BCH update 20.01.18
BCH has been in the waiting phase for quite some time. Now it is time to shine again.
The last two times BCH hit this trendline, it was not able to breach it on a closing price basis. But they say the third time is the charm.
If this count is correct, BCH could reach 10,000$ by the end of this year.
But this is a wave 2 scenario in BCH, which means that it can go back down 99% of wave 1 and still be valid.
So in this case if you buy @2000$ you have to risk it falling down to zero, but you get a 4-5:1 risk reward ratio in return, which is awesome.
.png)
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
.png)
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
if it reach half of your prediction then also it is a good investment .
IMO, BCH has still a long way to go. $10,000 by the end of this year may be a bit of an overestimation. But who knows. With crypto, anything can happen.It's just sad that Ver and his team is creating negative energy around the BTC community. Why can't he promote BCH without bad mouthing BTC? Ver is such an arrogant butt hurt dude.
If you could earn millions just by bad mouthing BTC, you probably would, too.
I wouldn't that's for sure.
Lmfao you guys overestimate roger.v , about making millions by badmouthing BTC
Good charts looks promising. Have you ever thought about to give more details to your Elliot-waves strategie e.g. what are the price points until this scenario is valid and what would be the Risk Reward Ratio for a possible trade?
I try to give invalidation levels as often as I can, but sometimes I just forget to do it. Thanks for reminding me.
But this is a wave 2 scenario in BCH, which means that it can go back down 99% of wave 1 and still be valid.
So in this case if you buy @2000$ you have to risk it falling down to zero, but you get a 4-5:1 risk reward ratio in return, which is awesome.
I do think that the price difference between BTC and BCH will get smaller. But without anything other than being the "Real Bitcoin", BCH doesn't really have much of a selling point compared to something like Dash, NEM, PIVX or eve Verge or SmartCash.
Faster, cheaper, bigger percentage gaining potential.
That alone is enough to justify 10,000$ imo.
Totally Agreed. I'm waiting for a 20K Dash this year. Dash has a lot going for it behind the scenes. https://www.dashforcenews.com
10k would be awesome. What are your thoughts about btc? Will bch rise with btc or at the expense of btc?
Together with it. They are following their own counts and can rise and drop without correlation.
There are many more interesting and reliable coins on the market. BCH is on the way down.
Thanks for the post @ew-and-patterns, you are like a financial adviser for me, thanks:)) Upvoted
that's a very interesting thing, and thank you for sharing useful information.
Thanks for the information.
Thanks for share, it's very usefull