Wave 3 extended way beyond predictions in Part 1. Expect Wave 4 to retrace to the 31.8 of wave 3 (which isn't a whole lot). Take this with a grain of salt because now that the channels are drawn it shows BCH way up there. Anything is possible in the Crypto Market!! Comments or Feedback is greatly appreciated!!
Just got news BCH is trading in futures (China) as of today
imkeshav
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It appears to be consolidating at 640s for the next rally. Do you think it will correct to below 600 before it hits 700. Also Korea appears to be driving 70% of the volume, any thoughts if that is a concern
dropd01
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@imkeshav, It should hit the 38.2 of Wave 3 which would be around 576 or so. The volume being driven doesn't matter with Elliot Waves. The take into consideration human action which will drive the magnitude of the waves. They almost always follow the retracement patterns. What is hard to gauge is the tops because if there is demand they can move beyond the 161.8 of the Fib.
dropd01
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@imkeshav, Also you never know it could continue consolidation and continue wave 3! Which would be insane