BCH update 30.10.17
Wave 4 is likely done. I quote myself again:
435-425$ wäre das Idealziel, kann aber sein, dass er schon vorher oder erst später dreht. Das was jetzt gerade runter kommt ist die Welle A, dann B hoch und dann tiefer als A (Welle C).
english: 435$-425$ would be the ideal target for wave 4 correction. Wave A is likely done, now wave B up then C down.
I wrote this quote in the comments 21 hours ago. Now look what happend:
Wave C stopped @ 415$!
here is the bigger count again:
Wave 2 was a double correction called WXY, and Wave 3 was a standard impulse wave. Now 4 is likely done, (could also turn out to be a double correction, if it makes a new low below C) and 5 could have already started.
I probably don't need to tell you that I bought a second bigger position in BCH half an hour ago.
If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. 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 are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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