SUMMARY
Elliott Waves states that an event or news shall arrive to justify the forecast, and never the reverse. This means that Technical Analysis begets the fundamentals, and never the reverse. I see many use fundamentals to try and justify their technical analysis and that's a bit upside down. This is one reason why I pay little to no attention to fundamental analysis.
What has kept me bound to the BCH bullish call is that five waves have been put in and these are sub waves of blue wave 1. BCH has not escaped the "Hurry Up and Wait" syndrome since the correction has now been 2x the time it took for the impulse waves. Once blue wave 2 is complete, which wave is next? That's right, blue wave 3. And this blue wave 3 can't be shorter than blue wave 1. That is how I pin the $1,250 as the target.
The apex, point at which the two white lines of the triangle intersect has been updated and it is scheduled at around the 30th. That's five days. Let's see what transpires. Again, news or an event shall arrive to justify the forecast and never the reverse.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**