November 11 BCH Update BAM! The power of TA. Bitcoin Cash BCH hits target. Depending on Correction, Target $1,873+

in #bitcoin7 years ago (edited)

November 15 , 11 PM update. BTC is at $1075 and heading down.
November 16, 11 AM update. BTC is at $995 and heading down.
--- Update over ----

Today, I count 5 elliot waves, and see signs of bearish correction short-term. I see possible correction to 0.382 fib levels to $1,000, provided bullish sentiment continues, then a massive surge to $1,873 first target.

Here is Today's November 11th most Currenty TA Video:

And BAM! Target not only acquired, but highly exceeded. Those that debate the power of TA

Let me show you play by play, how we obtained these targets again.

This is where we currently stand with Elliot Wave

We also had a measured move of 1:1 fib extension of waves 2, 3, 4.

Despite higher highs currently, we must acknowledge that the rsi on 2 HR chart is bearishly diverging, losing strength and momentum.

Here are some predictions based on possible fib correction levels.

A very deep correction could correct down to 786 fib levels @ $550.
A 0.5 fib to 0.618 fib level correction could lead to $730 - $864
A bullish correction could lead to $1000

If a deep correction, and uptrend resumes, target is $1,873.
If a bullish correction to only 0.382, we're targeting $2,153.

Yesterday, I posted a TA video that you can see here:

Remember there are always winners and losers. We can't win them all, but we take high probability trade setups. Every decision you make is yours to make and the risk must be controlled and managed.

Possible plays covered. I'm usually neither bullish or bearish. I react to the market and predict based on new data that comes in. I don't provide buy or sell signals. I point out facts from what the charts say.

We don't aim to always be right. These are just my opinion. Always lots to learn as trading is a continuous growth process. It's important to share what we think and pass it on. Be open-minded. Constructive criticism is appreciated in a positive way, though negativity, hatred, and rants, aren't healthy in life.

I cover in detail technical analysis, Elliot Wave, with price forecast. The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on.

If you enjoyed this video, donate to my Luna's piggy bank (the one who howls with me!):

Luna's personal bitfinex account:

Bitcoin Cash address: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
EOS Address: 0x2538b728f9682fc1dc2e7db8129730f661753850
ETP Address : MTR3P7m5KwHfE1aY51ha2YAQWQhRMPm1VA
OMG Address: 0x2538b728f9682fc1dc2e7db8129730f661753850

Follow me on Twitter for some awesome play-by-play TA.

Twitter - https://twitter.com/PhilakoneCrypto

See my YouTube series for beginners: Starting $200, $1,600 in 16 Days.

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for.

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November 15 , 11 PM update. BTC is at $1075 and heading down.
November 16, 11 AM update. BTC is at $995 and heading down.

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