Updated
Extremely Risky #Elliottwaves Pattern in Bitcoin Cash
Bitcoin Cash traced out 3 waves to the downside from its December 20th high. Right now it is in acute emergency given its longer term wave structure up until now. Followthrough of the current wave into another low means that it traced out an impulse from the Dec. 20th high. Moreover it would leave us with a completed double zig-zag pattern to the upside since the coin's inception. That would be reason enough to call "Game Over Bitcoin Cash"!
We are right now patient until we see either a confirmation to the downside or upside for a trade.
We are right now patient until we see either a confirmation to the downside or upside for a trade.
Trade closed: target reached
No longer updated. Pls refer to our BCH post from Jan. 23 on the lates updates of this instrument.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.