โโ Mine scenario
โ BCHUSD (COINBASE):๐1D
"Fig.1"
The rise from the orthodox bottom of the triangle โฃ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2), supports this idea. Cancellation of the scenario and, as a consequence, activation of the alternative wave count, - upon the breakout of the orthodox bottom โฃ, the level "invalid" ..
โ BCHUSD (COINBASE):๐4h
"Fig.2"
"Fig.3"
Agree, the wave structure is extremely complex and its interpretation is ambiguous. Figures 2 and 3 show you two options for count, both of which are conducive to continued growth, the only question is: is the correction (2) formed or we are expecting a deeper rollback within the "black" count?
From the level of $ 600 there was a recommendation for a long-position. Upon reaching the levels of $ 880-1020, we may partially reduce the volume of the long-position and prepare for a price decrease within the framework of an alternative count.
โโ Alternative scenario
โ BCHUSD (COINBASE):๐1D
"Fig.4"
The global alternative wave-count suggests a large triangle in the primary wave โฃ, within which a three-wave advance of the sub-wave (C) is expected.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
โ BCHUSD (COINBASE):๐1D
"Fig.1"
The rise from the orthodox bottom of the triangle โฃ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2), supports this idea. Cancellation of the scenario and, as a consequence, activation of the alternative wave count, - upon the breakout of the orthodox bottom โฃ, the level "invalid" ..
โ BCHUSD (COINBASE):๐4h
"Fig.2"
"Fig.3"
Agree, the wave structure is extremely complex and its interpretation is ambiguous. Figures 2 and 3 show you two options for count, both of which are conducive to continued growth, the only question is: is the correction (2) formed or we are expecting a deeper rollback within the "black" count?
From the level of $ 600 there was a recommendation for a long-position. Upon reaching the levels of $ 880-1020, we may partially reduce the volume of the long-position and prepare for a price decrease within the framework of an alternative count.
โโ Alternative scenario
โ BCHUSD (COINBASE):๐1D
"Fig.4"
The global alternative wave-count suggests a large triangle in the primary wave โฃ, within which a three-wave advance of the sub-wave (C) is expected.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
๐ ะะพะปััะต ะฐะฝะฐะปะธัะธะบะธ ะฒ Telegram: t.me/freetradelife
๐ ะะตัะพะดะธัะบะฐ (Ellliott Wave Guide): t.me/elliottwaveprincipal
๐ ะะธะฑะปะธะพัะตะบะฐ (Ellott Wave Archive): t.me/biblioewa
๐ Premium: t.me/freetradelife_premium
๐ ะะตัะพะดะธัะบะฐ (Ellliott Wave Guide): t.me/elliottwaveprincipal
๐ ะะธะฑะปะธะพัะตะบะฐ (Ellott Wave Archive): t.me/biblioewa
๐ Premium: t.me/freetradelife_premium
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
๐ ะะพะปััะต ะฐะฝะฐะปะธัะธะบะธ ะฒ Telegram: t.me/freetradelife
๐ ะะตัะพะดะธัะบะฐ (Ellliott Wave Guide): t.me/elliottwaveprincipal
๐ ะะธะฑะปะธะพัะตะบะฐ (Ellott Wave Archive): t.me/biblioewa
๐ Premium: t.me/freetradelife_premium
๐ ะะตัะพะดะธัะบะฐ (Ellliott Wave Guide): t.me/elliottwaveprincipal
๐ ะะธะฑะปะธะพัะตะบะฐ (Ellott Wave Archive): t.me/biblioewa
๐ Premium: t.me/freetradelife_premium
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.