Bitcoin Cash Elliott Wave Count

BCHUSDT

Bitcoin Cash has made a 5-wave uptrend since it’s fork on August 2017, moving from about $290 USDT to $4,200 USDT, as seen in the chart.

Since then it has start and ABC 3 wave consolidation, were wave A decline from $4,200 USDT to $1,800 USDT, and we are currently in wave B. Wave B is symmetrical triangle, www.freeonlinetradin...angle-breakdown.html , which could last a while before we break out of it.

The Elliott Wave Count on this chart suggest we should break downwards out of this triangle, with a price target of about $1,200 USDT or lower.

I’m waiting for lower prices and maybe a couple of weeks or months to jump into this baby.

Good Luck to You

Đã hủy lệnh:

My Elliott Wave Count got invalidated today with today move. Even worst, it broke the triangle to the downside and then almost immediately broke it back up with a huge candle today, sort of making Bullish Wick.

So, the alternative count suggests we are still in the last 5th wave of this bullish move, with all-time highs expected soon.

Here is the new count:

And as a disclosure I am now long in it.

Good Luck in your decisions

Đóng lệnh: dừng lỗ:

Out again. This is one thoug cocky, breaks the triangle down, then up again, then down again.

Pattern not working.

Staying in out and in cash for now.