Sometimes you need to think big. In this case watching the bigger picture of BCH, because it was able to rise 400% in two weeks. How is that possible? It's sentiment...
People thought BCH is gonna be worthless... And now it is on its way up, to reach levels, that only bitcoin has seen before in the cryptosphere, because the sentiment has turned. If my count is correct, BCH will reach 3500$-4000$ by the end of 2018 and this is expected to be big wave 1.
This is the updated count:
I remember haejin posting a lot of pictures looking like this one in BCH . And most people without Elliott Wave knowledge called him crazy and stupid for his imaginary ideas. Not so imaginary after all.
This is NOT his or mine original forecast picture from months ago, but if you search his archive you will find it, because it is in the blockchain forever. I edited this one to make it look like the one I remember.
It will happen in other coins, too. Not all of them, but many. If you compare this with other coins you will find some also being ready for take off.
From an EW perspective, BCH is having one of the most promising charts right now.
Does this chart ring a bell when you think about STEEM? It should, because this is exactly what is going to happen in a few months from now.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)