Something does not seem right about this fork, what if it was just an orchestrated event like everything else in bcash's history? Just something to consider...what happens if they call it off?
Anyway, regardless this is what i'm looking for as far as charting is concerned. Could be wrong. Careful with this coin.
Elliot Wave is often made fun of by some...perhaps this is because it happens to be the one form of analysis that is most frequently abused in order to curve-fit to ones's bias's. But to those who truly understand it (to be honest I am still learning after 2 years of study) it seems like it is abused most by those who are very new to it. And I don't say that to ...
Update. 6h chart. Looks like the complex correction may be complete. Assuming we can get back above the red line, and eventually break the channel i'm looking for (at a minimum) a 50-61.8 retracement of this whole move down, and possibly even a move to new ATHs. But one step at a time.
and potential for a wider market reversal.
4h chart...50 MA has crossed the 100 MA which has in the past been a very strong buy signal. Note the sell volume on the head is less than on the left shoulder. Than it's even less on the right shoulder (assuming the lows hold). Confirmation on a break of the neckline as always (with some volume ).