SUMMARY
Bitcoin Cash (BCH) has two potentials: An Ascending Right Triangle as shown below with a,b,c,d,e and an impulse to $3,177.
The other count is a complex correction the befits the "Hurry Up & Wait" syndrome. Thus the correction could be more complex in a wxyxz format. This means, given the extended 5th wave, the retrace could be deeper. Extended Fifteh waves often should sound the alarm for deep corrections. Once c wave is complete, an impulse should take price towards $2,300. Differnt path but same destination.
The BCH/BTC pair is almost complete with it's a,b,c correction whic was also very deep given how extended the 5th was was. I've labeled the subwaves of wave c. An impulse would show the reversal from down to up.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**
Today is a great day if you're holding BTC and SBD, and a very bad day if you are holding pretty much any other alts. Plenty of "red" out there today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Getting killed. Absolutely.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is my fourth flag and comment. See the others for how to remove them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We would certainly prefer the Former.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Love your posts man! Keep it up.
I just threw some money into XVG. Hoping I see some decent return!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks a lot for this analysis Haejin!!Much appreciated.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you. anyway to upstair!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you very much for all your posts and help.
Can you please please please do a TA to the entire Alt-coins Vs. BTC ratio?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you Haejin.
But for these to happen BTC needs to breathe a little.
This is so much different then the market we used to know.
The flooding of people will continue and we will see more of this.
The problem is that we have not anticipated anything like this and got caught in Alts and got screwed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tell me. How to calculate big waves. I correctly distributed or not?
Подскажите. А как посчитать большие волны. Я правильно их распределила или нет?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you will read more posts or listen to some of the videos you would have known that it isn't about the price destination. Its about the direction. Inderdeed BTC is more volatile than USD and therefore more difficult for price predictions, that is why Haejin shows you the chart against USD first. Take what you want from it. We are all adults and still responsibly for our own actions.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Technical Analysis isn't about HOPE, it's about looking at possibilities and finding probabilities. Price projection is not a guarantee. Let's see what price reveals next.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You either ignore BTC chart or ignore TIME FRAME. otherwise all of his predictions will look like sh*t.
Specially with the weirds things going on with BTC atm.
By buying altcoin with bitcoin - you're essentially SHORTING bitcoin.
You do not do that!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit