BCHUSD Elliott Wave (Coinbase)
Updated
Coinbase:
When Wave 3 is less than 1.62, the 5th Wave overextends itself.
From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3.
Extended Wave 5 = either 0.62 x length
(beginning of Wave 1 to top of Wave 3) or = length of
(beginning of Wave 1 to top of Wave 3) or = 1.62 x length of
(beginning of Wave 1 to top of Wave 3)
T1: $401 (support)
T2: $508
T3: $681
When Wave 3 is less than 1.62, the 5th Wave overextends itself.
From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3.
Extended Wave 5 = either 0.62 x length
(beginning of Wave 1 to top of Wave 3) or = length of
(beginning of Wave 1 to top of Wave 3) or = 1.62 x length of
(beginning of Wave 1 to top of Wave 3)
T1: $401 (support)
T2: $508
T3: $681
Trade active
Note
Heading for $527Note
Note
Quick Stat: BCH has traded above $1,000 during 9 out of 23 months of its existence (40%).Note
Bitcoin Cash currently above resistence on a huge potential ascending triangle. a confirmed breakout of this pattern would lead to 800s. Trade active
Note
Target: $682Trade active
Note
First U.S. government blockchain token to be backed by the Bitcoin Cash Network! reddit.com/r/btc/comments/c7vshk/local_us_government_to_use_bitcoin_cash_slp_tokens/
Trade active
BCHUSD trade setupNote
note toBCH halving April 8, 2020Note
note to hodlers:* BCH halving April 8, 2020. Great long term buying opportunity.
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