SUMMARY
During corrections, a seasoned and experienced trader never gets fixated on the fear. This is a discipline that, once developed, goes far beyond recognition by others who lack it. This discipline allows moments of intense fear to become translated into a contrarian fluency. A disciplined trader knows he can choose to see the fear or an opportunity. The informed know precisely what this means and the uninformed can only react by throwing rocks toward it.
Bitcoin Cash (BCH) is not doomed, it's correcting. The extension of time and price into this correction is quite normal and should be expected in any altcoin. The blue wxyxz shows that the terminal end of this correction is approaching. Even BCH is following the leadership of Bitcoin and is not inversely correlated. If it was, BCH would be hitting all time new highs. The subwaves show that blue Z wave is itself more than 2/3 complete. The abc of blue Z is further broken down with the five subwaves of red c of blue z.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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