BCHUSD still good opportunity but sth fishy

Zaktualizowano
I had to let go BCHUSD in previous cycle as it clearly truncated while I was waiting lower.
However, this is the only crypto I did not jump in over the weekend as I don't like equal leg area overlapping with invalidation levels...

However, believers would have jumped in at 100% extension and would be fine for now.

Will keep an eye on this one and keep you posted.


Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 13/05/2018-19/05/2018, I propose BTCUSD


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Did I say it was fishy? this count is not valid anymore and I suspect FLAT from 24/04/2018 high (end of cycle from the lows as originally proposed.
If motive 5 waves to the downside (3rd leg of the FLAT) or zigzag from the highs, I prefer to stay sidelined in the 1h for now and see the development
BTCUSD and other altcoins also broke their invalidation levels in the 1h ...
Uwaga
there you go!
snapshot
BCHBCHUSDBeyond Technical AnalysisbitcoincashCryptocurrencytradesetupWave Analysis

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