SUMMARY
Bitcoin Cash (BCH) is executing a complex triangle combination correction. The triangle was initially labeled as wxexy within the red wave B but given the pattern, it's been updated with an a,b,c,d,e. The final red C wave has subwaves that might not seem very form/fit to an impulse, but for now, it should do, until or unless the direction morphs into something else. In short, I believe the bottom should be near in that this correction is likely more than 2/3 complete. IF that is the case, BCH, which many thought was inversely correlated with Bitcoin, could see one more lower low to a level about equal to the prior wave 4 zone.
The BCH/BTC isn't that different from the BCH/USD complext correction...it's just messier. The lateral, sideways movement is what always gives away the complex correction types. This is the time pacman used by Altcoins to execute the Hurry Up & Wait syndromes. Many had thought that the blue wae A represented the end of the correction....but, no....it'll go for a bit more, I believe.
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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I still believe BCH is the better crypto than BTC, at least for practical uses.
Raising some cash for this because once the correction is over, BCH will go to 10k (at least if not more)...
Yeah
In conclusion it will continue to fall, I expected a rebound, just wait.
If this is true... everyone HODL cause its about to 🚀🚀🚀
yes I also think with you
Im learning from the comments here too thanks @everyone
BTRASH!!!!!
Must be talking about BTC.
Nope, i'm talking about the knockoff Chinatown version, BTRASH.
I made a video meme with the new Bitcoin Private Fork and a clip with the movie they live check it out its on my page and Dtube!
Nice video man, u have my vote ;)
Hey! i was just wondering what software do you use to do your stock analysis?
I believe he uses tradingview.com
Awesome!!! thank you!
The images are from tradingview.com it is free!
Awesome!!! thank you!
great post
Please upload analysis about dcn coin
해진님 글 보니 차트 공부에 도움이 될것 같네요!!~~
Thanks Haejin :)
NULS update ?
Thank you very much for the information
Not sure who would buy Bitcoin Cash at this time. There are so many other cryptos to choose from that are outperforming it.
People who read these threads might.
That's what these posts're for, make suckers buy and deny responsibility via disclaimer - but it's no longer working as you can see, which is why the rates keep falling.
Do you understand that steemit is a money-making machine, and this is its only purpose, to sell stuff ?
And that we have a bear market that will probably last into summer ?
Most people who even comment on these posts are only here to take part in the hype and gather some points by resteeming them. It's all about earning a few cents by saying, "to the moon."
If someone actually puts money into shit, some whales will be more happy.
Waste of time to watch analysis these days, watch the charts once a week and when the bull market returns for at least another week, if it eve does, you can always reconsider.
Negative Nancy over here...Patience because even if it takes till the summer or till two summers from now...we will all be happy...
I"m buying. The adoption of Bitcoin Cash is going by leaps.
the second graph is difficult to read, thanks
I think bitcoin cash has a great future
BCH has been very underwhelming as of late.
Till tomorrow, Steem is great! You create something and watch the free market work all for you. If people like your content, you get cool bucks
Thank you for making this information clearer @haejin.
Soon the whole world will know about Steemit and Steem will skyrocket farther than the moon!
oh yes....
yeah guys, ya'll better hold :)
Just wait until he rapes all the rewards.
LOL yea pretending he is a hero cracks me up