Bitcoin Cash (BCH): Undergoing a Triple Combo WXYXZ Correction
SUMMARY
Bitcoin Cash (BCH) placed an impulse (white waves) that peaked with a wave v. Elliott Waves states that after a completion of five waves, there is an a,b,c requisite correction. Those corrective waves are currently in progress. Waves a,b seem complete as shown below and that leaves wave c that could be nearly complete. The blue subwaves delineate the pathway to a potential botto of correction.
A closer look of the correction shows a very sideways action of the price. This is quite normal as it fits well into the Hurry UP & Wait scenario. The triple combo, wxyxz compse the subwaves of the red b wave and the subsequent C subwaves are outlined in below chart.
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Bitcoin is the newer, better Bitcoin.
With Bitcoin Cash going to 10k and beyond, this is going to be a good buy opportunity
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Bummer, I was hoping Bitcoin Cash could keep up the momentum it had from the Coinbase adding, It's way better to use!
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Do we have a right triangle forming on the BCH - BTC pair?
That will result in some interesting price action. Bullish
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Best time to buy...thanks for the information
haejin you know any other TA , only waves with cup. Guys we are living in modern era. they are thinking we promote other experts but clearly there is difference between haejin and expert @salahuddin2004 .
have a look and find out. haejin please do real analysis otherwise stop this doggy thing.
You have no clout in the crypto community. Go away kid.
Oh come on, Juliealexander... you're Salahuddin2004. You've been posing as other users promoting yourself all week.
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DO YOU LIKE DIS INFORMATIONAL POO?
Muchas gracias por compartir tus análisis
Please do Bitcoin Gold Technical Analysis.
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Might be time to buy some bitcoin cash, thank you
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Nice analysis Haejin! Check out @CryptoBroye for analysis of your favourite crypto's and https://steemit.com/cryptotrading/@cryptobroye/success-strategies-trading-crypto-s-equities-with-triangle-chart-patterns to see the complete strategy we use for entries and exits :)
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