SUMMARY
Bitcoin Cash (BCH) is executing a complex triangle combination correction. The triangle was initially labeled as wxexy within the red wave B but given the pattern, it's been updated with an a,b,c,d,e. The final red C wave has subwaves that might not seem very form/fit to an impulse, but for now, it should do, until or unless the direction morphs into something else. In short, I believe the bottom should be near in that this correction is likely more than 2/3 complete. IF that is the case, BCH, which many thought was inversely correlated with Bitcoin, could see one more lower low to a level about equal to the prior wave 4 zone.
The BCH/BTC isn't that different from the BCH/USD complext correction...it's just messier. The lateral, sideways movement is what always gives away the complex correction types. This is the time pacman used by Altcoins to execute the Hurry Up & Wait syndromes. Many had thought that the blue wae A represented the end of the correction....but, no....it'll go for a bit more, I believe.
Legal Disclaimer: 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.
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