Bitcoin Cash Elliott Wave Count

POLONIEX:BCHUSDT            

Bitcoin Cash             has made a 5-wave             uptrend since it’s fork on August 2017, moving from about $290 USDT to $4,200 USDT, as seen in the chart.

Since then it has start and ABC 3 wave consolidation, were wave A decline from $4,200 USDT to $1,800 USDT, and we are currently in wave B. Wave B is symmetrical triangle, https://www.freeonlinetradingeducation.com/symmetrical-triangle-breakdown.html , which could last a while before we break out of it.

The Elliott Wave Count on this chart suggest we should break downwards out of this triangle, with a price target of about $1,200 USDT or lower.

I’m waiting for lower prices and maybe a couple of weeks or months to jump into this baby.

Good Luck to You

取消訂單: My Elliott Wave Count got invalidated today with today move. Even worst, it broke the triangle to the downside and then almost immediately broke it back up with a huge candle today, sort of making Bullish Wick.

So, the alternative count suggests we are still in the last 5th wave of this bullish move, with all-time highs expected soon.

Here is the new count:

And as a disclosure I am now long in it.

Good Luck in your decisions

交易結束：達到停損點: Out again. This is one thoug cocky, breaks the triangle down, then up again, then down again.

Pattern not working.

Staying in out and in cash for now.