Bitcoin Cash (BCH): What Would a Bearish Chart Look Like?
Because the pattern was developing for a while and now that price has breached the lower line of the upward pointing wedge, this chart is being brought to awareness.
The upward pointing wedge had been forming since February 6 and moved within contracting, upward pointing lines. The subsequent breach was also completed in five waves (white) where the 5h wave is yet complete. The key will be in the degree of the red wave 2 retrace as if this provides the higher high; then he Inverted H&S is back in play; but I believe this direction might become primary count soon. Get your cash ready and keep dry as the minimum run down by pattern measurement would be $267 and by Elliott Waves Fib $220. THIS IS NOT YET my primary count as I'm awaiting the nature of the red wave 2 retrace.
So, that was the TREE View; what about the FOREST View? If you consider the below chart; you might ask: What difference does it make as to what price does now at these short term frames? IMHO, NONE!
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Excuse me Mr. @haejin sir. Can I borrow some SBD please? I haven't been able to earn anything in long time and I have some bills coming up.
Thanks in advance
LOL! As soon as you stop downvoting me and remove your last six days downvotes. I’ll do the same. Deal? I suspect not. Please let me know.
@haejin. Just follow some sort of standard of decency and the downvotes will cease.
As Bitcoin goes, do goes the price of the alts. Alts are tied to BTC and BTC is tied to news. Good news, BTC goes up. Bad news, all cryptos plunge.
The last chart is of Bitshares but since all the coins seem to be doing the same thing...it doesn't matter...what will happen next...WAVE 3!!! AKA MOON!!!
Fixed. Thanks.
Pretty much gotta look at bitcoins price bcuz all other coins follow bitcoin...
BCash is doomed as it is as SEGWIT is being activated on most of the exchanges; so lowering down the fees which was the prime reason or a shout out for BCash team to hide their main agenda of centralized mining.
Coinbase has activated SEGWIT for BTC/LTC. BCash have no major feature development since the fork. Considering the analysis it may go down more due to these reason.
Keep sharing, thanks.
BCash is not out yet. BCash is a fork of ZCash. You are a bit confused.
Seems you are a supporter of BCH which is B=Bitcoin & Cash=CH; so it is BCash/BCH. All coins ending with Cash are crap coins. Sell you BCH and get the prime coins or the ALPHA (Bitcoin) else you would regret later. By this May, LTC would have taken the position over BCH considering the market cap. Good Luck...
May it is :D
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Hi @haejin,
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Hi @haejin,
It seems you got a $13.5868 upvote from @btu at the last minute before the payout. (20.78h) and this comment is to make everyone aware.
Please follow @abusereports for additional reports of potential reward pool abuse. Thank you.
I think BCH will only go up in value if btc transaction costs start to rise again. Until then I’d hold off buying bch.
BTC transaction cost is down because its usage has plummeted. So has its adoption. Adoption of BCH is growing inspite of BTC current transaction cost. Look at BCH adoption rate and the upcoming upgrades. Upgrades that you won't find on BTC.
But bch is dropping too, isn’t it?
I do not really understand about bitcoin, I have to learn to you and sorry if I will follow you. Warm greetings from the Gayo highlands.