$BCH - Time to cool off for a bit from the mad rally

As usual BCH keeps going to extremes just when everyone thought it was dead. This rally is not really shocking because it got dumped extremely hard.

I can't find that 5 waves are done even after this 60%+ jump, so there appears to be 5th wave pending to be played. Either-ways it needs to cool off and I expect the 4th wave will correct to 0.5 to 0.618 Fib which also happens to be just above the $100. Staying above $100 will give confidence to the market

BUT if the price goes below wave 1 top ($90), we should consider that 5 waves were actually done

Take Care. Be Safe

Bình luận:

wow..that was fast 100% hike from the recent bottom, and after taking a look at the count, there appears to be some juice left for another small hike. But that could mean the 5 waves are done

Be Safe (Long-term this coin is badly undervalued)