November 15 , 11 PM update. BCH is at $1075 and heading down. 
November 16, 5 PM update. BCH is now $890. Target aquired. Let's see how much further it can go.
November 16,  8PM update, BCH found support @ $850 on Bitfinex.
BAM. TA for life.
Update over -------------
![](https://steemitimages.com/DQmQAj796SUHTqcNzo4vnZUawQj8GNHNdYPhaWfeE2e7Gbd/image.png)
--------------------------Update over ---------------------------

If you prefer the video version:

https://youtu.be/fh3R7nXkQBQ

Yesterday, I indicated best case scenerio, we'd hit exactly $2,800, using fib extension 1.618

![](https://steemitimages.com/DQmWTZgDfzMe7D2bE7gDRifgycs6wH25XxQyvvDAyLDNzQe/image.png)

What happened?

![](https://steemitimages.com/DQmfHJb3juX8yvT4rqjQMNRKDDoJcfhDYjhDmgSQmmLLMyZ/image.png)

BAM

Here's how targets were obtained in addition to using fib extension 1.618:

![](https://steemitimages.com/DQmZjNZ9Jpi6aeQbFCrsdNnFEP3nav3H5miTX1RJuiLGM2K/image.png)

As an experienced trader, I take best and worst case scenarios. I never assume a single biased position. If we do this, we become biased and unprepared when the market does something against us. Though when we evaluate all possible ranges, it allows us to REACT to those conditions as they come to fruition. Think of a sports team. We plan for all cases and prepare, rather than simply predict only.

Using BTC correlation techniques, we are now in a corrective process down to these levels indicated by a green box

![](https://steemitimages.com/DQmQLkeJbuKMcvzQCZWPjAJ95PYmPAZ7DPtUHrxhbhFbSNw/image.png)

We are now in an ABCDE corrective pattern for A, ready to move to B

![](https://steemitimages.com/DQmVyGpaLFobJeYUZFaxWM5pcwFM738okMzcdbyvE3yNKAt/image.png)

We don't know exactly how wave C will look, in fact I'll bank on an extended correction with WXY patterns.

Though with 100% certainty, we can  say that the RSI daily is too high and a correction is overdue.

My long position entry target is roughly $750-900. If it hits these targets, we'll be looking at a possible target of $3300 to $4500 next.

Remember there are always winners and losers. We can't win them all, but we take high probability trade setups. Every decision you make is yours to make and the risk must be controlled and managed.

Possible plays covered. I'm usually neither bullish or bearish. I react to the market and predict based on new data that comes in. I don't provide buy or sell signals. I point out facts from what the charts say.

We don't aim to always be right. These are just my opinion. Always lots to learn as trading is a continuous growth process. It's important to share what we think and pass it on. Be open-minded. Constructive criticism is appreciated in a positive way, though negativity, hatred, and rants, aren't healthy in life.

I cover in detail technical analysis, Elliot Wave, with price forecast. The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on.

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I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for.