SUMMARY
Bitcoin Cash (BCH) has not escaped the sell pressure of current market correction. However, it is not able to violate the Elliott Wave motive fractal. The correction is a requisite process after a five wave impulse wave up. The blue five waves on the left shows an extended 5th and the often results in a deeper retrace than expected..often to the level of wave 2 or so. However, for now, I've placed the target to $1,195.
Legal Disclaimer: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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