$BCH - The missing 5th wave

2018年12月23日

One of the observations we were looking out was if there will be a turn around at 0.382 Fib (see previous chart). This chard is based on that assumption and the fact that on the $ hour chart 200 EMA is offering support and we just broke above $200

But the 50 Day EMA and previous top ($230) must be breached for the final confirmation

I'm taking a trade with Stop Loss at 180-190. Need to be careful here

Previous chart

2018年12月23日

註釋

Crossing the 50 Day EMA (Orange) will not be easy, but going and staying above it will be very bullish

2018年12月24日

註釋

BTC decided to be a spoil sport, so back to the correction

2018年12月25日

註釋

As mentioned in the charts, we retraced to the 0.5 Fib retracement which also happened to be where 100 EMA (4H) was. So got support there and lets hope this ends here. We lose this level, then its $130 at 0.618 Fib

2018年12月26日

註釋

I'm leaning towards going down to 0.618 Fib level. Confirmation would be if C wave went below A



A major assumption is that the red C wave has 3 sub-waves(yellow abc) each with 5-3-5 subwaves

2018年12月27日

註釋

Hope the chart helped