SUMMARY
Bitcoin Cash (BCH) has gone complex and sideways in its correction. When price meanders without distinct direction, the blue WXYXZ seem to be approaching a potential completion but not without a lower low. IF this count is correct, then the final Z wave is composed of a set of abc subwaves and the final c wave should subdivide into fives.
This chart shows the further subdivided waves as shown by the white impulse markings. Can this go sideways more and longer? Yes! If you have any doubts, review the April to November 2017 correction for BCH...it was a very sideways and extended correction.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Elliott Wave Counting Tutorial #1
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BCH has been very profitable for me in the past. People hate it because they realize BTC is not a unique as they wish it was.
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Another great job! FFS
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Thanks @acavetrollquest, I hope you'll be doing these more often.
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awsome post dear
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Bitcoin Cash found buyers at $900, also broke a 4 hr trend line. My 1st short term target is $1300.
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Bitcoin cash is interesting.
In many ways it’s performance is superior to BTC but the market has decided its worth less than one tenth of the price.
Goes to show you, it’s not the best that has value it is sometimes the most visible
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There is mess all around the crypto market... Price is falling very badly be it on steem ot btc... I don't think anyone can give a solid pridiction this time...last month what we predicted is all opposite to what we have right now.... We were expecting a huge rise but itz hugeee fall....
Going very toughhhhh....hope to see some relaxation ahead
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Corrections are slow and hard to stand. Just relax and HODL.
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All we can do is to sit back and just wait and watch...hope for good guys...✌️
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Yes, you are absolutely right. Due to gradually decrease in the rate of steem, people are leaving this market.
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Follow me for arbitrage alerts!This bear market sucks just arbitrage http://arbiswap.com
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Seriously Mr. Lee? You’re talking about $600-$700 lows. If that was the case, I would just wait and buy in the dip. That’s like up to 50% off of current price of $1152. Just out of curiousity, when do you think this will take place? I would like to revisit this TA down the road.
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Wao, what is really happening with the consistent fall in price of cryptos
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interesting
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Good post
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The cryptocurrencies are trying to become wet blankets. Why the low low? Thank you for the information for sure, you are really a hard worker.
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Bulls need some rest before running to the Moon for the next $25-35k late this year.
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Haejin, today’s move up looks just like bitcoin’s. to fit your count as wave 2, do you see this as the a wave in a 5-3-5 zig zag to complete wave 2?
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realy nice post . go bro
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great information ..thank you again
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Hello, will you be able to help me with a vote, would I thank you? Follow me and I follow you.
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what about SBD ?
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Nothing much has changed from last SBD analysis. It is the same as for STEEM.
They are preparing for next bulls run. But only after the BTC has confirmed the change of trend.
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Dear @haejin
You have been flagged via the flag-a-bitch app. The reason is you have been found to be Raping the reward pool with a rate of around 2.133% of the reward fund. To add onto this, your TA's are so horrible that a simple check with a mock portfolio will provide a negative value.
The flag-a-bitch app is being used on you because of your consistent blattant abuse of steemit through means of: abusive self-upvoting, collusive coting groups, and disagreement on rewards. Since we deem that you have been damaging the steem economy, we flag you.
If you would like to help us out with our quest to fight abuse you can check out our post here.
Thank you!
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