Pato99
Long

BCH wave 2 incoming

KRAKEN:BCHXBT   BCH / XBT
After the first successful pump of BCH we can await further bullish continuation with a second wave which will be followed by a sharp dump.
This requires BTC             to stay in it´s current sideways range between 4000-4400 USD
Kommentar:

to enter this trade we should wait for a bullish signal because we could enter a short sideways consolidation which can last the whole day.

i will update this chart once i think we will reach this point
Trade ist aktiv: Bought 1/5 Position
Trade ist aktiv: Bought 3/5 position
Kommentar: bought full position
Kommentar: actually not a fan of Elliott Waves but it looks good
Kommentar: dumped everything for 0.165

if there will be a third wave ill post a new update
Kommentar: unfortunately missed wave 3 as i was asleep
can i by now????
Antworten
Great call, Pato99.

Caught the first of the two waves but seems I exited prematurely after all. Not sure this pump is sustainable though. Have you seen the divison of hashrate among the two Bitcoin chains? http://fork.lol/pow/hashrate
If nodes on a network is a fundamental indicator of 'a networks worth', BCH should be closer to 7%, i.e. 0.07btc.
Antworten
Pato99 fulrik
@fulrik, its a pump and dump probably and thats all. i didnt even research fundamentals, just saw it is a great trading opportunity
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It is already 600usd...a worthless new altcoin, dont you think it is overvalued.? :P
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Pato99 CoinDreamer
@CoinDreamer, i don´t care if it is overvalued or not, i am here to make money
+2 Antworten
@Pato99, thumbs up to that one pato
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Hey,

good work.

Do you expect completion of Elliott impulse wave (12345)? If yes, what is your final target (5)?
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Pato99 LukaLigabmm
@LukaLigabmm, let´s wait for the second wave to complete before considering a final target
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