Wow is the word! Bitcoin Cash finished a bonified five wave impulse up (i,ii,iii,iv,v)!!!! This is huge action! Now, the correction is getting done (a,b,c in red) and boy oh boy wave 3 will be a site to behold. Wave 3s are always very vigorous and one it starts, it's a jaw dropping site to behold. The bullish cross on MACD is just a beauty (green dotted circle)!!! I will be loading up on Bitcoin Cash for a trade and details to come in another blog post shortly. It'll include my laddered buying also!
The two white lines show that Bitcoin Cash has been channeling the current correction. This is also a bull flag.
Here is a didactic post on bull flag formations:
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Quality analysis
I may need to add to this Pump now!
Check my latest vid at @jovialjoel
Nice technical analysis here, but I'm curious why you think Bitcoin Cash is actually a solid investment. I just wrote an article on the subject myself, more from a fundamental standpoint. I just can't see why it is a coin worth investing in at this stage https://steemit.com/bitcoin/@gamerveda/bitcoin-cash-what-is-it-and-should-i-invest
I'm a TA person. I think the rise of Bitcoin Cash could rhyme with the approaching Bitcoin Top as shown: https://steemit.com/bitcoin/@haejin/bitcoin-top-is-approaching-usd3-800
Once Bitcoin dives into a correction, Bitcoin Cash could get some notoriety.
good - resteem
This is awesome! Please keep these analysis coming, I think Bitcoin Cash will be at $600 this weekend.
Yes, I think $600 should be possible but with corrections on the way.
Interesting analysis there my friend. If your analysis is anything to go by then I'd say we have some fantastic time ahead of us. Great job my friend