BCH Correction Almost Over

BCH is experiencing an ABC correction and is almost done! Wave C always has 5 waves, and the fifth one is about to complete! Wave 5 is extended so there are five subwaves. The fifth subwave has not yet completed and should bring the price to the support line of the falling wedge , which is around $900.

Now if we zoom out and take a look at the bigger picture, we see that BCH has only completed the primary waves 1 and 2. That means the biggest wave (wave 3) has yet to come. Wave 3 is never the shortest so the price of BCH will at least hit around $4700. Since the crypto-market is so bullish , it wouldn't be unreasonable to target the 1.618 Extension , giving us a target of $7200.

Entry: $800-940
Stop: $650
Target: $4700-$7200
We might have a truncated fifth wave, and this MAY be the bottom. I'm not so sure where the bottom is, but we are getting close.
评论: We're in the buy zone. Let's see how much lower it will go.
looks good so far
exactly what I am predicting. Are you an experienced professional trader? great job explaining too
aoeuaoeu BRMarion
@BRMarion, I'm not a professional trader, but I'm a part-time trader who trades whenever I have time. In the future, I hope to become a full trader.
I’m believe too
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