BCH/USD chart is confined to Big falling wedge pattern. Now BCH/USD broke away small triangle pattern. But there are many resistance levels above this price... T.T But, below this price, there are many support levels made by convergence in small triangle pattern. It was very long period. And it is nearest trading prices. So, With this many strong support...
BCH/USD chart made Elliott 4 wave (It is small wave) If BCH/USD chart can generate additionally 5 wave with breaking neck line, BCH/USD chart will make inverse head and shoulder pattern. I think it is will be start of big Elliott 3 wave.
With BTC soaring, ETH/USD started big elliotte 3 wave. I think it will be very powerful with very long correction 2 wave.
Today BCH/USD chart made Elliotte 2 wave in Fib retracement 0.381 I assume that BCH mad 2 waves as soon as possible.
I think BTC has big triangle pattern with doubt. Now 4 hour chart reveals like this. Maybe there are two choice for BTC GODs... I assume that case 2 is more possible because many buyers sold today. the volume in january 7 is same today... Maybe we need high buying for case 1... TT
XRP/USD chart has triangle pattern . it has 50% vs 50% possibility for breaking up this pattern with up or down. I just assume that betting for up is better because there are many support levels below this price. nearest the level is now. it had many retest for break up or support. And below this price there are many support levels. So you can escape after...
I think ETH/BTC chart is making Elliott waves,now 3 waves confined to rising wedge pattern. 3 wave is until Fib retracement 1.618 but it is near to resistance line from 2018 after break away from wedge price will go to 4 wave. It is just report for me. ^-^
It's my practice ^-^. I just describe about my chart with my opinion for report. I thought that BTC chart was confined with falling wedge. And price fell above Fibonacci retracement. this line is very strong resistance. And wave (1) was generated by rebound above Fibonacci retracement. And wave (2) was made. wave (3) is strongest of Elliott waves.It could...