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BITCOIN Cash (BCH) Time to Correct in Cup & Handle Pattern? Target $1,600 NOT unlikely!! by haejin

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· @haejin ·
$11.73
BITCOIN Cash (BCH) Time to Correct in Cup & Handle Pattern? Target $1,600 NOT unlikely!!
<center>![](https://steemitimages.com/DQmV7DYu1BXRcESjnviy1SJL5YwkeGLnBo3W4dPY145ULHM/image.png)</center>
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**SUMMARY**

For Bitcoin Cash (BCH), it's been making MASSIVE profits for us!! However, now, five waves are in and cmplete. Elliott Waves states that after five waves, an a,b,c three wave retracement is a requisite. Thus, I've forward discerned an a,b,c,d,e triangle as BCH loves triangles.
![](https://steemitimages.com/DQmb1k4TU64q8GcBGmoUQxEB8JUQx6SKExpG8rHXVSe7WDq/image.png)

From a Chart Pattern Recognition perspective the below Cup & Handle is likely. So the upcoming correction could post and complete the handle formation. Then, the resumption of the original trend....UP!
![](https://steemitimages.com/DQmbqufc3a7D8nWHcJysvHHsZzj4YEdgePBrcyeT62LcRgT/image.png)




Please review these Tutorials on [Laddering!](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups!](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder)
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https://steemitimages.com/0x0/http://i.imgur.com/40YQWVI.gif

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
**Legal Mumbo Jumbo**: 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.** </center>
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 43 others
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@beiker ·
yes plz, after taking profits, i bought more bch ;)

thanks for the TA
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@bellyrub ·
<p>This wonderful post has received a bellyrub 3.30 % upvote from @bellyrub.
Please make sure to vote for my pops as a witness @zeartul,<a href="https://steemit.com/~witnesses">Here</a></p>
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@bluephoenix ·
$0.03
Thanks for the analysis! 
However, there are news that some institutions are releasing their BCH to the market starting from tomorrow (3000BCH per day). I'm not sure if this will have some effects to the wave....
πŸ‘  
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@haejin ·
$0.03
See my recent update:
https://steemit.com/bitcoin/@haejin/bitcoin-cash-bch-five-waves-have-been-completed-for-wave-1-and-now-wave-2-correction-is-due-see-this-analysis-for-the-price
πŸ‘  , ,
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@dank700i ·
"μ „ν˜€μ΄ν•΄κ°€μ•ˆλΌ!"  @asbear
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@haejin · (edited)
이거 μΌκ±°λ³΄μ„Έμš”:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation

![](https://steemitimages.com/DQmWL5SFBGmyLavqdaDntNLGXkXuMiLZ5VzbAUmVXGp6b5s/image.png)
πŸ‘  ,
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vote details (2)
@cryptosuf ·
haejin what about this pattern? is this something to look out for? https://www.coinigy.com/s/i/59fe1efa5382b/

With this type of pattern, does it usually shoot up or down?
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@dasflikko ·
I saw the rounded bottom on BCH and was hoping I wasn't losing my mind. I sold the top of Wave 5 yesterday and bought back in on the dip. This one won't retrace too far before starting wave 3.
πŸ‘  
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@grizgal ·
$0.07
I have t been trading this but I still have most of my initial issue (sold a bit to buy EOS). Hopefully the uptrend will resume.

Anyone know what’s going on with bitcoin gold? I have my btc keys but don’t want to move the gold due to replay issues!!
πŸ‘  
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@slapbox ·
Gold is never going to have support. I wouldn't even bother trying to recover it unless you have at least 3-4 coins.
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@grizgal ·
$0.30
I think you are right. I don’t support it but it’s depressing knowing it’s sat there, just out of reach! Worth something but at the same time worthless
πŸ‘  , , , , , , , , , , ,
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vote details (12)
@krguidedog ·
$0.63
guide puppy
http://i.imgur.com/E0FuVhq.jpg
## Woff, woff!
#### Hello @haejin, We have met 3 times already!
I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

Tips:

- **If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.**<br>Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in *Google-Translated* Korean.
- So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
- If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
- If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
- If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

Woff, woff! 🐢
πŸ‘  
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@cryptosuf ·
Woff, Woff! lol
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@preparedwombat ·
$0.62
Most of my Bitcoin is still stored in paper wallets. Gotta get a Trezor and start extracting some forked dividends like BCH.
πŸ‘  , ,
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vote details (3)
@cryptosuf ·
whats a paper wallet? and how are you sure youll have the forked coins? didnt it have to be in an exchange? for you to get it?
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@preparedwombat ·
Paper wallets are old school but quite secure;
https://en.bitcoin.it/wiki/Paper_wallet

No, your Bitcoin does not have to be in an exchange. It's all about the private key so, if anything, a paper wallet is better in a forking situation than an exchange. Ahead of the BCH for, Coinbase warned people to take their BTC off the exchange since they were not going to support BCH. I did so but forgot to do so with a small account I had at blockchain.info

Never did see any BCH turn up in my account there.
πŸ‘  
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vote details (1)
@haejin ·
$0.03
That's a good problem to have!
πŸ‘  , ,
properties (23)
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permlinkre-preparedwombat-re-haejin-bitcoin-cash-bch-time-to-correct-in-cup-and-handle-pattern-target-usd1-600-not-unlikely-20171104t185241734z
categorybitcoin
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vote details (3)
@shawnster ·
https://media1.giphy.com/media/hZfm9Pj95F9Mk/200w_d.gif?fingerprint=e826c9fc59fe2060364c30336bb2629a
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permlinkre-haejin-bitcoin-cash-bch-time-to-correct-in-cup-and-handle-pattern-target-usd1-600-not-unlikely-20171104t213050781z
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@sheffield305 ·
we break $680 were going to the 9s good call haej. in at 350$on your call.
πŸ‘  
properties (23)
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vote details (1)