Bitcoin Cash could run much higher towards $600 and then $800. Here is why:
One of my favorite price patterns are the sexy bottoms like displayed by Bitcoin Cash:
The classic abc is embedded in the rounding bottom and if we move impulive 5 waves up, it would confirm the projection towards $600.
Once the rounding bottom is complete, it could and usually does morph into a cup and handle pattern as shown:
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Very interesting post :) I think we are in for another dip in a week when Poloniex releases its BCH to customers. https://steemit.com/bitcoincash/@hotsauceislethal/bitcoincash-price-forecast-8-7-2017
Let me know what you think about my forecast
![](https://steemitimages.com/DQmPi9YiHQv6HcpMDbJ1SDNUj3U2X1HSGKq72whVUWKzSLP/BCHLogoHurt.jpg!)
Nice post!
Nice post, I'm waiting for JAXX to release my Bitcoin Cash. But its good that it is going up, I cant spend it....hehe
Cheers
Gunga
It's like forced savings!
Thanks for reading!
I know fundamentals alone will push this one up. Stoked that it's still so cheap, but knowing it'll get cheaper still until the markets stabilize.
Yes, I can be wrong. My rate is about 77% of calls are profitable.
I was confused about EW for years. you make it look easy.