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Bitcoin Cash / Bitcoin
Long

BCH Elliott Waves

By Nick_Core
Updated
If we dont see any major manipulation today, we are on the 4th wave as of this writing, I dont typically chart Poloniex for this as the volume is not to my liking for accuracy, but Poloniex has seen some massive interest in BCH.
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One thing that helps with confirmation of Bitcoin Cash's movement is tracking BTC and its movements, so far they reverse in tandem.

Correction needed, bearish divergences on all time frames.
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Also, as a note.... I shortened the impulse waves fractal waves to a-b-c.
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Bitcoin cash currently sits on a resistance turned support level, the Elliott waves above semi tracked but Bitcoin is stealing the show with a ATH test again, that people are calling a bear fake out.I will detail my view on that on my BTC link in the comment above.
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snapshot
Entirely dependent on what BTC does.
BCHbitcoincashelliottwaveprojectionelliotwaveanalysisTechnical IndicatorspoloniextdsequentialTrend AnalysisWave Analysis
Nick_Core
All posts are for educational purposes and are simply my views of markets conditions.

Please do your own research and use my content to educate yourself.

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