BCH Elliot Wave Count for Long trade on a short term position
This is my count as taken last night before this overnight low was reached. I see these bear market moves unfolding very slowly. Also BCH is more volatile - and therefore more profitable - than virtually anything else in crypto. I think we are still in a Bear market despite the current wave up and may reach lows in the $30-$40 range for BCH. This is why I am planning to exit my trading position on the 5 count of this wave in order to buy back on the downswing. Although I will still HODL my core position in all my cryptos, for what I expect will be a couple of YEARS before the market reaches a real harvest time.
I consider myself a strategic investor and only do a few trades when the market tells me it is time, like right now. Otherwise I just HODL and wait. I have pretty much been waiting all year for a trading opportunity.
Also, my research and philosophy have put me firmly in the BCH camp and there is a ton of evidence to support my view, including during the summer of 2017 when the BCH fork happened when I went to the debate in San Francisco between the Core Team and the BCH development team. This completely convinced me that BCH was the way to go for a lot of reasons, not the least of which was the bizarre and nonsensical logic being used by the Core Team. However, I do still think that BTC will be profitable to trade for some time since it is firmly under the grasp of the banking cartels. I just prefer to be very careful whom I get into bed with.
I have videos on YouTube as SleepWoke and posts on Yours.org as AstrologyChick that spell out my ideas, experience and research more thoroughly after being in this market for over 2 years. My other EW idea is on BTC that I also published today.
NONE OF THIS SHOULD BE TAKEN AS FINANCIAL ADVICE. I am not a trader or professional financial advisor (oxymoron). I am just a free-thinkng and forward minded chick who is playing around with all these pretty chart tools.
I consider myself a strategic investor and only do a few trades when the market tells me it is time, like right now. Otherwise I just HODL and wait. I have pretty much been waiting all year for a trading opportunity.
Also, my research and philosophy have put me firmly in the BCH camp and there is a ton of evidence to support my view, including during the summer of 2017 when the BCH fork happened when I went to the debate in San Francisco between the Core Team and the BCH development team. This completely convinced me that BCH was the way to go for a lot of reasons, not the least of which was the bizarre and nonsensical logic being used by the Core Team. However, I do still think that BTC will be profitable to trade for some time since it is firmly under the grasp of the banking cartels. I just prefer to be very careful whom I get into bed with.
I have videos on YouTube as SleepWoke and posts on Yours.org as AstrologyChick that spell out my ideas, experience and research more thoroughly after being in this market for over 2 years. My other EW idea is on BTC that I also published today.
NONE OF THIS SHOULD BE TAKEN AS FINANCIAL ADVICE. I am not a trader or professional financial advisor (oxymoron). I am just a free-thinkng and forward minded chick who is playing around with all these pretty chart tools.
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