🚀₿𝙞𝙩𝙘𝙤𝙞𝙣 𝘾𝙖𝙨𝙝 at a crossroads ... 🤷‍♂️

3 cze 2021

●● Mine scenario
● BCHUSD (COINBASE):🕐1D

"Fig.1"
The rise from the orthodox bottom of the triangle ④ 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 ④, the level "invalid" ..

● BCHUSD (COINBASE):🕐4h

"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.

●● Alternative scenario
● BCHUSD (COINBASE):🕐1D

"Fig.4"
The global alternative wave-count suggests a large triangle in the primary wave ④, 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.