Bitcoin Cash has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Bitcoin Cash began a wave one advance on August 6. The wave one finished on August 8, and the wave two correction ended on August 10. The wave three advance finished on August 19, and the wave four correction ended on August 21. If this wave count is correct, Bitcoin Cash should be heading next towards the August 19 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Bitcoin Cash will takeout the August 19 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Bitcoin Cash will drop below the August 10 low".
If you think Bitcoin Cash is in a range, upvote this post and upvote the comment "Bitcoin Cash will stay in a trading range between the August 10 low and the August 19 peak until September 23".
You can upvote the comment until 3 PM EST August 24 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Bitcoin Cash will takeout the August 19 peak (37 voters as of 3 PM EST August 24: cm-steem, decebal2dac, mattclarke, gregory-f, allyouneedtoknow, twinner, simonjay, lydon.sipe, soundmoney, skririm, thatsweeneyguy, flemingfarm, damla, themovieplace, reconnectnature, sanjay91422, eirik, mirda, cassidyandfranks, mrslauren, wallsnow, pinagpala, fitinfun, yefet, abh12345, miniature-tiger, kooshikoo, andy23, c-c-c, allmonitors, digitalking, mprgrmmr, psywalker, thechauv, arpepa, papercutbut, me-do).
has to keep rising with loads of individual miners switching to bch
Love trading BCH using Thirds Rule Strategy
Reminds me of trading my BTC last year!
:D
Resteemed and Promoted Free for using the "bitcoincash" TAG.
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Thank you cassidyandfranks.
You're very welcome @maarnio
Sending $1.00 SBD Donation to @maarnio for Daily Crypto Contest
I believe Roger Ver and Chinese miners is preparing something huge. Pump it more, so we can dump it hehe
meep
This. With BTC being more congested, centralized and bloated than ever before, BCH will eventually overtake BTC.
I'm hoping my random votes of no knowledge will win, but they probably predict the worst place to put your vote. Enjoying your contests anyway :)
I am with you on that one. Thank you for resteeming.
You're welcome - glad to spread the word and telling my more knowledgeable friends to get in here :)
Bitcoin Cash will stay in a trading range between the August 10 low and the August 19 peak until September 23 (15 voters as of 3 PM EST August 24: freiheit50, me-tarzan, ahinga, catena, lucasgabd, starline, tzap90, libert, osmanbugra, coolthings, jznsamuel, napkin, ragnaros, carlosdaniel, mela).
You won.
Bitcoin Cash will drop below the August 10 low (7 voters as of 3 PM EST August 24: landofcrypto, ace108, razorwave8, toofasteddie, lakov, lig007, vermute).
@maarnio thank you so much, great content! I will follow ;)
Thank you twistedtravel.
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STOPthank you for your updates using your experience and analysis. it's been very useful for me so far!
Thank you saigon.
What's your wider thoughts regarding Bitcoin cash Maarnio? Do you think they would be a good long term hold (like Bitcoin)?
After this wave five is finished I would wait. We could get a correction for at least 2-3 months. I believe BCH will move in sync with Bitcoin in the future.
Great thanks for this @maarnio 👌🏽