According to the Elliot Wave Principle, every market rise in five waves and corrects in three. After an amazing impulse from $190 to $972 in five waves, BCH corrected in a double combo WXY waves, labeled in blue. It all formed a symmetrical triangle set to bust before the end of the month, five new impulsive waves are expected is this count is correct. An...
Hi Seildev here, We're looking at 1 hour time frame a triple bottom with RSI divergence upwards. Historically the chart has not given a 3 point triple bottom. If retraced back to 0.055313 then this is a great opportunity for us to buy with: - Target 1 profits at 0.067464 - Target 2 profits at 0.082000 As always, trade with a plan and safe trading. Seildev
Is this a falling wedge reversal we see? Then we need a game plan! The max consolidation level stopped the drop and we’ve seen a nice bounce. From here, we may see a breach of the falling wedge, a fibo extension target at $454, the pennant target at $466, and possibly even a daily target at $612. I can also see the rally kissing the major fibo resistance at...
An ABC correction with an extended C as i see it, BCH started with an impulse again, the long term support held the bleeding, let's see if it can reach again the resistance and form that fractal!
Looks like BCH is correcting from an 5 impulsive waves waving from $300 to $540, C could find the bottom around $360.
Bitcoin Cash seems to be under a bit of pressure from the usd on the near term. Still doing very well in my opinion seeing how the market responded on the dip down to $300. It is possible that the prices could go down into the 300 dollar zone again and if the market responds the same a nice double bottom will be formed and quite a good buy signal. For now we...