This is my first EW idea. I think bitcoin is an excellent case to conduct EW analysis.
This idea is cancelled if fundamental factors arise and or price drops significantly below current trend. As it stands now, BCHUSD is trading at 1594 on GDAX with lots of resistance around the .618 fib retrace from the last high.
**NOTE** I am not an experienced trader. I am an investor learning long, short, and swing TA. So please, take it easy on me.
**DO NOT use my published ideas for making trading or investment decisions.
Recommendations are welcomed.
This idea is cancelled if fundamental factors arise and or price drops significantly below current trend. As it stands now, BCHUSD is trading at 1594 on GDAX with lots of resistance around the .618 fib retrace from the last high.
**NOTE** I am not an experienced trader. I am an investor learning long, short, and swing TA. So please, take it easy on me.
**DO NOT use my published ideas for making trading or investment decisions.
Recommendations are welcomed.
Comment:
To clarify, when I say bitcoin, I meant Bitcoin and its most popular fork- Bitcoin Cash against the USD. (BCHUSD).
Order cancelled:
Seems correction continued longer than previously expected.