SUMMARY
Bitcoin Cash (BCH) was talked heavily not too long ago as to how it was inversely correlated with Bitcoin. I had taken the other side of this impression. BCH follows Bitcoin as it has in the current correction. Similar to Bitcoin, BCH is nearing a visible bottom.
The below chart shows a symmetrical triangle labeled using WXYXZ count (blue waves). IF this pattern is followed, then wave Z could reside at or a bit below the bottom white triangle line. Much of this scenario will depend on Bitcoin's depth of the upcoming lower low. A bull wick to clean out the weak hands would be natural, as well.
The same price pattern counts well as a large Flat abc correction. Red B wave is formed as a triangle and the final red C's subwaves are shown in white. This too shows that the correction bottom isn't distant but rather nearby.
Legal Disclaimer: 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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It saddens me to see you And @ranchorelaxo get trolled by people who have nothing better to do. If it ever bothers you, just know that the forces of evil like to enjoy beautiful things.
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ohh shutup... someone should screw this guy (@ranchorelaxo) without doubt...
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Bitcoin is having real trouble just now, this is where I see it finding support: https://steemit.com/bitcoin/@investingtips/i-m-out-of-crypto
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But BCH does have a connection with BTC, which is undeniable, and the comparison is bisected.
I will always support you and my friends.
I hope you can support me.
thank you
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always following you @haejin your posts have introduced me in the understanding about the behavior of the fluctuation of cryptocurrencies, you have been very helpful,
thanks for everything !!
I will continue reading your post to know more ...
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What Do You Think Of Stellar XLM? About to pick some up
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Good job, friend. Thanks.
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Good Analysis!! I Found It Very Interesting!!
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좋은 정보 감사합니다..
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Thanks, BCH is not my favorite but if you give input I'll think, your posts are very interesting you share a lot of information
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Great analysis @haejin.
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Nice analysis on BCH Thanks!
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a very good post
anyone who reads it will like it
I really like your posts
@muhammadkariman
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not too shabby? lol
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I'd like to see Bitcoin Cash at a £50 so I can finally afford a whole one!
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I am buying 10 BCH @ $665
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Hello friend @haejin amazing post.follow me please
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lol
childish but lol ^^
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