Bitcoin Cash (BCH) Could Reach for a Lower Low
SUMMARY
Bitcoin Cash (BCH) has gone complex and sideways in its correction. When price meanders without distinct direction, the blue WXYXZ seem to be approaching a potential completion but not without a lower low. IF this count is correct, then the final Z wave is composed of a set of abc subwaves and the final c wave should subdivide into fives.
This chart shows the further subdivided waves as shown by the white impulse markings. Can this go sideways more and longer? Yes! If you have any doubts, review the April to November 2017 correction for BCH...it was a very sideways and extended correction.
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BCH has been very profitable for me in the past. People hate it because they realize BTC is not a unique as they wish it was.
Another great job! FFS
Thanks @acavetrollquest, I hope you'll be doing these more often.
awsome post dear
Bitcoin Cash found buyers at $900, also broke a 4 hr trend line. My 1st short term target is $1300.
Bitcoin cash is interesting.
In many ways it’s performance is superior to BTC but the market has decided its worth less than one tenth of the price.
Goes to show you, it’s not the best that has value it is sometimes the most visible
There is mess all around the crypto market... Price is falling very badly be it on steem ot btc... I don't think anyone can give a solid pridiction this time...last month what we predicted is all opposite to what we have right now.... We were expecting a huge rise but itz hugeee fall....
Going very toughhhhh....hope to see some relaxation ahead
Corrections are slow and hard to stand. Just relax and HODL.
All we can do is to sit back and just wait and watch...hope for good guys...✌️
Yes, you are absolutely right. Due to gradually decrease in the rate of steem, people are leaving this market.
I keep reading pewople are leaving steem because of people like Haejin. I hope that's not true.
Follow me for arbitrage alerts!This bear market sucks just arbitrage http://arbiswap.com
Seriously Mr. Lee? You’re talking about $600-$700 lows. If that was the case, I would just wait and buy in the dip. That’s like up to 50% off of current price of $1152. Just out of curiousity, when do you think this will take place? I would like to revisit this TA down the road.
Wao, what is really happening with the consistent fall in price of cryptos
interesting
Good post