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It is a mistake to underestimate #BCH, most people did in last November convinced on the FUD that it will soon be a dead coin. I didn't. The chance to buy Bitcoin (BCH) below $400 had excellent Risk:Reward ratio
Now you have a chance to own Bitcoin (BCH) at $500+
We are back in the same place, I've been tweeting since September that BCH is on a sale after a 85% ...
Note that we will have major resistance at $557 because of 100 Day EMA and will also be the 1.618 fib extension of the 1st wave here. Stop Loss is a must here
More details in previous linked charts
This is one of theories I have, see other charts as well
We are done with the 5 Elliott Waves up and ABC correction follows them. We now appear to be in the "c" wave after "b" has been rejected again at 0.382 Fib level again (Red box).
Bulls had this support initially but once the Bears overran their position, they are using it create resistance . Bulls tried to take back this position, but 2 of their attempts failed. ...
Chart has details
We maybe seeing A wave playing out of an ABC correction, more details in chart
The notes in the chart should explain itself
We were in a simililar situation last year where BCH consolidated for a while a exploded later. We have a fork approching on Nov15 and the bull appears to be strong. More details in chart
I think Yes. If this is 4th wave, they are usually triangles and since wave 2 was sharper. This appears to be close to the end considering there is a decent consolidation happening and 6k wall has held so many times
Also I won't be too shocked if there is a capitulation spike down of $500+, will shake out the last HODLers
Bitcoin Cash is at a 90% discount, get it while the sale is on
For the first since the beginning of this bear run, the price is not going down vertically. Instead its totally flat with a recent spike up. Is this accumulation?
Ask yourself, are you all in or waiting for bottoming out?
Be Aware. Be Safe
The daily chart never managed to cross 50 Day EMA (Orange) since May and every reject bought lower lows. This time, price is facing resistance at 50 Day EMA and support at 20 Day EMA.
There has to be a break out in in any direction and it will be violent. We need to stay above $500 to be bullish.
Be Aware. Be Safe
p.s - See related linked charts for more details
The night's watch has repelled the giant bears 8 times@$500-510 support wall. This is incredible and necessary for our Elliott Wave structure to be valid for a final 5th wave push beyond $650
To have a safer trade, you can enter a long after $550
All hail Lord commander Roger Ver
More details for ...
Why do I keep seeing bullish patterns after BCH dropped 90%?
Is it because the most profitable company (Bitmain) in Crypto hold a million coins? or
is it because the network was able to handle 2 million transactions in a day keeping the fees super low?
Maybe its because tokens can now be created on top of its blockchain?
Time to be a investor, not a ...
4th wave appears to be ending as a triangle (as they usually do). Note that we need to hold above $500-510 for this structure to be valid, also 200 Day EMA (pink) is adding support at 510. Breakout can be considered above $550
50 Day EMA (orange) has crossed 200 Day EMA which is bullish.
All the best. Be Aware Be Safe
BTC found resistance again at the downward trend-line. The price is getting squeezed tighter and tighter, it will eventually burst out in either direction. I'm learning towards an upward hike
Be Aware. Be Safe
The "Elliott Wave Principle: Key to Market Behavior" has a chart showing a nine wave EW correction/consolidation and if our prior chart is correct and this is a 4th wave, this makes sense because 4th waves are usually triangles
I'm also impressed that ...