After all those bullish patterns have not triggered, BCH needs a new low to "clear" the market of "the weak hands"... Once this is done, the same presumably chinese people who pushed BCH to 2800$ will likely continue their attack on BTC.

It is now keeping quite close to the plan again.

This is how I anticipated it:

I will make an update post once wave 5 of Y is likely done. This will be the point when I buy more BCH from the profits in BTC.

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.

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. 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 responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Have a nice day :-)