IgorFlow

Elliott wave analysis of BCH/USD (BitcoinCash)

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
The hypothesis with the formation of the wave (iv) probably turned out to be erroneous. In the sense that it remained under consideration, but became much less likely. This is not scary, the entry points on it were with very short stops, so we did not lose much (I personally did not buy the BCH at all and recommended looking at more promising coins).

Now it’s very difficult to determine what can be formed on a large timeframe here, but even in such conditions a good trading plan can be built. The waves (B) of are forbidden to break through the channel in the direction of the generatrix 0-, therefore the completion of the double zigzag will be confirmed there, and there you can take a long with a stop at the extreme minimum.
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