🚀 Bitcoin Cash (BCHUSD): Triangle ④
●● Preferred count
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BCHUSD,🕐TF: 1D
Fig.1
The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021. Subwaves (A), (B) and (C) have been completed within the triangle, an ascending zigzag is expected within wave (D).
At the end of the triangle ④, a trading setup will open in a long-term long position.
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●BCHUSD,🕐TF: 8h
Fig.2
The first wave within the uptrend, marked ⓘ, took the form of a zigzag. This zigzag may be the first wave within the leading diagonal A of (D). I recommend waiting until the diagonal is fully formed, and then join the buyers at the end of the subsequent correction B.
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●BCHUSD,🕐TF: 30min.
Fig.3
Variant of counting waves within a thirty-minute chart.
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●● Alternative count
●BCHUSD
Fig.4
The alternative is a bearish triangle (X). In general, the count is consistent with the main scenario up to the top of the triangle (X), but it is worth remembering: in about 60% of cases, wave "B" of the narrowing triangle ends behind the beginning of wave A.
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Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
●
BCHUSD,🕐TF: 1DFig.1
The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021. Subwaves (A), (B) and (C) have been completed within the triangle, an ascending zigzag is expected within wave (D).
At the end of the triangle ④, a trading setup will open in a long-term long position.
_______________________________________
●
BCHUSD,🕐TF: 8hFig.2
The first wave within the uptrend, marked ⓘ, took the form of a zigzag. This zigzag may be the first wave within the leading diagonal A of (D). I recommend waiting until the diagonal is fully formed, and then join the buyers at the end of the subsequent correction B.
_______________________________________
●
BCHUSD,🕐TF: 30min.Fig.3
Variant of counting waves within a thirty-minute chart.
_______________________________________
_______________________________________
●● Alternative count
●
BCHUSDFig.4
The alternative is a bearish triangle (X). In general, the count is consistent with the main scenario up to the top of the triangle (X), but it is worth remembering: in about 60% of cases, wave "B" of the narrowing triangle ends behind the beginning of wave A.
_______________________________________
Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
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