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Bitcoin Cash racing to cross the channel while picking up buyers

In the last chart, we saw that BCH was comfortably in the channel after a nice bounce from the lower support. Now we have a nice spike today and appear to be heading to the upper end of the channel. We have a long way to go before we reach the end of the road and take some profits.
From Elliot waves, we appear to be in the 3rd wave which is usually the strongest, this make sense of the sudden spike after the consolidation in the last day or two. To be conservative, I'm expecting that 3rd wave will not reach the upper channel and before that we will have corrective 4th wave and then the final run to smash through the channel upper level.
The good thing is that I checked the waves in Daily, 4H,1H etc views and they align very well.
Bitstamp opening trading for BCH is also very positive leading up to that date (although there could be initial dip then). The other fundamentals still hold strong
So hold on to your coins for dear life while you ride this coaster, you can take some profits on the way up if you want. All the best!
Disclaimer: I'm NOT an expert and these are just my views. Please invest after you research throughly
From Elliot waves, we appear to be in the 3rd wave which is usually the strongest, this make sense of the sudden spike after the consolidation in the last day or two. To be conservative, I'm expecting that 3rd wave will not reach the upper channel and before that we will have corrective 4th wave and then the final run to smash through the channel upper level.
The good thing is that I checked the waves in Daily, 4H,1H etc views and they align very well.
Bitstamp opening trading for BCH is also very positive leading up to that date (although there could be initial dip then). The other fundamentals still hold strong
- 3rd in Market Cap
- 2nd most expensive coin
- carries the brand value
- Much lower price entry compared to BTC
So hold on to your coins for dear life while you ride this coaster, you can take some profits on the way up if you want. All the best!
Disclaimer: I'm NOT an expert and these are just my views. Please invest after you research throughly
註釋
We are still well within the channel and it looks good for now.Lets look at the big picture. This is the daily chart, don't you think last night's dip was not really a big deal
Now the 4H chart looks similar as well
Now there could be some correction as well if we are in the sub-B wave. But thats ok
We have lower channel support at 1400 in case there is big dip. Now BTC can act as a temporary spoilsport if it undergoes major correction. So keep an eye on BTC
All the best!
Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。