SUMMARY
Bitcoin Cash is going to do a deep retracement as had portended in earlier update. The below chart shows an a,b,c,d,e pattern but the e wave sits at the bottom of the triangle line. This is bearish and the line has already been breached.
Short Term correction target could be $1,075
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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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.**