🚀 Bitcoin Cash (BCHUSD): Triangle ④●● Preferred count
● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐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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● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐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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● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 30min.
Fig.3
Variant of counting waves within a thirty-minute chart.
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●● Alternative count
● Bitcoin Cash / U.S. Dollar (Coinbase),🕐TF: 2D
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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