. very kind of you to take the time
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Wave 3 is never the shortest
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kenj1 Havane
@Havane, i was torn between placing wave 1 / 2 in the middle of the structure. Did I mention I have no idea what I’m doing :P
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mxd6 kenj1
@kenj1, It looks fine to me, this is a good chart.
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kenj1 mxd6
@mxd6, appreciate that good sir
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@kenj1, what you are calling end of wave 1 is wave 3 (the strongest one), 2&3&4 in your chart are flat ABC correction waves within wave 4 and wave 5 started today at the end of C. That is how I have been looking at it. My target is same as yours though (1900-1950) based on the materialization of Cup & Handle if it happens, fingers crossed at 1600 :)

Good day to you sir.

PS: You don't always have to know what you are doing as long as you are doing it with passion.
+1 Reply
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