BCH Update: Not the impulse i'm looking for, TARGET REMAINS ($1400)!
Yesterday i drew a long term triangle for Bitcoin Cash set to bust any minute from now. I said that the resistance must have been breached with an impulse, a five wave impulse.
Prices jumped from $332 to $350 but in a very "three wavish" form, judge yourself
That tells me that correction is not done, but the target and potential levels remain strong asf! I re drew the triangle logging the chart, and the apex with no doubt coming before the end of October.
I'm sticking to the same count and the same double combo WXY for the correction, i just re labeled the abcde for Y.
That last impulse completed d and we must see another wave down for e.
The trendline support relies just above $300 but e could take us down to $299, $298 becoming a bullish wick and that would be the start of our Wave III.
The updated chart looks like this, the target and the levels are the same, we just re drew according to the new data. The count is strong!
- Stay connected for more Updates!
MATERIAL PURELY FOR INFORMATIONAL AND/OR ENTERTAINING PURPOSES, THIS IS NOT FINANCIAL ADVICE, BE SURE TO ALWAYS MAKE YOUR DUE DILIGENCE
img credz: pixabay.com
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