Pato99

BCH wave 2 incoming

Long
KRAKEN:BCHXBT   BCH / XBT
After the first successful pump of BCH we can await further bullish continuation with a second wave which will be followed by a sharp dump.
This requires BTC to stay in it´s current sideways range between 4000-4400 USD
Comment:
to enter this trade we should wait for a bullish signal because we could enter a short sideways consolidation which can last the whole day.

i will update this chart once i think we will reach this point
Trade active: Bought 1/5 Position
Trade active: Bought 3/5 position
Comment: bought full position
Comment: actually not a fan of Elliott Waves but it looks good
Comment: dumped everything for 0.165

if there will be a third wave ill post a new update
Comment: unfortunately missed wave 3 as i was asleep

Comments

can i by now????
Reply
Great call, Pato99.

Caught the first of the two waves but seems I exited prematurely after all. Not sure this pump is sustainable though. Have you seen the divison of hashrate among the two Bitcoin chains? http://fork.lol/pow/hashrate
If nodes on a network is a fundamental indicator of 'a networks worth', BCH should be closer to 7%, i.e. 0.07btc.
Reply
Pato99 fulrik
@fulrik, its a pump and dump probably and thats all. i didnt even research fundamentals, just saw it is a great trading opportunity
Reply
It is already 600usd...a worthless new altcoin, dont you think it is overvalued.? :P
Reply
Pato99 CoinDreamer
@CoinDreamer, i don´t care if it is overvalued or not, i am here to make money
+2 Reply
btboy123 Pato99
@Pato99, thumbs up to that one pato
Reply
Hey,

good work.

Do you expect completion of Elliott impulse wave (12345)? If yes, what is your final target (5)?
Reply
Pato99 LukaLigabmm
@LukaLigabmm, let´s wait for the second wave to complete before considering a final target
Reply
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