TradeWaves-EWA

🚀 BitcoinCash (BCHUSD: Long-term bullish triangle

COINBASE:BCHUSD   Bitcoin Cash
◉ Preferred count
BCHUSD ,🕐TF: 1D
🔮Forecast from 01/24/2022; Fig.1

BCHUSD ,🕐TF: 1D
🔮 Forecast from 06/21/2023; Fig.2

BCHUSD ,🕐TF: 1D
🔮 Forecast from 03/05/2024; Fig.3

The assumption that the primary wave could take the form of a large triangle was put forward as early as May 2021.
Inside the triangle, subwaves (A), (B) and (C) have already been completed, and then subwave (B) develops. At the end of the sub-wave (D), I plan to shorten part of the long position, because there is a possibility of exiting the sideways pattern downwards (see Alt.).
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BCHUSD ,🕐TF: 8h
🔮Forecast from 03.11.2023; Fig.4

BCHUSD ,🕐TF: 8h
🔮Forecast from 02/28/2024; Fig.5

BCHUSD ,🕐TF: 8h
🔮Forecast from 03/05/2024; Fig.6

At the beginning of 2023 there were options for a minor update of the low of 86.80, but we focused on the bullish counting.
Last November, signals appeared in favor of a triangle in wave (b) of ((i)) (Fig. 4). As you can see, the forecast worked almost perfectly. Yes, the formation of wave (c) of ((i)) in one form or another can continue, but most of the upward movement is most likely already behind. We are preparing for the beginning of the correction in wave ((ii)).
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◉ Loc. Alternative count
BCHUSD ,🕐TF: 8h
🔮Forecast from 01/24/2024; Fig.7

BCHUSD ,🕐TF: 8h
🔮Forecast from 03/05/2024; Fig.8

There was an alternative, but it was co-directed with the preferred wave scenario.
Based on the depth and shape of the downward correction, we will look at which marking option is most likely.
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◉ Alternative count
BCHUSD ,🕐TF: 2D
🔮Forecast from 03/05/2024; Fig.9

There is not enough historical data to speak with confidence about a bullish pattern. It is quite possible that the triangle is a wave (X) inside a double downward zigzag.
With an eye on the negative scenario, I plan to partially exit the long position if there is a completed zigzag C of (X).

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