BCH is forming a symmetrical triangle, and we are at the very tip of it. That means that correction is almost over! When the wedge formed between August to October, the price exploded afterwards! We are now forming a very similar pattern. There is no reason to think that the same thing wouldn't happen to BCH.
The RSI is showing the same thing. The RSI is forming a bullish falling wedge. Last time we formed a bullish falling wedge, the price skyrocketed. Why won't the same thing happen again?
With Elliott Wave analysis, we see that we are forming a ABCDE correction and are on wave 4. That means we have one more wave to ride, and that wave will bring us to a new all time high!
The journey to $3000 will be a rough one, but remember this is not a swing trade or a day trade. It could take us a couple months. Still, doubling your money isn't bad, right?
The RSI is showing the same thing. The RSI is forming a bullish falling wedge. Last time we formed a bullish falling wedge, the price skyrocketed. Why won't the same thing happen again?
With Elliott Wave analysis, we see that we are forming a ABCDE correction and are on wave 4. That means we have one more wave to ride, and that wave will bring us to a new all time high!
The journey to $3000 will be a rough one, but remember this is not a swing trade or a day trade. It could take us a couple months. Still, doubling your money isn't bad, right?
Comment:
Bam target hit!
Comment:
Guess it was a swing trade after all.
