Long

BCH Elliott Waves

Updated

If we dont see any major manipulation today, we are on the 4th wave as of this writing, I dont typically chart Poloniex for this as the volume is not to my liking for accuracy, but Poloniex has seen some massive interest in BCH.

Note

One thing that helps with confirmation of Bitcoin Cash's movement is tracking BTC and its movements, so far they reverse in tandem.

Correction needed, bearish divergences on all time frames.

Note

Also, as a note.... I shortened the impulse waves fractal waves to a-b-c.

Note

Bitcoin cash currently sits on a resistance turned support level, the Elliott waves above semi tracked but Bitcoin is stealing the show with a ATH test again, that people are calling a bear fake out.I will detail my view on that on my BTC link in the comment above.

Note

Entirely dependent on what BTC does.

Nick_Core

All posts are for educational purposes and are simply my views of markets conditions.

Please do your own research and use my content to educate yourself.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.