Bitcoin Cash could run much higher towards $600 and then $800. Here is why:

in bitcoin •  7 years ago  (edited)

One of my favorite price patterns are the sexy bottoms like displayed by Bitcoin Cash:

The classic abc is embedded in the rounding bottom and if we move impulive 5 waves up, it would confirm the projection towards $600.

Once the rounding bottom is complete, it could and usually does morph into a cup and handle pattern as shown:


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7 years ago by

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      ·  7 years ago 

    Very interesting post :) I think we are in for another dip in a week when Poloniex releases its BCH to customers. https://steemit.com/bitcoincash/@hotsauceislethal/bitcoincash-price-forecast-8-7-2017

    Let me know what you think about my forecast

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        ·  7 years ago 

      Nice post!

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        [-]
          ·  7 years ago 

        Nice post, I'm waiting for JAXX to release my Bitcoin Cash. But its good that it is going up, I cant spend it....hehe
        Cheers
        Gunga

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            ·  7 years ago 

          It's like forced savings!
          Thanks for reading!

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            1 vote
            [-]
              ·  7 years ago 

            I know fundamentals alone will push this one up. Stoked that it's still so cheap, but knowing it'll get cheaper still until the markets stabilize.

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              [-]
                ·  7 years ago (edited)

              Yes, I can be wrong. My rate is about 77% of calls are profitable.

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                  ·  7 years ago 

                I was confused about EW for years. you make it look easy.

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                  2 votes