BCH UPDATE: Keep Close Eye On This Pattern!!!
SUMMARY
Bitcoin Cash (BCH) is about complete with an abcde triangle. Keep close eye on this as it could blow upwards again!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Wave 3 of C has likely started. Not an abcde if you ask me.
I agree as well. I exchanged my btc holdings for bch until this civil war leans towards a clear winner.
BCH will eventually win with cheaper and faster transactions and Dash would surpass that with Instant and private transactions and by being unforkable. Yes, Dash cannot and will not fork. There is governance for that.
LOL
BTC is still number one. BCH will have its place in the market, but it isn't king. This is all propaganda to get you to sell your cheap BTC. Don't fall for it.
ditto!
Prepare for lift off!
My charts have 900 as to of wave One. Could it go to 900USD before bouncing up? I am still learning... so take what I say with a grain of salt.
So it just finished part B of the ABC correction, and will touch 900 to 1100 before shotting up?
Here is the chart.
Not sure about the exact accuracy of your counts on your charts, but your numbers are correct!
Thanks for pointing that out.... I am a noob at this... My count is horrible... Yet, it does seem it is heading to 900ish...
This could get interesting.
about 12hrs ago the number was over 174K unconfirmed. Now it's only 135K. That's just few secnds worth Tx for Bitshares. you can keep tracking the fall of BTC at https://blockchain.info/unconfirmed-transactions and https://fork.lol/pow/hashrate
BCH difficulty just increased. But when the prices shoot up, more mining power will migrate back again leading to higher prices.
Is this called a bullish wick?
haejin has limited time this week, but may get to user chart analysis if he gets the chance to. Stick around....he shall return!
Nice!I really hope so!!!
I see things more constructively now, this needn't be a war. We have two products to offer now, and both could flourish... so yes, lets hopefully prove that both patients can survive ;)
I like your attitude!
thanks for the update. May I ask does the low of $2xx (from head & shoulder) from previous post still holds?
No, the new morphed a,b,c,d,e gives an upside.
Yea I think its about to take off again, likely tomorrow. Corrected from 2500 to 1100 so heavy correction seems to be gone. Been seeing the charts. Its just zig zag right now. Probably gonna buy 1 or 2 coins and set a stop loss.