SUMMARY
The below chart of Bitcoin Cash (BCH/USD) was posted two weeks ago and a lower low had been forecasted. The upward pointing symmetrical triangle had boded a likelihood of a potential price breakdown. That had occurred but an updated count could be in the works.
The Elliott Wave (EW) count has been updated as can be seen in below chart. I've truncated the correction to completion potential with the red (a), (b), (c) being placed. Wave (c) also can be fitted with five subwaves (purple). In case you are wondering, yes, there is a degree of subjectivity in my analysis which must be amenable to change. Why? Because change is the only constant in our universe. That is the way of this world of impermanence. Nothing from one instant to another is ever constant; it is always different; noticeable or not. So, yes, my analysis will change on the dime when change indicators call for it. Cynics and the uninformed would called this wishy washy; but the informed see it at a higher level.
The most recent price action is being labeled as impulse and correction; a motive. The white five waves compose the subwaves of a higher degree of trend wave 1 and the subsequent abc (red) consist of wave 2. So, IF bitcoin undergoes a minor correction as expected, then BCH can conjoin with it's slightly lower low to complete the red c wave. Conjoining is not required by BTC but given the all the same market attribute, it is likely. The next update post will discuss the next price pathway steps; once the correction is complete.
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.
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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
BCH is still far superior to it's older brother BTC. Much easier and cheaper to use.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Continued support for BCH. Waiting for the moonshot.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for sharing your view
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I legitimately love how you incorporate Eastern philosophies like "impermanence" into your TA; you see the world very similarly as myself and you're able to put it into words better than me.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I made a TA about firecoin, very bullish market
Check it out here
from $1.76 to $2.27 short term
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
Thank you sir for the review
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
thanks for the information, I really like your post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the sharing you views. Your post is very hlpful for investment. You said consult
With a financial or investment professional determined what may be best for your individual need l like this advice ..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would like your opinion here
My breach line is a bit different from yours
Do you think that scenario is reliable?
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
thank you for your posting.
i am a newbie of steemit.
i am pleased to find a mento for cryptocurrency.
looking forward to see your next posting.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you, it will be nice update information to me
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Judging from the latest trend in the market, I have reasons to believe that the bitcoin correction will occur. I will be hanging around to get more updates from you.
I know you are not a financial advisor but believe me This can go a long way refining my financial decisions when I combine it with my little experience.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very nice analysis. I personally bought 1 BCH because of this! Way to go Haejin! Thanks for providing your talents to the community.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the information, hopefully always inspire
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Coins mentioned in post:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
#NSFW
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dear friend, I know that the error of recognition is always forgiven, but not so that you can sell your face anonymously at the price of altruism. The way you try to update patches continuously for hours is to pay a lot of attention to the many people in the community. I have been wrong and feel ashamed of it. And now I understand why you hide your face.
If you are trying to contribute for community purposes, just stop.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yah really promising review
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for wonderful update.......
Please upvote my comment and post....https://steemit.com/zappl/@mrshahriar/my-garden-flowers-red-rose
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Excellent advisable post and to be your idea.Thanks...https://steemit.com/cryptocurrency/@arean22266/the-real-way-to-get-rich-open-source-of-cryptocurrency
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
space technical analysis.
Good post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the update, very useful and timely.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @haejin, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 42 and the total pending payments to posts in these categories was $3583.15. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 218.22 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great post @haejin thanks for sharing good post
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
Oh, very informative post, keep sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This comment has received a 0.03 % upvote from @speedvoter thanks to: @sourovafrin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@haejin Sir, your good suggestions are always motivated us.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit