BCH rally about to start?

ew-and-patterns(71)

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2018-02-08 18:22

BTC is trying to establish an uptrend and I know from experience that this usually takes some time. But BCH seems promising right now and might easily outperform BTC in 2018.

It dropped from 4,100$ to 760$ and seems stable now.

If this is indeed white wave one and two, BCH is going to have a huge comeback in 2018.

The 78% retracement was hit and it seems to hold for now. This is a standard wave 2 target which makes this count extra promising. It could reach 6,000$ until the beginning of May.

I have shifted some funds to BCH today, because of this 6x opportunity.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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