SUMMARY
Bitcoin Cash (BCH) placed an impulse (white waves) that peaked with a wave v. Elliott Waves states that after a completion of five waves, there is an a,b,c requisite correction. Those corrective waves are currently in progress. Waves a,b seem complete as shown below and that leaves wave c that could be nearly complete. The blue subwaves delineate the pathway to a potential botto of correction.
A closer look of the correction shows a very sideways action of the price. This is quite normal as it fits well into the Hurry UP & Wait scenario. The triple combo, wxyxz compse the subwaves of the red b wave and the subsequent C subwaves are outlined in below chart.
Legal Disclaimer: 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.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Bitcoin is the newer, better Bitcoin.
With Bitcoin Cash going to 10k and beyond, this is going to be a good buy opportunity
Bummer, I was hoping Bitcoin Cash could keep up the momentum it had from the Coinbase adding, It's way better to use!
Do we have a right triangle forming on the BCH - BTC pair?
That will result in some interesting price action. Bullish
Best time to buy...thanks for the information
haejin you know any other TA , only waves with cup. Guys we are living in modern era. they are thinking we promote other experts but clearly there is difference between haejin and expert @salahuddin2004 .
have a look and find out. haejin please do real analysis otherwise stop this doggy thing.
You have no clout in the crypto community. Go away kid.
Oh come on, Juliealexander... you're Salahuddin2004. You've been posing as other users promoting yourself all week.
Please do Bitcoin Gold Technical Analysis.
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Might be time to buy some bitcoin cash, thank you
Nice analysis Haejin! Check out @CryptoBroye for analysis of your favourite crypto's and https://steemit.com/cryptotrading/@cryptobroye/success-strategies-trading-crypto-s-equities-with-triangle-chart-patterns to see the complete strategy we use for entries and exits :)
Muchas gracias por compartir tus análisis
you are wonderful, brilliant thinking, please support my steemit account and guide me to understand manage steemit and bitcoin, thanks
ty haejin <3
nice post , thank you for inform us
Great post.
Why swallow blocks when you need a house? Deep secret
https://steemit.com/money/@otybest/why-swallow-blocks-when-you-need-a-house--deep-secret
nice
Hey, related to recent crypto-trends have a look at this supporting article, it may bring you some fascinating answers and future hope/strength to HODL: https://steemit.com/cryptocurrency/@pharmacy-jinni/a-retrospective-study-of-cryptomarkets-linked-to-chinese-new-year
Lets start with the question if Crypto currency could be used as a normal curency like your dollar , baht , euro , or pesos . So first of all The worth of cypto currency is changing all the time so you could buy a house with your bitcoins oneday and on the following you would just be able to affort a Sandwitch with the same amount of Bitcoins. This does happen beacause Bitcoin or any other Crypto currency is worth anything beacause people think, beacause people believe in this projekt, Bitcoin, Litecoin, or Steemdollar do not have a worth, there are just worth anyting beacause people believe that this virtual money is worth anyting.
Second there is no equivalent in gold or anyting valuabe. ( Euro or dollar are equivalent to the gold reserves )
These reasons are enough to say that this currency, that way it exists today will never be able to be used as the "money of the future".
Can you do a update on verge?
Thank you for the amazing post really good info
We are going down, down, down .......
Getting impatient! Lol
Me too!
I still owe you a big thank you for the help with Open Ledger problems. You advice worked like a charm.