Bitcoin Cash And Dash Could Move Lower
Gregor Horvat | Feb 15, 2022 07:25AM ET
There has not been much change in the Crypto market since yesterday, but we can see some intraday recovery in the Crypto total market cap chart, which indicates that wave four correction is completed. However, we need to see a recovery back to the 2.0T level to confirm wave 5.
DASH/USD is turning sharply down in the 4-hour chart after only three waves A-B-C of recovery, indicating bears are still in control within that ending diagonal pattern, ideally for the final wave (C) of 5. Then we can expect a bullish reversal.
BCH/USD is weak and looks like bears are still in control after the recent three-wave corrective recovery in the 4-hour chart. We still see it in sub wave "iv" correction that can retest the lows for the final wave "v" of 5 before seeing a bullish reversal. Keep in mind that bulls may step in only above 400 regions.
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