Bitcoin Cash possible and very likely price path....And thoughts

Hello Traders,

Today I saw a TA from a VERY well know analyst and I question his motives, seriously BCH $220 USD there would need to be some type of catastrophic wave failure for this to come into effect... so if BCH is supposedly going to $220 USD is BTC going to $3000? It's the same argument, and I'm not saying it isn't possible... anything is possible in the crypto world, but I think as an analyst you need to NOT FUD the public into thinking this is a possible scenario that could be just around the corner, when it couldn't be further than the truth at the moment. And yes I have noticed volume is definitely down, but with TAs like that one... why would a new person to crypto currency invest if there was a major possibility of losing 90% of your investment?

So here is my 2 satoshis worth as I don't currently share the same view as that analyst. Like BTC, BCH shows a Head and Shoulders pattern forming which should be confirmed with the completion of wave 3 in the current 5 wave set up of which we are about to complete wave 2 or out first wave in the larger pattern. Once wave 3 completes we should confirm the head and shoulders pattern bringing our price prediction for the larger 5 wave pattern to around $2,940 USD

We have started this first wave of the third with a leading diagonal so thus allowing the waves to overlap - NOT wave failure as suggested other analysts.

This gives our forest from the trees scenario for the HODLER's out their hope that BCH of all time highs of $10-15,000 USD

As always Happy Trading... And yes awareness is key, so please always trade safely, minimise your risk, use a stop loss.

LNE.

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

Comentário:

quick update

I think there is a possibility that wave 2 has not completed, so please keep this alternate count in mind. Wave 2 completion could be as low as 1200ish