I'm not convinced we have not seen the completed wave correction and I see more downside ahead. Very tired last night and running with no sleep so I didn't see this until this morning. It is a necessary correction that must occur to see the bullish continuation with the final push up to the 1000 range and without this correction we will not get there. The bullish directional blue trend line will remain intact.
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Can we get an Elliotician to help us with a wave count here? That would be very helpful... like @goldbug1 or someone equally experienced
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Click on the chart to see my notes
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BCH could potentially be starting a wave higher here but my thoughts are that if it does it will be a smaller wave with a lower top and then will continue downwards
It's got to be heading for the 530 area. That's what works with all my indicator signals say 520 to 540, you know it's very difficult to be so accurate when these coins don't listen to what I tell them... lol.
fresa
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I think the better way to kepp ur self satfty on the bch trading is the waching and follow RSI to guide u when should to buy and sell
graham.edwards84
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@fresa, im using indicators i just removed them for this chart post
ixflo12341
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honestly, if it goes like ur drawing, I don't see how it will pump to 700 let alone 800... It seems it will never past 670
Sabibaby
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@ixflo12341, Look what happened a few months ago, it came out of nowhere
m00n
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about to pump ?
m00n
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@m00n, big support at 600 and now bounce back to 635$
webmi
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It will go done,.. Stock RSI is on top and will go do. How far? That is the question
CaptainTrader55
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To be honest realized a reverse flag movement on the graph which is most likely gonna follow the short term trend direction, down. What do you think?
CaptainTrader55
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Do you think it will go lower or a good place to get on train? Is correction completed in your opinion? I just don't wanna be late to get on train