One of my favorite price patterns are the sexy bottoms like displayed by Bitcoin Cash:
The classic abc is embedded in the rounding bottom and if we move impulive 5 waves up, it would confirm the projection towards $600.
Once the rounding bottom is complete, it could and usually does morph into a cup and handle pattern as shown:
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Very interesting post :) I think we are in for another dip in a week when Poloniex releases its BCH to customers. https://steemit.com/bitcoincash/@hotsauceislethal/bitcoincash-price-forecast-8-7-2017
Let me know what you think about my forecast
Nice post!
Nice post, I'm waiting for JAXX to release my Bitcoin Cash. But its good that it is going up, I cant spend it....hehe
Cheers
Gunga
It's like forced savings!
Thanks for reading!
I know fundamentals alone will push this one up. Stoked that it's still so cheap, but knowing it'll get cheaper still until the markets stabilize.
Yes, I can be wrong. My rate is about 77% of calls are profitable.
I was confused about EW for years. you make it look easy.