Bitcoin Cash (BCH) Target Increased to $3,233...HOW? WHY? It's all in this analysis!

in bitcoin •  7 years ago 

SUMMARY

Bitcoin Cash (BCH) is playing the Hurry Up & Wait scenario beautifully! (Video has much more details). The below shows a very sexy Bullish Ascending Right Triangle with a minimum price target of $3,233. The video explains how to calculate this target and draw the lines. The bottom line is check out how Bitcoin Cash rused the earlier five waves that ended in a flame out and now is taking a tortous amount of time to correct. The e wave could perhaps not complete until next Wed or Thursday! BUT, who cares? IF this pattern becomes complete and confirmed....BULLISH! Is now a good time to ladder in? Yes, especially given the bullish wick indicator.

The BCH/BTC pair is a laggard. The abc correction could take this direction. So, one more lower low would be called for prior to an impulse.

BCH/BTC could take this direction and pattern but more unlikely than the first. Regardless, BCH/BTC will have to play out the Hurry and Wait scenario as well. Regardless, it doesn't matter which correction pathway BCH takes...the destination remains the same....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?

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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.**

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7 years ago by

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    • [-]
      ·  7 years ago 

    i dont like b cash it want tokil bitcoin

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    [-]
      ·  7 years ago 

    MOON TIME BABY

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    2 votes
    [-]
      ·  7 years ago (edited)

    Master Lee
    Am I counting it right after the 1st Session with you :)

    https://www.tradingview.com/x/ZcPc3PLr/

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    [-]
      ·  7 years ago (edited)

    Well Done! A complex combination!
    Can you overlay a larger pattern?

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    [-]
      ·  7 years ago 

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      [-]
        ·  7 years ago 

      Thank you, Haejin. I'm thinking five days for c completion.

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      [-]
        ·  7 years ago 

      Thinking the same!

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        [-]
          ·  7 years ago 

        Thank you for the great analysis Haejin! Really appreciate the work you do! It looks like your analysis is purely graph based. I follow news and developments around BCH very closely. Funny thing is that based on my news and other observation research I came to a conclusion earlier today that things are going to start moving up pretty seriously around Wednesday or Thursday (possibly late Tuesday). I also thought that a lower low might happen before that. Great to see a technical analysis that confirms my research/observation-based theory ;).

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          2 votes
          [-]
            ·  7 years ago 

          Not really loving the chart method of investing, prefer fundamentals, but you make an interesting case.

          If you're interested in more fundamental research, give us a read:
          https://steemit.com/steemit/@harpooninvestor/coinbase-and-bitflyer-s-next-move

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            1 vote
            [-]
              ·  7 years ago 

            I agree with you @haejin it will burst even to .5 BTC but before it will test the 0.1 BTC / BTC Cash... because you have enormous whales feeding at these prices.... so it willl deep dive first to feed them... then at Xmass they will start the Bull to 0.5... but for the moment its too early... I buy BCH at 0.111 very soon. But you are totally right it will burst in the end.

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              1 vote
              [-]
                ·  7 years ago 

              Haejin, could you do an analysis of XRP/BTC? I would love to see your wave count on it. Thanks for everything always.

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                [-]
                  ·  7 years ago 

                Glad I got in ;)

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                  [-]
                    ·  7 years ago 

                  Thanks a lot! Allways really looking forward to BCH x)

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                    [-]
                      ·  7 years ago 

                    Hi @haejin. I like your videos and see you like to educate people. I have a question about trading pairs.
                    Can you tell me if there is any advantage trading a base with BTC or ETH? i.e. QSP/BTC or QSP/ETH.
                    Does a coins worth change eitherway?

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                      [-]
                        ·  7 years ago 

                      Probably not. But both ETH and BTC compared to USD, they have more volatility.

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                      3 votes
                      [-]
                        ·  7 years ago 

                      you always discuss to bitcoin..so like it...can you your blog resteemit???

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                        [-]
                          ·  7 years ago 

                        Thanks!!!

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                          [-]
                            ·  7 years ago 

                          that's cool I'm holding my BCH for long term

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                            [-]
                              ·  7 years ago 

                            interesting, I'm still hanging on to bch from the split

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                                ·  7 years ago 

                              @ering has voted on behalf of @minnowpond.
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                                [-]
                                  ·  7 years ago 

                                Dear Haejin,
                                Do you think this will be other way to go up? Thank you :)
                                https://www.tradingview.com/x/Ro4ZZjWu/

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                                    ·  7 years ago 

                                  Your post has been resteemed to my 2500 followers

                                  Upvote this comment if you like this service

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                                    [-]
                                      ·  7 years ago 

                                    I started reading the book Elliott wave technique simplified, I hope to make great prediction like you ;)

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                                      [-]
                                        ·  7 years ago 

                                      I wish you MASSIVE profits!

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                                        4 votes