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RE: FREE TECHNICAL ANALYSIS OF YOUR CRYPTOS!! By a 15+ Year Veteran of Elliott Wave Counting & Chart Pattern Recognition!!

in #bitcoin7 years ago

Hey Haejin, Can you have a look at my BCH analysis? I'm trying to practice what I learned from you. It seems BCH is completing a,b,c,d,e correction. Is higher high expected next? Thanks!

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you got it!! Well done!

Thanks!!!

How can you tell if it's going to be an a,b,c,d,e or just an a,b,c? Thanks!

Per EW principles, wave 4 never goes down to wave 1 range. As you can see on the chart, point A is almost touch on wave 1 range. If it's a,b,c correction, c should go lower than a, and then c would go down to wave 1 range, which violates EW principles. So it should be a,b,c,d,e correction. @haejin, please correct me if i'm wrong.