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RE: FREE Technical Analysis of Your Cryptos!!! By a 15+ Year Veteran of Elliott Wave Counting & Chart Pattern Recognition!!
@haejin I'm trying to practice my EW technical analysis. Here's my latest attempt on BCH.
I would love any feed back you might have, as I'm still trying to learn.
@haejin I've also zoomed in a bit to show ideas on laddering back in.
usually in cryptos, wave V is extended. your wave V here is not. so i think wave v should still run. but this is assuming your count is correct
Fair, but my count would be showing this as the 5 wave of the only the first major wave up, so I don't think the fact that it is not extended will matter all that much.
The correction we're in right now would be wave 2 on the larger scale and then we're gearing up for a big nice wave 3 to crush a lot of the resistance on the way up.
That's my take on it anyways.
I can't see this one very well. Can't zoom in and doesn't enlarge like the first one when I click on it.
Try right clicking and opening in another tab. It should enlarge. STEEM definitely needs some improvements. ;)
Ah I didn't catch that count, thank you for giving my chart a once over! I feel even better about my ladders for re-entry now. :)
Also if my count is valid, that means BCH has a long way to go in terms up of upside... possible $1500-$2000 parabolic growth with BTC? :O
Hell ya! I had projected those levels when entered a few weeks ago.
It looks like BCH is consolidating around the 618 fib retracement level now. It might not retrace as heavily as we want! A 618 retracement is usually indicative of a very strong bull run is it not?
Bravo! Follows the rules. Now can you spot some patterns? Draw some liens and see what you get.