Bitcoin Cash (BCH) Could Reach for a Lower Low

haejin(85)
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SUMMARY

Bitcoin Cash (BCH) has gone complex and sideways in its correction. When price meanders without distinct direction, the blue WXYXZ seem to be approaching a potential completion but not without a lower low. IF this count is correct, then the final Z wave is composed of a set of abc subwaves and the final c wave should subdivide into fives.

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This chart shows the further subdivided waves as shown by the white impulse markings. Can this go sideways more and longer? Yes! If you have any doubts, review the April to November 2017 correction for BCH...it was a very sideways and extended correction.
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Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Bitcoin Cash (BCH) Could Reach for a Lower Low | Ecency