Bitcoin Cash (BCH): Target: $2,068 then $4,489 then $8,500...No! This DOESN'T MEAN DEMISE of Bitcoin (BTC)
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SUMMARY
Bitcoin Cash (BCH) was labeled as shown below and I had called for $2,068. Apparently, price took a slightly different path.
My target remains unchanged. Look at the updated labels. If five waves completed earlier than projected, then an a,b,c correction is in progress.
So, is the c wave of the flat a,b,c correction almost doen? Let's count the subwaves of wave c.....it looks almost done. Maybe one more lower low, slightly.
I've now added the Elliott Waves for the Price Pathway to $2,068 or higher. If price deviates from projection, one simply reassess and update the labels. Remember, there are mulitple paths to the same destination. Also, remain flexible on your EW count and be adaptive because EW is nothing more than trying to identify the most probable.
Here is the MACD...oversold! It'll turn up and to support the new Elliott Wave impulse set upwards.
You want to see the long term projections? Heer it is! Video has more details!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**
ARGH! I just sold an hour ago, watched several red candles go by and thought it was good to be out; then saw a huge green candle, came here, and see that you did this analysis which confirms what I just saw.
I'm still learning! :( And I appreciate your work, thank you! Still need to make time to focus on the book.
My buy ladders thank you.
Nice to have you, aboard.
I prefer Bithumb for BHC pattern recognition
Bithumb shuts down BCH trading, Again.
BCH Don't Care, and responds with micro fractal.
There should be plenty of support @ $1360. If that doesn't hold, we could be look at a slide down to $1150 - the lows from last week.
It's currently trading above 1600 which show tremendous resilience.
Thank you Haejin! I am finally investing in the books and making it my mission to become a elliot wave expert.....You are a true inspiration, and blessing....I tell you this a lot because im grateful for all your work, and i want everyone to see all the time how appreciated you are!
As long as BCH remains more profitable to mine, it will keep rising... Let's see how far it can go.
Again, the analysis for BCH is wrong. 4 days ago I commented that the correction would be below 1400 dlls and that's how it was. It is not an idiot who sells, but rather the one who does not know how to correct their mistakes. Wait correcction on 1300 or less.
GCR please
I withdraw My GCR request. Thx
Wow! Awesome looking charts! 🚀😀🍸
Thanks for the great analysis Haejin! Come on now Coinbase, hand them over please!
I hope you're right... I just picked some BCH up 2 days ago
🐾🐈❤️GOOD EVENING, SIR...EOS, please...correction? Target?Target in June when coins (tokens) need to be registered?